Thursday, February 7, 2013
Walling Markets - Attack Plan Experiment: Phase - Alpha
As you can see from the screenshot, I have started a very small battle to see what happens...lets say.
I am walling the bag market.
The Netherweave Bag market to be exact. I chose this market after quite some thought. I felt it would be a great place to hone my skills in the off-kilter arena of the auction house.
If you haven't noticed, I like starting at the beginning of things. It makes it much simper than starting in the middle and backtracking. Losing thing gained prior... That just doesn't make sense, to me at least.
Like killing everyone, and then trying to ask questions...It's just not going to happen.
What is walling?
The general idea of walling is, creating a gold wall to force competition out of a market - The upper echelon goblins use this technique for a variety of different reasons. Most however just use it to force hunkered down stubborn competitors out by driving the prices down to the threshold/floor or even further....through that floor and end up spending gold themselves to keep their wall active. Other's use walling to stop the undercutting war that goes on in volatile markets such as glyphs.
Now that we have a basic understanding of what a wall is...I will go over my tactic. ( I just started so there could be holes, I am using this to learn, to teach myself, to make mistakes and benefit from them)
I chose Netherweave Bags because they are very simple and I like starting small and working my way up through things as I feel more comfortable.
1 Netherweave Bag = 1 Stack of cloth + 1 Rune Thread
I got all my cloth for 20g or less - Rune Threads are 35s per and posting price is 60s @ 48 Hours - so the cost for one bag:
I took the price for the bag and asked myself how much I wanted to make off each one...I don't want to lose money doing this so I just priced them flat out with 99s and 99c respectively - This will pay for the thread and deposit nicely, plus a tad here and there left over for what have you.
Next I looked at my plan, I wanted multiple walls with a pretty high buyout price.
I first decided on 4 walls 10g apart starting at 25g and going up to 55g
4 walls 4 bags in each wall - with a total buyout price of 640G
This was alright, but I thought I would take it a few steps further to try and minimize buyouts from the get go as the bag market is pretty competitive on my server.
I took my idea from my bank slots - "I know, I will sell 7 bags per price that way if someone wants to fill their bank they can!"
So, I now had 5 Barricades with 7 Bags in each:
7@25 - 7@35 - 7@45 -7@55 and 7@65 for a total buyout price of 1575
A much greater wall than previous but still I think could do even better....so I sent 21 bags to another alt to post at the first three prices, beef up the lower section of my wall as those would be the ones to sell out first!
now I have 14@25 - 14@35 - 14@45 and still 7@55 and 7@65 for a grand total buyout of 2310!
That's it for this time, now we wait and see what happens tomorrow!
Thanks for stopping by, as always!