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Bling Blang Wow - The Gold Making Thread Bling Blang Wow - The Gold Making Thread

01-17-2012 , 09:31 PM
Quote:
Originally Posted by Low Key
Guess if I'm rich it won't matter,
dingdingding!

Let the poor scrubs worry about fighting over nodes when Mists is released.
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01-17-2012 , 09:37 PM
Quote:
Originally Posted by ItalianFX
I was looking at flight form for the Druid and isn't that level 60? That was so far off that it was kind of pointless, even though it would make things a lot easier.
You pretty much shouldn't be doing any farming before you get flight in some form, be it druid flight form or flying mounts.
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01-17-2012 , 09:48 PM
It sounds like there are a couple different strategies here.

Being an absolute kingpin of the AH and taking over markets, and just farming, posting auctions, buy low/sell high stuff to see how much money I can make.

I think all of your ideas are great, but I also haven't been in the game for very long. I have a lot mistakes to make and experience to gain.

My Priest has 1865g right now mainly from selling cloth and doing other things just for the heck of it. The 450g Imbued Crystal was a nice chunk.

So right now I'm just taking it easy and playing around with stuff, watching where I undercut people, and being more active with it.

I don't think I'll ever hit the gold cap (100% chance I won't), but right now when I am sitting on 20 silver, it'll be fun to see what I can gain just by doing this. I also want to add that I have like 2 months to do this since that is when my sub runs out.

I was looking at the vendor search and someone was selling a few things where there was a 1g profit just by vendoring it. I didn't have enough money on my Paladin so I hurried up and got on my Priest and ninja'd everything for a nice 5g profit from everything. Would have been nice if I had the money on my Paladin to give me a jumpstart, but oh well.
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01-18-2012 , 01:45 AM
After my first day of doing this, starting a new toon from 0g, I now have 65g.

I bought an Iridescent Pearl for 60s and just sold it for 15g and bought a 50s Prairie Dog Whistle from Thunder Bluff and sold it for 35g. Also, herbs and copper bars were selling as well.

Pretty good start, I think.
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01-18-2012 , 10:02 AM
That is indeed how it starts. Now find the 80g item that you can resell for 400g and move from there.

Then you can start buying BoE epics for 4k and reselling for 9k.

The more money you have, the easier it is to obtain even more money. And don't worry about being "broke". I would often go on inventory spending binges. I not only spent every last dime I had on inventory some days, but I would ask for loans from friends to buy more if I didn't have any cash left.

There's no problem spending your very last 150k on inventory if you know you can resell it all for 350k.

Remember, when you're getting a good deal on something, you can almost ALWAYS get back at least what you put into it.
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01-18-2012 , 12:42 PM
$3/mo. for mobile AH just paid off.

Someone posted some 397 VP boots for 750g when I'm guessing they meant to do 7500. They're the Plate DPS boots, too. Perfect timing for my Warrior... Guess I won't be flipping them for an easy 7k.
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01-18-2012 , 01:20 PM
Why not? Your mage should be about done buying valor gear soon, and those will only drop in price.
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01-18-2012 , 01:27 PM
True. I'm not sure how much VP my Mage has right now but I'm guessing I will be able to buy the boots by the end of the week. I bought the bracers for 3k, which is a better upgrade anyway (353 -> 397). That should at least put me to the point where I can queue for LFR.
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01-18-2012 , 03:37 PM
I just got both valor boots and wrists for my Hunter by way of my DK and Rogue. Now I'm farming valor for my DKs wrists/boots by way of my Hunter and Rogue.

GET ON MY LEVEL!
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01-18-2012 , 03:56 PM
Woah there, I'm still on the level of deciding if I want to dedicate enough of my life to get an alt Dragon Soul ready. Or rather, Dragon Soul geared. The cost of the character transfer saved me 3 days' worth at least.

If your DK isn't Valor capped for this week I know a Warrior that would love to run some twilight heroics with another plate roller I promise to become good at tanking on at least one toon so I can repay the favor.
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01-19-2012 , 03:22 PM
I was bored last night, and looked at the next expansion..........Pandas????

Really?
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01-19-2012 , 05:19 PM
I suck at this gold making thing, trying to be self sufficient with my AH toon. I don't want to be sending him stuff because that defeats the purpose of what I'm trying to do.

I have 152g right now. I don't even know what to buy or the best strategy to go about this.

One thing I will do is have my hunter cut the gems once I get his JC leveled up high enough.

I did buy 10 stacks of 1 Volatile Earth for 1g each and resold it that same day for 20g. Other than that, all I've been selling is low level herbs and copper bars. I don't know what else to do.

Any ideas? Strategy wise? Something I'm not thinking about? I was watching the Youtube videos, but the guy goes so fast and it seems like he has knowledge about what will sell and what won't.
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01-19-2012 , 05:31 PM
You need to know your price points before you can make money.

You can't just wake up and decide, "I'm going to be an AH baron now." You need to spend some time to get a feel for where the prices for everything is on your server. Personally, I spent about a month running Auctioneer scans several times a day on the entire AH so that the addon showed market pricing on everything for me. I eventually stopped doing this because over time those averages can be misleading for any number of reasons, and I knew where item prices should be just from experience.

If it was ridiculously easy, everyone would do it.

It becomes ridiculously easy, but only after you've put some work into it.



Edit: Also, there is NO CHANCE that you will find useful YouTube videos on the subject. Anyone who knows wtf they are doing is not going to hand out the secrets for free.

I've seen some of those "look, I turned 5 silver into 200 gold in 3 days!" videos, and they are misleading at best.
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01-19-2012 , 06:12 PM
Quote:
Originally Posted by Jonaspublius
I was bored last night, and looked at the next expansion..........Pandas????

Really?
You realize this game has had talking cows in it since Vanilla, right?

back on topic...

Inso is right, the only real way to learn to play the AH is simply spending time watching it. You will get an idea of what an average price is, how high or low people tend to buy or sell, and you can then detect when there is something you believe to be exploitable.

Its easier if you just stay (or start) in "your" market. Like if you make your money with inscription you start getting an idea of what all the glyph prices usually are, herb prices, inferno inks, DMC cards, etc etc and you start noticing when stuff is priced poorly creating profit potential.

The other night I noticed that Earthen Vitality enchants had dropped all the way down to 1g per. I bought them all up, like 40-50 scrolls, and relisted a few for 150g. Sold 1 within like 10 minutes so I've already profited and the rest is gravy.
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01-19-2012 , 06:27 PM
Quote:
Originally Posted by krimson
The other night I noticed that Earthen Vitality enchants had dropped all the way down to 1g per. I bought them all up, like 40-50 scrolls, and relisted a few for 150g. Sold 1 within like 10 minutes so I've already profited and the rest is gravy.
Lots of money is made like this.

You can get yourself in trouble this way though. The key is to look for low risk/high reward opportunities and leave the high risk/higher reward for some other poor schmuck.

Everything is just an EV calculation.

Don't tie up 5k to potentially make 15k if there's an 80% chance that you'll have to resell for 4k to just get out of it.

Look for those opportunities that let you spend 100 or 200g and make 1-1.5k on the back end. If the deal goes bust (a competitor is online and sees what you're trying to do) you aren't out a lot of money.
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01-19-2012 , 06:33 PM
My biggest "bust" was pretty early in my "branching out" days when I saw a ****load of Eternal Water for sale for what seemed to be REALLY cheap compared to what I paid recently while powerleveling blacksmithing or something. I creamed myself and bought out like 300 stacks of it from what was clearly a chinese farmer for like 6k gold hoping to turn it all for 25k+.

Whoever bought my account is probably still sitting on about 280 stacks of Eternal Water because I couldn't GIVE that **** away. Something in the metagame had changed, and people just didn't need it anymore.

Watch out for those.
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01-19-2012 , 06:34 PM
And you can always hold on to stuff and wait for later.

Like, while leveling enchanting, I accidentally bought about 20 stacks of Cata dust that I didn't need.

It was 50s per dust, and now dust is up to 70s per. Looking back at WotLK dusts, they're at about 7-9g per. So I figure if I just keep it all banked and wait for mists, I can turn a possible meager profit now into a few thousand later.

Quote:
Originally Posted by Inso0
My biggest "bust" was pretty early in my "branching out" days when I saw a ****load of Eternal Water for sale for what seemed to be REALLY cheap compared to what I paid recently while powerleveling blacksmithing or something. I creamed myself and bought out like 300 stacks of it from what was clearly a chinese farmer for like 6k gold hoping to turn it all for 25k+.

Whoever bought my account is probably still sitting on about 280 stacks of Eternal Water because I couldn't GIVE that **** away. Something in the metagame had changed, and people just didn't need it anymore.

Watch out for those.
If you keep on top of WoWhead and blue tracker, I think you can get a good idea of what's about to be worthless and what's about to be highly in need. I can't count the times I've seen upcoming patch notes and though, "Hey, item x is going to be worthless next patch," and then it is.


I will say this for the transmog market, it makes gearing up a leveling alt impossible. Everyone puts every piece of **** green on the AH for 500g-35k. FFS!
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01-19-2012 , 07:25 PM
that's what heirlooms are for ldo
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01-19-2012 , 07:42 PM
Sadly, no heirloom wrist/gloves/legs/boots/etc
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01-19-2012 , 07:54 PM
Most of my problem is just not knowing what is available to buy.

Mainly what I've been doing now is:

1. Trying to find low bid items with a high reward and hope to win off the bid. Ex. Last night I won a stack of mithril ore for 60s and just sold it for 10g.

2. Buying those prairie dog whistles for 50s and selling them for a lot more. I just sold another one for 22g.

3. Buying anything under Vendor and just vendoring it. There isn't much and it usually isn't highly profitable, but a little bit will add up over time.

I'm starting to catch onto things like Volatiles and what not, but I'm pretty sure I'm going to have to start getting involved with the end game items like flasks and gems, and then flipping profession items like glyphs.

On another note, someone in my guild has been begging people for the last 3 days for money so he can buy his flying mount. Everybody tells him to farm. So just now he was trying to sell 3 Beast cards for 15g each. I looked at my auctioneer tooltip that said 50g. I don't know if they were worth that much, but I told him that he was probably better off putting them on the AH and trying to get more, but if they didn't sell to lower the price. He said he didn't care, he just wanted a quick sale. So he gave all of them to me for 35g and now I am hoping to get about 200g total off of them. Hopefully they sell. Mine are the only ones on the AH.
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01-19-2012 , 07:55 PM
Make sure to look at the NUMBER next to the auctioneer price.

You can get yourself in trouble with stuff like those beast cards (they don't sell, btw) when auctioneer says it has seen 3 or 4 of them at 50g.
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01-19-2012 , 08:07 PM
Yeah it's worth a shot. If I can sell one, or sell all 3 at a reduced price, it's no big deal. I sell a lot of other things and can make that 35g back pretty easily. I was on my priest who has over 2000g so I don't really see there being that much risk to it.

EDIT: Just sold 3 stacks of strange dust for 60g total so I made that money back.

Last edited by ItalianFX; 01-19-2012 at 08:24 PM.
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01-20-2012 , 11:07 AM
I've also started working the 77-79 cata green market. I never really thought people bought those greens for 300-500g that I always saw listed, but it turns out they do, a lot.

My strat is to just scan armor and weapons for 77-79 greens. Buy anything under 80'ish gold, ignore all jewelry (due to the JC crafted blue gear), only buy stuff with stamina & primary stats on it (and whatever secondary stats), ignore "invoker" and "beast" and stuff like that.

Then I just have a 300g group and a 500g group in TSM. Dump all the weapons and 77 stuff into 500g and everything else into 300g.

It's not killer money but I've been earning probably 1000g a day from this, for ~60s worth of daily effort.

The other plus is that I don't need to babysit the items. Since they are random drop based, I pretty much never have to worry about people undercutting.
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01-21-2012 , 10:56 AM
The best Gold making oppurtunity is probably going to be the first few weeks of MOP expansion. People are desperate to be first lvl 600 enchanter or whatever so just try to get new mats on the AH in the first few hours of the expansion and people will pay through the roof prices for them.

I'm no AH expert but I immediately(2 weeks) went from 5k on all toons to like 75k almost from Disenchanting cheap high lvl greens and selling mats for sometimes like 10x plus what I bought greens for.

I'll prob re sub to WOW for the first month or so of the next expansion. Really enjoying SWTOR atm.
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01-21-2012 , 05:45 PM
I am currently converting a portion of my gold into non-crafted, non-vendor pets and the occasional tcg mount when I see it. Even without PokeWoW coming out, rare boe pets tend to scale in price over time, so I think I will break even at worst, but there is a huge potential for profit.
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