Tuesday, December 29, 2009
The Great Arrow Debate
I'm not really for or against misleading people on the auction house. I see this whole arrow debate as kind of a wash. It's no worse in my opinion then posting ice cold milk for 1g when the vendor sells it for a few silver or something. The buyer didn't know what was what, and because of this they are paying for it. I don't really care about the ethics involved as WoW is a game, and the bank alt selling the item is anonymous. I've also always used my main to post auctions, until today as well.
My plan was to see if this unethical arrow pricing is even worth it. I purchased one stack of 1000 ice blade arrows for 20g. Already on my AH there were people listing stacks of 100 for 20g. I split the arrows up and undercut everyone by a few silver. I waited.
About 12 hours later there were no purchases. Undercutters had gotten the best of the market and stacks of 100 arrows were selling for 5g. Still a good profit, but not 1000%. I undercut again, and waited. 6 hours last my arrows are listed at 4g per stack of 100, and the lowest on the AH, and still no buyers.
It appears people have either become hip to the scam, or no one needs arrows. Is this scam even worth it? In my opinion .....no. I like to move things. I like to sell everything I post, everyday. I don't always sell 100%, but 0% of my postings sold isn't worth it. The only way I could see this working is if someone purchased 1000 arrows f0r 20g, and everyday they just kept posting their 100 stacks at 20g and no one undercut them. Eventually they would sell and the seller would be up 180g. 180g can be earned in much easier, less scrupulous ways. Lets not forget 180g can be earned be earned much quicker in other ways too. Who wants to keep posting the same auctions until they sell? Not me.
One Time Money Maker!
I personally stopped PvP during the BC. I've only purchased one item ever with these Stonekeeper shards. If your like me, chances are you have a stockpile of these shards and don't even know it. Through my 4 80's I had enough shards to purchase over 90 of these things. That's 180k honor, or 18 epic gems. I cut 18 Solid Mygestic Zircons. I posted 10 of them last night and they all sold for slightly over 200g. Market low price was about 226g. I posted the rest today and hopefully they sell as well. All in all it's almost like getting 3600g for free, since I have no use for honor.
While Stonekeeper shards aren't worth farming, if you have them already, and aren't in need of honor they are a great way to earn some extra gold. I'm lucky to be on a server where my faction controls wintergrasp most of the time. I will be running a lot of random dungeons in the future and will probably have another stock pile to cash in with in a few weeks. No farming, it just goes hand in hand with running dungeons.
Wednesday, December 23, 2009
A reply.
I got to interject here, why bother trying to control a market? I'm making a lot of gold per day simply channeling a variety of different items into the AH. Flasks, Dragon's Eye, Epic Gems, Titansteel bars, Titanium, Herbs, Ore, Ebonweave, Spellweave, Moonweave. Basically everything that takes advantage of my professions.
I normally post small amounts of items that are undercut by a few gold. Posting too many of a certain items drives undercutters into a rage. I'd really prefer my competition to not see me as a threat. There is no point in going to war. At the end of the day I'm still making a ton of gold. With that said, I do agree attacking the source of a specific item is a good strategy in attempting to control a market. It isn't fool proof though, as your competition may have a reliable farmer, or may have a stockpile of mats, or most commonly in the WOW AH game .....not really care if they turn a profit or not. A lot of AH undercutting is really just ego. I've seen prices for items go from a huge profit to well below cost of mats because two players want to prevent their competition from selling. This kind of "market control" is pointless, and futile. Even if you knock your completion out, there will always be new players as getting into the WOW AH game takes no real risk. It doesn't even take capital if you get lucky, and are smart.
Bottom line. I'm happy with the gold I'm earning per day. Even with all the new gear I've had to gem and enchant, I'm still banking 1-2k per day. I don't wish for the lion’s share of the pot. Gold (as well as real money) is really pointless once you get to a point. I’ve never seen anything sell for over 20k, so if you got 40k you have enough for anything x 2. It’s like being a millionaire while still being concerned about making more money…..although I do find it fun to horde gold, so it’s not completely pointless for me. Perhaps I have a mental disorder.
Friday, December 18, 2009
ICC 10
Lord Marrowgar:
This boss was very easy to tank, and seemed to pose more of threat to healers/casters as they need to stand still. Tanks stack up on each other to mitigate his saberlash (20k dmg/2 tanks = 10k per). For the guild, this fight was a joke. I'm sure PUGS could down this guy pretty easy too. I'm guessing this will be on of the up coming weekly raid targets.
Lady Deathwhisper:
This boss was also a push over. I was really warry after reading about this boss. It seemed there would be a lot of stuff to pay attention to. There really wasn't in 10 man, perhaps in 25 man this is more difficult.
Gunship:
Awesome. Easy as cake, and completely crazy. I think it would be hard to fail this, but it is still fun.
Deathbringer:
This was the only boss that causes a wipe, but only once. He hits hard will hit harder if you don't kill him. Balls to the wall DPS on this boss and no more then two healers should be okay.
I like my new gig.
1. Epic transmute Majestic Zircon - > crafted into a Solid Majestic Zircon.
AH cost of mats:
5g - Sky something or other blue gem.
12g - eternal air.
Total: 17g.
AH sold price: 228g.
2. Titansteel bar x 3.
AH cost of mats:
4g - eternal shadow.
5g - eternal earth.
78g - titanium bar - 3 bars, 26g each.
22g - eternal fire.
Total: 109g x 3 = 327g
AH sold proce: 156g x 3 = 468g
Total AH price for mats: 344g, total gold earned: $696. Total profit: 352g.
It doesn't look so good on paper. Here is the thing, even though the Titanium bars are on the AH for 26g, they only cost me 10.4g considering the price of saronite ore is 13g. I then make bars and transmute. One might say I'm better off transmuting bars and putting them on sale. Well I do that too. Let's just say it gets to a point where I can't sell them all, and at 26g they pretty much just sit there. At 20g, they move, they move quick....and I'm still making a profit on them. With this in mind I actually only spend 62.2g per titansteel, which makes my profit 93g per bar, or 279g for all, and I'm making 507g for that day just crafting cool downs. Remember to diversify. If I spent all my money transmuting just titanium bars I would never sell them, even though based on the above numbers the titanium would make more profit then the titansteel.
My alts are already stocked with the mats, these cooldowns literally take 10 minutes or less to finish them all and post them. It's great gold per hour, but it is limited. Aside from that I also have a few titanium bars, and a few flasks few sale. The flasks I needed to pay for the mats, so they aren't as much fun to sell anymore.....but it beats farming.
Thursday, December 17, 2009
Status update!
Right now I have three characters capable of crafting Titansteel bars. I will be making three per day. This will make some pretty good gold on it's own. Along with my transmute for an epic gem, and selling a dragon's eye from the daily jewelcrafting quest, and the cloth C I should be making 500-750g per day just doing cooldowns.
Right now I'm back to 33k gold. I've been really slow lately earning gold. I'm spending way too much enchating/gemming new gear for my main and alts, and I'm spending almost no time earning gold because I'm always playing. On the good side I have gained 2k gold and not lost any in the past few weeks due to all my enchants/gems. I'm still on the up and up. Once I have stopped getting new gear I'm sure I'll be earning and keeping 1-2k per day.
Monday, December 14, 2009
Status update!
Saronite ore -> Titanium. Worked very well. For the first couple of days the price in titanium didn't drop. I sold most of my stockpile at 30-35g a piece. Eventually people caught on and now titanium goes for 18-25g. Still a good profit margin. Unexpectedly the price of Saronite ore hasn't moved. I'd imagine all the demand would drive prices up, but I guess the farmers just have so much in reserve it didn't make a difference. I'm through my Ore stockpile of 1000 and I purchased another 1000 and that's all sold now too. I made a ton off just converting ore, to bars, to titanium bars. WHO THE F**K IS USING ALL THESE TITANIUM BARS?!?!?!?
I told my guild about my scam, and now they are sending me bars to transmute. The AH has become silly with titanium and it needs to end soon because I don't know where all this titanium goes. Three per day to make titansteel, okay. What about the rest? It is still at 18g per bar at it's lowest. I'll keep making it until people stop buying.
Another major payoff was flasks, I sold a TON of flasks patch day. The week was ripe with undercutting. The demand was high, but the supply was higher. I had to post only a few at a time as to not catch the eye of under cutters who will remove their entire stock and repost if there is more then a few items between them and the top of the list. It worked.
My major money maker has been herb farming and flasks, sadly I'm giving up herbalism to take up mining on my main. I want the stamina buff. I will grab herbalism on an alt however, it might be a while. I'm having so much fun with 3.3 I don't even bother farming right now.
Monday, December 7, 2009
Status Update!
Had I planned this out better I would have purchased pre-made Saronite Swordbreakers from the AH going for 2k. It seems someone just wanted to get rid of them.
Status: 32k, and ready for patch 3.3. I have a bank full of herbs, lotus, saronite ore, and gems. I have a small stockpile of gems I equip for when I get new gear. I don't want to purchase off the AH at inflated prices. If I don't use the gems, then I will put them up for sale. The next few weeks will be exiting. Hopefully I can get back to 35k before the weekend.
Preparations.
Apart from flasks I've also stock piled saronite ore (STOCK PILED, 500 bars worth). I didn't intend to buy SO much ore, but the price was so damn good this weekend (around 13g). I plan to convert most of this ore into bars, and then into titanium. Patch 3.3 is dropping the cooldown on transmute: titanium, no cooldown at all. I spent around 650g (50 stacks x 13g) on the mats. This should result in 500 saronite bars. 500/8 = 62 titanium bars. Titanium bars currently sell on the AH for 35g. I don't expect this cost to stay at 35g, but as long as titanium stays above 20g, I'm going to do well.
I wouldn't be completely shocked if the price for titanium bars sank to 10g. I left everything in ore form just incase this plan falls through. I can still prospect the ore. Hell, I could just vendor the bars and barely loose any money on this. I kind of wish I bought more, but the AH price did end up at 16g per ore stack, so I stopped buying.
Diversify yo bonds.
I had a long weekend playing WOW. I farmed a lot of herbs in anticipation on patch 3.3 hitting this week. I farmed herb, because my main method of earning gold is farming herb, and selling flasks. I do a lot of "side" jobs (see the "flipping" post below). It's good to diversify. Spending all your time doing any one thing is bad. Not only would I go nuts if all I did was farm and flask, but the flask market can only take so much. Every Flask I put on the AH lowers the value of all other flasks.
The more supply, with a constant demand: it isn't reasonable to assume anything other then the price for flasks to go down. So the prices went down, it's a good thing I'm diversified.
I only deal with Flasks of "Endless Rage", and "Of the Frost Wyrm". Stoneblood and Mojo are a waste of Frost Lotus. When I mention "Flasks" I am only referring to Rage, and Frost Wyrm. When I started to heavily "farm and flask" two months ago, the price for flasks was steady at around 30g. The price over the last few weeks has tanked down to 20g. Not fun, and almost not worth my time. The price of Frost Lotus went down from 38g, to 33g. Normally when the bottom drops on the flask market I just put my mats up for sale. This time, I've horded them for the patch. I'm not a fan of hording, I'd much rather have empty bags and no risk, rather then a bag full of mats which may or may not sell for more then I could sell them now for.
Flipping!
At this point I would also check the price of Dream Shards, and gems. It may be wise to covert the Ore into bars, send them to my blacksmith to make BOE blues which my enchanter can turn into Dreamshards. Dream shards go up on the AH. It may also be wise to just prospect the ore and sell the gems. The key is getting Ore cheep, and having Dreamshards, and Gems being expensive. This isn't always the case, but every once in a while it all fits together for some good profit.
Another great flip: BLUE GEMS. Cut blue gems vendor for 4g 50s. On my server, most blue gems on the AH sell for around 6-8g. Forest Emerald cuts, on the AH sell for between 2-4g. I'm not sure why, but it's a quick way to make a few gold. It's worth checking, but I don't count on it.
Bottom line, just check prices for various mats, there is always a good chance you can make some quick gold when AH prices have become desperate. Don't expect cheep AH prices to last, as patch 3.3 may hit tomorrow, and then gems, scripts, flasks, enchants.....they all go up in price. I'm personally stocked with mats, and waiting.
Thursday, December 3, 2009
Status update!
A breakdown on my characters, and professions:
-80 Protection Pally(w/ ret off spec) - main - 450 Alc/Herb.
-80 DPS DK(w/ off frost tanking) - 450 Blacksmith/Mining.
-80 Mage - 450 Jewel crafting/Mining.
-80 Warlock - 450 Enchanting/Tailoring.
Having access to 5 different crafting professions is great for earning gold. I highly recommend level 70+ alts just to have access to the various cool downs trade skills give. In my next post I'll discuss one of my favorite methods I've used to earn some quick gold using more then two professions.
Why no Inscription?
The Inscription market is over saturated. Everyone and their mother has a script, they are all currently crafting ‘Glyph of sap’ in an attempt to hit it big. Inscription also takes a lot of set up work. Level to 450, learn all the glyphs, and other recipes. To be super profitable, Inscription requires a lot of sales. A lot of sales requires a lot of time at the mail box, and at the AH. It requires a lot of time milling, and crafting. Luckily there are a lot of add-ons to help with this process, but it still means a lot of time when you can’t play WOW. It’s fine if you are going to sit next to your PC and watch a TV show, but to each their own. There are other ways to make gold so that’s what I wish to explore.
Wednesday, December 2, 2009
You said WoW gold was fake, right?
WoW PVE gets boring as hell sometimes, and I’ve noticed I actually enjoy playing AH games. I enjoy crafting, and gathering (at times). I really like finding good deals on mats, and hording them until it is a good time to sell them back, or turn them into flasks, gear, or enchants. Ya see I have four level 80’s, and they all have maxed out professions finally. I spent a lot of time, and TONS of gold leveling them all. It is time for some payback. There is one last reason for my hording, and it’s not instinctual behavior passed down from ancestors that probably resembled more of a squirrel than a human.
Cataclysm is coming. I want to be well prepared for all the new gear. I’ve never really had a lot of gold, and it always held me back from really min/maxing my character. At level 85 I’m shooting for the best of the best in everything. This will most likely be the last WOW expansion that I’ll be excited about. I’m starting a family soon and I probably won’t have a lot of time after Cataclysm. I’m going to enjoy fully, while I can.
Lastly, there are lots of ways to earn gold while not taking up a large portion of your time. I only mess around with the farming, the ah, or trading for about an hour per day. Sometimes a lot less, sometimes a little more. For the small time investment, you get a big return. Much better then grinding dailys, or farming ore, or killing hogger over and over.
Tuesday, December 1, 2009
Greetings
Welcome to my first post. I’m a long time WoW blog reader (Tobold, Gevlon, My 2 Copper). I’m writing this mainly to speak my voice on WoW, and how to acquire precious Azerothian gold. I’ve been playing WoW for about 3 years on and off. In 3 years I’ve never played with the intent of accumulating a large supply of gold. Let’s face it facts: Azeroth is fake, and Azeroth currency is just as fake. I’ve never had an interest in fake gold, while I surprisingly have an interest in fake gear, and power (wow levels). With that said, why do I suddenly have an overwhelming urge to horde golden pixels?
In my next post, which will be my first real post (as this is just a quick introduction); I will explore why I want to accumulate WoW gold, and why you should too if you are a casual, or hardcore player. Most of my posts will be about what I’m doing to acquire gold, and what is working the best. Keep in mind every server is different so nothing will work 100% of the time, for 100% of the players. I do hope to get some good feed back on my methods (that is if anyone is reading this). One thing you will not see here is ways to acquire WoW wealth using the Inscription profession. I’ll have more information and why I’m not going to be writing about Inscription in my second post. The title of my blog specifically shows my distaste for Inscription but I’ll really need a few paragraphs to explain. There are a lot of other ways to earn your share, and that’s what “Gold with No Scripts” is all about.