May 6, 2009
Don’t kill the Auction house!
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
* Is it morning or afternoon? Is the server crowded at this time or not?
* The 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.
It’s very annoying for merchanters when they go to the Auction House and see someone who doesn’t know what they’re doing, selling an item for such a low price it’s actually an insult to the item itself.
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.
The price doesn’t change anything, as long as it’s the acceptable market price I can guarantee you that it will sell. Lowering your prices only lowers the market value of the item, and the demand for it. You end up doing more harm to the market and to yourself.
Don’t go too low, take advantage of how the World of Warcraft Economy works!
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