Two things should happen next week. The first one is a definite: I will be finally finished with my Glyph Research. I finished Minor Research a long time ago, and obviously bought all the glyph books I could use, but you still need to do Northrend Research every 20 hours for a whopping two months or so before you know all the glyphs. I'm at -1 right now, just Lifebloom to go. Probably monday for that one, unless I take the day off.
The second is a maybe. It seems VERY likely that patch 3.3.3 will drop next week. This is going to have some interesting effects on the glyph economy. All the 2-ink glyphs will become 1-inkers, which means everyone's pricing structure will be simplified a lot. No more "Hey, that glyph sells for 6g, can I make a profit on it?" At the same time, players will be able to trade Frozen Orbs for Frost Lotuses. I predict a short-term drop in the frost lotus market (either that, or a small number of people buying a TON of really cheap lotuses). I don't think it's likely that the market will depress for the long term (the actual rate of frozen orbs/hour is relatively low for a pugger, compared to the rate of return on frost lotus farming), but I do believe that in the short term herb prices will elevate a bit. Frost lotus farmers will take time off, seeing their prices drop, and the remaining ones will be able to make the other-herb market increase in price.
If I were a real betting man, I'd try and ride that wave of cheap frost lotuses- just buy up a whole lot of them and use them slowly over time to make flasks for sale. It's a long-term investment, and I'm not sure what the rate of return will be. We'll see about that.
I am, however, going to ignore my friend Fizzle's advice and shoot straight to the "nuclear" option on the glyph market. I've gotten relatively tired of the constant cancel-repost dance I have to do with My Nemesis. I've been stockpiling herbs and inks for the past two weeks, I think I have enough to weather the storm of herb price fluctuations. Starting tuesday, I'm going to figure out a low fixed price (something like cost +1g) and try to post all my auctions at that rate. Let's see how that works.
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I will add that I probably should figure out the lower bound on MN's glyph prices before I push the button. That will tell me if this is a reasonable plan or not. If he steers clear of sub-10g glyphs (which seems to be the case, actually), I could probably post everything at 10g or less, at least for a while.
ReplyDeleteThe key is not to lose gold, but to structure my prices so that I can get out of the business of cancel-repost. Instead I post at a fixed price and leave it up for 48h. I'll save a TON of time doing that.
I would reccomend possibly double-checking QA3 when the game's up today, I'm not sure if they use pre-set ink values for recipes or they link back to the recipe itself. Same with the 'Lil Sparky Skillet Clone'
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