Wow Economic Review

There is an epic discussion going on over at Greedy Goblin over the best pricing and posting strategy to use for selling glyphs.

The person who was making the most sense was Lite. I really like this comment he made:

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@Gevlon True. If I am making literally 0 profit or at a loss. I will leave the market temporarily.
But say the material price of a glyph is 2g(Seems to be the case on my server). AS long as I am selling my glyphs for >2g I will stay on the market. But you will continue to drive the market down.
Example:
Gevlon logs on after his 48 hour cycle and relists all of his glyphs at 6g(I know thats not the case as your median price is dynamic but follow me here)
I log on and cancel/relist my glyphs at 5g99s.
The next 48 hours I will sell all of my glyphs at 5g99s.
You will sell none at 6g.

Next week you post your glyphs at 5g99s-60s=5g39s.
Once again I cancel/relist. this would continue for 6,6 cycles untill the prices finally reach my threshold(material cost). I will cancel my glyphs and as long as the prices on glyphs are < material cost you will “own” the market.
I will continue to spend 3-4 hours a day online, making money off of my other business, doing a daily scan of the glyph market to see if its worth diving back in. If it isn’t I’ll keep out. The second you relist your glyphs at 6g I will jump back in though.

So again, Am i misunderstanding something or are you simply assuming that you will win in the end because you’ve got more patience and whoever uses QA2 will leave the market for good once he’s been beaten and the prices never fallback to the redicilous 59g49s that MMO-Champion seem to think is a great idea?

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This is my main problem with Gevlon’s glyph posting strategy. It is something I saw firsthand trying to work out how I would price my glyphs. The post-MMO Glyph market is much faster paced with every man and his dog using QA2. On my server you NEED to be aggressive or you will always be undercut. Even when the glyph price resets, someone will be there to undercut you.

My posting strategy is pretty simple, though I have not seen anyone discuss doing the same thing.

- Craft around 10 of every glyph I can create – about 85% now.
- Post 2 glyphs with a 60s undercut.
- If the lowest glyph is under my threshold (2g) I will post 2 at my fall back price (7g).
- If there are no glyphs I will post 2 at my fall back price.
- Then roughly twice a day I logon to my three glyph bank alts, click Post, then a few minutes later I will have re-undercut, reposted sold glyphs, or skipped the glyphs where I am the lowest cost.
- The key to the strategy is I don’t cancel any auction and if my lower cost glyphs sell, then I will have more expensive ones available too.

This strategy is a combination of Gelvon’s 48hr post and leave with the added aggressiveness of undercutting to drive the price down and discourage other players.

After looking into all the major ways of posting glyphs, this seems to have the most advantages. What do you think?

I thought I would share my current stockpile for 3.3 and the next expansion. My main aim is to build up my stacks of Netherweave Cloth to create Netherweave Bags and to build up a big stockpile of gems. The hardest part of creating a stockpile of mats is you can’t see a liquid increase in your wealth – it’s all about investing for the future.

Large Opal 293
Blue Sapphire 271
Azerothian Diamond 208
Huge Emerald 84
Star Ruby 51
Ametrine 27
Cardinal Ruby 3
Dreadstone 10
Kings Amber 1

Infinit Dust 2600
Book of Glyph Mastery 32

Bolt of Netherweave 620
Netherweave Cloth 3565
Netherweave Bag 76

Ink of the Sea 1775
Snowfall Ink 280

Adder’s Tongue 2200

Saronite Ore 1020

Question for the day: What are you stockpiling?