The Economy
Written on November 8, 2008 – 7:04 am | by wowpower1
World of WarCraft functions on a free-market economy. This means that prices vary based on demand and supply. If you watch prices over a period of time in the auction house and trade channels you will probably notice differences in prices for similar items. You might also notice a difference in prices across servers. Here are things to consider when entering into the market:
* Most likely you will receive all your best wow gold items from quests and as rare drops. You can also buy rare drops from other players. For this reason, you probably should not waste your money buying weapons and armor from vendors. They sell prices for four times their buy back rate and they usually only carry white to gray items with few special features. You will almost always get better wow gold items from just going out and playing the game.
* When looking through the Auction House(AH) to buy items, see what the items might be going for in the trade channel(TC), or what they sell out as near the end of the bidding process. It’s good to go over to the Auction House frequently to check up on items you’re thinking about buying just to see the going rate so you do not overpay.
* When selling items in the TC or AH, it’s a good idea to start your price a little lower wow gold than the other auctions currently on display for the same item. Perhaps even placing a lower maximum bid if you choose to provoke people to bid on your item instead.
* If you notice that an item usually sells for a common final price, place that as your maximum bid in the AH, you’ll usually be able to sell items faster that way.
* For items you’ve never seen before that you’re considering selling, place them in auction for the longest period of time, and try to wait until the weekend. This will allow the most wow power leveling amount of exposure and a higher chance of someone buying it.
* Item inflation does exist in the game and sometimes there are so many of a single item available that you cannot sell it. If you already have this item, you can save it until the market changes.
* I suggest if you’re creating items through a profession and don’t need to level wow gold up the skill immediately to only create rare items and items that require a lot of different materials (mats) to make. Also create items you don’t usually see being sold in AH or TC or ones that always sell. This way you will only make marketable items and your chances of a sale are hightened.
* Vendors buy back items for 14 their worth. This is a good estimate indicator of an item’s value. You can usually sell wow power leveling items for at least 2x the vendor buy price, and it would be ideal to sell an cheap wow gold item for 4x the vendor’s buy price. Try not to sell anything for less than 2x the vendor buy price though.
* Unless an item is exceptionally rare and hard to get, try not to buy an item for more than 4x the vendor’s buy price.
* Sell your materials in max stacks. So if you can hold twenty linen cloth in a single stack, try to sell linen cloth in 20’s. Usually with materials, large quantities sell faster than small quantities.
* If you do not know a vendor’s buy price, you can usually find out by visiting the ThottBot website.
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