Iron Bound Tome - Oh but those don't sell right?

Posted by Markco at 8:00 AM

I have been making about 500 gold profit a week from iron bound tome sales, even with up to three people competing with me. Those 4-6 sales a week are due to new pve alts trying to fill the oh so elusive off hand slot and save badges for tier gear. Do you have any idea how many people still tell me and will tell me after this post that these are impossible to sell? What is it with everyone thinking that things have to sell in the same 12 hours they post them, or that having someone undercutting you means you can't sell your product? I don't say that to put the people that say these things down (after all Euripides on the Call to Auction told me flat out that these never sell and I still respect him for his gold making skills), but rather I say this to explain that if one person is succeeding at making gold and you are not, then you might want to pick there brain on the subject.

So here, I'll do some of the picking for you:

First off, the profit margin on these things is ridiculous. I am making literally 150 gold profit per sale. Next, many people assume this market is pointless and whenever the vast majority of players aren't doing something, you can bet that I am. Engineering for instance is a great money maker, but no one will tell you that because they have all heard it isn't. Finally, unless there are more than 2 off hands below your price yours will most likely sell in a 24-48 hour period. On my server after some time observing this market I've found that on average about one sells every 12 hours. So if I put it up for 24 hours and there are two underneath me, I will undercut. That's no a smaller server with less demand, so if you have a higher population server then you will want to adjust your tolerance for undercutters accordingly.