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Besides being a proud American and an enterprising entrepreneur, I am also a member of the Roman Catholic Church (tithing ftl). This being s...
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Shattnerhoff said... " I hate that you try and gouge people for items that cost you nothing to make. How much is enough? You can...
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Update: Scott Smith, one of the coaches, had an issue with his account being rebilled accidentally. Here is our conversation for those inte...
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I just checked MMO-Champion and to my surprise there was something that was data-mined. It's a real shocker if it's true, read the c...
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This strategy was written quite a long time ago when snowfall inks sold like hotcakes (they still can for the faire but it's better to c...
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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 w...
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There’s a lot of information to sort through when bidding, buying, or posting items on the auction house. In fact it’s too much for any one ...
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I got an e-mail a couple days ago that really caught my attention, it was a suggestion for the next JMTC Blogging Carnival, read the e-mail ...
Showing posts with label Profit. Show all posts
Showing posts with label Profit. Show all posts
Leveling cooking on alternate toons can be tedious. It is exciting with your favorite toon because you get to check out new recipes and new 'tastes' that an expansion brings. Even leveling cooking on your backup can be just as exciting. Mists of Pandaria offered all of the different 'ways' of cooking that you aren't locked into leveling one direction to hit the maximum profession level.
When it came to leveling that 4th or 5th toon, leveling their cooking because as exciting as watching paint dry. The great search for another point towards getting him (or her) to be able to cook rice pudding or anything.
Thankfully, there is a method to the madness when it comes to having maximum leveling in cooking. The new Warlords of Draenor expansion are going to be tied much closer to having all of the professions being useful. Many of the foodstuffs that are showing up on the PTR's have active ingredients that are tied to other professions. Fishing will also become a very important part of a well rounded character progression.
Guilds will be emptying their storehouses in the coming months. A shrewd gold goblin will be keeping an eye for large bargains of food items, not just to finish leveling their own toons, but sales to up and coming players who do not want to take the time to farm their own materials. Where the daily food quests cut into the need to buy all of the materials continually, there will still always be a demand from the impatient player who wants to get that cooking leveling done now.
So watch both the Auction House and trade chat for players emptying their banks and personal collections of raw cooking materials. A small investment now can both both personally edifying (your quarter word for the day) and add to your bankroll in the upcoming months.
Good Luck and Good Profit Hunting
Want to get in contact with me? . Email me at Dragonbear @ gmail. Dot com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up, and I will buy you a glass of juice.
WOD: Saddle Up Your Horses
Light At The End of The AH Tunnel
Grinding Gold Through The AH
WOD: The Next Step To Beta
Warlords of Draenor Beta: You Have Been Chosen
Patience At Ganking: All Respect to An Alliance Hunter
Midsummer Festival - Combine those tasks
Gold Making Is An Artform
What I did on My WowCation
Old Vs New: The Great Debate
Soap Box Derby
Discipline: The Most Hated Word in Gold Making
Crashing The Market
Pet Battling For Profits
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Mommar here.
Discipline is one of those words that brings memories to the forefront. Whether it's talking about how your parents raised you, or the need to control your actions and choices to reach a higher goal.
Since I don't know how your parents raised you, nor do I really want to know I'm wanting to talk about the latter. Fun toys all the time come up for sale or auction. Players wanting to get rid of BOE pets, gear, transmogrification items tempt the best of Gold Goblins in spending their hard earned gold.
I was sitting on the Black Market Auction House deciding if I wanted to raise a big higher for an item I wanted. This last week I was on a pet collecting march and one of the rare Trading Card Game pets came up. The Banana Charm was up for bid, with the price when I arrived at 21k. That's a hefty amount of gold for a pet, but I was in a spending mood plus it's an 80 dollar real money pet if you buy the card from ebay (or other sources).
So I sat there thumbing through the web while I waited for the auction to end. I was outbid once, twice (nope, not three times a lady) by someone who obviously wanted this pet too. I used all of my auction house techniques other than calling them bad names (they were Alliance) and then proceeded to make a decision.
I had enough gold I could drop a 100k bomb on them and knock them out pretty quickly. But that is a seriously overpriced payment for a battle pet. Or I could discipline myself into saying this is the amount I'm willing to pay and no more. So mentally I set that price, and then walked away.
As I logged on this morning I found myself the owner of a new Banana Charm and the pet that comes with it. Frankly, it doesn't always happen like this. Someone might want the item a little bit more than I do. Items such as rare mounts tend to get a lot of interest and spirited bidding. The key is to discipline yourself into knowing just what you want and what it is worth to you. If you have higher plans for your gold (Spectral Tiger anyone) then you have to look at each purchase you make and how much that will delay your ability to reach your goal.
My Achilles heel is helping others. I probably have given up a million gold simply by not charging my guildmates for items. Giving materials that could be resold for bundles of gold is one of the simple pleasures I get out of life. If I know you then I will probably help you. But there is a limit to any generosity because I have plans of my own. I have goals I would like to reach gold wise and purchases in the future that will be my next expectation.
So finding balance and discipline in every transaction goes to the heart of being a Gold Goblin. Keep this in mind the next time you bid on your own Banana Charm. Not just looking at it in how much gold your spending, but how much time it will delay you from reaching your true epic expectations.
Good Luck and Good Profit Hunting
Crashing The Market
Pet Battling For Profits
Prime Time Professions
Retrain Your Gold Instincts: Trigger Words
It's Patchy McPatch Day
Timeless Coins They Are A Changing
I'll Buy That For A Gold Piece
The Value of Garrosh BOA's
It's Monday Already?
Adopt A Warcraft Child Today!
Welcome To The Tuesdaydome
Not My Server.. No No No
Maintenance Of Your Toon Army: Garrisons
The Art of Negotiation: Warcraft Style
Cooking For Fun and Profit
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I was gluffing around Orgrimmar, getting ready to run through some old raids when an interesting chat discussion came along.
Paraphrasing, two players were taunting someone else for a advertisement they had been barking for cheap glyphs. In their advertisement they bluntly stated that they wanted to crash the inscription market to bring 'cheap glyphs to all'.
I had spoken about this before the first time that I watched an inscription market crash and burn. Of all of the different markets, inscription is really the easiest to crash. Herbs on many servers are at dirt cheap prices. Being able to craft hundreds of glyphs, listing them at inexpensive prices and still being able to net a small profit.
To crash any market you need to have a base amount of gold sitting unused. Mostly because it would be impossible once someone has bought out your first round of glyphs to have that many herbs stockpiled. I probably shouldn't say impossible but ultimately you will run out of raw material and either have to purchase extra or go and farm them.
A conglomerate of players would find crashing the market easier simply by one or two funneling the herbs into the scribe. That way the scribe can be keeping the product artificially low.
Where morally crashing a market could be seen as reprehensible, financially it can be a very strong strategy. There are 150+ glyphs. Only about 30 of those actually making a large amount of profit. The others end up dribbling profits since they are not in high demand. So let's say you take the 10 highest profitable glyphs. You can live healthily off of those 10 glyphs and then crush the rest of the scribe market. Many players run away from markets that aren't quick 'list and profit' type of markets. This leaves only the die hard players who know how to fight back.
Ultimately a market will snap back simply because the planning on keeping the market artificially becomes boring. Even the best of intentions will get someone only so far. But the damage has been done when a player leaves the market for easier and more fertile ground.
With Warlords of Dradnor, inscription is going to have some changes in different glyphs. Many of the more powerful glyphs will be given to players in their book as they level. New Glyphs will become important to players, with the 'best set' of glyphs yet to be determined.
Don't let the chain rattling of someone determined to sew anarchy into the mix to remove you from the scribe market. Look at how the scribe market has always reacted to incursions and be prepared.
Good Luck and Good Profit Hunting
Pet Battling For Profits
Prime Time Professions
Retrain Your Gold Instincts: Trigger Words
It's Patchy McPatch Day
Timeless Coins They Are A Changing
I'll Buy That For A Gold Piece
The Value of Garrosh BOA's
It's Monday Already?
Adopt A Warcraft Child Today!
Welcome To The Tuesdaydome
Not My Server.. No No No
Maintenance Of Your Toon Army: Garrisons
The Art of Negotiation: Warcraft Style
Cooking For Fun and Profit
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Every profession can make a profit.
This should have been written into your mantra from day one of your adventures in Azeroth. We have talked about it many times how each profession can make some profit (yes even fishing and Engineering).
Even the quasi profession of Pet Battling can make a profit. It just takes some planning and some time to rake up major gold.
I started off the Pet Battling profit making journey by leveling one of my pets to level 25. The reason this is important is because you cannot add to your journal any level 25 pets that are purchased until you have hit level 25. In this case I leveled up my Anubiseth Idol. He dropped for me on one of my runs through Temple of Ahn'Qiraj. Took me about 3 hours to level (I took my time over the weeks, so that would be three hours of actual pet battling time). During this time I also added to my collection through the different leveling zones.
After he hit level 25 I picked up a couple of pets that I knew could be repackaged and sold. When looking for the future captives of other battlers I wanted the more rare pets that people weren't stacking on the AH. This cut out a lot of the holiday pets and easily purchased pets. I decided to power level my Ghostly Skull (found in the Dalaran sewers). While power leveling him from level 1 I dropped in one of my higher level pets to protect just in case there were issues with taking on the wrong type of pet.
Leveling Bobtheskull (yep, that's what I named him) took about an hour and a half. The basic idea is to throw him quickly into the ball from the start, let him have one round (and make sure he survives) then drop the hammer for one of the higher leveled pets. After you win all of the pets that are used in combat receive the XP (and any bonus XP for the pet being a higher level).
Profiting with Bobtheskull is where you have to learn the way your server works. If you have a strong pet battling group then you can drop your newly minted level 25 on the market for the going rate plus a premium for the time it took to level your toon. The more rare the pet is, the higher the sales price the pet should be put in. So a pet such as Lil' Bad Wolf from Karazhan should be placed at a higher cost than one that can be purchased and sold quickly.
There are two paths you can take when selling your pets. You can go for the quick turnover on sales. If it takes your pets an Avg of an hour of game time to level and you sell them quickly then you are filling the need quickly. The problem with this theory is that there is a limited amount of players willing to pay for higher level pets. Once that quota is full (the ones that actually have the money to spend on a luxury item) then the sales will dry up.
The other thought process is to make sure that the pet is going for a higher price. Even at 10x the sales cost of a lower level pet. This will put a higher profit in your pocket and still keep the demand intact. Basic sales technique says that if your item is continually out of stock then you raise the price to meet the demand.
You can expand these ideas to your farming for those that one an extra type of income. Paying a premium for your farming group for resellable pets can allow you to keep a different revenue stream together without tying up all of your time. The important thing is to keep an eye on how your pet sales market is functioning. A poor pet battling server can have you placing highly profitable pets on the market and having to list them time and time again. A strong market can allow you to resell pets and even look at flipping pets that are listed by unaware sellers of their value.
Expanding your profit pyramid into Pet Battle sales can give you another road to profit as your other professions begun to wind down with the end of the Mists of Pandaria expansion
Good Luck and Good Pet Hunting
Prime Time Professions
Retrain Your Gold Instincts: Trigger Words
It's Patchy McPatch Day
Timeless Coins They Are A Changing
I'll Buy That For A Gold Piece
The Value of Garrosh BOA's
It's Monday Already?
Adopt A Warcraft Child Today!
Welcome To The Tuesdaydome
Not My Server.. No No No
Maintenance Of Your Toon Army: Garrisons
The Art of Negotiation: Warcraft Style
Cooking For Fun and Profit
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Many players day involve the dailies that are found on the Timeless Isle. Other areas that players spend time at but for the most part the action ends up being all around the different areas on the Isle.
One of the main parts of the Timeless Isle mob scene are the elite group mobs that pop up from time to time. If you have tuned into trade chat at any point you will see people throw up signs that the 'skanky brew event' is up. Or asking where Evermaw is at currently. These are obviously announcements that these mobs are up for a few moments to be killed.
Most of the Elite mobs on the Timeless Isle do not have a vast amount of Health Points. Most of them go down inside a minute or two minutes. It's important to know this because everyone gets frustrated when they get over to an Elite mob only to see it dead just as you arrive.
I keep a map of the elites on my screen thanks to Handynotes and Handynotes-Timeless Isle Elites on my map so that I can get a quick reference to where a TI elite mob is. After a few runs I ended up having a basic knowledge of just how much time I had to arrive before the mob is killed. This cut down on my frustration level.
Certain mobs are linked together for their appearance. When Evermaw dies he has a chance of dropping a Mist-Filled Spirit Lantern has a chance of dropping. This is the device that's used to summon the Dread Ship Vazuvius. The Ship is on a one hour summoning round so if you are good at keeping a mental clock you can expect both the Dread Ship and Evermaw to respond on approximately a one hour clock.
If you don't have a fast moving ship or water walking in your arsenal there is a ship at the southern tip of the map. If you kill enough of the Cursed Swabbies (they hit hard) a key will drop that unlocks a chest that is in the belly of the ship. This chest unlocks a Cursed Swabby Helmet which increases your swim speed. This item helps a lot with keeping up and catching Evermaw on her pathing around the isle.
One of the other tips that can be offered is on the top part of the mountain. If your hoping for a drop from one of the mobs on the upper plains area (Houlon, Bufo or the cast of characters up on the hill, they die pretty quickly. It's better to just hang around that area if you want to make sure that you are in on the kill. I have yet to see any of them last longer than a minute from announcement of them arriving.
Keep your timing in mind for which elite you are wanting a drop from. Your time is limited from when the elite pops up and the kill. When you get into the area start spamming whichever quick attack you have. Melee should be dropping whatever can first get a hit up on the mob to tag him for the loot. It is up to you if you want to run away like a squeaky girl after you have the tag.
There is an Excellent detailed guide on the different elites and what they drop found here
There are plenty of opportunities on the Timeless Isle for loot, and skins and ore and all sorts of enjoyment fun. Just plan ahead and keep from having to strangle your keyboard because you arrived just a little late.
Good Luck and Good Hunting
Want to get in contact with me? . Email me at Dragonbear @ gmail. Dot com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up, and I will buy you a glass of juice.
Be Prepared
Poor Poor Spirits of Harmony
Not Enough Loot On My Hands
10 Rules To Price My Golem.
Timeless Isle Tagging Is For Rich Chumps
Bring Me the Alchemist
Welcome To Loot Pinata Island
Last Minute Buys and Sells
Patch 5.4: Mental Preparation
You Found What????
Hearthstone: The Beginning
Patch 5.4: Budgeting for the Patch
Get thee To a TradeSkillMaster 2.0
Patch 5.4 Prep: No Sleep til Brooklyn
Customer First
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Mommar here.
Okay, I will be honest that there really isn't going to be 10 rules. But I happened to like the ABC show and felt it worked with the title.
The Sky Golem is the second high cost mount that was introduced with the Mists of Pandaria expansion. Similar to the Jewelcrafting Jeweled Onyx Panther, this mount will end up being a high expense/high profit mount for the profession.
So on with the rules
1. It takes 30 days to make enough materials to make this mount.
Assuming you have both an Engineer and an Alchemist you can make these materials yourself. Both are set on a 24 hour timer with the Jard's Peculiar Energy Source being BOP. Now there is a work around using a Spirit of War for an accelerated crafting time but they are so expensive that it would be a waste to use these to get the item one day faster. The Living Steel can be purchased from the AH but, if you are already needing 30 days to craft the Energy Source it makes just as much sense to use that time to make your own Living Steel Bars.
2. It's going to be in high demand.
Everyone wants a fricking transformer. Even someone starting out in the game and seeing this fly around will want to know how they can get it. Supply and demand decide the prices on items.
3. There are many more engineers out there than most people know.
Many players have alternate toons that have engineering on them. Between Cataclysm and MOP very useful and profitable items were introduced. Plus those wonderful toys that early engineers get can make the game enjoyable.
4. I can make it and you can't.
This may sound rude, but Warcraft is not a popularity contest. Where I believe you can be honest and generous most of the time, it is not my job to provide someone with cheap items. The Jeweled Onyx Panther required a player to obtain exalted status with the Order of the Cloud Serpents plus purchase the materials. The main material that was BOE (you can always buy and bring your own) was the Orb of Mystery. Unless you were one of the lucky ones that had it drop for you the upfront money was between 72,000g and 80,000g. That by itself prohibits the Jeweled Onyx Panther to be a cheap mount to purchase. Instead of needing the reputation to craft this you need to have the pattern drop and then remember your daily timer for 30 days. Players who purchase this item are paying for time instead of up front materials.
5. Players will craft the Sky Golem for themselves first.
This goes hand and hand with supply and demand. Starting with the Mechano-hog (or alliance version) from Wrath of the Lich king, engineers finally got a cool item for themselves. Alchemist received a cool mount during the Cataclysm campaign. This is another status item for Engineers to be able to show off with. So this will limit just how many will be available for the 'normal' non engineers.
So why is it important to know how to price your Sky Golem? Because we are about halfway through to where the first ones will be born. Players are already looking to have ones crafted on the cheap. When the Mechano-hogs were first crafted and it cost 14k in materials players would want one crafted for 9k, 10k, 12k not realizing just how much of a loss that would be. Even today I will get messages asking me to craft a Mechano-hog bike for 10k. I explain to them the reasons why that isn't possible and they usually will nod in acceptance. I have had some that argued with me that I was just trying to rob them and that I wasn't being fair. Usually I laugh and place the hog on the AH waiting for another sale (I have sold 3 since the end of Cataclysm for 10k profit).
See, I told you I wouldn't make it to 10 rules. But I think it's just as important to know now as when the golem first roll off the production line of just where to price them. Some players will look for a quick profit not knowing the goldmine they sit on. If a player can afford to buy a mount for 50k, with just a little bit more work they can afford to buy it for 75k.
Keep this in mind when your ready to craft that first of many transformers to add into your family. How much is your time and effort worth? How much do you think is too much profit?
Good Luck and Good Hunting
Want to get in contact with me? . Email me at Dragonbear @ gmail. Dot com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up, and I will buy you a glass of juice.
Timeless Isle Tagging Is For Rich Chumps
Bring Me the Alchemist
Welcome To Loot Pinata Island
Last Minute Buys and Sells
Patch 5.4: Mental Preparation
You Found What????
Hearthstone: The Beginning
Patch 5.4: Budgeting for the Patch
Get thee To a TradeSkillMaster 2.0
Patch 5.4 Prep: No Sleep til Brooklyn
Customer First
You're Squishing My Items
The Ways of The Force Are Strange
It's a Date.. Maybe?
Kill The Death Knight.. Kill It Now
Time to Remodel The Financial House
Sense Of Entitlement
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Mommar here.
So patch 5.3 is just over the horizon. It wasn't that long since we said the same thing about patch 5.2 and even rewinding to the introduction of Mists of Pandaria.
With MOP the powers that be are shrinking the difficulty of leveling new professions. With the changes in Blacksmithing, old world materials were no longer needed to obtain maximum level. I would expect the same to occur over all of the professions at some point in the future.
Patch 5.3 also introduces this same change to the mining profession. No longer will it be necessary to go to old world areas to level mining. This is a great idea for players who want to change from a crafting profession to a gathering profession. The caveat with this is that most players already carry a farming character on their roster. And having two maximum level farming characters tends to be inefficient.
If you looked at this change in the mining profession casually it would almost be assumed that this would drive the cost of ore down. The idea being everyone grabbing their favorite toon, changing their profession to mining and picking the world apart. Again the odds of this are slim because only a few do not carry a mining character already. With little or no additional ore being placed in the Auction House, prices won't raise or lower that much.
But for players that don't already have a miner on their roster, this is a great opportunity to get one into the action. Where I'm not a huge fan of farming for materials, there is a benefit of taking the time and farming both minerals and skins. Combine this with a Potion of Luck it's not unheard of to rack up 250-500g per hour for just the cost of your time.
All of this is based on your play style and what you enjoy doing. Some players enjoy just 'vegging' out and mining/skinning for profit. There is nothing wrong with this, and this profession change can give players who have abandoned the mining profession to return to the fold and gather some rock.
Just leave a little out there for me. I'm bringing my army of new miners.
Good Luck and Good Hunting
Enchanting Addons for quick flips
How Does Free Gear Effect The Market?
Pre Patch 5.3 Setup
It's Childrens Weak... I Mean Week
Patch 5.3 on the Horizon
Old World vs New World Profits
Bad Bad Robot.. The Warcraft Edition
Strengthen Your Google-Fu
Go To Sales
Weekend Warriors
Possible Glyphmas With Patch 5.3?
The Green Parade
Lions, Tigers and Cooldowns O My
Snakes in the Playground
Craft Me Some Pants.. Or Something Else
Flipping the BMAH off
Dear Blizzard: Noblegarden Edition
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Mommar here.
As a Gold Goblin I fully admit that I prey on the lazy from time to time. It would be just as easy for someone to collect the materials together to have an item crafted. Just as easy for a player to let their miner convert ore into bars. There is a profit margin in fleecing the lazy.
Information is a little bit more difficult to obtain profit when it comes to MMORPG's. All a player truly needs to do is pop up another browser, do a quick search and they have that information without any need to pay for it. Unfortunately there is little profit in the laziness of someone asking for the umpteenth time how to find this rarity on the Isle of Thunder.
But where ethereal profit is not found in the sale of information in World of Warcraft, a sense of piece and removal to want to choke someone who keeps on asking the same question over and over can be just as pleasing. Even a little good will can be spread by giving a quick link to a site that gives an overhead map of where each rare is found.
Having attempted to spread that idea that profit in World of Warcraft isn't just about the gold that you collect from your sales but your overall experience; the next time that someone asks some question, give them an answer free of snark and snottiness that happens far too often in Trade Chat.
We were all newbies at one time.
Good Luck and Good Hunting
Go To Sales
Weekend Warriors
Possible Glyphmas With Patch 5.3?
The Green Parade
Lions, Tigers and Cooldowns O My
Snakes in the Playground
Craft Me Some Pants.. Or Something Else
Flipping the BMAH off
Dear Blizzard: Noblegarden Edition
Throwing A Line
Prepping For the Death Of PVP
Patience is a Virtue.
I Choose You....: Reputation Choices
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Mommar here.
On many servers, Inscription is the red headed step child of World of Warcraft professions. On many servers it is easily controlled by a few who will undercut glyphs and items, making the sales have low profitability and hardly worth the time for listing. On other servers players make a large amount of gold by placing glyphs up on a daily basis.
Patch 5.3 might be opening a new chance at a burst of sales. The PTR's and blue notes are showing the possibility of opening up a 3rd slot for changing your specialization. Many players, especially tank classes have filled their quotas with one tank slot and one DPS slot. With a 3rd slot possibility many of these players may look at PVP as an other slot option for enjoyment.
Where many players have filled all of their glyph slots from previous changes, others pick and choose just what they need to use for that time. With Some glyphs being up to 300g a piece, it was difficult to afford to have all of the glyphs for a class. With a 3rd slot some of these empty spaces will get filled with new items useful for the new chosen specialization. And with Inscription being where it's at sales wise, new chances at sales even if it's for a 1 to 2 week basis will be very useful.
So how do you prepare for this? You have a couple of options. Picking up inexpensive herbs will allow you to craft items as soon as demand hits after the dropping of Patch 5.3 (which no one knows when it will hit). Also keeping an eye for already crafted glyphs and picking them up for a song to flip when the time is right. The 2nd possibility for flipping glyphs can be used by both scribes and non scribes.
Every patch that gets released allows chances to maintain a steady flow of gold, plus jump on trends to obtain burst sales for your gold goblin pockets. Prepare now and ride the wave.
Good Luck and Good Hunting
The Green Parade
Lions, Tigers and Cooldowns O My
Snakes in the Playground
Craft Me Some Pants.. Or Something Else
Flipping the BMAH off
Dear Blizzard: Noblegarden Edition
Throwing A Line
Prepping For the Death Of PVP
Patience is a Virtue.
I Choose You....: Reputation Choices
Thunderforge Ready for Business
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Mommar here.
So here is a scenario that I see played out many times as I'm cruising along the Auction House.
Player thought: Ooo, there is no Adept Vermilion Onyx on the Auction House. Look, I have a Vermilion Onyx Blank. So I can Craft one for sale.
(We are good up to now. See a need, sell a need)
Players thought: Okay, So how do I price this. I see the value on my handy dandy marketing tool says 125g.
(Again, we are good with this. It is nice to be the first in line so you can add a little bit more to the listing)
Players thought: I shall price it at 540g
(WHAT????? Umm, I think you missed the boat on this one.)
Pricing a relatively easily crafted item for an exhorbant amount of gold is just begging someone to come along and undercut you. There is the small chance that you would get the sale. A very small chance, along the lines of the chance that Ed McMahon will deliver my bucket full of gold nuggets personally.
Placing that 540g price is nice to watch the first time. Maybe even the second time it's nice to think of the possibilities that someone will come along and really really REALLY need that gem. The third time that it arrives in your mailbox unsold it loses its luster and its interest. Especially with the blanks being much cheaper than the cut. 25g and a little patience can save someone a lot of gold. And many players aren't willing to part with that much gold for a gem that they will replace in two to three weeks.
Always manage your pricing based on what someone will pay for it. Not what looks good in your hopes and dreams of selling. By the time that 540g gem sells, another player will have sold 10 at a lesser price. And you are still stuck holding your 540g imaginary sale.
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
Just the Tip Please
Patch 5.2: Prepping for the rush
How Do You Effect The Market?
He's So Great He's A Fivefather
Patch 5.2: Farming For Rep.. With A Farm?
Archealogy: Digging up stuff for gold
Phoning It In....
Daily Quota Buying
Who Are You Feeding Sales Too?
Taking Advantage of 5.2 PVP Gear Changes
Patch 5.2 Prep: Will players be returning?
Sales Triage
Lost In The Guild Traffic
Finally the end of Cataclysm
Preparing For the Future: Alts 101
Anonymous Gold Goblin
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Mommar here.
Patch 5.2 is going to be bringing some changes to our favorite red headed stepchild profession Archeology. Leveling Archaeology became a little bit more interesting (a little bit) with the additional digsites per area and some of the trinkets.
One of the changes that have been dug (get it dug hee hee) out of the testing realms is the addition of another type of fragment. The Mantis history will finally begin to be discovered. Where there isn't a lot of information involved, I would look to see a lot of new history to the bug wars as well as some new toys and even a few new weapons to find and clean up.
Undoubtedly with the new mantis fragments there will be some high requirements to obtain. I would expect that the majority of the fragments won't be available to anyone that hasn't reached at least 525 on their Archeology (same as minimum level for digging things up in Pandaria). Also the odds are that since the Klaxxi Kingdom is found mostly in the Dread Wastes you should have at least the majority of quests done in the area to have access to the phased areas.
If you did any digging during Cataclysm you remember that some of the dig sites were obscured due to the unlocking of some events in Uldum. So if you're like me and love the lore you should get a head start on having this area cleaned out of quests before the 5.2 Patch.
Get ready to grab your pick and hit some rocks.
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
Phoning It In....
Daily Quota Buying
Who Are You Feeding Sales Too?
Taking Advantage of 5.2 PVP Gear Changes
Patch 5.2 Prep: Will players be returning?
Sales Triage
Lost In The Guild Traffic
Finally the end of Cataclysm
Preparing For the Future: Alts 101
Anonymous Gold Goblin
Eyes On The Auction House Prize
Self Motivation: The Key To Success
BMAH Blues Return
How Not To Make Gold
Time Management With Faction Grinding
Receipt Isolation Sales
Breaking Through The Wall
Transmog Me First
Labels:
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Posted by
J.E. Douglas
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Mommar here.
As I'm getting ready for Turkey day this week, it brings to mind a lot of things. Family, friends, people I've known over the years and people that hopefully I will get to know in the future.
This includes people who may have never thought about the opportunities of making gold in World of Warcraft. Many times a week I receive a letter asking me to help them make gold. As always my first question is what are you currently doing now to make gold.
Very rarely do I hear someone start off with saying flipping items from the auction house. Somehow I think this is because the art of flipping for profit has gained this mystique of difficulty. That there is a minimum amount that has to be gained before it's a legitimate money making operation.
Nothing is farther from the truth that the idea that you have to buy a 10,000g item and flip it for 20,000g. Where that is a nice tidy sum and fully possible, many players just getting into making gold don't have that amount to spend. The range of people asking for my advice and help range from having 2,000g all the way up to 10,000g or more. Obviously a 10,000g item would be way beyond their means. But there are plenty of items in the 50-100g range that just cry to be bought and flipped.
Profit is profit no matter how much or how little. Buying 10 items at 100g and flipping them up to 200g nets a nice 1000g profit. Even if you have to list them 4-5 times you still will end up making a profit. Later on as your wealth grows, then you will be able to add larger and larger items.
I've always considered 20% to be a good line for profit margins. But doubling your money even on the small items can add up quickly.
Flipping items is not a mystery, it is a very easy concept to use to add to your money stash. Whether big or small, it all adds up in the end.
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
Kyparite New Pyrite
Pilgrim's Bounty For The Educated
Is Your Cartel Happy?
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
Posted by
J.E. Douglas
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12:41 PM
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Mommar here.
During my adventures in leveling my goblin shaman, I arrived in the Hinterlands. I had run these quests before on one of my mains to obtain the Loremaster title. Having run this area before I was not as surprised about the lower amount of quests than was available pre-cataclysm expansion.
As I was killing worgs for one of the opening quests a OOX-22/HL Distress Beacon dropped for me. This is one of the three that are necessary to obtain the Mechanical Chicken Questline.
So after finishing the escort quest for the OOX-22/HL Distress Beacon (at that level it wasn't that difficult) I continued to level. Leaving a mental note I needed to finish the other two parts of the questline to obtain my new mechanical fowl.
Remembering that the other two parts of the quest are found in Tanaris (OOX-17/TN Distress Beacon)
and in Feralas (OOX-22/FE Distress Beacon) I knew I would need to make sure to visit those areas. Since all three are random drops from mobs in those zones I had allotted a certain amount of time for grinding.
So why did I make the mental note to get this item? I already have this on three of my characters, but it's a very rare pet to obtain (most players don't have the patience to finish all three items plus the final trip to Booty Bay for the turnin). With the Pet battles becoming available with Mists of Pandaria, rare pets can equal big profits both for collectors and trainers.
So I did a little searching for some information. I knew that a couple of my toons didn't have the pet on them and wanted to see if I had completed any of the sections of the three quests. A macro had been published in multiple journals to identify which ones of these quests had been completed.
The macro to check your progress is
1. Type/copy/paste
/run f,z=CreateFrame('frame'),{[485]='The Hinterlands',[351]='Tanaris',[2766]='Feralas'};f:RegisterEvent('QUEST_QUERY_COMPLETE')
2. Type/copy/paste
/run local s,t;f:SetScript('OnEvent',function() t=GetQuestsCompleted();for c,v in pairs(z) do if t[c] then s='' else s=' not' end print('You have'..s,'found OOX in',v) end end);QueryQuestsCompleted()
(You should create two macros for this so that you can continually check your progress on all your characters. One macro will cause the functions to not work properly)
(Courtesy of the Stormspire forums Mechanical Chicken Guide)
This pet is a Bind on use pet, but if you learn it you won't be able to trade it as cageable (you can battle with the pet, but it won't able to be traded). So your best bet is to sell it on the AH as a standard pet. This is one of these pets that ultra collectors want and are willing to pay a good hefty sum for them (5000 to 10000 isn't unheard of on some servers).
The Stormspire guide does talk about how to set up a group to farm the pet. To give them some link love I will ask you to go read that on there forums (it's an interesting read).
Continuing my progress with my shaman (I still detest running Maraudon), I was enjoying both the leveling experience again and also finding new places I had forgotten to be able to make gold at.
Returning to old world areas can many times spark ideas that are tried and true. And returning to those ideas can shore up Gold Goblin pocket-book as the Cataclysm expansion comes to an end and we welcome the invasion of the pandas with Mists of Pandaria.
Good Luck and Good Profiting
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
I am No Dunce
Hype Hype Hype
No Shirt No Service
Too Much Stuff
MOP Prep: PokeWOW Part 1
MOP Prep: PokeWOW Part 2
MOP Prep: Enchanters Pt 1
MOP Prep: Enchanters Part Deux
MOP Prep: What to save for the Pandas Pt 1
MOP: Powerleveling Leatherworking in the Vale
MOP Prep: Prepping the Farmer
MOP Prep: Get to the Points
MOP Prep: Reduction in Inventory
MOP Prep: Stuff to Gold, Gold to Stuff
MOP Prep: Setting the Lineup
MOP Prep: Setting up the Cartel
MOP Prep: Zero Balance Investment
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