Suggestion Box Friday (11/6/09)

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.

Cataclysm - The End of the Individual Auctioneer

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!

Two Manning Flame Leviathon for Easy Gold

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:

Winter Veil Coming Soon

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."

21 Tips in 21 Days - The Series

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).

Dealing with Saturated Markets

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.

Happy Halloween

Here's my ghoul video from last year, enjoy!

Stay safe tonight, don't drink too much kungaloosh!

Scavenger Hunt

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?

Traveling Time

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!

Frost Lotus Getting So Damn Expensive

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?

JMTC Forums - 3.3 Speculation

Check out some 3.3 Speculation on the JMTC forums!

http://20kleveling.com/JMTCforum/viewtopic.php?f=29&t=1767

If you haven't registered and become a member of these incredible forums... um what are you waiting for?

Best Places to Power Level Someone

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

Cool Thread at JMTC

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

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!

Suggestion Box Friday (10/23/09)

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 :)

Riding the Wave - How to Sell Items with Random Supply and Demand

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!

10 Tips to Leveling Professions

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.

Arctic Fur Predictions

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.

JMTC Important Information

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.

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