Let's hear from the AH gurus, those that don't do daily quests anymore, but simply spend time in the AH each day for cash. What are some specific tips you use to make gold on the AH?
I'll start. Auctioneer is required for the methods I use.
Scan the AH each day, or twice a day, by selecting the fastforward icon ">>" at the top of the Browse tab on the AH. If your computer is too slow to handle this, perhaps this may not be for you.
Tip 1 - Disenchanting
This is an old standby. Make your AH toon an enchanter and do an auctioneer Disenchant search. I set a minimum profit of 2g and min discount of 50%. Price valuation method is Enchantrix. You want to allow bids and buyouts. If your enchanting is lower than 500, set custom levels to limit what you buy to your current level.
All buys are done with the Purchase button. Pressing Ctrl-Shift-Alt changes it to Purchase All for one click buying.
You'll want to get a mailbox mod to allow you to get all mail, since you will lose many bids. That's ok.
Set Automation. Do /Enchantrix Config, and select Automation, watch bags. I uncheck auto-disenchant epics.
Tip 2 - Snatch Search
OK, disenchanting is fun, but why not expand? Just because I'm not a skinner, doesn't mean I shouldn't make money on skins. The same goes for all the professions, even enchanting. This is really buy low and sell normal. I do at least as much business this way as with disenchanting.
So, what should we buy? Well, let's look at mats used to level professions. People are always leveling, and you can sell them what they need.
First off, we are going to set our percent at 35%. In other words, if someone posts something you are snatching at 35% of value, you want it. Then you will repost it at the normal auctioneer match price value. Since you are only buying at 35%, you have a good margin so as not to lose money due to changing prices.
If you raise the percentage higher, you will make less profit, and run the danger of being swamped. I upped it to 50% as a test and ended up with 16k worth of mats on the AH. I'm much happier at the 35% setting, and still bid on hundreds of items per day. You can adjust this percentage depending on how aggressive you want your buying to be. You can even change it on a per item basis, bringing it down a bit if you want to buy less, up a little if you want to buy more.
Now, how do you get something into your snatch list? You could populate the Snatch item by ctrl clicking an item link, but I recommend in chat typing "/snatch [item] 35%" , where [item] is the item link created in chat with a shift click.
So, lets do one. Find some copper ore or a copper bar on the AH and Snatch it using the chat line above. Now check your snatch list. See the copper? That's it. Save your list with the Save Button on the top of the window, and search for your snatch items by clicking the Search button.
Now, what to put in? For starters, how about types of leather, herbs, ore, bars, and enchanting mats. You'll be buying at 35% and reselling normal. You can add other items to your list as you see fit. If something really doesn't sell well, you can delete it from your list. You may want to add cloth or volatiles.
My snatch list has many items that I buy on sight at 35%.
Don't forget your purchase all option, by clicking Ctrl-Shift-Alt, and use price matching for quick sale.
Tip 3 - Resale search
My Strategy is to stay away from buying and selling weapons and armor. Any weapons or armor that lands in my bags are for disenchant. I stick to trade goods and mats. Go to search, Resale, and set a Min Discount of 75%, min seen count 50. Allow Bids and Buyouts. I set a max price of 200g, and a price valuation method of Market Price. I check Subtract auction fees and deposit.
In order to limit what items show up, I set a filter. Expand out filters on the left, select ItemQuality on the left and put a check in Resale, then below that I only left unchecked the lines for "Trade Goods". Personally, I don't want to deal with the other items in this search. You can leave unchecked other categories you are interested in.
When I find an item in this search that I want to buy, I'll add it to my Snatch list, so that it can be found there. Really, I want my snatch list to be where I specify what I buy, but this serves to show me what I am missing. If an item's pricing data is wrong for whatever reason, you can clear its historical data with "/auc clear [item]".
I do this AH routine on horde and alliance twice a day, and consistently make at least 1k/day on the AH.
So, what do you do on the AH? I'd love to try some new things. If you craft items to sell, what are they? If you make money farming for the AH, what's your secret? Come on, we won't tell anyone.
For people that can't seem to make any cash, I've just given away all my secrets. I have no doubt that I could start a level one and he would have epic flyer money in a few weeks, so get busy!! It's a good feeling once you know that you can make all the gold that you need. It just takes a little effort and doing it as part of your daily routine.
Edited, Jun 16th 2011 10:34pm by dadanox