To Control a Market, Or Not Control...

To Control a Market, Or Not Control...

...that is the question.

 Controlling a market is not as easy as some make it sound. First of all, if you actually plan on controlling a market, you need to know the market you are controlling and know it well. Don't try controlling the whole market all at once either. You are probably asking many questions at this point, or have many comments, so let me dig deeper and describe what i am talking about a bit more.

 First you want to watch and research the market you plan on controlling. Check to see how many others are actually in the market a good 2 week study will tell you all you need and using TUJ (The Undermine Journal) helps a lot with this.

 Second of all you need to realize if you want to control a specific market, that you don't want to control the item itself you are targeting, you want to control the source of the item you are targeting, if possible. Don't try to take over a major market try for a small portion of a market first and work your way into the market. It might be better to only control only small portions of certain major markets as well.

 Third is deception. You need to make the item you are controlling seem rare and not easy to get. Don't ever flood any market. What i mean by flooding a market is, over-posting/listing items you want to sell on the AH. Try to keep it to a minimum so that the new reset price you will be controlling seems more reasonable to buyers.

 So now that i have the steps of controlling a market in place let's talk about it more, because this is a set-up for failure. So what do you look for when researching the market you want to control? See the price difference of a 2 week span of whatever market it is you want to control and see who were the main contributors to the posted/sold items. Look out for unusual behavior such as always posting for a certain amounts, even when the average price of the item is much higher. Such unusual behavior shows you right away that you most likely won't be able to control the market because you cannot control another players behavior no matter how weird it might seem to you, you can't do anything about what someone else wants to do. (Learned this type of thought process of knowing you cannot control basic human behavior from Powerword: Gold)

 As far as controlling the targeted market you want to control, let's say gems to keep it simple and in my ballpark of reasoning since i am fairly new to gold making still. So, how do you control this huge constant mass of gems incoming and outgoing? You watch/research the Ore needed to prospect to make the gems and also watch the raw gems. Now in cases such as bots farming ore, you cannot control the ore itself since it is massive enough as is, so your next plan other than buying as much as you can afford, within budget you set for yourself, is to control the raw gems that are needed to cut the gems that are the targeted market. Now this is fairly easy to do with gems, but i assure you it is not an easy task in other markets. I have started trying out Glyphs and even though i joke with a friend that i will control this market i have high doubts that i will be able to succeed. Why do i have doubts? Glyph market has many more items to watch and there is many ways to create the glyphs so to cut off the source i would have to watch all herbs, pigments and inks needed to make all 300+ glyphs available currently in patch 4.3.

 My conclusion to controlling markets is that, it can be done, but is not very easy and in some cases just not possible now matter what the market is due to uncommon variables that can and will occur. So do you research and watch the market closely and make sure you can do it before you jump into it.

Eternal Fire's from Frozo the Renowned

Shannon's Simple Shenanigans

Eternal Fire's from Frozo the Renowned

 Hello again and thanks for stopping by to check out this quick tip to make a few extra gold coming to an end of a funky expansion. These Eternal Fire have been, since Wrath came out, a means for people that have a hard time to make gold, make gold easily. This time the price is off the charts and i found that those beautiful  Titansteel Shield Wall's are made with of course Titansteel Bar's and since we are going to be talking about Frozo my favorite Frozen Orb Trader who indeed sells various Elemental items from Wrath in Dalaran one of these items are Eternal Fire as well as Eternal Earth and Eternal Shadow but as long as i can remember the Fire have always sold for much more possibly because it's more of a pain to farm or for whatever reason this item is sell fast and i am currently still rising the price of them im at 70g each and im buying the Frozen Orbs for around 20g each. If you are a Blacksmith i recomend making these shields as they are currently going for 3k gold on my server. 

 I hope this little tip was helpful and useful. Please remember to sign up for my blog to get more tips as i come up with them and as always remember to check the side bar on the right to see my friends in the gold making community for more tips and strategies to making gold. 

 If you have any questions be sure to send them to me:

Email: Shannonlasell@gmail.com

Follow me on twitter: @shannonlasell

Diary of a Gold Maker: Think for yourself

DIARY OF A GOLD MAKER

Think For Yourself

 Hello all you eager to make gold or you filthy rich gold makers out there. I have something to say that should ring some bells for more experienced gold makers and hopefully shake some brain cells for new eager to make gold players. I know that starting out with little or no gold is hard, and it really isn't as easy as some people say it is, but sometimes it is easier. I am bringing up this long and boring but helpful topic because of the large mainstream popularity of selling transmogrification items. Not everyone is going to make the amount of gold that some people are reporting. I would like to point out that those that are reporting this amount and trying to help others make the same amount to what you are doing should be aware that there are many variables involved.

 You ever see that blog about gold making and say to yourself, "WOW, that is amazing i can do that and make all the gold i want in the world!!!!" Let's stop for a second and logically think about this idea. First we need to always remember and think about the fact that we all play on different servers. Different servers mean many different results will occur such as, a PVP server with high population will have the Tailoring PVP gear much more often stocked on the AH meaning it will be lower priced, which can also cause Heavenly Shard prices to decrease from large competition. This shows that because of the server type it effects several items differently then other types. I don't really want to go into several explanations so hopefully that gives you a better idea of what im talking about in general now.

 So basically when you decide to look up a way to make gold or you just don't know how to start making gold in general i want you to stop and first keep in mind that these blogs and articles aren't going to teach you to do exactly what they are blogging about, but rather give you a large overview of what they are talking about. I love explanations because like im trying to explain in this blog post, not everyone is the same. Now like i said im not just talking to the people trying to learn how to make gold but to the the ones that already have plenty of gold and like to teach others how to make gold. People aren't going to "Learn" if you tell them exactly how to make gold, but when you teach them how to make gold they should, in theory, by the end of all that is presented understand topic and conclusion of the topic.

 Am i boring you yet? Then maybe you aren't ready to make large amounts of gold, because what im saying is you have to find out more than what these people are teaching you. You have to find out if your server sells whatever it was that is that is the main topic and if it sells well or for as much as the average server sells it for. You have to see if the topic you learned is popular on your server. So on and so on.

 In conclusion i would like to point out that all these blogs and sites really do have great topics and great ways to make gold, but you have to understand that you have to apply your situation and circumstances into the equation of what you are being taught. I would like to point out that bloggers should try to make this a point one way or another in their posts of each topic so that the viewer doesn't feel disappointed when the idea to make gold you taught in your post didn't work.