Auctioneer

This blog was started as a resource for fellow businessmen, how to make tens of thousands. However I keep getting more and more requests from ordinary players, who are focusing to other aspects of the game, how to earn enough to support their raiding or PvP? If you have such problems, this new section of Greedy Goblin, the "Middle class" is for you.

Following these advices won't make you rich. But make you be able to always have 2-3000G as a security blanket, so you never get into a situation that you can't buy consumables or have to go farm instead of raid or PvP. Above all: your grinding time will be much-much less, if you follow these advices.

The first and most important advice is: know the prices. Poor people tend to believe that the items have "value" and people buy and sell them around this value. No! Items have prices, set arbitrarily by the seller, and either bought or not. From lot of sales, a medium price is formed, which is accepted by the majority of the people. Of course I'm not telling that you also have to accept this price. However you must know it.

The Auctioneer Addon is an essential tool to know the prices. The programmers have included a scanner that reads all prices when you scan the AH. The programmers also included several price calculation methods. All of them have their pros and cons, they can be learned by leveling the goblin-only skill of economics. You don't have to understand them. Auctioneer calculate a medium price for you, you can usually trust it.

Based on my business experience, usually in 8-12 hours you can find a buyer for your item if you listed it on the auction house with medium price.

The Auctioneer is also capable of undercutting competition. On the Appraiser tab (the seller tool) you can select "Price Matching" below the price model. Detailed guide to Appraiser here. It tries to undercut your competitors, unless they sell for very low.

Auctioneer also put a blue, green, yellow, orange or red percentage on every line. Blue means the item is very cheap, green means below average, yellow means normal, orange above average and red is a robbery. You can sort by this percentage. It's great because it compares different quantities. So 4 items for 10G is listed cheaper than 1 for 6, although 10 > 6. Items are listed on various stack sizes, and you want the cheapest without doing lot of maths. Auctioneer does it for you.

You may get the idea to buy blue-listed items and sell them for normal price. That's what we, businessmen do for our wealth. However be careful, not every blue is cheap. Maybe there is a reason why prices dropped. For example it was crafted by only a few man and they sold too high, but now some others got the recipe and undercut them. This case you can't expect the prices to return high. If you are not sure, don't touch! It's better to let a good opportunity pass by than waste your money on some unsellable stuff.

Other good advice: most people want their items now, so they buyout, ignoring the bid price. You can make really good bargains by bidding. You place a bid, and in 1-2 days you either get your money back if someone overbid you, or you get the item for low price.

Auctioneer is also capable of finding cheap items everywhere in the Auction House. The search guide helps you how does it work. This is not essential for your purposes, this is needed for your first steps becoming businessmen. Remember: you don't have to join us to have enough!

Auctioneer may look strange and complicated for the first time. Please take 10-20 minutes to familiarize yourself with it. The time lost here will be returned hundred-fold in farming time.

Last, but most important: scan the auction house every day! You can do it by typing "/aadv getall" when auctioneer is open.The scan will take 1-2 mins and practically freezes your game, it's normal. If you would disconnect, use the |> button, it's slower but safe.

Auctioneer is useless without scans! Don't trust auctioneer in the first week. It needs about a week's data to be accurate.