Friday, July 13, 2007

My Ore Experiment

Okay, so here's my latest experiment in the Auction House. I'm taking Mithril Bars, and buying every one I see. Usually, there's only 8 or 9 listings, so it's not a huge investment. Then, I break them up into smaller amounts (1-6 bars) and re-list them, but raise the price of each individual bar. For example, I bought 20 bars for 17 gold, which puts each bar at a little less than 1 gold. I re-listed them in smaller amounts, with the prices per bar at 1.5 gold. This way, the total amount is less, but I'm actually making profit. Also, I can now cater to people who only need 1 bar, or 2, or whatever, who might not buy if I listed in stacks of 20.


Really, it's just a way of tricking the consumer. Like how everything is $xx.99. The fact that it's 1 penny less than a whole new number doesn't matter, because it LOOKS cheaper, as long as the front numbers are small. So, this is kind of a dirty trick I'm trying, to see if I can short-sight the buyers and make easy profit.
I'll keep you updated on how this works out!