Do not lose Focus! Auction House PVP

This is my submission to Cold's Gold Blogging Carnival, for the month of June. If you have not checked out Colds Gold Factory or GoldGrub's Goblin Academy yet please make sure you do for some great WoW Gold-Making tips.Also make sure you check out the Auction House Junkies Podcast Put on By Cold from Colds Gold Factory and Wes from Capped By Cata.

How much time do you spend focusing on your competition? Are you constantly watching what they are doing, when they log, when they post, what other markets they are in? Do you find yourself constantly cancelling auctions and re listing based on what they do on the Auction house? Could this actually be hurting you?




Let me tell you a real life story that I feel relates to the Auction house and your competition. A few years back I was a manager of one of the big three pizza companies.We were doing well, the crew was having fun, and sales were on the rise, So much so that our major competition, another big chain,closed their doors. Boy was that a rush! We shut them down and at the same time reaped the sales growth from crushing a big competitor. Can any of you relate to that in one of your Gold-Making markets? A competitor that you pushed out or maybe they transferred, left WoW, or whatever happened your competition is no longer there. We will say for your own pride sake that you pushed said competitor out. So what happens next? You set your eyes on you next major competition of course!


In my real life story this was exactly what I did, after a few months of getting sales under control and manageable, I was ready for the next guy. The next pizza shop down the street. I was going to crush them like I did the last and continue my rise to dominance in the pizza market.



This is where everything started falling apart though,While I was focusing on the first guy, and starting to focus on the next, a few other big pizza shop players moved into my market that I didn't even see coming, that coupled with the fact that I had been neglecting things in my own store, Marketing opportunity(or in the case of WoW other Markets,Barks,etc), trouble with my employees(Suppliers,White Lists) Cleanliness (Guild Bank Organization) I started to see my sales decline, I was lucky enough to have a supervisor pull me aside and explain that its great to focus on your competition and know what they are doing or even try to plot the next move they might make, but if you are spending more time worrying about them instead of your own store then you are being counter productive and things can spin out of control very quickly.


To sum this up in the WoW markets and on the Auction-House you need to make sure you know whats going on with your competition, but you need to make sure that its not taking up all of your time, make sure its not hurting you in any of your markets,make sure that you are not undercutting so much that you are taking a loss just to prove a point, and make sure you are staying in control.

Then when the time is right, Make your move, crush them, and watch your back, because trust me the next Auction House superstar is gunning for you!

The results of what if you sold it all?

As Yesterdays post stated, I was going to drink a Potion Of Treasure Finding farm for an hour and see what my results were if I sold all the non junk on the auction house. So here are the results of my little test. Please let me know if you try this yourself on your server and let me know your results too.


14 Tiny Treasure Chest
The breakdown on the chests were as follows.
1. 3g20s84c-10 Embersilk Cloth 5 Volatile Water 1 Volatile Earth
2. 2g45s18c  1 Elementium Ore
3. 4g21s35c  1 Volatile Water
4. 2g26s39c  4 Embersilk Cloth
5. 4g74s62c
6. 4g86s85c
7. 4g64s7c    6 Embersilk Cloth 2 Elementium Ore 3 Volatile Fire
8. 4g28s81c  8 Embersilk Cloth 3 Volatile Earth
9. 4g35s82c  10 Embersilk Cloth 1 Volatile Water
10.1g92s21c  5 Volatile Earth 2 Pyrite Ore
11. 5g45s33c 1 Pyrite Ore 1 Volatile Earth
12. 4g58s96c
13. 3g67s32c 10 Embersilk Cloth 3Volatile Fire
14 4g 44s 55c 4 Elementium Ore
Total gold received from Tiny Treasure Chest was 55g12s30c

Junk Items that got sold to the vendor
Efflorescing Shards x40 9g99s60c
Hoary Crystals x178 34g81s68c
Pockmarked Cloth Shoulder Pads 1g10s57c
Melted Cleaver 5g57s77c
Robble's Wobbly Staff 5g17s77c
Dirt-Caked Shoulderpads 1g41s84c
Total gold received from junk 60g09s43c

Next on the list are the Green Items, I only had two that I had to use Auctioneer prices on which actually makes me think that since they sold so fast I may have been able to list at a higher price but I took the Auctioneer price and added 10-20g to Each and listed them.
Sundown Helm Of The Zephyr 77g22s54c
Stagalbog Jerkin Of The Stormblast 67g99s29c
Mosshide Shoulders Of The Monkey 59g68s99c
Yojamba Waistband Of The Bandit 41g94s68c
Rethban Pauldrons Of The Soldier 67g13s78c
Baradin Cord Of The Invoker 49g83s55c
Angerfang Greatsword Of The Earthshaker 85g16s63c
Razorwind Sword Of The Stormblast 68g22s99c

Total Gold Received from selling the green items was a very nice 517g29s45g
Lets add that up with the Junk and the Gold From Tiny Treasure Chest
and we are already at a total of 632g51s18c
Now for our final section, The Ore, Volatiles, and Cloth. I looted 33 Volatile Earth in Addition to the ones that I received In the Tiny Treasure Chest so lets start with those.
Volatile Earth 417g22s91c
Volatile Fire   75g03s18c
Volatile Air 106g94s0c
Volatile Water 28g52s58c
Embersilk Cloth 58g42s30c
Elementium Ore 11g58s10c
Pyrite Ore 18g71s25c
Total for these items adds up to 716g43s99c

Add that up with our other totals not counting a 9g Repair bill since it was paid for by my guild
and you Gold-Making per hour or GHP for this run was Drum roll please 1348g95s17c
Wow! Do you remember how long it used to make 1300g back in the days of Vanilla? Farming may not be your thing, but I think this at least shows that if you are tired of staring at Trade-Chat or the Auction-House and want to get out and see some of the world that you can still make some decent gold.

If anyone would like to try this and leave your results in the comment section, I would love to see them

Check out the other blogs, while I get started

 This is not your average first post on a blog about gold-making in the World of Warcraft, But I feel it is appropriate to thank a few people for helping me get started.

I have to admit that I don't get to read all the gold blogs out there and two months ago when I started play WoW again, I didn't even know that gold blogs existed. It wasn't until someone mentioned The Undermine Journal in trade chat that my eyes were opened to a whole new world of gold-making. That being said, I am not new to blogging as I have done it in the past on a variety of topics, and I am definitely not new to gold-making or the auction house game in World of Warcraft. A little rusty, yes, but not new.
 
You can see to the right under other useful resources a few blogs that I read as often as possible, If your gold-making blog isn't listed its nothing against you or your gold-making tips,the people listed have been selected because they have been consistent in their content on gold-making, they have a writing style I enjoy, and they have made themselves available when I have had questions on either gold-making or blogging.I only have so much time to read gold-making blogs each day and these are the ones I try to keep up with.
 
My hope is that I can bring something new to the table on making gold and being a goblin in WoW, but honestly a lot has been covered, and repeated over and over.A perfect example of this is selling vendor recipes on the auction house which Power Word:Gold has a great article on Parking Unused Characters for profit,or even cross-faction trading, also know as arbitage which was the topic of Cold's gold blogging carnival for April over on Cold's gold factory. I may even write a post about those too, but maybe I can bring something new to the topics.
 
I may not always be right, I may go against the grain on what some of the other gold-making blogs suggest, but I promise to always be honest and provide ideas that are making gold in WoW for me. If you see in any of my posts where I can improve my gold-making by taking it down the line a bit more,by either crafting,disenchanting,milling,or even flipping let me know.There is still a ton for me to learn about being a goblin.

Please check out the blogs listed in the other useful resources section, you wont be sorry! They are all great and provide excellent gold-making tips.

My gold-making tip of the day is flipping Goldthorn, It can often be found on my server from 2g to 10g each and consistently resells for 25g to 30g each. If farming is your thing, check out Arathi highlands.