. . . . . . or how rising prices can attract unwanted competition.
I would rather sell one item every 2 days for 200 gold on a sustainable basis with the market to myself than compete with others to sell the very same item every 2 days for 400 gold.
I find this is the case with the off hands such as Iron-bound Tome, Manual of Clouds and Faces of Doom. Despite selling them every 2 days as sure as night follows day, i do not put up their prices. Because doing so would attract unwanted competition.
At present my competition can see one Iron-bound Tome sold every 2 days for 200 gold and they don’t both trying to compete. But if i was to raise my prices they would notice a sale for 300 gold or 400 gold every 2 days and then they would try and enter this market.
I get 1000 gold per week from these. It may not be much but it all adds up.
When you are onto a good thing best not to try and make it a great thing, everyone wants to be onto a great thing.
for this and other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
a blog of my experiences and observations of making over 1 million gold in World of Warcraft . . . . . . . . . .Includes the famous free Croda's Inscription Gold Guide
Croda's Inscription Gold Guide - paid version, only $5
Some beautiful music to read the blog to . . . . . . (i first heard on PowerWord:Gold podcast)
Friday, 9 December 2011
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no, this is dumb.
ReplyDeletei like this idea. earning gold without attracting competition is a hidden secret in world of warcraft. i already do this though i did not realise it. thank you for putting my actions into words!
ReplyDeleteYou're giving away too many secrets Croda!
ReplyDelete@Critical: . . . . i know, i know.
ReplyDelete