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"Hi there, thanks for an awesome blog sacrificing your time to help out us! You have taught me so much!
I am just mystified as to how you manage to make 40gold from 50 gold per 1-2 days because the 'quick' flips you often talk about are failing miserably for me. I am diversifying my gold investments to TONNES of fine/masterwork low level armors, various vegetables and other crafting materials etc etc.
But after 24hours I havent even filled a quarter of those, and the ones I list become undercut in the next couple hours..
For example: buying 6,000 of a grape pie filling (or equivalent) for 10-20gold and then flipping it in the same day for a 2 gold profit is hardly making 50 gold a day :/ and that takes a considerably long time for those orders to be filled with everyone undercutting.. and all the while that gold could be invested elsewhere
Am I just being impatient or am I missing something?
Thanks again! Keep up the good work!"
Well, Mike, the nice thing is that you don't have to baby sit any of these auctions. Instead of posting the whole stack that you've collected, you could post a small amount each day. After a week you'd exhaust your stockpile and be able to place new buy orders. This strategy greatly reduces the amount of time you spend on the trading post each day and it's something I've recently gotten into. Give it a try! Place one big set of buy orders, leave them up for a few days, and at the same time only list a small portion of your auctions at a time. When you go to list each day, cancel anything that has been undercut too much.
This way you turn into a store kind of. Walmart doesn't sell all of their eggs in one day, but they keep a big stockpile in the back that they pull from whenever enough are purchased. Make sense?