Thursday, 12 November 2009

Screwing up

If you read my last post and the comments to it you saw how both Liene of Kul Tiras and Marketeer commented on how my pricing methods had nothing to do with the Goblin method. Unfortunantly I got to say that they are correct, I made a huge mistake and got Gevlon's posting method completly wrong which I, after some rereading, now realise. This however, does not make my pricing non-valid (as pointed out by Liene), just rare. If you ask many of the big glyph sellers of what the best way of selling glyphs is they will most likely tell you that it is crafting a bunch of every glyph, try to get your threshold as low as possible and carpet bomb. A very commonly accepted method to make as much gold as possible by getting a large volume of sales. Thus making you lots of gold but decreasing G/h. To show the results of my method I
took a few screenshots:




















So, 800g in sales over 24 hours, not much, most people get that easily in a day. But if we then compare it to the amount of glyphs I sold, about 100, we see that the average price of each glyph is 8g. Not much you say? You sell glyphs at your fallback for a lot more? Well, remember this is an average. If we now take a look at the production cost, which we can see here:

((Herb-Snowfall)/6)*2+0.50 There you go, the maximum price I pay to make a glyph. Now, lets say that herbs go for 17 (they usually go for less) and snowfalls sell for 13g (my valuation when making cards) we get:
((17-13)/6)*2+0.50=1.83
Then we take the average price of each glyph and subtracts the glyph cost from it:
8 -(((17-13)/6)*2+0.50)=6.166666666666667 ~ 6.16g

That is of course for glyphs that takes two glyphs (I like to use worst possible scenario, you can only be happilly surprised) for one ink glyphs it is:
8 -(((17-13)/6)*2+0.50)=6.83g profit.

Milling takes a little less than 2 seconds while crafting a glyph takes 3. That puts the time at just below 8 seconds if counting lag and such which means I mage 6g in 8 seconds. 3600/8=450 glyphs per hour. 450*6= 2700g per hour! Sure, I don't always sell that much glyphs but the gold:work ratio remains pretty stable. Of course we got to take into account the time spent posting, but that is mostly spent AFK doing other stuff, but even if I spent as much time posting as crafting I would average out at about 1350g per hour, a very good profit.

I know, lots of numbers. One of my (many) flaws is that whenever I'm going to show people something I have to do it with all the calculations made to make sure nobody misses anything.

1 comment:

  1. I'm finding myself somewhat confused about which approach to take with my budding glyph business. I have around 300/321 glyphs in my recipe book, roughly 3-4k in investment capital, and about 500 made glyphs.

    I made a post on my own (newly revived) WoW blog comparing the two camps, but I'm still not really decided. It seems that, unless you're willing to constantly relist, the goblin method will prove more lucrative (especially in a competitive market)

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