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Friday, 12 November 2010
Starting To Trade
First thing was the bank alt , nice and simple i leveled a character up to level 10 and parked it at the Auction house . I was also lucky to buy myself a 4 slot guild bank for 1 k so i had room to store all my extra stock .
So the first few things i did . Check my bags on my two Lvl 80s and send over some cash i have about 3k in gold and a few thousands worth of gold in random mats and odds and sods . So these were all sent to the bank alt and posted on the market.
Now at this point i started looking at easy ways to get items to sell, my main two money earners were the following .
Pets : Cats ( Stomwind) Moths( exodar) Owls (darnassus)
Recipes : so many to list but any that have a limited supply recipe is what to look for .
With both of these putting them on the Neutral AH will allow good profits as people are looking for rare pets they cant get on horde site . They retail for under 1 gold and normally sell between 7-10g on my server .The recipes are once again a good investment and see anything from a few gold up to 50g
So also i had decided on a budget of 2k to plow into the market to do basic reselling .
The Auction house
Well the simple rule of trade is buy low and sell high but in the beginning it making sure that you have rolling funds and that the items you have brought are selling .
So first of all i installed auctioneer and did a scan and looked at the vendor search and yes it true people post items under vendor cost so i bought those out and sold off to the vendor.
Next it was onto the resale and then i bought quite blindly items to resell , Ok so this was a bit of a bad idea having no idea of the market or what sells and how well i have found myself with some dead stock .
So at the start i had about 4k of goods now on the AH and about 1k left in cash .
So it was this point i started reading the web and my ideas started to change of the ways to make the gold .