Warcraft Economics – Auctions, Profiteering, and Helping Others
Filed under: Economics, Entertainment, Lockjaw's Life, Opinion
I love to play World of Warcraft. Questing, killing beasties, gaining achievements, and Player vs Player are just entertaining things to do on a nice relaxing evening. One of the great things about WoW, as it is known, is that there are so many different ways to play the game. One of my most enjoyable things to do, though, is profiteering. I farm expensive materials, gather sellable quest items, and pick up items from vendors in my travels for resale.
My favorite way to find things to sell, though, is to scan the auction house for items that are, frankly, being sold too cheaply. I buy them at the seller’s asking price, and immediately place them back up for sale at a higher price. The price I sell for more closely matches the price that the market will bear. Sometimes, I can multiply my investment several times on one item.
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