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Reader Comments (Page 1 of 1)
6-16-2010 @ 7:26PM
uncaringbear said...
As a long time seller, here are some things to think about for those of you dreaming of entering the glyph market and raking in the gold:
1. Are you able to monitor your auctions frequently for extended periods? By frequent, I mean 30min, often less. If you can access WoW at work and keep it hidden in your desktop, that would help immensely. If you cannot watch your auctions like a hawk, you will be undercut relentlessly by the competition.
2. Are you prepared to spend a lot of gold buying herbs to mill your inks from? You will need a LOT of herbs, and on our realm the cheapest herbs go for 40g a stack on a good day. Alternatively, you can spend many, many hours farming the herbs yourself and slowly go insane. Sometimes you can come across good deals on herbs in the AH, but those are rare. The savvy competitors will buy out the cheap herbs instantly to try to choke off the supply.
3. Do you get aggravated easily? Does the thought of listing several hundred auctions only to get all of them undercut one minute later annoy you? Almost every time you log on, several of your competitors will already be online with their fingers ready to undercut you instantly. Does that sound appealing?
This is the reality of the glyph market. There will be competitors on your realm who will have more time and stamina available to them to dominate the market. They will give no quarter to you and will be absolutely merciless. The only way to succeed in the market is to have time, and lots and lots of it. It also helps to be a smart seller, but time and persistence are the main requirements. Every tactic you read in Basil's column, and more, will be used by them to drive you out.
I've seen many new sellers try to burst into the market and fail miserably. They always assume that their aggressive tactics will win the day (ie. undercutting by large amounts, camping the AH), but they are never willing to invest the time and patience for the long run, and inevitably disappear.
TLDR: Because of relentless competition, unless you have huge amounts of time, and are willing to watch your auctions obsessively, your profits in the glyph game will be disappointing.
Reply
6-16-2010 @ 10:40PM
Rotties67 said...
This isn't true. You don't have to follow these rules to make money off of glyphs. You won't make anywhere near as much (I average 200-400g a weekend)
I make 20 glyphs of each type. Yeah, its a pain. I try to maintain that 20. At first, just start with one class. Pick a price, and stick with it. 8g? 7g? 10g? Look at your server and pick something reasonable.
List the bid and the buyout the same. And list away. Don't worry about undercutting. Just list. Are you going to miss out on some? Yep. Are you still going to make money? Yep. Are you going to get hate mail from other scribes? Yep. Are other scribes going to buy out stacks of your glyphs at a time? Yep.
Make more. 20 at a time. Keep them on the AH. Lazy way to make money if you are doing more then one profession/AH game.
6-16-2010 @ 11:11PM
uncaringbear said...
@Rotties67
It really depends on your individual realms as to which strategy works best for you. Also, it comes down to what your own goals are. For some sellers, it's perfectly fine to sell less glyphs with the benefit of having to spend less time babysitting the business. For other sellers, it's a win-at-all-cost game, with associated hardcore tactics.