Tip #5: Investing Long Term and Selling Short Term
Initially, there will be a huge rush for items and you should try your best to get everything you can up there for maximum profit. Relist your stock a lot and often. You don't have to get into bidding wars, but watch for people pushing your stock by multiple pages of items. Setup QA3 and go nuts during cataclysm's release.
You will want to keep about 20% of your stock (unless you are just making an absolute killing) for inflation. Although you may think you are making killer amounts of gold, there is a chance that inflation will set in and become even better than what you're selling during release week. I sold fade leaf for 45 gold a stack during the crazy days of inscription's release week, and yet now I see it sell for 50 gold + some days. Inflation is an amazing tool, use it and don't ignore the possibility of it occurring over time. By making 80% of your sales early on, you will cut all your investment losses and be healthily in the black. But trust me on this... what you think is a lot of gold at the start of cataclysm will be a small amount of gold, however you have to take advantage of the demand and sell off most of your stock or you'll be left with mats until the end of cataclysm! Especially if you are planning on stockpiling like I am.
Popular Posts
-
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 ...
-
Like every other patch day I'm sitting here tuesday morning muttering to myself... ... did I miss any markets? ... are my addons rea...
-
Patch 4.1 & Patch 4.2 are right around the corner and I'm sure most of you are wondering what to stockpile for these upcoming patche...
-
I decided to be an absolute jerk and do something so wrong, so EVIL, it couldn't possibly come from a standup auctioneer like me. I took...
-
The wow gold carnival for September is finally here! Sit back, relax and enjoy the epic pwnsauce that is this month's collection of art... -
In regards to using auctioneer, how has it worked for you guys? I am consistently pulling in 1000 gold daily with around a half hour of work...
-
This is a fascinating market that has been around since the start of the Darkmoon Faire. I only learned about it a couple months back when a...
-
Patch 3.3.3 is on the PTR and frozen orbs will now be used to purchase a frost lotus, 6 frozen orbs for a crusader orb, 4 frozen orbs per ru...
-
Everyone having a good friday? I am feeling pretty good but it has nothing to do with world of warcraft. Today starts my new workout / diet ...
-
Today is going to be really fun if everyone participates. Go ahead and place in the comments section your absolute favorite way to make gold...
2 comments: on "5 Tips to Making 1 Million Gold in Cataclysm - Tip #5"
Editor of SF Tech Beat said... April 5, 2010 at 2:59 PM
you forgot oppurtunity costs. You can make teh gold and invest in stuff to make more gold.
What you are sayig is in 3 month the price of fadeleaf went from 45g to 50g, that means a 5g more profit in 3 months times X amount of fadeleaf stacks?
You could obviously make a lot more money by taking the 45g initially and reinvesting in that cause Heck wiht most professions you can return 5g more in a few days.
And also inflation is BS, because everything get inflated not just your items, sell early and hard, reinvest.
Anonymous said... April 5, 2010 at 10:34 PM
The only problem I see is what should we set are prices at? 500% 300% 200%, i mean theres obviously going to be a lot of demand, so setting up QA3 with all your stock at 300% or more should be ok right? I'm just worried about what to set prices at.
Post a Comment