Aszune EU is where I am these days and as posted previously, I dusted off my inks, quills and parchments and set up the glyph shop after a hiatus of several months. First couple of weeks were nicely profitable with 10k+ gold each week, with little else to do but open the mailbox and collect the shinies. Its got a bit more interesting since then though.
At first I had only 3 active competitors and I reckon we all did very nicely although I suspect they weren’t exactly pleased to see me. Now however there are about a dozen or so all posting glyphs and at least one of them is posting on two different alts. It’s quite amusing to see as soon one logs off another one appears straight away for the next round of cancel and repost.
The main effect of this is where glyphs were averaging at about 20g each previously they are now averaging half that and a load at under my 3g45s threshold. I even lowered my threshold from 4g15s to 3g34s simply because of the number of glyphs selling in this band. Its good news if you are buying glyphs, but as I’m not it’s hardly ideal. In fact I’m regularly seeing reasonable selling glyphs going for sub 2g, which barely covers the costs and frankly I’m not interested in that kind of mark up. At least one of the original competitors seems to be taking a break (or posting on a different character regularly and his usual bank character only seldom).
It is however all good fun and while my earning have been forced down I’m still good for about 6-8k a week so while the glyph sellers are out in force, it’s still profitable for all concerned just a bit more work involved. The main thing will be seeing who has the patience to stick it out.
So this is where we are up to now:
For a quick who’s who:
Perren – Gem and anything else trader
Arleff – Paladin and current levelling work in progress (lvl 75) Will also need to level enchanting on this one.
Misera – Shadow priest and Glyph maker
Vitari – DK and JC
Cimetiere – Rogue and transmute alchemist
Phugly – name reserved for Goblin
Phuggly – Glyph trader
So Between them all 115k – not bad going and should see me nicely into Cataclysm allowing for whatever gold sinks are required. Misera, Cimetiere, Arleff and Vitari have epic flying and mounts so no major expenses anticipated.
I try not to be solely reliant on glyphs although they remain the biggest earner. Gems give a smaller income overall but are far less work due to higher profits per item. I’ve been limiting this to metagems and the daily transmute just for ease. Perren also sells off-hands, vellums, snowfall ink and anything else that comes his way, although these items tend to be much slower sellers and I really just consider them by-products.
One of the main influences on glyphs for me is mark up and the price of herbs is fundamental to that. Normally I go for stacks of Tiger Lily and Dead Neattle plus anything else that is cheap, my general rule is to avoid paying more than 10g per stack. Herb prices fluctuate wildly and can rise by 300%+ overnight, so grabbing them at good prices whenever the chance arises is my way to go. Seeing sellers with high buyouts but low bid prices are always worth a punt and I picked up a few stacks recently for 60s or so per stack – very nice. I also buy big when the opportunity arises. I bought 200 stacks of Adder’s Tongue for 7g a stack when they appeared on the AH about 2 weeks ago, that helps keeps profits at a reasonable level even amongst heavy competition.
I haven’t got any clear figure in mind of how much gold is enough. Gold cap is easily manageable, it just takes patience – whether I have that or not is debatable. I’ll keep going for the time being, with option of being able to kit out the paladin in i264 crafted goods as soon as he gets to 80 but aside from that I have no major expenditure plans.
I’m curious to see what will happen to the various glyphs which will be changed in Cataclsym, never mind the new ones. Beta information on Inscription remains limited. The new races should allow for a fair number of re-rollers right from the start of the expansion and they’ll all be looking for glyphs as they level. So the outlook for Inscription remains rosy into the expansion, whether it remains the gold generator it has been up to now remains to be seen, but so far its looking ok. Meanwhile, back to the AH….