Playing the Long Haul on the Auction House

Posted by Markco at 8:00 AM

Part of becoming an auction house guru is realizing that you're in it for the long haul, not just the instantly gratifying sale. With this being said, there are several bad habbits you should avoid which prevent you from playing the 'long haul.'

1. Overreacting
I see this all the time, especially with newer players. That first time your stuff doesn't sell, or that time when someone undercuts you and you freak out. You dump all your items in a fit of anger and someone else makes a killing off your stuff.

2. Ignoring Cycles
The cycles of wow economics provide savvy auctioneers with the oppurtunity to create oppurtunities for themselves. By being ignorant of the price cycles for the items you are selling on your server you are basically cheating yourself. Start writing stuff down if you have trouble remembering when markets shift. Don't post infinite dust the day that they plumet to 3 gold a piece when in two days they will shift to 6 gold a piece.

3. Posting only what your character doesn't need
This goes back to being ignorant, but is focused on living in your own little world. If you only focus on tossing away items you know your own character doesn't need then you are probably putting them up for far too little. Just get some cloth from a chest but aren't a tailor? Going to just dump it on the ah for the lowest price? This is a fine oppurtunity to educate yourself on the value of cloth over the coarse of the next week.

4. Assuming investments are risks.
Have some faith in your own ability to read markets and feel comfortable investing money into good profits. Don't doubt yourself into missing up deals!

Ignore these bad habbits and you will surely start playing for the long haul!