This article will explain the World of Warcraft Auction House and how to utilize this system for profit. Following the advice presented here will provide a starting point for making money in Warcraft. It is important to note that no system is foolproof and based on the dynamic nature of an MMORPG like Warcraft, things can change very quickly. As such, this article is not intended to outline specific details. Instead, it is designed to lay the groundwork for using the Auction House effectively and turning it into a profit center, regardless of the fluctuations in the game.Check out IndustrialAuctionHub.com for more info.
The following material is organized into three sections:
I. Putting the Right Tools in Your Warcraft Auction House Tool-belt II. Guidelines for Being a Successful Warcraft Auctioneer III. Buying and Selling on the Warcraft Auction House
Section I. Putting the Right Tools in Your Warcraft Auction House Tool-belt
In order to be truly effective at the Auction House several tools are necessary. These are add-ons which are easy to install and will simplify the process immeasurably.
Auctioneer Suite: This add-on will modify your Auction House UI, giving you a variety of features and a wealth of information. It is simply the most powerful Auction House add-on available. Its scanning feature will collect data on auction prices and provide recommendations for appropriate bids and buy-outs. The Appraiser feature (accessed through a tab on the bottom of your Auction House UI will make posting auctions a breeze.
Telo’s LootLink: This is an interface addon that stores every item you come in contact with into a link database that you can later browse. It’s useful for linking items you don’t have and searching for item stats.
CT_MailMod: This is a simple add-on that will make managing your mailbox much easier. It expands your multi-mail capacity and offers “open selected” and “open all” options so that you don’t have to handle each Auction House message one at a time. A decent alternative to this is MailGet. This one does not have the multi-mail capacity expansion but it does offer a “Take All” feature to quickly snag your unopened messages. NOTE: In both cases, the add-on buttons that appear in your mailbox UI will interfere with the red system message that shows up when you have more mail items than your mailbox will currently hold.
As stated, these add-ons are essential. Without them you will be losing out on critical information to maximize your auctions and/or wasting time with mundane tasks. Make sure you grab them before launching your Auction House strategy!
Section II. Guidelines for Being a Successful Warcraft Auctioneer
Rules of Thumb
Use an Alt: Don’t bother running the Auction House with your main(s). The characters you have leveled are better served out in the field, either running dungeons/raids, completing quests or farming materials/loot drops.
Be Inconspicuous: It is better to choose a name that will blend in with the crowd than to have something like “Phatlewtz” or “Auctionking” turn up as the seller. The proliferation of “Bank” alt names may have some turning their eye away from those auctions as well, so keep that in mind if you are handling the Auction House for your guild.
Be Prepared: Station your alt near one of your faction’s Auction Houses and keep them handy to accept all the stuff being sent by mail from your main character in the field. If you can afford it from the get-go, equip that alt with a full complement of bags. The bigger the better as it will cut down on transport time.
Scan Frequently: You will want to do two separate kinds of scans: Auction House Scans and Macro Scans. To conduct AH scans, just use the “Scan” button that Auctioneer places on your AH UI. Be patient since this scan can take anywhere from 10-20 minutes, depending on how many auctions are currently posted.