Monday, 25 June 2012

Making Gold at the end of an expansion: Up 429k in 30 days

30 days in gold making 26th May – 25th June
Flipping 378 weapons and Weapon scrolls
Wowuction + TUJ
Enchanting rods
Pets
Embersilk bags
BOA enchants
Crafted levelling gear

Focus on making gold during the lull, you will find you have less competition and it is a great time to experiment in different markets. Shift focus away from catering to the raiders, focus on those levelling professions and alts.






I realised I might have been pricing my 77-81 greens too low so I raised prices and now fluctuate them between 300g- 380g. I charge more on fri/sat/sun as most of my sales come over the weekend and drop prices to get a few more sales during the week.








I decided this month to go back to a similar transmog pricing strategy I had a few months ago, which basically meant I doubled the price of every transmog item I sold. It’s still too early to tell what impact this has made, I have had a good week but last weekend was super slow. Need more time to assess what impact reverting to old prices has made on sales numbers/ profits.







I’ve started to dabble in pets, recipes and trade mats. I have had consistent success flipping 378 weapons and resetting landslide / windwalk / power torrent scrolls.






Now that I have a substantial pile of gold I can be very aggressive and get into markets and correct them. I did’nt like that nightmare tears were 170g/ea so I reset the market and now they are selling for around 400g.

So basically I flip anything I can get my hands on! 

After Jim had mentioned wowuction in his livestream a few times, I started looking into it. I have to say I think wowuction is an amazing tool. I like to use it in conjuction with TUJ to get greater insight into what is selling and where I can diversify into.


Enchanting rods

I am selling arcanite and adamantaite for the most, but actually eternium is probably best for profits I can pick up ore for 2-3g/ea and sell rod for 130-170g.


Pets

From engineering pets to vendor pets these are flying off the shelves as with any holiday with a pet reward the midsummer fire festival has increased demand for pets. Pets are a great item for making gold while levelling they are very cheap to buy and always sell with demand spikes around holidays.


Embersilk bags

I have been doing a little bit of shuffling and ended up with 2000 hypnotic dust so I make these bags, I find the price peaks at the weekend so I don’t sell at 300g during week but sell lots at 400-450g on weekends.

BOA enchants

15 agi, cloak stealth, 22 int are my best sellers. I don’t have the +4 stats to chest recipe.


Crafted levelling gear

Jim had mentioned on his livestream selling levelling gear but I think he was focused on actual drops not crafted items. This also came up during The Clockworkriot Litecast episode 5, I have been experimenting with a few crafted tailoring / LW items. Some have been very successful and others not so much. I think the trick is to craft items in slots that are not slots that are mass crafted during levelling these professions. Still experimenting so will post more once I have a better idea of the items that sell regularly. Selling something for 500g which cost you 10g to craft is pretty awesome.






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4 comments:

  1. It has to be said this is highly server dependent as well farli. I am on a smaller server and our markets for flipping are really not that great. The transmog market is almost dead and most of the gold I'm making now is in crafted PVP gear.

    I guess people are bored at the end of an expansion and just want to kill each other for fun.

    ;)

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    Replies
    1. My guess is that the PVP gear is selling so people can boost their iLevel, and get into HoT or LFR. Being someone who just dinged 85 I either see people being over geared for the zone, or in full out PVP gear.

      either way, you are making money off them, which is the point.

      Delete
  2. Flipping 378 weapons is something I haven't tried but will give it a go, but like you pets are flying of the shelves. Cheers Marcus Ty

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  3. The low level Cata greens are still selling well, though on my server I have a bunch of idiots crashing the pet market. I'm trying to stay away from 378 epics as the neck I bought has been up on the AH for about a week and a half w/ not even a bid. I'm not even going to touch the glyph market there's way too many competitors atm. But I'm still raking in the gold by find markets that have been over looked or abandoned due to the slump. The Rare BoE market has never been better, and items like Books of glyph mastery and Ebonsteel belt buckles (the mats are dirt cheap) sell quite well. I've made about 20 belt buckles for about 22g each and sold each 1 for about 225g a piece. I can sell 8-10 a day so far and that's pretty serious bank.

    ReplyDelete