To make gold in the World or Warcraft and the expansions of the Burning Crusade and Wrath of the Lich King, you must learn how to use the Auction House. The Auction House is one of the quickest ways to make easy wow gold. If you have ever wondered how many of the gold masters are able to boast making over 200 golds per hour, the answer is simply - they have mastered the secrets of the Auction House and can easily make this amount without breaking sweat through artful and skillful trading.
The Auction House pros are not simply dumping their stash and running for the exit, they're scouring the auction pages for well known items and trade goods that have been undervalued and snapping them up. They're either using their purchases for their own crafting or simply re-list them at a higher price and making a nice profit.
If you want to achieve the same level of success as the pros, then you need to spend a little more time in the Auction House and less time in the Pig & Whistle, drinking with the Dwarves. Here are a few tips:
1. Know Your Market
There are literally thousands of items to trade on the Auction House and you can't be familiar with them all. Try to specialize on those items that you need for crafting and get to know their relative prices. So if you're an Alchemist and need a constant supply of herbs for your profession, then the Herb pages should be your main focus. You'll soon know when a stack of Peacebloom has been undervalued.
2. Set a Buyout Price
Players want stuff now - not in 48hrs, so it helps to set a keen Buyout price that represents the Median (most frequent seen price) as opposed to the Average price. Set the price too high and your items won't sell and you'll end up losing your deposit; set the price too low and you'll make a loss once the Auction House takes its cut.
3. Set a Bid Price
A good rule-of-thumb is to make the bid price about 5-10% less than the Buyout price. To hook players, I sometimes set a much lower, break even price, just to get folks bidding.
4. Break up Your Stacks
Stacks in your bag can be broken up into any number of stack sizes by Shift+Right-Clicking on an item. If you're having trouble selling items in stacks of 20, try breaking them up into smaller sizes, but always charge a premium. Try to sell quest items in the right stack size needed to complete the quest. Folks are reluctant to buy 20 Blue Pearls when they only need 9 as an example.
5 Try the Trade Channel
If you have posted a relatively expensive item, but are having trouble selling it, try announcing the item on the Trade channel. You may get some interest.
If you want to know more secrets of the World of Warcraft and WOTLK then subscribe to my free e-guide by following the links below.
Marcus Ty is a level 80 Alliance Mage of Stormwind and has written extensively on the art and craft of making World of Warcraft Gold. His tips and strategies are chronicled in The Journal of Marcus Ty - WoW Gold Guide which is free to subscribers. More articles may also be found on his World of Warcraft Gold Blog together with details on how to contact the great Mage.
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