Monday, 30 July 2012

1000k in 65 days: Making Gold before Mists of Pandaria

First take a look at this post about my gold making in June: Making Gold at the end of an expansion: Up 429k in 30 days

TSM Stats
MySales last 30 days
July Gold Chart
Undercut or Overcut: Glyphs vs Cata greens
The countdown has begun

I hit the milestone of Two Million Gold at the end of May and now 65 days later I hit the milestone of Three Million Gold. There is probably too much information to cover in one post so i'll  start off with a lot of screenshots to give you an idea of how I made 1000k in 65 days.

TSM Stats for the last 30 days

 MySales last 30 days

July Gold Chart

Undercut or Overcut: Glyphs vs Cata greens

These two markets are making me the most amount of gold right now, closely followed by Scrolls and Transmog items.  I sold 23 Cata greens (armour, weapons, rings) and had 7.5k in glyph sales in the last 24 hours.

In Glyphs I tend to undercut, overcut and price match depending on what sort of competition I am facing. Recently I tried out a 2 phase re-entry into the glyph market. Normally I post pretty casually at 48hrs and come back 48hrs later collect gold and expired mail and repost one of every glyph again for 48 hrs. I used a relatively high threshold which meant the majority of my glyphs were posted at a high fall back of 200g.

Ink price is around 8 to 9 gold.

About a month ago I posted a wall (3 glyphs deep) at 100g. I kept this wall up for about a week and several glyph competitors stopped posting.

I got a few mails and whispers about ruining the market and how I was ruining the market for myself because before you could sell 200g glyphs and now you sell them for 100g.  After seeing some of the main glyph competitors leave I stopped walling and started 1c undercutting, I would cancel/repost 3 times a day and started making real nice money, the average price of a glyph is around 75g and ink prices have started to fall down to around 5 to 6 gold per ink.

Now I could have skipped walling and just became more active in the market by undercutting 1c in a high priced market. However there was so many competitiors in the market that it was usual to be undercut by 8 - 10 players within an hour of posting. By putting down the 100g wall for a week there are now 3 - 4 players willing to continue with lower priced glyphs.

With selling Cata greens I guess you could say I overcut. I set my threshold 1g below my fallback. I buy any item below 75g and sell items for 300-1000g depending on the item and the day, lower for Mon – Thur and higher for Fri – Sun.

I post up one of each glyph, but post up seven of every 77-81 green item (ignoring the suffix). I make sure to restock all my glyphs to 18 currently and I am building up another stock of glyphs in a Guild Bank currently five of each glyph. So after a restock (I restock 2-3 times a week) I have 23 of every glyph in the game.

For glyphs I try to pay attention and have added the names of all my competition to my friend list, noted their routine and what glyphs they are missing. For Cata greens I can not name one of my competitors.

I log on to my glyph alt 3 times a day and cancel / repost, I log on to my Cata green alt once every two days and never cancel and never undercut.

I check on herb prices 2-3 times a day, I check prices on cata greens 2-3 times a day.

You may have slightly different strategies but I find that I deal with several markets in a similar way. Glyphs and Gems are very similar, Cata greens and transmog are very similar. 

I like 48hr posting and I like to Overcut.

I am seeing a decrease in sales for low end items, but an increase in sale of high end items. I’ve sold several high end items for 9-10k in the past month which has been great but I am running low on stock of these high end transmog items, I’m hoping AOE looting and lots of people levelling up Panda’s will bring a lot more items on to the Auction House in MoP.

The countdown has begun! Tick Tock MoP

 The Auction house is very volatile currently with a lot of items being dumped. I’m keeping an eye out for cheap herbs and ore which I would love to really stock up on. I will probably post a more indepth update but the alliance project is going really well, I need to finalise a few professions but I think I will be able to get one of each profession on both factions and 15 level 85’s (12 currently) by 25th September. I still have not decided whether to buy MoP online or pre-order a hard copy. Since I will be buying two copies I might just buy one of each.

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Friday, 27 July 2012

Guest Post : Borean Leather Farming by

Today I want to talk a little bit about farming. It’s important to understand that in every gold makers toolbox that farming is important. I know there are many gold makers out there who are against farming, they feel it’s a waste of time. I some respect to that, it can be. It all depends on what you are farming.

Borean Leather is on of those leathers that you need a whole lot of it to level your Leatherworking to 425. At 425 you move into Cataclysm level leather. My new Hunter is level 75 with both Leatherworking and Skinning, as I talk about earlier today as well as yesterday in getting ready for Mist of Pandaria. I believe that farming is most important the start of an expansion and the end.

The Farming Spot: Dragonblight, Northrend


To keep it short, if you look at the map, you can see the red circle in the upper center of the map. There is a cave, which has a bunch of level 72-74ish mobs all can be skin, but what makes this farming spot better than ALL others is that you can farm Jormungar Scales here as well. Those are the easiest leather to level your Leatherworking, you also will get tons of Borean Leather and Scrapes from the mobs. If you’re in a guild with the perk is ideal for farming.

The problem is Jormungar Scale these days are generally limited on the Auction House as no one is farming them. Those that do hit the auction house are just from skinners leveling through and not going out of their way to farm it.

Why is this important?


Simple, you want to stock up on Borean Leather for Mist of Pandaria because you’re going to have new Monks (of all races) leveling and more than likely people are going to take Leatherworking because Monks are leather users (like Druids and Rogues). So in general it makes sense, I’ll craft my own gear.

Just like with all professions there are choke points to where people end up having issues getting a whole of mats to level their professions. As a result they generally don’t want to farm and end up paying outright high prices to get the mats. Such choke points can some times, depending on your server controlled.

Maybe people talk about controlling a market I believe that a choke point are the best markets a person can control. Now Borean Leather is the hardest one to control, but generally the price can be kept up high.

In the time of any new expansion it does pay off to have a stockpile of it, simply because players will be focus on the new stuff. Those who decided to level new mains at the start if they choose Leatherworking. Within the first month they likely will be hitting Northrend content and Borean Leather. If they didn’t take skinning with Leatherworking they will be hitting the auction house.

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Wednesday, 25 July 2012

Tick Tock MoP

So 25th Sept is when we will be able to roll around in Pandaria.

 I’ve got two months before things get crazy or things are going or be crazy for the next two months!

A while back in a discussion on twitter I thought that 4 Million gold may be doable by MoP launch and that is probably still true however if herbs/ores start getting dumped by bots/farmers clearing out Gbanks ready for MoP then that goal may not happen.

I’m closing in on three million and I would love to drop One Million to stockpile goodies for resale at MoP launch.

I currently have eleven 85’s (9 horde and 2 Alliance) it is possible for me to get 3 or 4 more toons to 85 since I have 3 toons above 80 currently but do I really want to quest in cataclysm again is the question.

I have several professions to level up and think this will probably take up most of my time over the next couple of weeks. I am still undecided on which toon to level up first. I thought it would be my Druid with herbalism/inscription but I may level up my alliance DK with skinning/LW first because I think LW could be really really huge in MoP.

With recent changes to pets I’m not really sure what to do, I still think there will be demand for crafted pets come MoP because as far as I can tell you cant catch crafted pets in the wild, even though I did fight a robo squirrel type thing in Winterspring but it was’nt called a mechanical squirrel .

I’m still trying to get over the Rod changes, it made me a real sad panda and it really feels like blizzard are closing some of the areas where those in the know could make a lot of gold, but on a positive note my copper rod sales might go up massively!

My Glyphs plan is to have 20 of each glyph on Horde and Alliance and then stock up on ink. Currently I  only have 20 of each on horde side and around 5k bf ink so there is going to be a lot of milling over the next couple of months.

What are your plans pre-MoP ?

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Tuesday, 24 July 2012

Flashback: Best posts from May

 A chance to go back and look at my most popular posts from May.

The Transmog Gold Making Compilation

I get asked a lot about how to make gold with transmog, this post contains links to several sources that try to answer this question. Now I just link people this post when I get asked this question.

Mining Thorium is better than Elementium?

With demand for gems going down at the end of the expansion this is a great time to look at farming old world materials to make gold. More alts and more profession levelling is going on and there is a much bigger demand for raw materials from previous expansion.

Proposed changes to Rods might reduce the demand for Arcanite Bars but since you require large quantites of these bars to make legendaries there will still be some demand for Arcanite Bars in MoP.

Mists of Pandaria Stockpile Part Two

This post focused on the pet battle system and stocking up on materials to craft Enginnering pets.

New Server Heirlooms by Jamie

A Guest post about acquiring heirlooms on a new realm. Around this time i was starting out on a new realm and had many hours of fun playing my DK in the 55-59 and 60-64 PvP brackets. A very detailed post.

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Sunday, 22 July 2012

Ink Purchase Distribution by Sales?

 I recently read this post Ink Purchase Distribution Calculator To Help You Stockpile by Jim over at Power Word: Gold and it got me thinking about how I would be splitting up my own ink stockpile. 

This breakdown was based on the amount of glyphs for each ink type but I thought maybe basing it on actual sales would be more useful.

Would the results be different or the same?

Then I remembered Twitchie of Twitchie Enterprises posted up over a year’s worth of glyph data : My Ultimate Glyph Performance List

So I put this information into an excel spreadsheet, added in ink types and did some math!

Here are the results:

Interestingly most are very close. The biggest differences are in Ethereal ink and Midnight ink. More Ethereal ink glyphs sell as a proportion of total glyphs and less Midnight ink glyphs sell as a proportion of total glyphs.

Ethereal ink is used to make a lot of DK glyphs, Death Knights are a popular class and because they do not start at level 1 you may buy them glyphs straight away.

This sales data is based on one players results on one realm, but a distribution based on glyphs sold may be more accurate than a distribution based on total glyphs that can be made.

However there is not much in it, maybe stock up more Ethereal ink and a bit less Midnight ink

How is your ink stockpile coming along?

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Monday, 16 July 2012

Five Fast Gold Making Tips : July

1  Vicious Embersilk Cape

A lot of people focus on the chest/legs and they tend to forget about this ilvl 377 cloak

2  Transmog Vendor: Kris Legace

The Saber leggings are very nice and cost less than a gold to pick up.

3  Cobalt Bars, buy ore smelt into bars and sell bars as singles. 

The ore price tends to be a lot lower than the bar price. This is possibly because people think it takes two ore per bar like saronite when infact you only need one ore per bar.

4  Two hand 77-80 weapons are awesome!

5  Buy silver ore, smelt and sell silver bars in singles. 

You need around 20 of these to level up JC, great item to price gouge on.

Check out: Five Fast Gold Making Tips : June 

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Tuesday, 10 July 2012

My Week in Wow and the June Gold Chart

June Gold Chart
What has been selling this past week
Levelling via pvp
Cross faction Herbs

This chart tracks changes in liquid gold in June

The first thing to say is I don’t make a profit everyday, some days I will break even or make a loss. This can happen because of a combination of bad sales and buying  a lot of cheap mats. I am in the scrolls market so I mass buy cheap Maelstrom crystals and try to keep the price above 140g. This increases the sales for my main scrolls Landslide, Windwalk and Power torrent.

There was a time in the middle of the month where liquid gold increased steadily. To consistently increase gold through the lull I have diversified, I’ve gone back into markets I used to be in (Wotlk flasks, low level tailoring/LW). I am using wowuction to try and spot the gaps.

I focus on items with a 0.2 – 0.4 sold per day. I then look at TUJ to see if the item is posted consistently I’ve found some things like mongoose where the competition only posted during weekends. I post every day so I am getting those extra sales.

I get a lot of question about how it is really hard to make gold when really it’s not. You just need to set yourself a target and track your progress. Get the MySales Addon and config it so you see your weekly sales. See where your money is coming from. Set yourself a weekly target it might be 1k, 10k whatever you think is actually achievable.

Use TUJ to see what the busy sellers are doing, most likely the first 1-2 will be into 100% glyphs but look at the rest and see what they are selling and what they are posting, get some ideas!

Snapshot of MySales for this past week

Jim mentioned wildvine on his livestream a few weeks back, I got a few gathering herbs in felwood and they sold within an hour, I will price them a bit higher next time!

I have been pvping a lot this past week on my warrior and shaman in the 80-84 bracket, queue times are around three minutes.

I made a shopping list of herbs I needed to powerlevel 3 alchemists and a scribe, I knew that there would be times I would have to farm herbs because of the quanity I needed, I am looking at you goldthorn / strangelkelp. I went ahead and farmed up the gaps using my tauren druid and yesterday moved them all over.

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Monday, 9 July 2012

Super Niche Transmog Part 2

Another list of items to keep an eye out for

*** transmog_supernichetwo
Spaulders of the unseen
Bristlebark belt
Nagahide pants
Aboriginal loincloth
Celestial Silk Robes
Embersilk Tunic
Emerald shield
Trickster’s Protector
Furen’s Boots
Bog Mantle
Bright belt
Chromatic Sword
Boots of Avoidance

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Monday, 2 July 2012

Making Gold with Herbalism

This past week I’ve been busy getting mats together to level 3 alchemists. I compiled a shopping list and hit the Auction House on horde and alliance but there were some big gaps.

Briathorn, Stranglekelp, Goldthorn

These three items were in low supply and very expensive.

Off I went to Scarlet Monastery: Cathedral with bountiful bags expect around 20 Goldthorn per 5 clears which takes around ten minutes in total. You will also get a little liferoot and any race/class with movement speed increase could do it even faster.

EU TUJ mean price for Goldthorn is 16g

20x16 = 320g in 10 minutes

For stranglekelp check out WPL and 1k Needles.

SM: Cath and WPL are very close so I would advise you do the 5 runs of SM cath and then fly to WPL and herb up Stranglekelp.

For briathorn check out the amazing frozen herbs in Hillsbrad.

I did a post on this area over on The Power Word: Gold Hatchery

With less people around and less stuff you need coming on to the AH look into making gold with gathering professions.  Mining Thorium is better than Elementium?

How do you make gold with herbalism?
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