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Warcraft Corner

Wednesday, 9 February 2011

What 3 Pieces Of Advice Would You Give A Little Goblin? (3 Top Tips For New Auctioneers?)

This is my entry for "Cold's Gold Blogging Carnival" on the subject of advice for new players or "Goblins" wanting to start on the Auction House.

I am going to write this with the assumption that the said player is already at top level.

If you are at top level then you already have some source of gold income. If you would like to increase your capacity for gold making then these 3 tips will hopefully help you. One tip that goes without saying is that you will need a certain amount of addons. A sales tracking addon like beancounter which is part of the Auctioneer suite will help immensely with the start up.

1) Plan your project
Fail to plan, plan to fail
This is a major part of any idea. You need a plan of action.
  • Know what you are going to sell
  • When to sell it
  • What the costs are to craft the items
  • Set up all your required addons
  • Research it
2) Research the chosen market

As with any good idea research is required. Lets use glyphs as an example but this is the same for any market. If you want to sell glyphs then checking the prices of all glyphs over a period of 3-5 days to see an average with beancounter is the best way to get an overview. This will also help you see which glyphs are selling for the highest price and which are being listed the most. See the two examples below, one is a cheap glyph which is a waste of time to craft the other is an expensive one that sells well.

From this info is obvious to see that some sell better than others and also gives you an edge knowing what to craft first and relatively risk free. This method of research is not 100% accurate but will definately give you a foot up regardless of what market you choose to enter. Check your competitors, add them to your friends list so you know when they are both on and offline.

Check the forums and gold blogs for more information pertinent to your chosen path. They will have some tips for you with regards to addons that make life easier aswell as selling tips for most professions.

3) Stick to one or two markets at the start

Now with the planning, research and hopefully a few sales behind you, you will be feeling more confident. You need to be careful, many "goblins" fall prey to the taking too much on syndrome. If you visit the gold blogs regularly then you will see more and more quick tip ideas. DO NOT try to do all of them. If it fits into your model and plan then by all means go for it. If it does not then leave it alone until you are confident of risking gold in another endeavour.

Thats all I have for you, if you take the time to learn the market that will be your biggest advantage over your competitors. Implement the 3 points wisely and you will have a risk free gold making environment to enjoy.
  1. Plan
  2. Research
  3. Stick to what is successful to start with
Thanks for reading this guys and I am fairly certain taking the some points from all the carnival posts will be very, very beneficial for you new goblins out there. Have fun and welcome to the world of gold making.

1 comment:

  1. Once again good post mate.
    And i am following those 3 advices .