This is a continuation of the gold-making guide for Auction House. It does not matter if you did not read the last article. Starting with this one is fine as well.
Last time we have mentioned two items to be noted when making gold by Action House. Today I would like to share the rest of the steps with you. Hope you like it.
Do not charge a too high price for the same item as others’. As a matter of fact, this is like how the market works in a real world. You see, if you price high for a rare item, you can still sell it out before the expiration. However, if your product has no competitive edge, you had better refer to others’ charge and make reasonable price. You can get best wow gold eventually.
Never fool your customers. Don’t even think about it. As has been mentioned in my last article, you could earn enough money in the AH just by following the market. We like to buy one thing for what it is worth, so if you items remain for a long time, you might want to re-think about the pricing.
Here is a little secret to promote your sales, which is to “underbid” present auctions. Make the price low but acceptable for yourself, which will make your auction rank the top of AH searches. Actually, this is just like an ad technique. You would appreciate the advantages if you have tried.
Pay attention to the seasonal elements. As you know, some items can only be used or popular in certain season, such as Delicious Chocolate Cake or Small Egg during Children’s Week.
Be patient. To earn a large amount of money by an item, you may have to post it for several days on end, or post it again and again. If you find it too hard to make gold in the game, you could just buy wow gold for sale on the internet.
Run Auctioneer if any for a few weeks before the start of speculation. That would accumulate a populated database. In this way, you can own enough historical data to make wiser purchasing decisions.
Don’t put all your eggs in one basket which is too risky. Just spend your working capital on buying forty items for the auction each with the potential for profit, instead of investing them in that one purple leatherworking recipe in hopes of getting several hundred gold hence. If you can not sell out that puppy or can not sell it at the price you set, you would lose all your working money. And you would be deprived of a lot of flexibility. Leave speculating on purple items until you have enough gold.