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The case for open orders on the auction house
There are changes afoot- PTR build 11599 had variables introduced that mention the mobile auction house. This means that we're probably due for a major AH redesign, and I am talking about more than just the nice "quality of life" changes which bring some popular addon functions into the default UI. I suspect Blizzard is going to have to redo some things from the ground up, so I figured I'd take this opportunity to pitch an idea. Selling on the auction house is a "fire and forget it" asynchronous activity. You choose how often you want to check back and relist, but many people make all the money they need by simply posting 48 hour auctions. This should be how buying works. I think that it would make sense to allow people to post an open order the same way we can post auctions, which would allow people who are selling to choose whether to sell to an existing open order or put the auction up.
EVE Evolved: Trading: Tips and tricks, part 2
If you spot a market manipulation in progress and have some of the item yourself, take advantage of it by repeatedly listing the items on the market in small amounts. When small and medium rigs came out, the first producers made an absolute killing on them too.
EVE Evolved: Trading: Tips and tricks
So far in this guide to trading in EVE Online, I've covered the jobs best suited to new players and some of the more advanced trading techniques like margin trading, market speculation and price manipulation. This is by no means the entirety of what can happen in EVE's marketplaces, but serves as a good foundation for those trying to break into the trading game. In the hyper-capitalistic world of New Eden, the markets are hugely competitive and any edge you can get will help. With that in mind, this final part of the guide will cover a few of the tips and tricks I've learned over the years that have given me an edge in the marketplace. Some are common sense rules that most traders will learn eventually and will be invaluable to newer players. Others are more closely-guarded secrets that I've gleaned from years of gameplay. What is a cyclic product and what do you do when you spot a price manipulation? In this final part of the trading guide, I dish out some of my personal top tips for budding marketeers.
EVE Evolved: Trading: Advanced trading
In the first part of this guide I covered the basics of trading in EVE Online and some of the jobs best suited to newer players. There's a lot more to trading than buying low and selling high and in this week's installment, I'll cover some of the more advanced trading and marketeering tactics that have proven themselves effective in EVE. From margin trading on the market to making a living off the contracts page, anyone with enough dedication can learn to rake in hundreds of millions of ISK per day without even leaving the station. For the gamblers and risk-takers among you, market speculation and price manipulation can produce incredible short-term profit but with significant risks attached. In this second part of my concise guide on trading, I look at margin trading on the market, playing the contract pages, market speculation around patches and the dirty art of market manipulation.
EVE Evolved: Trading: Advanced trading, part 2
A good example of market speculation is the recent issue of moon minerals and the Dominion expansion. It was predicted that the expansion would contain a revamp of the moon mineral distribution system. For those who felt the risk was worth the potential rewards, it was a no-brainer to buy up rare moon minerals now and wait for the expansion.
EVE Evolved: Trading: The basics, page 2
The two primary ways to make money off the items you get are reselling them for a profit and reprocessing them for minerals. Tech 1 items may be resold or reprocessed depending on which will give the most profit. Keep in mind that some named modules actually refine into fewer minerals than their standard Tech 1 counterparts.
EVE Evolved: Trading: The basics
Of all the moneymaking endeavours you can take in EVE Online, trading is perhaps the one with the highest potential for profit. While mission-running profit tops out at a few tens of millions per hour and the profit margin from production isn't that big, trading is limited only by the amount of effort you're willing to put in and is much improved by inherent business talent. At the low end of the trading spectrum, beginners can make a healthy income ferrying items from A to B. At the other extreme, a market-savvy individual can pull billions per week out of the players in EVE's great conglomerated marketplaces. In this first guide in a short series on trading, I look at the different types of trading options available to newer EVE players.
iSuppli estimates the iPhone 3GS costs $179 to make
Did you know that after it is broken down into all of its composite metals and materials and parts, your human body is really only worth about $4.50? Yup, you're cheap in the broadest sense -- all of that oxygen, magnesium, iron, and sodium isn't actually worth all that much in the rare metals market. In fact, according to iSuppli, you're worth way less than the iPhone 3GS -- they looked at the component parts for Apple's new handset, and calculated its raw value at around $178.96. The most expensive components are the 16gb flash memory (ringing in at around $25 per part) and the display (at $19), all the way down to the audio codec board, which Apple reportedly picked up for a cheap $1.15. Of course, there was lots more cheaper stuff (we assume the screws weren't a buck each), but iSuppli didn't actually go that granular. That also doesn't include any of the non-hardware costs: shipping fees, R&D, distribution, marketing, and so on. But it's way more than you're worth, and it's $40 more than the Palm Pre costs to make, too.Lest you start worrying that your spouse will start valuing their iPhone more than your body, however, there is a silver lining. If you break down to the mineral components of the human body, we're cheap, but the actual components of the body are pretty expensive, it turns out. Expensive to the tune of $45 million, if you count up all the money you could pick up from taking out your bone marrow, extracting your DNA, and selling off a lung or two. Just like the iPhone's parts, when assembled, are worth more than iSuppli's $179, you too pick up some value when assembled the right way.[via Engadget]
Starting out in Vana'diel: The auction house
Hello adventurers! It's been a while, hasn't it? We've been put off track thanks to an anime convention and a certain holiday, but we're back and better than ever! Last time I said we were going to talk about the auction gouse, and that's exactly what we're going to learn about today!Final Fantasy XI's auction house isn't your standard ebay-esque system. While there is bidding, there is no such thing as a buyout, and you can't actually buy from a specific person. Items are put into the auction house, you can see if there are any of a certain item in-stock, and you can choose to place an amount of gil for that item. This type of auction is a variant on the silent auction, where there is no auctioneer and rising bidding price. Interested? Keep on reading and we'll get into the specifics of how this system works -- it's a little tricky at first.
Netflix doing away with secondhand DVD sales on website
One thing's for sure -- Netflix isn't afraid of trimming back anything it feels is hindering its ability to excel on its core offerings. On a posting over at the official Netflix Blog, Meghan has announced that the outfit's previously viewed DVD section will be vanishing on November 30th. In case that's not crystal clear, after that day, members will no longer be able to purchase secondhand DVDs from the company. According to her, Netflix has decided to refocus its efforts exclusively on providing DVD rentals via mail and online rentals via broadband. We're also hearing that the firm's current stash of DVDs will be offloaded to a wholesaler for resell, but unless you feel like ponying up for yet another middleman, you may want to snap up a few now while there's still time. Or, you could just complain really loudly and see if it has another miraculous change of heart.[Image courtesy of FutureGringo, via Silicon Alley Insider]
Why Blizzard needs to put AH data on the Armory
There is a certain party, a regular emailer to us among our readers, who believes that we here at WoW Insider take a little too long at the start of our posts to get to the actual point of each story, so in this one, I'll just get right down to it: Blizzard needs to put Auction House information on the Armory.I've been on the grind to the 5000g for my epic flying mount lately, and I've been playing the Auction House like a demon: calculating, buying, selling, and crafting my way to as much gold as I can throw together. And while Auctioneer has definitely helped, the best way I've found to track prices and make sure I get the most for my time in the AH is just to see the prices themselves -- no average price calculated by Auctioneer is worth enough as seeing the real thing. And that's where Blizzard comes in -- while there are a few sites that attempt to track prices with various methods, they have actual, constant access to the prices on every server. And they have a great place to put them: on the Armory.The item pages on the Armory right now are practically empty -- besides some vendor and reagent information, there's almost nothing there (especially compared to, say, Wowhead). Giving player access to AH information would pull them into the game even when they couldn't play, not to mention let some of Blizzard's most talented web programmers -- their fans -- at data that they could do tons of great stuff with. Want a text alert when your favorite mats drop in price, or when there's room on the AH to finally sell off those Elixirs of Agility you've got? By passing out AH info to the Armory, Blizzard could give fans access to the data needed to make their own great tools, not only leaving Blizzard free to work on actual development, but giving us Auction House haunters all the access we need to track prices and have that much more fun playing the AH.
Selling your iPhone
There are many iPhones and iPhone 3Gs being sold right now, and not just at Apple and AT&T Stores. If you're thinking about selling your old iPhone to get a little spendin' cash, here are some simple tips for you:Tip #1 - Pick a reasonable price. What's reasonable? Anything close to whatever other sellers are asking. A lot of 8GB iPhones are selling on eBay in the range of $325 - $450. Will you get that much? Who knows? That's the "joy" of online auctions.Tip #2 - Show 'em the merchandise. People want to know what they're getting, so always take closeup pictures of everything that's included in the sale. eBay has special rules for iPhone sales:The gist of the message? If you're selling an iPhone, put your User ID on all photos to prove you have the iPhone in your hot little hands. Sigh.Tip #3 - Don't want to sell it on eBay? You can always try Craigslist, or you can get a guaranteed price buy selling it to a broker who will turn around and probably sell it on eBay. Some of these brokers include NextWorth (buying 8GB iPhones for $202) and Rapid Repair ($150). That's not as good a deal for you, but definitely a lot less hassle than eBay. Have you sold your first-generation iPhone? Leave a comment telling us how you sold yours, and how much you made on the sale.
Forum post of the day: Beta buying blues
Now that Blizzard has confirmed that beta keys from Blizzcon 07 and Worldwide Invitation 08 will be used to get into the Wrath of the Lich King test, they've become a pretty hot commodity. Sure they're for sale on eBay ranging from about $200 to $600, but what are they worth. I kind of wish I'd been able to go to one of those events to guarantee a spot in the beta. This same thing happened during the beta release of the Burning Crusade. Cheesytacos of Dragonblight thinks it's unfair to folks who win the beta lottery that folks are selling their beta keys for profit. For those willing to part with their keys, the sale price is at least worth the price of admission. I have to admit, it's well, annoying that folks who went to Blizzard's little soirées are granted passes into the new content. We come across the issue of property ownership many times in WoW. In general the assumption is that all things WoW are not actually the property of the players but of Blizzard. Are beta keys the property of the key holders to do with what they please until activation?
Forum post of the day: Using the Auction House properly
The economy in WoW has some interesting nuances. Players spend oodles of WoW gold on their crafting professions, and sometimes manage to turn a tidy profit. I'm often surprised to see some items that are strongly in-demand, like Light Feathers. Shrewd players use the auction house to build their bankrolls. Lomentari of EU-Draenor is exasperated with people who fail to use the auction house "properly." She is angry that other crafters are selling the same product she creates for several gold lower than her preferred price. The items are placed on the auction house en masse at the low low rate, which the original poster blames on Leather Workers skilling up. She feels powerless to do anything about her "massive money loss." The original poster is willing to accept small cuts in pricing, but has a hard time deal with steep declines in prices.
Buying your way through raid content
There's a new game in town, and Artirius of the Aerie Peak server has noticed it, and admittedly, so have I. With attunements gone, it is now possible for any level 70 to go in and see tier 5 and 6 content whenever they want. Of course, they don't generally have a prayer of actually downing bosses unless they have 20-24 well geared people to help them out. That's where gold comes in. With a few thousand gold, you can buy your way into a tier 6 group that doesn't need the tier 6 armor and go along for the ride. A few hours later, you come out on the other end with Illidan dead and a few shiny new drops, even if you've never set foot in Karazhan. It's not just people trying to buy these slots in the trade channel either. As Artirius observes, many raid groups are actively soliciting for buyers for their raid slots. On my own server, one Horde group is trading tier 6 runs for large quantities of certain herbs, promising that all but a few select drops will go to the people who buy their slots with stacks of Netherbloom and Ghost Mushrooms. So what's causing this?
Making/Money: Virtual Red Paperclips
A few years ago now, I heard a news story about a man who traded one red paperclip for a house. There were several intermediate trades, but the basic gist of it was that he started with a paperclip and traded up from there until, eventually, he was offered a house in Saskatchewan in exchange for a movie role. I remember thinking then what an interesting concept it was (and wishing I had thought of it first). He really did not need any particular skills except maybe negotiation. He did not need any money. In the early stages, he probably didn't even need a lot of buzz. Just some connections and a dream. In more recent times, I have seen similar things done in games. Using the auction house and connections with guildies, friends, or just willing participants in the streets, it is entirely possible to trade your way to fame and fortune without ever picking up a trade or completing a quest.
Making/Money: The Diminishing Need for NPC Vendors
An interesting post was put up on our sister site WoW Insider a few months ago now which told the tale of the NPC merchant at Imported Boomsticks in Orgrimmar. Though my home base in World of Warcraft is usually this bustling city, and I have visited that shop many times for repairs and the unloading of grey/white items, it was eye-opening to note that I was one of the people referenced who did not remember the name of that NPC. None of my characters have used guns (not a moral thing - just a convenience one), so I never had a compelling reason to see what was offered for sale or pay much attention to this little shop. I just knew it was there for me whenever I needed to stop by the auction house and take care of some repairs and bag-cleaning at the same time. It then occurred to me that, other than trade goods and recipes, I really hadn't purchased much of anything from the NPCs on any character. It never seemed worth it. There always seemed to be better items to be gleaned from questing or selling goods that other players would pay for. Why, then, are there still NPC vendors selling their wares around Azeroth?
Age of Conan economics 101
You'll be spending a lot of time chopping peope in half in Age of Conan, and will likely get very good at it, but at some point you might want to learn a thing or two about making and spending money as well. Thankfully, the official site has provided a guide that is sure to help Hyboria's budding economists in their quest for coin.In truth, for the most part it's a fairly basic look at some familiar systems that are in the game. The currency will consist of gold, silver, copper and tin, and you'll be able to buy/sell/trade with both NPC merchants and other players. A crafting system is mentioned but no details are given. The most interesting aspect of the guide is the Tradeposts. These will be similar to the Auction House seen in so many other MMOs, but with key differences. It will combine marketplace, mailbox and bank in the one interface, and items can be listed for sale straight from your bank. It is stressed that this is not an auction -- there is a set price, with no bidding involved. Tradeposts will be available in both regular cities and player cities as well, which is great for anyone with a dream of a self-sufficient outpost. Check out the full guide for the rest of the economy details.
Officers' Quarters: Gold rush
Every Monday Scott Andrews contributes Officers' Quarters, a column about the ins and outs of guild leadership.Once your guild purchases all the bank vaults you need, your bank will start accumulating gold without a clear purpose for how to spend it. As the donations and requests from members roll in, it's up to us as officers to decide. The author of this week's e-mail is concerned about the way his fellow officers are using the gold.I recently became a low-ranking officer in a guild after demonstrating utility in knowledge, generosity, and helpfulness to my guildmates. When this occurred I decided to take a proactive approach to the guild and began lobbying for a new guild tab to open up to the lower ranking members. Everyone seemed supportive of this until I started digging into the financials. It seems as if the current state of the guild is members deposit, and the main officers withdraw it fairly quickly. For example in the last week or so 11 members (including myself) deposited a total of about 37 Gold while 4 officers withdrew over 50 Gold.
Optimus Maximus sold on eBay at terrifically inflated cost
You may remember seeing an eBay auction for a NIB Optimus Maximus keyboard a few weeks ago on Engadget. As you can imagine, the news generated a lot of excitement -- particularly from the folks at eBay, who decided it would be a sweet item to feature on their homepage. Thus the auction was ended quickly and relisted in accordance with special rules and regulations, and now some poor, poor soul (or wealthy, as it were) is the proud owner of an auctioned Optimus Maximus. Hey, it only cost $2,750... or just a little bit less than double the list price ($1564.72). Oh you crazy eBayers.[Via TG Daily]
