Comments on: Auctioneer Tutorial – Search for Resale Items

By: iselthings

iselthings — Tue, 19 Jul 2011 00:30:34 +0000

hey asweome guide, thanks.
when i go to resale it say i can make like 4000g profit off coper ore.. obviously thats not right how do i fox that?

By: paul

paul — Mon, 20 Dec 2010 21:30:09 +0000

As much as I appreciated the guide, the SEO gets quite annoying and repetitive. Please lay back a little on that ^^

By: Xenith

Xenith — Thu, 25 Mar 2010 18:06:23 +0000

I was trying to make a general point about the general effect on your profit by changing the setting in as few words as possible (the tutorial is pretty long already ). It would have been more accurate to say ‘The higher this percentage, the lower your PERCENTAGE profit will be’ since obviously your absolute profit depends on the absolute price of the item.

Thanks for the detailed explanation!

By: dinesh

dinesh — Wed, 24 Mar 2010 20:18:58 +0000

“You can also set what percentage of market price the item price has to be below using Min Discount. [...] Leave it at 50% unless you have really slim pickings at that setting, then you can raise it a little if you need to. The higher this percentage is, the less profit you will make on items.”

This is not quite right. Min discount doesn’t actually affect the amount of profit you make, it allows you to control for risk. Here’s a quick example:

Say you have an item worth 6g, and you see it listed for 1g. That’s a 5g profit. Seems like a pretty good deal, right?

Now say you see an item worth 1000g, and you see it listed for 995g. It is also a 5g profit item, but it’s a significantly more risky proposal. Now you have to invest 995g for the chance of making 5g, as opposed to the case above where you only had to risk 1g to make the same 5g profit.

Min discount is how you control for this. The first item above is an 80+% discount. The second is a 0.5% discount. With your min discount set to 50%, the first auction will get returned as a purchase opportunity, but the second will not.

Finally, just to be clear, nudging that min discount number up will actually make you more conservative, returning FEWER results. Nudging it down will give you more and more (riskier) results.