April Gold Making 2013

 Yesterday I hit four million gold liquid, it has been a month with high sales but also some heavy spending. I got back into pet battles (aka losing many many pvp battles and then throwing gold at it) , I decided to make lots of flasks so that every minute I spend levelling alts in MoP I will be flasked. I got my 10th level 90 and finally got my Monk into Pandaria.

Pet Battles

I got back into pet battles once i learnt about the new "Trainer" title coming in patch 5.3. I decided my 17 level 25 pets was'nt enough and ended up spending around 120k on pets and pet levelling services.  I managed to pick up four tcg pets including a Purple Puffer which is a very powerful pet. 

Trade chat was being spammed with pet levelling services and i managed to negotiate some bulk discounts which basically meant it cost me between 1-1.3k per pet levelled from 1 to 24. 

A slight warning about buying these levelling services is try and find a level 90. I was seeing a lot of level 1's offering the service ( give them your pet they will level it up on their main realm) however if after the trade they delete the level 1 I am not sure you will be able to get the pets back. Also dont pay the levelling charge upfront and dont get tcg valuable pets levelled this way unless you trust the person offering the service.

Warbringers for rep and gold

As I try to make more gold on the opposite faction I have started farming Warbringers again for the rep items. On my Blood DK I can solo them so if I can get online during raid times or very early in the morning I can do a complete sweep where i can kill nearly all the warbringers and a lot of the scouts. The contents of the rare quality bags are worth around 600g on my realm.

I still dont have every SoH recipe yet so this is something I want to complete. As of today I am currently missing all LW recipe on horde side while on the  alliance side all BS recipes.

Golden lotus, Resetting Gems and Pricematch, learnt all gem cuts finally

A few weeks ago I noticed one of my main competitors was price matching me, and so I pricematched back but over the weeks since 5.2 there are now 7 people in the JC market all whitelisting each other which helps to keep prices high and reduces the amount of times I post gems per day.

Taking another look at your "system"

Firstly i'd like to say that if your system requires you to vendor items below the amount you paid for them then maybe you need take another look at your system.

I recently watched a livestream where Jim was vendoring 83-84 greens which he sells for like 300-400g each. His reasoning behind this was he did’nt want them filling up his guild bank so only kept one extra item. 

However if he bought the item why is he vendoring it for 12g? I sometimes have a lot of a specific suffix 83-84 greens I just pop them in the mail and I’ll get back in 30 days. It is highly likely by then I will need more of that item.

Space should never be the main issue in a relatively small market, I know these items don’t stack like scrolls or glyphs but they are not so hard to manage if you use a guild bank or unlimited mail storage.

I myself have 7, 8, 9, 10 copies of the exact same 83-84 green,I know I can post 1 - 2 and drop the others in the guild bank or mail them off.

Everyone has there own “system” but adding in a long term view to your system whatever it is can not be a bad thing. Make it less about what will sell today or tomorrow and more about what will sell this month, next month which is especially true in flipping markets.

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

30 days in gold making 26^th May – 25^th June

77-81 greens and Transmog

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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I want to sell on the BMAH

BMAH  Buying…. And Selling?

Possible introduction of  the Black Market Auction House (BMAH) is very exciting and a lot has been said about the positives and also possible negatives. However might the introduction of the BMAH be a stepping stone to selling BOP items on the AH. With pets and mounts likely becoming account wide in MoP the BMAH might offer a way of using up those additional copies of pets/mounts you have.

Take this example; you roll a new toon and do the horde balloon quest yay! One nice new shiny balloon.. oh wait I’ve already learnt it…  hmm I guess I just destroy it. You think to yourself  “ I wont be doing that quests on my next alt”.

What if you could post your little balloon on the BMAH? You see how this could continue and before you know it we can post up mounts, rare bop recipe and wait for it… quest rewards. You know when you make that awesome set in mogit and hunt down where it comes from and find you did that quest like 4 years ago and vendored the reward and go cry a little. Well now you could buy this item from the Auction House yes!

But they would never do this because if you could buy the mount that drops off the last boss in the current raid then why would you raid?  Well Blizz could just put on a restriction where the BMAH BOP auctions only work for non-current expansion content. So you can not buy that trinket you need for your Ret set, but you can buy that amazing looking transmog weapon from ICC. What would theAH cut be? 15%  like the Neutral Auction House would make sense because at least then some gold is being removed from the economy.

I know everyone has been talking about what info has been released but I started thinking about some of the negative impacts like increased Gold Buying but then started thinking about some positives and possible next steps.

There is no indication Blizz is planning on introducing a posting function to the BMAH but just think about how it would shake up the game if they did.

Another possible side effect of the BMAH is it might get more people interested in gold making. I guess that is going to be really good for the gold making community.

What do you think about the BMAH? Is there a big enough demand for some way of retrieving old 

quest rewards? 

Some of us have been around a while, Blizz give us a way of getting back stuff we got rid of before transmog was introduced.

Mists of Pandaria Stockpile Part Two

 

Making Gold from the New Pet Battle System

1 Pet Battle System

Types

2 Enginering pets

Crafting Pets today to save money, raw mat prices can change due to inflation and changes to drop rates.

Farming Choke Point mats.

3 Other BOE Pets

Geode pets , looking for pets that you can farm that cover all the types.

Cheap Raptors

DMF Frogs Stockpile

1 Pet Battle System

I am really excited about the new Pet Battle System

It’s been a while since I played Pokemon but from what I remember having varied pets to call upon was what won you most battles. Going in with for example all fire pets was very risky.

This means even though a good mechanical (engineer crafted) stockpile is still a good idea you may want to look at other options to diversify your stockpile across more pet types.

Beast

Critter

Dragon

Elemental

Flying

Humanoid

Magical

Mechanical

Undead

Water

2 Engineering pets / choke point mats.

By pre-crafting or at least buying the materials now we can reduce the impact of inflation. Buying items at today’s price but selling them at tomorrow’s inflated price. If demand for these pets goes up then it might be harder to find materials let alone cheap materials. They sell for good profits today and they’ll sell for even better profits in the future.

I decided to mass craft some Engineering pets I watched the price of mats and tried to buy them in bulk when they were at the lowest point.

 You can use this Auctionator Shopping list for rare items.

*** Engi Choke Mats

Globe of Water

Heart of Fire

Living Essence

Rugged Hide

Core of Earth

Essence of fire

This is the shopping list for the more common items:

*** Engi Common Mats

Copper ore

Copper bar

Iron ore

Iron bar

Gold ore

Gold bar

Mithril ore

Mithril bar

Truesilver ore

Truesilver bar

Thorium ore

Thorium bar

Elemental Earth

Elemental Air

Runecloth

So you can do a few things:

1)     just stockpile Choke mats ready to flip in MoP

2)     stockpile all the mats for the toad and other pets

3)     Pre-craft everything and start selling it all now, more Demand when MoP launches but also likely to be way more competition in the pets market.

Wow players like to be rewarded, there needs to be some rewards for participating and being successful in the Pet Battle System. The Popularity of Pet Battles will largely depend on how much time/effort Blizzard put into it. I would love to see a ranking similar system similar to Arena’s with titles and other rewards. Hopefully they don’t add an overpowered pet that drops from the last boss of a raid or something.

3 Other BOE Pets

Timing is everything

What are the chances MOP will be released when the faire is in town? Frog box stockpile? Definitely something to think about once a release date for MoP is released

Geode pets have been mentioned a lot in livestreams/podcasts and I also think that if you can get them cheap grab some. In MoP only those levelling professions will go back to cataclysm zones to mine. Geode pets might still show up on the AH but the frequency will be greatly reduced and they will be a lot more expensive.

 The first one that came to mind for me was raptors; they can to an extent be farmed up and can be bought very cheap. A cheap raptor may have the exact same abilities as an expensive raptor.

What pets are you going to flip in MoP?

Check out Getting ready for Mists of Pandaria: The MoP Stockpile