How Video Games Helped me Learn About Markets
In the days of Burning Crusade to about the end of Wrath of the Litch King, I was an avid World of Warcraft player.
Outside of trying to upgrade my gear so that I could do raids and end game content, I also followed Markco who ran a site called Just My Two Copper.
I think I learned more in those six months listening to his podcast and following his blog then I did in any econommic class and hoping to share some of that lost knowledge here.
Selling 1 Silk, 6 Silk, or 20 Silk
Knowing what amounts would sell for a premium and what amounts I could look to buy in bulk gave me the edge I needed in this market.
One way to make money in the Auction House was to sell cloth as it was used for grinding reputation, quests, leveling up the tailor profession, and making bags to carry all your good on your character.
I say all this as it was important to know this information to know how large of stacks (up to 20) of each type of cloth you wanted to sell.
I believe there was a quest in WOW that required 6 silk to complete the quest. If you were lazy you could just go to the Auction House and buy the 6 silk instead of farming it.
Most people would pay a premium for the 6 stack so you could buy 3x 20 stacks for 1 gold a piece and sell the 6 stacks for 40–50 silver a piece (100 silver = 1 gold).
Buying Items to Sell to Vendors
Watching YouTube videos and learning how to use auctioneer gave me the edge I needed to make daily gold with just a few minutes of time.
Some people were just lazy or didn’t undestand the value of what they had and would put items on the auction house for less than what you could sell them to an NPC (non-player character).
Most of the time the profit from this wasn’t much, but if you could get enough items it was worth a quick buck or two.
I was able to do this with an in game addon called auctioneer. I could scan what was…
