mikelolol wrote:
Some people here talk about disenchanting for profit, well what do you do when you're CONSTANTLY outbid on everything?
Ohmikegod, you say you make about 150-300g of bids everyday on your server. How many of these do you win? Also, you must have been doing this a while, so my more important question is, how many others are doing the exact same thing as you?
I'm getting insanely frustrated, and you make it sound incredibly easy when its not. Bid 50s, disenchant, sell for 1g. It just doesn't work when you have a million people doing the exact same thing. I swear some people on BOTH servers I play on sit in the AH 24/7 doing nothing but outbidding me.
/rant and hope I get some responses.
There are two parts to working the AH for disenchantables: buying and bidding.
Buying is the "sure thing". You absolutely know that you will make gold by disenchanting what you buy. If your percentless amount is 50, then you know that you can double your money, at the very least. Some items might get you more profit, but none will give you less.
bidding is snother thing altogether. I'm outbid often. It's no skin off my nose if I'm outbid,
BECAUSE I GET EVERY COPPER BACK IF I'M OUTBID. No loss whatsoever. I lose about 75% (maybe more) of my bids - so what? I make gold on the things I do get.
Often, when someone puts a low bidding price on an item I want to DE, they put that bid price way w-a-y too low. A bid of 10S on an item that can provide you 60S in mats? Bid 30 instead of 10. Any disenchanter going through the AH for stuff to DE will either have to take a cut in his profits, or lose out to you. ...and it doesn't hurt you if he gets the item - your profit margin isn't being hurt, but his is.
I never stay on the AH to "protect" my bids. That's futility in the making, and a time waster. If someone overbids me, it's either someone who can use the item (and I'm glad for them if they can), or a disenchanter who is making less profit than me (and that's OK with me, too).
Then there's patience. There have been periods when the profits are low. Either items are overpriced, or mat prices have been undercut so much that you can't find stuff to DE at a profit. Those are the times that you have to wait things out. Put your mats up at a reasonable price (
DO NOT TRY TO UNDERCUT THE UNDERCUTTERS), and if they don't sell, just re-list them. Since mats don't have an auction house fee, you lose nothing. Eventually the market will re-balance itself. Something you can do is make the lowest reasonable price for mats that you can make a profit at a "fixed" price. Sell higher than that when the market is booming, but never sell lower than that fixed price.
Edited, Aug 20th 2007 3:45:32pm by ohmikeghod Let me add one more thing. The periods when profits are low are also the times when the get-rich-quick guys drop out. They can't stand a week of nothing happening, so they stop disenchanting. That's a good thing, because they were the cause of the market becoming so bad in the first place. The AH is a great evener - if you can't make gold, neither can they. It becomes a test of patience. Make sure that they flinch first, and then slap them silly.
Edited, Aug 20th 2007 4:03:07pm by ohmikeghod