Today we at the WoW Street Journal bring you this week's Hot or Not by staff reporter Cathy C.
WHAT’S HOT & WHAT’S NOT
I have another category called "cooled" items since some items are still popular but the price has dropped somewhat.
Frost Lotus
Hot – The price of the Frost Lotus did not increase until the second week after the patch. I attribute this to raiding schedules. Most people in the first week after the patch were busy with their duel spec, the Argent Tournament or making goldJ
Glyphs
Cooled - Initially, my husband was making $1,600-$1,800 per day making and selling glyphs and is now making $600 per day. It was much more work than Chris anticipated with keeping up on the herbs and he had spent a ton of gold on the Book of Glyph Mastery.
Book of Glyph Mastery
Cooled – Prices on the books have dropped to about $400 on our server from a whopping 1-2k. Although they are popular as all Scribes want them, there’s something like 61 new Glyphs to get. Unless you are fortunate to get them in a Naxx run or have a guildie pass one your way, it gets very expensive to collect them. Hubby was fortunate enough to get 3 from Naxx. He has purchased about 15 of them and so to avoid replication of glyphs within the guild, they allow him to loot this item. So, try for some Naxx runs.
Flasks
Hot – With more people raiding I am selling tons of flasks but only make Endless Rage since it appears to selling the best. Tuesday, Wednesday, Thursday seem to be the best nights and I generally sell about 30 flasks per night if I’m available to continually place my flasks up in the AH.
Herbs
Cooled - It appears herbs, other than Lichbloom, are beginning to cool as inscribers perhaps are selling less glyphs. Icethorn has dropped in price and is a good one to purchase as a Northrend Herb to mill and exchange the Ink of the Sea for other inks you may need.
Gems
NOT – I know Mille mentioned in a previous post that she is making gold from gems, but for me I was having too many gems returned. I absolutely agree about strength gems that they are the top seller for sure. My expectations were probably too high. Prices didn’t pop up and there is a lot of undercutting. So I’m sticking with making the new PVP neck and ring pieces which I’m selling periodically. This at least frees up on my bags of some of the less valuable blue and green gems.
The new storm gems are bringing in a pretty penny for about 500g each.
Leatherworking (General)
NOT – Upon speaking with an experienced Leatherworker, I was advised there was little gold coming in from this profession. The price of heavy leathers has dropped and really not worth farming. Perhaps as new patterns from Ulduar appear there may be mats that will take a hike in price and need. He advised me that Runed Orbs were not in circulation as yet and a requirement I believe for most the Ulduar patterns.
Blacksmithing
NOT - From what I can gather again this profession is not a big money maker and is in the same position as Leatherworking that perhaps sales will increase as mats become in higher demand.
Showing posts with label Cathy C. Show all posts
Showing posts with label Cathy C. Show all posts
Tuesday, April 28, 2009
Tuesday, April 21, 2009
The 2-Hour Crazy Lady
By staff reporter Cathy C.
Yes that’s me!! For two hours, a couple of nights per week, I stand in the Auction House with my multitude of flasks (my HOT item). You should start heading to the AH around 6:00 pm. Presently, Endless Rage is just that ..endless. None of the other flasks are doing nearly as well in price and sales.
Where to Start:
Firstly I will do an item search for my flasks. What’s the price? How many sellers? Are there any flask spammers with 50 flasks up? With all these questions answered, my first decision will be whether the price I’m using to maintain the lowest bid is profitable enough for me. If it isn’t and the prices are too low and too many flasks listed, I’ll either check back later or hold off until another night.
For tonight, lets say it was a prime selling situation (since it actually was). The price point was perfect, not an over abundance of sellers or flasks. Since I am in competition with my husband, he takes the 5 stack approach and I take the singles.
Next Step:
I will take my first 2 flasks and undercut by about 10-25 silver. While I wait for the first couple to sell I give shout outs for other items in my bags that I’ve crafted from Jewel Crafting. Within a few minutes the first 2 are gone and I replace them immediately with 2 more. Now, if one of the other sellers is checking periodically on the Endless Rage situation, he will just see the same 2 flasks I’ve had up with the same price point. Later, he may undercut thinking he is safe, but immediately go just a few silver lower with two more flasks and remove the other two you had listed at the higher cost. This happened to me 2 or 3 times this evening but I just keep slightly undercutting. As long as I was still comfortable with the price point, I was in the game and kept my sales moving. Most of the 2 hours I would simply replace the 2 flasks without issue. With Ulduar raiding starting to rise, I was selling them probably every couple of minutes at times. Shortly after 8 pm things will die off. I sold about 40 flasks this evening in about 2 hour period with little variation in my price.
Final Step
I certainly realize this particular strategy would make many people cringe. It takes tons of patience and is not for everyone but I like the excitement of seeing my stuff moving so quickly and staying on top of the sales for that night. Most important thing to remember is to call it a night if someone undercuts by a ton. The time you spent in farming the mats has value so don’t sell yourself short.
Additional Tip: Always have an Elixir Master make your flasks so you can enjoy the procs.
Yes that’s me!! For two hours, a couple of nights per week, I stand in the Auction House with my multitude of flasks (my HOT item). You should start heading to the AH around 6:00 pm. Presently, Endless Rage is just that ..endless. None of the other flasks are doing nearly as well in price and sales.
Where to Start:
Firstly I will do an item search for my flasks. What’s the price? How many sellers? Are there any flask spammers with 50 flasks up? With all these questions answered, my first decision will be whether the price I’m using to maintain the lowest bid is profitable enough for me. If it isn’t and the prices are too low and too many flasks listed, I’ll either check back later or hold off until another night.
For tonight, lets say it was a prime selling situation (since it actually was). The price point was perfect, not an over abundance of sellers or flasks. Since I am in competition with my husband, he takes the 5 stack approach and I take the singles.
Next Step:
I will take my first 2 flasks and undercut by about 10-25 silver. While I wait for the first couple to sell I give shout outs for other items in my bags that I’ve crafted from Jewel Crafting. Within a few minutes the first 2 are gone and I replace them immediately with 2 more. Now, if one of the other sellers is checking periodically on the Endless Rage situation, he will just see the same 2 flasks I’ve had up with the same price point. Later, he may undercut thinking he is safe, but immediately go just a few silver lower with two more flasks and remove the other two you had listed at the higher cost. This happened to me 2 or 3 times this evening but I just keep slightly undercutting. As long as I was still comfortable with the price point, I was in the game and kept my sales moving. Most of the 2 hours I would simply replace the 2 flasks without issue. With Ulduar raiding starting to rise, I was selling them probably every couple of minutes at times. Shortly after 8 pm things will die off. I sold about 40 flasks this evening in about 2 hour period with little variation in my price.
Final Step
I certainly realize this particular strategy would make many people cringe. It takes tons of patience and is not for everyone but I like the excitement of seeing my stuff moving so quickly and staying on top of the sales for that night. Most important thing to remember is to call it a night if someone undercuts by a ton. The time you spent in farming the mats has value so don’t sell yourself short.
Additional Tip: Always have an Elixir Master make your flasks so you can enjoy the procs.
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