I personally play on the Ursin server, whos economy is neither good nor bad. Each server will vary based on the location of the server, times that are key, and cashflow. A more populous server will experience higher turnover rates of items, however, will be harder to control the market flow. A less populous server will be much easier to control, but will be harder to sell large amounts of items.
If you are on a low population realm, expect low risk, low profit, and high personal control
If you are on a high population realm, expect high risk, high profit, and low personal control
Ursin is medium-high population.
Remember: this is not the population of the server, but rather the population of your faction!!
Servers have key times, best times to buy certain items, best times to sell others, and even best days to do things. This is true of all servers. A large amount of these times revolve around raiding times, and more importantly, leisure time. When your server has the most people online, its time to sell. When few people are online and nobody is doing anything, you should hold your goods.
Tuesdays - Learn to love them, probably 50-60% of your income will happen on Tuesdays. this does not generally include patch days to my personal extent, as I find wednesdays after tend to be a bit better. I think alot of people may avoid playing patch day due to the server issues, and when fixed up on Wednesday, all play.
Different servers also have different prices on items. NOT EVERYTHING IN THIS BLOG WILL WORK ON YOUR SERVER! I will generally post mathematics, formula's, or the prices of the items on an average server as a reference point. Do your own thought to decide if a certain tactic or mill is worth doing.
Lastly, on control: Some servers have individuals that control a specific market. This is good and bad. I tend to feel a degree of control from individuals is good. Assume saronite ore, one person has all of their stacks listed at 25g per stack, buying out anything under them and reposting. This is good for the seller of saronite, as they are almost guaranteed a sale if they post on the AH, and generally will sell fast in trade chat. They sell their saronite wanting fast cash, and they get it easily. Buyers of saronite generally are looking to either buy a small amount, in which case they will get from either this person (at an expected rate) or from an individual if one can be found. They know what they are paying and it is fairly static. Buyers also can be looking to buy bulk amounts, calculating that they can do --something-- with that much saronite, to make MORE than 25g per stack. They have the ability to buy any number of stacks easily, without having to recalculate each different gold value. I feel a degree of control is good on the market, but too much can be detrimental. It also entails a very high risk on the part of the monopolist. I personally do not recommend attempting to control a portion of the market for long periods of time. There are occasions where I will attempt to control single items or groupings of items for a day or two at a time, never more. Ultimately, this blog will not entail mass control.
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Why, exactly, does Tuesday represent 50 to 60% of your income. You don't elaborate.
ReplyDeleteIt's not from buying cheap since early Monday mornings is usually the best time to get sweet deals from all the casual players who have no clue about market pricing. And it can't be for sales other than raider sales and I find raid consumables aren't going to generate that kind of income...
I'm just looking for some encouragement. I am leveling JC/mine on my DK. I am just floored by how expensive everything is. Almost every skill point is 5 gold (unless its the sweet sweet healing stones). Mostly I try to sell one or two of the jewelry on the AH, and DE the rest for mats. Does it get any better? On our server, the gems from tin ore sell for 3-4 gold each. The silver ore is 3 gold each. Same with gold. I've managed to get some bars cheaply just by looking at trade. I am following the wow-professions guide and am up to 150, after about 10 hours invested and probably 500g.
ReplyDeleteAny help on leveling JC would be appreciated.
@anonymous I tend to focus on selling to raiders, by selling enchanting mats and gems. On a tuesday, people come home with one of 2 things, either a repair bill or new purples. New purples need gems and enchants, and as soon as their raid is done, they will generally buy out whatever they see if they are unavailable within guild. For this reason, tuesdays do wonderful for me. I make sure to catch that crowd.
ReplyDelete@Gibbiex avoid following any guide word for word, especially when it comes to leveling JC. Do the math on what skillup is the cheapest, and balance your prefferred risk vs reward (make a green recipe or an orange?). As for if it gets better, it definitely does. If you are the type to analyze your sales, you will do well. On a side note, I spend about 1000-1200g leveling JC on my toons. (1-400 or so)