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Sometimes you have to be the villain. (twirls moustache) This mogul finally crashed the glyph market! : ) I’ve danced around it here and there to make the odd point but am now doing it from a more strategic position.
I’m 3k from double cap and have just reduced my earning per glyph to one tenth of its value. All down to an AH camper who has been signing on immediately after I post and undercutting – which tbh was really starting to annoy me. I spent about an hour last night playing that game and then decided this morning that I was going to ruin his fun and have a little of my own.
I cut to 3.5g min and 5g fallback and posted 10 of each glyph. Immediately there was an undercut of 4.99g. I couldn’t be happier : ) Now he’s selling his stock for low prices which the folks who’ve been paying 50g will hopefully snap up. Tonight I’ll craft back up to full stacks and then tomorrow morning will cancel all and repost with a 65g threshold and 4.80g min to take advantage of the glyphs he’s not posting on. Going forward I’ll be undercutting on a 48 hour cycle by 50s a go. Too big a drop each time and he might lose interest or, worst still, I might sell some glyphs.
I’m looking at this period as a kind of holiday. Glyphs (as those of you who post this market will know) are a relatively intense business on the AH. The rewards are good but the process is continuous. What I’ll be doing for the immediate future will be focussing on all the other markets that I’m posting in but am not a knowledgeable player about. I’ll also level up my BS – I’ve been sitting on all the mats for this for a while – and start experimenting will selling rods, buckles and a few purples.
So how long will this current glyph cycle last for? Who can say – glyphing is a long game, I’ve seen a bunch of competitors come and go. This new guy might have transferred from a server which has had a capped AH – reducing his profit might not bother him in the slightest… or, given that it’s just gone school holidays here, he might be a kid with nothing else to do for the next two weeks. Weeks, months… all that’s required is to stay the course.
Time will provide the answers.
Stay liquid folks,
Mogul.
That’s right folks it’s all gotta go. I’m keeping 1 tab of curios but everything else must have a purpose in this post-Cataclysm world.
What has brought this rash of rationalisation on I hear you ask? MMO-Champ reckons that at the recent drop of 4.0.1 we have 8 weeks before Cata comes out. Hmmm – that date is suspiciously close to one previously put forward by a relatively unknown gold blogger about a month ago.
Now I’m not suggesting you clear out all your active stock – I’m in agreement with Markco on that one; I’m making very good gold at the moment selling all the things I've always sold as the alt army continues it’s rampage through the AH. What I’m talking about is the junk that no longer has a home in your vault. Turn you vault into a model of ruthless efficiency – start Cata as you mean to go on: as a lean mean gold-making machine. ; )
Selling update: I spent 6K on very cheap Eternal Lifes recently and created a bunch of decks. I felt it was high risk and went into this venture knowing I could get burnt. I’ve been posting them for slightly under the moving price and guess what – everything’s been moving. I’ve easily made back my stake and am into profit now with a good amount of stock on hand. When I made this move I thought it was risky and bold. No way! It was timely and an opportunity almost missed. My advice is that if you’re putting together Nobles Decks in particular then convert them to cards. Many people new to the game do not remember the hype around Nobles and often don’t know what the decks convert to. When you’re converting go for str and agi decks. I’ve noticed the str variety moves much faster. I’m calling this the DK effect!
If you’re feeling truly mogulish then why not sell the decks twice! How? Sell the rep from the decks and then sell the cards. There are folks out there chasing DMF rep who will pay a couple of hundred gold per deck hand in (it’s cheaper than buying the deck). Of note is that the cards are BOE so you pass them the deck, they hand it in and they then hand you the card to sell. The careful amongst you may require a deposit before this happens but basically you sell the rep separately as a commodity all in itself.
One last thing which is exceptional news for the crafters amongst us – Blizz is making farming herbs and ores properly profitable. On the PTR when you hit a node as either a herber or a miner you get XP. This is a smart way of getting those mats onto the AH without relying upon botting gold farmers. Skinners kill a mob get XP and get a mat, tailors kill a mob get XP and get a mat – now the other guys get something too. It’s encouragement for every levelling toon to have a gathering profession and gives a much better provision of supply for crafters. Love it and hope it makes its way through to release.
That’s all for now folks.
Stay liquid,
M.
I’m approaching the big double cap peoples – by my calcs I’ve been pulling in almost 15K a week which is modest but compelling over time.
Chants are playing a part in this as are gems and inscription purples and a bunch of minor decks I’ve been turning out recently. The biggest earner though is glyphs! I don’t check earnings every day but it looks like my wall of “competitively priced” glyphs is grabbing about 50 sales a day on our low pop server – I’m averaging somewhere between 35g and 45g a sale.Mats I have in plenty following the AH splurge of our low-price listing botters – hence the previous post – and yes, unfortunately they appear to have been found out with prices rising back to 40g a stack. “Unfortunately” I say? Maybe, maybe not. I’m pretty sure that not many of the other glyphers got a look in on the cheap herbs – which could be why the market is clearing of competition. I managed to buy almost everything they had there for about a month, producing a bulging inbox and full bank tabs. I figure my supply should last through to Cata and hopefully double cap. ; )Other news:
- My hunter is finally at 80! Now grinding rep with some factions necessary for crafting recipes.
- My 71 DK is next on the list but I'll likely only take him to 75 so that he's good for the expansion.
- Mats are drying up on our low-pop server like spilt cordial on a hot sidewalk - chant mats are now impossible to get. Cloths are the only mats turning up in abundance - sometimes borean leather and saronite. Gold is made by shifting quickly through a variety of processes - ie, saronite shuffle when it's cheap, borean to furs when it's cheap, cloth to bags when it's cheap.
- I've been spending some Gs on my hunter - PVP is fun but I need some PVE pieces to bolster him at this early-80 stage. 245 and 264 epics incoming (bid only of course :P )
Current gold: 400,000
Stay liquid,
Mogul.
