Just My Two Copper - WoW Gold Guide

Showing posts with label barking. Show all posts

PVP Sales Are Not Kind To Me

Posted by J.E. Douglas at 12:17 PM

Historically, World of Warcraft sales have been strong with PVP equipment sales. Most of the items are inexpensive to craft and can easily double or triple their value. At one point there was a 10x profit margin when PVP was in high demand.

Lately it's become more difficult to make sales on the open market. I still do sets of players who want to outfit a new level 90 for pvp. And I still make decent sales of PVP pants and chest gear. But the market became saturated with players undercutting the market instead of keeping it at a healthy price point. Even to the point that some players were priced below costs to recoup some of the money they had spent earlier.

As an expansion matures and more people become burnt out on content, they look for other options for in game entertainment. PVP offers that option because of the quick queues and even quicker games. With the changes of the PVP queueing system that allowed players to queue for what slot they would fill (healer or dps) it make those queues seem to go much quicker. Maximizing your conquest/honor points for the week for higher gear became a lot easier.

This will cause a problem later on because the quicker players can get into higher end PVP gear they are less apt to spend the money for the 'starter' sets. They might pick up a pair of pvp equipped pants or a chest piece, but the bracers and boots and the lesser demand items can go unsold.

So making sure that you are getting the most bang for your materials buck becomes very important. If you can sell 2 pairs of boots at a 50g profit, or a chest piece that requires the same basic materials for 500g profit it makes more sense to craft the chest piece.

Controlling your own markets and knowing what the going price on items can make your goblin life a lot happier and financially healthy.

Good Luck and Good Hunting

Finding A New Ryhthm
Breaking The Million Gold Barrier
Bye Bye... I Will Take Your Gold Now
Post Patch 5.3: The Lineup
Patch 5.3: It's here... well tomorrow
Patch 5.3: Preparing for the Arrival
Patch 5.3: Grasspicking World Order
Patch 5.3: Bring Out Your Miners
Enchanting add-on for quick flips
Prepping for 5.3: Profit lines

Realities Of Making Gold

Patch 5.2: New Leatherworking Pattern Dailies

Posted by J.E. Douglas at 12:40 PM

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Mommar here.

For anyone that leveled a jewelcrafter during Mists of Pandaria they are very familiar with obtaining patterns for blue level cuts. For those that don't, you were offered two choices. You had one daily cooldown that allowed you to craft one of the prisms to crack open for a recipe. You also had the option of spending a Spirit of Harmony to bypass the daily lockout. Fun for all the boys and girls as they were leveling.

With patch 5.2 Leatherworking gets to enjoy this same system for adding new recipes. There are two new patterns added that are drops from mobs around Mists of Pandaria.

Magnificence of Scales

Magnificence Of Leather

Both are strong necessary recipes to obtain the new patterns. Basically you burn your daily and have a chance of learning one of the new recipes. Pretty easy right? And can be very good for the skinning profession. If you take a look at the math you'll see that making one Magnificent Hide with the cooldown will have half the cost. Then any other hides that day that are crafted will be at the full price. This really feels like a Blizzard version of buy one get one at half price plus a recipe.

There are a lot of benefits to this type of system, especially without any type of override from a Spirit of Harmony. This will slowly add the patterns to each realm (look for lots of advertising in trade chat looking for specific items). It will also give a good boost to a depressed market that both the Leatherworking and Skinning market have become.

So this means that farm skinning will become very important before and after patch 5.2. Not just to sell but also to obtain the patterns themselves. A player who is sitting on a large pile of unprocessed skins will put themselves far up the gold goblin pile.

For the leatherworkers themselves, it's important to have a stockpile of both the raw skins as well as some of the hides themselves. Each of the new patterns requires a large amount of the Hides and will be in high demand. Especially for players wanting to jump-start alt's. The first two to four weeks will determine just how much profit players will be able to obtain just from providing the raw materials.

Don't ignore a side business of just flipping conversions of hide products for players. Many players to avoid paying a higher price for the Auction House will gather their own materials that are BOE and then pay less to have the item crafted for them directly. Just keep in mind your time and effort are at a premium. We've talked previously about tipping vs charging a fee. In this case, charge them a fee (if they aren't happy, they can sit around and find someone else to do it or negotiate a better price.).

Patch 5.2 could easily jump-start a sagging Leatherworking economy. Be one of the first on the server to get into the goods. And wallow around in the profits to come.

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

Patch 5.2 Prep: Farming the Auction House
Patch 5.2: Jewelcrafters
Patch 5.2: Thanks Uncle Blizzard for the Valor
Something Stinks In The Air
Get a Grip On Your Pricing
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

Steel Negotiations

Posted by J.E. Douglas at 11:01 AM

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When travelling through the twists and turns of tradechat, many times players will see advertisements to sell their Living Steel alchemist transmute.

This can be a lucrative business by itself. Prices ranging from 200g to 450g using their materials. It's a quick profit that doesn't require the use of the auction house. But there are always a few questions that pop up from time to time.

If your a transmute specialist you have the chance of transmuting more than one Living Steel each time. Many players will watch on their general category tab to see what is actually transmuted in the chance that theirs is an extra item produced. In some players mine they feel that the extra item is theirs since it was their materials used to produce the Living Steel

As the crafter of the item you have every right to offer them the item they paid for and keep the proceeds. Whether in a production setting 24 candy bars are produced or 36 candy bars are produced the price remains the same per candy bar. The same with other options in a production setting. The consumer is paying for the item itself.

But there is a train of thought that continues to the idea that the buyer is paying for your time. The production item is the reward for paying for your time. As the Gold Goblin code says, time is money.

The best idea is to make sure that you have this understood ahead of time before you transmute anything. If you are barking in trade chat to sell your transmute, use the idea that any extra items transmuted can be sold to the player at a discount. They pay for the timer at 400g, any extras would be available for sale to them at 250g a piece extra. This may seem like a loss to some. But in a highly competitive market, any extra gold can add up quickly. (This applies specifically to Transmute specialists)

The other key to being successful in this area of sales is to keep an eye on the competition. Players will start a quick bidding war for the transmutes. Rates begin to drop like stone from 500g to 400g to 300g attempting to get a consumers attention. Don't get caught in a bidding war so that you start to cut into profits. Your baseline profit margin should always be available. If you can get 350g profit from the auction house from listing your item, that should be your cut off point to sell the timer itself. Otherwise you are letting someone else dictate your profit margins.

Barking your Alchemist timer in trade can be very beneficial to your Gold Goblin Profit line. Knowing the balance between profit and ease can put you on top of the negotiations.

P.S. Xsinthis from the Consortium forums is sponsoring a Warcraft gold census. Take a few minutes and add your voice. http://xsinthis.net/survey/index.php

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

For Whom Does The Songbell Toll
To Level 90 and Beyond
Tales of a Gold Goblin Bully
Chess Pieces Taking The Field
When Numbers Lie
Arrow to the Knee
Must Have Farming Equipment
But How Much Is It?
You Just Can't Fix Stupid
Trick or Treat Time
Can Pokewow be saved?
Buying Patterns For Investment
How Not To Influence People
Long Term Plans
The Measure Of A Goblin
Pulling the Deal Trigger
The Vikings Are Upon Us
Dailies For Second String
Flipping Out To Survive
Resetting The Plan
Discipline In the Ranks
The Professions Race To 87
Junk In The Trunk
I bought My Gear on Ebay

Three rules for Barking in Trade

Posted by J.E. Douglas at 4:00 PM

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Selling your professions on the open trade channels can be tricky. There are a lot of traps that new players (and even experienced players) will fall into. Here are a couple of the ones I've seen that can tank a new trade chat career in a heartbeat.

1. Know what your selling.

This may seem like an obvious idea. But listing "have everything to craft" usually do not get people to drop what they are doing and run to your feet. If you have Jewelcrafting, offering a blanket statement of 'I have everything' ends up falling flat. Specifics will drive the market towards you. Rewriting a statement to 'Epic Cuts, 250g a piece' gives much more definition to what you're selling.

2. Watch grammar and spelling mistakes

We all fall into the grammar and spelling trap. Getting excited while typing and hitting the enter key. then discovering that the misspelling monster has escaped and ransacked your brilliant advertisement. Having your normal advertisement in a macro will help keep from basic mistakes. Having multiple barking messages will keep things from being busy.

3. Timing and humor is everything.

Some of the best trade channel barking adds I have seen included a small amount of humor. Naming your 'business' or taking on a character will allow you to stand out in the crowd. Also don't get into the habit of spamming your advertisement every 10 seconds. Advertising dozens of times a minute only ends up making you look desperate. It also tends to bring on the ire of the trade chat community. Their appreciation of massive amounts of blurred typing on their screen is sorely lacking.

Bonus Rule

4. Scan out your competition and the demand.
Barking your trade at 3 in the morning will not have as much success as plying your professions in the middle of the busiest time on your server. The more access to customers you have, the better your profits will be.

Bonus on the bonus rule

5. Sell for a set price and not just 'for tips'.

There are generous players out there. Ones that over pay professions for crafting items. Unfortunately they are few and far between. You have more players that tend to have the belief that they do not owe anything but a small amount of gold because 'it didn't cost you anything to make it but a few seconds'. What a player is paying for is the opportunity to have something crafted without them having to wait for hours and hours for someone to make it for them. Or it to appear on the AH. Opportunity and convenience always cost money in the real world.

There are more things that can be learned from Selling your profession items in trade chat. Just keep in mind the things that work, and eliminate the things that do not work. And you will be dominating the gold making scene in trade chat as well.

Good Luck and Good Hunting

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Post Patch Weekend Arrives

An Open Letter To Inscriptionists

That Thing You Do

1500 conquest points and nothing to put on