tag:blogger.com,1999:blog-1461700565722278823.post7102721530611142897..comments2024-02-27T14:44:07.868+01:00Comments on Greedy goblin: Equilibrium pointGevlonhttp://www.blogger.com/profile/07072766785893313616noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-1461700565722278823.post-30649324031393770222010-08-08T13:30:32.645+02:002010-08-08T13:30:32.645+02:00Heh, on my server most glyphs are at 50-100g, only...Heh, on my server most glyphs are at 50-100g, only two of us competing. No problemo!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-44313302174773186752010-08-02T03:49:25.497+02:002010-08-02T03:49:25.497+02:00...and thats all folks! Id like to point out, that......and thats all folks! Id like to point out, that when Gevlon started this, i believe that he was boasting profits of 5-10k/h. Now we are down to 4-800g/h. Why? Well, besides goldfarmers, WoW is overpopulated with "I farmed it so its free" individuals, and 24/7 campers. I come from Warsong-US and the average time to undercut on glyphs, enchants and gems is less then half an hour. So...whats the g/h when ALL your auctions are undercut by 1c within half an hour? 150? 200? As sad as it is, i made more gold selling 100 stacks of arrows then selling glyphs/gems/enchants combined in the last couple of months. <br />It has come down to a grind. The guy who camps AH more wins. No pricing strategy will fix that. What all of Gevlons strategies assume is that people crafting items are not idiots. In WoW people WILL and DO sell below mats costs because "farming makes mats free" and because the time of these individuals has no RL value, which allows them so sit and camp the AH all day.<br />Q.E.D. if you want gold in WoW, be the first to cover a niche and know when to jump to the next one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-11522930490330281862010-08-01T20:56:10.498+02:002010-08-01T20:56:10.498+02:00If he goes below mat costs, buy him out. With ever...If he goes below mat costs, buy him out. With every sold glyph he made loss!Gevlonhttps://www.blogger.com/profile/07072766785893313616noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-86493093305070879132010-08-01T19:21:07.547+02:002010-08-01T19:21:07.547+02:00I have an interesting problem... I recently re-ent...I have an interesting problem... I recently re-entered the glyph market, and another glyph seller explicitly told me that he would sell glyphs at 2g indefinitely to lock me out of the market.<br /><br />It puts us at a stalemate... I can sit on bags full of glyphs indefinitely, waiting for him to get bored and raise prices... but if he decides to cut prices down below cost to keep the market locked down, there's not much I can do about that. I haven't figured out a solution to that one yet.Nhttps://www.blogger.com/profile/00123929988970902320noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-437090865219818502010-07-30T03:46:04.699+02:002010-07-30T03:46:04.699+02:00I am kind of with Cold on this one. Just the scre...I am kind of with Cold on this one. Just the screenshot of QA posting glyphs fills me with sadness. I know all too well that about 98% of what's posted will go unsold. Not worth the effort.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-65969603154963855882010-07-29T22:21:15.245+02:002010-07-29T22:21:15.245+02:00Why waste all the time buying/milling/mailing/post...Why waste all the time buying/milling/mailing/posting for crap profit? Inscription is dead. Write about something else man.Coldhttps://www.blogger.com/profile/02988692142058297277noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-16805957012866666492010-07-29T21:59:11.101+02:002010-07-29T21:59:11.101+02:00The primary use for snowfall ink is making Darkmoo...The primary use for snowfall ink is making Darkmoon cards. Now that the Darkmoon trinkets are so far behind other available trinkets, the main market for Darkmoon cards is people grinding Darkmoon rep to get "the Insane" title.<br /><br />Buying snowfall ink even at 15g is cheaper than buying it for 10 ink of the sea.<br /> <br />Personally, I haven't seen any snowfall inks listed on my server for weeks. Does your server have cheap pristine black diamonds too?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-80643712956349941372010-07-29T21:54:32.441+02:002010-07-29T21:54:32.441+02:00Forgot to add to my last comment, the gold per hou...Forgot to add to my last comment, the gold per hour would actually increase do to the increase in sales of glyphs that gevlon normally would not sell. Glyphs that always sell for 3 to 4g each.<br /><br />Even if glyphs he normally sell drop below threshold the profits would still increase. This is a common principle in real world economics, selling for quantity rather than markup on one item.JayTekStormhttps://www.blogger.com/profile/00214471471702364952noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-37915600599567860332010-07-29T21:45:25.519+02:002010-07-29T21:45:25.519+02:00"You do realise lowering the threshold actual..."You do realise lowering the threshold actually lowers the gold per hour rate. <br />Maybe you should also advise him to go farm his herbs so he can get them for free."<br /><br />Except Gevlon said, "You can use addons for posting and getting mail, making these processes AFK, costing you no time"<br /><br />So where exactly does it affect the gold per hour?JayTekStormhttps://www.blogger.com/profile/00214471471702364952noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-45975441219846466802010-07-29T20:22:39.114+02:002010-07-29T20:22:39.114+02:00I'm struck by your claim that "You can us...I'm struck by your claim that "You can use addons for posting and getting mail, making these processes AFK, costing you no time." It's good of you to be transparent about how you're calculating your gold/hour but I would not count AFK time as free.<br /><br />I cannot do something in-game with that time, like crafting spellthreads or belt buckles or flasks. Nor can I switch toons to earn emblems or honor while my crafter is automatically collecting his mail or posting glyphs. At best, I can take care of non-game tasks so that I have more time free to play later. To me, this should not be accounted for as an increase my gold/hour; only the number of hours played per day.<br /><br />Shouldn't the measure be gold earned per hour played (the amount of time between logging on and logging off)?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-55702124427297954102010-07-29T18:38:48.971+02:002010-07-29T18:38:48.971+02:00@16:25 Anon
The price differentiation created by ...@16:25 Anon<br /><br />The price differentiation created by brands IS a social thing, typical of M&S. By focusing on the brand, they forgo the comparison between the quality of products in favor of social status. This is true specially for "fashion" products, in which a similar quality product can cost 100x more depending on the brand.<br /><br />As for quality, as can be proven by Gevlon's Undergeared, a Higher quality item has the EXACT same function on the lower quality item, and only differs on efficiency on doing the task. Ie: buying blue x purple gems, crafted items from Ulduar x TOC x ICC. there is a real difference of quality between those (ICC gear can result in, say 50%+ DPS over Ulduar gear), but their basic function is the same. Similarly, forgoing the brand, a higher quality Shirt, of Headset, or car will perform the EXACT same function, but being better in some way, such as comfort, speed or durability. Of course, you will pay premium for that.<br /><br />Thus, the are alternatives for items in WoW, similarly to the real world, considering that brands are a stupid concept.<br /><br />There is a difference, however, in price comparison, since in real life finding a better price at a given moment in time involves a time investment that is not considered in WoW. However, that doesn't invalidates Gevlon's pointSogenoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-21872802994641025592010-07-29T16:46:26.158+02:002010-07-29T16:46:26.158+02:00"This is why you make 4k gold a week gevlon, ..."This is why you make 4k gold a week gevlon, I'd like to recommend lowering threshold as well. You probably make 100 gold per hour with this method including crafting time (still time played)"<br /><br />You do realise lowering the threshold actually lowers the gold per hour rate. <br />Maybe you should also advise him to go farm his herbs so he can get them for free.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-18622051038305468002010-07-29T16:25:55.385+02:002010-07-29T16:25:55.385+02:00There are 3 essential factors missing in the wow e...There are 3 essential factors missing in the wow economy to be able to compare it with real markets: brand, quality and alternatives.<br /><br />A crafted item in wow has no quality. Whereas a red T-shirt made in Taiwan or made in the EU will /might have a different quality (as in you wash it 2x and it becomes a pink T-shirt.<br /><br />Brand: and item can't be of 2 different brands in wow.<br /><br />Alternatives: due to no brands & no quality difference, an item has no alternatives. One can go for a lower iLevel piece, but that is in fact a totally different product. <br /><br />My point being: stating that capitalism is good because it decrease prices is not a true statement. It might be good in wow, in the inscription market - but stating such thing goes wider than wow alone. There are many many many real world examples where capitalism boosts prices to insane amounts, to a point where more than half of the possible clients either can't afford it any longer or have to hurt themselves.<br /><br />You use rl economy terminology to describe the wow market, and then you use the wow market to prove a rl economy statement.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-80955684162925014172010-07-29T15:52:25.631+02:002010-07-29T15:52:25.631+02:00Why is snowfall ink so expensive? What is it used ...Why is snowfall ink so expensive? What is it used for to value it so high? on my server (Grom@ru) it sells for less than 7g, while greatness decks go for 2k-2.7k already. I even think of crafting epic offhands to de. would you share your thoughts on snowfall inks? i've been doing qa3 inscription for more than half a year and still didn't find anything good for snowfall inks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-4994188259158145412010-07-29T15:50:18.775+02:002010-07-29T15:50:18.775+02:00This is why you make 4k gold a week gevlon, I'...This is why you make 4k gold a week gevlon, I'd like to recommend lowering threshold as well. You probably make 100 gold per hour with this method including crafting time (still time played)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-46127946319644907972010-07-29T14:20:45.099+02:002010-07-29T14:20:45.099+02:00"However it shows the reason why capitalism i..."However it shows the reason why capitalism is good: it decrease prices"<br /><br />Not necessarily. (Supply) Competition lowers price.<br /><br />This can be the case in capitalism, but also in other forms of market economies.<br /><br />Interestingly enough, most capitalists are working to their best abilities to defeat the basic rules of supply&demand.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-76020116612116606362010-07-29T14:07:35.468+02:002010-07-29T14:07:35.468+02:00Are you using QA3 (?) now or is that Auctioneer? ...Are you using QA3 (?) now or is that Auctioneer? I'm wondering what report that screen shot is from. I have been tinkering around with Inscription in order to simply get the hang of the batch posting, price setting features and the business side of this and have not yet learned all of the features I suppose of Auctioneer. So I am still unsure if I have set it up correctly.WeekendWarriorhttps://www.blogger.com/profile/17011331087756272209noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-25625949079175225862010-07-29T13:28:27.306+02:002010-07-29T13:28:27.306+02:00Thats a fallacy. I do understand that you don'...Thats a fallacy. I do understand that you don't want to work for less then 1000g/h, but you seem to be doing that just so you can SAY you're not working for less then 1000g/h.<br /><br />You've mentioned yourself that most of the work you do creating glyphs is AFK time. Therefore, your actual g/hour would go up if you sell glyphs for any price above cost. Lets say your actual time investment is the creation of the glyph, which takes five seconds altogether. With a material cost of 2g per glyph, you could sell for 3.4g per glyph and still make money.<br /><br /><br />This assumes that you fill that AFK time with usefull things. (I do dishes, laundry, cleaning, manage my music and videos for iPhone/iPad, have breakfast, etc).Vinnyjnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-79804955271401561452010-07-29T10:43:26.111+02:002010-07-29T10:43:26.111+02:00I won't work for less than 1000G/hour. The glp...I won't work for less than 1000G/hour. The glpyh I sell is a glpyph I have to craft, and mill link for. So I'd rather not sell it for that low.Gevlonhttps://www.blogger.com/profile/07072766785893313616noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-55255774154953894952010-07-29T10:17:28.304+02:002010-07-29T10:17:28.304+02:00You should lower your threshold to 4 gold, you'...You should lower your threshold to 4 gold, you're losing money not posting glyphs that could be making you a profit.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-29900255464552031462010-07-29T09:48:36.031+02:002010-07-29T09:48:36.031+02:00You create a char on Agamaggan-EU ally and see it ...You create a char on Agamaggan-EU ally and see it yourself.Gevlonhttps://www.blogger.com/profile/07072766785893313616noreply@blogger.comtag:blogger.com,1999:blog-1461700565722278823.post-90638874315921822542010-07-29T09:35:07.993+02:002010-07-29T09:35:07.993+02:0021 glyphs out of 400 is hardly a good sample size....21 glyphs out of 400 is hardly a good sample size. How do we know you didn't just find the best group for your example?<br /><br />I didn't see any of the big hitters in there like glyph of charge or glyph of thorns.Anonymousnoreply@blogger.com