Have you ever seen people selling something on the AH that made you want to scream? A few weeks ago a guild member was really upset because Saronite Ore which had been selling for 20-22g/stack suddenly dropped to 15g/stack overnight. The problem was that there was so much of it that people were beginning to undercut the undercutters.
So what do you do? Well I have heard some people say you should buy up the undercutters and try and control the market. The problem with this is you’ll buy up the cheap stuff, post for the price you want, then get undercut again by the same guys and lose. They’re making money selling so they’ll continue to do this to you.
With glyphs I’ve found a way that sorta works some of the time…
Wish I had a screenshot of the before prices for this glyph. It was selling around 8g/ea at one point and there were about a dozen of them. I’d rather not sell a glyph for under 10g. Hell, I’d rather not sell below 15g to be honest. Although as Darraxus pointed out on my last post, you can still make a nice profit at 8g with some glyphs, but I think we’d all rather still make more.
My strategy for raising the price? I kept posting one really high. as you can see here, the last time I posted I put two up for 34g 70s. Believe me, I have no illusions that I could ever sell that glyph for that high, but look what happened. It appears that all the low priced glyphs eventually got bought out and only mine was left, so when the next seller came by and saw my high price, or relied solely on Auctioneer to tell him how much to undercut, he then posted the glyph at what I consider a more reasonable level. Believe me, I removed my two high priced glyphs (which aren’t shown) and posted two more at 13g 90s.
Here’s a word of caution though. This is fairly easy to do with glyphs. Why? Because posting a glyph costs 60c and glyphs sell on a regular basis. I’m constantly posting new auctions and canceling the higher priced ones. It costs me little and I don’t even notice. But I wouldn’t advise this on items with high posting costs, unless you’re rich already then it’s potentially worth it.
For example, I wanted to try branching out for more items. I decided I could potentially finish leveling my last 25 points in Jewelcrafting and sell gems at the same time. After about 30 minutes of research I figured I could sell Rigid Autumn’s Glow gems for about 35g. Everyone needs +hit right? So I made a couple and posted them at 33g and sold one almost immediately! I got excited which was where I made a slight mistake.
I found a killer deal on 8 Autumn’s Glow gems for 80g total. Most are selling at the 15-20g range that I could tell. So I snagged them quickly! I then posted a couple more and checked back about two hours later. Lo and behold there were about 8 more Rigid Autumn’s Glow gems undercutting mine as low as 20g/ea. If I remember correctly it cost 2.5g to post each of them. So I’m now out 7.5g and sitting on several more. On the other hand, I still got a deal on the uncut gems and should still be able to sell them eventually. Although now I’m wary because the gems cost me 12.5g now. They’ll cost 15g as soon as I post them again. Then 17.5g, 20g, and on and on until sold.
Filed under: My AH Experiment