RP Gold with Formal Dangui

Get the gift that soo many role players want this Winter Veil, the Formal Dangui! That is if you are lucky enough to catch this being spawned on the vendor. This is a big ticket item that can sell for thousands on an role playing realm and still sell for a good amount on non RP realms.

The Formal Dangui is a common chest piece that is sold by the vendor, Geenia Sunshadow in Moonglade. This item is extremely rare and has been guesstimated to have 1 to 2 month respawn timer. Now that makes it extremely rare and highly valuable.

So what does it hurt to have an alt camped there in Moonglade? I have my low level druid camped right next to the vendor so I can log in and quickly check. If you want a character to easily get to Moonglade you can level a druid to 10 then purchase the teleport to Moonglade spell.

Now I have not sold one of these personally but these items do sell, especially on RP realms. When I do obtain one I will sell it for thousands of gold. I think there should be no problem selling one of these for 1k to 2k gold on a regular realm. On RP realms the Formal Dangui can sell for several thousand gold. Don't believe me? Do a search on google about this item, there is posts on realm forums of players looking to buy this chest piece for thousands of gold.

So for the chance of logging in a couple times per day on your alt to find this item you could open up the chance for a huge chunk of gold. I would suggest selling this in trade chat detailing how rare it is plus you can avoid the big auction house fees as well.

Thanks for checking in!

Image from wowhead.com

Sticking to a System

Just like making money in real life you have to work hard and find a system that works. I'm not talking about a dead end job but actually being your own boss or finding an income that can be very flexible to work around.

Finding a System

The same ideas can be applied to making gold in WoW. Every realm is different and every realm varies in populations. But regardless of those facts you can make gold on any realm. Let's say for example that you make a steady income just flipping items on the auction house compared to professions on your realm. Then that is a system that works for you! You may find reselling vendor items on the auction house is very lucrative so you make an easy profit in doing so taking you to financial freedom in WoW. You never have to worry about raid repairs or paying for item enhancements ever again.

There is many different techniques for making gold and several of these methods work really well but that doesn't mean that they will work for you on your realm. You will need to test these methods out and find the one that works best for you. I make the majority of my gold from inscription and jewelcrafting but I only dabble in enchanting markets because there is just insane competition on my realm. Why waste my time getting frustrated with enchanting when I can make ridiculous gold in the other two markets? If I get some revenue from enchanting then great! Just more to add to my pile but I don't put all my effort into that market.

Questions for Comments

What markets work best for you? What issues have you encountered on your realm? Any methods you've read just flat out fail on your realm?

Make Easy Starter Gold With This One Tip

I always see low level characters in capital cities begging for gold or sending tells asking for a few gold, so I figure this would be a great topic to address. This won't make you rich but this will for sure help you buy your talents, low level gear, and any other goodies you want.

What we are looking to do is flip a vendor item in your capital city. We want to get to the nearest fishing supply vendor, Shanky in Orgrimmar or Catherine Leland in Stormwind. We are wanting to buy the item Strong Fishing Pole. This item costs 9s but we can easily resell it for 10g or more, I've had it sell for 20g!

Why This Sells?

What makes this item so valuable is because it is a limited supply item, but you should have no problem picking one up off the vendor, and because it has +5 to fishing skill. Players will lookup on the auction house for anything to boost their fishing and 10 to 20 gold is drop in the bucket for most players that are level capped. It may not resell quickly but normally it will sell throughout the day, so a few hours. You can rinse and repeat this process to keep a stream of gold coming in while you level so you can keep upgrading your gear. By the way! There is NO competition on the auction house for this item.

Thanks for checking in!

Reset Markets After A Crash

If you've been working jewelcrafting you probably know all to well about market crashes, especially this close to Cataclysm. I've talked to several players that have quit jewelcrafting all together till the expansion hits. On my realm I've seen some fairly large swings in jewelcrafting markets where my most profitable cuts are just about worthless. Luckily for me I was able to sell off most of my gem stockpile so I didn't take any losses. Now I work with small piles of gems to meet the low demands without taking a huge risk.

Reset Markets to Raise Profit Margins

Now there is always a risk that this could backfire on you so I'm giving everyone fair warning, but normally this will not be the case so I still consider it a low risk option if it is on the table. Because the competition has been bailing I've noticed that supply for certain cuts run fairly low, enough to reset a market. For example, Bold Cardinal Rubies may have crashed down to 83g each but there may only be 5 or 6 left on the auction house at or near that price. You buy them all up and repost a couple at 179g. By invoking this method you have essentially manipulated a market, created scarcity, and widened your profit margins.

By resetting the market it will take a while for prices to drop back down to where they were so it gives you plenty of time to make some great profits. Players are still willing to buy cut gems for 179g as I sell them all the time after a reset. This may cause a feeding frenzy with your competition but as I said earlier there should be less competition to deal with as many have left the market.

Questions for Comments

Do you currently reset markets? Have you been using this method with the recent market crashes?

Why Liquidate Now?

A few of the other gold blogs have been posting about getting rid of your stockpiles now since cataclysm is on the horizon. Some have even suggested restricting what you sell so you don't get stuck with items that don't sell or you end up taking a loss.

Don't Liquidate Now

I don't agree with most of these ideas. Why? You still have 2 1/2 months till Cataclysm comes out, I'm going to assume Thanksgiving week will be the release like they've done in the past. That is plenty of time to make a lot of sales and there will still be plenty of demand. I would even speculate that you could maintain a stock pile up till the final month then start to unload then. But here's the thing, what are you unloading? There should be several items in your stockpile that you should be maintaining for the launch of Cataclysm anyway, ore, cloth, inks, herbs, etc.. Sure, you will have to unload your epic gem stockpile if you're a jewelcrafter but you should have no problem unloading the remaining gems in the finale month before cataclysm launch.

Profits Still To Be Made

If you happened to have read the post on this subject over at Capped By Cata, he talks about how jewelcrafting with epic gems isn't worth it. His point is everyone already has all the epic gems and will no longer be needing to buy them so in turn, demand falls. I think this is a narrow minded assumption to think that there will no longer be players receiving new upgrades via raids. As of today trade chat on my realm is spammed all day with pug raids looking for members. There will still be plenty of players receiving upgrades all the way till cataclysm launches. I've had fellow players on my realm this week tell me they wanted to gear up on their dps sets so they could level faster.

Think about this, some players only have one good set of gear, whether it be healing, tanking, or dps gear. Depending on leveling style they may want fast queues and need a healing or tank set. Others may want the best dps set to grind through all the quests. What ever it may be they will be upgrading their sets and buying the best gems to put in them. Markets may have crashed but it's foolish to think that there will be no profits to be made. So let's look at some basic economics, demand falls for cut epic gems so as a result demand for uncut gems falls as well. Both prices fall accordingly but a profit margin remains between the two. This profit margin is what is key all the way till cataclysm. Whether it is 10 gold or 30 gold you will still make a good profit depending on the quantity that you sell. I can still sell 15 to 20 gems a night while I sleep at a margin of 20 to 50g each. So twenty gems at 20g is still a 400g profit just for an overnight posting, that doesn't even include working the auction house during the day.

So if you really want to be like a furniture store going out of business and sell everything then go for it. In my opinion I think that you end up limiting your gold making significantly if you do this right now. Plus there is several items that you should be stocking up for when Cataclysm launches.

Questions for Comments

Are you liquidating everything now? What time frame do you have in your mind before you unload unnecessary items?

Wow Auctioneer database parser II

Wanna break down your auction house scans? Would you like a spreadsheet to search in for current prices? Wanna research items maybe you should be selling? Well there is a website for you!

Wow Auctioneer database parser II is a website that will take your auction house data and convert it to a CSV file that you can open up in excel. You will need to get the latest version of auctioneer and Auc-db installed to run a scan and have a database file to export. This export allows you to view the latest auction house data from your most recent scan.

I like using this to quickly lookup prices for various items, especially if I'm farming or I'm away from the auction house. You can also use it to quickly compare faction prices on the same realm. Run a scan on horde, export, then jump over to alliance and do the same. Compare the prices and see what items you can faction trade to sell on the other side for higher profit. (This will require two accounts)

Let me know what you think!

Shadowfang Keep BoE Snatch List

You may not know about these two items but there are two very rare BoE drops out of Shadowfang keep. The drop rate on these two items have been nerfed substantially so it probably would be a waste of time trying to farm for these items. Unless you are really into tweaking out then go for it.

Those Silly Twinks

The two items are Shadowfang and Assassin's Blade. They can sell from anywhere from 2k all the way to 10k gold. Even some players will pay real money just to get one of these. These are a couple of the best twink weapons available at level 19 so they are in high demand in the twink community.

The Snatch

What we are banking on someone picks ones of these up and has no idea what the real cost is. Hopefully the post it from 50 to 200g. What we can do is use the snatch tool to create a price threshold of 1000g to try and catch any of these items. Even if you bought one for 1k you should have no problem making an insane profit. For more information on using the snatch tool check out my tutorial, Using the Snatch Auction Tool.

Export BeanCounter Data To Excel

After doing some more research I've found someone who has created an excel workbook that uses macros to export your BeanCounter data. This is a little bit more advanced method than I'm used to sharing with my readers but if you're interested in breaking down your BeanCounter data and drilling down in the data then this is for you. I wanted to see if there was something else available since WoW Sales Report is no longer being updated and it does not work with newer auctioneer data.

The Download & Install

You can download the file from curse gaming, BeanCounter Export. You will need Office 2007 and macros must be installed. If you need to enable macros go to File -> Excel Options -> Trust Center -> Trust Center Settings. I have not tested this file in OpenOffice but I'm sure it will work in the newest version.

It doesn't matter where you put the file, your desktop or my docs will be fine. Double click on the file and edit the settings on the first page of the workbook then press ALT + F8 to run the macro. A popup box will ask if you want to run Readfile, click run. A box will pop up and ask you for the path, enter this path name but edit it for your account name c:\program files\World of warcraft\Wtf\Account\"Account Name"\saved variables\beancounter.lua . It will say done, click ok.

Changing Options

You should now be able to look at your auction house transactions based upon the settings you selected. The currency data is a bit messy but we can fix this by selecting columns E through K then right click on any column then click Format Cells. Go to Custom then copy past this, 0"."0000;-0"."00;0"."00. This will change the format to gold so it's easier to read.

By using the top menu buttons you can sort the data any which way you want. This export is great because it allows you to see sales patterns, what items are your hottest sellers, and what classes you might be tailoring too.

Selling Leveling Greens

This can be a tricky market to get a hang on since there is so many items to look for but it can be a great money maker, especially come Cataclysm. I know what you're thinking, what about all these Bind on a Account items? Here's the thing, BoA items don't cover all slots and then you have the factor of players being lazy or not having any interest in grinding out emblems and faction seals.

What to Sell?

You can add uncommon greens as another item to look for in your gold making process. For some greens you can make a higher profit than just straight selling to a vendor. The key is looking for the right items which can take a bit of experience to know what to sell. Here are some of the types of greens that you should be looking for.

of The Monkey

of The Bear

of Power (Mail & Leather)

of The Eagle (Cloth, leather)

Anything with Spellpower

Stam, Strength, Crit on plate or mail

Any Blue (Just about any blue is going to sell for more than the d/e shard, unless it's a weapon you can sell to vendor, some do sell to vendor for a good amount)

Now you're thinking, what about tank gear? Defense gear is good to sell NOW. Do not stock up on this gear for cataclysm as defense will no longer be a stat since it will be built into tanking specs.

How to Price?

This can be tricky as you can look at market prices of similar gear to get a feel for what that item may sell for. You may not have much auctioneer data on some of these items since they have such random stats. You can forget about minimum bids with this type of gear as people who are leveling want their gear now, not later. You need to find a price where you at least make double of what you would sold to a vendor. So a green weapon sells for 9g you need to sell it for around 20g.

Leveling blues will normally sell for 50 to 100 gold. Unless you get something truely great it might sell for a couple hundred. The great thing about blues is there is much more auctioneer data available to you will have a better idea of the market price on your realm.

Questions for Comments

Do you sell leveling greens? Any things you look for when selling leveling items? Do you avoid this market of the auction house?

Paying for Guild Sig?

Sign Me Up! Getting gold those first few levels can be difficult even if you are selling everything you pickup. Always keep a keen eye for posts in general or trade chat for players paying for guild signatures. Most of the time guild signature payouts will be 5 to 10g but that is a huge amount of gold at such low levels. Especially if you're starting out for the first time or creating a new character on a brand new realm.

For example, on my one alt I have signed 8 guild charters! I earned anywhere from 5 gold to 50g per signature! I was expecting 20g one time from a player and he gave me 50g instead. He said, "Consider it a gift." So just think of it as another way to make gold while leveling. I leave my alts guild-less while leveling or have them in my personal guild that I can easily leave.

Reinvesting that Gold

This is critical if you want to build up some gold on a new character, especially if that character is stranded on a new realm. If I get some starter gold off guild signatures I will run to the auction house and start looking for items to flip. I'll get a couple auction house scans in during a day to get the feel for the realm's markets then start looking for items on the resale list. I will start looking for anything that I can buy for just a few silver to a gold each that I can flip for big profits.

You only need one successful day of flips and you are pretty much good on that realm. Once you have built up 50 to 100 gold then you can really start flipping bigger items. Rinse and repeat, the gold pile will just keep growing.

Questions for Comments

What methods do you use for earning gold at low levels? Do you keep an eye out for guild signatures? What's the most you have been paid to sign a guild charter?

How to Use Auctionator

There is a lot of emphasis on using Auctioneer, which is a great addon but it can be intimidating to most players that are new to the auction house game. Auctionator is a lightweight and easy to use addon for the auction house. It allows you to quickly post auctions, buy items, and cancel auctions that you have been undercut on.

I would recommend going to google and do a search for Auctionator, the first result should be for curse gaming, go there and download the latest version. You will need to place it in your World of Warcaft/Interface/Addons folder. You will need to restart wow if you do this install if you still have the game running. Select which characters you will want to use this addon at your character selection screen. Now get to an auction house and open an auction house window with an auctioneer. You should see three new tabs in orange lettering at the bottom of the auction house window, Buy, Sell, & More.

Buying

1. Click on the Buy Tab.

2. Click on the Full Scan Button (Upper Right Hand of AH Window).

3. New Dialog Box Should Open -> Click on Start Scanning -> When it's finished, click Done.

4. One the Buy Tab, search for an item you would like to buy.

5. In the Search Item click on the item you are looking for. It will breakdown prices listed for that item by stack and quantity.

6. Once an item is highlighted, click on the Buy Button (Lower Right Hand of AH Window).

7. Enter in the number of stacks you want to buy -> Click Buy.

If there is 40 stacks of infinite dust and you enter in 40 stacks to buy, Auctionator will instantly buy all 40 stacks for you! You will no longer have to hunt through the list and select each stack 40 times to buy them all. This also allows you to easily see quantities better, for example, when arrows are posted in singles or stacks of 100.

Selling

1. Click on the Sell Tab.

2. Drag an Item to left side of the AH window and insert it into the blank box. Auctionator will list your competition's current prices for that item. Auctionator will automatically enter the price you should post the item for, lower than your competition.

3. If you are satisfied with the price and quantity, click Create Auctions.

Undercuts

1. Click on the More Tab.

2. Click on the button, Check for Undercuts, this will search through your auctions and detect whether or not you have been undercut.

3. If undercuts are found it will ask you to cancel your auctions that have been undercut, click Yes. Auctionator will cancel all auctions immediately.

Settings

Inside of WoW go into your interface settings -> Addons -> Auctionator

There are a few settings we want to look at.

1. Select Show Tooltips (If you want price history on your items)

2. Undercutting -> Enter in the price threshold you want to undercut with

3. Selling -> Setup stack sizes for various item types

I love this addon because it is so easy to use and it really streamlines your auction house processes. Buying and selling are not much easier than this!

Questions for Comments

Do you use Auctionator? Do you prefer using Auctioneer instead? Which addons do you use to for your gold making business?

How do you turn 1,000 gold into 2,000 gold?

Markco over at JMTC has asked the gold blogging community this question for his 2nd Blogging Carnival, "How do you turn 1,000 gold into 2,000 gold?"

I think that this question can be broke down into two separate paths depending on what a user has available to them. Let's take a look at both strategies, which are both very viable.

The New Player that is Limited by Professions

If you fall into this category you are looking at any options available to make gold because you just simply can't take the gold you have and invest it into materials to craft items to sell. So let's look at the options available to you.

1. Buying and Reselling Vendor Pets

This is a simple method of making easy gold. You can make a trip visiting vendors in your faction capital, Dalaran, or the Stormspire in Netherstorm. These pets can easily sell for double or more what you paid for them. For example, Dalaran pets sell for around 50g and can be resold on the auction house for 100 to 150g each.

2. Flipping Items on the Auction House

Another great method to make gold is buying low and selling high. By using the Auctioneer addon we can easily scan the Auction House for any items that are selling for way undervalue. Then we can buyout these items or put a minimum bid and hope to win the item. Then repost any items you find at actual market value and rake in the profits!

Items I generally look for are any type of materials, ore, leather, herbs, or cloth that is selling for way under market value. Also another low risk area is flipping Frozen orbs, Crusader Orbs, or Eternal Fire/Life.

The Established Player with Professions

Established can be used loosely with this strategy. This can range from a veteran to someone who has a maxed out profession but has no idea how to use it to make gold. Let's go through some examples I currently use to make gold.

1. Inscription

I think this profession I see the greatest return on out of all my professions. At one time I would consider that profession to be jewelcrafting but since those markets have pretty much crashed I use Inscription as my cash cow.

I would immediately take that 1000g and buy up as much herbs as I could get my hands on that fit under my price threshold of 15g per stack. Normally you can find stacks for 9 to 12 gold. I would also buy 4 frozen orbs to make epic tomes with. Make as many glyphs as you can that are above 10g each and make some Runescrolls of Fortitude as well.

So let's follow along, Buy Herbs -> Buy Orbs -> Mill Herbs -> Make Inks -> Make Tomes -> Make Glyphs -> Make Runescrolls or Fortitude or Sell Snowfall Inks

Depending on market conditions you might be able to sell Stacks of Snowfall ink for 200 to 300 gold. This is immediate return on your investment has you should have about 3 stacks worth after milling. You can also use them to make Runescrolls of Fortitude but you must check to see what the going rate is on your realm. Typically they run 5-6g each. Tomes sell for around 250g each and I would recommend making 4 of these to sell. As for glyphs stick to ones that sell for above 10g as we are looking for high demand glyphs to sell to get a quick return.

In a matter of just a couple evenings selling these items you should easily be above 2000g. If you sell 50 glyphs out of the 250 to 300 glyphs that you are likely to make at 40g each, which is entirely possible as I do it frequently, then you have just turned 1,000g into 2,000g off glyphs alone. This is what works for me and it is an absolute cash cow but I warn that you should test inscription on your realm and see if it is viable as it is a highly competitive market.

2. Jewelcrafting

This is still very viable even after the market crashes as long as you can get the materials for cheap. If so you can still pull out a profit margin of 30 to 80g per gem. Because of the heavy investment required it may take you two or three evenings to double your profits.

So let's say you buy 12 gems at 80g each, that's 960g. By cutting epic cuts of gems, which you can see the list of cuts I have over at my What I Sell list, you can expect an average profit of 30g if markets have crashed on your realm. When you sell those first 12 gems you will have a profit of 360 gold. Turn around and buy another 12 or more gems and rinse and repeat. Not only will you turn that 1000g into 2000g but you will easily make that profit skyrocket the more and more you can reinvest into uncut gems.

Questions for Comments

What would you do to turn 1,000g into 2,000g? Anything you would do different?

Thanks for checking in!

Cataclysm Stockpile List

Here is a list of materials that I am stocking up for Cataclysm.

1. Inks

I've begun stocking up various lower level inks and ink of the sea for the upcoming expansion. Once Cataclysm hits you will no longer be able to trade Ink of the Seas for lower level inks, the new Cata Ink will be the new trade ink, so stockpile now on all of these lesser inks so you can stay ahead of your competition.

2. Runecloth

I am currently stockpiling Runecloth to feed all the hungry worgen/goblin players that will want to max out their reputation. I predict that there will be a serious demand increase upon expansion launch.

3. Netherweave Bags

I've got an entire bank full of netherweave bolts plus a guild bank tab filled too. Netherweave bags are ALWAYS in demand and the demand is going to go through the roof with all the new goblins and worgens running around.

4. Pets

It's a safe investment since pets are always in demand at a steady market price plus there is a possibility that some pets or pet vendors may be removed from the game. For example, the Azure Whelpling's status is still up in the air. With the massive changes to Ashara there is a good chance this pet could be removed from the game.

So stock up on old world pets and possibly take a chance farming some rare ones that might be removed.

5. Enchanting Scrolls for BoA enchants

I am stocking up on various scrolls for BoA enchants. There will be a big rise in demand for these enchants with all the alts being created.

6. Eternal Belt Buckles

I haven't heard of anyone yet talking about stocking up on these. Right now there hasn't been any new info on an updated version but I can't really think of what the updated version could do but add 2 sockets instead of 1? Either way there should still be a rise in demand for these buckles.

7. Cobalt/Saronite Ore

There will be some pretty good demand from players leveling blacksmithing, alchemy, or engineering that will need ore. Plus you can always prospect the ore and get uncommon gems to cut. There will be plenty of players willing to blow their gold on gems for every new piece of gear they get leveling to 85.

I've thought about considering stockpiling on various lower level ores, leathers, and herbs for leveling purposes. I can only assume that all of these new characters will be wanting to level new professions and buying up the materials to level these professions quickly. I think I will have to do some inventory management to figure out where to put anymore stuff at!

Questions for Comments

What are you stockpiling for Cataclysm? Anything in my list that you don't agree with?

Trade Chat LFW?

I had read some various opinions on using trade channel for additional work or revenue. Using it to find some extra business by responding to various players looking for said service is a great way to get some extra gold to come in. But the method of dispute is posting in trade channel with a link to your profession asking for business.

In a post last January over at Cold's Gold Factory, Shouting In Trade Channel, Cold discusses why it may not be wise to shout in trade with your auction house postings or posting profession links looking for additional work. He brings up a great issue that you are alerting your competition that you are online and that they will be more likely to wait for you to logoff and undercut your postings. I think that serious gold makers will already have you on their friend's list so they know when you logoff plus I think it's a double edged sword. The same thing occurs when you are posting in trade channel looking for buy cheap materials. You are limited by how much cheap materials you can buy from the auction house so you have no choice but to look to trade channel, especially if your sources of farmers run dry.

I think that you must have your competition on your friends list but also you will need to do postings in chat for both additional work and materials. I know two players on my realm that I have befriended, yes they are competition but we have an understanding, that post daily in chat for work. I think it is a huge revenue source that anyone could be missing out on. For example, most gems that I cut for players I receive back a 10 to 20 gold tip. Heck in most gem markets you are only making a 20 to 30g profit. In my opinion I think that you may want to stop all of your trade chat postings and hour to 3o minutes before you logoff for the evening so you have time to check all of your postings for undercuts.

Thanks for checking in!

Pack Rats

It amazes me how much people collect for the sake of just having stupid shit. No, No, it's great to show off your guild bank full of enchanting mats...that you will never use. I see all the time other players showing off their stockpiles but yet they don't have anywhere near the liquid gold they should for maintaining a stockpile of such size.

I guess there is some glory behind just having 9000 inks in your bank. I've seen on other websites players showing off screenshots of their massive stockpiles. Who gives a shit? Seriously. Talk about the mechanics behind gold making not your damn e-peen. Especially for those that claim to be serious at making gold.

The issue is that you end up buying more than what you would ever need to meet a certain demand and normally for some markets you would never even have the opportunity to buy that much in the first place due to scarcity in the market place, especially at the price threshold you are trying to meet. The other issue is that, depending on the amount of time that you have to unload these mats, is if too much time occurs after your initial purchase then markets could crash or slowly decrease in value which in turn devalues your entire assets. If this happens are you even making a profit? You might even be lucky to just break even.

Depending on the market you can have some really high demand periods where it just doesn't seem like you have enough materials ever to meet that demand. Which is great! You buy up as much as you possibly can to create a good stockpile to meet it. But guess what? It isn't going to last forever. There will be a downturn in the market. Think of this. You end up buying a massive stockpile of epic uncut gems, let's say you invest 40 to 60 grand in gems at 80 to 90 gold per gem. Everything is going great but you begin getting through half of that investment and then markets fall and now there is a chance you could be taking a loss on those same investments. This is just a strategy that I would like to put in the mind of everyone. There is too much advice out there that just pounds your brain saying buy as much as possible. I'm all about having large stockpiles but there should be a limit to this business decision.

After a while you should have a pretty good feel for your realm's economics but even having a grasp on that you can see some bizarre swings in markets.

Questions for Comments

How large of a stockpile do you maintain? Do you have a limit? Have you ever had a bad buying experience with market crash?

Late Night Posting - Big Sales

The Competition

If you're like myself, a casual player, then there are going to be times that you just can't be online watching your auctions ensuring the auction house campers aren't undercutting you every 5 minutes. If you are able to post late or at least right before you go to bed you will have much better luck at getting more sales. There will still be demand for your items over night but you will face much less competition.

Who's Sleeping?

Every night I make one final posting on all of my characters, normally between 11:30 & midnight. Every morning I wake up, load up the armory on my iphone and check my sales. I will have tons of sales every morning! Much more sales than what I would have just posting during the afternoon to evening hours going against all the competition.

Success!

For example, two nights ago I woke up and sold 33 epic gems. That was over 4k sitting in my mailbox on just one character. I have found that the most competitive market is inscription and this method works the best with my scribe. I usually get undercut on all my glyphs within 15 minutes so it's a narrow window of time to even get any sales but posting late at night I will have huge sales. All of my items will sit on the auction house all night while facing much less competition.

What time have you found to be the best for posting?

Knowledge is Power

We take risks with every deal on the auction house game. No where near the risks we take financially in real life, we will still have food in our mouths for our WoW business mistakes. By risks I think that we all want to be creative with our businesses. Try to be unique in our ability to come up with new ideas in gold making. For example, Markco discussed making glyph kits to sell to players is a perfect example of such creativity. I've had several ideas that I've tested and they either worked or didn't. Some really bombed and I took a loss. Some were a success, like my arena team leveling and flipping idea. It really did work!

All of the other gold gurus and myself share with you ideas for you to test. They may end up being very server dependent, they may require some tweaking for them to work for you, or maybe they just won't work for you. But these are ideas you must test and try for yourself. If you are able to find what works for you and stick with it you will make a ton of gold.

Finding the Right Info

I am assuming most of you come to my blog or others with the same mentality, "I never could make or keep gold and I'm done being broke." This is what happened to me before I finally said enough was enough. I always thought it was some type of grand secret to have tons of gold. How were all these other players on my realm affording the expensive mounts, vanity items, and best BoE gear? We're they just buying gold, which I'm sure some were, or were they hacking the game? That's how oblivious I was over the years of playing WoW. I some how found Stockpile's blog, prior to him closing up shop, and that is where I began learning the basics of gold making.

Finding a System

I was able to create my own system that works. I found using multiple professions and stockpiling materials was one of the biggest keys to making tons of gold. I had never really used my professions in the past to make gold as I normally just had them for making upgrades for my characters. I was always a one dimensional farmer and guy who did several dailies to make gold. Getting 5k for my epic flying was a complete struggle and couldn't wait for it to be over. I was always sitting at 100 to 800 gold at any given time.

The Power

I tried many of the ideas Stock Pile was implementing and in the beginning I had some mixed results. Some were just knock out strategies that flat out worked. I began figuring out how to use addons, dealing with goblins, and fighting off competition. In no time I had 5k gold and it was painless and fun. That first 5k took me a couple weeks or more to obtain but once I had the knowledge and experience of items on my realm the gold really started pouring in. Since then I have been making profits of 10k+ a week on my best weeks and at least 5k on my bad weeks. I've been able to pull off those numbers all while being a casual player. There are some non-casual gold gurus out there that pull in 20 to 50 grand a week!

Having this kind of knowledge is truly powerful. You will have something very few people on your realm will know how to do. So try out the ideas you hear from myself and from other gold bloggers. Test these ideas out for yourself and find out if they work or not. Don't be discouraged if something doesn't work for you or on your realm. There is always plenty of other ways to make gold and serious gold making can be done on ANY realm.

Thanks for checking in!