Monday, August 16, 2010

3 ways to be the best in the market

There are generally 3 ways to be the best in the market.
way 1 : have the most gold in the market this mean buying everyone that undercuts you up so only your auctions are up. This is a risky way and is not profitable because when you buy your competitions items,they still make profit. This is something i use sometimes when i know that the person has limited stocks and i am in a market which sells all the time

way 2: Having the most time, you are the person sitting near the auction house all day canceling and undercutting all the time. This way takes way to much time for the profit you make according to my opinion. You can make more money doing something else instead of sitting and undercutting. But if you have that much time and you are willing to spend it undercutting go for it you are gone make a good amount of gold

Way 3: This is the way that works the best in the long run, getting cheaper mats so you can create the item for cheaper and give the lowest price but still making profit. This way you don't have to buy anyone up or undercut someone if you are so low that other people don't think it's worth getting into your market slowly but surely your competition will disappear.

Ways to make your mats cheaper, you can get farmers working for you the best way to get this is to ask in trade WTB [the item] and maybe a couple gold cheaper then the auction house. Don't put any number to show how many you want and be prepared with tons of gold. When you get someone that wants to sell to you the best way is to say you want to buy it all. This way they will remember you because you gave them tons of gold, after you have traded you can whisper them a macro saying, i will need thoose items in the future so if you have any more cod them for [price] or if i am online we can trade thank you [your name]

This way the farmer will remember you and he/she will think of you next time he/she gets some of the items you want. You can also send a letter to them with some cut gems or something saying thanks for sending to me, that way the person will also remember you.

The other way is to make mats for your items for example if you make your own vellums for your enchanter you will decrease the price of the scroll, the same with gems for a jewel crafter or bars for a blacksmithing. The more professions you have the more gold will you make on each individual profession, because there are many ways to link them together to make more gold :)

So my tip for today is go check my previous posts of professions you have and check if theres any way to make gold with the other professions you have. If your having any troubles or questions i will be happy to answer them whisper me or leave a comment on the post :)

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