May 11, 2009

Auction House: What not to do!

Imagine losing all your gold on World of Warcraft because the bank you’re using is going bankrupt, or having to pawn your precious items in order to pay your monthly installment for your flying mount. This would happen if WoW economy worked like that of the real world, thankfully, it doesn’t!

With this assumption, comes one of the most common mistakes that people make when it comes to merchanting. They sell their items lower than the normal price, and selling a lot of the same item, at once.

Making a good and fast profit on World of Warcraft is actually very easy, the answer isn’t about selling your items at a lower price than usual. It’s all about:

* Your goods

* The timezone your server is in

* The type of server you are on

The amount you’re selling your item is not at all very important when it comes to how fast people bid on it. It is important though, on how fair your price is. Pricing low makes you lose money. Price it high, and people won’t bid on it. Balance is the key.

Nothing is more disgruntling to an Auction House person such as myself than to see certain items selling for 5 times lower than the amount it would normally and reasonably sell for. There have been many situations where I have wanted to sell my item in the Auction House, only to find out that first, someone beat me to it, and second, they’re totally ripping themselves off because of their incredibly low prices!

Lowering my prices would mean I would lose profits too, so instead of doing that, what I do now is just buy out these people, and sell the items for what I usually sell for! I don’t lose anything, except a bit of profit, and I still get good money from my original items.

So you see, the price of the item doesn’t really change anything, it will still sell, as long as people find your prices reasonable. That being said, why bother selling for low when they would still buy at the normal to high price?

Save yourself the trouble and don’t sell your items low. “Go for the gold” and earn maximum profits from your items!

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