Everything you need--from the basics to theory crafting--to help take you from Noob to Nephalem.
How to Dominate the Auction House
So now that you know the Auction House is where all the gold is, you’re probably itching to get out there and dominate the market. However, before you can become the next Warren Buffet of Diablo, it’s important that you understand what you’re selling, how much it’s worth, and how long it will take to sell. Here are a few quick tips that are guaranteed to help increase your gold flow.
Use It or Lose It
The Auction House affords players 10 slots to sell items at any time. To maximize your gold flow you’re going to have to learn how to make the most of those 10 slots. The best way to utilize your Auction House slots is to always be selling. To make sure that you’re always using all available Auction House slots check the AH, and check it often. Whenever you start playing check it, check it if you take a break, and check it when log off. I can promise you, you’re going to find more items than you can sell, so selling things at all times is the best way not only to make ample amounts of gold, but free up valuable inventory and bank space.
Research is Your Best Friend
So now that you know you want to sell often – how much should you sell for? This is not an easy question to answer; with the markets always fluctuating, finding the correct price range can be difficult, but with careful observation you’ll be able to figure out the approximate value of most items. However, it’s always best to do your homework first before placing a valuable item on the AH. Before selling a high-end rare or legendary item do a quick search to see what other people are selling it for. Is your competition overpricing their wares, or are they under selling? If you’re not sure, wait a few days, search the market each day and take price points. After viewing the market for a few days, you should have a good idea of your items value, and from there you can set your price. This may seem like a lot of work, but it’s worth it when the difference can be millions of gold for the higher tier items.
Price Your Needs (Inventory and Price Management)
Do you have lots inventory? Are you looking to squeeze the maximum value out of every weapon that you sell? These are the questions that you need ask yourself before setting your price. If you’re not playing that often and are able to leave items on the AH for a few days you may want to price your wares slightly higher to ensure that you get the most for your limited sales. However if you’re playing often, chances are you’ll amass a decent amount of loot, and you are better off selling your wares cheaper to ensure that you move your inventory. Finding a balance between selling efficiently and maximizing your profits is something that you have to feel out with time. Try to note which items move quicker than others, those usually can be priced higher without the risk of not selling. Ultimately though, every player needs to tailor their own system for pricing and inventory. Just remember, maximizing your profit is not worth it if you find yourself lacking inventory to house new found items, but pricing things so low that you’re only making a pittance more than what the in-game vendors would sell you is not ideal either. Find your balance that is where the most consistent profits can be found.
Bargain Search (How to Buy Good Items Cheap)
Buying Items on the AH can be a bit overwhelming, but it remains the best way for players to gear up their characters quickly and efficiently. However, it’s important to understand that the gear you level with is like buying clothes for a toddler--you’ll outgrown them quickly and often, so don’t waste too much money. I like to set a budget. Depending on your level it may be 1,000 gold per item, or 100,000, but whatever your budget is, stick to it! To ensure that you don’t get tempted to go over your budget, you can simply type your budget into the maximum buyout price, which will allow only items that fit into your price range to show up in searches.
I’d recommend using the search functions further to help narrow your choices to items that are geared specifically for your needs. To do this simply use the drop down bars to select the statistics that you wish the equipment to contain. For instance, if I was buying boots for my Monk I would most likely search for an item with a maximum buyout of 20,000 gold that contains both Dexterity and Vitality. From there you can even narrow your search further by adding a minimum amount of each statistic that you wish to be met. For me in this case I would go with 100 Dexterity and 50 Vitality to ensure that I only find high quality items in my search.
Using all of the search functions to their full advantage is a great way to not only expedite your frequent shopping sprees, but to guarantee that you get the highest value for your gold.
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