This is getting into the more complex of the ways to make your gold. To be able to buy low/sell high, you will need an initial investment. I suggest at least 10 gold if not 50 - 100 gold. But, 10 gold will get you started.
The strategy is simple - buy an item at a lower price than it is worth or can be sold for, and then turn around and sell it for that higher price.
To do this, many players will watch the trade channel in their main city. They watch for WTS (wanting to sell) [item]. Players selling like this want to sell their item now and not wait for AH - this is the perfect opportunity for the low/high buying player. You simply send them a private message asking how much or by saying I will give you x gold for that item. From there, you negotiate. The idea is that you try to get the item as low as possible. Make sure you always buy lower than it can sell for - this means watching the auction house like a hawk. You have to know what is worth what and how quickly it sells. Supply vs. Demand.
So, now you have your item. Let's say you were able to buy it for 2g and it can sell at the auction house - ON the weekend - for 10g. You've just made 8g. Now, all you have to do is wait until about 7 pm on Friday to put your item up, or any time will do on Friday. Just do the same thing here I suggested for the farmers.
Someone doing this may turn anywhere from 1g - 2000g in a day depending on how much they buy and sell. However, a rough way of figuring it out is that you can only make twice as much as your initial investment. Sometimes you may make less, sometimes more - but never expect any more than twice what you invested.
One last note: If you see an item up for less than it sells for, you know this by watching the market, IMMEDIATLY buy the item without a second thought. If you don't, someone else will.
Technorati Tags: world of warcraft, games, mmorpg, auctioneer, wow gold
The strategy is simple - buy an item at a lower price than it is worth or can be sold for, and then turn around and sell it for that higher price.
To do this, many players will watch the trade channel in their main city. They watch for WTS (wanting to sell) [item]. Players selling like this want to sell their item now and not wait for AH - this is the perfect opportunity for the low/high buying player. You simply send them a private message asking how much or by saying I will give you x gold for that item. From there, you negotiate. The idea is that you try to get the item as low as possible. Make sure you always buy lower than it can sell for - this means watching the auction house like a hawk. You have to know what is worth what and how quickly it sells. Supply vs. Demand.
So, now you have your item. Let's say you were able to buy it for 2g and it can sell at the auction house - ON the weekend - for 10g. You've just made 8g. Now, all you have to do is wait until about 7 pm on Friday to put your item up, or any time will do on Friday. Just do the same thing here I suggested for the farmers.
Someone doing this may turn anywhere from 1g - 2000g in a day depending on how much they buy and sell. However, a rough way of figuring it out is that you can only make twice as much as your initial investment. Sometimes you may make less, sometimes more - but never expect any more than twice what you invested.
One last note: If you see an item up for less than it sells for, you know this by watching the market, IMMEDIATLY buy the item without a second thought. If you don't, someone else will.
Technorati Tags: world of warcraft, games, mmorpg, auctioneer, wow gold
Labels: auction, buy, make money, sell
