"Hi,
I am quite new with "goldmaking" in AH since i have started doing this and followed some gold making blog's but i have managed to sell around 30 stack's of flasks each day. Luckily even summertime and cataclysm coming my realm still has a lot of raiders.
I have noticed one thing to help sales of flasks.
Major boost with sales start around 19:30 server time, so before that pref mid-day or evening try to get flasks prices go up. i mean by that post like 20 of each kind of flask with major overprice. Let's say 27g.
At sometimes after 16-18 your competitors start posting a lot of flasks not too much below your price your have putted.
Just before major boost i put lot's of flasks around 20g (my cost of making flasks are around 15g inc deposit each. i buy all herbs below that threshold) and most don't bother to repost for undercutting but few are but with pretty low volumes allowing my flasks still to sell.
Another nice thing i figured out witch would be good when competing with players. Is trying to catch those your competitors with visual and compare archievements, or to be specific compare stats. It is giving valuable information about their earnings/day and how deep pockets you can assume they have thinking their profit has been decent.
Sincerely,
Someone anonymous :o"
This is an excellent email because it shows a true understanding of the demand behind a market like flasks. I hope you overlook the writer's obvious second hand english and instead examine his ideas. The best thing that could happen to you when you use this strategy is for your competition to cancel their auctions that are well below your initial 'boosted' price and repost at a slight undercut. This removes the items which you will really be competing with when you repost all your auctions back down to more normal values. I advised doing this with Mammoth Meals in my gold guide for the exact same reason of demand spiking just before raid times. It works for any item that has specific times when demand drastically spikes.
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4 comments: on "Flask Auction House Strategy"
Wobby said... July 21, 2010 at 2:20 PM
How do you manage to read these emails Markco? I usually can't make it halfway through them before my eyes start bleeding. T_T
Anonymous said... July 21, 2010 at 3:38 PM
"Another nice thing i figured out witch would be good when competing with players. Is trying to catch those your competitors with visual and compare archievements, or to be specific compare stats. It is giving valuable information about their earnings/day and how deep pockets you can assume they have thinking their profit has been decent"
I have total gold acquired 30k. I think this is because I am goldcapped a bit oder 2 times. Although my 300k+ auctions might be a hint, it takes quite a bit of knowledge about how the stats work to make sense of them.
Anonymous said... July 21, 2010 at 4:14 PM
Flasks are my primary income generator, however the OP's strategy may not be effective on servers with a more saturated flask market.
Flasks (as well as just about every other "cash crop" commodity on my server) happen to be extremely controlled due to medium-high demand and several power players in each market who prefer to undercut by 10s rather than deep undercut.
More often than not where I'm at, my two and a half main competitors in the flask market will conservatively post 15-30 flasks under mine at a 10c discount semi regularly. Profit-making happens by "having the flasks that appear first in the AH" because rarely do people buy the stacks of 20 flasks that are on page 8, often at severe discounts compared to the pages of "carpet bombing" that precede them.
Moral of the story is that mileage may vary severely based on supply on each server. Saturated servers are a bit more insulated from market manipulation, but I will say that on the rare occasion that nobody has any tank flasks posted, i've boosted the price up to 25g/flask, sold quite a few and also trended the average prices of stoneblood's back up into the 20's where previously it had been hovering between 15 and 17 per.
Vennren said... July 22, 2010 at 12:42 AM
If using 12 hours posting and you're able/willing to post ~12 hours before raid time at a higher price than normal people will undercut that.
You come back around raid time as your auctions will expire and undercut everyone who posted below your initial price.
This allows you to control most of the market, if you're lucky, for about an hour, the most important hour of the day.
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