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  1. #1

    Having a strange monopoly situation

    Hi there,

    Fantastic situation, but I'm still worried... ^^

    Starting from yesterday afternoon I have more and more glyphs where I'm the only one posting o.O Don't know if aliens performed some mass-kidnapping or whatever... ^^

    So yeah... there are still some riotmakers there (actually one of them even named himself like that ^^) posting @20g when it's worth 200g, but whatever ^^ set my threshold now to 25g ^^

    As for the fallback, that's my problem... I used to have ~250% of crafting costs, but that gave me sometimes just weird values (like only 50g, or 799g (made up values of course)). Those 50g are def too low, and 799 too high ^^

    So I chose to set a fallback of 449g, and I already sold 2 glyphs at that price (by yesterday evening I only had ~10 glyphs up at that price... but the number is increasing --> 32 so far)

    How would you act? What would you do? (using TSM) set a fix price for the inks and let TSM calculate %-of-crafting-costs based on those values? Stay at 449g?

    Well at least I guess I should be able to (at least a little bit) reset the market ^^

    gtg now... thanks for your replies

  2. #2
    Mokky's Avatar
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    I'd stay at 449, if you're the only one selling people will buy it. You could make them cheaper & no doubt you'd get a few more sales, but by the same token you'd have to craft more which is annoying, so I'd go for the highest GPH option & craft less, sell for more.

    Sounds like you have a goldmine there, guard the market well, if others get a taste of the profits they won't ever leave & you'll lose what sounds like an incredibly sweet situation. Enjoy those profits. XD

  3. #3
    Reverb's Avatar
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    For glyphs, my thresh hold is 30g and my fallback is 250g with maximum price of 500% of fallback. Most of the scribes on my server have a fallback of 250g, so prices are typically high for glyphs on my server.

  4. #4
    Mokky's Avatar
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    Wow, most of my fallbacks are in the 450g region, they sell for that too. Though lately some retard has been repeatedly resetting the entire market to 60g per glyph, generally speaking I like stupid people - they've made me rich, but this one's of no use to me whatsoever. XD

    Anyways TraX - enjoy your market price - milk it for what you can, I'm jealous.

  5. #5
    In my experience in the glyph market (dating back to being a scribe kingpin in WotlK), setting a high fallback is the best move. Mine is currently sey to 450g, and with only a handful of scribes on my server other than myself who know all the recipes, these prices tend to stick. I have befriended my main competitors to keep competition healthy but amicable, and between us we have all agreed the best option is to keep these prices high.

    You'll be amazed how many high priced glyphs you will sell just by changing that fallback number to something stupidly high! Supply and demand, if you are the only person with glyph X at a specific time, people will have to pay that price if they want it.

  6. #6
    I pulled in over 4k from one round of posting glyphs yesterday which is about twice what I normally see, saw a few of the regulars are missing, probably gone on holiday. Enjoy it while it lasts!

  7. #7
    Mugsley's Avatar
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    I've witnessed way too many swings in mats prices to make TSM/Auctioneer rely on those prices. Someone's getting out of Inscription, so they dump inks at 2g each; your fallback drops. Someone else decides to gouge, and your prices go way up. If you're being smart about your buying decisions, you can easily calculate what your costs are per glyph (and often stay under that number) and set appropriate prices in TSM.

    I'm not sure what you feel you're missing out on by using a hard number vs. mats costs.
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  8. #8
    Kathroman's Avatar
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    2 quick things:

    First, high pricing will attract competition. If you want to KEEP the market to yourself, you might want to make it look slightly less appealing.

    Second (also a follow-up), you probably don't have a very long window of opportunity here, so your goal should be to

    a)a get as many sales as possible, for:
    b) as much as you can.

    If that means you need to lower your fallback a bit in order to increase your volume, do it. If this change has been sudden, you might have some shellshocked buyers that have decided to wait until the price comes down a bit before purchasing. It isn't always about your competition - you always need to consider your buyers, too.
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  9. #9
    Ok well...

    Set my fallback now to 396g85s38c (for the fun of it ^^). I think that's still a nice profit and it should also be cool for those buying the glyphs

    Indeen, I'll need to enjoy the situation as long as possible, because usually I do have ~4 competitors... so really, I'm wondering what happened to all of them o.O

    I'll let you know how things are going (what I can say so far 4:39PM --> ~7k profit, after posting the glyphs once this morning)

    EDIT: Ok, I see now that competition has started again But still, prices are still at 449g... so at least people are not stupid undercutting by 200g or smth like that
    Last edited by TraX; May 17th, 2011 at 10:43 AM.

  10. #10
    Kathroman's Avatar
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    Quote Originally Posted by TraX View Post
    so at least people are not stupid undercutting by 200g or smth like that
    Don't hold your breath. I would try and do whatever I can while the price is still favourable. Bark, if necessary, but definitely strike while the iron's hot.
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