Thursday, September 24, 2009

Big money

Last night was one of those strange nights where everything on the AH was overpriced (except Runed Cardinal Rubies…go figure). Infinite dust was actually selling for a while at 10g50s per and even when that fell through, I was selling them at 6g per. Eternal Water was sitting around 18 a piece (that was more a frustration than anything else), belt buckles sold solidly all night around 45g. It just so happened that I went through several stacks of green gems to start the night and therefore had my finest day so far. In the end I was at 900g profit after restocking. That brings my gold total to 2546 as of this morning.

I’m starting to rethink rare gems. They simply don’t sell fast enough to be a big deal. I’m doing better selling them uncut than cut .Maybe I’m using the wrong cuts, but the Smooth and Bold cuts have always been useful and you’d think they would move, but they don’t. I put up five and sell maybe one. I think I’ll switch to just putting up 1-2 at a time and restocking it when it sells.

Also this morning, Grunty the Merloc Marine showed up in my email. He’ll get a chance to shoot some stuff in ToC at the raid tonight.


Anonymous Anonymous said...

Never been a fan of rare gems myself. Besides, that market is far too mature at this point. Epic is where it's at.

September 24, 2009 at 8:29 AM  
Blogger Morgraan said...

Yeah, but what do I do with all these blue gems?

September 24, 2009 at 7:52 PM  
Blogger Sarainy said...

That's a good point Morgraan. While rare gems seem next to useless now, there isn't really anything else to do with them.

It's not even normally cost effective to craft the JC items that use them, because they don't sell well anymore - and they disenchant in to dream shards which are dirt cheap.

Seems the best thing to do is to just sell them on.

Unless anyone else can figure out what to do with them!

September 25, 2009 at 2:34 PM  
Blogger Pikuin said...

It must be my server, but I'm having no issues with rare cuts.

I'll occasionally post 2 of each profitable rare cuts every few nights (JC is now my supplemental income) only to come back with 600-800g in sales the next day (not including epic sales and metas)

Often, I'm the only one selling them.

If you're that disappointed in the rares, unload them. People like me are always checking for a good deal.

September 28, 2009 at 11:08 AM  
Blogger Pikuin said...

Also, Thursday night to Sunday night should be your target sales activity.

I'm generalizing, but casual gamers aren't fond of dropping extra gold on a few extra stats when rares will do just fine.

September 28, 2009 at 11:13 AM  
Blogger Morgraan said...

Admittedly, part of the problem is a lack of cuts on my end, but that can't be the entire issue. Rare gems just move very slowly on my server. I'm thinking about unloading them uncut for a little bit to see how that goes.

September 29, 2009 at 7:24 AM  
Blogger Gibbiex said...

+hit and +haste are my stock in trade. The rares are just ahuge profit margin. I buy for 15g or so and sell for 50-60g, I will typically sell 10 a week or so. The profit margin in terms of straight gold is just as good as the epics, and they sell more. Everyone has a dps spec or dps alt that they poor +hit into to make them do decent dps in raids. My friend opened my eyes a while back "there are no +hit gems onthe market!" and ever since then its been a steady cash cow.

Dont ignore the constant revenue streams in favor of the strike it rich stuff. You may get 100g profit from an epic, but on our server (low pop) its just hard to move the epics in a timely fashion, and most of the time now the markets are very depressed, unless you can get your raws from another source you are better off investing in something with better ROI.

For example, people post the uncut gem at 200g and cut gems...epics mind you, sell for less than that. Its just criminal. Either dont post for so little or dont buy for thatmuch. I'd rather not enter the market than make only 10g or so.

October 14, 2009 at 2:48 PM  

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