Title: Auction House Domination – A Step to Become a World of Warcraft Gold Generator
Duration: 0:00
(No Ratings Yet)
Loading ...Views: 4 views
The capital cities in Azeroth are where you can find the auction houses. It’s here that the most potential for profit and loss in Warcraft exists. The reason is the variability in price that you will find in here. One day Mageroyal is 5 silver apiece, the next it’s 10.
It is these variations that give you the potential for profit, and of course for loss. The NPC vendors do not give you a variable price, the amount of Warcraft gold they pay per item is fixed. It’s a fair price, but if you have uncommon or better items to sell, they will rarely give you the best value for them.
If you are considering playing the auction house as if it were a market, then first you need to collect some data. 3G for 20copper ore might look like a bargain, but is it? Unless you have followed the price of copper ore for some time, then you don’t know.
To start with download the auctioneer add-on. Once installed, this tool will run a full scan of the auction house at the press of a button. Collecting the price for every item it finds and storing it. Early in the game just run the scan and get on with powerleveling, don’t bother playing the market yet
If you run this scan once a day (or once every two days) until you have run it about 10 times, you will have a good idea of what people are asking for certain items.
The scans will have recorded each item at auction and given them an average asking price. You will see a percentage next to each item now in the auction GUI. This percentage is a ratio of the average price Auctioneer found when it scanned. So 80% is 20% below the average asking price. 120% is 20% above
Using this information, you can make decisions on which items to trade in. Following the simple real-world rule of buy low, sell high.
But I should mention some big shortcomings with Auctioneer.
As I mentioned above, it records the asking price. Not the selling price, it doesn’t even know whether the item sold at all. People can ask whatever price they want at auction. If you’ve seen a piece of wool cloth or similar on for 10,000g (it happens all the time) then this figure will massively increase the average that Auctioneer thinks Wool cloth is worth. It won’t have sold of course (at least not to someone who was keeping within the ToS and actually wanted it) People do this to either move vast amount of gold around, or in the hope that someone accidentally clicks on the item and buys it. The result is the same. Auctioneer’s average asking price gets completely skewed with rogue data.
What should be of more concern though is that the value of items changes over time. New items cost more, and then lose value over time. Blizzard increase and decrease the drop rates of certain things with every patch. A rare expensive trinket you have suddenly becomes very common and its value can plummet. Blizzard also change the stat values and level requirements of ingredients, weapons, armour and recopies all the time. This has a pretty quick effect on the value. If you are holding stock you could be wiped out very quickly.
Auctioneer is a great tool to start with, but it is just a start. It’s not the holy grail of gold making in Warcraft. If you want to be a World of Warcraft Gold Generator then you will need auctioneer, but you will also need a lot more besides.
Do you want to dominate the Warcraft Gold market? The download our free guide. Visit Free WoW Guide Blog to download it. If you just want to comment on this or any other post visit the Warcraft Information Exchange
