Giving Away Gold

I hope everyone had a great weekend, and I hope even more of you have the day off work (I sure wish I did.) However on to today’s topic, Giving Away Gold.

If you read my last post, I talked about giving a gift to your farmers. I want to expand on this idea a little. If you ever hope to reach the gold cap, you need to worry about having repeat customers. Go back and read that last sentence again, it’s that important. Repeat customers will be your bread and butter on the way to the gold cap. Don’t believe me? Start tracking who buys what from your auctions. You’ll probably have several of the same M&S buying random glyphs from you, or the same people who respec every week who need the glyphs and buy them all the time.

Now to the title, Giving Away Gold… I am NOT condoning giving out your gold to bums and M&S, however I had one of my customers come up to me the other day. The glyph he needed was posted at my fallback price of 60g. He asked if I could make him a deal. I then gave him the glyph for free… yes FREE!

I know, I lost a 60g opportunity cost – but that is very short term. This guy will remember I gave him the glyph for free, and he will come back and buy more later. Now this wasn’t just some shmuck that bugged me, but I knew it was someone who was in a good guild and tanks, DPSes and PVPs. I donno if he’s bought from me before or not, but I KNOW he will buy from me again.

Business update… I made 12k over the weekend and broke past my 75k goal! On to 100k!

Goblins are not Grinches

Merry Christmas everyone! Just a short update, I’m currently at 65,000g. I’ve spent so far in the last week about 5000g on herbs and 2000g on gems and enchants for my main raiding toon. So that gives me a total of 22,000 gold for the week… defiantly my best week ever.

Just wanted to remind everyone that just because we are goblins does not mean we can’t be kind and generous to our friends in the game. Do yourself a favor, send your farmers a Christmas present via in game mail. It’ll make them feel good, it’ll make you feel good, which makes business run smoother for both parties.

I hope everyone has a safe and fun holiday.

The Boringestive Buisness Update... EVAR!!!

You may notice, the bank total has gone from 21,000 to 28,000 in the last few days. I’ve also managed to get another 1 ½ bank tabs of inks in that time. How?

The first thing, I’ve noticed a lack of competition lately. Prices have been higher, I’ve been undercut less and don’t have to repost as often.

Secondly, with the addition of my 3rd farmer, and my large stock of inks, my spending on inks has now “normalized” a bit and thus my income/outgo is less spiky between posts.

Finally I’ve made sure that I always have 5 glyphs in stock, rather than 1. I’ve noticed this helps a lot.

So there’s my blog for the day. Be sure to check out the drama between Gevlon and Marco. /popcorn.