Since last weeks post I have been diving headfirst into the classic material flipping market. I have learned a lot and generated a lot of sales, so let’s see if we can’t refine the approach from last week!
As you can see from above I have made gold with a wide variety of items. The profit margins vary quite a bit, but is generally pretty strong. In terms of raw gold the profit per item is a little low though. This has some ramifications that we will dive into later.
The two items that brought in the largest profits were Dream Dust and Mithril bars, with 5.7 and 4.6 gold total profit respectively. I did just restock again so I am back at zero, but should get some more profits soon.
Capital is the limiting factor
Capital is extremely limited. I can routinely easily spend all my gold on items that are at great prices. Due to this I really need to maximize the profit, and speed it up. Items that take long to sell are not worth it, and this includes some items I have bought but not sold like Black Dragonscale and Wicked Claws.
Deposit costs will stack up
I got lucky on the Mithril Bars. They all sold on the first repost. If they had not done so, the entire profit would have been eaten up by deposit costs. The higher the deposit cost, the lower your purchase price should be, as you want to post at 90% dbmarket or less to sell quickly. Low vendor price items are great though, as the deposit costs are lower. Herbs are good for this, but the best is of course enchanting materials with zero deposit costs. They also sell fairly quickly.
Experimentation is key
I gradually add items to my groups as I check them out and buy them. As you can see I have attempted tons of items, but unless you can both buy and sell a fairly large quantity the value is limited. Strange dust has brought in substantially more gold than everything above it bar the two best materials, just due to the massive volume.
You need to keep adding to your AH value every day. I am up from 30 AH value to about 90 gold right now. I also do some shuffles, which are not pictured and have probably brought in more in raw sales, but the value is definitely there in flipping.
Updated TSM settings
Since last week I have added a bunch of groups to my setup. I also increased my maximum price as the prices will typically increase over time for a lot of these items, and I want to post at a higher price if that happens. Generally I still try to post at around 100% though as I find that to be the best place in terms of value.