The large majority of players using the auction house are one time shoppers/sellers who are unaware of the eb and flow of the river they are temporarily traveling. Nor do they understand the dangers of attempting to cross without understanding the factors involved. Luckily, you are not one of those people. You came to this blog and the hundreds like it because you wanted to unlock the 'secrets' to making gold but mostly because you want to understand.
There are three 'pieces' to making gold that you need which mirror the factors required for success in real life:
1. Motivated to Learn
2. Organizaion
3. Determination to Stick to a Plan
Being motivated to learn is what will begin your quest for gold domination as well as keep it healthy and growing. If you ever stop learning you will soon fall prey to the person that didn't stop. When you first start out you want to be a voratious reader and be like a sponge to a current of knowledge. Experimentation is also part of being motivated, so feel free to take big risks and remember that even if you lose out you still learned something in the process.
Organization is what seperates two well learnt auctioneers from each other. If you have everything planned out into a system then you will not only save time but your customers will come to expect your goods. Organization is the key to creating a consistent income, as well as helps you learn your own markets because you are always present in them.
Determination to stick to your organized and motivated plan for success is what allows you survive tough times. Don't mistake determination for stupidy however, as a wise man once said: Consistency is a virtue if you aren't a screwup!
What should you do with this post?
First, get a piece of paper out and organize everything down to running to the mailbox for all your characters. Create a day by day to-do list as well as organize any cooldowns you might have on various cycles. Try to focus on a Tuesday to Tuesday cycle that you can follow along and repeat. Write down everything including which characters you log on, what you will sell and in what quantities, time you will spend farming, etc. In other words become a well oiled machine following an intricate plan for success.
Second, stick to your plan and ride the tough days out. Think long term, and always look to take advantage of those that aren't. Look for price gougers, people dumping stocks, etc.
Finally, keep learning and experimenting. You'll find that the time you save with your organization will allow you to mill around the auction house looking for deals or taste markets. Find farmers, play in trade chat, or do anything else you can think of to continue learning and exploring.
Most importantly... HAVE FUN!
Popular Posts
-
Hey Markco, Just wanted to tell you another gold tip. With patch 3.1 the JC pattern Citrine Ring Of Rapid Healing no longer requires 2 eleme...
-
I was selling glyphs every fifteen seconds the first two hours of the patch, and it's the most fun I've had in a while on the auctio...
-
Just My Two Copper's One Year Anniversary is today! So much has happened and been going on that I didn't really even notice the time...
-
There’s a lot of information to sort through when bidding, buying, or posting items on the auction house. In fact it’s too much for any one ...
-
The obsidium shuffle is one of the most known gold making strategies today. Many people do the shuffle, many people profit from it, but...
-
This was my goal this week... find a way to make 1000 gold in 5 minutes of work, start to finish, time myself and make the gold. So far I ha...
-
Use this guide to farm thorium ore without having to run around mindlessly searching for respawns. Look for half an hour in these three lo...
-
This post was written by Dicci as a submission to become a writer here at JMTC. If you liked the article then please leave a comment letting...
-
Scott Alan Smith is a Crook! Edit: Screen shots and proof/explanation of the cookie stuffing Scott has used in the past are present a...
-
Patch 4.3 Video Guide Patch 4.3 isn't out yet. In fact, it isn't even on the PTR yet. We're gold makers though, and th...
4 comments: on "Strategic Plan for the Wealthy Auctioneer"
bachura said... November 7, 2009 at 8:01 AM
First !
Anonymous said... November 8, 2009 at 3:55 AM
And only!
Tyra said... November 8, 2009 at 12:07 PM
One of the better posts on JMTC, imo. ;)
Now if only i could organize my bank and gbank as well :S
Goatlord said... November 11, 2009 at 8:19 PM
You bring up a great point in this post: to-do lists. I've been using them forever for WoW, but I'm dying to find an in-game to-do list addon. Ever heard of one, or know how to find one?
Thanks =)
Post a Comment