Saturday, October 30, 2010

Don't Panic!

I was prepared. With 25+ of every glyph, thousands of ink and herbs in reserve, and a last-minute buyout of pretty much everything glyph-related from the AH, I posted my wall of glyphs right before the servers dropped and dreamed of gold caps.

Two days after 4.0.1 hit I'd only made 20k in sales and was still in the red. The day-one reports of 50k, 150k, 300k profits by some of my fellow peers was like adding salt to the wound. What had I done wrong?

I kept going through the motions, buying out herbs below 40g a stack and glyphs below 10g. I lowered my threshold, lowered my fallback, started undercutting every 30 minutes, even bought out everything below 20g to try and reset the market--nothing seemed to help. My dreams shattered, I was ready to throw everything I had into a 10g wall in order to punish the other scribes on the server.

Suddenly, a glimmer of hope appeared in my mailbox: six different glyphs sold at my fallback. I rushed to Iressa and Fanin, begging them to show me how my wares were faring. A handful of other glyphs were all selling, many of them at my fallback value. My competition was running dry and, five days after the patch released, I started to gain control of the market.

When I'd thought that my competition had won, it ends up my server is just a little slow. Many of those who pulled in 50k or more on the first day found their sales dropped sharply after whereas mine have been only steadily declining. Who would have thought a more laid-back server would have more laid-back purchasing patterns?

Two and a half weeks later, I'm at 200,000g in sales and 160,000g in profit.

The moral of the story? Don't Panic. What happened on one server will not necessarily happen on yours. Oh, and don't buy out *everything* below 20g or you'll end up with six stacks of Glyph of Voidwalker. No one wants that shit.

Next time I'll be sure to bring my towel.

1 comment:

  1. Nice post, good lesson. Patience is the key in most strategies as your tale demonstrates.

    I missed Glyphmas mainly because I didn't feel the speculative risk was worth the cost--I would have had to drop a max profession to level inscription to max on one toon, and wasn't able to get another toon to the L65 required in time.

    Hopefully, this will pay off in the long run but as more and more evidence shows, perhaps I made the wrong call.

    Time will tell.