Going 100% cash is not a safe postion to be in either. Yes you have the gold, but if inflation goes up because there are more dailies then you are losing money on that gold. If you really want a safe market, particularly for all the worried JCers out there, start buying up primals. As Dorlog said above, those are not going to be affected by much of anything in the patch, so if you are looking to "balance your portfolio" if I were you I'd invest say 30 or 40% of your assets in buying primal fire or primal air or what not a few at a time or during the week when the price drops, etc. Or invest in some other commodity that isn't going to change much, i.e. not VC, LPS, or gems of any kind.
Money income will be easier with the huge daily hub.
Joe Casual won't do 25 daily quests every day, every week for months. He might to it twice before it's becoming to boring. There are actually some daily quest everybody might enjoy (eg. skettis escort + bombing) but if the effort of time to complete the daily quests won't cut in half there can't be a money inflation since Joe Casuals time is restricted and with a farming machine (t5+ damage dealer) you are actually well geared enough to get the same or better gold/h while slaying blood elves in smv.
The price of primals actually drops week by week because the request is lowering. You need primals for exactly what? Your profession gear that's worse than the 2.4 badges loot and you allready have for your 3rd twink and Joe Casual should be also allready in 3/3 frozen shadowweave. So there's only a small market left for the enchanting part and nothing else really.
I think that "safe bets" are cheap Void Crystals (on my server, voids below 20g, LPS is about 29g now) and earthstorm / skyfire diamonds. Voids due to new Void -> LPS formula, Diamonds because green gems will be used for Brilliant Glass and because there are 2 new interesting recipes.
The price of primals actually drops week by week because the request is lowering. You need primals for exactly what? Your profession gear that's worse than the 2.4 badges loot and you allready have for your 3rd twink and Joe Casual should be also allready in 3/3 frozen shadowweave. So there's only a small market left for the enchanting part and nothing else really.
Well Airs, Earth, Mana and Life always have a moderate demand to them for Leg Enchants as well. Rarely do the prices of Airs drop below 20g and if so its very slightly I've found.
Joe Casual won't do 25 daily quests every day, every week for months. He might to it twice before it's becoming to boring. There are actually some daily quest everybody might enjoy (eg. skettis escort + bombing) but if the effort of time to complete the daily quests won't cut in half there can't be a money inflation since Joe Casuals time is restricted and with a farming machine (t5+ damage dealer) you are actually well geared enough to get the same or better gold/h while slaying blood elves in smv.
I agree that the dailies get boring, but the alternative is, like you say, grinding blood elves or demons. I think a lot of people enjoy the dailies more than they enjoy pure grinding, even if that's not saying much. As to the time:gold analysis, a depressingly high percentage of people i've talked to try to directly farm whatever mat they want at the time. So i think it's a big assumption to say that people usually make smart economic decisions with their farming time.
I agree that the dailies get boring, but the alternative is, like you say, grinding blood elves or demons. I think a lot of people enjoy the dailies more than they enjoy pure grinding, even if that's not saying much. As to the time:gold analysis, a depressingly high percentage of people i've talked to try to directly farm whatever mat they want at the time. So i think it's a big assumption to say that people usually make smart economic decisions with their farming time.
The average wow player does not usually know how much he could farm in an hour. They see 200g worth of primals and set to farm the primals as 200 is more than they "feel" they can spend on something. They then spend 2-3 hours farming the primals. You on the other hand spend one hour at BT steps and farm 200+g in that hour, and go buy the primals. Average playerbase is sometimes far too stupid than one could imagine.
With 25 dailies most of the average lackluster wow population will be doing 10, up from 5, not 25 up from 10. Now poeple do Ogrilia and perhaps netherwing dailies, and often only half of each as the others are too timeconsuming. With the new series of dailies people will be doing some of them along with part of their previous run.
On the gold obtaining aspect I just started a char on another server, noone there to help no nothing. I bought [Copper Rod] for 1s24c and sold it for 1g20s at the AH. That got me started on getting gold, then being a human and spending some time camping Darkmoon fair has led me to 200g in less than three days, with about 1 hour each day of intermitent camping of the vendors there. While not great money if you have a 70 that can farm, for those who wish to start on another server its a decent way to get an early cashflow.
The average wow player does not usually know how much he could farm in an hour. They see 200g worth of primals and set to farm the primals as 200 is more than they "feel" they can spend on something. They then spend 2-3 hours farming the primals. You on the other hand spend one hour at BT steps and farm 200+g in that hour, and go buy the primals. Average playerbase is sometimes far too stupid than one could imagine.
Might be a stupid question, but do you mean the protadin packs or the other mobs?
The thread is bit unlike the other threads in this forum. Its not really a completely free flowing forum of information because people (if they are smart) aren't sharing their real money making methodologies. For example, I make ~3000g per week and I never leave Stormwind City. I have not see the technique I used mentioned here but I am sure others are aware of it even its ridiculously simple and the continuous viability of it is proof its not widely known.
Of course, but I think sharing whether you are killing supplicants/initiates or the other mobs won't take away your AH niche. Anyways, how good are they compared to the Legion Hold warlocks? I tried searching the thread but the search system doesn't like me.
The thread is bit unlike the other threads in this forum. Its not really a completely free flowing forum of information because people (if they are smart) aren't sharing their real money making methodologies. For example, I make ~3000g per week and I never leave Stormwind City. I have not see the technique I used mentioned here but I am sure others are aware of it even its ridiculously simple and the continuous viability of it is proof its not widely known.
I might lean myself a bit far out of the window, but i dare saying, if YOU don't care telling us how you make money, WE don't care if you make 3000 gold or 10 gold a week. This thread is about sharing, not boasting.
I might lean myself a bit far out of the window, but i dare saying, if YOU don't care telling us how you make money, WE don't care if you make 3000 gold or 10 gold a week. This thread is about sharing, not boasting.
QFT, if you aren't going to add anything do the discussion don't waste my 10 seconds reading your total lack of information.
My guess is you buy limited supply recipes in Stormwind and resell them at the AH, something which is pretty widely known (except to those you're making money off obviously).
On that account, selling limited supply recipes from around the world is usually a safe bet, not only because people may not know about it, but also because they do not care to travel that far for an item that might not even be there. The AH functions like a convience store in that case.
As for me, I'll be stocking up on Earthstorm Diamonds and maybe farm some wind scales for 2.4
I think we all know about the money available through limited supply recipes, farming motes, buying to disenchant/prospect, and leveraging/timing inefficiencies in the market with auctioneer. I make 1000g/day doing that stuff. This thread is more about more novel techniques; timing and stockpiling for patches, buying out/relisting markets, predicting future demand, managing risk, etc.
The Earthstorm Diamond market is really throwing me off right now. Currently, ESD go for about 65g uncut on my server while their cut versions go for anywhere in the range of 95-120g. I have a nice set of about 10 waiting for the patch and I buy 2 or so a day, cut and relist for a 30g per profit. Skyfires on the other hand are all staying pretty strong. Uncuts go for 100 while their cut versison go from 110-130. I usually don't dab into that market too much unless I find a cheap skyfire (sometimes I snatch a 70-80g one).
Also something I found recently is that small prismatics have been going for more per than large. Smalls have been selling for me for 10g per while larges go for 25 per. It's not a huge profit margin to actually buy the larges and relist, but if you have larges, breaking them down is a way to make a little extra gold for your mat.
As for rare vendor patterns, do they really sell well? I've seen some over in STV and other places, but usually don't both too much since I figure that most people don't care too much about having every pattern, esp one they prob won't use. What are some of the decent ones that sell well, or is that asking too much? If you don't wish to share this info, perhaps a link that has info on rare vendor patterns (rare as in how often you see, not quality).
I bit the bullet on a pattern for Runed Arcanite Rod when I was levelling my enchanter today. It's a rare vendor pattern from a vendor in Moonglade, if you have the rep to get there. Other ones that people will often buy on the AH are the first aid books and even tailor patterns for things like Stylish Tuxedo Jacket/Pants... But for any of these you are only going to be making 1-10g per item, and there's only a limited supply of people who aren't going to research where the patterns come from... It's not like it's a big money puller.
The recipes for the blacksmithing weapon quest, for one, or the recipes in this thread.
Simply park an alt with +- 20g in STV, Moonglade (good luck getting a lowbie alt there without the lunar festival) and other locations of interest and mail them to your banking alt.
Last edited by Zeuter : 03/16/08 at 7:19 PM.
Reason: Link clarified
As someone mentioned earlier in the thread, for some good old grinding can be very effective. Over this past weekend I farmed primal fires at hand of guldan, I was lucky enough to have the whole area to myself from 1am - 5am both Saturday and Sunday morning and was able to pull 10 primals per hour.
Now I'll admit im a well geared shadow priest and that it is quite odd hours for farming (not doable by all) but at 10 primals per hour plus trash drops I was making just over 300g per hour (once all primals have sold).
Another little tip ive recently found out, and im sure this has been posted before but ill post it again anyway, selling arcane dust in stacks of 6/8 or 12 gives much greater profit than selling in bulk stacks of 20, and if other servers are anything like mine selling by 6/8 or 12 means your not competing with the 100+ other sellers listing dust in 1's or 2's. Selling my dust this way ive been able to make close to 2g per dust for the past few weeks.
The only major mats that are (as far as I know) completely unaffected by 2.4 are primals. All enchanting mats are becoming more accessible (Do not forget that the new dailies in outland all give a random green). Gems are being devaluated. Money income will be easier with the huge daily hub. But nothing new will give out motes or primals. And with people making more gold/hour, they're less inclined to farm primals at the old rate too.
It's my only sure bet of items that will become more expensive. I think if you want to play the market, use gold to buy up primals now.
The only primal I would invest in are Fire
Fire has very few sources, like Fel Iron, and Elementals in BEM and SMV
Air, Water, Shadow, and Mana, are very easily farmed. The first two are insanely farmed by engineers. The air and warter markets are down over 30% of their pricing since the beginning of the year. What used to sell in the 20s is now in the mid teens and has been lower. Primal mana is bouncing to the twelves! Earth - essentially free - a by product of the jewelry adamantite farms.
As an enchanter (and a fresh 375 LW), what should I be doing in preparation for 2.4? I am trying to gather enchanting mats, I have around 50 LPS, 30 GPEs and around 30 AD. Probably have to work on AD more.
I am just a fresh LW, haven't reached exalted with most outland factions so am lacking recipes in both Ench and LW, but for Ench especially I can do Mongoose, Cat's swiftness and the other normal ones.
I am sitting on around 1300g right now (got my epic so no worries there).
My big worry is that the LPS market won't pick up with the 2.4 release, it has already gone down from 26-27g+ to 21-22g on my server.
Not sure its been mentioned yet but with the next patch, some cooldowns are being removed from transmutes. I'm not sure there's much gold in arcanite, but there's a fair bit of gold in ... gold. Gold ore is really useful for anyone levelling mining -- has some uses for jewelcrafters and blacksmiths too -- so the iron->gold transmute could be worthwhile until people twig to it.
The thread is bit unlike the other threads in this forum. Its not really a completely free flowing forum of information because people (if they are smart) aren't sharing their real money making methodologies. For example, I make ~3000g per week and I never leave Stormwind City. I have not see the technique I used mentioned here but I am sure others are aware of it even its ridiculously simple and the continuous viability of it is proof its not widely known.
Buy mats, craft, DE, sell LPS's? There are a handful of recipes that can make that much if your server's LPS prices haven't dropped too far for it. Or you could just buy all of the LPS's and sell them for 3-5g profit. If you sit there long enough you can easily make 3k in a week. If you combine both of those methods I wouldn't be surprised to see 5k in a week.
It does require watching the AH frequently, and having the JC or Tailoring Pattern (I'm sure there is another one, but I can't think of it right now).
Kumar, if the prices don't pick up when 2.4 comes out, wait until the Smith is unlocked and new Badge gear starts coming out, that should pick it up a bit. Absolute worst case scenario, Season 4 will make the value of all enchanting materials skyrocket.
On vendors with limited supply items is it required to open the vendor new to see the limited items when they reappear?
Got a few guildies camping Dark Faire and I was curious if that is required as it seems it would get old. Yet one has pulled blue gems and multiple primals too; the vendor sells motes too
03/14/08, 2:38 PM
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