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On the fourteenth episode of the Molsan Method podcast, I found a mid-level Tailoring recipe (Cloak of Frozen Spirits) that I’ll be using to try and make some extra gold in World of Warcraft. (5:24)
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On the seventh episode of the Molsan Method podcast, I talk about my predictions for World of Warcraft auction house prices on trade goods purchasable with Frozen Orbs (3:24).
I was alerted of a severe underselling of one of my go-to items while performing a routine scan of the Auction House this weekend. The price on Huge Emeralds was extremely low and I decided to buy up everything for resale. While I was excited to see the potential profitability of cornering the market with this item, I was disappointed only to find eight Huge Emeralds for sale.
Timing is Money, Friend
Timing is once again key when making this kind of decision. Quoting myself, if I may, from my last article:
Identifying the item is only the first step. You will need to time your purchasing of the items when there is just enough of an abundance where sellers are undercutting each other, but not saturated enough to the point where supply overwhelms demand. All I can say is this just takes a combination of experience from attempting this process on your own, scanning and observing auction house trends, and having an intimate knowledge of several crafting professions.
You can’t always predetermine the item you’re going to corner the market with. You will need to build up an arsenal of knowledge of items to monitor and strike hard and fast when you see an opportunity.
Read on to see the results from this week’s experiment.
One way to make some quick gold on the auction house is to corner the market. The risk/reward for this method is very high, but, if done correctly, can be extremely profitable. I hope to turn this into a weekly series where I choose a different item each week and report on the profitability.
How to Corner the Market
The goal here is to find a particular item, buy all of it low, and resell all of it with a decent markup. You will need to take many factors into consideration when doing this so you don’t get stuck with an item.
What to Avoid
You’ll want to stay away from items that can be farmed up with little effort. Copper Bars, for example, are a bad choice. Unless you time it just right and find someone power-leveling Blacksmithing, Engineering, or Jewelcrafting, you’re going to be stuck with these. There are usually a few pages worth of bars already on the auction house, and it can be expensive to buy up the market’s share of Copper Bars. I’ve tried this before with Tin Bars and it didn’t work out so well.
Read on to see the results from this week’s experiment.
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