I was trying to figure out what to write about for today so i looked at my reputation tab and noticed i can use thorium brotherhood badly, so i went and grabbed all the cheap fiery cores off the AH, just to make sure i had enough. So i started this BRD run just like any other, first i turned left opened the gate and did a full clear of Dark Iron Highway for Relic Coffer Keys. I then double backed and went right and took the first right door to go to the East Garrison and then into the ring of law. I then went around the edge (i usually don't do ring of law) over to the shrine of thaurissan to kill pyromancer loregrain for that rare drop of Enchant weapon fiery formula. I then head north to the domiciles area clearing as I go and make my way to the Black Vault to kill verek and his master so that i can open all 12 vaults to summon watchman doomgrip to recieve his loot which will be below the unopenable vault in the middle. I then go through the hall of crafting killing fineous darkvire before I continue to the Black Anvil to kill lord incendious. This is the point where I was lost for 5 or so minutes (I know noob move), I finally found my way back to the East Garrison and as i was entering it from the upper ring of law area i turned right and stealthed down that hallway to the West Garrison where I first killed General Angerforge before making my way to the manufactory. Here i killed Golem Lord Argelmach and then headed east to the Grim Guzzler. As you enter turn left and go into that small section, smash the 3 kegs to summon hurley blackbreath, then exit and turn left and talk to ribbly screwspig. Then kill him and his goons and head upstairs, I then talked to the quartermaster to rep up to exalted and bought all 3 weapon enchant recipes. Here is where I stock up on dark iron ale mugs for the Darkmoon Faire pet frog which sell for about 10g for 2, talk to the gnome named plugger spazzring to buy 10 of these mugs for dirt cheap and then loot the 5 mugs on the table. Then turn around and kill Plugger and his goons. This next part was a little confusing for me, I cleared the bar while waiting for guards that i thought came and unlocked the door, after vendoring stuff and being afk for about 10 minutes no guards had spawned so I looked and the door was open and ran through the phalanx. For the last part take the first door on the left as you exit the Grim Guzzler and kill the ambassador down there. I then hearthed, disenchanted all the blues and greens and ended up with 4 lesser eternal essence, 6 dream dust, 8 large brilliant shards, 2 Greater Nether essence, some rare recipes, a libram of tenacity, some uncommon gems from the black vault, and some stacks of runecloth along with about 6g in trash loot and vendoring some items. Overall this took me about 20-30 minutes and was a great experience for getting a reputation to exalted.
In Today's Post I will be writing about something that has come up alot on podcasts, in guild chat, in the jmtc irc, which is the question is it ok to sell your competition's stuff on the AH. The answer is plainly yes but let me go into more detail with Pros and Cons and I'll list a couple of each with some explanation.
PROS
- you increase your stock while also simultaneously decreasing your competition's stock.
- you close the gap between the prices which in the long term will net you more overall gold
- you can have a positive effect on the price, by buying stock you lessen the amount of overall stock on the AH and the price only goes up with reduced supply.
Explanation of Pros: One of the major concerns to any auctioneer is do I stock than my competition. Now what the first pro is saying is you can buy your competition's stock at a price less than the current market value, if it's below that, and increase your overall stock and hopefully decrease your competitor's stock so that they'll have to go craft more. The remaining two pros are sort of lumped together, what they're saying is that if there's a significant price gap you can close that gap and make a profit. For instance let's say player A has copper ore listed at 10s each and player B as copper ore listed at 35s each, in this situation Player B, if they have the option to, should buy player A's auctions and relist them at their 35s each price. What this does is allow you to make more profit while your competition makes slim to no profit and loses stock, this also can and should have a positive effect on the price of the goods that they're buying. The only way it doesn't raise the price is if there's too many people undercutting people to hell.
CONS
- your competition could just be trying to dump stock while also lowering the price
- your competitors could be trying to wall others off from the market so that in order to sell something they'll have to post below the wall and then the waller just snatches them up and continues thus aquiring stock
Explanation: The first con is a situation many auctioneers find themselves in. Quite recently I found myself in a situation where i was sitting on dead money, which is stock that won't move fast, in the form of hypnotic dust I just couldn't sell it. Everytime i tried posting it in the form of scrolls or raw mats i was undercut instantly. So what i did was post my stock in stacks of 5 about 35s-75s I was still undercut which gave me a perfect way to snatch up some cheap mats for a rainy day, so I started to pick up stacks of dust for scrolls for later on. What this did was allow me to craft lower than my competitors hopefully could craft for. The only difficulty about this strategy is that you need alot of stock in order to maintain the wall to get enough stock to make it worth your while
So if you find yourself in a situation where you can easily buy your competitors wares think carefully and analyze your situation, try buying some of the underpriced stock and make a mental note of how many stacks of x amount were there and then come back in 5 minutes to see if the stock on the Auction House has rejuvenated or if it has stayed the same.
As many of you know Patch 4.1 was announced today on mmo-champion.com. In this Patch they are reintroducing Zul'gurub and Zul'aman as 5 player heroic dungeons that will be available via the dungeon finder. I was in the Justmytwocopper irc channel today when some one asked what they should stockpile for the upcoming first major content patch of the cataclysm expansion. So i decided to make my first post about the 10 things you should stockpile with a brief description next to each one listing my opinion on them.
- Cataclysm leg armors/spellthreads - obviously the epic items will be upgrades for most people and these will spike in demand.
- Inferno rubies, demonseyes, Ember topazes and Dream Emeralds - all the epic items i'm assuming will have gem sockets so people will need these to gear out their toon.
- Flasks, potions, elixirs - These raids that these heroics were based on were some of the most difficult fights of their time and i expect people will want to grab up some flasks for these.
- fortune cookies/buff foods - I'm expecting these will see a demand spike seeing as people won't want to use these in current heroics because they're too easy, i'm expecting these new ones to be even harder and people will want that extra push.
- Ebonsteel Belt Buckles - Same reason as #1
- Enchants - same reason as #1
- Shield Spikes/titanium plating - tanks will be replacing their shields and will need a spike or an encahnt for that shield.
- Epics - This probably isn't a viable option, but the theory i have behind this is that alts and mains alike will want epics before they go into these heroics.
- Glyphs/decks - This is a long shot such as #8, but if some1 was doign the bear minimum (ex. only getting glyphs for 1 spec) they may want to get more glyphs for more specs or alts that are being pushed to 85 for these new heroics
- Materials for all the aforementioned - If you can't get into any of the previously mentioned items whether it be not enough time, not enough gold, or whatever I highly recommend this option seeing as there may be a price increase of 5-10% it could be very profitable for you. This means stocking herbs, uncut gems, cloth, leather, volatiles etc for the patch.
This is my Top 10 options to prepare for 4.1, these are all long-term investments which can tie up your gold for weeks-months depends on when we'll see the patch. However if you plan on going with any of these ideas i recommend that you go wtih 1-7 and 10, options 8 and 9 are just theories and speculations. I personally will be going with Enchants and Gems.
Please leave a comment at the bottom and I'll try to bring another post in the next few days. Thank you for reading.
