In a totally free market, such as the RMAH in Diablo 3, there will always be winners and losers. The question is, which are you going to be? I hope that you are aiming to be a winner (I am and you should as well). First and probably most important quality that winners will have is that they will be market savvy. They know their market and use it to their advantage. But what does being market savvy really mean?
Becoming market savvy is probably the most important thing you can do in preparation for Diablo 3. Becoming more market savvy does not ever end. In order to keep up with the times you will constantly need to be analyzing your market so that your gold-making strategies are up to date and are still effective. Being market savvy includes:
Knowing overall market cycles as well as individual product cycles from a short-term to long-term level
-Being able to tell what phase a particular product or the whole market is in
-Knowing when to buy and when to sell and when to leave completely in certain economic endeavors
-Understanding the determinants of supply and demand and how they affect price and different product markets
-Understanding the relationships between products
-Being able to exploit these price differences and create pipelines that convert items to higher values
-Utilizing resources outside of the game to compile market information, this means talking to other people
-Being able to think like the average Diablo 3 player and anticipate huge changes
-Understanding how to effectively use your gold (How much should you keep on hand?)
-Knowing what to keep in stock (items, gold, or real money)
-Knowing when it is appropriate to start buying in-game items/gold with real money
-Being able to find the proper mediums to convert in game stuff into real money
-Knowing how to effectively use your time
These traits cover most of what you will need to know if you want to become a full-fledged winner in the -Diablo 3 RMAH. If you would like to know how to use and implement these tactics described to your full advantage, you can check out my site, which contains more information on these subjects. But, I will not be the only one. Markco and probably all of the other blogs in this blogging carnival will help define and implement each of the bullet points above. Remember, you have plenty of time to research and gather information about Diablo 3, so that you can indeed become and winner on the RMAH.
Check out additional information regarding this article as well as other gold and money-making endeavors regarding the Diablo 3 Auction house at my website, http://murphiskgoldguide.com/
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