Wasn't really sure how to go about wording my first post...so I decided I would just come out and say what was on my mind.
Bear with me folks this is gonna be a journey to say the least....
So there I was, reading away, absorbing all the gold making blogs and threads I could get my hands on and then it hit me... Why just read about it when I could just go and try it myself.
(I'd had luck on my original realm but I wanted a change.)
Giddy with excitement I rolled onto a new server, made myself 2 toons and started the whole "research" process again (Auctioneer scans and what not)
Between collecting my data... for the first day or so atleast I started gathering (Copper, Peacebloom. etc) obviously I needed some capital to kick start my AH carreer.
((1 Week later))
Once all my items sold and I had netted a tidy sum off 200G. I then decided seing as certain gems were priced lower than thier "Cut Counterparts" they were a good place to start so I bought up 2 gems and had a higher level JC cut them for me. The gems sold almost instantly. But this is where my quest for advice really begins.
I have the required addons and also utalize The Undermine Journal to make my trades. But the whole JC Flip technique is as far as I know what to do, this is foundation ecconomics (Buy Low Sell Average) what I really want to be able to do is pinpoint oppertunities in the market for example:
"Person A will never buy a single scrap of Embersilk Cloth in his life, preferring the convenience of premade bolts; person B will never even bother to check the price of a Bolt of Embersilk Cloth because he assumes it will always be cheaper to buy the individual pieces."
Extract taken from: http://wow.joystiq.com/2011/10/10/go...ion/#continued
Now I know that Person A & B are potential customers if a trader can spot an oppertunity such as the above example. I also know that gold makers don't just give out thier stradegies to anyone, nor am I asking for a handout. What I am looking for is advice on finding niches in the market such as this.
Currently I have around 150G and my main is a level 20 Alchemist/ Enchanter. (Both Professions are maxed as far as being a level 20 toon goes.)
Any help is appreciated and thanks for reading my novel
Sincearly Wandering Welshman.