Self Motivation: The Key To Success

Posted by J.E. Douglas at 1:29 PM

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One of the keys to success (wow,  imagine that,  it is what I titled this entry) is the idea of self motivation.

Everyone has a different reason why they make gold.   Survival,  to pay for their own items,  working for the guild,  challenging to be the best.  All of these are viable options as well as a few I am sure you can come up with.

Whichever you choose to motivate you,   sometimes you have to shake up that motivation once you have reached your goal.   I reached a plateau of sorts many months ago in the idea that I could cruise on just the gold I have in the bank and never have to sell an item again.  Most of the items on the RMAH are easily within my reach without sending shock waves through my bank account.  So my motivation to be able to buy items was removed with this revelation.

So it was needed to change my motivation to something different.  Yes I could have easily just gave my gold away and started over.  I even did this by starting on another server to play with a completely new set of rules.   Where I have high regards for people who can give all of their gold away to random players and start all over I have never been able to pull the trigger on that option.   I enjoy too much of diving and swimming in the piles of gold ala Scrooge McDuck.

What I did end up doing is to challenge myself to help others be able make gold.  Not just through this journal but also through loaning of gold to players.   I did say loan and not give away.  My personal opinion is that giving gold is a hand out and loaning gold is a hand up.  It is the same principles I place on my daily life as well.   Do I expect to always get paid back?  No,  but it is expected that if they are successful they have the option of either paying me back or to help someone else.  

Self Motivation is very important in whatever you choose to do.  Very rarely will you have someone standing behind you pushing you all the way to your goals.   You are the only one that can push you into being successful.  The same as you are the only one to be there when it all falls apart.

Either way success is entirely up to you.  That is the biggest key to success.

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 "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice. 

Previous Entries

BMAH Blues Return
How Not To Make Gold
Time Management With Faction Grinding
Receipt Isolation Sales
Breaking Through The Wall
Transmog Me First
Pay What
Outside the New Years Box
Heat Of The Moment
Five Star Sales
The Gauntlet Thrown Down
Post Holiday Toys

Is Your Cartel Happy?

Posted by J.E. Douglas at 9:51 AM

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Mommar here

We have talked about cartels many times when it comes to being a Gold Goblin.  Understanding that a cartel could be made up of two people,  or a large amount of players.   The idea is that you have gathered a group of like minded people to be able to combine your resources and keep track of markets instead of just being a one person team.

But just as you have your days of self doubt and irritation,  so will the members of your cartel.   That is when a leader steps up to make sure that the group is happy and functioning.   Making sure that your cartel is equipped,  their needs of items and trinkets sated and even the occasional gift can add to the group loyalty.

Cartels are not inanimate objects.  They are living, breathing people behind the keyboard with their own issues to deal with.   Whether it's a farmer that isn't able to put in as much time as they want due to personal issues,  or a little extra gold as a "bonus" to say thank you.   Little things can advance a cartel in the right direction.

I was talking with one of my farmers in my cartel and they were being asked to do some healing type stuff for dungeons.   Taking about 5 minutes I was able to see some upgrades that my blacksmith could craft for them.   Crafting that shield,  putting it in a gift wrap and enchanting took me all of 10 minutes to finish.   But that loyalty to know I would be the first in line for new items they farmed made it worth it.  

Management of cartels are just as important as management of your own personal stock.  The more productive that a cartel can become,  the better profits can be shown for just a little work.   A happy cartel member is a useful cartel member.

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 "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice. 

Previous Entries

Brawlers Guild: Your Killing Us Here
Change of Scenery
Mists of Pandaria in 5 words
Prepping For The Future
Eyes On The Prize
Pattern Farming With Your Jewelcrafter
Lorewalker This Way
Brawlers Guild Blues
Prioritizing Your Daily Quests
BMAH Strikes Back
Trick or Treat JMTC Style
Steel Negotiations
For Whom Does The Songbell Toll
To Level 90 and Beyond
Tales of a Gold Goblin Bully
Chess Pieces Taking The Field

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