Hopefully you’ve all had a chance to review my Auction House Domination primer by now, because today we’re going to get a little more in-depth with the first step. As I previously mentioned, we’ll be taking a deeper look at all of the steps so that you guys are totally prepared to jump in and start making some steady gold from this method. Today’s focus is:
Gold Secrets Auction House Domination
Finding A Profitable Niche to Dominate
OK, so how do you decide which niche to enter? Unfortunately, this is the truly boring part, because it largely just boils down to a whole lot of research. My personal process is as follows
- If there is a trend I can cash in on, start there. This really only applies around holidays or new patches / expansions.
- If there are no profitable trends, pick a broad category. As a specific example, let’s say Gems.
- Since controlling every gem would be far too much work and would cost a ton of gold, we need to drill down. Which gems are most in demand? Well, everyone loves to DPS, and red gems have great DPS stats for all classes. Let’s start there.
- There are quite a few red gems, and some sell substantially better than others. Given that our goal is to pull gold from the gigantic DPSer market, let’s stick to the basics. We’re going to go with the agility, strength, attack power, and spell power gems to start.
- Do I have enough gold to easily control all of them? To handle a spike of new ones from someone who was hoarding? If not, which one or two are likely to bring in the most gold? Let’s say I have enough gold to handle 2. I’m going to go with the attack power and spell power gems, because that covers the vast majority of classes.
Once you’ve drilled down to a manageable niche, you’re ready to create your alt and start the gold flowing in. In my experience, the most consistent gold comes from recipes, consumables, crafting materials, and twink items. More Gold Secrets to come!
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