Buy Low, Sell Normal
There are always one of those gold making tips, ideals really that get past down from one generation to the next. I find it rather almost insulting when the next generation of gold makers look down on old ideas, and try to claim that are either stupid, useless or just down right wrong.
For many people who read this blog, in your eyes, I’m rather new. I’m aware of this fact even know, I was a long time reader of JMTC from as far back as Wrath, back when it was worth reading and not just this plain boring nothing new full of ads and scams that it’s become together.
But this isn’t about the rise and fall of JMTC, this is about Buy Low, Sell Normal. For many gold makers, you’ll know this from Markco, a once high-end player in the Gold Community, today he’s found around his Daiblo 3 site putting out content as he did for JMTC. I get it, for someone like Markco it was about the business aspect of it then it was ever the community. This is clear in the sale he made of JMTC months after he basically stop playing the game, stop putting out his own post and outsourcing the site to other gold makers.
He became bored with the game, every one of us has had it happen, some of us leave and never come back and some just take a short little break. Whatever your reasons are, this has been an ideal that holds water if anything.
What is this Sell Normal?
Selling normal or what I like to call the Market Value of an idea, to how much it’s worth. This can change from server to server, it’s all base around the community and how much people are willing to pay. Here is an example of buying something low and selling it normal.
The normal price for a stack of Wool Cloth is 2g 50s, own to about 1g. This is for the whole stack, selling normal would be selling it at 2g 50s. Let’s say you see only one stack of Wool Cloth up for 85s a stack, that far below the market value, if you where to buy it (buying low) and turning around and flip it back to 2g 50s, you are making profit.
We in the gold community call this flipping, you’ll hear about it on many podcasts, forums and blogs in terms of BoE gear or epics as you could say. Flipping is taking anything at a lower price and selling it at a higher price.
In my example, many people will argue and say NO you sell HIGH why sell it for 2g 50s a stack when you could sell them on at a time at 6g. Well you could, and more than likely if no one else undercuts you, you’ll likely sell it at 6g per, making MASSIVE Profit. But this isn’t something you can keep doing.
I know some players will say that well you should try to make the most gold you can. True but the problem is that some times, players will see something going for a whole lot and they will do two things generally.
1) They go farm it and post it deep undercutting you.
2) They go farm it themselves as they refuse to pay your high mark up.
The point is chances are you’re not going to be able to keep the price at your HIGH price for ever long as you can’t control other players and what they do in the markets. You may get a few sales. Just like in the Transmogrification and 77-80 markets. Yeah you could buy the items cheap and sell them for massive profit, but that didn’t last long on most servers as new people came in a deep undercut you.