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6-16-2010 @ 6:47PM
Disagree on the idea that high prices don't deter sales. The higher prices are, the less likely people are to buy them, that's true of everything, and glyphs aren't an exception. Early in the expansion when everyone was in a frenzy to glyph their character, and when the books first came out, you'd sell glyphs no matter how high you listed them, yes. The market has significantly come down from those dizzying heights. The higher prices get, the more likely people are to check again tomorrow, or wait for a scribe they know to log on. With the volatility of the glyph market, checking again in 30 minutes may even suffice. That's not to say you should put up glyphs for cheap if you've got no competition for a specific one. But i've found those sky-high prices less sustainable. Players currently buying glyphs are trying out a new spec, outfitting alts, or newer players leveling up. Only the last category is going to need that glyph NOW.
6-16-2010 @ 6:56PM
"Disagree on the idea that high prices don't deter sales. The higher prices are, the less likely people are to buy them, that's true of everything, and glyphs aren't an exception. "I didn't say quite that- what I said is that the glyph market is less elastic than other markets. Sales go down less for high prices and go up less for low prices than other ones.
6-16-2010 @ 7:07PM
My experience is very different from yours. For those rare periods where the glyph prices are all unusually high, which sometimes occurs after an extended maintenance, I see no drop in the number of glyphs sold. In fact, revenues are extraordinarily high during these times. Unfortunately, this only lasts for a few days at best, as undercutting (especially by those who undercut by several gold) drives the prices back down. Yes, there are buyers who will be discouraged from buying glyphs due to higher prices, but they are very much so in the minority. If they're unwilling to pay 60g for a glyph, they're probably not going to buy it 12 to 20g either. So from my experience on my realm, the higher the prices, the better. I will not hesitate to buy several hundred glyphs a week from my competitors in order to drive the prices up. Sometimes it doesn't pay off, but most times it does. I also know (because I talk to them) that many of my competitors appreciate my buyout efforts.
6-16-2010 @ 10:20PM
"I didn't say quite that- what I said is that the glyph market is less elastic than other markets. Sales go down less for high prices and go up less for low prices than other ones."Hmm, well that's fair.
6-16-2010 @ 10:22PM
also, with regards to uncaring: I've found lately that glyphs above the 25-30g range almost never sell, so i guess it's one of those your mileage may vary things
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