Showing posts with label TUJ. Show all posts
Showing posts with label TUJ. Show all posts

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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Sunday, 22 April 2012

Prospecting: Iron Ore


Obsidium, Elementium and Pyrite are not the only ore you can prospect for profit.

It took me a week to buy one hundred stacks of iron ore. You can farm lots of Iron ore in Ferales.


Source: wowhead

This is the resulting amount of uncommon gems after the prospecting. It will take some time to sell all these but with lots of people switching from their mains to levelling alts and professions I hope to sell them all over the next two weeks.


Results of Prospecting 2000 Iron Ore:

158 jade
144 lesser moonstone
139 citrine
22 star ruby
18 aquamarine





Using Tuj EU mean data

Jade 12.77
Lesser moonstone 2.96
Citrine 12.12
Star ruby 8.73
Aquamarine 8.58
Cost of Iron ore mean 38.58g/stack x 100 stacks = 3858g

Jade = 2017.66
L.Moon = 426.24
Citrine = 1684.68
Star ruby = 192.06
Aquamarine = 154.44

Total value = 4475.08
Potential profit = 617.08 Not great profit



Using my realm data

Took me a week to buy 100 stacks because I only bought ore that was below 14g/stack.

Cost is 14 x 100 = 1400g

Jade = 2370
L.Moon = 403.2
Citrine = 695
Star Ruby = 129.8
Aquamarine = 113.4

Total value = 3711.4
Potential profit = 2311.4 Nice profit from 1400g investment.

What you might want to look into doing :

Farm iron ore, sell it raw
Farm iron ore, prospect ore, sell gems
Buy iron ore, prospect ore, sell gems

Keep an eye out on the price of iron ore and these gems. Use this Auctionator shopping list to get a snapshot of what is going on in this market on your realm.

*** iron ore_Gems
Iron ore
Jade
Lesser moonstone
Citrine
Star ruby
Aquamarine

If you go to TUJ -> Enhancements -> Jewelcrafting scroll down to the bottom and you will see a Prospecting Value table which can give you a good idea whether this is worth doing on your realm.