Realities Of Making Gold

Posted by J.E. Douglas at 9:08 AM

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Mommar here.

Here as well as other journals give high expectations on the huge amounts of gold that can be made in World of Warcraft.  Each technique or though process gives you the chance to obtain gold.  Some of the ideas are easy,  others are much more difficult and eat up your time.

But break down gold making into an exact science is the gold grade for making gold.   To be able to do 4-6 clicks of a mouse and a few wiggles at the auction house is what all players are looking for.   But let's break down exactly how much it requires in gold to make your wants and desires.

Most players do not play every day.  So for example's sake lets assume that players play a total of 180 days a year with an Avg of 1 hour a day.  Yes I fully understand that you play 4 hours a day,  rock the PVP world and grab every gold piece.    Many other players only reach the bare minimum for how much they play,  combining their real lives with their gaming lives.   So here we go:


If you make a minimum of

10g a day  =  1,800 g  a  playing year
(Equals one daily every time you log in).

50g a day =   9,000g a playing year
(Equals one daily quest a day and one random dungeon)

100g a day = 18,000g a playing year
(Equals one daily quest,  one random dungeon and a basic material flip a day)

500g a day = 90,000g a playing year
(Equals and daily quest,  one random dungeon,  basic material and doubling profit for sales)

So on and so forth.   You can see that even if you chucking down 1000g a day every time that you play you can pack 180,000g a year.  This is over and above your repair costs etc.   Making gold in World of Warcraft has never been easier.   So now that I've just shot you need to read this journal in the foot,  why would you want to continue to read?   Because if you can see that making 1000g a day takes a small amount of listing/crafting effort, the skies become the limit on just what you can obtain with a little bit more added effort.  Is 2000g out of line?   3000g?   What is the limit that you set for yourself?  

We talk many times about gold and time management.   Getting more for your time buck becomes that much more important when playing this game.  Not just this game but any money based game that is available to play.   The idea is setting up your system to obtain your goal with the least amount of time spent with chores and trivial matters.

Keep this is mind when that gold making goal seems unavailable.  When you set your goal to buy that Fluffy bunny mount that you viewed on the auction house.   It's not about how easy or difficult it is making gold in World of Warcraft,  it is about just how much perseverance you have to show up.

Good Luck and Good Hunting


How Does Free Gear Effect The Market?
Pre Patch 5.3 Setup
It's Childrens Weak... I Mean Week
Patch 5.3 on the Horizon
Old World vs New World Profits
Bad Bad Robot.. The Warcraft Edition
Strengthen Your Google-Fu
Go To Sales
Weekend Warriors
Possible Glyphmas With Patch 5.3?
The Green Parade
Lions,  Tigers and Cooldowns O My
Snakes in the Playground
Craft Me Some Pants.. Or Something Else
Flipping the BMAH off
Dear Blizzard:   Noblegarden Edition
Throwing A Line
Prepping For the Death Of PVP
Patience is a Virtue.
I Choose You....: Reputation Choices
Thunderforge Ready for Business

Selling for dummies

Posted by J.E. Douglas at 3:00 PM

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One of the biggest mistakes that both rookie and veteran gold goblins will do is to overprice an item.   As we get closer to Mists of Pandaria,  the markets on many of the epic items start to drain away.  Players start to save their gold for the new round of sales.  Many guilds go on a short hiatus from raiding to recharge their batteries for the next expansion.

But still from time to time there will be posts of epic items and unseasonable prices.  The logic being that one of their addons should price it at this amount.  Or they had read that a player had sold it at this inflated price.   At times their luck will run with them and someone will purchase it.  Other times that item just gets rotated over and over through the AH, til ultimately the new expansion hits and it becomes the new brown item to be vendored or DE'd.

One major skill of a gold goblin is to know when to start lowering their prices on items that will hold little or no value with the next expansion.  This directly applies to crafted items where instead of looking for a big score sale,   lowered profit per item but the ability to sell more items.   This will allow the same level of gold to continue to pour in,  but with less risk of holding onto items when they run out of playing life.

Maximum level required items (items requiring level 85) will end up becoming next to worthless in the next expansion.  Many of the opening questline rewards will dwarf in stats what the most powerful items available in the game today.  So emptying coffers of these items at "firesale" prices will allow a crafter to break even or squeak a small profit in the long term.

So look at your pricing in the next few weeks,  and if something isn't selling,  begin to lower it's price to be able to not get stuck with a very fancy in game toothpick.

Good Luck and Good Hunting

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. 

Past Entries

Iron Sharpens Iron

It's Elemental Dear Goblins

Four words to rock your head (enchants)

Trade Channel Boredom, bring on the dailies

Preview of upcoming events

Gold to burn

I'm gonna tell you a secret

Life with no AH

Yakity Yak

The Auction House Blues

O Brother Where Art thy professions

Come Back Players... Come Back

Measuring the AH of a "Wow Killer"

Gold: It makes a player better

Get thee to an Engineer

Darkmoon Faire Returns....  Much rejoicing

Prepping for MOP:   Dinner Improbable

MOP: The Auction House Goes Dark

Posted by J.E. Douglas at 3:16 PM

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The major gold sink has been announced for Mists of Panderia.   MMO-Champion broke the news that some of the vendors will have "black market" items to bid on.   With little information other than what is on the beta this will become an interesting idea as it starts to develop.

On this black market AH will be past discontinued mounts,  pets and other items.   Included in this is the Tier 3 armor sets that were removed when Naxxramas was moved from Easter Plaguelands in Azeroth to the barren wasteland of Dragonblight in Northrend.   These will most definitely be Bind on Pickup items.   The biggest question will be whether the pets and mounts on the Black Market AH will also be BOP.  If they become BOE it might end up being a big opportunity to resell.   Currently the market has it set at 12 hour auctions so bidding at night when there is less population could cause deals to become more readily available.   Parking an unused character at the Black market site and bidding occasional could reap a large amount of rewards.

One of the downsides of this blizzard idea will be that many of the armor sets and mounts that players have become proud of "earning" will be just as available for the right amount of gold.  Already on the boards there is squabbling about how it's unfair to those that had gained the Tier 3 armor set through dedication and hard work.   While others will be able to just drop a large (or even small) amount of stored gold to gain the same elite status in the eyes of some.

Will this diminish the investment quality of some of the hard to get items in the game?   Big questions of just how much this will go to evening out the gold playing field.   There is already an expected low value set on many items (10,000g for pets,  10,000g for armor,  20,000g for Mounts).   Looking at the list of some of the items you can see the current cost on the AH for many of these pets and there is an expectation that they will go unbidded on.   The Elwynn Lamb for example is easily obtainable on both the Horde and Alliance side for 4k to 6k.   So bidding 10k on one on the BMAH would be giving money away.   But mounts like the Ashes of Al'ar are beyond rare to see,  and will cost a large amount of gold to bid upon.

So this might be a stroke of genius by Blizzard developers,  or come back to just be another forgotten idea with MOP.   The new expansion will have an influx of players both returning and new.  Having little or no money to start,  and many not armed with the tools of making gold other than questing,  there will continue to be a divide between the haves and the have nots.

Hopefully those that read this journal want to continue to be part of the Haves.

Good Luck and Good Hunting

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.  

Past Entries
Gold: It makes a player better
Get thee to an Engineer
Darkmoon Faire Returns....  Much rejoicing
Prepping for MOP:   Dinner Improbable
Random Dungeons:  A Concert of Errors
Patterns
Save the children.. Save Azeroth

Grey,  the new purple

Have you posted epics today?

Netherweave Cloth: It's math time

Time to Invest... Invest in Time

Thinking Outside the Old World Box

Pricing A Guild... Pawn Star Style

Noblegarden:  It wasn't that lucky for the rabbit

1% Rule

Ore report ... dig dig dig

5 habits of successful goblins

Dont flip out

Posted by J.E. Douglas at 8:00 AM

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One of the strongest of techniques in making gold on the auction is "flipping the market."

Here is how it works.

When you're going through a list of items,  especially with inscription or jewelcrafting,  undercutting will bring items lower and lower.      Sometimes the items become so low that it becomes beneficial to purchase all the items that are listed and relist them at a higher price.    This resets the market to a more profitable level,  as well as gives you a higher profit margin on someone else's materials.

The dreaded math:

Let's say you see six [Forceful Dream Emerald] at 10g a piece
Purchase all the  [Forceful Dream Emerald] from the auction house.
Relist them at 125g a piece

It seems like a very simple technique.  You sell one,  you have made 60+ gold from the first item sold.  The rest that you sell ends up being pure profit as well.   Undercutting from other crafters and speculators will cut into your expected profits. When all of the items are sold you have made a steady profit with little work.

Now,  there are some difficulties with this auction house technique.  And it becomes very easy to get lost in purchasing and re-listing that you find yourself ending up with large amounts  of unsellable crafted items.  As the auction house returns to the previous low level quickly.  Some suggests that will help keep you on the right side of the market flip.

• Know the market you're turning over:    Certain markets will always sell low because there is a large amounts of competition.    [Solid Sky Sapphire] is a very popular cut to list on the market.  And with the large amount of blank sky sapphires available,   many purchasers will pick up a few gem blanks and have someone cut the gem for them instead of purchasing them from the auction house. 

• Resist the temptation to set too high of a market price:  It can be very tempting to buy out a stock of cut gems at 5g and instantly list them at 250g.  Sometimes this will work because even selling one at that price will profit you,  the rest being extra over the top.   But many of the markets will not hold onto that price and under cutters will come in and stomp all over your well laid plans.  Leaving the market again at a low price and you will extra items that will not sell.

• Limit how many items you buy:  Whenever I use this technique I limit myself to six or less.   With inscription glyphs I would raise this limit to 10.  The difference between glyphs and gems is that gems have a shelf life til the end expansion.   More powerful gems will become available with the next expansion making these less valuable.   With the inscription items carrying over to the next expansion you have a longer time for sales.  

• You will probably lose money occasionally:   Until you develop the understanding of the market,  the odds are that you will lose money on some transactions.  The no risk/no reward ideal is in full effect with this technique.    Go slow and build your market muscles,  it will benefit you in the long run

I hope this will add another tool to your auction house toolbox.   

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.

Past articles by Mommar:

Go invest young man

Engineers do it with Power .. and Portals

Happy New Tear

Tip the light fantastic

Tis the season to be goblins

My rod shall comfort thee.. and make gold

Your milage may vary