Today you're in for a treat, my first guest post on Phat Lewts' Gold Blog! Hopefully the first of many! Today's post comes to you from a writer named Profitz. Profitz has recently set out on a new server with the aim of making 1 million gold, and is chronicling his journey on his blog, Wow's Profitz. Be sure to check it out for other great posts! Without further ado, "Perfectly Purchased Perfection".
Recently, I've been spending a lot of time reviewing the statistics on The Undermine Journal (TUJ). I'm sure you have it bookmarked already but if you don't, I would book mark this one right now. Not only can you find pretty decent deals (Great Deals) but you can track your own auctions, check undercuts, current market value across all professions, see a break down of what you're selling in categories, what over top-sellers are moving, trending data, and more.
What I found most interesting today is its ability to capture and graphically report market-value on existing gems (whether uncut, perfect, epic) by color. This makes is easier to know what could potentially sell on the AH with your Jewelcrafter instead of mindlessly burning through cuts without understanding their sell points. This gets refreshed every hour like the statistics do. Obviously this is all point-in-time and doesn't last over time so frequent visits to see what's hot is important. Have you bookmarked it yet?
Check this it out - even with color coding to help you identify what's selling/cost quicker.
An excerpt from TUJ explains the colors: "A blue background indicates that gem is selling under 75% of the price of the uncut gem. A yellow background indicates a gem selling for 1.5 times over the uncut price, and the red background indicates a gem selling for 3 times the price of its uncut counterpart."
This picture only shows the Pandaria Gems but it lists them all from Pandaria, Lich King, Meta Gems, and more. Overall, I'm finding as mentioned in an earlier post, perfect gems sell at a pretty decent rate/value (~50-300g/ea) as well as uncut Cata gems in stacks (100-800g/stack), but the normal gems are a tough sell unless you're willing to dump at a low price. Personally, I drop these in the guild bank in stacks of 20 for new toons coming up. Since this market changes SO MUCH and there are SO MUCH competition, I would recommend a 12-hour listing on the AH too. Spend as little coin as possible listing because you might be listing them several times before a sale is made which all eats into your bottom-line profitz....I mean profit. ;)
Game Hard! Sell Harder!
If you liked this post from Profitz you can find more on his blog. In another of his recent posts, Fabulous Flipping Fun, he goes over his recent success in the 80-85 Rares market, another great read. I've also added him to my blogroll on the left sidebar!