As I was on my server Friday night waiting for my random dungeon timer to pop. A guild mate of mind commented that someone was attempting to corner one of the enchanter markets.
Now I'm all for taking advantage of certain behaviors. There are many ways to remain on top of a market without gouging for cheap profits. So the guild mate and I chatted a little bit about this idea. The market the random person had decided to try to corner was the [Dream Shard] market.
Becoming perplexed of why they decided to try to corner this market, I did a little mental calculation. [Dream Shard] are disenchanted from blue items from the Wrath of the Lich King content. These are used for many of the enchants from Wrath, but haven't been in seriously high demand for a while. Some of the epic enchanting patterns that some will use for armor and weapons during cataclysm still use them, but not to the point that cornering the market as a whole will make a dent in the supply.
So where was the mistake that the investor made? His biggest mistake is overpricing an item that isn't in that high of a demand. He purchased the dream shards for 5g a piece, and instantly listed them for 35g. Not very long after multiple people checked into their stacks from guild banks, enchanters and undercut him in a heartbeat. So where he made money, unless he babysat the investment it would quickly drop off the purchasable market.
The first rule of cornering a market is to find something that is not easily renewable. Many guilds still have stacks of [Dream Shard] sitting in their banks. As well as pack rats who throw nothing away. So the supply was quickly replenished, far above the demand.
I would have suggested an item either from the Cataclysm expansion ([Maelstrom Crystal] and [Heavenly Shard] is always a tasty target for a quick market corner and flip investment technique. Personally I have many times did a quick corner of the [Savage Leather] market and [Pristine Hide] sales. Both of these are items that take time to replenish, and most will pay the premium price rather than farm or wait til they are available later.
The other rule of cornering a market is timing. Friday night does not get the same crafting traffic as does a saturday night, or even the night after a server reset. The quick corner technique is dependent on having someone there quickly to sell to. If the crafters are not on, or the enchanters then sales do not exist, and the replenishment factor continues.
Another rule is how difficult it is to replenish in itself. [Titansteel Bar] is in high demand due to the creation of [Mechano-Hog] ( the alliance version included as well). With the limited amount of [Eternal Fire] and [Titanium Ore] available, the [Titansteel Bar] becomes easily controllable with a few select investments.
With these few tips hopefully your late night corner marketing becomes successful in the future.
Good Luck and Good Hunting
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@Dragonbearjoe" or leave a comment here. You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
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