With the release of Diablo 3 next week, a lot of new scams are going to exploit player's dreams of paying their rent by playing Diablo 3. Selling virtual items for real money sounds like a dream job. So scammers will gladly promise you the secrets of making $25 per hour, if only you buy their Diablo 3 gold guide for $19.95. Only after you paid that they will tell you that they meant you'll make $25 per week, of which you spend 1 hour on the auction house, not 40 times $25 for $1,000 per week. And all the tips in the gold guide will be common sense, that I can tell you those secrets for free in this post.



Firstly, Know the prices: Imagine you checked the AH for several times per week and found each time several copies of the sword of uberness listed for between $10 and $50. What do you think was the average price of all the swords of uberness that sold that week? You might be surprised to hear that the average selling price probably was around $8! Because what you can see is not the price of the swords that sold, but the prices of the failed offers nobody bought. The highest price anybody paid was $9.99 that is why the $10 sword is still there.


Secondly, watch the market: Different populations play online games at different times. The fabled Chinese gold farmer plays 24/7, while the equally fabled casual player with more money than time or sense plays mostly on evenings and weekends. Caricature aside, all virtual economics always have predictable price fluctuations over the week. Just observe the market for a week or two, and you will know what time you can buy with lowest price, and sell high price.


Thirdly, Undercut: In Diablo 3 you will be limited in the number of auctions you can have up at the same time. Thus anything which doesn't sell fast will block one of your selling slots for 48 hours or until you cancel the auction. There is no use of putting anything up that isn't the cheapest of its kind if you want to actually make a sale. Putting something up for a price where you think it might sell later, when prices have gone up, only makes sense if you didn't plan to be online for some time anyway.


Fourthly, consider the fees: The Diablo 3 auction houses all work on a fee at sale basis. That has consequences if you want to buy for resale: You would need to up the price considerably for this to work. For example if you buy an item for $7 and resell it on the real money AH for $10 with the proceeds going to your PayPal account, you just barely break even, due to two times 15% being deducted. You need to sell items for 50% more than you bought them for to make a profit.


Fifthly, watch the floor: Sometimes there are considerably more sellers for an item than buyers, and because of undercutting the price drops a lot. At some point the crafting materials into which the item disenchants are worth more than the item. At this point you might make better money by buying and disenchanting.


Sixth, Mind the competition: There are considerably more participants on the regional Diablo 3 auction houses than on the auction houses of other games, where they are only server wide. The more players are on the market, the less likely it becomes that you find a good money-maker without everybody else jumping on it and ruining the opportunity. Do not believe tips that promise endless supplies of free money, e.g. by mass disenchanting vendor bought items. In fact because everybody can and will do that whenever crafting materials get too expensive, there is an effective price cap on all materials which you can get from vendor bought items.


Seven, Use both auction houses: The real money AH is mostly suitable for the rarer and thus more expensive items, or materials. But don't waste the 10 slots you have on the gold AH! You can always sell a large stack of gold on the real money AH later.


Eight, Prices will fall: All virtual worlds suffer from the same effect of AH prices going down with time, called "mudflation". During the first weeks some prices on the Diablo 3 AH will still be rather high. Don't take those as your point of reference. After a month or two the prices will stabilize somewhere lower. Do not hoard items for sale later, rather sell everything now, and if you need something later, buy it back for half the price.


Talking about so much, are you clear about how to make more money through reselling Diablo 3 gold?


source: http://www.bankofd3.com/