PS: how do you guys like the weekly Wednesday (or Tuesday for most readers) posts so far? Yea i know, a big change from the daily posts in the past. Anyway thanks for stickin' around.
So as you can guess, today we're going to talk about the magical relationship between quality, cost and time, in relation to business.
In the most simplest form these are the 3 quantifiers (or is it qualifiers? my grammer and spelling sux) that you consciously, or sometimes unconsciously, compare when making a purchasing decision. Quality refers to the quality level of a product or service. Time refers to how long or short it takes to access (buy) said product/service. And lastly cost is obviously how much gold/dollars/pesos its going to set you back.
The golden rule normally is, in most situations, pick any two. Since this is a wow gold blog lets have a look at some quick AH examples from the eyes of a buyer:
- Want a cut epic gem (high quality) and want it now (short access time)? Dont be surprised at the high cost.
- Want the latest purple BOE (high quality) but want it as cheap as possible (low cost)? It takes time to keep checking the AH and finally snatching one when the price is low enough (long access time).
- Lastly, need an enchant for a new chestpiece now (short access time) but can only afford something cheap (low cost)? +8 stats (low quality) is all you're going to be able to buy.
There are of course exceptions to these rules. Sometimes you can get epic gems cheap right now on the AH because the seller is not a pro goblin and needs the cash to splurge on the new weapon he's been drooling over for the last few days.
So what does this have to do with you the budding business goblin of the wow world? Simple.
The first rule of business club is: set a goal.
The second rule is: know yourself and your competition.
The third rule of business club is: know your target audience ie your customers.
The goblin that has 5 million gold on your server understands exactly how much to fine tune the above 3 variables for each of his products and services, to maximize his operating profit. Be that goblin! Win the AH for Critical!
After intensive surveying and sending out thousands of questionnaires and collating answers (no not really), here are (in quick fire format)...
Critical has been thinking about this for a while since the Gold Queen's first RL post , and after that the daily bombardments of gold p...
Critical may be grumps but a plea for help is a plea for help.
If you dont ask you wont receive, that's one of Critical's mottos. Because you asked how do you correctly wall with TSM (well not r...
Last week Critical managed to sort out his sales data and finally figured out the actual worst selling 28 glyphs of all time. Holywarrior ...
Hola Critical Fans. As promised here is the unbiased Critical review of Croda's Incription Guide Paid Version herein lovingly referr...
Well actually I just made that catchy title up. Glyph walls are the bomb though. Remember Undercutting was the new kid on the block and anyo...
Stats for the 7 days ending 28 July 2012:
Remember Critical's triple wall war post? Seems like ages ago! Recap of this mini experiment: - took down all auctions (empty AH) -...
The sudden spate of glyphing posts on TUJ is making Critical itchy. Twitchie's 2 character post makes Critical super itchy. W...