15 March 17
Gold on hand before distribution: 40,693
Items posted on the Auction House: 147
It was a very profitable two weeks. I made more gold in the last 14 days than I expected to make, on average, over a two month period. How did it happen? I’d call it getting lucky, but before I talk about luck I want to talk about the AH flipping game. The goal of course is to find an under-priced item on the AH, buy it, re-list it for what it’s worth, and sell it for a profit. For an example: buying something for 10 gold and selling it for 300 gold, for a net profit of 275 gold (300 gold – 15 gold (5% AH cut) – 10 gold purchase price).
The object then becomes reinvesting the 275 gold profit to buy 20 more items and resell them for a profit of 5,500 gold, and then re-invest that amount to buy 550 more items and resell them for a profit of 151,250 gold….etc. Unfortunately, it is not as easy as this. Flipping has its difficulties as a gold making source for a number of reason which I’ll explain in a future blog entry.
Realistically, at this point, I am expecting to make an average of somewhere around 8,000 gold every two weeks based on my experience. As my market share of the Auction House increases over time, my profits should also increase, all things being equal. But instead of making 8,000 gold over the last two weeks, I made over 40,000 gold, which was the result of being lucky a few times within a short period.
There are two kinds of lucky while flipping stuff on the AH. The first kind of lucky is when you come across a very valuable item on the AH, posted for a few gold by someone who has no idea what its really worth, and you happen to be the first person to see it there and scoop it up. The second kind of lucky is when one of the very valuable items you have re-posted on the AH actually sells making you many thousands of gold in profit. I got lucky a few times the last two weeks. I'm hoping my luck continues.
Retired Army NCO, Logistics Manager, and Habitual World of Warcraft Player.