A Simple Money Making Technique with Auctioneer

[tsincaat]

Right now with the launch of WOTLK prices can be quite volatile. While Auctioneer has a great resale function when market prices are stable, many items are rapidly changing in value, which can invalidate this. Instead, I'm doing this by hand, looking at a few items that I know are relatively stable, and using Auctioneer as an assistant.


Getting Started

1. Download Auctioneer (The Suite) from Auctioneer addon for World of Warcraft
   
2. Extract to your WoW/Interface/Addons folder
   
3. Log onto WoW and make sure the whole suite is enabled.

Building Search Data

In order to get accurate market values and information, you need to let Auctioneer scan the AH. I scan at least once a day. Scan as often as you like. Within a week, you will have a good amount of data.

If you know prices on your server, you may be able to start right-away after your first scan.



Finding Good Markets

You now need to find some items you can make a profit off of. Items that are in high demand and move quickly through the AH are good choices. These are commonly materials, like Cloth, Leather, Essences. The more of these you know, the better.

Take a look at my WIP Watch List:


Watch List

Dusts

Infinite, Illusion, Dream, Arcane Dust

Essences

Cosmic, Planar, Eternal Essence

Elementals

Eternal Air, Earth, Fire, Life, Shadow, Water
Essence of Air, Earth, Fire, Undeath, Water

Cloth

Frostweave Cloth, Netherweave Cloth, Runecloth

Herbs

Frost Lotus, Icethorn, Lichbloom, Mana Thistle

Leather

Heavy Borean Leather, Borean Leather, Arctic Fur, Knothide Leather

Metals

Froststeel Bar, Titanium Bar, Saronite Bar, Cobalt Bar, Eternium Bar

Ore

Titanium Ore, Saronite Ore, Cobalt Ore, Eternium Ore

Making the Money

You are looking for auctions that are going below the market value. This is indicated by the "Pct" to the right of the price when viewing auctions.

I went and took a look at Runecloth



The auction at 32% of market value can be bought and sold for full market value, or a little below if necessary. I went ahead and purchased it.

When Reposting it from the "Appraiser" tab, I can check that I am "Price Matching", beating the competition, and see the total value that I will be selling for.

After a few hours, I checked back.



While this certainly wasn't a big ticket item, I still managed to sell this for almost 300% of the original price.

With this method to make a lot of money, you need to watch as many items as you can. On the search tab, you can open "Snatch" and use this module to watch for items at a certain price and below. With this you can easily control a whole market, or simply use it all your items to find those with a value below a percentage with just a single scan of the Auction House.

Undercutting

In many cases in fast moving markets it's okay to let others undercut you. I generally try to sell for close, or just a little under the market value in these markets. When people undercut you, in many cases their auctions will be bought out, then yours will be. Because the market value tells me that auctions on my server sell for that price on average, I know that as long as the market value remains the same or goes up, my items will surely sell.

I bought these auctions of Frostweave at around 25 gold and Auctioned them at 36.



A few hours later…




This is a relatively simple method, it's probably not going to pay for your epic flight mount. Regardless, it's a good start to auctioning. Look forward to more advanced methods posted in the future. If I can, I'll also post a few of my sales as UPDATES in this thread as they're made.


Updates

November 26th Update


December 3rd Update


More Auctioneer Goodness

If you're looking for a great guide for Auctioneer take a look at this post by Ryoushi.here with great tips and auctionable goods.

[hocius]

Thanks. Nice guide! +rep

Edit: Waiting your future auctioneer advanced guides :P

[Silvers24]

Def. a nice guide though.
I've tried it a couple times.

[Rynosaur4472]

verry commonly done, however its a good thing to get started with if you havent. This guide is great for just that.

PS: yes it can get you your epic flyer, just takes some time to get used to

[Snapple]

Thank you for the guide! Runecloth is almost certain to sell

[da_bizkit]

well when i complate the scan i get 190+ pages .... do i have to check the PCT on every one of them ?! cause i can't find better way :/ the old auctioneer was way better imo -.-

[Apocalypse]

No you dont. up in the top left corner there are 4 buttons. a PLay sogn a pause and a stop. but there is also this key looking thing and it says to search using real ui or something like that. well right click on it and it brings up another frame and you can search the AH by using filters and such. you can read about each of these filters and such in that frame while also, it takes a couple minutes to load because it is essentially dragging all the items you want to an easier format.

[tsincaat]

well when i complate the scan i get 190+ pages .... do i have to check the PCT on every one of them ?! cause i can't find better way :/ the old auctioneer was way better imo -.-

Hi da_bizkit. If you're using the wotlk 5.1 beta you will see a search tab along with the other tabs below the main window such as "post" and "appraiser". If you are using the 5.1 release, search is one of the windows that can be accessed from the hidden pop out menu just below the minimap.

When you're looking for good deals, it's best to have a list of items that you check on a day to day basis, rather then scrolling through every page. A lot of low pct items may not be good deals if they are no longer needed (ie for Burning Crusade content). As I said in my original post, tradeskill mats are great because they move fast.

5.1 Release


5.1 Beta

With search, there are a number of searchers you can use. I'll be going into some of them in a later tutorial. As I mentioned at the top of my post, there is the "Resale" searcher, which is what you're probably interested in. You can search for good buys below a certain percentage or profit in gold. I haven't been using it with wotlk because many items have greatly decreased in value, causing a lot of "false-positives". It is, however a very good tool if you know your items and their values.

[xQzme?]

nice guide mate +2rep

[Ryoushi.]

I'll add a link to this guide from mine.
I think this is one of the only introductions to an auctioneering addon that is actually helpful.

+Rep.

[dotOrion]

Helpful guide, thanks for sharing.

+rep

[tsincaat]

I'll add a link to this guide from mine.
I think this is one of the only introductions to an auctioneering addon that is actually helpful.

+Rep.

Really appreciated, and a good idea! I've posted a link to your in mine

[Cr3x]

Nice Guide +Rep
Edit: i cant give more rep today!

[da_bizkit]

Thanks for the guide and the answer... after the update of auctioneer it became useless to me cause i couldn't navigate through the menus... now i hope i can start auctioneer again ^_^ +3 rep

[faralos]

this is a good guide mate, but i guess its pretty obvious anyway nice for those who dont knows it