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5-06-2010 @ 3:38AM
I was so wrong all these years...just until recently I was almost broke. Yes you need addons,yes you need time but mostly that sense and knowledge whats going on atm on your server. Knowing what NOT to sell in the giving moment is more essential then to automatically setup auctions for what ever you have in your bags. Undercutting competition is a major part of successful sell, but be aware, undercutting doesn't mean you should ruin the price of lets say Cardinal Ruby from like 180 to 120...that is not undercutting that is shooting your self in the head with your gun. Lower the price for few silver that after multiple undercuts price stay almost the same. That way it is a win win situation and all are happy ( except buyers ofc). Always think in larger perspective. If you cut the prices of specific item that means his selling price is close to price of materials it is being crafted from, which leads to a magic circle of sky high prices of materials which is not good for anyone. Farming is good way of making money but it has its limits and flaws. First of all you have a certain quantity which you can't overcome and it takes time. Undercutting benefit is that you can sell something even if there is a lot of it in AH,its just...you need to be there most of the time. At the end, if you want to be an AH player gem for patience!!!
5-06-2010 @ 9:51AM
I'm going to have to disagree with your statement on undercutting. Knowing when to undercut (and by how much - in terms of either absolute value or % of selling price) is a key to successful selling.Sometimes, drastically dropping the price on overpriced items is a smarter technique than simply dropping it a few silver. I'm not using the AH as a "win win" for all sellers. I'm using it as a "win win" for me. :)Is that selfish? Yes, probably. But I'm guessing most folks who have made a lot of money using the AH (myself included) aren't doing it solely to better their server community - they're doing it to have gold available for their characters, guild, etc...
5-06-2010 @ 10:19AM
Another disagreement -- if undercutting by 30 percent helps you make the sale at a profit, do it. Casual AH players don't have time to do the undercut-by-a-silver dance, because that's what it becomes: A dance, in which you and the competition keep shaving a few pennies off the price, then relist the stuff when the auctions expireThat'll work for some people, but I don't want to keep checking the AH to see whether it's time to drop my prices by another 1 percent. I just want the stuff to sell in one posting and make a profit. I typically undercut enough to be noticeable and make the buyer feel like it's an unusually good deal -- better click 'buyout' now, or it'll be gone. If there's obviously a price war already on or if undercutting will reduce my profit more than I want, I stay out altogether for a day or so, then check back.I don't use any addons, by the way. I'm sure they're great, but you don't really need 'em.
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