The Trade Channel, The Act of Direct Trading
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
The Network
After sometime, you’ll know who’s into what.
You may even gain profit by line up supply lines. E.g. Buying Leather from Farmer, and selling them to leather-work crafter. Keeping the network is an hardwork, so i didn’t do this myself, but knowing who’s into what, can give you a sense where the profit is.
Knowing where the money goes will yield you a lot when the market shifts.
Citation:Talk is cheap, But Information and Networking are not.
- Zekta
While this post is written, there are similar article on the topic at
- Seth@OneCopper had his Tips on this post, While my posts is on “Why”, his post is about “How”. Definitly worth look into.(I had been drafting this post for weeks , seems the trading world is not so big)
- wowinsider about trade channel for rookie, (which of course is different from what we discussed here)
Tags: Pearls of Traders, World of Warcraft, Wow Econ Research Project
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May 22nd, 2009 at 7:56 pm
Very nice post, I enjoyed reading it.
The Why is an approach i never thought of, and sits very well. Also the “Who” part is very interesting, to see who uses it and why. Most certainly one of the better posts i’ve read this week!
great info!
Grtz
Seth
May 28th, 2009 at 10:42 pm
@Seth
I just like to mumble about why people do such do such sometime XD