Since last Friday, I’ve averaged a daily income that could get me to the gold cap in just under two months from where I am right now while averaging 2-3 hours/day*. The problem is my competitors have figured out some of what I’m doing and are doing the exact same thing. Undercutting! As such my results this morning from last night were much less than the past few days.
I spent roughly 5 hours online yesterday doing nothing but watching episodes of Buck Rogers online (courtesy of Netflix), posting auctions, buying mats for a project I’m working on (woohoo! halfway done**), buying crafting mats, crafting, and undercutting. I undercut people no less than 5 times! The last time I did it, I waited until one of my competitors logged off, logged onto my toon, undercut him, logged over to another toon and waited. After a few minutes I assumed he probably went to bed and even if he hadn’t there was nothing I could do. Sure enough I awoke to find that I had made much less during the night and Mr. W…*** had undercut me several times.
Now two things could have occurred here. Mr. W… could have undercut me late last night shortly after I logged off, which in turn would explain why I made less. He also could have undercut me early this morning and the market was just slow last night. I don’t know. Either way, I’m pretty sure he’s watching me as I am watching him and others.
The point is I’d rather not spend 5 hours online just doing things on the AH. I’ve got a shammy healer I’d like to pug into Naxx, a priest that needs maybe 5 days to finish getting exalted with Oracles, a pally that now has his Green Proto-Drake and wants to switch to Frenzy Heart for the Mercenary achievement, and a druid to level. So what to do?
Tank The Market
I’m actually considering tanking the market. Post glyphs at a low price (I’m thinking 2-3g/ea) and eventually some of the competitors will give up since it won’t be worth their time. I already know some would as they’ve already begun to quit posting a lot less, due to the undercuts I’m assuming.
I’m working on calculations and worst case scenarios to see if I could make this work without losing gold. I’m also trying to puzzle out whether to post a lot of glyphs or a few. If I post a few, my competitors might buy them up, and I can post more to make it up in volume which isn’t a bad thing if I’m still making gold. If I post a lot, then that’ll probably actually tank the market.
Either way, do I have the balls to do it? Anyone out there had experience tanking a market?
*Obviously that wouldn’t really happen. First, I don’t think I could sustain the level of sales for that long. Second, it was the weekend so there’s more volume. Third, I think I’d get bored before then.
**Well, at least initially. I just might have to expand that to include Amber and my priest. WTB runed orbs cheap, you greedy bastards! /ring Ky: hello? Kettle: Hi, Pot!
***I have a sneaky suspicion that Mr. W… reads my blog and/or may even know me via guild since some of my guildies know about my blog. Why do I think this? Because he showed up a little after I started my experiment. He used to post around 8-10 of each glyph until a couple days after this post. If I remember correctly, he’s one of the two guys in the bottom three pics I either marked out in red or blue. So Mr. W… if you are reading my blog thank you and thanks for keeping the AH interesting!
Filed under: Auction House