As many of you have realized by now, I like to share my mishaps and failures in WoW gold making as much as I like to share my success.
This week I've learned a lesson that quite possibly only be learned from playing on a small server. I don't think that this would remotely happen on a server such as Illidan - Horde, which is a good thing for those playing on larger servers. This actually happened to many of my enchanting groups, but I'm going to highlight my group for Enchant Bracer - Critical Strike. This particular enchant I crafted because TSM thought it was profitable to sell at 100g. Great 100g, only 25g in mats, sure I'll craft it, why not! Turns out though that I was the only one on my server crafting these, which is where the mishap came from.
I was lazy when I set up my groups. I put all my enchants in one group and set the Fallback as 175% of the market value, and the Threshold as 35% of the Market Value, then let TSM fix my groups into individual groups within a category. Now this is a fine and dandy strategy if you are posting relevant items where you usually have competition, but for those items that you are the only one posting, it can become quite troublesome to someone (like me) who doesn't constantly pay attention at what prices he is posting at.
The end result was quite hilarious. I didn't notice what was happening until about a month too late. Since I was the only one posting this particular enchant, every time I posted it, the "Market Value" changed to whatever I posted at. So each time I reposted this item, TSM increased the price by a multiplier of 1.75. Now just to put this into perspective, if I reposted 15 times under these assumptions, the 15th time I'd be posting at a whopping 4421x the original price! Below is the result of who knows how many days of not paying attention:
All for an enchant worth 100g! So let a lesson be learned here boys and girls, TSM can do a LOT of thinking for you, but there's only so much it can do. Beware using percents when dealing with rarely posted items, or an item worth 100g can end up being posted at 127k. Hopefully everyone who reads this pays more attention when setting up groups than I did.
If you like my blog follow me on twitter, @PhatLewtsGold!!
Okay. You can probably call it a comeback in this case. I've been gone a long time. So if you follow my Twitter you'll know I recent...
Yes, that long awaited moment is here! I'm officially releasing my new (and improved) TSM shopping lists for transmog gear. You can find...
If you want up to date price sources without tedious manual scans of the AH, the TSM App is the go to for complete data. The app pulls avera...
This guide is going to be extensive so buckle up. Macros are a great way to make your gold making more efficient, and this is going to be a ...