Nev from Auction House Addict has created a community project for the gold makers among us 20 Days of Gold Making. You can find a list of all of the participants in this blog post at AH addict. The question I am covering today is:
What's your favorite niche market and why?
My favourite niche market is shirts. A lot of armour shows bare arms and sometimes that makes transmog sets look bad. Shirts will fill the gaps and can be used to mask the gaps by closely matching the colour of the transmog or to provide contrast to it. Either way players will pay good coin to achieve that "perfect" look. Some shirts sell a lot better than others and I'm not really sure why that is but the reason is irrelevant the investment for shirts is small and the returns range from 10g to 200g.
There a number of good things about the shirt market. The first is that the market has almost no competition so the few of us that are in it do not need to price gouge each other so our returns are good. Then there is the fact that some shirts are rare patterns that are priced highly on the auction house so not many people will buy these rare patterns for something they see as a worthless item. The last thing about the market is that a few good sellers are simple vendor items that can be purchased relatively cheaply and flipped so you don't even need to hold stock.
There is a downside though as the number of purchases are low, a bad week will see zero sales a good week may see you hit double figures but then for the effort put in it is easy money.
However, I'm still missing the one true gem in the shirt market, the Rich Purple Shirt but at current AH prices it is simply not a viable proposition and I'm just hoping that one day I'll catch one cheaply on teh auction house, or maybe even try farming it from Dire Maul.....