Comments on: Types of Sellers http://woweconomist.com/blog/types-of-sellers/ Pimpin' your bank alt since March 2008 Fri, 19 Mar 2010 04:44:50 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Mark http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-53 Mark Fri, 04 Apr 2008 22:43:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-53 Thanks for the tips! "If something is inflated, you are more likely to scan it than if it were priced at market." Was my biggest concern and can be hard to judge prices sometimes.<br/><br/>Its interesting to see how it all works, with some time I should hopefully get it. Thanks for the tips! “If something is inflated, you are more likely to scan it than if it were priced at market.” Was my biggest concern and can be hard to judge prices sometimes.

Its interesting to see how it all works, with some time I should hopefully get it.

]]> By: sid67 http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-52 sid67 Fri, 04 Apr 2008 15:13:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-52 Auctioneer is an excellent tool if used properly and full of fail if used incorrectly. I use it more for the search and listing functions than I do for scanning prices. The biggest problem with price scanning is that it can only scan what is LISTED, not what SELLS. If something is inflated, you are more likely to scan it than if it were priced at market. The result is that the price Auctioneer believes is market value is almost always well above the real market. You are better off just monitoring the prices of a handful of items on your own until you understand market value. Auctioneer is an excellent tool if used properly and full of fail if used incorrectly. I use it more for the search and listing functions than I do for scanning prices. The biggest problem with price scanning is that it can only scan what is LISTED, not what SELLS. If something is inflated, you are more likely to scan it than if it were priced at market. The result is that the price Auctioneer believes is market value is almost always well above the real market. You are better off just monitoring the prices of a handful of items on your own until you understand market value.

]]> By: John http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-50 John Fri, 04 Apr 2008 14:00:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-50 Auctioneer is Teh Awesome, Mark. Starting out, your best bet is to stick with basic commodities, like leather, wool, metals and stone and herbs. Auctioneer will give you a mean price over the past week (or two weeks). You'll get a feel for what prices look right for not only buying but also selling. Best of all, AucAdv will remember your most recent sale price and stack amount. It saves tons of time if you've got a bunch of stuff to list. Auctioneer is Teh Awesome, Mark. Starting out, your best bet is to stick with basic commodities, like leather, wool, metals and stone and herbs. Auctioneer will give you a mean price over the past week (or two weeks). You’ll get a feel for what prices look right for not only buying but also selling. Best of all, AucAdv will remember your most recent sale price and stack amount. It saves tons of time if you’ve got a bunch of stuff to list.

]]> By: Pete http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-49 Pete Fri, 04 Apr 2008 11:14:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-49 I rolled a bank alt about a month ago, loaded 'auctioneer advanced' add-on, sent 20g from my main and am now on 800g. Not amazing but still ok. I have found auctioneer IS NOT always right especially with litte data in its database. For example, people will put an item for inflated price (eg. 20x wool 75g) This throws auctioneer off, making the average price go up so when you /broker 500 (or whatever) it says 'HSP 75g BO 2g Profit 73g' which of course is wrong. Apart from that auctioneer is awesome, i love the beancounter and /broker features and it saves alot of time posting/searching items. I rolled a bank alt about a month ago, loaded ‘auctioneer advanced’ add-on, sent 20g from my main and am now on 800g. Not amazing but still ok. I have found auctioneer IS NOT always right especially with litte data in its database. For example, people will put an item for inflated price (eg. 20x wool 75g) This throws auctioneer off, making the average price go up so when you /broker 500 (or whatever) it says ‘HSP 75g BO 2g Profit 73g’ which of course is wrong. Apart from that auctioneer is awesome, i love the beancounter and /broker features and it saves alot of time posting/searching items.

]]> By: Mark http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-48 Mark Fri, 04 Apr 2008 01:32:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-48 I am probably the noob but I am not that bad :)<br/>What are some techniques on understanding my server’s economy and what to sell items at?<br/>I am currently level 46 and am simply looking for a way to make ends meet until the end game.<br/>What do you think of the auctioneer add-on and all its "enhancements?" I am probably the noob but I am not that bad :)
What are some techniques on understanding my server’s economy and what to sell items at?
I am currently level 46 and am simply looking for a way to make ends meet until the end game.
What do you think of the auctioneer add-on and all its “enhancements?”

]]> By: BaDSaM http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-46 BaDSaM Thu, 03 Apr 2008 17:22:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-46 I've run into some problems with the "impatient" sellers. You agree to buy their 40 primals for 700g. You group, hearth and fly, get to Org or wherever, and then they tell you that some other unspecified person has offered them 730g. I suppose they're hoping that after all that travel, you'll up your price instead of letting the deal go. Of course, I just say "GL then" and leave the party.<br/><br/>As for being taken by people offering tradeskills, you can be taken in whether they're doing it for free or charging. You just have to be a little careful. Check the Armory and make sure the person actually has the tradeskill at the level required for the service. And be wary of those who are guildless, or who are in a guild whose name you don't recognize.<br/><br/>I do remember one "free" enchanter who had a rather unsavory scam. He'd offer free fiery, or crusader, or whatever w/ your mats. Once you'd met and handed over the spell mats, he'd open up a trade window again and say "Where's my tip?". You could argue the meaning of "free", but he'd insist that when he said that, he meant there wasn't a set price, but he still expected a tip, and did you know how expensive it is to skill up enchanting, and what sort of cheapskate are you, and so on... and in the meantime, he's holding on to your mats. I’ve run into some problems with the “impatient” sellers. You agree to buy their 40 primals for 700g. You group, hearth and fly, get to Org or wherever, and then they tell you that some other unspecified person has offered them 730g. I suppose they’re hoping that after all that travel, you’ll up your price instead of letting the deal go. Of course, I just say “GL then” and leave the party.

As for being taken by people offering tradeskills, you can be taken in whether they’re doing it for free or charging. You just have to be a little careful. Check the Armory and make sure the person actually has the tradeskill at the level required for the service. And be wary of those who are guildless, or who are in a guild whose name you don’t recognize.

I do remember one “free” enchanter who had a rather unsavory scam. He’d offer free fiery, or crusader, or whatever w/ your mats. Once you’d met and handed over the spell mats, he’d open up a trade window again and say “Where’s my tip?”. You could argue the meaning of “free”, but he’d insist that when he said that, he meant there wasn’t a set price, but he still expected a tip, and did you know how expensive it is to skill up enchanting, and what sort of cheapskate are you, and so on… and in the meantime, he’s holding on to your mats.

]]> By: Douglas http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-44 Douglas Thu, 03 Apr 2008 16:20:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-44 "5. The Professional – This type watches the AH and trade channel and knows the market really well on a handful of items. They can and do work to control market prices for those items."<br/><br/>I fall into this category. Even created a guild for my AH toons. "Guildless Bank Alts"<br/><br/>I basically work a dozen or so high turnover items. <br/><br/>Motes & Primals <br/><br/>You'd be suprised how often there is a discrepancy between the mote/primal costs. <br/><br/>Remember 10 motes = 1 primal<br/><br/>More often than not, I see:<br/>Primal Fires - 24g/ea <br/>Motes of fire - 1g90s/ea<br/><br/>Even with the AH cut and discounting 25s to sell quick it's a 3.5g profit. <br/><br/>It takes a bit to allow Auctioneer to establish a base price so you know when the items are all overpriced, but once you do, it's a goldmine. “5. The Professional – This type watches the AH and trade channel and knows the market really well on a handful of items. They can and do work to control market prices for those items.”

I fall into this category. Even created a guild for my AH toons. “Guildless Bank Alts”

I basically work a dozen or so high turnover items.

Motes & Primals

You’d be suprised how often there is a discrepancy between the mote/primal costs.

Remember 10 motes = 1 primal

More often than not, I see:
Primal Fires - 24g/ea
Motes of fire - 1g90s/ea

Even with the AH cut and discounting 25s to sell quick it’s a 3.5g profit.

It takes a bit to allow Auctioneer to establish a base price so you know when the items are all overpriced, but once you do, it’s a goldmine.

]]> By: sid67 http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-43 sid67 Thu, 03 Apr 2008 15:29:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-43 You missed another type of seller –<br/><br/><b>5. The Professional</b> – This type watches the AH and trade channel and knows the market really well on a handful of items. They can and do work to control market prices for those items.<br/><br/>I wrote a one-time article on my blog (called “<a HREF="http://serialganker.blogspot.com/2008/03/how-to-roll-merchant-in-warcraft.html" REL="nofollow">How to roll a Merchant in Warcraft</a>”) about market equilibrium and how Warcraft selling prices can be manipulated. I don’t know if I am a true professional, but I do spend 15-30 minutes a day working the AH for gold when I need it. <br/><br/>This blog is real good read and I enjoy reading the perspective of someone else who understands this meta game. You obviously have a lot of experience at it and while I don’t agree with everything, I appreciate the outlook. You missed another type of seller –

5. The Professional – This type watches the AH and trade channel and knows the market really well on a handful of items. They can and do work to control market prices for those items.

I wrote a one-time article on my blog (called “How to roll a Merchant in Warcraft”) about market equilibrium and how Warcraft selling prices can be manipulated. I don’t know if I am a true professional, but I do spend 15-30 minutes a day working the AH for gold when I need it.

This blog is real good read and I enjoy reading the perspective of someone else who understands this meta game. You obviously have a lot of experience at it and while I don’t agree with everything, I appreciate the outlook.

]]> By: isothermal http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-42 isothermal Thu, 03 Apr 2008 14:31:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-42 Interesting blog, guys. Keep it up.<br/><br/>As a newer player, though, I'd welcome your thoughts on some of the lower level AH work. I'm a 48 who doesn't have a bankroll to support a random purchase of 100g to make 10g. (In fact, I'm just starting to get back to 100g after my mount purchase a while back). How about some tips for the up-and-coming trader? Interesting blog, guys. Keep it up.

As a newer player, though, I’d welcome your thoughts on some of the lower level AH work. I’m a 48 who doesn’t have a bankroll to support a random purchase of 100g to make 10g. (In fact, I’m just starting to get back to 100g after my mount purchase a while back). How about some tips for the up-and-coming trader?

]]> By: Emplives http://woweconomist.com/blog/types-of-sellers/comment-page-1/#comment-41 Emplives Thu, 03 Apr 2008 13:59:00 +0000 http://woweconomist.com/blog/types-of-sellers/#comment-41 Great Post, and a great blog. I've also been very interested in the WoW economy, it's a small microcosm of the real world. I think we can add many more "types" to this list. Like the powerleveling crafters who through away things in AH to recoup some of their costs. Great Post, and a great blog. I’ve also been very interested in the WoW economy, it’s a small microcosm of the real world. I think we can add many more “types” to this list. Like the powerleveling crafters who through away things in AH to recoup some of their costs.

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