Milestone: Two Million Gold

If you follow me on twitter @TheOvercut you’ll know I hit two million gold about a week ago. It took me a little while to figure out exactly what to write, an initial draft did just have Transmog written 50 times.

4.3 and being patient

Transmog Transmog Transmog

Engi pets

Flipping crafted items

77-81 Greens

Fortune cookies / Mysterious Fortune Cards

Enchanting Rods

Mysales for the last 7 days

Where could I improve?

What does the future hold?

4.3 and being patient

My patch day was’nt the most exciting I chilled out in consortium IRC and  made glyphs. On my realm  too many people went into a frenzy of undercutting resulting in inferno rubies falling below the pre-patch price. This was a big signal for me to get out, I cancelled all my red gems and stumbled upon some 7g whiptail. On patch day in the mad rush I spent my time restocking glyphs and selling a few transmog items. A week after patch and everyone’s supply was drying up. I stepped in and made a lot of money in Gems/Scrolls/Transmog. I remember on Thrusday morning about a week after patch looting 100k from mail box in overnight sales it was crazy.

It was risky because for all I knew days after the patch we would be swamped in cheap ore and gem/scroll prices would drop sharply. I rolled the dice and decided it did not make sense to sell things for less than the pre-patch price when there was such a huge demand from a massive influx of easily acquired new gear.

Transmog Transmog Transmog

I made most of my money from transmog. I know big shock right lol. Well I got into the market early and I think it is the best market to make gold in. Now I have ventured to other realms EU and US and seen it has been very difficult on realms where there is already heavy competition. My experience I guess is the flipside to this I am the main seller, the big cheese.

I’ve been averaging around 50k/week profit from transmog for the past 6 months. Now considering I post my items for 48hrs and there is no crafting time and just reposting time it is a pretty amazing way of making gold.

I did’nt want this post just to be about how awesome transmog is doing on my realm so I decided to look back at some of my screenshots and sales and see what else I’ve been selling. If you want to read more about my succes with transmog check out Transmog: One Realm One Million Gold Profit .

 

Engi pets

Low mats cost, not every engineer has every recipe. Most of the crafted pets have choke materials that you can control keeping the quanity low and price high . This help to make this a very nice market, I might only sell 1-4 pets a day but when they are selling for like 10-15x mats cost I’m cool with that.

Flipping crafted items

Basically any crafted cataclysm item if it is dumped below mats cost then you should buy it and flip it. Jim has mentioned Savage Cloaks on his livestream many times and some of the tailoring items,  for my realm I don’t tend to see many tailoring items but I see a lot of the LW and BS items. When you see one guy post 15 savage cloaks for really low like 20g grab them. When you 9 Obsidium shields for 19g grab them. When you see low level LW/BS items like light leather pants posted below the DE cost grab them, flip it or disenchant and make your profit.

77-81 Greens

Jim & Gimp talked a lot about this market and I got into it and saw some good results. With a little experimenting I found that certain 81 items moved albeit slower than 77-80 items. Now I am a bit better expereicend with this market I can tell you pretty much any slot item from 77-81 sells. From Rings to fist weapons to items with the Beast suffix it all moves eventually. I have competition in this area and I can see using tuj sometimes a buyer will buy some of my items and some of my competitors because they are looking for a particular suffix or because my competitor does not have an item for that slot available. So a buyer might spend as low as 99g on  a pair of level 80 gloves but will pay 250g for a belt.

I have in the past week raised my prices after reading a post over at phatlewtsgold.net. Instant Gratification 

I saw the level 77 green prices were so high! So I bumped mine up and overall I am getting fewer sales but I am ok with that because I am making more profit per sale With D3 I’ve seen a pretty big drop in the number of these 77-81 items coming onto the Auction house to the point where I have had to increase my buying price.

Fortune cookies / Mysterious Fortune Cards

I never really got into barking MFC’s as there are already 3-4 players that bark them I just let them do the work and I price match. Sometimes though I see MFC very close to the ink cost (whiptail/6 or cinderbloom/5). In these situations I will buy out cheap cards and turn them into Fortune cookies. I find that there is a lot less competition in cookies compared to mysterious fortune cards.

Enchanting Rods

You’ve probably heard a lot of gold makers say get into rods, it is a market that has been around forever and you can make a lot of gold in this market. At this time in the expansion where people are moving away from mains towards their alts the enchanting rod market is amazing.

Mysales for the last 7 days 

Where could I improve?

I might not be the most efficient gold maker. When I say that I mean I don’t have the greatest process, I don’t generally buy things every day. I’m more of a when something is about to run out  I will stock up on mats for a week then do a massive crafting sessions so I have enough finished items to keep me going a couple of weeks. A good recent example is when I crafted 100 Arcanite rods. They’ll all sell over time and I don’t have to craft another bunch in a week’s time. I really want to get more out of TSM so I am in the process of setting up my entire Alliance operation using TSM.

What does the future hold?

I feel like I’ve been on auto-pilot for the past month or so, I am really looking forward to some new ways of making gold in MoP.

I have not really done anything special lately, just the same sort of stuff over and over again. As of writing this I am at 2.1 Million Gold. I post the majority of my items for 48hrs and rarely cancel auctions. I’ve spent the deposit fees so I want to get my money’s worth even if there are like 10 other items below mine.

I will continue levelling my alliance alts, it has fun to do some of the new cataclysm quests. I have tended to level via pvp/lfd mainly on my horde toons. I did this on a few of my ally toons but it can be nice to take a break and do a little questing maybe stumble upon some rare spawns with nice loot.

 

I am also very excited about coming up against some new competition. If you play the Auction House a lot you tend to bump into the same names over and over again. A new Auction house is always interesting, trying to find the gaps and bump into some new people.

Probably the biggest tip I can give you as someone looking to make gold in the world of warcraft is to get involved in the community, get on twitter, reddit, check out blogs/ livestreams / podcasts.

Big thanks to Keelhaul, Jim, Cold and everyone in the community keep being awesome!

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