Quote:
I do the opposite. I convert to whichever price is lower, in order to get the quick sale - there are less returned mats that way.
True that returned auctions are cumbersome, annoying, a huge waste of time, and discouraging to say the least, however when those items finally do sell, your profit margin gets that much sweeter. If you have the funds available and are not immediately needed elsewhere, in order to inflate your profits, raised prices are worth the added time in the auction house. However if the funds are needed quickly, then lowered prices can suit you as long as you maintain enough profit margin to make the endeavor worth while.
Ofcourse I do seem to be getting materials faster than I can get rid of them, so I guess lowered prices are also important if you don't want your inventory to get over inflated. Since I have so much on the AH at any given time, Im also probably injuring my long term marketability by flooding the market. Evetually the price of the mats may begin to plumet.
However if I have gargantuan ammounts of materials up for auction at any given time and I buyout the undersellers, I can dominate the market share and dictate my own price (which is saved since the first time posted, which means that I can sell and resell the mats for the same price indeffinately).
Also keep in mind that by maintaining such a large inventory on the AH, everytime I scan the AH my average takes into account all of my higher priced mats which scews the results for my enchantrix percentless when i go to buy out my inport items. Thus the profit that enchantrix claims that I'll be making is skewed by my inflated pricing. If everything sells, then kudos for me, I just need patience and lots of time to repost those auctions. If I begin to lower my price, I have no indication whether I'm lowering the price too low to make a profit on those inport items.
Suffice to say that this evening before coming to work, I had 150g and still 7 pages of auctions.