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Enchanting Mats over suppliedFollow

#1 Jan 24 2008 at 6:33 PM Rating: Decent
I working on my enchanting, buying cheap greens off the AH. That part is fine, but what to do with the extras. Everything is undercut, but bargains are rare. I can't buyout the AH and I hate losing money to all there people thinking they are making a killing when they are just killing the golden goose. What advice do you have?
#2 Jan 24 2008 at 7:48 PM Rating: Decent
Cry.

Seriously, welcome to the world of economy destruction, courtesy of overpopulation and chinese foos(not asian people, you know I mean gold farmers).
#3 Jan 24 2008 at 8:49 PM Rating: Good
give it a month or so for the economy to dry out and save up all of your current materials. when people find that they are not making much money they will drop off of the market.
#4 Jan 24 2008 at 10:14 PM Rating: Decent
Well that is what happens. The only mats costing high prices are the ones I have none of. I hope to break even while leveling. The main supplies the capital and I need 5 points to d/e all those green. Then the silly money flows, like 5 gold per lesser planer and 20 gold for small prismatics.
#5 Jan 25 2008 at 12:04 AM Rating: Excellent
alcattle wrote:
I working on my enchanting, buying cheap greens off the AH. That part is fine, but what to do with the extras. Everything is undercut, but bargains are rare. I can't buyout the AH and I hate losing money to all there people thinking they are making a killing when they are just killing the golden goose. What advice do you have?

If that's really what's happening, then your "cheap greens" aren't. They are only cheap when you can make a profit off the results.
#6 Jan 25 2008 at 2:14 PM Rating: Decent
Right, Auctioneer says green are below value but mats are really cheap. So everyone is undercutting, too much for me to buy out and raise to higher levels. I used to make good money selling Strange Dust, paid for first mount that way, now almost cheaper to farm mats and de my own greens. Like Anobix said, wait it out.
#7 Jan 25 2008 at 9:28 PM Rating: Good
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1,305 posts
Make an alt and load it up with a couple of the biggest bags you want to buy and start sending all the surplus mats to the alt. Then like mentioned above, wait it out. The economy should even out, if not inflate first.
#8 Jan 27 2008 at 4:24 PM Rating: Decent
what I did was I took enchanting and tailoring. That way I can make my own greens then disenchant them. It works best with tailoring because it doesnt really require a gathering skill.
#9 Jan 27 2008 at 4:30 PM Rating: Default
i remember me and my friend found out we could make 10g a stack of DD's and well long story short we spent a long time fishinga nd selling them that the price on the AH in my realm went from 10g a stack to 1-2g a stack lol
#10 Jan 27 2008 at 7:02 PM Rating: Good
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12,049 posts
Sounds bad, but really, it might just be the time of the week you put stuff up. On my server, large brilliant hards go for 7-9 gold usually (often closer to 7g than 9g). Today, the cheapest ones up were 15 gold each. I put up stacks of 10 for 110 gold, and bam, huge profit. If I had sold four days ago, I would have made dozens of gold less.

All my stacks were bought up in under three hours, too. I'm suddenly over 500 gold richer :D
#11 Jan 29 2008 at 1:24 AM Rating: Decent
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979 posts
i found the easiest way to level enchanting is to be a tailor , at first its make linen robes , cheap to make and disenchant to just whats needed , as you get higher its wool and silk stuff , just pick the things that you can disenchant and use the smallest amount of farmed materials , the big plus point is if you are a cloth wearer you get some nice gear , if not see whats not being sold at auction or at silly prices and make that to keep your tailoring up , , once you hit the right level all the drops in outland either do not sell or can be disenchanted for mats , my enchanter is only level 38 and not yet maxed out but can disenchant level 62-63 gear , but i also have a 70 main so i get mats free
#12 Jan 29 2008 at 4:24 PM Rating: Decent
Thanks for all the helpful hints. My 37 priest is level capped at tailoring and finally hit 275 (dis)enchanting. That was all I needed to do right now. D/E outland Greens. He has been these skills from the start and did all the make stuff/ DE stuff until the drops were higher than my skills to de stuff for leveling Enchanting.
As for the mats, I am doing just that. Both the priest and my 19 mage have 2 full 16 slot chanter's bags, just looking for profits to come back.
#13 Jan 29 2008 at 6:40 PM Rating: Decent
Ride it out...those people undercutting themselves to oblivion will soon tire of it. The market will eventually stablize for a short time...that's when you sell. Then the dumbasses move back in and ruin it for a month or so while you stockpile materials. Then you sell. It's a pain, because when I first started to D/E for profit, there were no dumbasses ruining the market. Now they hide behind mailboxes and trees in droves, just waiting to unleash their stupidity on the world.

Just ride it out.
#14 Jan 30 2008 at 4:48 AM Rating: Decent
Quote:
The market will eventually stablize for a short time...that's when you sell. Then the dumbasses move back in and ruin it for a month or so while you stockpile materials.


But what IS market value? The price Auctioneer quotes?

Ok, weekend values where an item starts at 1G and drops all the way to 10s is probably an example of undercutting (or oversupply).

Take an example. I have a low-level engineer and I can make Bronze Tubes. I see a lot for sale at 1-3G on my server, but when I try to put them up for that I quite often lose my fee. The only people who need them apart from Engineers are those doing the Darkshire quest; who wants to pay 1-3G for a bit of additional xp at lvl 20ish? So I make them and sell them for 53s and I haven't lost a single fee.

Is that an example of undercutting or supply and demand?
#15 Jan 30 2008 at 9:10 AM Rating: Good
bobthebomb wrote:
Quote:
The market will eventually stablize for a short time...that's when you sell. Then the dumbasses move back in and ruin it for a month or so while you stockpile materials.


But what IS market value? The price Auctioneer quotes?

Ok, weekend values where an item starts at 1G and drops all the way to 10s is probably an example of undercutting (or oversupply).

Take an example. I have a low-level engineer and I can make Bronze Tubes. I see a lot for sale at 1-3G on my server, but when I try to put them up for that I quite often lose my fee. The only people who need them apart from Engineers are those doing the Darkshire quest; who wants to pay 1-3G for a bit of additional xp at lvl 20ish? So I make them and sell them for 53s and I haven't lost a single fee.

Is that an example of undercutting or supply and demand?


If you're listing for the "common" price and they aren't selling, then the common price isn't sustainable. If you're undercutting by up to 50% and they're selling, either you've found a sustainable price or someone else is buying up all of your tubes thinking they can resell them for the common price and earn an income.

In my case, I consider the common price to be one where my product sells reliably for a reasonable profit. Auctioneer can be a very useful tool, but it can also be a destructive crutch.
#16 Jan 30 2008 at 1:30 PM Rating: Excellent
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10,601 posts
With enchanting mats just configure auctioneer to not undercut, and you'll be better off. There's no deposit, so multiple sales is fine. Keep an eye on the price, and if it seems way to low, just wait it out as other people have said.
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