Thursday, August 2, 2012

Guide to the Auction House 2


Making money from the Auction House is one tricky thing, just as it is in real life. In my previous post about the Auction House, I wrote about a strategy to buy items. This post is about one good strategy to sell your items. For those who don't know you are required to pay a listing fee that is refundable only if your item is sold. If not, then you lose the money you paid for the listing fee. This means that if your auctions are constantly not getting sold, you end up losing money. First go to "By Category" on the top left of the Auction House page. Then search the item that you want to sell. Make sure that your search results appear in order of lowest to highest buy-prices, which you can change at the top right corner of the page. Look at the offer at the top of the page and calculate their price per item. Then when you make your auction, make your price per item a few crowns lower than the current lowest buy-price item. That way, your offer will appear at the top when sorted by buy-price, telling buyers it is the cheapest buy-price, and getting the item/s to be sold quickly. It is also smart to sell items such as materials in groups of 5 or 10, because not many buyers want to buy hundreds of materials or other items at a time.

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