Sunday, September 26, 2010

Update on the Blog


Just wanted to make a quick post to everyone about the status of the blog this week. I've been working 12 to 15 hour days trying to complete a nightmare of a project at my work. For those of you that work in I.T. you will understand that something always seems to go wrong.

So with that said I haven't been able to write any scheduled posts the last several days because there has been no time in my life to do so. I actually used up all my backup posts this week that I normally keep in case I'm out of town or if I'm busy. The project ends tomorrow so I can begin working on new content again.

Thanks for checking in.

Friday, September 24, 2010

RP Gold with Formal Dangui



Get the gift that soo many role players want this Winter Veil, the Formal Dangui! That is if you are lucky enough to catch this being spawned on the vendor. This is a big ticket item that can sell for thousands on an role playing realm and still sell for a good amount on non RP realms.

The Formal Dangui is a common chest piece that is sold by the vendor, Geenia Sunshadow in Moonglade. This item is extremely rare and has been guesstimated to have 1 to 2 month respawn timer. Now that makes it extremely rare and highly valuable.

So what does it hurt to have an alt camped there in Moonglade? I have my low level druid camped right next to the vendor so I can log in and quickly check. If you want a character to easily get to Moonglade you can level a druid to 10 then purchase the teleport to Moonglade spell.

Now I have not sold one of these personally but these items do sell, especially on RP realms. When I do obtain one I will sell it for thousands of gold. I think there should be no problem selling one of these for 1k to 2k gold on a regular realm. On RP realms the Formal Dangui can sell for several thousand gold. Don't believe me? Do a search on google about this item, there is posts on realm forums of players looking to buy this chest piece for thousands of gold.

So for the chance of logging in a couple times per day on your alt to find this item you could open up the chance for a huge chunk of gold. I would suggest selling this in trade chat detailing how rare it is plus you can avoid the big auction house fees as well.

Thanks for checking in!

Image from wowhead.com

Thursday, September 23, 2010

Big Profits Reselling Throat Piercers



This is a great method to make gold off the twink community and a even better method if you can sell these on the alliance side. Throat Piercers are a horde only vendor item that is the best throwing twink item for 19 and 29 rogues. You might even have some warriors buy this item if they can't obtain a throwing item with strength.

Rare and Valuable
Throat Piercers are a rare limited supply item that has a random spawn timer, but usually only a few hours, on the vendor Eralen in Tranquillien Ghostlands. Since they are rare you can resell these for 50 to 100 gold depending on your realm's demand. These will sell for much more on the neutral auction house since these are horde only. I have an alt camped at this location so I can always pick these up each day.

Picking up for Alliance
There is a way to get this over to alliance but it does require two accounts. You can create a death knight on horde side then run them over to this vendor, buy the item, take it to the neutral auction house, buy it with your second account on alliance or have a friend buy it for you.

Thanks for checking in!

Wednesday, September 22, 2010

Sticking to a System



Just like making money in real life you have to work hard and find a system that works. I'm not talking about a dead end job but actually being your own boss or finding an income that can be very flexible to work around.

Finding a System
The same ideas can be applied to making gold in WoW. Every realm is different and every realm varies in populations. But regardless of those facts you can make gold on any realm. Let's say for example that you make a steady income just flipping items on the auction house compared to professions on your realm. Then that is a system that works for you! You may find reselling vendor items on the auction house is very lucrative so you make an easy profit in doing so taking you to financial freedom in WoW. You never have to worry about raid repairs or paying for item enhancements ever again.

There is many different techniques for making gold and several of these methods work really well but that doesn't mean that they will work for you on your realm. You will need to test these methods out and find the one that works best for you. I make the majority of my gold from inscription and jewelcrafting but I only dabble in enchanting markets because there is just insane competition on my realm. Why waste my time getting frustrated with enchanting when I can make ridiculous gold in the other two markets? If I get some revenue from enchanting then great! Just more to add to my pile but I don't put all my effort into that market.

Questions for Comments
What markets work best for you? What issues have you encountered on your realm? Any methods you've read just flat out fail on your realm?

Tuesday, September 21, 2010

Admiral's Hat - Tailoring Gold



The Admiral's Hat is an old school money maker for tailoring because the mats are easy to get. Typically this hat can sell for 40 to 50 gold each and mats are cheap unless there is no elegant long feathers on your auction house. Most players have no idea what their real value are so they will put them up for nothing but in the case that there is no supply you can farm Gryphons in the Hinterlands. If you happen to be leveling and pick these feathers up, resell them for 6 to 8 gold each.

Now the only sticker is getting the pattern since it's a limited supply item, it's found on a pirate named Cowardly Crosby in Stranglethorn Vale just south of booty bay on the coast. The item has a 2 hour spawn timer so you may have to camp this vendor to get a hold of the pattern. Even if you're not a tailor you can pick this plan up and resell it for 40 to 100 gold easy.

Players are always wanting to look like pirates and this is a big piece of the wardrobe and any auction house player will not want to do without(If they are over lvl 43). So always expect a demand on this item for some easy gold. Try advertising these babies in trade chat for some quick sales!

Thanks for checking in!

Monday, September 20, 2010

World PVP, ah, those were the days


Today is one of the rare times that I deviate away from gold making and talk about another subject in WoW. I was digging through my archive of screenshots on my PC and I found one from about a year ago that brought back some great memories of world PVP.

pvp


The screenshot above is an image of myself and my guildies where we had just killed everyone with a pvp tag in Ironforge. Years ago our realm was alliance heavy but things have changed, there is hardly anyone on alliance anymore. So we did the right thing by showing up at 9pm to represent!

For someone like myself who has loved world pvp I have been slightly unhappy the direction WoW has taken away from World PVP over the years even though there was some half hearted attempts to bring that back in WOTLK. I hope there is some new world pvp areas in Cataclysm but probably it will be as lackluster as wrath.

Wintersgrasp is a cool zone but it still has that battleground feel, I guess nothing beats an epic fight at a town or the feeling that you pissed off the whole area and they have to call for help. Then seeing 20 level cap players fly into a zone all at about the same time to defend our attack. That was the days. I love nothing more than this scenario where you are only fighting for pride, fun, and maybe because you enjoy frustrating other players. No rewards either, just good ol' pvp.

Questions for Comments
What was your most memorable pvp moments? Do you miss classic world pvp?

Sunday, September 19, 2010

Make Easy Starter Gold With This One Tip



I always see low level characters in capital cities begging for gold or sending tells asking for a few gold, so I figure this would be a great topic to address. This won't make you rich but this will for sure help you buy your talents, low level gear, and any other goodies you want.

What we are looking to do is flip a vendor item in your capital city. We want to get to the nearest fishing supply vendor, Shanky in Orgrimmar or Catherine Leland in Stormwind. We are wanting to buy the item Strong Fishing Pole. This item costs 9s but we can easily resell it for 10g or more, I've had it sell for 20g!

Why This Sells?
What makes this item so valuable is because it is a limited supply item, but you should have no problem picking one up off the vendor, and because it has +5 to fishing skill. Players will lookup on the auction house for anything to boost their fishing and 10 to 20 gold is drop in the bucket for most players that are level capped. It may not resell quickly but normally it will sell throughout the day, so a few hours. You can rinse and repeat this process to keep a stream of gold coming in while you level so you can keep upgrading your gear. By the way! There is NO competition on the auction house for this item.

Thanks for checking in!

Saturday, September 18, 2010

Alchemy Recipe Resell Guide



I'm always looking for easy ways to make gold and flipping plans or recipes is as easy as it gets. Here are a few recipes that you can buy from vendors for a decent profit.

Great Rage Potion - buy for 25s, resell for 10g+
Vendor: Hagrus, Ulthir

Frost Oil - buy for 20s, sell for 25g+
Vendor: Bro'kin

Major Mana Potion - Buy for 1.50g, sell for 25g
Transmute Water to Air, buy for 3g, sell for 25g
Vendor: Magnus Frostwake

Shadow Oil - Buy for 15s, sell for 15g
Vendor: Bliztik, Montarr

Transmute Mithril to Truesilver
Transmute Iron to Gold
Transmute Arcanite
Philosopher's Stone
Nature Protection Potion
Vendor: Alchemist Pestlezugg
Sell: Most of these items sell for no less than 20s. Mithril-truesilver is a limited supply item so you can resell for 50g. The remaining plans will sell for 25g.

These are all great ways to make gold, especially if you are limited on capital to invest in professions on your realm or great low level gold for a new character.

Friday, September 17, 2010

Reset Markets After A Crash



If you've been working jewelcrafting you probably know all to well about market crashes, especially this close to Cataclysm. I've talked to several players that have quit jewelcrafting all together till the expansion hits. On my realm I've seen some fairly large swings in jewelcrafting markets where my most profitable cuts are just about worthless. Luckily for me I was able to sell off most of my gem stockpile so I didn't take any losses. Now I work with small piles of gems to meet the low demands without taking a huge risk.

Reset Markets to Raise Profit Margins
Now there is always a risk that this could backfire on you so I'm giving everyone fair warning, but normally this will not be the case so I still consider it a low risk option if it is on the table. Because the competition has been bailing I've noticed that supply for certain cuts run fairly low, enough to reset a market. For example, Bold Cardinal Rubies may have crashed down to 83g each but there may only be 5 or 6 left on the auction house at or near that price. You buy them all up and repost a couple at 179g. By invoking this method you have essentially manipulated a market, created scarcity, and widened your profit margins.

By resetting the market it will take a while for prices to drop back down to where they were so it gives you plenty of time to make some great profits. Players are still willing to buy cut gems for 179g as I sell them all the time after a reset. This may cause a feeding frenzy with your competition but as I said earlier there should be less competition to deal with as many have left the market.

Questions for Comments
Do you currently reset markets? Have you been using this method with the recent market crashes?

Thursday, September 16, 2010

Thoughts About Currency Changes



I've been doing some thinking about the upcoming currency changes in Cataclysm where honor and badges will be exchanged into gold or justice points. I'm going to be thrilled to finally see those old badges of justice turned into something I can finally use.

Blizzard's Math
The following items are immediately converted to gold:
Emblem of Heroism = 5.5 gold each
Emblem of Valor = 5.5 gold each
Emblem of Conquest = 5.5 gold each
Badge of Justice = 1.833 gold each

Your New Honor Points total will be the sum of the following amounts:
Old Honor * 0.024
Old Arena Points * 0.85
Battleground Mark of Honor * 2.976
Wintergrasp Mark of Honor * 19.08
Stone Keeper Shard * 1.6
Venture Coin * 3
Spirit Shard * 1

Your Justice Points total will be equal to (Emblems of Triumph + Emblems of Frost ) * 2.75

Again, the softcap for both Honor and Justice conversions is 4000 points. This means that if a character converts to above 4,000 points, it will not be possible for them to earn more until they fall below the 4,000 cap.

A hardcap will be implemented in a following patch before Cataclysm's release. At that time, any excess points above 4,000 will be converted as follows:
Honor points above 4,000 are converted to gold at a rate of 35 silver per point of Honor.
Justice points above 4,000 are converted to gold at a rate of 2 gold per point of Justice.

Emblems for Gold
So I began thinking if it would be worth it to start grinding out heroics and farming as many Triumph emblems as possible then exchange them for Emblems of Conquest that will be converted for 5.5g each. I could easily farm several hundred of these in that time but for the time being trading in 15 emblems of triumph for one crusader orb is an immediate 100g profit. But the problem is how long will that price last this close to Cataclysm? I am thinking that the stocking up on emblems will net a higher profit, but this is just speculation.

Honor for Gold
As far as honor I think that this may be more difficult to pull worthwhile gold from. If you were honor capped you would only convert to 1800 of the new honor based on, old honor * 0.024. To reach the cap of 4000 you would need a bunch of other pvp marks or tokens to even take advantage of the gold conversion above the cap of 4000. Is it possible? Yes, but I don't think that it is worth it.

Not Written in Stone Just Yet
Although this may all be for naught since blizzard has stated that these numbers could possibly change by the time Cataclysm hits the shelves if they think the conversion amounts are too much.

Questions for Comments
What do you think about these numbers? Are you going to stock up on emblems?

Wednesday, September 15, 2010

Cataclysm Archaeology - Profiting Artifacts



Looking to the near future blizzard recently pushed out the new Archaeology profession on beta servers. This is a casual profession where you research and find artifacts to piece together stories or other lore. By doing so you can get some rewards such as, pets, mounts, armor, and weapons.

Where's the Value?
Now blizzard has stated that the majority of artifacts will be of common value so they can be sold sold. Now the real question is, how much can these go for? Blizzard has stated that value will increase on artifacts depending on how many fragments are needed to finish said artifact. So we can presume that some artifacts can be sold for a nice profit once complete.

Let's look at Cataclysm launch, there will be a surge of players wanting the epic gear that can be obtained with Archaeology initially. But even afterwards there will be a steady stream of players wanting to obtain the mounts and pets that are available. This should make Archaeology another great revenue stream for us gold making whores.

If you are someone with patience you should have no problem selling every artifact you make when Cataclysm arrives then once demand falls and prices drop, you can start making the artifacts for yourself. That initial rush is where the gold is going to be at.

Thanks for checking in!

Tuesday, September 14, 2010

Weekly Update 9-14, Final Update for a While



Well it's that time of the week when I, Nakedjay, gives you a detailed recap of my gold making adventures for the last week.

100k Mark!
Well I reached over 100k this week which is a major achievement for myself to attain. It shows that a very casual player like myself can make some serious gold. I still have a while to go till I get to gold cap but it will happen soon enough. Hopefully I can pull it off before expansion hits.

Cataclysm Release Date
MMO-Champion has released a tentative release date for Cataclysm for November 2, barring any issues that could push it back.

Final Weekly Update
This will be the final weekly update as I think I have proven that I can make gold and that it has become a bit redundant especially this close to the end of an expansion. I think it's great that I can show some of the big sales I am pulling off and how I am doing it but I think I am missing out on a day to provide great content to you the readers. I am planning on making updates in the future but they will be more out of necessity as I may make a serious haul one week or I may want to discuss some big market fluctuations or speculation. We'll see how it goes but there won't be an update every Tuesday like there has been in the past.

The Numbers
It's been tough making gold even with additional playing time this week. Profit margins are pretty tight on jewelcrafting and glyph competition has risen and demand has begun to fall. Netherweave bags have been great as usual; I've still been slacking with enchanting and vendor pets.

Here's the Total Sales,
Jewelcrafting - 16,092g
Inscription - 4,328g
Tailoring - 900g
Alchemy - 700g

Total Liquid - 103,658g
Total Investment - 20,000g
Total Assets - 124,658g

My liquid gold increased by 13.5k since last week's post. Still a good week but would have liked for it to be around 20k. I just want Cataclysm to get here. I am really getting bored with the existing content, just burnt out trying to wrestle my way through the trenches for the time being. I am so hoping the quest lines and content leading up to expansion can keep me entertained.

Questions for Comments
Are you burnt out? Have you quit or taken a break from WoW? What kind of updates would you like to see in the future on my gold making?

Monday, September 13, 2010

Get In On Cataclysm Gold Making



If you've read this blog or other gold making blogs you have obviously came looking for advice and information on gold making. Probably for different reasons too, some looking to just make gold for epic flying or some shiny epic and some are looking to make a gold pile so they might never have to worry about gold again. I wanted to tell some of my reasons why I am so excited for cataclysm.

I got in the gold making business fairly late in the terms of age for wotlk. I have only been at this for a few months and was not trying to make a pile of gold when expansion launched. In those first few months of expansion I'm sure there was plenty of players making a few hundred thousand gold in that time. That's what I want this time. I'm going to be one of those players this time around. I may have built up a good quantity of gold now but I want to get to the point where I never have to worry about it. Which will probably be some number above gold cap. I've thought about going for a million but I'm also thinking at some point, why? Maybe for some personal goal but there is too many other things I like to do in the game, not to say gold making isn't enjoyable for me.

So needless to say I hope that some of you think about really cranking out a gold making business just for these reasons. You may only have to get into some serious gold making for 2 to 4 months and end up making an insane amount of gold. I'd like to the get to the point where I can buy everything I want and never have to worry about earning gold. Excluding spending thousands for hardmode carries in raids, if that's the case then I'll keep on working on making gold if I want all that.

Questions for Comments
What is your target amount? Are you just interested in short term gold making or long term? Are you going to get in on the huge demands in Cataclysm?

Sunday, September 12, 2010

Making Gold Off Guild Legendaries



There is a great opportunity to make gold right now off a future guild achievement! The guild achievement, We Are Legendary: Obtain all the legendary weapons, will have several guilds trying to obtain old legendaries. Plus guilds are starting now to try and obtain them because they will be counted into the achievement prior to Cataclysm.

Here is a Blizzard response on this subject, " We are making a exception for this guild achievement. Any legendary items you have already earned will count."

We can begin creating snatch lists or even farming for some of the items required for these legendaries. These are items needed for Hand of Ragnaros and Thunderfury, Blessed Blade of the Windseeker.


The cores may only sell for 20 to 50 gold now but I expect prices to surge above 100g after expansion. Elementium ore already sells for 350 to 500g each and may possibly jump to 900 to 1000 gold. There are several items though that you could make some nice gold off of. I've been using a snatch method to buy up cheap elementium ore in the past just because players have no idea what the real value is and they are scarce on the auction house.

Thanks for checking in!

Saturday, September 11, 2010

Why Liquidate Now?



A few of the other gold blogs have been posting about getting rid of your stockpiles now since cataclysm is on the horizon. Some have even suggested restricting what you sell so you don't get stuck with items that don't sell or you end up taking a loss.

Don't Liquidate Now
I don't agree with most of these ideas. Why? You still have 2 1/2 months till Cataclysm comes out, I'm going to assume Thanksgiving week will be the release like they've done in the past. That is plenty of time to make a lot of sales and there will still be plenty of demand. I would even speculate that you could maintain a stock pile up till the final month then start to unload then. But here's the thing, what are you unloading? There should be several items in your stockpile that you should be maintaining for the launch of Cataclysm anyway, ore, cloth, inks, herbs, etc.. Sure, you will have to unload your epic gem stockpile if you're a jewelcrafter but you should have no problem unloading the remaining gems in the finale month before cataclysm launch.

Profits Still To Be Made
If you happened to have read the post on this subject over at Capped By Cata, he talks about how jewelcrafting with epic gems isn't worth it. His point is everyone already has all the epic gems and will no longer be needing to buy them so in turn, demand falls. I think this is a narrow minded assumption to think that there will no longer be players receiving new upgrades via raids. As of today trade chat on my realm is spammed all day with pug raids looking for members. There will still be plenty of players receiving upgrades all the way till cataclysm launches. I've had fellow players on my realm this week tell me they wanted to gear up on their dps sets so they could level faster.

Think about this, some players only have one good set of gear, whether it be healing, tanking, or dps gear. Depending on leveling style they may want fast queues and need a healing or tank set. Others may want the best dps set to grind through all the quests. What ever it may be they will be upgrading their sets and buying the best gems to put in them. Markets may have crashed but it's foolish to think that there will be no profits to be made. So let's look at some basic economics, demand falls for cut epic gems so as a result demand for uncut gems falls as well. Both prices fall accordingly but a profit margin remains between the two. This profit margin is what is key all the way till cataclysm. Whether it is 10 gold or 30 gold you will still make a good profit depending on the quantity that you sell. I can still sell 15 to 20 gems a night while I sleep at a margin of 20 to 50g each. So twenty gems at 20g is still a 400g profit just for an overnight posting, that doesn't even include working the auction house during the day.

So if you really want to be like a furniture store going out of business and sell everything then go for it. In my opinion I think that you end up limiting your gold making significantly if you do this right now. Plus there is several items that you should be stocking up for when Cataclysm launches.

Questions for Comments
Are you liquidating everything now? What time frame do you have in your mind before you unload unnecessary items?

Friday, September 10, 2010

Wow Auctioneer database parser II



Wanna break down your auction house scans? Would you like a spreadsheet to search in for current prices? Wanna research items maybe you should be selling? Well there is a website for you!

Wow Auctioneer database parser II is a website that will take your auction house data and convert it to a CSV file that you can open up in excel. You will need to get the latest version of auctioneer and Auc-db installed to run a scan and have a database file to export. This export allows you to view the latest auction house data from your most recent scan.

I like using this to quickly lookup prices for various items, especially if I'm farming or I'm away from the auction house. You can also use it to quickly compare faction prices on the same realm. Run a scan on horde, export, then jump over to alliance and do the same. Compare the prices and see what items you can faction trade to sell on the other side for higher profit. (This will require two accounts)

Let me know what you think!

Thursday, September 9, 2010

Shadowfang Keep BoE Snatch List



You may not know about these two items but there are two very rare BoE drops out of Shadowfang keep. The drop rate on these two items have been nerfed substantially so it probably would be a waste of time trying to farm for these items. Unless you are really into tweaking out then go for it.

Those Silly Twinks
The two items are Shadowfang and Assassin's Blade. They can sell from anywhere from 2k all the way to 10k gold. Even some players will pay real money just to get one of these. These are a couple of the best twink weapons available at level 19 so they are in high demand in the twink community.

The Snatch
What we are banking on someone picks ones of these up and has no idea what the real cost is. Hopefully the post it from 50 to 200g. What we can do is use the snatch tool to create a price threshold of 1000g to try and catch any of these items. Even if you bought one for 1k you should have no problem making an insane profit. For more information on using the snatch tool check out my tutorial, Using the Snatch Auction Tool.

Wednesday, September 8, 2010

Export BeanCounter Data To Excel



After doing some more research I've found someone who has created an excel workbook that uses macros to export your BeanCounter data. This is a little bit more advanced method than I'm used to sharing with my readers but if you're interested in breaking down your BeanCounter data and drilling down in the data then this is for you. I wanted to see if there was something else available since WoW Sales Report is no longer being updated and it does not work with newer auctioneer data.

The Download & Install
You can download the file from curse gaming, BeanCounter Export. You will need Office 2007 and macros must be installed. If you need to enable macros go to File -> Excel Options -> Trust Center -> Trust Center Settings. I have not tested this file in OpenOffice but I'm sure it will work in the newest version.

It doesn't matter where you put the file, your desktop or my docs will be fine. Double click on the file and edit the settings on the first page of the workbook then press ALT + F8 to run the macro. A popup box will ask if you want to run Readfile, click run. A box will pop up and ask you for the path, enter this path name but edit it for your account name c:\program files\World of warcraft\Wtf\Account\"Account Name"\saved variables\beancounter.lua . It will say done, click ok.

Changing Options
You should now be able to look at your auction house transactions based upon the settings you selected. The currency data is a bit messy but we can fix this by selecting columns E through K then right click on any column then click Format Cells. Go to Custom then copy past this, 0"."0000;-0"."00;0"."00. This will change the format to gold so it's easier to read.

By using the top menu buttons you can sort the data any which way you want. This export is great because it allows you to see sales patterns, what items are your hottest sellers, and what classes you might be tailoring too.

Tuesday, September 7, 2010

Weekly Update 9-7


Well it's that time of the week when I, Nakedjay, gives you a detailed recap of my gold making adventures for the last week.

Real Life
Well things are getting better and I am starting to have more time on my hands finally. I am thinking of working on some more videos for my youtube channel. Been feeling like crap lately so I'm thinking about getting back into my workout routine. Hopefully I can find the motivation.

WoW Life
Only played 2 nights this week and I didn't have much to show for it. I did invest a bunch into herbs for inscription. Gem markets still dead, as you can see below I made a lot of sales but the profit margins are really sucking.

Here's the Total Sales,
Jewelcrafting - 15,780g
Inscription - 2,400g
Tailoring - 196g
Alchemy - 1,100g

Total Liquid - 95,183g
Total Invested - 24,000g
Total Assets - 119,183

The next two weeks I am going to have a lot of time to play WoW so I should be able to pull in some serious numbers and actually focus on enchanting again. I really am wanting to make the push to gold cap as I want to make sure I reach it before Cataclysm.

Thanks for checking in!

Monday, September 6, 2010

Curious Finds with Inscription



It's amazing what you find out while looking at your sales. By looking at my sales history from inscription I can tell what characters are being leveled the most on my realm. It's odd but you can see which class glyphs you sell the most and the ones that you sell the least.

On my realm there must be a ton of players leveling warlocks because glyphs for that class are my biggest seller. I find sales for death knights and warriors to be high as well. I think that the death knight sales are fairly obvious since they are so easy to level up. On the other side of the spectrum I see mage, shaman, and hunter glyphs sold the least.

I began thinking about how I could use this data or if I could further analyse it. How could this data help me? Could I apply this data to focus on other professions? I think that this explained to me why I sold more Iron-Bound Tomes than Faces of Doom off hands. Could there be things that might be more in demand for a blacksmith than usual at this time?

Questions for Comments
I wanted to put this in your minds and see what you all thought. What do you infer from this data? Would you think about crafting more of a certain item based of this information?

Image from remnantsofchaos.com

Sunday, September 5, 2010

Runecloth is still Profitable



Runecloth is still very profitable due to reputation turn ins and for leveling tailoring. Not only are players stockpiling runecloth now for cataclysm but there is plenty of players using it up right now. Currently on my realm a stack of runecloth sells for 10 to 15 gold.

There is two spots that I farm for runecloth, Undead Stratholme and Expedition Armory in Hellfire Peninsula, either spot will net you 300+ cloth per hour. I prefer farming Stratholme because I'm an enchanter and it will boost your gold per hour much higher. Check out my previous post on farming Stratholme as an Enchanter. Plus you can make a nice profit off trash and selling items that are worthless to D/E.

I've been splitting what I have been farming in half, as half goes into the my stockpile for cataclysm and the rest goes to the auction house for sale. This way I keep gold coming in and I can still build my stockpile, as we still have plenty of time till expansion lands.

Questions for Comments?
Where do you farm Runecloth? Have you begun stockpiling for Cataclysm?

Saturday, September 4, 2010

Selling Leveling Greens



This can be a tricky market to get a hang on since there is so many items to look for but it can be a great money maker, especially come Cataclysm. I know what you're thinking, what about all these Bind on a Account items? Here's the thing, BoA items don't cover all slots and then you have the factor of players being lazy or not having any interest in grinding out emblems and faction seals.

What to Sell?
You can add uncommon greens as another item to look for in your gold making process. For some greens you can make a higher profit than just straight selling to a vendor. The key is looking for the right items which can take a bit of experience to know what to sell. Here are some of the types of greens that you should be looking for.

of The Monkey
of The Bear
of Power (Mail & Leather)
of The Eagle (Cloth, leather)
Anything with Spellpower
Stam, Strength, Crit on plate or mail
Any Blue (Just about any blue is going to sell for more than the d/e shard, unless it's a weapon you can sell to vendor, some do sell to vendor for a good amount)

Now you're thinking, what about tank gear? Defense gear is good to sell NOW. Do not stock up on this gear for cataclysm as defense will no longer be a stat since it will be built into tanking specs.

How to Price?
This can be tricky as you can look at market prices of similar gear to get a feel for what that item may sell for. You may not have much auctioneer data on some of these items since they have such random stats. You can forget about minimum bids with this type of gear as people who are leveling want their gear now, not later. You need to find a price where you at least make double of what you would sold to a vendor. So a green weapon sells for 9g you need to sell it for around 20g.

Leveling blues will normally sell for 50 to 100 gold. Unless you get something truely great it might sell for a couple hundred. The great thing about blues is there is much more auctioneer data available to you will have a better idea of the market price on your realm.

Questions for Comments
Do you sell leveling greens? Any things you look for when selling leveling items? Do you avoid this market of the auction house?

Friday, September 3, 2010

Paying for Guild Sig?



Sign Me Up! Getting gold those first few levels can be difficult even if you are selling everything you pickup. Always keep a keen eye for posts in general or trade chat for players paying for guild signatures. Most of the time guild signature payouts will be 5 to 10g but that is a huge amount of gold at such low levels. Especially if you're starting out for the first time or creating a new character on a brand new realm.

For example, on my one alt I have signed 8 guild charters! I earned anywhere from 5 gold to 50g per signature! I was expecting 20g one time from a player and he gave me 50g instead. He said, "Consider it a gift." So just think of it as another way to make gold while leveling. I leave my alts guild-less while leveling or have them in my personal guild that I can easily leave.

Reinvesting that Gold
This is critical if you want to build up some gold on a new character, especially if that character is stranded on a new realm. If I get some starter gold off guild signatures I will run to the auction house and start looking for items to flip. I'll get a couple auction house scans in during a day to get the feel for the realm's markets then start looking for items on the resale list. I will start looking for anything that I can buy for just a few silver to a gold each that I can flip for big profits.

You only need one successful day of flips and you are pretty much good on that realm. Once you have built up 50 to 100 gold then you can really start flipping bigger items. Rinse and repeat, the gold pile will just keep growing.

Questions for Comments
What methods do you use for earning gold at low levels? Do you keep an eye out for guild signatures? What's the most you have been paid to sign a guild charter?

Thursday, September 2, 2010

How to Use Auctionator



There is a lot of emphasis on using Auctioneer, which is a great addon but it can be intimidating to most players that are new to the auction house game. Auctionator is a lightweight and easy to use addon for the auction house. It allows you to quickly post auctions, buy items, and cancel auctions that you have been undercut on.

I would recommend going to google and do a search for Auctionator, the first result should be for curse gaming, go there and download the latest version. You will need to place it in your World of Warcaft/Interface/Addons folder. You will need to restart wow if you do this install if you still have the game running. Select which characters you will want to use this addon at your character selection screen. Now get to an auction house and open an auction house window with an auctioneer. You should see three new tabs in orange lettering at the bottom of the auction house window, Buy, Sell, & More.

Buying
1. Click on the Buy Tab.
2. Click on the Full Scan Button (Upper Right Hand of AH Window).
3. New Dialog Box Should Open -> Click on Start Scanning -> When it's finished, click Done.
4. One the Buy Tab, search for an item you would like to buy.
5. In the Search Item click on the item you are looking for. It will breakdown prices listed for that item by stack and quantity.
6. Once an item is highlighted, click on the Buy Button (Lower Right Hand of AH Window).
7. Enter in the number of stacks you want to buy -> Click Buy.

If there is 40 stacks of infinite dust and you enter in 40 stacks to buy, Auctionator will instantly buy all 40 stacks for you! You will no longer have to hunt through the list and select each stack 40 times to buy them all. This also allows you to easily see quantities better, for example, when arrows are posted in singles or stacks of 100.

Selling
1. Click on the Sell Tab.
2. Drag an Item to left side of the AH window and insert it into the blank box. Auctionator will list your competition's current prices for that item. Auctionator will automatically enter the price you should post the item for, lower than your competition.
3. If you are satisfied with the price and quantity, click Create Auctions.

Undercuts
1. Click on the More Tab.
2. Click on the button, Check for Undercuts, this will search through your auctions and detect whether or not you have been undercut.
3. If undercuts are found it will ask you to cancel your auctions that have been undercut, click Yes. Auctionator will cancel all auctions immediately.

Settings
Inside of WoW go into your interface settings -> Addons -> Auctionator
There are a few settings we want to look at.
1. Select Show Tooltips (If you want price history on your items)
2. Undercutting -> Enter in the price threshold you want to undercut with
3. Selling -> Setup stack sizes for various item types

I love this addon because it is so easy to use and it really streamlines your auction house processes. Buying and selling are not much easier than this!

Questions for Comments
Do you use Auctionator? Do you prefer using Auctioneer instead? Which addons do you use to for your gold making business?

Wednesday, September 1, 2010

Weekly Update 9-1


Well it's that time of the week when I, Nakedjay, gives you a detailed recap of my gold making adventures for the last week. The weekly update was delayed a day to get the blogging carnival post in. It will return to it's normal slot next Tuesday.

Real Life
Sat on my ass and drank heavily with my girlfriend this weekend. Was at her pool pretty much the whole weekend which was very relaxing. I've been on the phone the last couple of days trying to talk to an executive at HP because they failed on a 130K project at my work. It's amazing that the biggest computer company in the world is so disorganized and filled with hateful people that don't want to help you. Guess that's what happens when a company gets big.

WoW Life
Gem markets crashed...again...except this one is much worse and probably will not recover till expansion. Profit margins are dropping to 10 to 20 gold. Some cuts are not even profitable, it's pathetic. The competition is buying up supply just praying to make a 5g profit. Heck I'll stick to my netherweave bags if it comes down to that.

I blew through a good portion of my stockpile so I am going to try and rebuild this week. I think I went through a matter of 20k within 3 evenings. There seems to be heavier competition in the glyph markets this last week but I'm still saved by my late night postings which are still making me a killing.

I have been pulling a wider profit margin of late with netherweave bags as prices on cloth have dropped and demand has went through the roof.

I'm not sure but I think I hate enchanting. It's probably because of two auction house campers on my realm so I just don't invest as much time on it. It seems like these two guys are online 24/7 and they undercut me within 3 to 5 minutes. To test it out I sat there and camped the auction house for one hour while they were online. In that time I was undercut 7 times by these two players but I was able to sell two enchanting scrolls I think by luck in between the undercuts. It's frustrating but if they piss me off enough I'm going to invest heavily in enchanting markets and force them out with heavy undercutting. I can always use the jewelcrafting shuffle to get dirt cheap enchanting mats to beat them. We'll see where this leads.

Here's the Total Sales,
Jewelcrafting - 20,500g
Inscription - 5,400g
Enchanting - 750g
Tailoring - 1,400g
Alchemy - 700g

Total Liquid - 91,885
Total Invested - 23,500
Total Assets - 115,385

An impressive weak for me, I pulled this off only playing 3 evenings! Some time soon I will have a week, probably during the winter, where I will pull off some enormous numbers because I will be playing every evening. Well I am definitely smelling blood now being about 8k away from 100k, that will be an impressive goal for me to have finally reached. I should have no problem hitting that by next week.

Thanks for checking in!

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