We Need More Writers!
Phil had a great comment yesterday, so let's bring it up as a discussion point for today's post.
I have been reading you blog and learning a lot from it for about two weeks now. I have read most past entries and all the new ones that have come out since. I am having fun with the TP and also earned about 80 Gold so far from the 3 Gold I started with two weeks ago.
I am posting this because I am stuck in the exact same spot as the guy who mailed you and I do not quite understand your answer, I think.
How does selling things at a slower pace, bit by bit, accomplish faster profit? If I buy thousands of Grape pie fillings and relist them for a higher selling price they will get sold once all stacks posted before for the same price me are sold. Is it just because I will get undercut more often if I list bigger stacks? I am probably just missing something here.
Keep up the good work!
Let's say you get undercut by 10 people.
If you posted 10 auctions and they didn't sell, then you have to cancel 10 auctions to repost, right?
Well what happens when you list 250 auctions and 10 people undercut you?
You lose 5% of the cost to list ALL 250 auctions, instead of just 10.
Have any of you found the happy medium where you don't have to cancel a lot of auctions? I've found it to be mostly random, so it's best to avoid over-posting in all categories. Except for crafting materials, which sell so quickly it often doesn't matter. But even then, 1000 of an item have far less chance to be undercut over the course of a day than 10,000.