Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Thursday, December 2, 2010

All Alone and In Need of Gold!


It's so cold...and lonely on this new realm. No existing characters to steal gold from. No friends to buy me some shiny new bags or gear. All I have is my experience, courage, and confidence to push ahead and know that I will find a way to make some serious gold on Kel'thuzad.

Now you're probably wondering why the heck is Nakedjay creating a character over at Kel'thuzad? My buddies are all going to create their worgens on that realm and have already created a guild. Funny thing is they just created level one characters and all started begging for gold to create the guild charter. I had no part in that since I like to abstain from begging and it occurred before my return to WoW.

So currently I've got a new mage named Nakedjay running around Kel'thuzad. He hit level 13 last night with not the best focus of actual leveling. My goal is to use him to start making some serious gold on this realm so I will have all the gold I will ever need for my new worgen. My end goal is to get this mage to level 20 so I can buy a mount and use him for gathering.

I picked up skinning and mining on this new character and it has worked out nicely. I've been able to sell three greens I've picked up, leather, and linen. I've racked up 28g rather quickly without even selling my copper ore. The low level greens I've been lucky so far, they have all sold for 2 to 10 gold each.

Here is a run down of the going prices at Kel'thuzad (US):
  • Copper Ore - 10g a stack
  • Linen cloth - 2g a stack
  • Light Leather 4g to 5g a stack
  • Rough Stone - 19s a stack
So here is my plan,
  1. Keep leveling and selling everything I pickup
  2. Get my mage to level 20
  3. Buy mount
  4. Farm copper in Elwynn
  5. Skin everything I see
  6. Flip Vendor Pets
It should be interesting to see where I'm at come December 7th. It would be nice to have a few hundred gold stacked up ready to use for my worgen. I don't want to get my hands dirty with auction house flipping in general since the markets are so volatile this close to Cataclysm.

What's your favorite low level gold making method?

Wednesday, December 1, 2010

Have You Ever Given Away a 100k?


I know...crazy right? Giving away all that hard earned gold just for the hell of it. That's what I did a couple months ago. I was so burnt out on WoW that I was at the point of just quiting for good. At the time that I had this crazy idea I was sitting at 140k gold.

With a crazy look in my eyes and a budlight in the my hand, I messaged my real life friends who were still playing the game. I told them I was going to give away 100k gold that I had earned from working the auction house since I was quiting the game. I split up the gold between the four of them so they each received 25k gold. I'm fairly certain that none of them had ever had that much gold before in the the years they have been playing this game.

I logged off immediately and went to battle.net to cancel my account. I never asked them again about the gold till I returned the other day to WoW. As I had figured they had blown it, which is fine but typical. It was their gold to blow but I was hoping that maybe they had learned some of the things I've been doing to make gold in the past and keep up so they would have a steady income stream. I think each of them now has a couple grand left so they are definitely not broke but that is sure a lot of gold to blow through.

As I thought about this I began thinking of some real life similarities. Ever known or heard of someone in your town or city that won the lottery? Then within a couple years they were broke cause they blew it all? It seems to be a common story throughout the years with lottery winners. They buy big houses, multiple expensive cars, and other toys then they can't afford the taxes or just don't have any money left.

It's the difference of a poor to rich mentality. Some have it and others don't. Someone who has worked hard to get rich isn't going to just blow all their money and even if they are a big spender they know how to keep income coming in.

I was glad that I left myself 40k, which will be plenty to buy new stock and pay for leveling my professions. I can use that early on to make some massive profits. I already purchased 310% riding so I can really farm quick with my paladin. 310 flying + Crusader Aura = Profit!

Wednesday, September 22, 2010

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?