Gold Capped: Buy low, sell high

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4-28-2011 @ 2:30PM

Sky said...

Just to add to the concepts in this article, buying and reselling or "flipping" goods has a certain risk (where risk is simply the variance of profits) attached to it. If you want to try this out and see if you can make more money here than in professions then I would suggest trying the low risk goods first before trying to hit the jackpot with big ticket items.

Low risk = ores, herbs, skins, enchanting mats, uncut gems
Medium risk = flasks, cut gems, enchants, belt buckles, spellthreads, embossments, maelstrom crystals
high risk = BOE epics, pets, mounts

Also, I cannot stress step 1: Know your product enough. Looking at the Auctioneer average price is not enough. I know people who will employ a pump and dump strategy to artificially inflate the price so their posted goods will look "cheap" (below average price). The best way to avoid falling for this would be to specialize in a specific item/group of items in the market and sticking to those.

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