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Undercutting is an art form in its own right. Some players undercut by 1 copper, others by 10-50% of the original price. Some use the Quick ...
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Hey Markco, Just wanted to tell you another gold tip. With patch 3.1 the JC pattern Citrine Ring Of Rapid Healing no longer requires 2 eleme...
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Cataclysm has been out for quite some time now. People are tired of heroics and are now running raids, this creates a demand for one item th...
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Guest Post By Deepcut From Warcraft Gold Analysis My name is Deepcut, and I currently play on the Eldre'Thalas realm. After seeing al...
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So I've recently started up a new game; Runescape. Now don't be all like Mageshadow, WoW is better than Runescape because I know tha...
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Update: Silly me didn't read the fine print and Blizzard slid a low ball in, You can't stockpile valor for 4.2 as it will be conver...
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Scott Alan Smith is a Crook! Edit: Screen shots and proof/explanation of the cookie stuffing Scott has used in the past are present a...
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Hey Marcko, Was soloing Dwarfageddon earlier today and I noticed the dwarves you kill drop the Lovely Charm. You get 10 of these and tur...
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No, it's not. Buying low and selling high is supposed to be easy and intuitive. However, for many world of warcraft players it just d...
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Post by Kammler from Kammler's Korner One of my favorite movies is the 2004 King Arthur (Clive Owen, Keira Knightley) Not only is it...
It's the Day after Deathwing
And all through the Auction House
People scurry to deal gems
Enchants arriving on their new shiny mounts
With gold on their mind
And a guide in their hand
Did they have enough volatiles
To find the gold promised land
Holy **** I ran out of dust
could be heard with a sob
anguished cries of rage
when undercut on a new pvp fob
Were you able to declare victory?
Or watch in anguished shame
When patch day hits
Making gold is the only game
----------------------------------------
On every patch day there is a rush to be the first to post your items. To set the prices and to get
the most gold. One of the most forgotten ideas of the auction house is that selling is a marathon and
not a sprint.
With so many options in multiple crafting disciplines, it will be difficult to know exactly where to put your effort in. TSM and other addons make it easier to post quickly. But your skill is going to be what pushes your gold making to new heights.
Did you buy the big 3 epic cut patterns? But ignore your PVP trinkets being upgraded and available for sale.
Did you look at the new upgrades for your Leatherworker and Blacksmith? Those PVP patterns have a
short maximum profit shelf life before they start to drift lower and lowerin price. Armor patches are always in demand as well. Which will be more profitable? Did you check for the price on pristine hides on the market and instead of using your Heavy Savage leather, purchase the hides directly? Did you look at buying up the Chaos orbs on your server and produce Firelands epics? Good quick way to use up a lot of the truegold that you have stashed, plus allowing you to still make a tidy profit.
Enchanters, how many of the big 7 (lavawalker, peerless stats, landslide, power torrent, agility to bracer, intellect to bracer, strength to bracer) did you have crafted? Did you save your maelstrom crystals instead of splitting them into heavenly shards?
How about your alchemist? Ready to transmute those inferno gems? Or crafting potions and flasks for the final run on deathwing? Don't forget your elemental transmutes. Not everyone will be wanting to stack epic gems into their armor from the start.
Did you remember to stock up on Lion's ink? Inscription gets some new priest glyph loving. Will you win the battle of the scribes?
One of the biggest ideas to remember is that you will end up with more players this weekend that on
patch day. So don't blow all of your inventory now. Hold out to see where the market ends up
landing come friday night. You might find the difference between a medium profit, and a large profit.
Did you earn enough money for the t-shirt and the right to claim victory?
Deathwing? Forget him, I've got more stuff to sell
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@Dragonbearjoe" or leave a comment here. You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
Links to Previous articles by myself
Tools of the Trade
Goodbye Darkmoon Faire
Freud never said anything about warcraft gold
Between Deathwing and panda invasion
- Firelands Crafted Item RecipesBlacksmithingLeatherworkingTailoringSee if you can look into these markets and make sure they're profitable before jumping in. Test the market. Try and judge the demand, look for someone who can craft the item you're looking for, and make sure that the material cost of the item isn't too big for a solid profit margin.Feel free to get in touch with me or give me suggestions for future topics through my twitter @AlerickF
Today's Guest Poster is Bozzor, all the way from Romania!
How to protect against Inflation and Deflation
Most people know what Inflation and Deflation are.Now, in WoW, we experience both of them and most of the times, even unaware, we are affected by them.Both of them are denting in your gold.In simple terms, Inflation is when prices are going up and Deflation is when prices are going down.
Now, unlike in real life, both Inflation and Deflation exist is same time in WoW, except that they are affecting different items.If you manage to understand how and why exactly Inflation and Deflation kicks in, you will at least protect your assets and gold (or make a lot of profit).
It is a known fact that every expansion and major patch bring along big spikes in the price of new items, due to the fact that everyone wants to skill-up their characters professions, get new gear, enchants, gems etc.There are not enough materials available in /trade or AH, the pro traders (and not only) are buying huge quantities of materials to skill-up their professions and be ready to use them while prices are extremely high (enchants, gem, buckles), farmers know that selling now is most profitable and keep their prices…All in all, its frenzy for like 2-3 weeks , before things begin to settle.
It is also a known fact that prices drops heavily before a new expansion or patch (depending on patch, some might go up, but not for long time).
Now, since between expansions and patches it is a considerable amount of time and any major changes in prices are taking place shortly before and after expansions / patches (hence the best opportunity to make profits or stockpile at very low prices), what are you going to do after those major changes, when Deflation will hit almost every new item ?
The answer is simple : Arbitrage (or Flipping as commonly known).The answer might be simple, but doing it it’s not that simple, because many will do the same thing.Once the craziness of every new expansion / patch starts dropping to normality, the prices also follow this pattern.However, you can safely flip items, because prices can vary 2-3 times / day or 2-3 times /week, depending on items.You need to understand that there are two major factors that drive prices : Farmers and Traders.
Farmers sell huge quantities of materials, lowering the price of base materials (ores, leather, herbs and cloth) while Traders buying those materials, craft items and sell at highest possible prices (except when they start undercutting wars on specific items).There are also times when the need for a specific crafting material rise and farmers are focusing on providing those materials, leaving a shortage for other (the farm more ores than leather, or more cloth than herbs, etc).
There are many influences on item prices, and only being prepared for when those times come, can protect you from Inflation and Deflation.The simplest things anyone can do is to skill-up their professions BEFORE leveling up and stockpile for long-term.
While skilling-up in first day (or days) of a new expansion its expensive, the benefits are much higher than the expenses.When Cataclysm went live, i spent 400k to max 5 professions (BS, JC, Alchemy, Enchanting and Inscription) in 3 days.However, in next 5 days i have made 800k selling crafted items from those professions.Same for Wrath (well, 200k spent and 400k made, but same profit mark, about 100%).
Stockpilling large amounts of previous expansion materials and wait until players start skilling-up their alts professions brought me a lot of gold, at 200-400% profit mark.
Doing only the above two things protects you from both Inflation and Deflation.Making huge amounts of gold in first weeks of new expansions and selling your stockpile slowly, at high profit marks it’s the least you can do.I agree, most cannot spend to skill-up 4,5 or 6 professions at once, but they can do it for at least one or two.Stockpiling, however, can be done by anyone, even if some can do it in thousands and other in hundreds of materials.
You need to find a balance between you gold and your stockpile.Be smart, have enough gold and enough stockpiled materials prepared for any new expansion / patch.I, for one, always try to keep a ratio of 75-80% gold in cash and 20-25% gold in stockpile.I have found that this ratio is the one that works the best.
I can’t cover all the specifics of how to fight Inflation and Deflation in WOW, it will took a lot of time and huge wall of text, not to mention that it will be hardly to understand (if it would be easy, anyone will have millions in WoW).
But the least i could do i did in this post.
Peace,
Bozzor, Gold Multimillionaire.
You can read more of Bozzor's writings over at :- www.auctionhousegoldstrategies.wordpress.com
Recently a fellow businessman's account has been hacked on my realm. Now that is nothing out of the ordinary, we all know that these things happen every day. However I have to point out something. On my realm there are thousands of regular players, but only a handful who have money like he did. That got me thinking. What are the chances of this, that the hackers accidently hit the jackpot? Then I figured that anybody on the realm who has been on the AH knows his characters name, because he is kind of a big trader, much like I am. So what if the hackers targeted him, because they know he has a lot of gold? It wouldn't be rocket science to figure out who are the "big dogs" moneywise, since 80% of the realms trading is done by 6-7 players, so it is pretty obvious.
I don't know if it is true, but I thought I had to share it with you guys. I attached an authenticator to my account right away, and right now I'm trying to improve my account's security further. I advise you to do the same.
You can buy an authenticator which doesn't cost that much, but if you have a smartphone, you can also download an application, that functions as an authenticator. The app is available for iOS, Android, Blackberries, and Win7 phones too. The app is free, so if you have a smartphone, I think you should use this option, since it doesn't cost anything.
Another thing to do is to change your password from your cat's name to something like J7dfh5OI34mff93S. It might be harder to remember but, even harder to guess for someone who doesn't know it.
Also, regular virus and malware-scans are advised. There can be keyloggers on your computer logging everything you type, even your password.
Finally, don't give your password to a lot of people. Remember, you not only have to trust him/her not to steal your stuff, but you have to trust his/her computer not to have any keyloggers and what-not. Besides, with an authenticator (which I very much advise you to have) you can't even give your password to anyone.
Declining subscriber numbers. Patch 4.2 fatigue. New expansion news. All of this adds up to a weaker (though still profitable!) economy. So how should we spend our time? Factoring long-range planning into our daily gold-making routine can help us make more gold over time.
Common Time Sinks
There are lots of things that take up our time when making gold, such as:
- Daily Routine
Any serious gold maker will have a certain list of tasks that need to get done on a daily basis in their business. Clearing mail, posting auctions, purchasing materials, and crafting products are all examples of daily routine tasks that need to be done. - Weekly/Monthly Tasks
Some things don't need to be done every day, but instead can be grouped into bulk activities that happen regularly, but not daily. Milling/Prospecting large quantities of materials, crafting larger quantity items that can easily be stored in large quantities (for example, Gems/Scroll/Glyphs in stacks versus armor in singles), and bank/bag maintenance (clearing out useless items/materials or things you never get to so you have room for the more profitable stuff) are examples of frequent but not daily tasks. - Long-Range Planning
Big gold is made by planning ahead for patches, expansions and other game changes. Leveling new characters and stockpiling for patches are examples of long-range planning.
In addition to prepping for 4.3, I've also been getting ready for Mists of Pandaria (yes, really). For me, that means leveling some new characters. I'm working on another Alliance toon to bring my level 85 count to 5 on Alliance side. I'm also working on leveling a Horde character to 85 to get into more serious cross-faction arbitrage and to have a steady source of income on the Horde side.
How are you spending your time right now? Have you started thinking about Mists of Pandaria planning yet?
I consider myself a somewhat casual auctioneer. I can be found via Twitter @Aleithia3. I also like getting email at Aleithia AT jasonthedce DOT com. Send me your questions and I'll try to write about them on the site.
With patch 4.3 just weeks away (if not days), and the release of the new expansion Mists of Pandaria
expected in quarter 2 of 2012, Plenty of time to make gold, and lead the goblin pack.
For the past weeks JMTC and other journals ahve given you a large amount of information on how to make money, fleece the market and be on the top of the heap. With all this information you are aremed to the teeth to hit the AH hard, fast and continiously.
So today in my tip, I'm going to talk a little bit farther in the future. By just asking question: Are you prepared for the pandas?
The Plan
One of the strengths that a gold goblin we have is planning. We've talked about research, being the top of whats new. But without a good base you end up still being dependent on the whims of the
auction house crowd. The shrewd investor is not just going to be spending their inventory that they have stocked for 4.3, but also looking for inventory to replace it. The long investment that will pay off down the road.
The Bank Heist
The first step my young appreentice is to buy yourself a guild bank. This has been a controversial subject at times due to the idea that it is not what the developers designed the guild bank for. For our purposes, we will step over any moral arguements and begin from scratch.
Between patch 4.3 and the opening of the pandarian gates, there will be guilds closing up shop. Raiders will find other pastures to plunder, and with that becomes opportunity. With the knowledge that the new void storage is going to be expensive, the guild bank will be the prime opportunity for mass storage needs.
One of the biggest problems people run into is how much to pay. The quick rule is "as little as possible". Looking at it financially, we know that the first slot is 250g, the next slots being 500g, 1000g, 2500g and 5000g seperately. This should be your guide on how much to pay depending on how many slots the bank being sold have. Remember that this is going to be "easy money" for whoever is selling the bank. Odds are they don't have anything invested in the bank, so use this to your advantage. A 2 slot bank should sell depending on server strength for between 250g (250g+500g).
You can add or subtract depending on your willingness to negotiate but if the price gets too steep, walk
away. You have the money, they have an empty box making them no money at all for themselves.
As we get closer to the release, more guilds will come up for grabs.
You also have the option of creating your own bank, this becomes a little bit more time consuming due to the fact you need to go to your guild vendor, create a guild (if you don't already have one), obtain 10 signatures (remember you can only sign your petition once, and they must remain on the signature page of the guild charter til it's created). Barking in the middle of trade channel and offering 10g+ per signature will cut your time for creation. But purchasing your guild will be the quickest to your first goal
Stocking shelves
With every new expansion you have a prime opportunity to stash necessary materials for leveling
new professions. People wanting to get to the latest and greatest max crafted armor, and be
server first for multiple professions. This again is where your research will become essential
for what to purchase. Take the time to reorganize your guild banks (yes, plural, 2 will become very handy for separation of materials, 3 or more is optimum. It may take some moving around of toons but you want your crafters to be associated with each bank that holds the materials they will consume.
Placing your Leatherworker with your leatherworker supplies, your tailor with the cloth is a good step in
not having to run around mailing odds and ends for a central storage area. Also don't forget to spread some of the gold into each guild bank from your stash. Just in case you need to purchase items from vendors you want liquid assets to be available without the need to jump from toon to toon.
As you do this, become to obtain materials based on leveling guides. With each expansion there is usually flux for points, and obtaining points become easier and easier. But along with this is almost always a shortage of items in areas that are not quested as often. saronite ore became a hurdle along with cobalt ore as there was less travelling in certain areas of outlands and the WOTLK areas. Bundles of herbs in the middle of leving alchemy become more and more expensive as people burnt through their stored stacks and looked to purchase more.
With the high cost of primal airs on most servers, and the announced higher cost of alchemy specialization expect these items to become more and more expensive as we go. Use your favorite leveling guide and see where the crafted blues start to become required for leveling. Those will be the materials to store in your guild bank for your long term play on the market. Build your nest now not only for your own leveling needs, but also for the leveling needs of those that will pay top gold for
a few points.
Are you experienced?
As a gold goblin, what recipes you have access to will be paramount to your success. How many Mechano-hogs were sold to new horde toons with cataclysm (or Makgineer's Choper) for the alliance. How many leg armor patches, or wrath gems were sold due to the level restrictions placed on armor. Planning just what reputations will be needed for certain patterns will place 1000's of gold into your pocket that maybe only a few others have on your server. Or have the materials to make on a continual basis. This is also a good place to know your transmutes for your alchemists. That saronite bar that is inexpensive on the AH can be transmuted to a titanium bar (8 saronite bar to 1 titanium bar). Between now and the introduction of the mists expansion, max out the reputations you need to have those recipes at your fingertips. Also don't forget about the traders in Negrand. Did you max out your rep
with the consortium? If you haven't yet, max out the rep using this resource and then start to turn in for your bag of gems. These will be in high demand as people continue to level their Jewelcrafting (still considering arguably the highest income market). The more planning ahead and storage you have available for your long term deals, the better ahead of the market you will be.
Discipline equals Gold
From all of our writings we have echoed one constant idea, make your money work for you. In this case I'm going to give you a specific guideline to follow. As you continue your normal flow of crafting
items to sell (making sure that you are making your 20% profit)' For every 2g, you need to save 1g
back and place in your bank. keeping your items liquid will be very important for when a big deal
comes into play. The object is have half of your gold placed in one spot and the rest split between the amount of banks you have. In my case I have 4 guild banks, so I have one master bank set up, and each of the other 4 have a specific amount placed at each of my toons disposal. That way if I have
a purchase to make, I can keep track of the gold amount spent, and turn it over to the appropriate toon bank. Every week I make regular deposits to my master bank toon to keep a running total. The time lost between swapping characters to purchase an item from the AH is the possibility of losing that item, or that inexpensive material to someone else.
Build a notebook of ideas.
Between now and the introduction of the running of the pandas, lots of information will be released.
If your not on the ptrs, then do the next best thing and start to read the JMTC forums. Have a notebook ready to write down any little bit of information (or a printer if necessary). These are your bits of information for building your strategies for future sales. Will blue gems become hot items because they are cheap now and used for leveling jewelcrafting? That hypnotic dust that is selling for next to dirt may be in high demand quickly for enchanting leveling. Be prepared to know what will sell, what won't sell anymore and be able to adjust your plans accordingly. If you think of your auction house sales as part of a stock market, you can progress to 6 months ahead to know what to invest your time and gold in, and what to keep a smaller supply of.
Have Fun
I have said it many many times, this is a game, and our mantra is "the auction house is the only true pvp". How could that idea not get your blood flowing Players will leave the game, become bored when they don't see anything new. This is your chance to set your own goals to accomplish. Make enough gold to get everyone of your farmers Hawgs? Don't have farmers on the payroll? Solve that, build your cartel of crafters and players and start to own the market. Want 100k before MOP? 500k? 1 million, set the goal, set the plan and finish the climb. You will be suprised at how it feels to not only do something no one else has done. It's not just the destination, but it's the travel as well.
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@Dragonbearjoe" or leave a comment here. You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
Links to Previous articles
Tools of the Trade
Goodbye Darkmoon Faire
Freud never said anything about warcraft gold
Patch 4.3 is right around the corner. It will probably come out in two weeks. The patch will introduce new content: several dungeons and raids, renewed Darkmoon Faire, etc. It will keep the players busy for a few months, and it will keep us busy, since the new patch will surely bring a boost to the AH traffic. However the boost won't last untill the next expansion, so as always, the last couple of weeks will be about selling all the junk what you are left with. I'm already selling a few mats that I know I won't use before the Xpack (for example pyrite and truegold stocks), and I advise everybody to look through their stash for mats that you have too much of.
Before the Xpack no other major patches are expected. Surely, there will be minor patches and hotfixes, but no content, and definately nothing that would bring a boost to the AH like 4.3. However, these minor patches can still bring changes to items that would change the market, so this doesn't mean that you don't have to be on the lookout anymore for patch notes.
The Xpack is expected to come in Q2 of 2012 as speculated in many articles on other blogs, and seen in an old leaked Blizzard product plan. We all know what the Xpack holds for the average player. On BlizzCon, they introduced the new features, and there were many followup interviews and articles all around the blogosphere. We covered the basics as well. What we don't know is what the Xpack holds for us, the "businessmen". Surely, with the new mats and items, we will have to acquire all the new recipes, and start buying all the new mats, while selling the new items. Xpacks have come out before, and we all know how to "level with it". Though the recipes itselves, the sets, the weps, all the items, are still unknown. We will have to learn a whole new set of items.
With the new Xpack, renewed subscriptions are expected. Players will come back and they will start to play more, which again is good for us.
This I'm sure was not brand new info for most of you. So what is there to add?
Based on the last several months' budget riports, interviewes, announcements and such, we can safely say that WoW has began it's downfall. Subscriptions peaked late 2008/early 2009 around 11.5-12 million. Ever since, the game has been in a slow but steady decline. One might say it was inevitable. Nothing can last forever. The game itself is very old, around 7 years. It is still the most subscribed MMORPG by far, which is quite an accomplishment considering that it's 7 years of lifetime makes it almost antique in the MMORPG market (and in the video game market on general as well).
The future of the game is debated and speculated about on many forums and blogs. Most people think that after a long decline, it will be forgotten as every other game, which I'm sure they are right about, the only question is how long this decline will be? Blizzard stated in many conference calls as well as press releases that there is still a lot of opportunities in the game. They say that this decline is expected on the end of every Xpack, and that christmas and the new Xpack will get the subscriptions back on track. This might be true on some level, though I personally doubt that the game will ever reach 12 million subscribers again. Cataclysm didn't help it, so I'm not sure why MoP (still funny) would, and we've seen christmases before.
This doesn't mean that it is time for us to sell everything, or leave the sinking ship. All this means is that the recent decline in realm activity that everyone is experiencing may not be temporary.
Last week I talked about what to dump prior to 4.3 hitting. But what should you be saving? Patch 4.1 and 4.2 both brought nice bumps in gear improvements, and as a result the gear enhancements for those items saw a nice bump in sales. Patch 4.3 brings not just some dungeons (like 4.1) or a raid (like 4.2), but both, plus the new Looking For Raid feature. With that in mind, here are some things I'm stockpiling in anticipation of higher profits, especially for the first week or so of the patch:
Leg armors are also going to be hot items. With more people involved in raiding, there will gradually be a stronger emphasis for having all of your gear enchanted. Tanks/Healers, notoriously big spenders compared to DPS, will be looking for top-end enchants to do everything they can to complete the LFR. On top of this, you have all the guilds that will be moving into the normal raids that need to get their raiders enchanted.
Orange and Purple gems will also be good sellers, though probably not as strong as the last cycle. Typically, hybrid gems are more important early in the expansion's life cycle because socket bonuses are more important. As you're able to get your mandatory secondary stats (Hit cap, haste soft cap, etc.) from gear alone, the socket bonuses are less important. That said, Blizzard has done a much better job of making set bonuses attractive in this expansion, so perhaps the drop won't be to bad.
Shadowspirit Gems should see a nice bump in sales as well as anyone who doesn't raid doesn't really have access to helms above i353 at this time. However, with the new dungeons dropping i378 helms, many people will be looking for upgrades. Again, the primary attribute shadowspirits will be your best sellers, but all should see a nice bump in price. Austere, Burning, Reverberating and Agile are some of my favorite to stockpile.
I consider myself a somewhat casual auctioneer. I can be found via Twitter @Aleithia3. I also like getting email at Aleithia AT jasonthedce DOT com. Send me your questions and I'll try to write about them on the site.
Research is what will drives your warcraft gold business to new heights. Being one of the first on your server with new changes from the ptr. Not just following blind trends on the ah but also seeing them develop from the ptrs. Stock researchers make millions of dollars on just a little bit of information they
harvest from different sources.
How do they do it? By retraining their minds to not just follow the heard, but know exactly where the heard is going. Knowing exactly what will be bought and sold at future times. Knowledge is power, and to be powerful, you have to find every little bit of knowledge available.
First thing to look at is to have the tools you need for research. World of Warcraft gold making changes dynamically depending on information. Nothing screams this louder than the introduction of a new patch. Changes in manufacturing, changes in players spells, new armor and new weapons. These allow the gold researcher to be ahead of the challenge. Letting them being prepared to take advantage of changing supply and demand climates.
Information is at a premium, and the more premium information you have at your fingertips, the more money you can be prepared to make.
Tools of the Trade
Wowhead
This is one of the best resources you will find for information. Need to know where an item drops in the game? Wowhead gives you a good amount of information not only of where it drops, but an avg percentage of dropping chances. The amount of time i have personally spent looking up things on wowhead is large. One of the biggest things about wowhead is that it has a seperate ptr section. Many of the updates become useful for changes on mobs, as well as the expected droprates for new items
(ala darkmoon island) when the patch goes onto the live servers. This is my personal #1 source for information
Crafters Tome
In my second month of playing Warcraft, I was introduced to Kaliopes blog/website. If I need a quick
guide on materials needed to craft something. Bring up her website answers my question. The blog has always been kept up to date, even with new PTR items and is a good resource to have when planning out new crafting items.
Bankalt.com
Keeping spreadsheets of crafting items can become tedious. JMTC has kept links to some well respected and useful spreadsheet links (click on links at the top on the forums and search spreadsheets). But occasionally I need a quick and dirty look at how much something will cost me to craft. Bags are especially notorious for this. Where a netherweave bag is an easy mental calculation (1 stack netherweave, 1 thread), it can become a little more complicated when dealing with Imbued Netherweave bags etc. In comes a quick calculation guide at bankalt.com Finding the recipe, typing in the number
of how much the raw materials cost, and I know what they minimum cost it will be to craft that item. Depending on this information tells me whether it's worth crafting or not.
The Gold Queen
There are a staggering amount of warcraft gold blogs on the internet. Recently it was surmised there was something amount 10,000+ blogs that had been started at one point or another about how to make gold. One of the reasons the Gold Queen to me stands out is not just information, but it does have a personal feel to it. Generally I read her blog every other day, and even if my job here is to find tips and tricks, i learn things from reading her entries as well.
Consortium
If Warcraft forums have rock stars. This is it in the gold making circles. Cross referenced with the forums on JMTC, you will not find information any faster between the two sets of forums. The speculation section on the forums have been on top of every little change that has happened (including the changes to the holiday pets, as well as the pyrite speculation). Always a good read to see what has changed and opinions. Bring a pad an paper when you go to read the entries, you are more apt to learn something everyday.
Undermine Journal
The Undermine Journal is going to be your bread and butter for pricing information. It is also the most daunting when looking up information. Not only can you look up items, but you can look up your competitors to see at what times they are posting. Unsure what to list an item at? UJ will give you
a list of any previous listing and variation. The site itself can be intimidating with the pie charts and
varied amount of information. But once you get used to reading the charts, you will have more success in sales.
Are there more tools to be used? Absolutely, JMTC has it's own forums which work very well with the consortium forums. Many of the entries are found on both forums. Multiple journals and blogs can be found in different spots on the web. What I wanted to present was your starter set of tools to use. With any tool chest, you will add your own that become your favorites. Share the sites you use in the comments section and why they are useful to you.
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@Dragonbearjoe" or leave a comment here. Would love to know how your experience with this tip works out.
Hey everyone, Alerick here again here to talk to you all again this week about bags. In this post I will elaborate on some of the profession specific bags, as well as a possible bag niche market on your server that could net you a bunch of gold.
Hello there, fellow goldmaker! I'm sure that by now you must have heard that 4.3 is so close now, it's practically on our doorstep. Of course no one can know it for sure, but all signs say that it is probably about 1-2-3 weeks away. As always, the new patch means a great boost to the business, which we have to prepare for. Particularly challanging can be stocking up on mats. Even on higher population realms, the fall in realm activity since the last patch came caused the prices to rise and there is less stock on the market. There is a few things though you could do to increase your chances.
- Frequent AH checks.
- Spam your trade channel macro.
- As we've said many times over: try to locate the farmers/farmbots on your realm. They are the best source of materials.
- Make fixed price agreements with resellers. I'm person A, and I say to person B, that he can send me Obsidium Ore at 40g/stack any time, any amount. Now, of course I can't be online always, so when I'm in offline, person B is still on, looking for mats under 40g/stack. Every mat he has he will send it to me. It is like I'm constantly online and buying mats. He makes money (he does it for the profit of course), and I make money. To serve with an example, I've had two big suppliers in the last couple of month. One of them is a guild bank, but the other does reselling. He is happy with the 150k gold he made off of me, even though I've made 2,5 millions of which at least 750k is from his materials.
- Look for guild banks of high pop guilds where you know the players can send in mats for DKP or whatever currency they are using. The guild bank is probably selling the mats to buy raid supplies. You can either buy their mats or even make an agreement with the bank to be their crafter.
- Trade with your competitors. If there is another "businessman" on your realm, keep in touch with him, so that you could trade stocks. He may have a surplus of whatever you are low on, and vice versa. Also, if you are very lucky, and catch someone who is quitting, you can buy him out (happened once, it was great).
- Ad yourself at us.battle.net/wow or eu.battle.net/wow forums (realm forums). Just opening a topic, and saying that you buy mats at fixed prices will get you some supply. The amount depends on how much traffic does your realm's forum have, which is usually very low, but it's still something.
- If you are very very low on mats, and you need much more, and you have lots of free time, then you could consider farming. I'm saying it like this because I'm very much against it, because it is very boring, and compared to playing the AH, not highly profitable, but in some cases you "gotta do what you gotta do".
That's it for today, I wish you many materials, see you next Saturday (don't worry, the other writers will keep you occupied in the meantime).
PS: If you have some other magic way to conjure materials, please feel free to share it in the comments section below, we are all eager to learn.
Bashiok, one of the Community Managers at Blizzard, recently posted on his Twitter feed that PvP Season 10 is ending November 29. Historically, PvP seasons end approximately one week before a new patch drops. It's safe to assume that Patch 4.3 (now in release candidate form on the PTR) will be available on live servers as early as December 6. What does this mean for the avid gold-maker? Time to get ready for the patch.
This week I'll look at the first part of getting ready for the patch: getting rid of stuff that will lose value soon. Next Friday, I'll look at what to invest in for 4.3. With the recent news that WoW lost another 800k subscribers, the outlook may look bleak for 4.3, but I'm expecting 4.3 to bring back some of those subs and cause demand to sky-rocket. So stop by next week for some tips on what to do to get ready for the new patch.
- Bind-on-Equip Gear
If you've been trying to make money flipping cheap BoE gear, it's time to get out. The most notable drop will occur in 359 Plate Tank Shoulders (Pauldrons of Edward the Odd and Heaving Plates of Protection). Until now, those were Best-in-Slot items for Paladin and Warrior tanks who don't have access to raids. Hide of Chromaggus, popular with druids, was already hurt by the BoE Flickering Shoulderpads from Shannox, but this too will dip even further. The reason for this is that the current loot tables for 4.3 have iLevel 378 Shoulders for all specs in 5-man heroic dungeons. Other 359 BoEs like Soul Blades, as well as the current 378s from Firelands will see their value drop with gear of the same iLevel found in the new 5-man instances. - PvP Armor/Items
If you've got any PvP gear you're trying to sell, now is the time to get rid of it. Recipes will again be upgraded to a higher iLevel version of the PvP armor, so your current crafted gear will become nearly useless. If I had any lying around, I'd get rid of it for materials and a possible tip. Getting the mats back at a minimum allows you to hold them for crafting the new version when 4.3 hits and make way more money. - Chaos Orbs
If you're sitting on any Chaos Orbs, now is a good time to sell them via trade chat. I recently crafted and sold a 365 weapon for about a 5k profit. That's 1,000/orb (higher than I expected for sure). In trade chat they go for 200-300 gold. They will become Bind-on-Equip in 4.3, so you'll be able to pick them up on the Auction House (or sell them if you prefer). This will drive the supply up and prices down, so get as much as you can now for your chaos orbs. (Note: If you're a tailor, don't use your orbs until after 4.3. Your primary use for orbs is dream cloth, and the cost is dropping form 5 orbs to 4 with the new patch.) - Darkmoon Cards
This could be included with the BoE Gear category above, but I think it deserves it's own mention. There's one more Darkmoon Faire left between now and when the patch drops. 359 trinkets will all be replaced in 4.3 with 5-man drops, so sell what you can now.
Guest Writer For The Day : Bozzor
Most WoW players have limited time to play.They have jobs, school, families or another real life
activities that limits their time to play.Those players have a low gold income and many of them struggle
to sell whatever they farm or craft, and when they manage to sell, they are doing it with low profit.
So, if you are one of those players, what can you do? You can't spend more time to make gold because you want to enjoy the game, doing heroics, raids or pvp, and those activities are consuming most of your game time.
The answer is in the title : if you don't have Time...have Patience.
Patience is the key to make as much gold as possible, even if you can play 12 hours a day.It is a
known fact that the WoW economy have ups and downs, prices go up and down all the time, sometimes on a daily basis, sometimes weekly...and this is chaotic for anyone who is not a serious AH trader.
At this point in game, after more then 6 years, its safely to say that most of the players have at least
one character with two professions.It really doesn't matter what professions, all of them are good to make gold. However, the more professions, the better chances to make gold, but also the more time used for farming or crafting.
I am personally against farming, its not worth the time.However, if you don't have enough gold to start using the AH for making profit, keep farming until you have a small capital to invest (3-5k is more then enough).Once you have this capital, start making a schedule and stick on it.
Use your time wisely, because its limited.If you don't have an AH addon, install one.Auctioneer and Auctionator are the most used ones.Do AH scans twice a day , for couple of days (preferably for one week) before you start your AH endeavour.Once the scans are done, start buying the materials you need, just be sure you don't buy more then you can process with your limited time, but buy as much as you can if the price is low.
This should take 2-3 days, before you start processing the materials you have gathered.
If you are a JC, there is no point to buy 10 stacks of ores, prospect them, cut the rare gems you got and selling them along the uncommon ones.You should buy until you have a bigger stockpile before start prospecting.
Once you done prospecting, cut the rare gems into the most used ones , save the Nightstones and Jaspers for daily JC, save Hessonites also (they sell quite good atm) and vendor the rest.If you have an Enchanter or an Alchemist, use Carnelians to craft Carnelian Spikes and disenchant them, or use them to transmute them into Inferno Ruby.
Also, do not pass the opportunity to buy Chimera's Eyes for tokens and sell them.
If you are a Miner, buy ores when low priced, smelt them into bars and wait when those ores are either high priced or they are missing / low supplied in AH, then start selling them.Do not go for high profits, just 20-25% above what you have spent for the ores.Don't do it only with Cataclysm Ores, smelt as many types of ores as you possibly can.
For LW, there is the option to buy Scraps or Leather and craft them into Heavy Leather.
All types of Heavy Leathers sells good.A good option is to buy low priced Savage Leather, craft them into Heavy Savages and trade them for Pristine Hides.Wait for when the price for Heavy Leather is high and sell the Pristines.Go for a small profit, just 20-25% above your cost for 10 Heavy Savages.
If you have more time, buy low priced Dragonscales and Volatile Fire and craft the Epic Leg Armor Kits.Sell them for low profit also, 20-25%.
Tailors should buy low priced Netherweave, Frostweave and Embersilk, craft Bags, add a small profit of 20-25% and sell the bags.There is the option of Leg Enchants, just stick to same profit mark.
Blacksmiths should focus on Ebonsteel Belt Buckles, Enchanting Rods, Weapon Chains and when a new patch that brings a new PvP season gear, have materials ready to craft that gear.Go for small profit also, 20-25% above material cost.
Alchemists.Those who have access to a JC, be transmute masters.Use the daily transmute always.Both Truegold and Living Elementals nets same gold profit, but i prefer Truegold due to more market stability (nobody ''farms'' Truegold, but there are plenty Volatile Air farmers).Use the Carnelians from prospecting to transmute them into Inferno Ruby.
If you don't have a JC, be elixir master.Buy low priced herbs and additional materials to craft flasks, wait for the raiding days and sell them.
Inscription.I retired from Glyphs market after Cataclysm changes, and went for PvP relic and Dust of Disapperance. Both sell good, PvP relics 2-3 / day, but high profit, and Dust in hudreds, but low profit.Be sure you add a small profit for Dusts and high for relics.
Engineers should craft engineering mats : Khorium Power Core, Felsteel Stabilizers, Adamantite Frames, etc. Along those, sell also scopes of every type.Do not underestimate also the Companions.Just add a small profit, 20-25% above material cost.
If you have enough patience to wait for buying at low prices and wait to sell when prices are high, your patience will be rewarded.And the reward is not only gold, but more important the trust you gain in yourself.
Even if the profit mark is not high (15-20% - there is always 5% AH cut), the income will be higher if you wait and sell in larger quantities. Don't go greedy, stick on your schedule and your profit marks.
Once you decided to sell, post your items for 48 hours.With the low profit mark you have, you will sell almost everything. Don't be afraid of the AH campers.They will have only two options if you post for 48 hours : they either let you sell or they will buy your items.AH campers are greedy and have plenty of time and gold to choose the above options.You will not be competition for them, because you sell once or twice / week due to your limited time to buy, craft and play the AH.
Remember, any profession is good, but try to have as many professions as you can, preferably a profession combo that allows you to diversify : like JC and Alchemy, JC and Enchanting, Mining and Engineering or Mining and Blacksmithing.
The options i wrote about are not even close to what a player can do.Those options are only for players who have limited time to craft and sell in AH, usually under 30 min / day.But even those with a lot of time to play should learn that Patience is probably the most important factor in making gold.
If you don't have Time...have Patience.
Peace,
Bozzor, Gold Multimillionaire.
If you like this article, feel free to visit my gold making blog.
Wow Crusher : How The Pros Do It |
As you know, our ground-breaking system WOW Crusher system was released 10 days ago to much fanfare.
We are very pleased to announce that demand for WoW Crusher has been overwhelming, squashing ALL previous records as well as swarming my inbox with an avalanche of mail, which I assure you will be answered down to the very last letter. Please be patient, guys =)
Over the past few days we have been busy creating a TON of new content, fixes and changes in the Member’s Area – way too many to fit into a single post so please be sure to check into WoW Crusher frequently to check out the new changes.
Best of all is the amazing feedback we’ve gotten, like:
"I've easily tried at least 3 guides over the couple of years.. but this was by far the most
eye-opening and comprehensive one I’ve seen so far"
- Theo Covington
"Brilliant guide, a 9/10 at least in my book. It took a while for me to download the addon because of technical problems, but when i got it, it was worth the wait :) I never have to worry about talents or armour or items! The fact that you’re planning on updating it frequently makes it worth every cent.”
- Jane K.
Recent Update
The initial plan was to stop accepting any more subscribers once the initial group of open spots were filled, which is exactly what happened 2 days ago.
However… since that time I've received dozens upon dozens of e-mails from people who desperately
want to be part of the WoW Crusher group, but weren't able to do so in such a short span of time.
Therefore, we have decided to open registration for a couple more days to let those of you who were shut out have a chance to see what the fuss is all about.
Go check out our controversial video while you still can
WoW Crusher Video
Time is of the Essence!
Now is your chance to work with me on a more intimate level than I’ve ever offered before in the past to create the character you’ve always dreamed of and play at the highest level possible.
I speak for both Kevin and myself when I say we can't wait to help you change the way change the way you play the World of Warcraft for the better and start seeing measurable results in the fastest time possible,
Check out what the fuss is all about.
Talk soon
Markco