Jewelcrafting also offers players the Prospecting ability; players can break down most Mining ores to find gems used in Jewelcrafting. The Enchantrix addon can calculate the prospecting value of an ore, and when combined with the Auctioneer addon, you can compare the prospect value to the ore's value and determine whether it has a fair chance of producing a profit. For example, on most servers Tin Ore has a significantly higher prospect value than the ore itself, and players can make a tidy profit by prospecting tin from the AH. The low skill needed to prospect tin ore makes this a great profession choice for bank alts!
YouTuber Oldbess recently uploaded a video about this cool method. Generally completing the scenario "Deaths of Chromie" will allow you to pick up the item "Time-Lost Wallet" in excess. You can get it from just killing the mobs or actually completing the scenario in full. By then end you will have dozens of time lost wallets. Each wallet awards 50g AND a rare chance at getting the ]bronze proto-whelp[/U] pet. In the video, this spot was VERY hard for to pull off as it requires a high item level. With an 809 item level I struggled all throughout the scenario and could not make this spot profitable for the time invested. The good news is, if you can get it done, the gold you make will be entirely liquidated – the rewards are 50g raw for each wallet turn in. I suggest you watch it on Oldbess's channel for full details.
This is cumulative, as you take into account each failed sale as a loss. In the event too many deposits accumulate, you must decide whether to continue selling the item inflated by too many sales or finding of another way to dispose of it. One final tip: when you find that an item fails to sell in one AH, selling it on the other may finally dispose of it and get you your earnings.
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2. Once you have an interested buyer, stay firm in your price. This does not mean to never make them feel like they are getting a bargain. You can subtract 5% off the price and not be hurt as long as you still make a profit! Remember this, as that 5% may not be a big deal to you, but the buyer will feel special and might buy the item for the slightly reduced price. I can not emphasize enough that this is not the same as undercutting! Do not drop every good every time or you develop a reputation as a soft seller and people take more liberties in their dealings with you. If you give someone a constant 5% discount, then they begin to want 10% and then 15% until you no longer make a profit. Discounts are used when you feel that the seller may be pulling away and you really want to just profit and move on!