Yesterday I saw a
player trying to sell a single purple item. He was asking 3000 gold, and
several people immediately asked if it was too much. Now I wasn't there to
catch the selling of this item, but I did receive several whispers on the
value of certain items. An Item online is only worth what a buyer will pay
for it. Keep this is the back of your mind, because several people will buy
and sell depending on the "color" of an item. A color of an item
should not play in it's value, however, it does help to sell it sometimes.
Colored items always indicate a rarity. Just because an item is rare, does
not make it valuable.
Rarity plays a key role in what we do here. When we speak of things such as
the open market, or closed markets. We are talking about areas in which to
sell your items. The rarer an item, the more narrow of a market. Take the
player selling that item for example. He is selling a rare item, for 3000
gold. The amount of people that have 3000 gold, is significantly smaller than
the people who have 1000 gold. Then we take into account what the item is. If
it is something like an enchanting material. We narrow the market even more:
Enchanters who have 3000 gold to spend.
I know money is a grey area for a lot of us. It will take some time to figure
out, so don't go and spend all your money in one place.
Having that said, spend your money on useful sinks. Such as upgrading your
bag space, or bank slots. Invest in a horse, upgrade the horse. There is
plenty of time to raise your professions. Don't try to get it all done day 1.
The prices are going to be through the roof.
On the point of selling. Sell something at a reasonable price. Keep in mind,
people do not have a lot of money, and are not willing to spend a lot of it
for one item. Sell things that are useful, for example green items or blue
items, improvement mats, etc.
I saw a gentleman selling bones yesterday for 10 gold a piece. The vendor
sells these for 15 gold a piece but will not pay you anything for them.