Stages of Becoming a Wow Millionaire

Posted by Markco at 8:00 AM

Here are my stages to becoming a wow millionaire, hopefully you will be able to identify which stage you're at and then figure out how to move on to the next one until you reach a million wow gold.

Stage 1: Vendor Discipline
Vendoring items suddenly is restricted to grays and all whites or greater get sold on the auction house. You find that you have enough money to pay for repairs while leveling and get your mount, skills, etc.

Stage 2: Bidding on the Auction House
You discover that selling the items you farm is not the only way to make gold on the auction house. By bidding on trade goods, especially old world mats which often lie under the radar of more experienced auctioneers, you find great deals and an awesome supplemental income to your leveling or farming endeavors.

Stage 3: You find farming spots that make the most gold
You wouldn't think of this normally as a stage to getting good at the auction house, but it actually is! You have to search the auction house for the items that sell the best and then where to farm them, or you work backwards and find farming spots then look up how much they are worth. You also have to figure out the demand for the items farmed and several other factors.

Stage 4: Buying low and Selling Normal
You have auctioneer and you understand the basics of scanning, buying low, and selling normal. At this stage you start to take risks and move away from the comfort zone you created by farming and selling goods at the lowest possible price for quick cash.

Stage 5: Competition
You learn how to deal with your competition on the auction house, more specifically, you learn how little the competition should influence your markets. This stage is where most people get stuck, and they allow competition to determine their prices, thus limiting their sales and wasting a lot of time.

Stage 6: Market Focus
You start to focus on markets that really give the most bang for your buck, and you eventually develop a system of scanning, snatching, distributing to crafters, crafting, then selling.

Stage 7: Farmers
You find that just running snatch scans, even multiple times a day, does not provide you with enough materials to satisfy the hungry auction house's demand for goods. By recruiting farmers, whether professional or just random acquaintances, you are able to finally get access to thousands of gold worth of materials each day.

Stage 8: Millionaire
You combine the lessons learned with even new and craftier ones which allow you to become a powerhouse seller who processes thousands of gold a day in the shortest amount of time possible. You are an expert auctioneer not because you spend hours of time, but because you found the fastest ways to make the most gold with the least cost to yourself.

What stage are you at?