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Reader Comments (Page 1 of 1)
6-16-2010 @ 9:59PM
Kevin said...
I'm the a-hole who if I notice new glyph competitors I drop the entire market down to 3g a glyph making it a huge waste of time for people to sit and cancel repost for hours for marginal profits. I have the pockets and supplies to keep this up for weeks at an end. I hate the re-posting wars and simply don't have time for them so I'll accept minimal profits for being able to post for 48 hours at a time and not having to check every 20 minutes.
Regardless of what you may think of me, in terms of this article, this is something you need to keep in mind when attempting to enter the glyph market. Every server already has established sellers who have huge inventories of glyphs and supplies and the pockets to wage "wars" against other sellers. The glyph market is not a causal market to enter - it is very high maintenance depending on the competition on your server.
If it's your sort of thing - and it is for me- and you went to go head to head with other competitors go ahead! It can be a lot of fun - I would just offer a few suggestions:
-Firstly you are going to need to invest several thousands of gold to start up your business in order to build your inventory. IMO, you don't want to skimp here - you need a strong inventory because a)the sales of glyphs occur quite frequently and you always want to be ready to refresh b)long glyph crafting sessions are terribly and hideously boring - you want to minimize these sessions as too many and I guarantee you'll burn out.
-Secondly find the cheapest materials possible - whether you need to hire a farmer, spam trade looking for bulk deals, or keep an eye on the AH for good deals the cheaper your materials the higher profits you'll obtain as well as the lower your threshold can sell while still turning a profit.
- My third suggestion would be - the key to making big profits is maximizing the profitability of your snow fall inks. Cards (bleh), scrolls, offhands, or even just selling them makes all the difference in profit as these sales often cover the purchase of your materials therefore allowing your glyph sales to be 100% profit.
Anyways that's just my two copper - if you want to enter you are certainly allowed to - just make sure you do it 100% or you'll just waste your gold and time.
Cheers!
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