It’s been about three weeks since I posted my last update and as you can see things are still going very well for me. I’ve surpassed 160k total value but have only just recently begun to branch out into new markets. Until quite recently I had focused solely on Enchants, Bags, glyphs, shoulder inscriptions, and to a limited extent, gems. But I’ve branched out into threads, leg armor, and flasks recently as well. I also sell whatever herbs, ore and whatever other miscellaneous items I happen to come across.
The gem market on my server is extremely saturated with a majority of sales going to the the auction house squatters. I sell a limited number of gems, but make most of my gem related gold from Primal Diamonds — either cut or not.
If there’s a worse market to be in on my server its the glyph market. Blizzard did a true disservice to Inscriptionists when they made glyphs permanent because they all but killed the market. Glyphs now sell at such a slow rate that a very small number of auction house squatters can completely saturate the market, whereas it takes a slightly higher number to saturate the gem market. On my server the glyph market is pretty much tied up by one individual, who I kid you not, is online upwards of 20 hours per day. I don’t care what day it is, he’s online and undercutting everyone almost as quickly as you can post yourself. Virtually all of my glyph sales come from the morning hours when I get up at 6am to get ready for work and I relist what was undercut over night. Honestly I’m working my way out of the glyph market as quickly as I can because glyphs are just too much of a hassle to bother with.
Shoulder inscriptions are very competitive too, though I do tend to sell several in a given week these days. I had attempted to sell inks in addition, but ink sales are too spotty to bother with as far as I’ve experienced. I did make on massive sale of Starlight ink once, where I sold 50 at 75g each. But outside of that I was selling something on the order of 2-3 a week. I sell more Shoulder inscriptions per week than that, so all my ink these days are going to the epic and rare shoulder inscriptions.
Enchants are probably one of my best selling items, and I keep the auction house well stocked with enchants from each of the expansions. I’ve been pretty successful unloading more than half of the enchants I created leveling the profession a few months ago and every few days I’ll load up the auction house with a range of popular enchants from MoP. Pretty much everything sells so I don’t put a lot of effort into tracking anything specific in this category.
Bags are another category that sell relatively well, though some of them like the Netherweave bag aren’t huge profit makers. I can sell a great many Netherweave bags however, so in total I do make decent margins off those. I’ll do limited farming for Frostweave bags, or relist those on the auction house that are underpriced as the case may be. Embersilk bags are more difficult to make, though the margins on them can be substantial. I don’t go out of my way to make those but will relist if an opportunity presents. Thus far I haven’t bothered with any of the other bags.
Flasks are a tricky market and the source of much consternation. I see dozens upon dozens of flasks being sold on the market every day for less than the cost of the mats. For less than the cost of a Golden Lotus alone, yet occasionally the glut clears and opportunity presents to do price resets. I think I’m sitting on about 8-9k gold of flasks in my inventory right now just waiting on the next such opportunity. And whenever I start accumulating flasks in inventory I’ll start selling the raw mats instead.
Threads and Leg Armors offer good margin, though low volume. Either market is worth investing in on my realm, though its not something I’d depend on to make my fortune.
I’m still figuring out what sells and what doesn’t, so I expect I’ll be branching into additional markets over time. However I’ve found it equally important to know when to be active in the auction house and when not to be. Auction house squatters can active at any point in the day but in the last six weeks I’ve found I do more sales in the late evening/early morning than at any other point.
During the work week I’ll usually jump on and relist around 6am, after I’ve gotten ready for work. Then, after I get home in the late afternoon I’ll jump on again and re-list just before dinner. Its at that point where I’m usually looking to purchase and relist. After that I usually stay off the auction house because prime time is when most of my realm’s most active auction house squatters are active and the relisting action can get a bit on the crazy side. Just before I go to bed in the evening I relist everything again. During the weekend I’m usually pretty active in the morning and early afternoon, but will fall back into my work week pattern after that for the rest of the day.
So the activity on the chart above reflects a relative minimal time investment and virtually no farming. I know I’m not being anywhere near as efficient as I could be, nor as active in the markets as I would like to be. But going from 300-500g profit per day to 6.4 k gold profit per day is something I’m pretty happy with.