Flipping on the World of Warcraft Auction House
When listening to some of the Podcasts the contributors to GoldGrubs have, you’ll often hear them discussing “flipping” things on the World of Warcraft Auction House. Flipping simply means to buy something at one price, and sell it for a higher price without modifying that item. In this article, I’m going to give a quick over-view on two ways to “flip” items.
World of Warcraft Auction House Flip #1 – The Limited Quantity Item
Some vendors sell items in limited quantities. Those items will have the number the vendor has available next to the item, in a yellow/gold number. While it’s not a “sure thing”, usually the limited quantity items can be bought for their low price, and be sold on the Auction House for a very nice profit.
My Bank Alt, Phatwallet, has several “runs” he goes on for Limited Quantity Items to flip. One of my favorites goes like this:
(Starting out in Ironforge, sorry Hordes!)
1. Go visit the Tailor by the great forge. Second floor, bald gnome in a tuxedo.
Buy the patterns for Tuxedo Shirt (45 silver), Tuxedo Jacket (50 silver), and Tuxedo Pants (45 Silver). Each easily sells for 15-20 gold on my server.
2. Leave the tailor by jumping off the outside ledge on the right (there isn’t even a guard rail on this side!) and head straight for the staircase to the leatherworkers next door. Here I pick up the pattern for a Heavy Leather Ball, for 20 silver. It sells for about 15 gold on my server.
3. Hearth to Dalaran, Port to Stormwind, and pick up some Kingsblood (1 silver 20 copper) on my way to the AH. On a bad day, it sells for about 2 gold, but can spike to 10 gold.
There are some other things I pick up along this “run”, but they aren’t limited items (such as toys in Dalaran, etc, but that’s for a different Article).
Overall, I keep my total investment on these “runs” to under 10 gold, and easily have a return on my investment of about 80 to 100 gold.
World of Warcraft Auction House Flip #2 – The Relist
This strategy requires time to be spent at the Auctioneer, scanning through available Auctions, and it relys on an up-to-date pricelist.
Addons such as Auctioneer are quite useful in finding items that have been listed under market value, and making it quite easy to buy them out for relisting. Daily scanning is highly suggested.
Often times, people will list things on the World of Warcraft Auction House without really knowing what they’re doing. The thought process is “I didn’t pay any gold for this item, so anything I make off of it is pure profit.”. They toss the item up on the Auction House for 5 gold, when the fair market value for that item may be several times that.
Depending on the item, you may want to immediately relist it, or buy it, and hold on to it for a while (which may disqualify it from a “flip” and throw it into an “investment” – again, another article for another time).
The process is straight forward: Buy the underpriced item at 5 gold, run to the mailbox, grab it, run back to the Auction House and relist it for it’s current market value of, for example, 25 gold. When it sells, you make gold.
The only way to really know if the item is underpriced is to have a working knowledge of your servers economy. Using addons like Auctioneer will help you learn that bit of info, but it’s important to know a good deal when you see it as well.
As a user of the Remote Auction House, I need to know the market value of items to know if something is underpriced and ready to flip. Yes, the Remote Auction House will list similar items and their listing price, but that isn’t always enough information to make a decision with. Knowledge is power (and gold) in this case.
What are some of your favorite “flips”? Share them here!