Following on from yesterdays post on the Advanced Strategy The Pricing Trap strategy – what is it and what is its purpose?
There are two ways to combat this strategy, and the second method is fail safe.
The first method is to spot it and avoid it. Therefore this requires you not to blindly use your posting addons but to at least pay attention to what is going on in your markets. Which is no bad thing.
The second method is to always have a minimum posting price. For glyphs i have a 40 gold minimum posting price – see my post The importance of minimum pricing levels. Indeed, TradeSkillMaster will allow you to base your minimum posting price on the crafting cost – and for other markets such as enchants i base my minimum price on the crafting cost + 10% (i.e. 110% of the crafting cost). This will allow you to blindly use your addon to post – though i would still heavily advice keeping an eye on what your markets are doing!
for this and other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
Croda,
ReplyDeleteJust an FYI, I am sure you are already aware, but 40g minimum is killing sales for you.
I stay away from setting TSM for my costs due to I don't purchase them in "realtime" from the AH. I stockpile when I see the price drop.
I know what my inks cost (due to time restraints I only use Blackfallow to flip and craft) and I use that as a baseline, at least until the prices of herbs level out and I purchase more.
If I can see that another Glypher is using TSM (by their auction habits), I will be a gouger and take their glyphs. It is a very viable way to surely get hatemail in your inbox, piss off your competition, and make your glyph bank and your gold happy fellows...
Never underestimate the greed of the other guy.
Alto.
Alto’s Goldish Advice- The Worst WoW Blog Ever!
i know Alto, but i beleive that if i allow my competition to get the sales below 40 gold then they are happy. and so i am happy. leads hopefully to a stable market.
ReplyDelete