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

Transmog

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.

Transmog

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 25^th 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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Guest Post : Borean Leather Farming by huntermastery.com

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.

 If you would like to see more please be sure to Subscribe to our RSS Feed and YouTube Channel and like us on Facebook. You can also follow us on Twitter @HunterMastery. Thank you for reading and if you have any questions please feel free to leave us a comment or you can always e-mail us.

Tick Tock MoP

So 25^th 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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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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