Some of you may have heard that new epic ammunition is coming out for engineers. It will require rep with a new reputation group poised against the lich king but I'm under the impression that the new 5 man dungeous will give you plenty of rep with this new faction.
Engineers create the ammunition using 2 crystallized shadow for the arrows or 2 crystallized earth for the bullets and I would definately advise buying up these materials in anticipation for the patch. Earths can spike heavily but crystallized shadow is often pretty cheap so look for some deals while you wait for this new ammunition to hit the scene.
Shadow can be farmed easily in wintersgrasp and the earth can be farmed off of Revenants in stormpeaks.
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Diamond tipped cane, tuxedo shirt, tuxedo pants, tuxedo jacket, and jungle hat seem to be the ultimate auctioneer outfit for world of warcra...
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I decided to be an absolute jerk and do something so wrong, so EVIL, it couldn't possibly come from a standup auctioneer like me. I took...
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If you go on the JMTC Wow Gold Forum you will find people with gold in more than 6 figures... and they haven't been playing all that lo...
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I was doing a video on making 10 gold at early levels when you first enter a major city and I realized that level 1 casters have a huge adv... -
Here are the most popular twink and leveling enchants for low level characters and how to get them. Make these a part of your enchanter'...
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Zombies slouching with arms outstretched in unrelenting determination towards the targets of their burning hunger... bullets being fired by ...
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Attention blog readers, it's your turn to be the blog writer . Comments, concerns, ideas, questions... anything you want! Have a video y...
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Elemental Invasion Part 4: Twilight Bosses Loot Table 251 Shield Melee Off Hand Barrier of the Earth Princess 251 Plate Heal Waist Girdl...
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Here's a video on where to farm fel armaments , marks of sargeras , and netherweave cloth . Back at 70 I farmed here for three days to g...
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Ooooh Shiny! Players tend to focus on the shiniest and most lucrative looking gold methods because that's what all the 'guides'...
Pots of Gold - On The Fall of Gem Prices
I loved this article on gems falling in value because it's spot on: Epic gems have been slowly decreasing in price since they were introduced. Many gems I paid 400 gold for when they first come out have dropped down to an measly 160. Why is this? Supply and Demand.
First off, more ways to get epic gems were introduced, everything from transmutes to honor purchases to badges to prospecting. More and more gems appeared but what's worse, gems could be gathered by anyone, not just jewelcrafters and in large supplies.
As supply rose with the easy methods for gathering gems demand could never keep up. People were getting the gems they needed for free and then selling off the extras. This led to lower and lower prices. Myself, I make around 600-1000 gold selling epic gems a week. I buy them wtih honor, badges, and the uncuts off the AH if they are 25 gold below a cut gem's average value.
I also pay attention to trade chat for people looking for cuts and have a few of each gem on hand for this. One word of warning: if you don't make use of the cheap methods of getting gems and just try to resell them you will have trouble maintaining a steady cash flow. Mix it up and look into the badge/honor/prospecting/transmuting route for the majority of your gems.
I fear that all we have done is to awaken a sleeping giant and fill him with a terrible resolve. ~ Isoroku Yamamoto
Besides being a proud American and an enterprising entrepreneur, I am also a member of the Roman Catholic Church (tithing ftl). This being said, I have always felt that getting to heaven was the number one goal to hold for myself. I apologize if you are atheist or of a different religion and that offends you, but I have no problem with you expressing your own beliefs anytime you want on my forums or blog. Although Gevlon's attacks against me were a planned (notice he waited 6 days to make his post on a Tuesday?), unprovoked, brutal and brilliant surgical strike against myself and my blog, to retaliate would in no way bring me closer to my number one goal. So therefore I am not going to retaliate, however I will do my best to provide a thorough explanation regarding what happened for you, my readers.
Gevlon's Intent
What Gevlon did was attempt to assassinate my character, because, for whatever reason and I won't pretend to understand his thinking on this, he actually views my blog as a threat to him. Why I am not sure, but the facts all point to this irrationality:
1. Gevlon deleted perhaps a hundred comments from his blog (75 that I know of for sure). Every single deleted post disagreed with him or called him out for his actions. Seems like someone wants it to look like 90% of the commenters agree with the greedy goblin.
2. Gevlon brought Tobold into the mess with the hopes of spreading the news deeper across the interwebs. Tobold accepted and in one of his comments made the accusation that I was performing tax evasion. This of course was based on 0 facts and made him look rather biased.
3. Gevlon posted my personal email. This was not a big deal because I did send it to him. However, when commenters started posting much more dangerous personal information about myself Gevlon left the comments as they were. Judging by how actively he deleted comments he obviously wanted those to remain visible and that speaks volumes to his intent with the tabloid post.
4. Gevlon misinterpreted what I was asking him to do and exploded like he always does. However, in the past the greedy goblin has linked to me talking about how JMTC is the place to go to learn about making gold in wow and this sudden outburst just didn't make sense to anyone who had read those previous posts. In my email I tried to explain (although I was pretty angry in the second) that I wanted him to honestly and truthfully compare my guide to other ones. Coming from him this would of created huge buzz and generated lots of sales, and this would be a wise business decision unless of course your goal is to destroy JMTC.
5. Gevlon used the words lie, scheme, and marketing tricks throughout his tabloid article. First off I never lied in either of those two emails. You can accuse me of stretching the truth on my numbers, however they were based off of projections of readership vs past conversion rates on other blogs/sites. Second, there's no scheme here and the fact that my sales have gone through the roof since Gevlon's post and yet only one person has asked for a refund speaks volumes on the content of my guide NOT being a scheme. Marketing tricks? Since when does the greedy goblin know ANYTHING about marketing? There were no 'tricks' in my sales pitch. You can doubt what I said but that doesn't mean it's false.
6. Gevlon waited 6 days to post his response to my emails and perform his attack. Somehow I feel that if his actions were genuine and if he truly believed that I had wronged him that he would of reacted a lot sooner. The way he wrote it sounds like I had infuriated him into immediate action, but he actually took the time to carefully plan and arrange his assassination attempt.
The Fallout
There were no apparent winners in this Pearl Harbor style attack. The wow blogosphere showed how shallow it really is, with many sites following the greedy goblin and feeding off his every word without thought to the possibility that he could be lying. I have never had the support of the vast majority of wow related sites, but luckily for this blog that has not made a difference on readership growth. Every week hits go up, subscriptions go up, and the forums grow ten people per day on average. This is without the support of wow.com, mmochampion.com and now the wow blogosphere. The real thing I lost in this was my pride, and that's something I am grateful to be rid of as it's one of the hardest things to shake off in your lifetime. I did learn some value life lessons from this, and I am prepared to move on as a better person.
Greedy Gevlon didn't win either. You see he lives off his subscription numbers like an IV to a dying child. This incident only made him cling to them more. Here is a true marketing tip for you Gevlon: hits are king in this business, not subscribers. Evenmore than subscription numbers Gevlon craves attention. This is why he will lie about anything that seems to put him in a negative light. Remember when he said that he was messing up on purpose in the raiding guild that he purchased a spot in? Yeah right, if he was good enough to raid with that quality of players then he wouldn't of needed to buy a spot in the first place. Throughout this dramatic story Gevlon proved himself to be the self indulged, greedy, and just flat out evil person I've guessed he might be all along. This whole incident smacks of him attempting to assassinate the character of someone he deems to be a threat and he's shot himself in the perverbial foot with this tabloid mess. What businessman will ever approach him now? What blogger in their right mind will trust him? In the end Gevlon has shown himself to be the very scum he accused me of being. I forgive him for it, and I pity him.
The True Winners
But someone must have won in this matter right? It's the clash of the titans! Do or die, someone must come up victorious, right?! Well I can tell you that there was one clear winner in this whole mess:
YOU. The readers of this blog.
I received 186 emails the day Gevlon posted. One email was from a 16 year old boy asking for help finding a job. Another email basically said I'm never coming back bai! 184 emails were sent by concerned fans and supportive members of this community. I was overwhelmed by this. Every time I opened an email that said "per the greedy goblin incident" I was expecting hate but got kind words instead. You are the reason I removed many of my comments on other blogs and took down my shameful post which attacked the greedy goblin back. You are the primary reason I managed to get my cool back after angrily reacting, and who wouldn't react angrily to what had happened? Who wouldn't want to lash out at the idea of those close to you being made vulnerable by a lunatic's actions?
I thank my loved ones for their support and the members of this great community for their overwhelming enthusiasm. This is the best gift I could of asked for regarding the one year anniversary. In fact I will go so far as to say that what Gevlon gave me for the blog's birthday was more than anyone could have: Determination.
Here's to another year, and thank you! I promise no more drama posts regarding this matter, I'd like to move on and get back to the gold tips. /cheer
A handful of items are going to see their values plummet during the thanksgiving turkey events:
Netherweave Cloth, Large Prismatic Shards, Ancient Lichen, and Adamantite ore.
These items drop in the instance Sethek Halls and it's part of the pilgrim's plight achievements to kill the final boss wearing the proper attire.
Keep an eye out for netherweave dropping as well as netherweave bags this week. Large prismatic shards aren't used that much but you should still look to flip them for moderate returns after the holidays. The ancient lichen and adamantite ore are not in very high demand but if the prices get low enough look to pick them up and flip just like the prismatic shards.
Drink too much, eat too much, and enjoy your time with your families!
I wanted to start carrying friends in 2's but it was getting really difficult because of my 2700+ mmr. Therefore I decided the only solution was to go 2v1 until I bottomed out at whatever rating. That rating ended up being 1,000. Here are some of my wins while I was tanking down from 2700, including the first one which was an ~1850 team. Enjoy!
I've had this article in my que for about two weeks now and I have made 10,600 gold so far from carrying teammates to 1800. Everyone I've carried so far has had an absolute blast (that's part of my goal to let them have fun) and I think many of them emerged a better player. Not to mention the fact that they walked away with a shiny weapon to pwn in bg's with.
Some of you may not know what the Saronite Shuffle is, well in lay mans terms, it's the process of prospecting saronite ore, creating necks/rings, and disenchanting said rings or doing other things with the gems to make gold.
The game was recently patched (around two weeks ago) so that infinite dusts now drop around 1 more on average from level 71-80 greens. This greatly increased the value of greens for disenchanting, especially crafted greens.
Check out A Gnome's Conquest for this article on the Upgraded Saronite Shuffle to learn more.
Suggestion Box Friday is when I, the gold making guru, step down from my saronite plated frozen thrown (what else are you supposed to do with all that extra saronite anyay?) and allow you, the loveable auction house amateurs take a stab at making heads or tails of wow economics.
Feel free to discuss anything gold related, here are the comments of the week:
Regarding Vendoring Saronite Bars
Jeff said...
Stacks of green WotlK gems have been selling for 2g on my server. :-) Cut and sell for 5g, more if you get perfect cuts....
Regarding Titanium Bars vs Saronite Bars after Patch 3.3
Mus1k said...
I concur with Euripides mostly. I'd stack couple of tabs of saronite ore just in case, but won't be hasty to convert it to bars even, so that i can prospect em, if titanium hits the ground.
More interesting question is: how will the tit.bar price affect the ore price. One would think that the ore price must fall accordingly, but i feel it will not be the case for a while after the patch hits.
Discussion: Patch 3.3 2 weeks... 4 weeks.. 2 months away? What are your thoughts? I'm betting on 3-5 weeks with the arena season ending about 2 weeks after.
Knothide Leather is something that everyone has to burn through in order to level their leatherworking. I found an absolutely fantastic place to grab the knothide leather quickly and efficiently:
Talbuk Thorngrazers are your primary target, although you will find the occasional elek and Clefthoof Bull to skin as well. There are groups of four or so around every tree as well as by the lake which will provide you with a steady stream of fresh kills. What's more, by the time you finish killing them the original pack of 3 or 4 should have respawned, allowing for constant farming and skinning. One run through this place netted me almost 1 1/2 stacks in around 5 minutes. Not bad considering the heavy version of this leather can go for as much as 12 gold a piece.
One of my favorite ways to make gold is by simply buying items people posted on the ah below the price that a vendor is willing to pay for it. Upon purchasing these items I either use them in one of my professions or simply vendor for usually a small profit. One item I consistently see falling below market value is Saronite Bars. Eventhough blizzard included a small tooltip which tells someone how much the item vendors for on mouse over, people still post below vendor value.
The vendor value of Saronite Bars is 1 gold 25 silver per.
I have probably bought and vendored thousands of saronite bars over the course of a month, each one netting as little as 3 silver or as much as 75 silver per. What's more, I often find these get sold in stacks of 20 when they are below vendor price so it makes for some nice profits.
Are there any items that you often find below vendor value?
Some vendor items which auctioneer confuses for being worth more than they actually are:
Fish feasts, corpse dust, and fel hides. Watch out for these!
Just My Two Copper's One Year Anniversary is today!
So much has happened and been going on that I didn't really even notice the time going by like a freight train. I hope this year has been an amazing time for you as well and that I provided you with the information, inspiration, and most imporantatly the intellectual enhancements you needed to become an expert at the world of warcraft auction house.
In celibration of the one year anniversary of the blog I've dropped my gold guide's price down to $27 for the holiday season as well as added an amazing update with a niche market I discovered that provides an average of 600% profit on investment depending on server prices (based on testing on a dozen live servers). The item involved will blow your mind because I gaurantee you weren't expecting it to be this valuable. Besides this sweet method, I've also upgraded the guide to include several walkthroughs for key addons that will make your life so much easier in world of warcraft. Guides for professions have been updated as well with a few minor specific methods.
Please comment on your experiences with the blog and how it has impacted your wow life, or perhaps your real life as well. As mentioned on the how I wow podcast (RIP), I'm a pretty good motivational speaker and I hope I've positively influenced your habbits both by my words and my achievements.
Never stop learning, reading, experimenting, and most importantly... HAVING FUN!
Thank you for this amazing year. Looking forward to another!
I've had several conversations in the past with both interviewers and friends who jokingly assumed that I must dream of wow to have all these ideas about making gold constantly pouring from my overused and abused brain. The truth is... no I have never dreamt of wow.
Have you dreamt of wow, whether it was your character, an action within the game, or just the world of warcraft universe in general? Share your stories in the comments section :D
All right this is a blog about making gold so here's a very easy to make potion that is great for raiding 80's, especially warlocks: Major Dreamless Sleep Potion. (New WOTLK Version here: Potion of Nightmares
Check the comments on wowhead for the locations for horde and alliance to buy this recipe.
My Server Pre Patch 3.3
Saronite Bars - 2 gold each (16 gold for a transmute)
Titanium Bar - 30 gold each
If you buy out Saronite Bars now on my server at the current price you will be able to sell after patch 3.3 for 18+ gold and make a profit. Just how low will Titanium Bars drop? I guess I should pull out my crystal ball and tell you... 20 gold each. I am predicting that Titanium Bars will fall 33% in price and saronite bars will go up to the point where one stack is worth around 2.5 Titanium Bars.
So let's say my perfect storm happens and Titanium bars fall to 20 gold, Saronite Bars rise to 50 gold a stack. Regardless of how you stockpiled bars to resell them as titanium ore you would be selling for the same price as just selling the bars post patch. This is important however, for if you do buy up saronite bars for 2 gold a piece or lower pre patch 3.3 then you will be able to sell both titanium bars and saronite bars for the same profit margin, thus making it easier to unload your stock faster.
What do you think will happen with the prices, make a guess in the comment sections on the price of a stack of 20 saronite bars vs a titanium bar.
If you'd like to participate in the next brawl plz contact myself or brutality (Alliance) on Onyxia.
This is your day to be heard. You can talk about anything related to world of warcraft, so go nuts :) !
Cool Contest at WowStability.com
Want to win a 60 day Wow time card? Check out this post at wowstability.com for more info. All you have to do to enter is leave a comment on the site with an answer to the question: "If Arthas took the job of Santa Claus, what kind of Christmas would it be?" Contest ends November 30th 2009. Go show your support for this new wow resource and maybe win that 60 day Wow time card!
Gold Guide Announcement
I have been making some serious changes to my gold guide, including dropping the price down to $27.00 for the holidays and adding a super secret gold making tip so powerful that it has made me 600% of my investment every day that I've tested it. Several minor updates were made for patch notes and changes to certain strategies as well.
Your Comments of the Week
Regarding How to Deal with Undercutters
Anonymous
I use to make gold with the 100+hp twink enchant, the mats are 2 X Small Brilliant Shard and the price per shard is about 1-2g/each on my server, still I manage to sell the enchant for ~70g, and I sell several each week. By simply buying out all of the shards, so I deny all my competition. I totally agree with Daxenos that buying out all the netherweave cloth would be the greatest strategy, if the mats are gone the competition will be gone soon tooGood luck
Regarding Endless Rage and Frost Wyrm Alchemist Spreadsheet
Zeran said...
I agree with you honors, but you have to think about the numbers. Even if tanks (I know I am) are twice as likely to flask as dpsers, there is a minimum of 2.5 dps per tank (using a 2tank 3healer 5dps setup) the ratio gets worse as you look at 25man raids (I've never seen more than 4 tanks in a 25man, but even if you had 5 and 5 healers you still have 3 dps per tank). Thus, while I wouldn't overlook stone blood, dps flasks will sell better.
Regarding Auction House Tycoon Gold Strategies
goth said...
I agree with you views on the auction house. While I myself don't feel that I have reached tycoon status, it is the next logical step to breaking into triple figures. I pay close attention to some of the big tymers on forums, but still feel it takes much longer for me to learn a new market. I am more the type that tries to hammer a square peg into a round hole until it finally dawns on me to try a different approach.Hopefully, they will open up the mail system for player characters on both factions. Right now it is a major pain to get good across factions, plus the fees are a killer.
Discussion
Will saronite bars rise in value with the removal of the titanium cooldown? Will titanium bar prices fall as the saronite bar prices rise? Is it worthwhile to start buying saronite bars at the current price and then sell titanium one week after the patch lower than everyone else?
I received this email, my response is below it:
"Hi Markco, hanks for your blog. I've been following it for a few months now and managed to cross the 50k gold threshold for the first time this week ;)
I have a question for you regarding bidding wars. One of the tips I picked up from JM2C was making netherweave bags. The profit margin on these was pretty good. Mats on my server usually come to around 5.5G per bag and on a good day they were selling for 13G. There were already a few people selling large numbers of bags on the AH, so, not wanting to be seen as a threat, I would only post 3 or 4 bags at a time. This way, I figured, my bags would definitely sell and some of the competitions probably would too. I would do this three or four times a day (don't have time to be on all day long) and was turning a pretty nice profit.
Yesterday, however, disaster struck - a price war erupted between the major manufacturers. Each of the three main players started undercutting each other. And not just with three or four bags, but dozens at a time. This has meant that each time one guy got undercut he had no choice but to further undercut because with 30 to 40 bags on the AH cheaper than his there was no way they would sell out in 48 hours. Today bags are on the AH for 7G a piece - next to no profit for anyone. I'm not posting any new bags right now.
Any advice on how to deal with this situation? I guess I could try buying out the cheap bags until the price was back up to 13G, then resell them. But thats a significant investment and the (dumb) competition could just start another price war. Any ideas you have would be welcome.
Regards,
Whiteleaf"
Great question Whiteleaf and there are a few ways to go about beating your competition when they do this. First off, never assume that someone is not making money or that everyone has the same minimum profit range. It could be that the person posting has a farmer selling them items cheaper than you can get them.
Here's what I would do because it is unlikely that anyone farms the cloth for netherweave bags anymore (botters wouldn't anway):
Realise that this is just two or more people attempting to control the market. Buy out the bags below minimum profit and wait till after the weekend to sell your bags again. Continue doing what you're doing with a few here or there to allow for competetition and avoid price wars. Your competetition right now is too dumb to think like you did, so until they give up you will just have to wait it out and be patient.
Hope that helps!
Markco
Check out this forum post on Whittaker's alchemy spreadsheet which he developed for his alchemy business. I really like his style and how he handled the creation of this spreadsheet. Definately worth the download!
The spreadsheet focuses on Endless Rage and Frost Wyrm flasks which are key dps raiding flasks at the moment and will be in high demand while raiders push to take down the lich king in icecrown.
I'm no statician, but I'd bet money that less than 1% of the players in world of warcraft would be willing to try something as complicated as the Saronite Shuffle.
In building a strategy for becoming an auction house tycoon, you should keep in mind that the more steps involved in your schemes, the safer you will be against copy cats. You may be wondering what makes a scheme difficult to copy, so let me break it down for you in a quick list:
Having connections with the opposite faction (you will need friends for this since you cannot buy auctions from any of your own characters), commanding multiple professions on multiple characters, aquiring high amounts of startup cash, and managing to snag rare patterns or mats greatly distinquishes you from your fellow auction house tycoon. Less tangible and measurable assets would include: cyclical knowledge, understanding of supply vs demand, psychological understanding of buyers and sellers, as well as experience working with large amounts of auctions.
So the next time you come up with a clever way for making gold, be sure to always be on the look out for additional income paths stemming from your original idea which will complicate the way you're making gold and cover your wow auction house tycoon tracks. Work towards building up your own mini-cartel among your characters by getting them to atleast level 65 and maxed out in their professions. Something my girlfriend tried was making four alchemists and taking advantage of their gem transmutes. She makes thousands of gold each week doing almost nothing but transmutes and relying on alchemy procs for easy cash. Now how many people do you know who have four alchemists? Not many right? There's an example of covering your tracks by having complicated requirements for making gold.
Silently Farming,
His dusty pickaxe in hand,
Making the Golds
Farmers are a wonderful thing in world of warcraft. Now I don't mean gold farmers who try to sell accounts or make gold and what not. Though I must admit I have a blast kiting bots to opposing faction cities... maybe I'll make a video of that some day hehe. Who I'm talking about are the people who devote an hour or two a day (sometimes more) to grabbing in game materials and then they simply dump them on the ah for the cheapest price in order to get instant gratification and fill their coffers.
Taking advantage of these people will not only give them the instant gratification they live for, but also give you the materials for crafting at excellent profit margins. It's all about ROI after all (return on investment).
How do you find a farmer? It's actually quite easy, you simply look at the auction house and whisper people who post everyday. Be kind but don't let them know why you want the items. Simply say that you leveling a profession, that's the easiest cover up for whatever devious plans you have for their materials.
Buyers are just as important as farmers. If you can find the ultimate cycle, you will have a farmer giving you materials, you'll be crafting some item for super cheap but making excellent profit, and you'll have a buyer waiting on the other end who can't wait to buy every last item you created. Everybody wins! This is the basis for the wow economy after all: farmers, crafters, and buyers.
Here's how I make 1-2k gold a day from inscription without selling a single glyph:
1. Get herbs from three different farmers for 15-17 gold a piece.
2. Mill everything while talking on the phone or reading a book or w/e.
3. Craft everything into inks and sell the mats to buyers who have sent letters requesting snowfall inks or inks of the sea for their own crafting desires.
That's not the most profitable way to make gold with inscription, after all I could change places in that pyramid of players so that I'm the person buying the crafted goods to resell for more profit, but it is a very profitable methods for making gold. I gave it a try and it was definately a great way to make gold without risking anything.
Give it a try with other trade skills such as disenchanting, prospecting, or any form of crafting. Find a farmer, craft your goods, sell to a person who will try to resell them or craft something else from your mats.
It's a lot of work but it's gauranteed gold for those that need it, so I definately recommend this for someone who is hard on their luck for cash. Also, be prepared to reinvest a lot of what you make to keep your business running, I tried this for a few days and found myself buying herbs with 75% of my profits each time and expanding by 100-200 herbs purchased every day.
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 Auction addon which you can find detailed in this thread on the JMTC forums.
Many of you are probably wondering, well what does Markco do? Does he play the 1 copper fiasco and sit at his computer for hours waiting to be undercut so that he can return the favor? Does he always stick to a 10% reduction of price, hoping to infuriate his competition? Does he enjoy talking in the third person?
I'd have to say no to all three of those questions.
What I do is gauge supply and demand. Price is merely the bow with which I play the perverbial auction house violin. Undercutting is a powerful tool which will always negatively effect the price of an item. By being wise about how much and how many items you undercut with you can keep the price from dropping too drastically, or you can send it into the stinking pits of the earth, dragging your competetition down with you.
A normal undercut is what I like to refer to as a 5% cut in which I am selling one or two items and want them to be the best deal when I think they are going to sell rather quickly. A severe undercut is when I want to drive off competetition and force both the auctioneers and then buyers to grab my goods. I find that the latter is far more profitable because 1. people will not undercut someone who drastically goes below their profitable price range and 2. you're now appealing to another market entirely: your fellow auctioneers.
Take armor vellum III's for example, I can sell these for 2 gold each and still make a minimum profit. So I post three hundred of them for 2.5 gold each on any given day and every single one will sell in 24 hours. The next morning I wake up and there are my armor vellum III's sitting pretty and being sold for 500% markup from what I was selling them at. In comes another 300 armor vellum III's for the auctioneers and buyers to pick up. I make oodles and oodles of cash and the people buying me out relist for oodles and oodles of cash. I win, they win, and the consumers win. What's more, no one else has the cahonies to do the same, and if they do I will simply run the price into the break even point which I know they can't compete with. That's my favorite way to undercut.
Keep in mind that undercutting drastically effects supply and demand. If you want your goods to sell quickly and efficiently then do not preform a small undercut with so many items that supply gets too far ahead of the demand for the item. You'll be stuck with items that quickly become undercut and never sell. Remember that undercutting is an artform, so don't go in there wildly waving giant paint brushes while drawing stick figures on a torn canvas.
The large majority of players using the auction house are one time shoppers/sellers who are unaware of the eb and flow of the river they are temporarily traveling. Nor do they understand the dangers of attempting to cross without understanding the factors involved. Luckily, you are not one of those people. You came to this blog and the hundreds like it because you wanted to unlock the 'secrets' to making gold but mostly because you want to understand.
There are three 'pieces' to making gold that you need which mirror the factors required for success in real life:
1. Motivated to Learn
2. Organizaion
3. Determination to Stick to a Plan
Being motivated to learn is what will begin your quest for gold domination as well as keep it healthy and growing. If you ever stop learning you will soon fall prey to the person that didn't stop. When you first start out you want to be a voratious reader and be like a sponge to a current of knowledge. Experimentation is also part of being motivated, so feel free to take big risks and remember that even if you lose out you still learned something in the process.
Organization is what seperates two well learnt auctioneers from each other. If you have everything planned out into a system then you will not only save time but your customers will come to expect your goods. Organization is the key to creating a consistent income, as well as helps you learn your own markets because you are always present in them.
Determination to stick to your organized and motivated plan for success is what allows you survive tough times. Don't mistake determination for stupidy however, as a wise man once said: Consistency is a virtue if you aren't a screwup!
What should you do with this post?
First, get a piece of paper out and organize everything down to running to the mailbox for all your characters. Create a day by day to-do list as well as organize any cooldowns you might have on various cycles. Try to focus on a Tuesday to Tuesday cycle that you can follow along and repeat. Write down everything including which characters you log on, what you will sell and in what quantities, time you will spend farming, etc. In other words become a well oiled machine following an intricate plan for success.
Second, stick to your plan and ride the tough days out. Think long term, and always look to take advantage of those that aren't. Look for price gougers, people dumping stocks, etc.
Finally, keep learning and experimenting. You'll find that the time you save with your organization will allow you to mill around the auction house looking for deals or taste markets. Find farmers, play in trade chat, or do anything else you can think of to continue learning and exploring.
Most importantly... HAVE FUN!
Suggestion box friday is your chance to be the blog author. It's when I, the money making guru of glorious gold stacking glory descends from my frozen, saronite plated throne for a short time in order to provide you, the loveable rank amateur, a chance to try your luck at making heads or tails out of the living beast we call the auction house.
In short: You can basically write about anything you want, and I sort of take the day off to go get smashed on kungaloosh.
Comments of the Week
Regarding Two Manning Flame Leviathan for Gold
Thomas said...
Doomwalker can also be two manned (even soloed according to wowhead comments) and drops even more gold as well as level 70 BoE epics (which, granted, doesn't sell for all that much anymore)
Regarding Winter Veil Coming Soon
Deborah said...
Agreed. The holiday market is, at times, amazing. I sold much more ice cold milk and simple flour than I thought I would in the past 2 days. But the reason why is so obvious that it is easy to miss: no vendors in dalaran sell these items. Or they sell just one, I can't remember which now. Being a mage, I can port willynilly to get what I want (hint: exodar) and be back again quickly. Except when the bug for the bread of dead existed and it all went poof* when you ported.
In any case, don't underestimate the power of small items. And since these are such cheap investments, you can undercut way down to the quick. Also - if you end up with excess supply, keep it until the next holiday. Odds are that there is some item that will use them.
I've been thinking lately about Cataclysm and how guild talent trees are going to play out. For one, I see these trees being very customizable but also restricting like a normal talent tree in that you have to choose specific talents for specific goals. There will most likely be a 'best' pve spec, pvp spec, but then there will be the hybrids as well.
There will be one hybrid that is going to be focused on making gold, lots of gold actually. Everything from increasing the amount of gold your guild farms from mobs to the amount of gold bosses drop are already talents on the trees, and I'm sure more will be developed.
A long time ago I made a joke talent tree for the auction house, this was before the Cataclysm was announced so the idea was pretty revolutionary. With the onslaught of guild talent points this 'farming spec' or even 'auction house spec' could become a reality.
Imagine guilds for your alts based solely on farming cash... will this destroy the individual aucitoneer? Everything about the cataclysm seems to suggest that blizzard wants to focus on group play... bgs and instances are going to require a guild to be effective and earn top gear. With talent points that boost your income while farming, how could you pass this up as an auctioneer?
Now obviously I haven't forgotten the fact that most of you savy auctioneers use your own single player owned guild banks and guilds, but this will not work in cataclysm. In order to get guild talent points you will need to build up some form of guild points (not yet announced) which will allow you to purchase those precious talent points. Ideas for accruing the points include daily heroics, bgs, arenas, and dungeon clears... how are you going to get all those points solo?
There is one final work around for those of you who do not want to lose your individual selling style and that's the purchasing of guilds already built with talent points and guild points for retalenting their trees (since you'll want to change their pvp/pve spec'd guild to a money making one). How hard will this be? Who knows, all I know is that guild cartels are going to start showing up, and it will be interesting to see what this does to the auction house. These cartels will be able to spend their guild points on raiding consumables and sell those to the various raiding guilds on the same server who might be saving points to buy more talents. The possibilities are endless and the speculation bottomless until more concrete information comes out. Just be ready to start making more friends on the auction house!
This tip comes from Ashe, one of my favorite youtube gold making artists!
Hey again Markco!
Just thought I'd make a quick email about something I like to complete each week. This is not a new idea but I imagine a few people might not know about it.
Two manning Flame Leviathan in Ulduar 10 can be great fun and provide some real benefits. You usually receive around 150 gold as well as two epic ilevel 219 items that can be disenchanted. If you are an engineer the profit is even greater as you can disassemble the boss for extra items.
I have made a very quick youtube video showing how I two man the boss and I hope this cold be useful for some of you:
I'm heading back home today and am looking forward to see how the scavenger hunt went last friday. Were you guys stuck on any of them? Now's your chance to finish it up!
There are a few major part to Winter's Veil which you can make money off of if you start preparing now.
Winter Squid
Catchable in Hinterlands, Azshara, Tanaris and Feralas.
As pointed out in a comment here:
September , October , November -> winter squid and summer bass
December , January , February -> winter squid only
Here's an interesting point:
June, July ,August -> summer bass only
So if you're patient you may want to sell your winter squid during the summer for some low supply, medium demand for cooking/fishing achievements.
Small Eggs - Zach wrote:
"Hello Markco, with the holidays fast approaching, I figured it might be a good time to remind everyone of the profit that can be made from small eggs. Once winter veil hits, those who still need achievements will pay decent sums of gold for these easily obtained items. The best place I have found to collect them is the dragonhawks in the blood elf starting area."
Tailoring Patterns - Tiffany wrote:
"Wool cloth: For hordies just head to Silvermoon. The tailor's shop in the Bazaar sells not only wool bits of cloth for a couple of silver, but also bolts of wool cloth that will be a hot commodity in about a month when tailors start making winter clothes and leather workers start making winter boots. The cloth needs to come somewhere so grab the bolts and bits of cloth wherever you can find it and stock up fast. I have an alt camped at the tailor shop and nearly every time I log on I end up with 4-9 pieces of wool cloth and sometimes 2-3 bolts of wool for a few silver each. So worth it when the cloth goes for 90s or so a pop (each) on my server."
I'd like anyone new to the blog to take a look at this awesome series (pats self on back), and for those that have already read them, please add your own input to the comments section.
This kind of set of posts was actually really fun to do, if you'd like to see anther simliar series add in the comments what you would like it to be about. Please keep it gold making related (sorry prot pvp fanatics).
Twinkletoes wrote on the forums regarding saturated markets:
There are a few things that instantly spring to mind.
Firstly, you recognise that a market has a limit and it would appear from what you've said that you are posting right at your markets limit. This is a good thing and is something many people dont get.
There are really only two ways round this. Dip into another market or time your market better.
In timing your market you should look to find out when your items are bought and be there to repost so you always maintain a full presence. To avoid sitting on the AH all day and night have a think about who's buying and what they are buying for. We know its probably enchanters buffing a friends/guildies gear or people gemming up new epix. That says to me you should post just after the instance reset at 9am server (for europe) and just after people finish raiding. Be there spamming trade with your wares while your at it. I think there is a beancounter data parser on this fourm to help.
The second way is of course to enter into other markets. Grab one of these all singing all dancing spreadsheets that are knocking around input your servers numbers. This will let you know whats profitable. I suggest as your already supplying the raider try looking into other similar markets. Flasks, Leg Armour, Food, etc. If it was me I would spend some time understanding the high end food market and the enchant scrolls market.
Finally, 14k a week is a good number to be at. Auctioneering 101 is patience. Understand when your onto a good thing, keep it quiet and simply repeat what your doing gradually building up your reserves.
Here's my ghoul video from last year, enjoy!
Stay safe tonight, don't drink too much kungaloosh!
Today I'm actually not here, as I'm somewhere in the wilds of the midwest fending off wild animals and avoiding scary red necks with big guns. Hopefully I'll make it back in one piece!
Anyways, I have a little game that I constructed for you to play as a team. Your mission, should you choose to accept it is to answer the following questions using the information found within the hundreds of posts on the blog.
For some this will prove a real challenge, so I'm asking that you comment with the answers and try to get them all done before I get back from my trip on Tuesday evening. Looking forward to reading how far you got!
Here are the questions, all answers can be found in previous posts or comments:
1. According to Hokiejaybee, what is Markco's RP brother's name?
2. Who is hoarding frostweave in sholozar basin?
3. What can you farm in durotar at level 9 for lots of easy gold?
4. Can you name the numbers in the XX/XX Rule?
5. What can be combined with Draenic Water to produce an item that often vendors for more than the mats required to make it?
6. When is the "Black" time period for bidding?
7. What is the #1 gold maker on the neutral auction house?
8. Which is better use of your gold according to my math, a guild bank or a normal bank full of 16 slotters?
9. Can you fill in the numbers that Bitwise uses for his auctioneer scans?
Minimum Profit: XXs
Minimum Discount: XX%
Minimum Seen Count: XXX (to be accurate on prices and profits I set this very high)
10. What advice did the greedy goblin have for players complaining that they couldn't make gold because their server was 'high population'?
11. What were the two possible nerfs I wrote about that I may have caused from posting on the world of warcraft forums?
12. According to Bill, what mobs drop a BOP Jewelcrafting Design and he got it on the second kill when he went back to the farming location in storm peaks? Hint: Gray Loots.
13. What extraordinarily rare item pwns a level 80 player but drops off low level mobs? A recent patch nerfed this item and gave it pvp dr's and reduced the time it affected a player.
14. What dessert might hurt if you ate it but definately is worth disenchanting?
15. What undead giant has a 43% chance to give you 6 gold?
16. Who gave the Mithril Ore gold tip?
17. "Just to the west of the Argent Dawn camp where you can do Troll Patrol is an amazing farming spot." ~ What was my name for this spot?
18. What are the top 5 addons Valrot can't live without. Hint: You will need to find a link to the location of this answer.
19. In what youtube video linked on the blog did I say "If you like monkeys please click away"?
20. "I may be the only warrior in the world who is going to shelve this in the bank after using it." What weapon was I referring to in this quote?
21. Where did I send my guildy to make some quick cash before his raid?
22. What item costs an eternal earth, water, shadow and four saronite bars and modifies a gear piece?
23. When an anonymous user was getting flippant, Scrooge responded with this image. What was the title of the post?
24. What primal still sells for amazing profits to level 80's looking to enchant their boots?
25. Which Auctioneer Tip stated: "Purchase an item as a stack of 20 and resell one at a time for 150-300% profit."?
26. Which blue gem according to my reliable sources sells for the most gold?
27. What poster recommended including cloth to help sell portals to leveling lowbies?
28. Long Elegant Feathers are the hardest component to get for what item?
29. What title does my brother use? Hint: It's not doctor.
30. What youtube video linked on the blog also played a song that included the lyrics: "I'm fat, I'm fat, I'm really really fat."
31. After 20 minutes of farming I found 35 Blindweed where?
32. What mobs can you farm without ever moving? Hint: They are neutral and in Icecrown.
33. What was the title of the post which the rogue Valustria submitted.
34. On what post did I say: "Create a level 1 of the opposite faction (better be alliance)"?
35. Which Suggestion Box Friday Post featured a video on farming crabs in westfall? (Looking for the date here)
36. What post did I say this: "Guess something good came about from my being banned after all: I had been removed from his ignore list."
Ok I've been at this for a while now and I got to believe this will keep you entertained for a good amount of time!
Now for the final question:
On what date did mini-me appear on the blog?
I'm heading out later this evening to go fly and see my girlfriend, so I will not be avaiable for emails, youtube, twitter, the gold guide or the forums for the next 6 days.
The blog will keep rolling with posts that I have saved up, and I will go back to read them when I return from the trip. Maybe... and this is a huge maybe... I will have some free time to peak at a computer to try and mitigate the slew of emails I'm going to have waiting for me when I get back.
Wish me luck, this is the first time I will get to be with her in person, and I've been kicking my ass for over a month to look my best. (-21 pounds in 31 days last count)
Also: I have an awesome game for you guys to play tomorrow, so stay tuned to the blog and have fun!
I really wish that blizzard would implement a 'dalaran solution' for Frost Lotus like they did with arctic furs and snowfall inks. Because of the insane prices of frost lotus from all the players saying 'oooh I need this right now I will pay 60 gold for it!' it is a real challenge to make money with flasks like stoneblood. Currently I just sell stonebloods that I get from alchemy procs while learning new flasks, and I never actually produce them myself.
If you're farming or leveling alchemy, try to stay away from frost lotus, it's just not reliable to count on the 15-20% proc from your flask spec to make gold. The best way to make gold with alchemy is to find flasks or potions that make you gold regardless of procs, then those just become icing on the cake.
Should blizzard implement a 'dalaran solution' for Frost Lotus?
Check out some 3.3 Speculation on the JMTC forums!
If you haven't registered and become a member of these incredible forums... um what are you waiting for?If you're going to powerlevel someone, do it in the right locations!
Here are my favorite power leveling spots in the game. The last three are awesome for having the person just sit there in xp range enjoying the slaughter and aren't as dangerous as moving through an instance (come on we've all lost a lowbie or two powerleveling them).
Dead Mines - Wool Cloth
Scarlet Monastery - Silk Cloth
Dead Trolls in Eastern Plaguelands - Rune Cloth and Essences of Undeath
Legion Hold - Netherweave Cloth
Sholozar Basin Undead - Frostweave Cloth
Icecrown Warlocks - Frostweave Cloth
This thread was pretty awesome:
http://20kleveling.com/JMTCforum/viewtopic.php?f=30&p=14772#p14772
An unexpected visitor showed up too, there was way too much gold guru awesome in one thread lol.
Anyone here want to share a success story in the comments, regardless of whether it was inspired by this blog, forum, youtube, etc.
Farming Clothies in Icecrown - ENJOY!
Probably the best clothie farming spot ever for level 80. Reminds me a lot of legion hold, everything down to the long green glows to the pillars and the warlock casters. Atleast there is no annoying elite walking around!
Discussion
How will the new snowfall ink based glyphs affect the wow economy? It appears that blizzard is working on creating several new glyphs that require snowfall ink as a reagent. What's your thoughts on this?
Comments
Regarding Riding the Wave
Indy said...
Pygmy oils can also be used to make Guru Elixir, a decent buff for anyone - +20 to all stats, as I recall. I haven't found it to be a good seller, though, on my server anyway.
Given the high vendor value of pygmy oil (1.5g/stack), I haven't considered the risk/reward ratio reasonable enough to AH them. (My server is medium pop at best, too.) I've done a bit of advertising in trade channel for it, and sold some that way, and found some regular buyers to COD to.
So thanks, Marco, for mentioning pygmy oil earlier. Instead of vendoring the supply I get off my fishing expeditions, I decided to recheck the market and got some extra from it.
Regarding 10 Tips to Leveling Professions
Onewing said...
This is such a great example of why this blog works so well for both the hardcore and the casual gold-making player in WoW. Never underestimate the value of stating what appears to be obvious. I doubt any of the hardcore players reading this don't do each of these steps to some extent, but having them written out provides a focus that can improve the process. What seems like a post targeted at the casual player still provides value to those dedicated players that typically scoff at the "casual" tips on other sites (i.e. Wow.com)
Regarding Arctic Fur Predictions
richard said...
Also.. transmute:titanium no longer has a cooldown sooooooooooooo you figure it out.
Regarding Stop asking how much gold you can make per hour!
Bill said...
Measuring gold/hour is like measuring weight loss. Or DPS. Its valuable to understand your gold/hour, as long as you calculate it appropriately. Don't "step on the scale" at the wrong interval.
All these measurements can assist you in getting better in your given task. You just need to understand what they mean. And over what period.
Weight Loss
Down to ~238 pounds, which is just 2 pounds shy of my 20 pounds in one month goal with just a week left before I fly out to see my girlfriend. I think I'll make it easily :)
Time to learn to ride the wave of supply and demand with Pygmy Oil!
One of my favorite items to sell are Pygmy oil because of how much the demand for this item can flip flop on any given day. I do this for fun, the profit is minimal (50-200 gold a day) but it's a great excercise in suppy and demand for a new aucitoneer. What's more, you can take the following strategy and apply it to much more expensive items such as pets and epic weapons or enchants.
Day 1 Pre-Game:
Pygmy Suckerfish 2 gold per stack
Pygmy Oil ranging from 8-12 gold per stack, lots on auction house
Oil in Bags: 260
Day 1 Action:
Buy out all suckerfish and craft into oils.
Oil in Bags: 343
Post 15 stacks of pygmy oil for 5 gold a stack.
Day 3 Pre-Game:
Pygmy Suckerfish 4 gold per stack
Pygmy Oil ranging from 4-6 gold per stack
Oil in Bags: 223
Day 3 Action:
Post 10 stacks of pygmy oil for 3.50 gold a stack.
Day 5 Pre-Game:
Pygmy Suckerfish 2.50 gold per stack
Pygmy oil market empty except for 2 half stacks at 2 gold.
Day 5 Action:
Buy out all suckerfish and craft into oils.
But out oils.
Oil in Bags: 127
Post Pygmy Oils at 20 gold a stack.
Gold made in one week:
240 gold Time Invested: Maybe 10 minutes, 90% of which was crafting, but luckily you can post and craft at the same time, as well as craft while openning your mail.
Eventually the market will recrash and as a result pygmy suckerfish will as well. What's important is that regardless of how low pygmy oils get, suckerfish will still yield 1-2 oils, making you a profit even if fish and oils are identical prices.
This makes pygmy oil one of the most successful markets that can 'ride' and thrive off random supply/demand changes. Regardless of whether you're crashing or riding the wave of demand you will always make money. Even if one person buys a stack of oils you more than cover all your costs of posting 10-15 stacks.
Try applying this concept to other markets... Comment!
Certain professions literally pay for themselves while you level them, here's a quick look at the basics behind how you can make money leveling your professions.
10 Tips to Leveling Professions
1. All manufactured materials have a use or can be disenchanted. Vendoring is the worst option 99% of the time.
2. Leveling Professions that compliment each other is a huge bonus and allows for more options when making gold leveling up.
3. Always focus on both at once, don't skin level 40 mobs when you're mining is so low that you can only do copper. Try to achieve a balance.
4. Put everything up for auction you don't need for later use. Be careful, some professions require earlier created items for more complex and higher level crafted items.
5. Have the bags for the job. I find that all 20 slot bags works great, instead of focusing on profession specific bags. You never want to toss away the whites/greens you get killing mobs while leveling professions.
6. Purchase skills frequently. Mining for instance can be a lot faster if you make use of the smelting patterns you can purchase.
7. Make dalaran your home. Even if your character is a lower level, this helps a ton with traveling around.
8. Get routes and gatherer. These addons make farming a sinch! Make use of sites like wowhead.com to find where items drop from monsters for farming spots.
9. When the skillup is green, it's time to move on. Don't let guides online fool you that it's worth it to level up through green skillups.
10. Certain items are worth far more leveling up than others, particularly items used by level 80's such as early level glyphs. Pay attention for these awesome sellers and perhaps spend a little extra time at those locations farming, maybe even farm till the skillup is gray instead of green.
In patch 3.3, Braeg Stoutbeard is going to sell Arctic Furs for 60 Borean Leather (10 Heavy).
What does this mean for the speculators? It's time to buy up Borean Leather, and lots of it. If you want to make a killing off this change then you are going to want to follow these instructions very closely.
1. Sell your arctic furs slowly over the span of the next two weeks. Try to get as good a price as possible while also listing just enough to not send the market into a tizzy.
2. Buy up Borean Leather at a price that will make you money from disenchanting. This way if the market doesn't work out you can craft Nerubbian Legguards and still make gold.
3. After weeks of buying up the leather, you will be ready to make your move on patch day.
4. During patch day, post your borean leather after the first crazed hour or two when people are buying it up. Then post your borean leather for 150-300% markup of what you purchased it for. Try to entice the people who already stockpiled borean leather and are trying to corner the market to buy you out and relist. Post slowly and you will make a killing.
5. If you want to gamble you can buy out arctic furs when the market is flooded with them over the week or two after the patch, but that's up to you. Personally I will be happy with just my borean leather sales.
For over a month now Justmytwocopper has been ahead of Tobolds.blogspot.com according to sitemeter by about 700-1000 visitors per day. This really impressed me, because Tobold's blog was where I did one of my first guest posts regarding the analysis of dream shard economics and it really put my blog on the map. I want to encourage everyone to take a moment today to head over to Tobolds.blogspot.com and read some of the excellent articles he's done on MMORPG's including everyone's favorite: world of warcraft.
Once again thank you for reading Justmytwocopper and for those of you who have taken the extra step to get involved in the JMTC community forums my hats off to you for making this website into a home for savy auctioneers of all skill levels.
Every few weeks I feel the need to welcome new members to this amazing community and 'show them the ropes' so to speak. Many people read this blog via a feed, which is great, but they miss out on some of the links here at JMTC that help members communicate. After all, commenting and getting new insights from readers is half the fun here!
Here's a look at some of the awesome avenues of discussion one can take at Just My Two Copper:
1. Comments
At the bottom of each post is small blue text saying 'X Comments'. I know this is a very noobish thing to explain but some people do email me from time to time asking how to see the comments for each post.
2. Forums
My greatest pride and also the one section of the site that I try to avoid posting in like the plague. Here some of the greatest gold making minds have come together to help noobs and grow their own businesses. There is no other place online like this forum, and it's the perfect outlet for both new and experienced players to discuss auction house mastery. I hope you try this forum out and are simply blown away by the quality of its content. There's even a section for newer players to ask for help on getting started.
3. Youtube
Under the alias 'foldberg1' I like to post youtube videos from time to time (average is 1-2 a week) and they can range from prot pvp videos to cool gold strategies. Definately worth a look as I do not always repost videos from the youtube to the site.
4. Twitter
I'll be the first to admit I suck at twitter. Sometimes I post four times in one day, the next I might not post at all. Follow at your own risk.
5. X-Fire Live
Less used than my twitter, every once in a while I'll set up the olde X-Fire and show off some moves. Usually just fun stuff with lots of dead alliance in the end. The last big X-Fire was a 2v10 with my bud jhaman, that was absolutely hillarious. Friend me on X-Fire and you'll know when I get online (markcolol).
There are many more ways I'd like to provide communication methods for my readers, but I won't realease anything until it's 100% ready. I'm also working on a gold guide podcast which I hope will blow you away.
Wow Confidential Presents: Inscription Darkmoon Card Video
I liked this video as some people probably have no idea how valuable those cards can be, especially if you sell them just before or during darkmoon faire. Be careful though, there is no gaurantee that you will get a nobles card so your mileage will vary from Wow Confidentials. However, if you are patient and slowly build up supplies for the weekend before the faire starts you can craft your cards and make some amazing cash for the next couple of days.
A Gnome's Conquest Presents: Speculation on Darkmoon Cards
Heya this is Carbon from A Gnome's Conquest and thank you for reading my guest post at Just My Two Copper.I wanted to talk to you guys today about my thoughts on card making in 3.3. There has been some talk around the JMTC community about whats going to happen with the new wave of welfare epics from the 5 man. Here are my thoughts about them:
On my server people were crying that 3.1 will ruin the deck market and it did to an extent. Prices on my server went from 8-10k a nobles deck to 3.5-4k a deck. This was a substantial blow and caused many card makers to find other markets. But if you noticed because of it herb prices also dropped. Adder's Tongue prices on my server went from 35-40g a stack to 15-20g a stack. You spend 40g to make 8-10k and now you spend 20g to make 4-5k. Your profit percents are still pretty much the same.
Patch 3.2 brought with it ToC and a new set of ilevel 200 trinkets. But it also made the darkmoon trinkets boe which is what saved the deck market and actually nobles prices went up and I can get 5k for a noble trinket.
Patch 3.3 will bring a new 5 man and its not certain if new trinkets will drop. My guess is they will drop ilevel 219 trinkets from the normal version. However we don't know the difficulty of the new 5 man. It might be something like Magister's Terrace where it was (somewhat) challenging (compared to other heroics).
If a trinket drops in the new 5 man I expect deck prices to drop a little but not by much. Currently they sell for 5k in trinket form and 4k in deck form and I expect to see them settle at around 4k-4.5k in trinket form and 3k-3.5k in deck form. The reason for this is simple. People want an item now and for many people 4k isn't a lot for a good solid trinket.
Thank you for reading my 3.3 Darkmoon card speculation post and please be sure to stop by gnomesconquest.blogspot.com to read more :)
Regards,
Carbon
I was feeling pretty good today so gonna toss up my latest youtube video as well as the normal 8:00 AM post.
Enjoy some Prot PvP Loving!
Seriously... STOP THINKING THIS WAY.
It doesn't matter how much you make per hour. What matters is that you make X profit from X materials in X auction cycles. By auction cycle I don't mean 12/24/48 hour periods, I mean how long it takes for prices to go from prime selling to prime buying during their daily/weekly/monthly/seasonal cycles. Once you start getting into how much you can make in an hour you hit a wall of random possibilities and variables.
So STOP THINKING ABOUT HOW MUCH GOLD YOU MAKE PER HOUR. Instead, think about how many glyphs you sell on a weekend, or how many you sell on thursday when your most hated auctioneers compete with you. Think about how much gold you make after a week of selling pygmy oils or netherweave bags. Think about how many flasks of endless rage you can sell on a busy raid night a half hour before most guilds raid.
I hope this opens a few eyes. Making gold on the stockmarket or wow auction house are not measured in hourly amounts for a reason. There are just too many variables to decide just how much you can make in an hour. Sometimes you get lucky, sometimes you don't, but if you are persistent you will make a consistent amount of gold doing whatever you do.
This week should be called suggestion box Thursday... just look at yesterday's post!
Discussion
What items will be big after 3.3 goes live, what items will lose value? (COMMENT YOUR SUGGESTIONS!)
Comments
Disenchant as Loot Option in 3.3
Belsebub said...
Finally! I'm tired of having to tell the whole group that I'm a DE just to have everyone greeding on every piece of BoP loot...
Mmo-Chumpion Strikes Again Best Thorium
Wiggin said...
Good job Markco for pointing out that these tips (more like direct instructions) leave areas for us real auctioneers to make massive gold.
I was upset when I first saw the post on MMO-champion because prospecting thorium has been my most consistent source of income for months!
So far on my server things are going well for me. Thorium ore usually sells for 30-40g a stack (lower than most servers) I however only bought when it dipped below 20 when farmers dropped their supply. The last 6 hours I've sold probably a dozen stacks for 60-70g per.
On the bright side, gems haven't been flooded (yet)! Still selling Opals/Emeralds for 15, Diamonds for 12.5, star ruby's for 10 and blue sapphires for 5.
Thankfully I have both a large supply of gems and thorium, so I don't even have to farm, I just have to watch and see :)
Building Trust
KevMar said...
This just shows that you are reaching a wider base of readers. Just a small percentage of your readers are idiots. The more idiot comments you get, just indicate the larger number of readers you now have.
Feel free to just delete those comments.
Back to the topic, I know my competition reads my blog. I will offset things I do or try by a few days or even weeks. I write the post in the moment but queue it out several days.
Like this last week, we had an herb shortage. I was weak in the market while I got things in order. I am back in the market at full force now because of an ink farmer I picked up last tuesday. My post that talks about my first buy from him will show up in the morning.
With that said, I am not manipulating my markets like those guys sugest with the blog. But I am keeping myself 1 step ahead of my competition.
Weight Loss
Finally another 2 pounds lost today after almost 7 days not losing a pound. Looking forward to the next week :D
I'm down 15 pounds in two weeks, not too shabby! I want to thank all the people kind enough to send me emails and offer advice. Still hoping for 20 pounds in one month... oh and for those who guessed it, I am doing this for someone very special to me.
Today is going to be really fun if everyone participates. Go ahead and place in the comments section your absolute favorite way to make gold. Keep in mind, it doesn't matter if it isn't necessarily your BEST way, but just your FAVORITE method.
Ok I'll go first:
Selling Armor Vellum III's and making 700% profit.
After you all make your list, I'll write another post regarding your methods.
Keep it to three ways to make gold max if you are torn on your favorite.
Thanks and have fun!
Onslaught Rings - The best item to create and disenchant for greater eternal essences and illusion dust! There's just one problem - the mats are ridiculous!
For one onslaught ring you need a thorium setting, a powerful mojo, and an essence of earth. That's anywhere from 10-15 gold on my server, and the ROI is around 2-10 gold after disenchanting. That's not that amazing, unless you go and farm your own materials.
Here's where I would go to farm those materials:
Earth in silithus (northwest corner), powerful mojo in eastern plaguelands (Undead trolls up north), and teh thorium setting (need a thorium bar from darkwhisper gorge or sillithus).
The best way to farm for this ring is to send a toon to sillithus and a toon to eastern plaguelands and farm them one after the other, using the chapel and the cenarian camp to mail the items to your jewelcrafter. Since those areas are low level you don't even need a max level character to farm there. Deathknights would be recommended for eastern plaguelands right after they leave the starting area and anyone can go down to sillithus.
This market is one of the hardest markets to enter (the greater eternal essences and illusion dust) because once you hit 58 you head to outland and no longer get greens which drop the level 51-57 enchanting mats. Since no one does the instances anymore (maybe a zg run here or there for the mount) the market is pretty dry.
Lucky for you guys I'm no MMO-Champion and this strategy is complicated enough that most readers will not even attempt it. But if you take the time to set this up correctly you will easily have a never ending supply of essences and illusion dust. If the market gets low from multiple people doing this, simply sell your mats instead of crafting the rings.
Have fun!
Abyss crystals are going to see a nice increase, as you can now d/e something in patch 3.3 as a loot option.
That's probably going to look like this:
Need
Greed
Disenchant
Pass
In fact, the pass option might dissapear entirely. Neat stuff!
Looking forward to this change, even more infinite dust and greater cosmics will be flooding the market as people d/e the cheaper abyss crystals. Supply goes up, price goes down. When that hits, abyss crystals should see a similiar dive to what they saw when TOC 5 man came out and dropped epics even in normal mode. Be wary of buying oppurtunities in the weeks after patch 3.3, especially during the day when most pugs are running, instead of at night when raids are in session.
MMO-Champion released another 'method' for making gold or rather... a great way to lose it!
At first I really liked their article, it was about prospecting ore and selling it based on the prices of gems you most frequently received from the ore. Perfect so far. Then it was mentioned that Thorium is a great way to do this... BAM! The post went in an instant from excellent to moronic.
Sure sure, let's tell them to go get thorium, since half the people reading really don't know the best spots to farm (dark whisper gorge, dire maul, etc) they will simply buy it off the auction house. How many of those people will even check to see if the gems are a good enough profit before prospecting? Why didn't you just say something along the lines of go compare ore with what it makes and see if it's valuable? Ugh! This is just getting to the point where I throw my hands up and say ok MMO-Champion, how many people do you have to screw over before people stop using those tips?
Here's what I'm going to do with this thorium fiasco.
1. Buy out all Thorium.
2. Camp an alt in dark whisper gorge and farm once around every 30 mins to 1 hour.
3. Post for dumb prices.
4. Laugh when people buy them eventhough gems are ridiculously flooded. Also I will post gems for crazy prices to help keep the price high, eventhough no one will buy them.
You're just leading lambs to the slaughter. People make smarter decisions when they have to think for themselves, however when you tell them do this task as if they are playing a single player game without real thinking opponents then you are turning them into sheeple.
Come sheeple, the thorium is selling quicker than I can stock it!
A few days ago I posted about dream shards going up in value, and a few comments really got me thinking.
Do some players truly believe that I make posts to somehow benefit myself? That I had tons of dream shards waiting in the wings or something that I was going to dump and try to sell after this post? I had 11 dreamshards in my bags across all characters at the time of the post. I like to keep about a dozen for the enchant chest - powerful stats which I sell about once every 1-2 days for 100 gold profit.
Since players seemed to be worried I was going to try and somehow 'use' this blog (which is ridiculous and flies in the face of everything I've stood for since day 1) to scam my readers, please note that that has never once happened and I'm not going to start any time soon.
Dream shards will go up in value due to abyssal shatter going live, and they will never go lower than the cost to make them through disenchanting. Many enchants take dream shards to create, and with the reduced cost of other mats, it only makes sense that dream shards will go up.
Hope that clarifies my previous article.
Netherweave Bags cost approximately 4 gold 50 silver to craft and they often sell for 10-16 gold each. Even a mediocre tailor can craft these and every single leveling character would love to have some nice big bags for cheap. Even selling at 6-8 gold is worth the time it takes to make these and regardless of the competition you can always sell for a profit.
This is an important lesson to learn about making consistent money on the auction house. If you are going to want to make tons of gold every day, you are going to need to decide whther you want to shift with the market and when to hold your price.
For these bags, the ridiculously low cost allows you to shift and undercut people without a worry about losing too much profit. Since you know these are going to be bought up by the dozens every day (usually 4 at a time), you can dump tons for cheaper than everyone else and they will sell, even if you are undercut by a few other people.
If you want to maximize profit than you may want to risk posting at a steady price all the time, regardless of market fluctuations. You won't sell all your goods all the time, but you will make much more gold in the long run.
Either way you will make great profits on these bags, regardless of how you choose to sell them. Try selling in trade as well, you'll catch people leveling and trying to buy skills who might want to upgrade their bags.
Try to apply these concepts to other markets and see how you make out.
Supply and Demand - A lesson in Inscripiton and MMO-Champion
In the words of Emerald, ever since MMO-Champion released their article on milling herb and selling glyphs... Bam! Herb prices have shot through the roof!
Some players look at this and say "Oh great, now I can't sell glyphs for profit anymore because it costs too much to mill the inks." What's worse, snowfall inks have seen a decent drop (down from 20 to 12 gold on my server) and so for some players it actually is not worth it to mill your own ink and make glyphs. What's a savy auctioneer who reads this blog to do?
As an experiment I have been milling stacks of herbs for 25 gold (normally I buy below 20) and selling the inks for 140 gold a stack. They sell almost instantly. I get a stack of inks for about every 4 stacks of herbs so I'm making 40 gold just sitting there milling herbs, and that doesn't even include the snowfall inks. Give it a try and take advantage of the players who HAVE NO IDEA WHAT THE NORMAL PRICE OF HERBS ARE SUPPOSED TO BE. If the market believes herbs are worth 25-30 gold a stack, well then logically the inks will reflect that price.
Class dismissed!
Suggestion Box Friday is when I, the gold making guru, remove myself from my saronite plated throne and allow you, the loveable heart-in-the-right-place amateurs to take my place, or atleast attempt to, for one whole day!
Lots is going on in the world of warcraft these days, so get cracking and try to help each other out with your suggestions!
Anyone notice the new enchant in dalaran? Definately worth checking out if you are an enchanter! I made some great tips off it, but I'll let you discover it :) (Hint: Good idea for the suggestion comments).
Weight Loss
Going great so far! Have been running 3-4 miles every day and lifting every 3 days. The diet I made is working great too. No binges or anything like that, though yesterday I wasn't paying attention and ate like half a bag of baby carrots lol.
Comments of the Week
Dream Shards going to Spike
Archangel said...
Dream Shards can be "produced". Same as dust and essences. If the dream shards pass the 12-13g threshold I can start to produce them whenever I need them. Saronite ore -> saronite bars -> saronite dirk -> voila: cheap dream shard for 9-11g. Or saronite ore -> prospect -> Jade Dagger Pendant -> voila: cheap dream shard. I'm positive that so many of us know this by now. So I bet we will start to make dream shards for sale, as soon as they even try to climb in price. So it would be stupid to stockpile them as long as they are easily produced by at least 2-3 professions (I think leatherworking has a profitable recipe also).
Inscription Spreadsheet
Lostmybow said...
Thank you very much for this one - the "% Profit" tab is genious - keep it up mate :) As WowConfidential said, adding Runescroll of Fortitude, and the price of 1 and 2 ink glyphs would alyways be nice. :)
Gold Making Podcast
Gloob said...
I say World of Goldcraft
To Gloob: OOOOoooo I like it! "World of Goldcraft - A call to Auction" That sounds pretty good lol. (phoenix came up with the second half)
Chimei of Kilrogg EU Writes:
Hey markco, I thought that even though there are undoubtedly other people out there that are already starting the process of doing this there are undoubtedly a lot more people who aren't.
In patch 3.3 there are new craftables coming out,
Tailoring:
Deathfrost BootsLeggings of Woven Death Lightweave Leggings Sandals of Consecration
Leatherworking:
Legwraps of Unleashed Nature Draconic Bonesplinter Legguards Blessed Cenarion BootsFootpads of Impending Death Lightning-infused Leggings Bladeborn
LeggingsEarthsoul BootsRock-steady Treads
Blacksmithing:
Hellfrozen BonegrindersPuresteel Legplates Pillars of Might Protectors of Life Legplates of Painful Death Boots of Kingly Upheaval
The mats used to craft these will be: Spellweave, Ebonweave - Arctic fur, Heavy Borean Leather, Jormungar scale - Titansteel bar, Saronite bar and Eternal shadow. Buying a decent amount of these now to resell when 3.3 hits should yield massive profits. Thanks for all the work you put in your guide and your blog, and good luck with the weight loss!
People are running heroics like mad to get badges and so dream shards have remained around the same price for quite some time. But suddenly abyss crystal shatter are going to change all that, in terms of how profitable dream shards are. Since greater cosmic essences and infinite dust are going to become extremely cheap, people will pay more for dream shards to create enchants and enchant vellums. With the rise in item level 232 gear dropping from instances proposed by blizzard, there's a very good chance that people will start enchanting all that gear on their alts.
Dream shards are going to become very valuable... and quite rare in my humble, experienced, and all around incredibly accurate opinion.
Armor vellum III's should also be going up in value, as several people have reminded me through emailed tips. Thanks guys!
This was an awesome email from Phaqueuetoo on US-Magtheridon Horde:
I was wondering if you would like to post this on your blog for your users to link to... it's a pretty simple spreadsheet I put together to calculate values of milling northrend herbs.
It also includes the calculations to figure out the profit of darkmoon card of the north and off-hand crafting.
Thought it might be helpful :)
Go here to download the spreadsheet and make use of it, I'm currently hosting it on my 20kleveling.com hosting site.
Please say thank you to Phaqueuetoo in the comments section, he has definately earned it!
I am currently working with other bloggers (to be disclosed at a later date) on a gold making podcast that is going to rock the podcasting world... of warcraft.
I need help however, as we are currently trying to come up with a name for this podcast. The setup is two savy auctioneers discussing many topics about making gold, so the name needs to be broad enough to encompass all methods as well as be catchy and cool :)
What topics would you like to see on the show, and what would be a good title in your opinion?
Please comment! Looking forward to building this podcast and supplying you all with another great resource for making gold in world of warcraft.
Currently I am barely playing this game, yet I make more money than most players make in a week with just 15 - 30 minutes of work across four characters. Although I still look for new ways to make gold all the time, it is good to find several niche markets and sit in them as long as possible.
Currently I am playing pygmy oil, snowfall inks, Armor Vellum III, iceweb spider silk, some glyphs, low level mining materials, low level skinning materials, as well as completely random items earned from auctioneer scans.
Quickly moving through these markets allows me a diverse portfolio which helps buffer against losses from any one market. Should something fall because of extreme undercutting, I can undercut my competetitors at a loss and still make enough money from the other markets to keep the profits coming in. My four alts will often take in upwards of 1200 gold each a night, and for a quick 15-30 minutes of work that's pretty good. I could make more, expand into more markets, but I have never cared about hoarding money, just having enough to never worry about it is all I want.
The point of this post is to place emphasis on diversity and to never stop looking for new ways to make gold. You'd be surprised how there is always a new way to make gold that you haven't discovered yet.
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If you'd like to sponsor a post on Justmytwocopper for a small fee, please email me with the link at the bottom of the site.
A preponderance of new evidence supports the theory that video games are actually good for a person's mental health. Most improve mental accuity and quickness as well as hand-eye coordination. They are being used more frequently in rehab facilities and even for young children to aid in development of small motor skills. So the more I play WoW, the smarter I'll be and the better muscle tone I'll have, and I'll even be less of a klutz? No. Well, maybe...You have to take WoW, and all video gaming, in moderation. Studies show that excessive gaming wears down the body and brain, but a moderate amount every day actually will have a positive effect.
So what's a "moderate" amount?That depends on you. Do you exercise? (getting up to get food doesn't count) Do you eat properly? (hot pockets and energy drinks do NOT have everything the body needs) Are you finding social interaction outside of gaming and getting enough sleep? (8 hours sleep for most people) If you can answer yes to all of these, then you can spend more time gaming. If you're not exercising and getting enough sleep, you are not as focused when you play. This not only makes you play worse, but prevents your body from gaining any benefits from gaming. Eating properly has largely the same effect. It's amazing how you can boost your stamina (yeah I get it, ha, ha) by keeping a good diet. Cut sugars, eat protein and fiber from fruits and veggies. Did you know this kind of diet has been proven to increase reaction time?
Remember that next time you go into the Isle of Conquest. So if the rest of your life is in good shape, "moderate" for you can be pretty high. If not, straighten yourself out first for more gaming and a better life in general.
Who ever thought playing the AH could be good for your health? Or that I could be working on my reaction time in Icecrown? Feel better, make more gold, play more efficiently, pawn more noobs. Sounds good to me.
Happy Gaming,
Loremaster Ej
Doctor Ej is absolutely right. I have been running 3 miles every day for almost two weeks now. I'm thinner, faster, and the shield slams seem higher.This week was probably one of the best weeks of my life. I spent maybe two hours playing wow the whole week, but made about 4k gold lol. A lot of great RL stuff happened, which I'd share with you guys but I want to wait for now.
I wasn't able to participate in the MMO-CHAMPION nonsense all that much, but I can say that I laughed so much at their inscription post. The idea of telling people exactly what to do for any gold making strategy is complete and utter nonsense! The best way to make gold from these recent MMO-CHAMPION gold guides is to make money off the uneducated members of the wow community which follow the instructions like a robot. This is why I try to leave my readers with intelligent off shoot strategies that they can employ if they think hard enough about what I suggest they do, especially in my gold guide. I think that's what seperates my guide and zuggy's guide from the rest of the ones on the market. Anyway, I digress.
I loved the fact that MMO-CHAMPION left out selling armor vellum III's, possibly my biggest money maker for my glyph industry. Weapon vellum III's are ok but they don't have the same profit margin on my server. My favorite part about armor vellum III is the posting cost... nothing.
For the wool cloth discussion, I really really want to try the dwarves in the barrens, excellent suggestion for those that made it! It really is a horde problem though, alliance never have an issue with wool cloth because of their instances.
No weekly comments this week, I don't have time, sorry :(
As far as my weight loss is going I'm down like 7 or 8 pounds, I say like because I weigh myself after breakfast, so it's a little off. My goal is 20 pounds lost in 30 days (.66 per day), which at this rate I will hit. The only bad thing so far is that I might have a minor stress fracture in my left foot, it isn't swelling but it has a steady pain that spreads the longer I run and goes away temporarily when I rest it. I will continue applying ice midday and at night as well as using an ace bandage while I run.
18 miles in 6 days, not bad for an out of shape nub :)
My workout schedule is 3 miles a day run plus one walked, as well as lifting for my arms every 3 days. If I keep this up for 30 days... I can't see myself losing less than 20 pounds. Although I am gaining muscle in my legs and arms, so I might look like I lost a lot more in the end.
Thank you for your kind emails and support, it goes a long way. Wait until you find out why I'm doing this, it will knock your socks off. Remember to check this community's amazing forums... YOUR forums for everything gold related.
Wool is one of the most expensive cloths in world of warcraft, and its price constantly fluctuates. The reasons for its expense is the lack of popular instances which contain wool, as well as the lack of humanoids to drop it in the more played instances. For instance, black fathom depths would be an awesome place to get cloth... if the humanoids didn't make up about 25% of the mobs and were earlier in the instance. Currently I am on the lookout for a wool farming location. I tried the harpies (level 28-30) in thousand needles but didn't have that much luck since the level 30's drop silk cloth. I think that ashenvale might be the key to this. There are some high level 20's worgs in a cave that might drop wool cloth. I remember farmers used to park there all the time back at 60.
If you can send in a video or just the location of a great wool farming spot, I'm sure everyone here would greatly appreciate it. If you own a blog or something and find a great spot, this is a great oppurtunity to get known.
Thanks all! I'll keep looking too!
