About a week ago I finally followed through on my threats to crash the glyph market. It was something I had wanted to do for quite some time, but never really got around to doing. So after a few weeks of stockpiling cheap inks, I sat down to craft a boatload of glyphs.
I will admit, I got cold feet at first and started posting at normal undercuts for a few days. Interestingly enough, it was actually profitable. I stalked my competition through The Undermine Journal, saw that most of them didn't post early in the morning when I woke up for classes, and took advantage of that window of opportunity. I made a decent amount of sales for a few days, but quickly grew tired of it all. So I crashed the market.
At first, anything listed at above 100g got undercut to 40g. Not long after, I expanded in to any glyph posted above 50g. Pretty soon, the only glyphs above 40g in price were those from the Books of Glyph Master (I don't know those because I'm a bad scribe, but whatever). Now, I'll also admit I really had no idea what I was doing. There was some inkling in the back of my mind to attempt a hostile takeover of the glyph market and run my competitors out, but honestly, I really just don't like glyphs and I wanted to see what would happen.
So what did happen? Not at all what I expected! The way I envisioned this going was that my low prices would frustrate my competition because they couldn't make any gold, I'd keep undercutting and replacing sales to "wall" the competition, they get mad and leave, I cackle manically. What I completely forgot to factor in was my glyphs actually selling! Rookie mistake for sure, but a happy one at that. Normally, having ten glyphs sell in a day is a good day for me. But after my mega-clearance, I was selling over 50 glyphs a day! I'm not certain if this was due to the prices (people who were discouraged by high costs now snatching up a good deal), or if it was because I was posting a much large selection of glyphs than I had before. This is something I'll have to investigate next time. And of course, with such a large volume of sales comes quite a bit of gold! Here I was not expecting to make anything off this experiment, yet I was coming away with 2-3k each day.
Another unexpected occurrence? A complete lack of hate-mail. As you may know from my previous post, I've always wanted my very own hate-mail. Pissing people off seems to be a sign of AH pvp, and it's fun to know your presence in a market is felt. But none of the other scribes seemed to care, or possibly even notice. Even the few I managed to wall simply by posting below their threshold didn't bother to say anything, and everyone else simply continued to undercut. Of course, they may not have been angry simply because if my personal sales were any indication, I'm sure they were making a decent amount too!
And so after about a week of this, I decided to temporarily withdraw from the glyph market. I still have a large stock of glyphs and a large supply of cheap inks (though with herb prices dropping seemingly each hour, they might not be "cheap" for long), I just got bored of this experiment. I'm now going to let the market bounce back up and then post "normally" with a similarly high volume to see what happens. And with all the Inferno Inks I made from all the herbs I milled to do this? I'm going to try the DMF decks out!
Moral of this story? There isn't one really. I dislike glyphs, don't care much for them or the market, and I have plenty of gold to throw around on such ventures without much worry, so I figured I'd just do this to see what happened. Fortunately, I came out with a fair bit more gold than I started with, and some slight new insights in to the glyph market (i.e. even cheap glyphs can make you a fair bit of gold).
Has anyone else messed with a market just for fun? Is anyone willing to try it out and report back?