The Wow Gold And Items Economy

A look at how supply and demand influences the computer game World of Warcraft in game prices.

You're a human paladin standing in your bank vault in the bustling city of Stormwind. The shelves surrounding you are full of various weapons, armor, potions and other miscellaneous items that you have picked up throughout your many journeys and battles across the lands of Azeroth.

All of the items that you use day to day, you tend to carry around with you. Some of the things you are storing in the bank are useful to you at times, so you keep them where they are safe knowing you can retrieve them when you need them. However, the majority of what litters your vault you have no personal use for. What is a Paladin to do?

The Auction House

It's time for a little house cleaning and to earn some extra wow gold. So, like the trusty paladin that you are, you gather up your various things and head down to the local auction house. Now, since you are a well seasoned paladin, you know that the first thing you need to do is scope out your competition.

So you walk around the Auction house and check out the prices that other people are charging for the same items that you want to sell. Once you get a good feel for the market value it is then time to set up shop.

The Three Marketing Approaches

If you're a paladin with a bit of a rough edge to you, you might take the items that you have for sell and undercut your competition by a few wow gold. Although this strategy will guarantee that your item sells the fastest, you might make a few enemies because if enough people lower the price, then the market value will drop in time. You have the power to drastically effect the economy.

Now, if you are the run-of-the-mill straight laced kinda paladin, you might want to consider selling your item for the mid to low range that other people are selling them for. You may not make your money right away, but it eventually will sell and no one will throw rocks at you as you walk by.

The third strategy is for people who are not in any hurry to get their money. This strategy is all about controlling the supply. You sell your item for the high end of its price range. Usually you will have to wait for the other vendors to sell out of their stock, first. Then once they do, your item will be in demand.

An addition to this strategy is to find something that has more demand than supply. Then work out a way to accumulate multiple of that item. However, even though you will have multiple of the item, you will only sell one at the auction house at a time. By doing this, the average market price for that item will sometimes even steadily creep up.

The Down Low

The players in World of Warcraft have a lot of influence over the economy and market prices of wow gold and other wow items. If enough people sell a particular item at a lower than normal cost, that price will become the norm. So, the bottom line is, you can just run through the regular game mechanics and sell gold that you get from your kills to the npc merchants and slowly gain gold that way.

However, like the paladin, if I were you, I would spend some time learning the ins and outs of the auction house. It's fully automated and you don't have to be online for your wow gold and items to sell. The economy is made for you the player. Take advantage of it.

About the author: Hunter Crowell is a researcher, avid online gamer, and creator of WOW Gold Price List, helping players find the cheapest place to buy wow gold.