Undercutting Its the name of the game.

Have you ever posted a ton of items hoping they sell and 2 days later you check your mail and they all return to you. There are two reason for this one is some items just have no buyers or very few buyers. Things i put in this category are Epic BOEs, Blues, cured leathers, some meats. The other reason is you got undercut and the market moved below your price and stayed there. Most of the time there is no way to prevent undercutting but you can minimize the damages.

One way to reduce the damage is to not place your entire stock of items on the AH at one time. Separating it out and posting 30 here and there will make sure that 2 hours later you can post more of the items up. But this time you will be the undercutters dropping the price to a level you deem acceptable as long as its below the competition. However you may still be undercut even after undercutting. This is how markets deflate when players keep undercutting each other lower and lower. Example of this last Friday Netherweave bags were selling for around 13g today they sold for 7g30s. This happened for 2 reasons an abundance of netherweave cloth and me dumping my stock of netherweave with no care how low the price got because it was profit anyways.

One way to curb the damages from not selling because you are undercut is to post auctions for shorter intervals. Instead of posting for 48 hours with a higher deposit. Try posting for 12 hours with a lower deposit to the AH. That away if you do run out of supplies or items you get them returned sooner if your undercut so that you can re post them at the new market price.

Undercutting is a common practice used by players to sell items fast. You can use this to your advantage. In the bid low sell normal process I say look for items that are commonly used see if it says buy or bid. Most of the time when Auctioneer says buy it may be because of undercutting. Some scrub players of wow want to sell quick so they will post items that would sell for about 6g for 3g. This is where you can make some serious profit purchasing these kind of items and reselling them for the normal cost.

So now that your informed that undercutting is a fact of life. Use the tips i provided to not prevent it but mitigate the damage. Also make use of the free gold scrubs dump into the AH all day long. Sell it and make your gold and lol at how easy it was. Use undercutting to make sure your items sell but don't be silly with your undercuts a few silver is all it takes.

Is a profession worth it?

Today i'm pondering if a profession is worth it. Recently I have had an urge to create a JC. Why do i want this some people may ask. Well i want to be able to craft rings and necklaces to DE. I have no true intrest in the gems though they will turn a nice profit also. Im wondering if an investment into maxing my JC would be a way to increase my gold making dramaticly. If i were to do this i would purchase ore and drop mining on my warrior. Which would make him a BS/JC I would then follow the wow-proffesions guide to leveling JC. To turn a small profit while leveling I would DE the crafted items. except maybe the pre lvl 20 rings and necklaces they can turn a good profit selling to alts. Once I reached 450 i think i would purchase saronite ore to start out building my empite. I would craft the blue gems and save the greens. After saving enough green gems and making some cash off the blues I would begin to purchase the eternals needed to make rings and necklaces. After crafting them i would DE them and sell the mats i make. This could turn a great profit

Diary Entry: The weekend rush

So this weekend i have not been posting much. For that i am sorry i have a report on my progress for the weekend. If you remember i was sitting at 3.7k gold Friday. Here is a picture of where i ended up just 5 minutes ago.

Im now sitting at 7k gold a mere 3k from my goal. That is around 1k gold a day give or take. It actually could be 900g more but a 500g loan to my cousin and a 400g investment in trying to flip an epic took that. I could make 300g-600g profit on the epic though.

I did this by selling netherweave bags which have dropped from 13g to around 8.30g I've sold a ton I had a bunch of bolts as you saw in a previous post. well now i have depleted my stockpile and i'm going to have to start purchasing netherweave cloth to stay in the bag market. I also sold enchanting scrolls crusader and fiery weapon were the top sellers i made a decent profit even though i purchased the mats. Another method i used was doing a daily transmute of the +30 stamina gems. I got lucky with this and created 5 at once got to love transmute spec. Also i leveled my warrior and found some cobolt ore and a few green BOEs. These were sent to my enchanter to DE and sell off the mats. Upon review though i probably could have enchanted some scrolls and sold the enchants for more.

So now you know what i've been up to for the last few days. Maybe it will allow you to create your own ideas on how to make gold. I plan to hit my target goal in just a few days time.

Diary entry:money mania i wish.

Im crafting bags and doing enchants also had a great proc on an epic gem. 5 gems from one transmute more updates tomorrow with pics and a gold total.

Need quick cash

Do you need quick cash to pay for a repair or something else? here is some useful tips on how to make a quick buck or two.

1. Go kill low level food providers. Monsters such as boars, murclocs, crawlers drop low level foods such as clam meat, boar meat crawler meat, and the occasional pearls.
2. Farm low level instances for cloth, greens, and give runthroughs so you have more bag space. Find lowbies that need scarlet monastary or ZF run them through for free with the clause they pick up all the loot. Any greens they dont need for an upgrade is yours also all the cloth. You can either give them the blue boss drops or take them for resale. AH most of the loot you get and you should make good profit with only killing while the lowbie loots.
3. If your an enchanter running strat and scholomance killing all the bosses in both sides of strat and scholomance will get you alot of enchanting mats. If you have crusader make the scrolls and sell crusader enchants. Disenchant the loot for mats sell off the dream dust and illusion dust. The greater essence is good to sell also. Keep LBS and Righteous orbs for crusader. Also rune cloth can nab you a good bit of gold or you can craft items if your a tailor to DE and sell.

This is just a few tips why don't you guys share more in the comments. Also for the typos this was done in 5 minutes.

Diary Entry: Starting out

So i've started my quest towards making 10k gold. Here is the a picture of my guild bank tab starting out.

I have a few herbs which if i can find cheap frost lotus ill make some flask. Also as you can see im sitting at 3.75k gold which is a good start. I plan to make the netherweave into bags to sell and have my cousin cut the gems in this tab to sell. Also ill be using auctioneer to bid low sell normal. I hope to break 5k this weekend maybe even 6k if the bag market is hot. I hope to use netherweave bags as my main source of income so my gold will fluctuate as i buy netherweave to supply my bags. This morning i made 600 bolts of netherweave which cost me around 1k gold. I shouldn't need any more netherweave for a while however it may be worth my time to buy it up to keep my competition from having it. I hope this entry is informative into more of what im doing please comment with critiques or ideas on how i can improve my methods.

Diary Entry: Goals

So I've decided to setup a diary about the main method I'm using to make goals. As an after thought I also decided that i need to be motivated to pursue this. I needed to set some personal goals. The first goal i decided was that I wanted to break the 10k gold mark.

The reason I chose 10k was I hear its the hardest goal to attain. This is because most people have buy to have what i call the most needed 3. Which are Duo spec, Cold weather flying, and epic flight. While I do agree these are great to have they are not needed well except Cold Weather Flying. However, Most of my toons have Duo spec and only one is missing cold weather flying. As for the epic flight I have only one toon that needs this. I plan on using his goal of getting Flight form at a later date with only that characters professions as a series of diary entries. To get my entries started I'm going to have a post with my inventory and current gold amount. This will allow me to document the ups and downs of how my task is going better.