Auctioneering 101: Observe
Nov 4th, 2007 by tyson
Hello there and thank you for taking the time to read this. If you’re at all interested in making money within a virtual or online game (or even applying some of the theories to real life), I can almost guarantee you’ll get at least a little something out of this site.
Apart from my 8-5 day job, I’m a successful auctioneer in the current most popular online game, having racked up well over 20-25,000 gold with relatively minimal work. This is on several servers and not all on one character mind you. Before this I was a successful auctioneer in the last most popular game in North America, and a little after that, acquired about as much as anyone without too much work in yet another (and lost it all falling for a scam!). The methods I use don’t require camping for hours, and do not require a large initial monetary investment - merely a little time to learn and observe.
With proven methods I can show you how to take a character from meager beginnings until he/she’s got just enough to buy “something” and then in short order, play with the big boys. My goal is to share this technique over time - you won’t learn it all at once (at least I didn’t) - because to tell the truth, I have nothing to lose and who knows, might even end up with a few new friends.
So I thought I would start this blog to let others in on the secret of quickly gaining money in the auction house, or in any game with some sort of bartering system/channel. You’ll find it’s not too hard but does require some knowledge and experimentation. It’s also a fun, low time-cost activity at least once you get going. At this time I just check the Auction House (AH) a couple times a day for a few minutes and that’s it. It still brings me pretty good revenue. What you’ll gain is this: the ability to help friends, techniques you can apply to real life, “twinking” your lower level characters to progress through the game faster, and outfitting your characters with the best stuff you can buy. My plan is to help you not all at once, but in servings and useful tips, so that you can become rich, too, in your virtual world of choice. The examples will mostly be with World of Warcraft, though a lot of the techniques are not MMO specific.
The great thing is that I believe this knowledge can apply to business anywhere and am myself anxious to test it out. In fact I’m already doing so.
Very recently, I logged off World of Warcraft with a 540g net profit on an item where, with about 2 minutes of work, I became that much richer. Since the current most expensive thing in the game is an epic mount worth about 5k gold, I just made 1/10th of that in 1/30th of an hour, typing out about 3 sentences.
For my first blog post, I’ll end with this, and a tip. You’ve seen them before, these auctioneers… mostly in a bad light I’m sure, if at all. You are pretty sure many of them are farmers (wouldn’t be far off from the truth - not me though, couldn’t tell you where or what). No, that is not my secret. Nor is, though reliable enough in the short term, having characters stationed at vendors that sell rarely spawned or hard-to-reach items, shoveling them to a central AH character to sell, and making just a tiny profit. My method is easier, pretty much foolproof (there are always deals), and doesn’t take special knowledge, just a little initial time to figure out.
So here’s the first tip. It might seem a little silly but there’s reason behind it.
Tip #1: Visit your local auction house and/or bartering area, make sure the trade channel is open, and just observe. Learn how it works, and do a search for rare or epic items. Look at lowest and highest prices. Learn the interface and what kinds of things are available. If you’re doing this in an MMO with a trade channel, observe what high price items are going for and what people generally are selling/wanting. That will help later when you are making quick decisions on what to buy and for how much. Key #1 is observation. Don’t worry about writing anything down, you’ll start to remember soon enough without paper.
See you next time.

