Just My Two Copper - WoW Gold Guide

Mommar here.

If there is one thing I have said time and time again, Time is money. Granted, it isn't the most original of concepts (long before the Goblins adopted this idea).

In World of Warcraft this is translated to how much time does it take to make your gold. Anyone can make gold if they try. The determination is whether it is the simplest of ways (working on quests, selling raw materials) or much more complex methods (Incarnations of the Saronite shuffle, flipping items etc.). Each of ways can make gold, it mostly depends on how much time you have and just where you place your resources.

This is going to become even more important when the Warlords of Draenor open up its portals for business. Many people will be running around the new version of Draenor when the expansion hits the shelves. New items and new materials to craft and sell. But one of the biggest changes with the garrisons and how they affect the market.

Remember that everyone will be able to create Garrisons. It appears that they will be able to start creating them early in the expansion. Halfhill had a limitation, you were required to complete and ultimately had to hit level 90 before the farm could be put into full motion. Garrisons won't have this limitation it appears. We already know that Garrisons will have all of the major and minor professions, if not in a limited capacity. This will probably mean that a regular miner who can get x amount of ore per node attached will be competing with a non miner who can get their own ore if they are patient. The same thing applies to all of the other professions.

The other thing to keep in mind is that through the different notes and Alpha testing there is already been reported to have garrison only recipes. The specifics are still wondering before a wall of silence from the testers. Supposition basically says to the casual player they will not be needing as much raw material as has been sold in the past from the Auction House.

But don't panic just yet and start creating an army of scribes. There will still be a high demand for all of the professions. Many players are impatient and let their gold they have accumulated overpower the time to create the materials and items on their own. It just means that as a gold goblin you will have to be more shrewd with your time management.

So as we start to count down to the beta release and full release of Warlords of Draenor, keep your time management in mind. How much time are you spending to obtain your raid necessities? How much time are you spending to obtain that uber mount you want. And how much time are you spending running around the dollars trying to find another dime.

Time is money. And I've got my money on my time.

Good Luck and Good Profit Hunting

The Art of Negotiation: Warcraft Style
Cooking For Fun and Profit
Cycle of Life
Road to WOD: Finish Your Chores
Some Day I Will Learn
Garrosh Is My Friend
You Lost That Alpha Feeling
Too Many Coins On My Hand
We All Make Mistrakes
World Without The Auction House
Not So Smart Loot

The Art of Negotiation: Warcraft Style

Posted by J.E. Douglas at 1:23 PM

There are two sides to every deal. The buyer and the seller. Seems simple enough, doesn't it? You have the buyer who wants to obtain something for the least amount of resources (gold, time, effort). You have the seller that wants to get the most resources for the item/time they are offering.

I added gold, time and effort into the equation because in the negotiations of World of Warcraft all three become commodities. Your time and effort can easily replace gold simply from questing or running raids/instances. Effort is just how much you will go somewhere to obtain what you want from the other person.

I ran into this yesterday as I was in negotiations to purchase another guild. I needed one as a hiding place for a couple of my up and coming toons. It was a 4 slot guild that had 'some items' still in the bank. Not going into specifics the seller offered in general chat the guild for x amount of gold.

There are certain questions I always ask when purchasing the guild.

1) What is the name of the guild (don't really like inappropriate names for guilds I own)
2) Does anyone else still belong? (This is important because there have been some guilds that were sold
Without other members knowing until they logged out the next day.)
3) What level guild is it? (The higher the level of the guild the more lucrative that the benefits can be)
4) What items still exist in the guild bank (if they are good items you can easily recoup your investment)

So I offered what I considered a fair price opening up the negotiations. Generally, I half the price that they offer unless it is an extremely good opening salvo. They counter offered and then I accepted at about 75% of the original price they wanted. Win/Win right?

So I logged over to my toon that would take over the guild I contacted the seller. After a delay they informed me that someone had offered full price. Disappointed that the seller didn't keep his word as far as the deal for a measly couple of gold I just thanked him and went my merry way.

But here is the thing to keep in mind. I have said it many times that your word is your bond. It may seem very fleeting when dealing with online gaming. Players do not have the direct attachment to their toons that they have to their real lives. If I make a deal with someone, then I expect them to keep up with them. That expectation goes both ways. I have sold items that others came along quickly and offered me twice as much gold. I had to tell them the item was sold simply because my word was more valuable to me than ethereal gold.

I'm also someone who believes in Karma. If you do good things then good things will happen to you. If you do things that are questionable, then the questionable things will occur. This may seem like an old concept, but it is one that has ruled both my gaming and my real world life for years.

So the moral of this little story? There really isn't any. Not everything needs a moral, unless you want to add one of your own.

Good Luck and Good Profit Hunting

Cooking For Fun and Profit
Cycle of Life
Road to WOD: Finish Your Chores
Some Day I Will Learn
Garrosh Is My Friend
You Lost That Alpha Feeling
Too Many Coins On My Hand
We All Make Mistrakes
World Without The Auction House
Not So Smart Loot

Patch 5.4 Prep: No Sleep til Brooklyn

Posted by J.E. Douglas at 12:33 PM

Mommar here.

In theory this will be the last week of prep work before patch 5.4 lands on our doorsteps. That means this is the last week for your Barrens dailies to obtain those last items you want from Darkspear Rebellion Quartermaster.   Just remember that some of the items such as Griftah's Authentic Troll Shoes will no longer be available.   Some of the items like Gahz'rooki's Summoning Stone and Raptorhide Boxing Gloves will still be rare drops from the Kor'kron in the Northern Barrens.

Valor and Justice points will not be reset (thank you).   What is a major change is that all of the reputation items up to the new raid reputation (Shaohao) will be available for justice points. Also included is that reputation for these gets thrown out the window. That pretty much means the majority of the gear (other than weapons) that is crafted will do a serious drop in price.   The main goal will be the addons (enchants, armor patches, enchants) that will be in high demand as players jump from newly minted 90's to raid worthy for just a few instance runs.

Another thing to make sure to grab in the next week is your Mantid Artifact Sonic Locator if you plan on doing any Archeology with the new patch. It will become much more difficult to obtain this nice little toy after next week.

If you haven't stockpiled your leather, ore and other raw materials for the new transmutes: your in a little bit of trouble. With the key to new patterns being the new daily profession transmutes, there will be a serious shortage at first as players look to burn through their stockpiles. Anytime there is a major change in the professions transmutes/crafting the economy starts bouncing up and down. Make sure to send your farmers and extra treat this week to have them all on the same page.

The last thing to do is to double check all of your absolute need addons. Look at the addon page for your go to addons on Curse.com to verify that your addons are going to be updated. If the author has announced they won't be updating anymore then it will be a good time to look for the replacement.

This next week will be active times to both empty out your items that will take a huge hit and also look to flip some commodities. Use the Zero Balance Investment as one of your major weapons this week and come out on top.

Good Luck and Good Hunting

Want to get in contact with me? . Email me at Dragonbear @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.

Customer First
You're Squishing My Items
The Ways of The Force Are Strange
It's a Date.. Maybe?
Kill The Death Knight.. Kill It Now
Time to Remodel The Financial House
Sense Of Entitlement
Patch 5.4:   Golden Lotus Beatdown
Four Levels of Wow Activity
Patch 5.4: Preparing your Farmers
Patch 5.4: Easy Gear.. Easy Go
Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?

Customer First

Posted by J.E. Douglas at 12:58 PM

Mommar here.

Early in my working career I worked for a software company as tech support. Calls during the day included how to turn on the software, how to install it, how to use it etc. Most of the calls were easy to field. I just needed to phrase the information in a way that the caller could understand.

Part of my job was also to sell to customers after we had solved their problem. Many times this included an upgrade to the newest version of the software. Other times this included offering them other pieces of software that they might find just as useful.

The perfect opportunity to double your sales is to just inspect what equipment they are currently wearing. If it's a new player they might be willing to take a little advice and buy a gem cut from you. Viewing what they have at the point can lead you to upgrading a green item they have to a blue or even epic item in just a few clicks.

The key to being a good gold goblin starts with customer service. Your knowledge and ability in the field of sales can help lead you into multiple sales from the same source. Players might not know what you carry and offering one or two items can turn a simple sale into your gold mine for the day.

Good Luck and Good Hunting

Want to get in contact with me? . Email me at Dragonbear @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.

You're Squishing My Items
The Ways of The Force Are Strange
It's a Date.. Maybe?
Kill The Death Knight.. Kill It Now
Time to Remodel The Financial House
Sense Of Entitlement
Patch 5.4: Golden Lotus Beatdown
Four Levels of Wow Activity
Patch 5.4: Preparing your Farmers
Patch 5.4: Easy Gear.. Easy Go
Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?

Patch 5.4: Golden Lotus Beatdown

Posted by J.E. Douglas at 12:27 PM

Only Worth What Someone Will Pay

Mommar here.

When starting Mists of Pandaria the biggest grind was obtaining revered with the Golden Lotus faction. It was a long grind of finishing dailies. After finishing the first set if you had a high enough reputation you could go to the next set. Ultimately reaching revered and unlocking other quest hubs for Shado-pan and August Cestials.

Patch 5.3 unlocked the necessity to have revered reputation with Golden Lotus to have access to new quest areas. With 5.4 the Vale of Eternal Blossoms gets a complete remake. Assuming you call a place that looks like it was blown up with an atom bomb a remake.

The Golden Lotus after patch 5.4 is going to be an old school's reputation beat down. Elite mobs giving you 200 reputation. Lesser mobs only give you 5 rep per kill. But fear not for there are a lot of mobs to kill in the area.

You also have access to the daily farmer order if you have leveled your farm high enough to have access. Also there are random mobs that drop tokens that will give you rep. Don't forget to also pick up your Grand Commendation of the Golden Lotus to increase your reputation grinding.

But don't forget to try your hardest to hit exalted before patch 5.4. The achievement http://www.wowhead.com/achievement=7315/eternally-in-the-vale will not be available after patch 5.4 drops. And many players are already going to be farming this area for the new Profession patterns. So there will be a lot of players running around this area killing things that it might become frustrating to get that last couple of mobs to become awesome with The GL Corps (yes, I said it.).

The patterns are even useful for selling to alternates as well as personal use. Also remember that with patch 5.4 much of the gear that was available for valor points will now be sold for Justice Points. This will put a huge boost on newly minted 90 players getting them into raiding that much faster.

Lots of exciting changes are just around the corner with patch 5.4. Now is the time to push through the boredom and get your lineup set for the last phase of Mists of Pandaria. Working smarter and not harder is the key to being the best gold goblin you can be.

Good Luck and Good Hunting

Want to get in contact with me? . Email me at Dragonbear @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.

Four Levels of Wow Activity
Patch 5.4: Preparing your Farmers
Patch 5.4: Easy Gear.. Easy Go
Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous

Four Levels of Wow Activity

Posted by J.E. Douglas at 12:31 PM

A friend of the Journal emailed me and asked me a question. They wanted to know what I did when I just didn't feel like logging on to wow that day.

I had those days. Many times it's the edge of being burnt out on the day to day activities that happen with World of Warcraft. Not wanting to enchant one more scroll. No interest in crafting one more piece of offer. The thought of finishing an instance just makes me cringe.

Warning players that this is not a job. You may have 'responsibilities' that you should do when you decide to log on is one thing. But the minute that logging on to play a game becomes a job, that's when it's time to reevaluate just how valuable your time is.

What I ended up doing is setting four different levels of logging on. Each day might be different depending on what I want to do.

Minimum Day:

This is a day that the only thing I do is burn down my profession timers (Inscription, Enchanting, Blacksmithing, Leatherworking, Jewelcrafting etc.). Depending on whether I have the materials at my toons fingertips of having to buy them from the Auction house, this generally takes me 20 minutes to complete.

Average Day:

On this day I'm going to go and finish everything for my minimum day, plus list 10 items from each profession. This requires a little knowledge of what has the highest profit margin. This does not include any new crafting, just list the top 10 items I have online. Usually takes me about 30-45 minutes to finish all of these.

Maximum Day:

On one of these days I am finishing up all of my listings for all of my professions. I might throw in some of the higher profit crafts to make. Also working on some flips that I see need to be done. Also included is all of the profession timer burns and also running a few instances. I allot 1-3 hours for these days. This also allows me to return to relist items and run instances/farm for points.

Overachiever Day:

These are my marathon sessions. I have drinks at the ready, popcorn to graze on and locking in for a long day of leveling, profession grinding, crafting, instance running and buying/selling. I do allow myself small breaks to refresh my brain when needed. The longest I've done one of these sessions is 14 hours. These are the ones I've limited because it feeds into that burn out feeling that happens the longer an expansion matures.

You have every option to decide what time frame works for you. You might include a farming time that the only thing you do is farm while watching/listening to a movie. Maybe you're just farming the Auction House for deals and flips without worrying about anything else. You are in control of your own time allotment. And your time is just as valuable as your gold is.

Just remember, this is a game and not a job. If it becomes a job, ask for a raise.

Good Luck and Good Hunting

Want to get in contact with me? . Email me at Dragonbear @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.

Patch 5.4: Preparing your Farmers
Patch 5.4: Easy Gear.. Easy Go
Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay

Patch 5.4: Preparing your Farmers

Posted by J.E. Douglas at 12:02 PM

Let's face facts. Part of the game with World of Warcraft is farming. Whether it's farming for materials, pets, gear or just something to do.

We have talked many times about having an army of farmers feeding you material. Depending on the size of your operation you might have one for each raw material. For a small operation you might have one very dependable worker feeding everything you need. Just like any other worker, treating them with respect becomes important as your relationship matures along with the expansion.

Many players are experiencing burnout through four patches to this expansion. This can happen even more to your farmer who has killed the same mob 100's of times. Mined the same piece of real estate many many times. Overall that dependable farmer might be seeing less excitement in feeding into your profit making machine.

This is where you can open up your wit and wisdom and make sure you are treating them well. Have a spare pet that you think they might like? Wrap it in a nice gift wrapping and send it to them for being loyal. Let them know that they are just as important to your profit making operation as anyone else. Do they need gear for their alternate toons? Can they use a new mount? The more you know about your co-worker the better you will be able to select the perfect gift to remind them they are important.

So why is it important to keep this type of relationship through a slower time? Because the next expansion is just around the corner. Have to think that Blizzard will be announcing soon (next 3 or so months) the title and information for the next expansion. Having your farmers locked into your business model for this and future expansions can save you headaches later on. Looking for new farming players is a headache that you can do without.

It also becomes just as important as you are entering patch 5.4 territory. Starting your selective stockpiling of materials early will set you ahead of the grading curve. Waiting to the last minute might leave you out in the cold.

So be nice to your co-workers. Treat them well and they will be loyal.

Good Luck and Good Hunting

Want to get in contact with me? . Email me at Dragonbear @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.

Patch 5.4: Easy Gear.. Easy Go
Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay

Patch 5.4: Easy Gear.. Easy Go

Posted by J.E. Douglas at 12:35 PM

Mommar here.

If you look at the new isle of Timeless Isle previews on MMO-Champion and other sites then you will see that the words 'easy' and 'powerful' are being slung around for an easy armor set to obtain.

For your average gold goblin this will create cringes and whimpers of lost sales as players get their acts just to 90, slap a little bit of PVP gear and then grind till they are at 496 armor from the isle. But fear not loyal goblins, all is not lost. It will still be possible to make lots of gold in the next patch if you strap on your thinking cap and be prepared.

Profit margins can live many times based on non-motivated players (the polite term for lazy). There will still be a time requirement to be able to grind a full amount of the Timeless Isle gear for raiding. Most players will not want to eat that time just running around gathering chest and killing mobs. They have had 3 patches worth of this mechanic. But many players will grind out one or two pieces of gear, then look to crafters and the auction house to replace the rest.

What will be required is to look at what gear is in demand. The boots and gloves slot have historically been weak sales. Where chestplates and legs still tend to dominate armor sales. They give the most bang for their buck, when each gold will become more critical to the player. Gold may be flowing for more players, but the majority still live paycheck to paycheck (or instance to instance). The middle ground will be players that have enough to spend on gear, but not enough to be able to craft it themselves. That's the happy land for gold goblins to ply their wares to others.

Patch 5.4 will also be a good time to break out your trade chat barking skills again. Players will be looking for your crafting skills as well as your BOP materials (Spirits, Bars etc.) as well as the new time locked crafting items that will pop up in 5.4. A well placed note of 'I am available to craft your item) can net you a quick turnaround on gold.

Don't forget the accessories as well. As we get closer to the end of the road for Mists of Pandaria players will be looking for your epic enchants instead of just your bargain basement enchants. So spending a few extra materials to craft that belt buckle or weapon enchant will put you in a new gold category.

Patch 5.4 might be the last major patch for MOP, but it will be far from the last chance for gold goblins to add to their pool of money to swim in.

Good Luck and Good Hunting

Prepping for Patch 5.4: The Beginning
The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars

Five Rules For Dating My Gold Stash

Bang The Drum Slowly

Prepping for Patch 5.4: The Beginning

Posted by J.E. Douglas at 11:57 AM

In probably less than a month the powers that be will unleash patch 5.4. Unless there is a drastic change in the landscape it will be the last patch for the pandaland expansion. It brings the end of our trip to seeing fuzzy bears, fuzzy logic and fuzzy gameplay. But all is not lost.

Patch 5.4 will also bring a lot of opportunities include a new isle area to explore. The last raid tier for the expansion and the finish of the epic story of Hellscreams rule. If your a lore junkie like me this will be a fun patch to enjoy.

There will also be a lot of opportunities for gold making. Players will be looking to ramp up not just for tier raiding, but also getting their alts ready to run lower raids and instances. All of this time looking for gear and items to buy.

In the next few weeks there will be a lot of journals and blogs talking about getting prepped for patch 5.4. All of them will have good bits of wisdom (some more than others) so keeping your options open and looking all around will help with being prepared.

A few things to look at between now and then to take advantage of the new patch.

1. Have your profession toons playing at lvl 90.

This may sound like a no brainer but some of the professions (such as inscription) didn't require you to reach level 90 to maximize it. With the changes and drops for new recipes for Blacksmithing, Leatherworking, Engineering and Tailoring you will need to be at your maximum level to take complete advantage of the patterns.

2. Have your toons hearthstones in different areas.

My Hearthstones are set in different areas depending on the access I have in the bank and the Auction House. Some would say that this isn't necessary because you can jaunt anywhere very quickly. But remember that just after the patch you will have 1000's logging in at the same time. All of them might be sitting right on the top of the Auction House or Mailbox and make it annoying to access your items. Having your hearthstones set in different zones (Dalaran, Silvermoon City, etc.) can relieve a lot of the frustration of seeing 20 people dancing on the tip of the mailbox.

3. Have someone sit on the mixed Auction House In Tanaris.

On many servers this has become a lost art to 'snipe' players transferring items across factions. You hate it when it happens to you, but love it when you can snag something nice for yourself. It's also still a very valuable area to sell items that are faction specific. The cat cage business from alliance to horde still nets a tidy sum to many.

4. Know your strategy from the start.

Will you rush out to the new zones to grab the new patterns? List items on the Auction House when you first log in? Sit and wait for the 6 hours of resets that will happen with the new patch? You have multiple strategies that you can use when the patch hits live. Choose one and execute it with the knowledge you have to be flexible at times. A reed bends in the wind and does not break (yes, watched way too many kung fu movies when I was growing up).

5. Enter with an open mind.

Too many players have already decided how they feel about a patch. All of the changes to glyphs and abilities has marked this patch to some as the demise of warcraft. But if you go in with an open mind to have fun, you will be surprised at what occurs.

Keep looking for more information and updates as we march on Orgrimmar.

I want to the cool sword to cut off Hellscreams ponytail

Good Luck and Good Hunting

The End of a Pricing Era
Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars

Bang The Drum Slowly
Five Rules For Dating My Gold Stash

The End of a Pricing Era

Posted by J.E. Douglas at 12:58 PM

Mommar here. I play multiple games on different platforms. Most of them are played from my PC. On Facebook I play Marvel Alliance. I also play Marvel Heroes on my PC. Just about every game has opened up the idea of having microtransactions.

Microtransactions are items you can buy inside (or even outside) the game that will offer you different bonuses, costumes and even advancing in levels. In some cases such as Marvel Alliance to be one of the top players you end up having to sink some gold into buying new and advanced weapons.

I've written about this before in Why Warcraft Needs Microtransactions. The one caveat that I've always had about World of Warcraft is that it should stay with cosmetic items to purchase. Items that do not have an actual effect on ability. Blizzard just introduced it's own ingame store to introduce purchases from inside the game. This means you should be able to buy your in game pets, new shiny transmog helms and other items to make your character look spiffy.

But on the PTR's they have also introduced potions that can affect how you play inside the game. It looks at minimum there will be new potions to give you faster leveling ability. Other potions could easily be added to give you more temporary health, Attack power and any other stat. This could easily kill the transmute market for players with more pocket money that others. But it also could drive the market even higher because it puts these potions (Potion of Luck anyone?).

But this does create a dangerous curve that happens with many of these games that have in game microtransactions. It tilts the game towards those with more cash instead of evening the playing field. There have already been many complaints about the 'dumbing down' of wow for the casual player. Players who put hundreds of hours into their character in leveling, obtaining gear and working their professions getting lapped by someone with a hundred dollars to spend.

I"m curious just how much they will add onto the in game purchase system and just how much effect it will have on the hard core player. And just how much profit will this add to the coffers of the corporate company.

If you want a quick preview of the new in game purchase system go to Wow-Insider and watch the short video.

Good Luck and Good Hunting

Patch 5.4 prep: Do You Know Where Your Tailor Is?
The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars

Bang The Drum Slowly
Five Rules For Dating My Gold Stash

Patch 5.4 prep: Do You Know Where Your Tailor Is?

Posted by J.E. Douglas at 11:54 AM

The most difficult part of having multiple professions is to know where to apply your time management skills. Spending hours gathering, buying and producing for sales. Dividing your limited time between multiple professions that you allot. This becomes much more apparent when a new patch arrives. Jumping on those opening week sales where players are upgrading new gear. Players playing with new toys from professions and hunting new little niches in the Warcraft sales world.

Tailoring is peculiar because the main tent pegs for production is the Windwool Cloth. Windwool Cloth is Being different than other raw materials (Ghost-Iron Ore and Exotic Leather) in that everyone can collect Windwool Cloth as they loot dead mobs. The other materials have to be gathered by specific professions. Taking this into consideration Windwool Cloth ends up being the lowest of the different raw materials in Pandaland. And can end up being the most profitable.

But with 5.4 another tailoring cooldown is introduced for Epic 545 gear. Celestial Cloth will require 10 bolts of Windwool Cloth with a daily timer per construction. There is a work around using the new Spirit of War item that is obtained from DE'ing high raid gear. The Spirit of War is also used for the actual crafting of the new 545 epic gear so using this for a simple timer would be a bad idea.

So will a new cooldown affect the amount of cloth on the Auction House? Most tailors already have a large amount of cloth they have kept for their Imperial Silk daily. This still will leave a good boost to the market for both the Windwool Cloth and Bolts of Windwool Cloth. So buying and stocking inexpensive Windwool cloth and bolts can put you ahead. This is especially important for current tailors who aren't stockpiled yet to last 30-60 days of daily transmutes. As players again continue to explore the new areas the cloth will go back down to the levels they are now. But taking chances to bank on a few gold savings isn't always wise.

Also with 5.4 older cloths are going to be that much more valuable. Cloth from the Wrath of the Lich King expansion and Cataclysm expansion (Frostweave Cloth and Embersilk Cloth respectively). There is still a nice steady stream of income from production of Netherweave Bags for new and alt toons. Where a 50-60% profit might not always seem like a lot of gold overall. Small amounts add up very quickly. Selling 10 bags a day at a 30g profit (buying at 5g a stack of netherweave and selling at 38g) can net a nice 1500g profit a week. Some servers might not be as profitable but looking at when players are buying their bags on your server can give you that much more access to the stead bag making income.

Tailoring isn't a big mystery. Just like all other professions it depends on supply and demand. But the most important part is to make sure that you are the one supplying to the demand. Players abandon professions as they continue to drift farther and farther away from Warcraft. Jumping into those markets and being prepare will set you with your sewing machine ready to provide for the next raid tier.

Knit one.. pearl two..

Good Luck and Good Sewing.

The Pitfalls of Trade Barking
7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars

Bang The Drum Slowly
Five Rules For Dating My Gold Stash
Transmog Me Baby

The Pitfalls of Trade Barking

Posted by J.E. Douglas at 8:36 AM

Mommar here.

For the past couple of nights that I have logged onto my home server, There has been a player that's been barking up trade chat to sell Ghost Iron Bars.

Now this is probably nothing new on your home server. Trade Chat (never to be confused with Barrens chat) has been a lively market to buy and sell. Memories of running clear across Azeroth to sell a gem cut or an armor piece still make me smile. Even today I still will jump under one of my other toons and do a little sales in trade chat.

Something stood out with this salesman (at any time you step into the trade chat arena you should stand out). They seemed to be receiving an inordinate amount of grief about pricing. Their pricing was a little bit below what was available on the Auction House (both from Raw product and the bars themselves). So something must have sparked someone to start offering them much lower offers for their goods. To the point that others began to heap onto the grief.

I looked at my notes (yes, I do keep notes on some salespeople that stand out) and hadn't seen anything that stuck out as a problem. So I could only surmise that he had upset someone with a previous sale and the person was making it their personal goal to destroy their business. The abuse became so bad that I almost did a pity buy and purchase all that he had in stock (1000 bars). When doing the calculations I could easily break even through manufacturing gear and my daily Blacksmithing creation of Lightning Steel Ingots.

But something kept me from pulling the trigger. Generally I consider myself a good listener to my gut feelings. If they feel something is wonky, then I go with that feeling. (Probably why there is no Mrs Mommar or any little Mommar's running around camp JMTC). So I decided to walk away and do other activities before shutting down the game for the night.

More and more players entering the auction house game make things exciting. And many blogs, journals, players and 'experts' will tell you that making gold is about mechanics. That's 85% true by my estimation. But no matter how you automate gold (TSM is still excellent at doing this), there will always be that 15% that is your feelings and emotions. You cannot and shouldn't eliminate that gut feeling you have that a deal is too good to be true. Especially as we continue through 5.4 and more players look to sell off massive amounts of gear to prepare for the next expansion.

But then after tonight, anyone want to buy 1000 bars for cost plus a 'little' profit? We shall see

Good Luck and Good Hunting

7.7 Million Customers and Nothing Sells
Priorities in PVP Gear Pricing
Prep for Patch 5.4: Long Term Goals
Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars

Bang The Drum Slowly
Five Rules For Dating My Gold Stash
Transmog Me Baby

Distopian View Of Money

Dailies, Weeklies, Now yearlies

The Barrens Feel So So Barren

My Favorite Addon

I Need More Fun Sales

Prep for Patch 5.4: Long Term Goals

Posted by J.E. Douglas at 11:59 AM

Mommar Here.

If the powers that be keep up their normal schedule, We should be getting what could be the last patch to Mists of Pandaria in the next month or so. Currently they are testing the new Raids (finally get to boot up Garrash's ample posterior).

Keeping an eye on the market and the changes have always kept gold goblins ahead of the curve. Patch 5.4 should bring some interesting boosts in the economy for a short term. That means getting your gear together, your valor points maxxed and items in the bank ready to sell from the start.

The odds are that this will be the last patch before the introduction of a new expansion. If you have been running instances even during patch 5.3 you've probably noticed a speed increase in completing them. Unless you end up having a completely new level 90 geared players, the tank and healing combo can blow through most of the instances between 20 minutes. The benefit of this will allow players to get their new ALT toons that much quicker into high level raiding.

There has already been a slowdown on many servers for materials on the AH. The ebb and flow of farmers and investors has kept the prices higher than normal. Every so often you can find a pretty good deal on Gold Iron Bars (or ore) which can add to your profit margin. Now is that a good idea to start your craft one/put materials away for a later technique that has been used many times for future profits.

The other thing to use is your lineup. Setting your profit goals for your first week in the new patch, your first month and even to the introduction of the next expansion will give you a base for your future professions. Do you want to make 10,000g a first week, 25,000g a first month or whatever your goals are. Setting your goals now and expectations will guide you on what to invest in materials and time.

Time becomes your most important commodity with the next patch. The idea is that you have to spend time to make gold changes. You need to spend time wisely to make gold.

Keep this in mind in the next few weeks while you're preparing for the next patch.

Good Luck and Good Hunting

Weekend Is Here
Take Me To Naxx
Profit Anonymous
Only Worth What Someone Will Pay
What i learned from Marvel Heroes....
Patch 5.4: Arise Scribe Arise!!!!!
Walking On The Dollars