Thursday, November 27, 2008

Buy Low - Sell High

The most basic strategy in the WoW Auction House is to buy something put up too cheap and then resell the same item at a higher price. Easy profits can be made this way and all it takes is a trip to the mailbox and back.

Go to the action house and right-click and Auctioneer. Do a search for Silverleaf.
(Click screenshots for a larger picture)


What we're looking for is a gap near the cheapest items. Here we see one at 10% and one at 36%. The percentages don't matter but they help us see the 8% gap between the lots for sale. After that the gaps flatten out to 1% with 1 6% jump in there between 45% and 51%. To get to that 6% gap we'd have to buy 51 Silverleaf and that is probably a little too much. 20-30 is usually OK for this strategy.

Let's buy the 8 and the 1 for a total of 26s 96c (26.96). Now lets resell this. The lowest price is now 9.75 each. We're going to sell the 9 we have for 9.50 each.



We set our Bid per item at 7.00 and our Buy per item at 9.50. We're going to split it into 2 auctions of 5 to appeal to more buyers. After that's set click Post.

On this transaction, if it works out, we'll make 58.54 minus some auction fees. Easy money for a trip to the mailbox.

You won't have much money to start so these small transactions will add up fast if you can do 5 every time you go to the Auction House.

Miners can do this with copper and tin ore early on. Herbalists can do Peacebloom and Silverleaf. Once you have enough money you can begin trading in items you can't use or even gather.

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