I’m pretty sure I’ve recently become the foremost producer of netherweave bags on Kel’Thuzad.
I’m not telling you the name of my bank alt, you hecklers!
But if you sell a lot of netherweave cloth or if you’re a consumer of many bags or … gasp… a competitor, you’ll recognize her name I suspect. (She’s a cute cow in a white wedding dress.) I buy about thirty or so stacks of netherweave every time I hit the AH, which is several times a week, and then I stockpile the bags and sell 10-15 a day, as long as the price is reasonable.
And I’ve learned a few things for the beginning bag salesman. I’m not going to get deep and tricksy here, just basic stuff.
First off, why netherweave bags? Frostweave are bigger and more expensive… Answer: Netherweave bags are very popular with people leveling alts. It’s a tad exorbitant to lay out for Frostweave for your level 3… and unless people have a lot of gold, they won’t do it. They’re going to buy the one that best balances usefulness (16 slots) with average price (<20g). Plus the mats for netherweave tend to be cheaper, and you can learn the recipe earlier, thus giving you a head start on making money, and allowing you to build up some buffer before you start heading for Frostweave country.
The first is a simple matter of math. 1 stack of netherweave = 1 bag. Don’t laugh. You need to know this. This is helpful in estimating your cloth/profit ratios.
Watch your average prices for both mats and bags. You will soon start to notice that prices seem to hover around a certain point. On my server, the price of a stack of netherweave averages approximately 10g. Add 50s for your thread, and the approximate cost of producing the bags is 10.5g. Not bad. The average selling point on my server is approximately 18g. 7.5g profit per bag. Again, not bad.
There are ways to make the profit bigger and the expenditure smaller. Usually there’s a weekly trend. Some days tend to be low, some high. On my server, weekends see a rise in the cost of netherweave cloth. I suspect the schoolkids who are only allowed to play on weekends are buying all the netherweave they can get their hands on so they can level their bandaids. Conversely, the price of bags goes down, again, because all the tailors with limited online time are trying to level their profs quickly and flooding the market. Don’t buy and sell on these days! If the cost of a stack of netherweave is 12.5g and the bag is going for 11g, that is a bad deal! Don’t even sell bags you made earlier on that day.
On my server, Monday is the reverse swing of the weekend trend. Today I bought my thirty stacks of netherweave (some of them remotely through the AH beta) for approximately 6g a piece. The market is pretty depleted, since the weekend crowd is gone, and the bag price has skyrocketed to 20.5g. Thats 14g profit per bag if I can manage to sell them. However, you if you list too many you can inadvertently drive the price back down again. I like to bleed 5-10 bags out at a time until the price goes back down gradually. And it will, until it’s low point on the weekend again.
Finally, if you buy a lot of one resource, you WILL drive the price up. The more netherweave I buy, the more demand there is for netherweave, and the higher the average price gets. At some point you will start to notice that when you haven’t bought any cloth for a few days, the price goes down. You can cleverly take advantage of that fact and plan your buying campaigns with space in between. Get a whole lot of cloth, stockpile bags… sell them slowly without running the price into the dirt. Leave space between your shopping sprees. When you return the price won’t be so inflated as if you bought cloth every day for two weeks.
Yes, you’re going to have to make a lot of bags to make good money on this it’s pretty fast and easy though. I do supplement with my secondary profession, epic gem transmutes.
One more thing I have learned on this rollercoaster, don’t tell your guildies your bank alt’s name. Eventually you are going to buy from or sell to them by accident. And if it’s not a good deal, and they find out, things could get uncomfortable. I bought over 200g of netherweave cloth from my GM the other day because I didn’t know his bank alt’s name, and he didn’t know my bank alt’s name. Later we found out and laughed about it. Fortunately it was a good deal for both of us (he sold it cheap, which was what I needed; I bought it fast, which was what he needed).
Anyway, it’s been an interesting ride. Anyone have further insights on the bag trade?