World of Warcraft economy doesn't work like that of the real world. Though it's very common to assume that it does, because of the similarities of buying low and selling high. It's actually a bit more convenient for merchants.
With this common mistake comes the most common Auction House blunder: Selling your items for a lower price, and selling them all at once.
People are impatient. They want to make a killing, and they want to make it FAST. So they sell their items lower than the normal price, thinking that it will get more bids or sell easier. This is wrong! All this does is kill your server's economy. Here's are the important factors in selling your items:
* The item * The time of day
* How good your server is
The amount you're selling your item is not at all very important when it comes to how fast people bid on it. It is important though, on how fair your price is. Pricing low makes you lose money. Price it high, and people won't bid on it. Balance is the key.
Being a merchant has it's perks, but most times it's more irritating than anything else. There have been times when I would go to the Auctioneer to sell my item, and I find a bunch of it already there, selling at such a low price, it's unbelievable! Do these people know what they're doing? Do they know that they're ripping themselves off and killing my profits in the process?
What I used to do when this happened was to sell my items for a bit lower than my usual price, but I realized I'm ripping myself off too. So what I do now is to buy out their items at the low price they are selling for and then put it up in my normal price range, and guess what? They sell!
Lowering your price doesn't actually make a difference, the only thing people care about is that it's along the normal price range and not too unreasonably high. Don't kill your profits, and don't kill the market.
Save yourself the trouble and don't sell your items low. "Go for the gold" and earn maximum profits from your items!
For more articles on how to make a killing on World of Warcraft through the Auction House, check out Massive Gold Blueprint. Need more gold? Learn how to earn gold the quick way, visit Secret Warcraft.
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