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WoW Glyph And Its Market Value

Author: inwowgold Source: http://www.inwowgold.com

 In the World of Warcraft, Mage is still making good money selling glyphs, but only with minor glyphs. That seems strange, because "minor" glyphs have a much smaller effect than "major" glyphs, and should be less valuable, given that the cost to make them is about the same. But the very idea that the value of something is determined by its utility or cost to make it is flawed.
But this is really a fact. The economy of World of Warcraft is a lot simpler, but the same basic truths apply: The market value of items, in this case glyphs, has nothing to do with any fundamental value of that glyph, and everything to do with supply and demand. Inscription is a new profession, so many people learn it just because it is new. And to skill up, they can only make major glyphs, as those are the recipes learned from the trainers. The minor glyphs are learned by research, one recipe per day. Because people are impatient, want to skill up fast, and have excess money to burn, they buy the ingredients (herbs).
Then they produce lots of major glyphs, which floods the market, and drives the prices down. In the end they paid more for the ingredients than they get back for selling the glyphs, accepting that skilling up a profession means losing money. But as nobody makes minor glyphs to skill up, and everyone has only a few minor glyph recipes compared to lots of major glyph recipes, the minor glyphs are relatively rare. And although their effect is often just cosmetic (polymorph penguin for example), some people are still willing to pay for that. So it comes that minor glyphs sell for considerably more than major glyphs. I check the AH every day for all minor glyphs that I can make, and then only produce those where the current market price is over 20 world of warcraft gold, which is my standard sales price. As even with high herb prices I can make that glyph for about 10 wow gold, I'm making money. Plus often I don't pay that 10 gold, but gather the herbs myself, so I only incur an opportunity cost.
With major glyphs starting to creep up in value, things like the Glyph of Consecrate and Glyph of Icy Veins are both holding at 30g - way above their production cost - and both are major glyphs. I'm wow power leveling the skill later than most, and stretching it out because I don't want to pat ridiculous herb fees.... the upshot is that its been paying off with increased prices on the majors I have to make to skill-up.
I don't see glyphs holding much value long-term. For the most part, once you've got a couple of glyphs, you'll only change them if you change spec, or discover a dramatic improvement in strategy you could use new glyphs come on the market.
Right now, prices are high because people are experimenting and many people aren't glyphed up yet, but I could see the prices dropping to close to zero for most glyphs later on.
The few minor glyphs that are also fairly useful sell extremely well. Recently I learned the minor glyph for Druids that removes the reagent requirement for Rebirth. Besides being rare, it's also very useful - so of course it sells really well.
In general, I'm trying to figure out if there's going to be an active market for glyphs once it matures a bit. Are players going to be changing their glyphs regularly based on spec and play style or is it going to be like an enchantment you get on a weapon that you basically don't change unless you get a newer, better one? If players end up swapping out their glyphs regularly then it could end up being a continually lucrative profession rather than just a money sink necessity. I wonder if Blizzard will add several more recipes, because that will also increase the utility.

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