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  • Day Two
On Day 2, there were slight changes. My ink cost was significantly reduced due to the fact that my Snowfall Inks sold, therefore my net profit rose...a lot.

The day started with the posting of another 500 glyphs, my second batch. I have to admit that I cancelled-undercut a bit more than I did on Day 1, and perhaps that's why I got better results too, along with the lower ink cost.

Summarising day 2, I can say I tried a little harder and it paid off.

Results

The results were certainly positive. At the end of day 2, here's the net profit:

(Bear in mind that this is day 1 and day 2 combined. The result of day 1 was 2,041g. Therefore, the result of day 2 was 3,951g.)
Now, let's analyze what I did during these 2 days, and how you can do it too.
You must be willing to spend 1-2 hours before actually posting the glyphs. Buy herbs for milling. If there are no herbs at the AH for good prices, just buy the inks. They're usually not very expensive. Use Quick Auctions, always. Go to the AH, type /qa summary and scan data for Glyphs. Anything that sells above your threshold must be crafted. Then, it's just a matter of posting the glyphs, and cancelling-reposting whenever you get the time among your other activities. There's no need to be an AH camper. If you follow these steps (anyone can do them, and you don't need to play 24/7, like I mentioned before), you're on your way to success. On the other hand, if you follow these steps on my server, I may not be too happy about it!

( /point Nectarine )
Just kidding...!

Now, some answers to the "Part 1" post comments:

Out of interest, how do you have your groups set up in QA?
by Sarainy (hey, free link love ^^)
I would tell you, but to be honest, my competition would love to know too. But it's not really important for me to mention my specific configurations anyway. I'll explain how you should config your own. Basically, your threshold (the minimum price you sell your glyphs for) should be a bit higher than your ink cost (this topic at JMTC should help), say 1g or so above your ink cost. The undercut value is up to you, but usually a few copper/silver is okay, and that's what everyone uses (except Goblins). The fallback value should be high, but shouldn't seem like an outrage. Usually 35-45g is the way to go, but you may find yourself pricing it differently depending on what people on your server are willing to pay (some are willing to pay more than those values; some would think they're way too high), which you will only find out after you try several different prices. About the auction time, 12 hours is what I use (and I guess everyone else does too, because of all the undercutting that happens on this market).


Can't wait for day 2!!! Yesterday I just start leveling my Inscription and ended with 100 auctions (and I'm not lvl 200 skill yet!!).
by Raddik
Not bad. Keep it going, and you'll be amazed on how many auctions you post when you've got most or all the glyph recipes ;)

Published by Blackwolf Thursday, September 17, 2009

5 opinions

  1. Metatron Says:
  2. Make some experiences with your fallback. In the beginning my fallback was at 45g and then I went each week 10g up and now I am selling a lot of glyphs for 75g. Just make some testing

     
  3. Sarainy Says:
  4. Thank you for taking the time to answer my question Blackwolf, and for the link love ;)

    Can see why you wouldn't want people to know your exact settings, although surely they could keep making 'tests' to find out your limits?

    Much appreciate the quick rundown on how you set things up though, helps a lot.

     
  5. Blackwolf Says:
  6. They could make some tests, yeah, just like I can do some tests to their settings too. But that is unavoidable and I rather make them work for the info than giving them the numbers straight away :)

     
  7. Anonymous Says:
  8. I personally have set a pretty high threshold, ranging between ~10-15g. I don't spend as much time as I used to with Inscription so I try to sell for as high as I can. I lose out on a lot of profit but that way I don't have to mill quite as often. It's only at times when ~40% or more of the market dips below my threshold that I lower it (which is what is happening to mine and Blackwolf's market right now).

    And while this is a matter of preference, I've configured my QA to have one group for glyphs that require two inks, and the rest I divide up in class. This way I can fine tune how many auctions of the same glyphs I want in the AH. When my competition has been absent for a while, I can push my DK/Paladin glyphs to say 4 at a time (while keeping the rest of the classes at 2 glyphs).

    Oh and I think you should worry about Miniknips more than me. ;) That guy can be fierce.

    /Nectarine

     
  9. Blackwolf Says:
  10. Miniknips is well known, but I deal with him easily. He's nothing when I'm actually there like I did on this experiment :P

     

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