Fresh from the fields of blood and glory, I have a story to share.
Sit down round the fire, and let me share the glory of my master sell today.
Utilizing the same principals that I have been harping on you peons about I made 3000 gold while I slept.
How you ask?
Well, little bumpkin, pull upa log.
While scanning the AH, and using the SEARCH function on Auctioneer that I told you about. (You did pay attention right?) I ran across some poor sap who DIDN'T KNOW THE VALUE of what he was selling.
Let me digress for a bit and explain my last emphasis.
If your going to make money on the Auction House, your going to have to understand the value of the things you are buying and selling. The main problem I run into is people who don't PAY ATTENTION to what things cost. I'm not talking about knowing how much every little tiny piece of junk cost so you can buy at 25 copper and resell at 55. Thats called, "Wasting Time".
What I'm talking about is finding out the items that are selling on your server, what sells for the most, what items can typically me made, or resold for a decent profit more often. What are people buying? What is down, what is rising?
Don't think you can figure all that out? Actually, its pretty easy. Once you spend time looking around, reading the actual trades going on in trade chat, and in general playing experience. You can also, and I strongly advise you too, get on The Under Mine Journal. Check on your server and check the hot items list. Look at the things you can afford to buy and resell, look at items related to skills you have, items you know where they are and you can obtain. If you know how to get an item, go get it, if you know a sweet little spot that you realize this item drops in alot, GO GET IT. Know and understand the items your dealing with.
Back to the story
So, as I said; I was doing some scouting on the auction house, decided that I had some time before I logged off, and wanted to see if anything was viable to reselling to the masses. This poor sap put up an Illusionary Bag for 500g. Now if that seems like alot to you, re-read what I wrote about VALUE. The mats for the bag are very difficult to make and if someone puts their mind to it, it will take about 2.5 WEEKS to make just one bag. There is a reason that this 26 slot bag sells for anywhere between 4k-9k depending on the supply/demand.
I saw this and instantly bought it.
I ran to the mailbox, nabbed it, ran back and reposted it for 3.5k. I logged off and went to sleep. Actually I saw that there was NO crystallized water on the AH, so I spend about 20g on some Eternal Waters, broke them up and sold the resulting water for 3g apiece. That was about 1:35 A.M.
When I checked in the morning about 7:45 A.M. the bag was sold and every single one of those crystals. That was a total profit of 4k overnight from both items minus the investment.
Be smart. Pay attention and you'll make some serious dough.
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