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Sunday, January 27, 2013

4 Stages to Trading Post Excellence

1. Flip Individual, 1 S to 2 S Profits
2. Flip High Volume, 30-99 C Profits
3. Multiple Steps to Final Product, 1 S to 2 S Profits
4. Multiple Steps to Final Product, 30-99 C Profits

These are the four areas I have identified as evolutionary steps for all auctioneers. Often times, I hear people tell me about how they are doing the #1 step until finally it gets boring. They ask me how to move on and I recommend increasing volume but shooting for smaller profits per transaction. They they get tired of these flips and I tell them to move on to either crafting or bag opening. Finally, when they are ready to become masters at the trading post, I have them crafting on a grand scale.

These are the general steps of progression as people become better at the trading post. Where are you at?

7 comments:

  1. Anonymous said...:
    January 27, 2013 at 8:20 AM

    I was doing good since Christmas, I went from 1 gold to 70 gold, this past week I'm not sure where I went wrong. I have 46 Gold in the bank, 24 Gold in buy orders and potential of 28 Gold waiting to be sold. So from last week to this week I can say no growth stagnant.

    I've been flipping individual 1 S to 1 Gold profits.

    I've tried Flipping high volume. Aside from issues of storage, I seem to get outbided and the volume does not sell and get stagnant, I endup pulling and reselling at a loss. :(

  1. Anonymous said...:
    January 28, 2013 at 7:13 AM

    What is step 3 and 4?
    Buying crafting mats and create "final producr"?

  1. Chris Lanier said...:
    January 28, 2013 at 10:05 AM

    Im not sure what steps 3 and 4 mean either. But i think im still at step 1. I tried #2, and i found that i had to put up 2-3 times as many orders, spend alot more time pricing and selling items, to get about the same profit as i would with a little higher priced items

  1. Chris Lanier said...:
    January 28, 2013 at 10:16 AM

    Can you actually make money with opening bags?

  1. Markco said...:
    January 28, 2013 at 10:22 AM

    Absolutely you can make money opening bags. Purchase with buy order when it's low and sell when the resulting materials are high.

  1. Anonymous said...:
    January 28, 2013 at 12:59 PM

    I think upgrading materials at the MF could be an example of #3 & 4, a few days ago I noticed that tier four totems were 5-6 times more expensive than tier 3 totems, I started converting the T3s into T4s and was making good profit, even at low yields

  1. The Black Lion said...:
    January 28, 2013 at 5:30 PM

    I think you are missing out on a lot of gold by not flipping low cost cooking ingredients in high volumes, they are very stable markets and even although the profit margin is only 1-2c you can still easily sell thousands of them every day.

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