Having come back after 5 months i have noticed that the supply of herbs has gone down and indeed the price of the staple inscription herb “whiptail” has moved up from 1gold to 2gold per herb over these 5 months.
And, as the chart below from The Undermine Journal shows, Whiptail is not in great supply either. And shows no sign of falling in price.
Hence using the assumption that it takes 10 to 12 whiptail to make a glyph (see my Reference Page) then the manufacturing cost of each glyph for me is 20 – 22 gold. Therefore i am leaving my 40gold minimum selling price in place. Gives me a minimum profit of 18 – 20gold per glyph sale which is a reasonable profit per unit of time spent crafting and posting.
There are 3 other players in my market at present and two of them operate below my 40gold price level.
I suspect my re-entry into the market has not disturbed it sufficiently for these participants to take counter action and therefore it appears they are happy to accept lower profits. In fact, i suspect a weaker participant will drop out and focus on their other markets leaving 3 of us to participate.