Phase 3: Profit !

Thoughts and Blogs

Trolls

I had got my first troll, and Gevlon talk about a type of trolls on his posts. I wasn’t expecting any troll on my blog by the time, so I was kinda upset. A nice commenter had show his/her support, I really appreciated that. I understand that on the internet, there are lots of people hide behind the net and harass others. (e.g. the ganker for instance. I am personal against ganking). But I am also rejoice when good people comes by and give you a hand.

BTW, thanks for Cassini for making my “total comments count” even, but I was so tempted to reply you there (thus make it odd again ), You give me an unstoppable laughing for 5 minutes , thanks mate.

Me

And Happy Birthday to me (on 21 May),
Thanks for my parents, and their parents, my Girl Friend… My friends and everyone I know. I love you… umm, well, most of you…

Blogosphere

I am listed on WoWenomics’ resource page, while I was just about to start to believe they forgotten me . Hey, I never been called an IPO, I am glad to be included! Thanks.

My Business

I found that I had little and little time on trading and game, for my lovely girl friend had come back to my city. (My bonny was over the ocean)
Which force me to take more profitable trade (per time) instead of satisify on a steady income. which is a nice thing I guess, the old trading start getting me bored

Market Shift

The 3.1 patches did change a lot, lots of experniced player had came back, trader included. The are much fewer decent deal now. Therefore I am clearing up the Buy Low Sell High Stockpiled goods now. Increased demand and supply balanced themselve on price, so it’s more-the-less do not change, however my selling become much faster as the market is more active now.

Inscription

As mentioned before, I had drop my enchanting and start my inscription career this week. I spent around 1000g for the herbs and inks for up my skill, on crafting glyphs and stockpiled ink for the production (Monday buying spree for the Northern herbs: Especially Adder’s Tongue).

Nice to have business with you, mon

Spamming Channel or Gold panning field?

I know, many people hate channel and I was one of them.
I even /leave trade when my alts first got into city.

But, it’s very different for me now.

End of Spam, Beginning of Gold Mine – The Second Chat Log

I got a second chat log frame solely for chat channel, and get it off the main chat log frame (And this really help a lot, and I recommend on that)
And yes, people will keep spamming it with the same sentience again, again and again.

But once in a while, just once in a while, something very different will happens. I got a [item]Proto-Drake Whelp[/item] for 100g and resale if for 400g the week after. I got four [item]Frostweave Bag[/item] at 40g, while immediate reselling in AH for 68g.

Rusher do announce on the trade channels, when they need for leveling, or get rid of the goods, they annouce in trade channel. And also for the fellow trader wish to get rid of goods.

The Talking

Some people like direct trade since they can squeeze more from the seller. I normally avoid that, since it gives a bad reputation around.  What I do is to ask around if the buyer/seller who are willing talk about it. It’s free for them, but I’ll get to know more about what’s going on.

The Leveling Crafter:

• What’s in demand, why is he buying but not on the AH.
• What’s in need when they raise a certain profession especially when you are not familiar of them.

• And Chances are,

• they’ll need some other goods very soon as well.

The (Rushing) Farmer :

• These poor souls had no other methods for making money, or at least not willing to learn about it
• they’ll keep supply goods when they are in need of money, so forming a COD relationship with them is great. Or at least tell them to look for you instead of yelling at trade channel. If your pricing is right, they’ll probably come back

Fellow Trader or (Long Term) Famer:

• What profession he’s in, and goods that possible will interest him. (E.g. a Epic-Trader will always found interested on [item]Titansteel Bar[/item])
• It’s good to know if ever there are goods I’ll need to get rid of, I’ll know who to ask first

Bye bye Mammoth Cutters

It’s a short update for one of my business. (Since it’s a little short for today post of just for the new column announcement) I am getting out of the Mammoth Cutters; competitor had driven the market to the same price of the maker (only 3g+ per maker, while normally one sold in two days).
(Although the maker still have profit on 5g from materials.)

Occasionally, people talk about, “I own the market”, “I dominated the trade of X”, or something like, “it’s a pvp thingy”. I can understand why they meant for winning and losing, just to add some spicy to the boring trading game, but IMO involving emotion on trade is not a good thing to do.

It’s simple, if there are price war on a business, the profit margin will decrease. Consider the limited amount of time I got, if there is any other thing that is more time-efficient for gold, I’ll switch.

The Mammoth Cutters used to generate 15g per night for 5-10 minutes of work (Travel from AH to Forge included) but now decreased to 2.5g per night. While I have option to sell another extra glyph will cover the loss.

Why Bother?