Breaking into a new market can be hard. Especially if it’s a market that seems to follow different rules, than the ones you’ve played before. So for today’s post I’m gonna show you how I approach a new market. But first – a little background.
I hate selling weapons. Mostly cause it’s a really random market. There’re lots of variables and the prices people put up seem more based on wishful thinking than the prices for regular gear. That’s one of the main reasons I’ve stayed away from selling weapons for as long as possible. Problem is: There’s a lot of money to be made in weapon sales, too. The harder the market, the more money. So I’ve started investigating and testing the market, trying to see if it’s possible to turn a buck or two.
I – Research the market
One does not simply walk into Mordor – and one does not simply invest millions of gold into a market without doing proper research. I usually try to simplify a market as much as possible. I don’t deal in gear having more than three valuable affixes, I round down to the next 25 when choosing a market to compete in, I set my item’s prices at around fifty percent of the next lowest buyout. Stuff like that. With weapons, that’s already done for me – with DPS. I’m gonna focus on 1h weapons for now, ignore all the “just bid” items, ignore additional stats and try to create a price “curve” from the prices I get.
Weapons above 900 DPS seem a good choice. Prices between 300 and 500k usually aren’t older than a few hours . Everything above that price-wise is older, so weapons below that should sell easily. With weapons above 925 and 950 DPS, a little more might be possible.
II – Set a maximum you’re willing to pay
I like hard max bid caps and usually look for a hundred percent return of investment. That all goes into my calculations, when I decide on a max bid. And I usually don’t go over my max bids as to not screw up my calculations in the long run. So I don’t have to change my calculator for trading weapons. Now it’s time to scan the auction house for weapons that fall into that category and apply what we learned about bidding.
III – Wait and see
I just did exactly that a few hours ago. Now it’s time to wait for those items to come in and see if they’re selling. I’m pretty confident they will, but with a market as random as the weapon market, I might as well lose a few millions. We’ll see.
On another note: I’ve been catching up with HBO’s True Blood and just saw the third season’s “Burning Down the House”. And wow – if that isn’t one of the best ending scenes I’ve seen in a long time, I don’t know what is. Check it out here: