People don't buy more than 3 glyphs at a time, and that's 3 different glyphs too.
This perception is a foreshadowing of the next probable step in the glyph market: glyphs as consumables. Since glyphs can be applied any location, there is no need to limit yourself to three glyphs if another is better on a certain fight. I know, for example, that hunter glyphs are very situational; Glyph of the hawk is bad on movement fights, glyph of kill shot is better when there are adds, etc. I also recently had a balance druid guildie request 5 each of glyph of insect swarm and glyph of starfall (or starfire, I can't be bothered to remember) to switch in and out on certain fights.
Now, this is currently something only raiders would do, but still, there should be a way to cater to and encourage this market.
The obvious choice is to list stacks of 5 or so at a slight discount. Any other ideas? Any other glyphs spring to mind?
The obvious choice is to list stacks of 5 or so at a slight discount. Any other ideas? Any other glyphs spring to mind?
I do not follow the glyph market whatsoever, but from personal experience, priests do like to switch up their glyphs more like a consumable, depending upon the fight. Flash heal, Holy Nova, Prayer of Healing, Guardian Spirit, Power word:Sheild. I know I like to keep a stock of them on hand, and will buy them when needed even at slightly inflated prices due to their availability on the AH. This again is a raiders perspective.
Change of topic: Does anyone know of/utilize any good farming places (gathering professions excluded), ie Storm Peaks for Relic's of Ulduar. Farming was fairly popular in BC, but I don't hear as much about it now probably due to high gold dailies. The relics seem like the only profitable item to specifically farm for, same for eternals. These can't be the only things people farm for. Sometimes I need a break from the AH, or have a little bit of time on my hands late at night with nothing to do, farming seems a viable choice, especially since it is a pure 100% profit.
If he is trying to make as much money as possible (the purpose of this thread), he will find the equilibrium price and cater to both, thus maximizing overall profit. It seems rather counterproductive to me to ignore such a large segment of the market. We can argue the slope of the demand curve all day, but my post was suggesting that his view of demand is erroneous, and I think it will help other Scribes make their own determinations of where the demand curve lay.
Darian covered everything else in response to your and barrett's posts.
I think this thread is also about efficiency. Perhaps he's looking to make the most amount of money with the least amount of work. I would imagine making/selling 2 glyphs at 80g each is quite decent if you look at the time spent.
I mean lets be honest, I can find productive activities to do with the AH for every minute of every hour of everyday the AH is open, for the most part. But I am not terribly interested in doing that. I make money, but I don't spend hours on it.
Originally Posted by arison
Everyone should start from the same place and rise based on their abilities, desires, and schedule. No one plays MMOs to *be* powerful, they play MMOs to *become* powerful. It's the journey, stupid. The rarer loot is, the more cherished it is when you get it, but only so long as there is a reasonable expectation to get it. The rarer loot is, the better it feels when you kill a boss or when $AWESOME_TRINKET drops.
BC had so many sellable drops in addition to BoEs (Heart of Darkness, gems, primals, etc.) that it was a simple matter to build a sizeable gold reserve. With ToC, the BoE market has softened to the point where we are operating in the red for repairs and consumeables. The Runed Orb market has completely collapsed (2k down to 300g). Do you guys find that the BoEs adequately fund your Guild Bank?
BC had so many sellable drops in addition to BoEs (Heart of Darkness, gems, primals, etc.) that it was a simple matter to build a sizeable gold reserve. With ToC, the BoE market has softened to the point where we are operating in the red for repairs and consumeables. The Runed Orb market has completely collapsed (2k down to 300g). Do you guys find that the BoEs adequately fund your Guild Bank?
What kind of services do you offer to your raiders?
If your raiding members bring their own flask, pay for their gems and enchants you shouldn't need any serious income for paying fish feasts, repairs for tanks and the occasional flask for the slacking guildie.
A possible solution is to convince your officers that a taxation system (like 80-100g each week per each person) should be plenty to cover the expenses; with 30 raiding members paying 100g you're looking at a 3k gold weekly income which while not demanding for the single person, ensures that you'll always have the gold for whatever your members will need
If you still farm Ulduar10/25, yeah BoEs should be enough. Some people are still willing to pay 500g/Ulduar pattern, so that may work as well. I can sell about 2000-3000 gold of BoEs a week, but that is because we stocked up really heavily on patterns and BoEs before 3.2. Runed Orbs don't sell well, but maybe you can use your guild bank to buy some crafting mats and make epic crafted items to sell for more money?
I also take a bunch of gold from the gbank and invest it like I would on my regular characters, and the returns turn out nicely if you know what you're doing on the AH.
Our guild is the #1 on our (low pop) server, so we can dominate the epic pattern/orb market very well.
edit: Our gbank gives all herbs and combat potions, and we constantly buy all cheap mats for stock. We haven't really lost money since our guild started with 10k gold.
I lead a 10-man guild so I'm not sure how much of this would scale to 25-man, but right now we're operating about break even. We supply all food & flasks, and sometimes repairs. Mostly this comes from Ulduar crafting patterns from 10-man hard modes. A lot of these patterns still sell for 1000-1500g (I have no idea who buys them, but I am sure there are completists out there). If someone in the guild has a pattern then we sell any duplicates.
I imagine we'll do this with the Coliseum patterns too. If these drop too infrequently, it won't hurt us to run at a loss for a while as we've got a reasonable amount saved up now.
In the distant future I think you could consider starting to sell Trophy of the Crusade drops from 25-man. If your guild is able to run 25-man, 25-man Heroic, & two 10-man Heroics (assuming they drop in 10-man Heroic...) each week you should find everyone geared up pretty quickly and not need them after 5-6 weeks.
Patterns from Ulduar still sell well, and there are ocassional BoE patterns that still make money. We sold some rusted proto-drakes and Ulduar 10 gear as well for a hefty amount which gave us a good buffer. Once you start doing coliseum hard modes and Orbs become purchasable I suspect orbs (from either badges or just drops) will start providing a decent profit as well.
Change of topic: Does anyone know of/utilize any good farming places (gathering professions excluded), ie Storm Peaks for Relic's of Ulduar. Farming was fairly popular in BC, but I don't hear as much about it now probably due to high gold dailies. The relics seem like the only profitable item to specifically farm for, same for eternals. These can't be the only things people farm for. Sometimes I need a break from the AH, or have a little bit of time on my hands late at night with nothing to do, farming seems a viable choice, especially since it is a pure 100% profit.
I would like to know if anyone has any special spots as well, used to duo the Path of Conquest with my friend back in the day, constant pulling and guarenteed money from arcane tomes and sunfury signets was quite nice. Its still a decent spot because of folks lvling old world reps but i was just wondering if anyone knew of a similar spot in northrend.
I would like to know if anyone has any special spots as well
Well, maybe this is silly but if you're the sort who would love one of those turtle mounts you could do worse than to fish loads of high value fish pools (glacial salmon or dragonfin angelfish in my experience) hoping for the mount and making decent cash along the way. Yeah, not quite what you asked for but something that shouldn't be forgotten. Killing two birds with one stone is always a great idea (i.e. farming something you want while making good if not great money).
There is a good farm spot I used heavily before 3.2 for farming eternal fire, which is a cave in Storm Peaks, I can't remember the name of it, But if you look at the storm peaks map, and east of the terrace of the makers there are 2 caves the northern of the 2 caves is where I farmed.
The mobs in there all drop elemental fire and they are on a fast respawn timer so its really easy and the drop rate from my experience was quite high, I think in just over an hour I managed to farm 6 or 7 eternals. I found it quite an easy farm area but since 3.2 at least on my server the eternal fire prices have dropped so I dont bother so much anymore.
There is a good farm spot I used heavily before 3.2 for farming eternal fire, which is a cave in Storm Peaks, I can't remember the name of it, But if you look at the storm peaks map, and east of the terrace of the makers there are 2 caves the northern of the 2 caves is where I farmed.
The mobs in there all drop elemental fire and they are on a fast respawn timer so its really easy and the drop rate from my experience was quite high, I think in just over an hour I managed to farm 6 or 7 eternals. I found it quite an easy farm area but since 3.2 at least on my server the eternal fire prices have dropped so I dont bother so much anymore.
I farm that cave too. In my server Eternal Fire are going at 30g+ each. And I can farm 10-12 in one hour as a feral.
This is a spreadsheet that I use. I have never used Google Docs before, so forgive me if that link doesn't work, IM me or something to let me know. This spreadsheet is intended for someone with a JC and an Enchanter, prospecting, cutting gems and turning uncommon gems in to jewelry with crystallized earth.
The way it works:
Put in your cost per stack of Titanium or Saronite Ore, put in the values for uncommon, rare, and epic gems on the left columns. I should note that the top section is only saronite and the lower section is only titanium, so you have to put those prices in individually. Also input the DE mat values that you will be selling them for, Infinite Dust, Greater Cosmic, and Dream Shard.
It should spit out information regarding your cost per prospect, your profit per prospect, gross profit and net profit. It has worked really for me and I prospect around 50-100 stacks of saronite a day. I haven't ventured in to Titanium just because its margins seem a lot tighter on my server.
EDIT: I should note that the long, bolded equation is the equation I've found and gone with. Anyone with additional input on its validity would be much appreciated.
Change of topic: Does anyone know of/utilize any good farming places (gathering professions excluded), ie Storm Peaks for Relic's of Ulduar. Farming was fairly popular in BC, but I don't hear as much about it now probably due to high gold dailies. The relics seem like the only profitable item to specifically farm for, same for eternals. These can't be the only things people farm for. Sometimes I need a break from the AH, or have a little bit of time on my hands late at night with nothing to do, farming seems a viable choice, especially since it is a pure 100% profit.
RE: relics of ulduar, I have been farming them from a cave on the far left mid side of storm peaks, north of frosthold. There are dark iron dwarves here that are fast respawn, and are absolutely kill fodder for my DK. I have been getting decent amounts of relics, cloth and greens. It must be a good area, because I have seen three or four bots in the area, running the same pathing routines. I think I finally got them banned, as I haven't seen them in a few days. It was kind of fun to try and make the bot kill my mob, or just play a game of "don't let the bot get a kill".
As far as other special farming spots, now that you can extend raid lockouts individually, if you have some sort of class that can despawn bosses without dieing, getting it saved to an uld (10 or 25) with auriaya down but freya up can yield you superb numbers of herbs, frost lotus, and eternal earth. I am up to 100 lotus over the past week of casual grabbing.
This is a spreadsheet that I use. I have never used Google Docs before, so forgive me if that link doesn't work, IM me or something to let me know. This spreadsheet is intended for someone with a JC and an Enchanter, prospecting, cutting gems and turning uncommon gems in to jewelry with crystallized earth.
The way it works:
Put in your cost per stack of Titanium or Saronite Ore, put in the values for uncommon, rare, and epic gems on the left columns. I should note that the top section is only saronite and the lower section is only titanium, so you have to put those prices in individually. Also input the DE mat values that you will be selling them for, Infinite Dust, Greater Cosmic, and Dream Shard.
It should spit out information regarding your cost per prospect, your profit per prospect, gross profit and net profit. It has worked really for me and I prospect around 50-100 stacks of saronite a day. I haven't ventured in to Titanium just because its margins seem a lot tighter on my server.
EDIT: I should note that the long, bolded equation is the equation I've found and gone with. Anyone with additional input on its validity would be much appreciated.
I didn't see any epic gems listed in the spreadsheet? Could you explain a bit more on how you use it? I'm in need of some spreadsheet help to get a handle on my JC and this looks like what I've been needing.
I didn't see any epic gems listed in the spreadsheet? Could you explain a bit more on how you use it? I'm in need of some spreadsheet help to get a handle on my JC and this looks like what I've been needing.
It's on the bottom half of the Titanium Ore section. Am (Ametrine), CR (Cardinal Ruby), MZ (Majestic Zircon), EoZ (Eye of Zul), KA (King's Amber), DS (Dreadstone). Basically, the spreadsheet assumes that you'll be making jewellery for disenchanting from your uncommon gems, except for Dark Jade & Shadow Crystals. So to work out the profit, put in your costs, ie titanium ore & eternal earth, and your sales, ie the sale prices for dark jade, shadow crystals, rare & epic gems, and titanium powder.
I didn't see any epic gems listed in the spreadsheet? Could you explain a bit more on how you use it? I'm in need of some spreadsheet help to get a handle on my JC and this looks like what I've been needing.
It looks like someone went ahead and deleted the bottom half of my spreadsheet. I reverted it back to the original that I uploaded and changed the permissions so that people can view it without logging in. I do believe that it will still be available for download, but you will not be able to edit what I have made.
I have posted the equations that I used in my spreadsheet below so anyone can make their own spread sheet. Good luck!
Saronite Ore: (5x Ore = Blue gems + Green Gems * (DEing green jewerly - Eternal Earth))
It looks like someone went ahead and deleted the bottom half of my spreadsheet. I reverted it back to the original that I uploaded and changed the permissions so that people can view it without logging in. I do believe that it will still be available for download, but you will not be able to edit what I have made.
I have posted the equations that I used in my spreadsheet below so anyone can make their own spread sheet. Good luck!
Thanks, I was really confused due to whoever messed it up
What are you creating to get the disenchants out of hte uncommons you aren't using for the spreadsheet? Anything you see giving more value over another or is it just 'whatever lights up as available to create'?
I'm going to test out my server over the weekend to see if I should get into the prospecting market.
Thanks, I was really confused due to whoever messed it up
What are you creating to get the disenchants out of hte uncommons you aren't using for the spreadsheet? Anything you see giving more value over another or is it just 'whatever lights up as available to create'?
I'm going to test out my server over the weekend to see if I should get into the prospecting market.
My recipe for success is:
Buy saronite cheap (under 14g per stack if I can)
Buy eternal earth cheap (under 6.5g per if I can)
Prospect all of it
Cut blue gems into popular cuts and proceed to post them at 50-70% of going market value to ensure a quick sale.
Sell Dark Jade and Shadow Crystal for 75s to 1g per on the AH
Make green jewelry to DE using: 1x green gem (huge citrine, bloodstone, chalcedony, or sun crystal) + 2x crystallized earth
Disenchant the jewelry, convert lesser cosmics in to greater cosmics and small dream shards in to large dream shards.
Post DE mats for 70% or so of market value to ensure a quick sale.
Repeat daily with 50-100 stacks of saronite ore.
Just a note, I've found that having a macro for prospecting and disenchanting lets me do all of this work with little attention needed. The macro I use for prospecting:
#showtooltip Disenchant
/cast Disenchant
/use Bloodstone Band
/use Crystal Chalcedony Amulet
/use Sun Rock Ring
/use Crystal Citrine Necklace
This is my entire process. Just undercut everyone and you'll do fine. It takes pretty much vendoring the cut blue gems and giving away the DE mats to stop making money with this method.
I started cutting most of my bloodstone into Bold, Bright, Delicate, Runed and Subtle because I can sell the non-perfect for 3-5g and perfect cuts for around 20g. Other cuts such as Flashing, Fractured proved to be slow selling so I stopped cutting them.
Has anyone else experienced an increase in the supply (primarily by gold farmers) of Thorium Ore and more recently Mithril Ore on their servers?
I understand Thorium Ore was purchased and prospected for uncommon Vanilla gems sold at inflated prices for leveling Jewelcrafters, and I imagine Mithril Ore for the same reason.
I'm presuming the falling prices of Saronite Ore has had it's toll, leaving gold farmers to find alternatives and I suppose (re)discovering the Pre-TBC ore market.
Either way, prices of Mithril Ore and Thorium Ore, and consequently uncommon gems from Aquamarine through to Huge Emerald are being wildly undercut and falling in price on Deathwing-EU. I still have a few hundred gems to sell (picked up a big Thorium Ore purchase back in 3.1), and I would advise anyone in the same situation to consider selling them with considerable haste.
On the other hand, I guess this means Jewelcrafting should be a lot cheaper to train!
On Misha, the market for Thorium is at about 40-50g per stack, with Azerothian Diamonds / Huge Emeralds / Large Opals selling for 15-19g each, and Blue Sapphires going for 5g at the lowest. I decided to buy a stack of 20 to test the waters, got 3 diamonds and an emerald / sapphire combo. All of the gems sold within about 2 hours, and so it ended up being decent for turnaround, near 100g for a 40g stack. I've taken to casually searching to see what the price of Thorium is once in a while, and if it's under 30g a stack, buying some and prospecting it.
08/27/09, 5:25 PM
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