Well it seems like my money making has stalled. This could be due to less play time recently. Also i seem to be spending more time money and effort on trying to gain control over the netherweave market. So I plan on liquidating the remainder of my netherweave stock. If I can sell the bags for more than 11g ill make profit.
I then am going to try and keep doing bid low sell normal and level my black smithing. I hope to catch it up to 375 by next weekend. Once i get it caught up I'm going to buy the mats to level to 450 since northrend bars are fairly cheap. After that i hope to possibly try the belt buckle market out. I also may look into whether I can find a good tailoring item to craft and d/e for profit.
I've learned a good bit from my netherwave experience. While i didn't accomplish my goal of getting competition out of it i did learn a method to push prices higher and have a stock of mats backed up. I also learned that while the money can be good sometimes the time investment isn't. I was spending more game time focusing on trying to control that market I'm sure i lost money in other markets. I plan to still partake in the bag market but I'm going to let the prices reset on netherweave cloth so i can get a better profit margins. Or at the very least stop paying 11g for stacks of cloth and only selling the bags for 13g 86s .
Friday, October 2
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11g / stack of netherweave?
ReplyDeleteWow, I'd be eating my sockets if I had to pay as much as this on my server. Ok I know different server, different economy but still, this is a freaking lot for a stack.
On my server I don't buy any stacks past 4g and bags sells around 7 to 9 gold each, leaving me with a profit of 4 to 5 golds per bag.
Although there is no way I'll be able to force my competition out, the only thing I can do is getting the cheapest mats and leaving them the most expensive ones, cutting their profit margin. Maybe and its a big maybe they will end up deciding that the time / money ratio isn't worth it and THEN I'll be able to post s a lot of bags at a time.
Yeh my server was around 7g a stack and 12g for bags before i came in purchasing all the mats. Forcing the competition to post bags at higher rates. Then i sold my bags for around 1-2g cheaper and out sold them all weekend. The only problem is when i quit buying up netherweave because i inflated its price so much its not going down. Then the competition started undercutting wars thats why were only selling for around 2-3g profit atm.
ReplyDeleteMeh i meant the only problem is that the netherweave cloth price also rose sharply after i did this.
ReplyDeleteJust FYI, most gold making blogs are stating the price of Frostweave bags will drop due to Abyss Shatter hence reducing the demand for netherweave bags. I'd start focusing your attention elsewhere once you finally liquidate your netherweave stock.
ReplyDeleteWell it seems like my money making has stalled. This could be due to less play time recently. Also i seem to be spending more time money and effort on trying to gain control over the netherweave market. So I plan on liquidating the remainder of my netherweave stock. If I can sell the bags for more than 11g ill make profit.
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