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This weeks Freeloader Friday is another question, again about glyphs! It comes from ‘Alex S’ and his question is
“Sarainy help! I’m not sure what glyphs to make!”
Now this ties in really well with my previous post today, on using KTQ to queue all glyphs. This strategy just relies on creating everything out there because you know eventually at some point or other it will sell.
However…Alex throws a slight spanner in the works.
“…and after spending all my money on all the Glyph Matery Books I don’t have enough money to just blow on creating a few of every glyph.”
Hmmmm, okay so that changes things a bit. Alex now needs a way to only create the profitable glyphs on his server. This is actually a fairly common problem for people new to inscription and glyphs.
It is also an issue for people who don’t want to spend the time maintaining stacks, or who can’t create bank alts to hold and post large amounts of glyphs.
So what ways are there that can help ensure you only create the glyphs that are profitable?
This needs to work on every server, so no listing of specific glyphs please!
As always help out and give some suggestions in the comments!
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Go search the AH for the most popular and most expensive glyphs (say 10-20g+ in value), invest a little money on herbs, and start crafting! That’s how I started my journey onto the real gold.
Well, technically speaking, all glyphs are profitable so long as you sell them for more then you made them. :)
All glyphs sell eventually. Some sell at a snails pace, some sell very quickly. A great place to start for which glyphs to craft is at the WoW armory. In particular, the top list shows the top sold auctions by day. If you sort by item name, somewhere around page 9 or 10 you’ll find the glyphs (http://www.worldofwarcraft.com/toplist/index.html?en,auctionsold). Whether or not these glyphs can be sold profitably varies based on the market pressure on your server and your ability to acquire cheap herbs. In any case, it’s a good starting point.
The next thing to bear in mind about glyphs is that they’re not impulse items. People wont buy a stack of them because they’re a cut-rate deal. People buy glyphs when they level, respec, or want to try something new. The price they pay doesn’t matter so much; if they need a glyph of seal of vengeance, they’re going to buy it whether it’s 4g or 44g. There are some exceptions…for example, when my stocks get low on a particular glyph, I’ll start pricing 8 or 10 of them down in the 3g range. Invariably, my competitors with Auctioneer will drop 3 or 4 at a lower price. I simply pick up all but one of theirs (so people don’t start buying out mine). Over the course of the evening, I’ll refill my stocks from competitors, cancel my auctions, and relist them back up in the 20s, 30s, or 40s. The system works so well on my server that I haven’t made a glyph in several months (other than one emergency stack of unburdened rebirth).
Given that glyph price doesn’t affect demand (unlike, for say, infinite dust, where if I dump a stack of 20 at 99s apiece, I can guarantee it will be gone in 30 seconds), it’s not wise to fight tooth and nail to keep your auctions the cheapest…all you do is eliminate your profitability. Remember that one glyph sold at 40g is worth 10 or more at 4g (more if you count effort to make and listing fees). If there’s a lot of competition for a given glyph, either buy them all out and relist them at a higher price or sit on the glyph for a bit. Resist the urge to drop your threshold.
Pay attention to your competition…look who sells the most glyphs over a period of time. Put them on your friends list on all your toons. As soon as they all log out, pop over to your bank alt and mass list…do it quickly, don’t linger to look at auctions. If they’re half as good as you, they saw you log on and they’re waiting for you to log off. Stay a while after you post…read your mail, look for bargains. As soon as a competitor loses patience, log off and forget trying to win the bidding war.
Sadly, there’s no replacement for not making some of every glyph. Each server’s population is different. If you want to make the most money, you need to track what sells on your server. I’ve not found an addon that does a good job of this, so I use an excel spreadsheet.
Once you know what sells well on your server, you can start being evil. For example…Glyph of Seal of Vengeance sells well on my server, and frequently there will be 30 or 40 of these on the AH in a bidding war down to 3 or 4g. I wait until about an hour before common raid times (about 6pm server time on my server; yours may vary), buy up every single glyph that’s reasonably priced and relist a bunch of them for 50g. I’ll generally spend about 100g acquiring the glyphs and sell 5 of them while my competitors raid, for a net 150g profit and plenty of stocks to force the prices down the next day. I actually vendor extra stacks of Glyph of Seal of Vengeance because the market can’t absorb the 30 made every day by the competition. But the market will pay 50g for them.
Anyway. Apologies for the long response. Hope it was helpful.
“Now this ties in really well with my previous post today”
Yep.
One addon you forgot (I just noticed, actually) is Lil Sparky’s Workshop.
http://wow.curse.com/downloads/wow-addons/details/lil-sparkys-workshop.aspx
If you have that, and skillet, and you do auction scans semi-regularly, it should tell you the “average” profit per item. Just get some mats, look through the list for some money makers, and hope for the best.
Of course, there could be some people that are flooding the market with that certain glyph, so its always best to check the AH availability before committing the materials.
http://wowenomics.wordpress.com/2009/10/28/the-top-10-murphy%E2%80%99s-laws-of-wow-trading/
^Read this, and engrave it into your desk, under your keyboard, for easy reference.
Lil Sparkys Workshop should add the price the glyph sells for in your profession window. It will also list the rough cost to craft the item.
Then you can see the glyphs which sell for the most profit.
Though I would still double check the AH before crafting.
http://www.wowpopular.com/ has some ideas on what the most popular glyphs are by class. Go for classes which use dual-spec a lot (hybrids, tank/dps/heals) and maybe choose their first or second most popular. As with all databases, this could be taken off of old data. Not sure how often they update.
Knowing which glyphs are for sale doesn’t tell you which ones are selling. I had a browse through sites like Elitist Jerks and the WoW class boards; have a look at what people are recommending for cookie-cutter specs and start with those. They are not always the most profitable but they do sell, with melee glyphs tending to have much higher sales that caster glyphs. I find my highest sellers are DK, warrior and paladin glyphs, followed by druid, shaman and priest glyphs. Hunters and mages (on my server anyway) seem to change their glyphs rarely) rogues and warlocks are patchy.
As someone pointed out to me in a previus thread, it’s the hybrid classes that change their glyphs mpre often.
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Took me a while to work out that you were asking a question at the end of the post there :P
What I’d say to Alex S is grab Auctioneer and get some scan data. Once you have a good idea of the prices, work out your cost per glyph – basically, how much does it cost to make an Ink of the Sea, plus parchment. Then just make glyphs which go for more than the cost per glyph, so you’ll be guaranteed profit. Maybe to start with just stick to ones which are several gold more, rather than cutting it too close.
Best of luck,
Vel.
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