Originally Posted by Dollar
A. Don’t nickel and dime. It isn’t worth it to buy something and then resell it for a gold more. You will hardly make any profit after the Auction House cut and if it doesn’t sell the first time you may lose money on the deposit. I usually shoot for at least 15g profits.
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I disagree. Nickel and diming herbs and enchanting paraphernalia are *insane* sources of cash. Such volatile markets, even waiting 6 hours in some cases gives you the room to boost the price just a bit, and then you're gold. Tinkering in the margins of herbs/enchanting has been a huge money maker from day one of WOW, and it remains so to this day.
I got to 70 in June on a server I never played before with no friends and totally new faction starting day of Burning Crusade release, and I had enough money to buy flying and epic flight training day-of (even after shelling out for epic mount, got lazy and didn't do dreadsteed right at 60 because I didn't want to go back to the old world.) My money, aside from the obvious trickle of quests rewards, was all from nickel-and-diming enchanting mats and low end gems (with the lions share coming from the thorium gems and other pre-socket things.) By 70 I think I had the patterns for all of two blue cuts, the spell pen Solid Star and the parry Living Ruby (ugh) but that nickel-and-diming had taken me to the top even without the good cuts.
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E. Don’t use Auctioneer... It constantly undercuts too much and generally wastes your time/memory. You aren’t saving yourself any time by spending 20 minutes scanning and then having it do it automatically. Search the item that you are going to sell and relist it a tiny bit under the lowest price.
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"NEVER buy a fork... just the other day I used it to eat my soup and it all just slipped through! I got like, two drops for every scoop"
Or in other words: Garbage In, Garbage Out. Auctioneer is a brilliant, indispensable tool but it requires adjustments to the user variables based on your server's market and trends. You have to configure it for best results for you, just like Pitbull or RDX or anything else. If you use it out of the box and just hit "scan" and let it list your auction, you are eating soup with a fork and it is not wholly the tools fault one achieves undesirable results. Learn to use it and tweak the user variables for your server conditions, and you will be saving a ton of time and eating steak in ways that a spoon never could.
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A mod can not really see the fluctuations in the market like a person can.
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I see this as a benefit, not a drawback. Human beings are things that daytrade and buy lottery tickets and spinning rims and don't max out their annual contributions to their 401K until they're 35. Having a tool that only shows you objective data and has no motivation or ambition grounds you in the cold hard economic reality of the situation instead of relying on a faulty recorder in your head that can lead you to make irrational decisions on gut instinct.
Here is a guide to help people understand and set up Auctioneer:
Auctioneer - Norganna's AddOns