Meet Rifampin

This is my new bank alt; Rifampin. Yes, he's named after an antibiotic. Don't ask.



He started out on an alt's realm (highest character level 24) with 3g, a couple of greens, and some spider's silk. I know that I started out with more than most people do with their alt bank alts (heh), but I'd like to delve right into the action, and I didn't get the idea for this blog until I had already begun.

So let's get started, shall we? Here is his progress so far (he is currently at 60g 32s 22c.)

This is my BeanCounter list (from Auctioneer) of all the items I have bought in an effort to create a larger investment pool from which I can draw funds:

Let's analyze exactly what I've done here. First let me mention that this is done on the pretense of an AMATEUR; I am in no way advocating myself as an expert!

Anyway, with the few gold I started out with I bought a green dagger (the Sacrificial Kris), which I re-posted at about 500% profit. It eventually sold, but this was a risky move, and let me explain why.

First of all, I had not scanned more than once or twice on this server, so auctioneer's data was obviously skewed. Not to mention that investing a large majority of my funds on an unnecessary (for the buyer) item could have turned out poorly for me. I stuck with it, though, and bought an undercutter's auction, and sure enough, I made a hefty return, despite not having sold the second dagger yet.

*EDIT* I was mistaken! I have not sold either of those daggers. This is a perfect example of why it's a risky maneuver; there were other people posting the same (or similar) items. That, in combination with the fact that I am pricing it relatively high, and that it is a non-necessity item, means that I will have a difficult time selling it. Fear not, in failure there is a lesson, and you should always improve upon your mistakes!

After that, I sifted through the trade goods looking for oddly numbered stacks and inexpensive items. I also bought a few cheap recipes that I knew would sell. Here is what my auction's list looked like after a day or two of trading:




























































I had bought and posted a lot of different items after having sold a recipe, a green, and some spider's silk (which go for 9-10g per piece on this server.)

Note that I have put up most of the trade goods in stacks LOWER than 20; you can raise the price of materials if you put them in lower sized stacks. Remember, not everyone wants a full stack! I'll explain the logistics of it at a later date.

The results:










































That's it for my first post, I hope it was informative and look forward to writing another soon! I'll be updating this with Rifampin's progress frequently, and I'll also try and fit in some of my own theory posts, and analyze what I have gathered from other sources that has granted me some success.

Until next time!