Well today I got a great review on my blog from AH-Whoring.com. A couple of his critiques hit home and after reflecting on them made since. So while I'm not going to stop giving my ADHD gold tips. I plan to try to shift my personal gold focus.
Currently I'm trying multiple markets and making a decent amount of gold. What i may have better success at is focusing on one main market and bidding low selling normal. Does this mean ill drop all the other markets I'm working on no. I'm not going to stop my 20 second transmute daily and selling the gem that's 200g a day for 20 seconds. Nor am i going to stop bid low sell normal because it generates good steady income. What I do plan on doing is examining my AHs current market and finding a niche where i can generate the most profit. Then i will leave what ill call diary entries here on the blog about how this is going.
Also I changed the layout of the blog and plan to test this for a few weeks. Please leave comments on it so i can better serve you the information i have. Also I need some advice on what i should look for in my market to know if its a good idea. Currently i have 430 enchanter/tailor 450 alchemist/herb 350 BS w/ 365 mining, and 342 inscriptionist. Any tips or advice on what works for the professions to make good gold is great. Currently i have a pretty big stock of netherweave bolts so i may see what kind of fun i can do in this market. So look for a new diary entry tomorrow.
Wednesday, October 7
Tuesday, October 6
Off Topic - no post
I'm currently about to install windows 7 on my laptop so ill be off of wow for a while. At least until tomorrow or later. So I'm not going to have any post for tomorrow.
Time is Money
The saying time is money is what will drives some of my decisions. It does this for 2 reasons one i don't have much play time and two I hate repetitive farming. So how can you put this saying to work in wow. Stop farming look to see if you can buy the mats for less than people pay for the item. If you can you just saved time which means you can spend more time crafting things to sell. With more time to make stuff to sell you have more inventory which means more items to sell which means more money coming in.
Example:
A farmer can make 300g/hour if they know what they are doing and don't get bored. I can craft 30 bags in 15 minutes which makes 300g if i sell them cheap on my server. Will i make that 300g instantly no but neither will the farmer he has to either cod or AH his supplies just like me. The difference is while he can max out at 300g an hour and I'm making 300g (theoretical) in 15 minutes then I have a potential to make 3 times the gold as the farmer in an hour. So while yes farming is free gold the farmer just supplies the crafter making 1k gold - the cost of mats. Some people like farming its not a bad way to make gold just don't assume its the fastest.
Example:
A farmer can make 300g/hour if they know what they are doing and don't get bored. I can craft 30 bags in 15 minutes which makes 300g if i sell them cheap on my server. Will i make that 300g instantly no but neither will the farmer he has to either cod or AH his supplies just like me. The difference is while he can max out at 300g an hour and I'm making 300g (theoretical) in 15 minutes then I have a potential to make 3 times the gold as the farmer in an hour. So while yes farming is free gold the farmer just supplies the crafter making 1k gold - the cost of mats. Some people like farming its not a bad way to make gold just don't assume its the fastest.
Monday, October 5
About yesterday
I'm sorry i was not able to post yesterday life and wow got in the way. Yesterday I decided to get my BS leveled to 350. To do this I used a guide from wow-profession.com They have great guides although some of the bar counts for certain items were off. I spent probably around 1k to get all of the mats. However I dont count this as a loss of gold because my time was more wisely spent. It took me half the time to level than it would have if I farmed all my own ore.
I spent 1k gold to level my BS I found a way to make some of the money back. I disenchanted the items i was crafting and sold the mats. After disenchanting and selling the items i made around 600g. Which means that i realy only spent 400g to level my BS to 350. Now im slowly leveling my warrior and leveling both his mining and BS at the same time. Hopefully when i reach eternal belt buckles ill be able to enter that market. Im also going to continue DE the items i make so that i can sell them for profit.
I spent 1k gold to level my BS I found a way to make some of the money back. I disenchanted the items i was crafting and sold the mats. After disenchanting and selling the items i made around 600g. Which means that i realy only spent 400g to level my BS to 350. Now im slowly leveling my warrior and leveling both his mining and BS at the same time. Hopefully when i reach eternal belt buckles ill be able to enter that market. Im also going to continue DE the items i make so that i can sell them for profit.
Saturday, October 3
Auctioneer bid low sell normal step by step guide
1) Start scanning AH by pressing the >> button.
3) After scan concludes and blue text appears in your chat box click the search tab
4) On the left in the search tab hit word searches, this should expand a list.
5) On the list under searches click resale.
6) Set the resale search criteria to 50s profit. Then click search in the lower left of the window.
7) Auctioneer compiles a list of the recently scanned AH.
8) Once the list is complete sort the items by type generally i go through whites first, because that's where most trade skill items are.
9) Go through the list picking items then bidding/buying according to what the bid/buy column says.
10) Remember that some items will broadcast a ridiculous resale but it however may not sell that much.
11) After finishing going through the list empty your mail box. Postal helps with this because it has an open all function.
12) Return to the AH and open the appraiser tab.
13) this is how you should re post items you buy. It allows for market price setting so you don't really have to think about what you should sell it for*.
14) It auto places the items into the AH making it easier on you.
16) wait for the profit to come in. If an item doesn't sell keep re posting it eventually it will sell.
* OK you don't have to think ,but don't trust the addon 100% its a machine it will eventually try and kill us all.
Friday, October 2
Stalled.
Well it seems like my money making has stalled. This could be due to less play time recently. Also i seem to be spending more time money and effort on trying to gain control over the netherweave market. So I plan on liquidating the remainder of my netherweave stock. If I can sell the bags for more than 11g ill make profit.
I then am going to try and keep doing bid low sell normal and level my black smithing. I hope to catch it up to 375 by next weekend. Once i get it caught up I'm going to buy the mats to level to 450 since northrend bars are fairly cheap. After that i hope to possibly try the belt buckle market out. I also may look into whether I can find a good tailoring item to craft and d/e for profit.
I've learned a good bit from my netherwave experience. While i didn't accomplish my goal of getting competition out of it i did learn a method to push prices higher and have a stock of mats backed up. I also learned that while the money can be good sometimes the time investment isn't. I was spending more game time focusing on trying to control that market I'm sure i lost money in other markets. I plan to still partake in the bag market but I'm going to let the prices reset on netherweave cloth so i can get a better profit margins. Or at the very least stop paying 11g for stacks of cloth and only selling the bags for 13g 86s .
I then am going to try and keep doing bid low sell normal and level my black smithing. I hope to catch it up to 375 by next weekend. Once i get it caught up I'm going to buy the mats to level to 450 since northrend bars are fairly cheap. After that i hope to possibly try the belt buckle market out. I also may look into whether I can find a good tailoring item to craft and d/e for profit.
I've learned a good bit from my netherwave experience. While i didn't accomplish my goal of getting competition out of it i did learn a method to push prices higher and have a stock of mats backed up. I also learned that while the money can be good sometimes the time investment isn't. I was spending more game time focusing on trying to control that market I'm sure i lost money in other markets. I plan to still partake in the bag market but I'm going to let the prices reset on netherweave cloth so i can get a better profit margins. Or at the very least stop paying 11g for stacks of cloth and only selling the bags for 13g 86s .
Thursday, October 1
Reading List
So I decided today to share the different blogs I read and what I like about them.They are in no particular order other than i use WoW Economics page to see if the other sites have new post.
World of Warcraft 100k Gold Challenge - http://100k-gold.blogspot.com/
Author: I don't know his name.
I don't know much about the author or I would post his name. His goal is to make 100k he started as a fresh level 80 and has made it to 73000g. He has funny post and informative ones. He doesn't stick to just one method to make gold its very diverse.
A Gnome's Conquest http://gnomesconquest.blogspot.com/
Author: Carbon
He uses post that show the math and mentality on how to make gold. Not sure that he has a goal other than having allot of money. He has a great writing style that doesn't drown readers in math. Also he uses real world examples to show how his inscription machine works even if he sells a few glyphs for a loss.
ah-whoring http://www.ah-whoring.com/about/
Author: Sarainy
His blog is about nothing but making gold. He is leveling a pally and making gold from professions while doing it. He is very knowledgeable about the different aspects of gold making and shares it in an entertaining read. Also like the fact he updates his total gold on character with each post.
Greedy Goblin http://greedygoblin.blogspot.com/
Author: Gevlon
He knows how to make gold heck hes basicly a gold making god. He is the sole reason the term goblin exists as an AH strategy term. He has long informative post which can take time to read but they are well thought out. There are only 2 cons one is I wish he had a better way to view his backlog of post. The other is he focuses on guild/ raid information analysis for me sorry gevlon i only skim them. However he does have his humorous stupid people post that will make you laugh.
Hit The Cap http://hitthecap.blogspot.com/
Author:Tella
Tella is a talented author that is using different methods to try and reach the gold cap of 214kg. She currently resides at 92kg which is impressive. She may have gotten a bad report for advertising in fellow bloggers comments but she was like me just wanting to say I'm here check it out. So far her blog is heading in the right direction i hope she can keep it up and give even more details of how she is making 14kg a week.
Just My Two Copper http://justmytwocopper.blogspot.com/
Author: Markco
This is the guy that started it all for me showing me how to make my first 1kg with no dalies. He post short to the point post about various ways to make gold. Another thing he does is post farming locations and routes. The forums and community surrounding this site is the most generous around. If you truly want to make gold and perfect the art of making gold you spend a good bit of time here.
Morgraan's Corner http://morgraanscorner.blogspot.com/
Author: Morgraan
Morgraan Post detailed well thought out post. He is like me and starting out with his blog whether restarting it or whatever. So while he may not have many post he does take the time to think about them before posting. Unlike me i just poop out whatever my mind thinks.
My Auction House Banker http://wowbanker.blogspot.com/
Author: Kevin Marquette
Kevin is a very good inscription guru. He has made a ton of gold and runs the glyph market on his server. He also shares about addons he uses and creates. If you want to learn about how to break into the inscription market check out his backlog of post. They are all informative and will teach you what you need to know.
One Copper http://one-copper.blogspot.com/
Author: Seth
Great post about wow related gold making that's all that needs to be said. He is also thinking about starting a podcast it could be interesting definitely worth looking into.
Too Greedy http://toogreedy.blogspot.com/
Author: Blackwolf
Too Greedy is a MVP at JMTC which means he knows his stuff. He just switched to horde and finally is getting a real raiding experience. Recently his post have been about the new experiences of horde which is always fun to hear.
These are the blogs i read daily I hope that you guys enjoyed hearing about it. Also to all those listed leave me a comment if you didn't want the free advertisement i can edit and remove the section about you. I just wanted to share the different perspectives that influence how i make gold with my readers.
World of Warcraft 100k Gold Challenge - http://100k-gold.blogspot.com/
Author: I don't know his name.
I don't know much about the author or I would post his name. His goal is to make 100k he started as a fresh level 80 and has made it to 73000g. He has funny post and informative ones. He doesn't stick to just one method to make gold its very diverse.
A Gnome's Conquest http://gnomesconquest.blogspot.com/
Author: Carbon
He uses post that show the math and mentality on how to make gold. Not sure that he has a goal other than having allot of money. He has a great writing style that doesn't drown readers in math. Also he uses real world examples to show how his inscription machine works even if he sells a few glyphs for a loss.
ah-whoring http://www.ah-whoring.com/about/
Author: Sarainy
His blog is about nothing but making gold. He is leveling a pally and making gold from professions while doing it. He is very knowledgeable about the different aspects of gold making and shares it in an entertaining read. Also like the fact he updates his total gold on character with each post.
Greedy Goblin http://greedygoblin.blogspot.com/
Author: Gevlon
He knows how to make gold heck hes basicly a gold making god. He is the sole reason the term goblin exists as an AH strategy term. He has long informative post which can take time to read but they are well thought out. There are only 2 cons one is I wish he had a better way to view his backlog of post. The other is he focuses on guild/ raid information analysis for me sorry gevlon i only skim them. However he does have his humorous stupid people post that will make you laugh.
Hit The Cap http://hitthecap.blogspot.com/
Author:Tella
Tella is a talented author that is using different methods to try and reach the gold cap of 214kg. She currently resides at 92kg which is impressive. She may have gotten a bad report for advertising in fellow bloggers comments but she was like me just wanting to say I'm here check it out. So far her blog is heading in the right direction i hope she can keep it up and give even more details of how she is making 14kg a week.
Just My Two Copper http://justmytwocopper.blogspot.com/
Author: Markco
This is the guy that started it all for me showing me how to make my first 1kg with no dalies. He post short to the point post about various ways to make gold. Another thing he does is post farming locations and routes. The forums and community surrounding this site is the most generous around. If you truly want to make gold and perfect the art of making gold you spend a good bit of time here.
Morgraan's Corner http://morgraanscorner.blogspot.com/
Author: Morgraan
Morgraan Post detailed well thought out post. He is like me and starting out with his blog whether restarting it or whatever. So while he may not have many post he does take the time to think about them before posting. Unlike me i just poop out whatever my mind thinks.
My Auction House Banker http://wowbanker.blogspot.com/
Author: Kevin Marquette
Kevin is a very good inscription guru. He has made a ton of gold and runs the glyph market on his server. He also shares about addons he uses and creates. If you want to learn about how to break into the inscription market check out his backlog of post. They are all informative and will teach you what you need to know.
One Copper http://one-copper.blogspot.com/
Author: Seth
Great post about wow related gold making that's all that needs to be said. He is also thinking about starting a podcast it could be interesting definitely worth looking into.
Too Greedy http://toogreedy.blogspot.com/
Author: Blackwolf
Too Greedy is a MVP at JMTC which means he knows his stuff. He just switched to horde and finally is getting a real raiding experience. Recently his post have been about the new experiences of horde which is always fun to hear.
These are the blogs i read daily I hope that you guys enjoyed hearing about it. Also to all those listed leave me a comment if you didn't want the free advertisement i can edit and remove the section about you. I just wanted to share the different perspectives that influence how i make gold with my readers.
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