Knowing Your Markets, and How To Post!!

      (In these two screenshots this is the same poster and they made about 5 pages of each item)

   In this post I want to discuss “How to Post Your Auctions.” First things first like always we want to run a scan of the auction house like we always do. How to do a scan is covered in an older post I made about Using Trade Goods For Profit!! Also be sure to check out the comment section where Kammler from Kammler's Korner made a few good points about scans. And also covering how to set up your “auto bid” and “auto buy.”

            After your scan your ready to post your items at this point most players have Auctioneer or Auctionator if you’re unfamiliar on how to use them effectively check out Just My Two Copper: 22 Steps to Using Auctioneer Correctly. Very great how to guide also it gets you right into gold making from the start.

            Now lets move on to the meat and potatoes of this post. What I want to cover is not flooding your market you’re in. When I say, “flooding the market” what does that mean? Flooding the market is basically taking all your (lets use Iron Bar) Iron Bar and selling it in the auction house at one time. Better example lets say you have 200 Iron Bars and post all of them signally. Now lets take a look at how that will affect your market.

Now if you post all 200 Iron Bars in stacks of 1 you’re saying “I’m dumping my stock.” Which this is bad in few ways one you could have made a mistake and not known that and priced it for less than what you wanted. And then you get someone that flips the bars for profit and buys all your bars and resells and makes a profit off you. But that’s what we want to sell the item right? Yes and no. Yes we want to sell it, but no we don’t want to sell at a loss of profit, and have someone make a profit off of you. So the lesson here is make sure to double check your prices before you press post.

 

The other way selling 200 Iron Bars can affect your market is. Lets say someone comes behind you to sell there bars and sees you have 2 pages of Iron selling individually, so they follow your trend and dump all of theirs which they have 60 Bars. So not only did they undercut you 60 times they just dropped the price of the item. And then someone else does the same thing by posting all their items individually and drops the price and undercuts you. So do you see the pattern here that is taking place? We don’t want to sell all of our items at one time its Supply And Demand (another great post from JMTC). Basically you want to give the impression that there is not that much supplies so the players will buy at the price your making. Now I’m not saying buy everything out and post at outrageous prices because that won’t work you will just end up losing gold.

So when your posting there is nothing wrong with posting 5-7 single items, but then also post a few in stacks of 3 and stacks of 5 and 10. And pay attention what is selling if you notice the stacks of 5 selling faster than the other stacks. Then post more of the stacks of 5 and less of the others. You will find that you will make more gold this way and end up saving more in the end.

If you have any questions you would like me to post about a question you have feel free to email me at xandersgold@hotmail.com. If you’re looking for a Coach you can also email me and I will send you information.

XanderEragon