The icy art of making gold - Page 71

benisapha · 09/15/09, 10:30 AM

@ Silverstorm, I was in no way suggesting that you buy gems for 4.25, although the person selling them is losing money in the stupidest way possible. I was more suggesting that if you prospect, it is often more profitable to cut and vendor slow selling cheap gems, then to pay the deposit and have to relist them. It takes very few returns for that gems you sell for 9 gold to actualy net you less than 4.5 g , and can even be a loss.

With the amount of saronite that I prospect, there is no hope of me selling all of the green/orange/purple rares i get, so I simply sell them in the most efficient manner.

@ the last poster, the addon you are looking for is Auctioneer. Just browse for Cardinal ruby, and look down the list. Little Sparky's Workshop will give you the same data, but I believe that it is historicaly weighted, and will update you as i figure that out.

Also, it seems that we are somewhat beating this potion of the market to death in these forums, I am still looking for the next new idea, and for those who say inscription is dead, it is netting me decent proffits, it is just a large investment to carpet bomb the market.

Kevmar · 09/15/09, 11:59 AM

Check out BulkMail2 for auto mailing stuff. It lets you set up lists or types of items to be sent to set characters. My main AH mule auto mails ore to my JC. My JC auto mails the crafted items to the enchanter. My enchanter auto mails the DE mats back to my centeral AH mule. I also do that with cloth and leather to other alts.

rexxed · 09/15/09, 7:18 PM

Also, it seems that we are somewhat beating this potion of the market to death in these forums, I am still looking for the next new idea, and for those who say inscription is dead, it is netting me decent proffits, it is just a large investment to carpet bomb the market.

I don't think there is any specific next big market. What I've found is that expanding my business to multiple smaller markets provides me with an opportunity at more returns. There's a limited number of buyers, but there's a lot of different things to sell those buyers.

For example, like many of us, I buy a lot of Saronite Ore. Sometimes I get tired of the prospecting/gem cutting grind and I will use blacksmithing to make it into Tempered Saronite tanking pieces. There's a good amount of profit in selling those pieces for 45-65g, but they don't sell in massive quantities, maybe a few suits a week. To avoid competing with people dumping those pieces who used them to work up their blacksmithing, I focus on the pieces that are mixed Cobalt/Saronite (have to buy some cobalt but it's not that pricey, either). I also use engineering to turn saronite into arrows, or mix it with more cobalt/crystallized water to make bullets. Similarly, if eternals are cheap enough, I will use some saronite to make Eternal Belt Buckles.

In the above example, the profit margins aren't as high as gem cutting the blues and disenchanting green rings/necks. However, when you reach a saturation point in the gem/enchanting mats market and want to save a little time but still make a decent profit, there are still plenty of things to use your raw materials for.

Divinar · 09/16/09, 1:10 PM

Has anyone else who works the glyph market figured out a way to circumvent the problem of having 200+ types of glyphs to deal with?

I'm looking for an addon that will allow me to set up glyph lists which let my crafter auto-mail certain glyphs to different characters.

For example, I'll have one alt for listing only the Death Knight, Druid, and Mage glyphs. Another alt for Hunter, Shaman, Rogue, and the third alt handles the other 4 classes. This would let me keep my ENTIRE stock of glyphs in their inventory at all times, which significantly reduces the time required to list them since I won't have to make several trips back to the bank to swap out groups of 80+ glyphs. It would be FAR quicker to just log on and off 3 different characters to check for undercuts and relist.

I've spent some time looking for something like this today, but came up empty.

Any other Glyph Barons who have solved this problem?

I wonder if there is a way to do this with the in-game scripting/macro system.

Zalmoxes · 09/16/09, 8:04 PM

redacted

Starfire · 09/17/09, 3:59 AM

On the topic of macros, two quick questions.

Is there a way to make a disenchant macro to use the item specific to a slot in a bag? Like for example, to always disenchant the slot 1 in bag 1 (backpack).

Second, is there a way to initiate a cut/skill/enchant from a macro? Like for example enchanting Icewalker to an item/scroll or cutting a Runed Scarlet Ruby just from a macro press?

[e]a third, and better question. Where can I learn about the functionality of WoW macros? I am willing to read up if someone can point me to a good place.

Malcophant · 09/17/09, 4:25 AM

On the subject of addons, one mod that I have yet to see mentioned is QuickAuctions (Quick Auctions 2 : WoWInterface Downloads : Auction House) I use it mostly with glyphs, and it has proven to be simply invaluable. I won't give a full description here, but the main feature that I use on it is the summary, which allows you to scan a section of the market, sort by price, and queue up crafting, all from the same window. It has been extremely useful to make a wide variety of glyphs (I usually make 10 of the top 7 glyphs for each class).

Just to re-iterate what others have said, the key to making money in glyphs is diversity. A single glyph has pretty low demand, but the overall demand for glyphs is rather high (especially on raid nights).

• Rezarel · 09/17/09, 10:15 AM

Originally Posted by Starfire

On the topic of macros, two quick questions.

Is there a way to make a disenchant macro to use the item specific to a slot in a bag? Like for example, to always disenchant the slot 1 in bag 1 (backpack).

Second, is there a way to initiate a cut/skill/enchant from a macro? Like for example enchanting Icewalker to an item/scroll or cutting a Runed Scarlet Ruby just from a macro press?

[e]a third, and better question. Where can I learn about the functionality of WoW macros? I am willing to read up if someone can point me to a good place.

1) Haven't tried this, but I think it should work

/cast disenchant
/use 0 1

(see WoWWiki's /cast documentation)

2) Assuming the tradeskill window is already open, here's some lua code. To convert it to a macro, toss a /run in front and delete all the newlines (item is a string containing the item name, e.g. item = "Runed Scarlet Ruby", and quantity is an integer).

local index;
for i = 1, GetNumTradeSkills() do
	if(GetTradeSkillInfo(i) == item) then
		index = i;
	end
end

DoTradeSkill(index, quantity);

For enchanting vellums, you'll have to add another line to the macro after the /run line containing "/use Armor Vellum III". If you're running low on characters you can rename index to something shorter.

3) The best pages I've found so far are WoWWiki's Macro API and WoW API, but those are references and don't do a good job of answering the question "how do I do this?"

mindwalkr · 09/18/09, 2:37 PM

Originally Posted by Divinar

Has anyone else who works the glyph market figured out a way to circumvent the problem of having 200+ types of glyphs to deal with?

...

Any other Glyph Barons who have solved this problem?

Your problem is wanting to keep stock. I solved this by using a JIT (Just-in-Time) approach. My workflow is:
1) Scan AH
2) Make new glyphs of anything that has sold.
2.5) Hearth to Dal and trade for more inks if needed
3) Post newly made glyphs
4) Cancel any that are undercut
5) Fetch from mail and post undercut glyphs

Bonus steps:
6) Rescan and cancel/repost and undercuts or make more and post for any that were sold in the hour it took to do this.
7) Buy cheap northrend herbs and turn them into inks.

Malcophant · 09/18/09, 3:28 PM

Originally Posted by Divinar

Has anyone else who works the glyph market figured out a way to circumvent the problem of having 200+ types of glyphs to deal with?

I'm looking for an addon that will allow me to set up glyph lists which let my crafter auto-mail certain glyphs to different characters.

For example, I'll have one alt for listing only the Death Knight, Druid, and Mage glyphs. Another alt for Hunter, Shaman, Rogue, and the third alt handles the other 4 classes. This would let me keep my ENTIRE stock of glyphs in their inventory at all times, which significantly reduces the time required to list them since I won't have to make several trips back to the bank to swap out groups of 80+ glyphs. It would be FAR quicker to just log on and off 3 different characters to check for undercuts and relist.

I've spent some time looking for something like this today, but came up empty.

Any other Glyph Barons who have solved this problem?

I wonder if there is a way to do this with the in-game scripting/macro system.

I simply use one character for my glyph posting, with 4 packs of endless pockets (glyph bags). I log on him a few times per day, grab the money from sold glyphs, and expired glyphs, go to the AH and cancel undercut auctions (<3 quick auctions for that). Grab the cancelled auctions from mail, and then repost, along with any new glyphs I've made. I really can't recoommend quickauctions highly enough when dealing with glyphs, after you get past the initial setup, you simply click one button to cancel any undercut auctions, and one button to post all your glyphs.

burghy · 09/19/09, 6:42 AM

Originally Posted by Divinar

I'm looking for an addon that will allow me to set up glyph lists which let my crafter auto-mail certain glyphs to different characters.

Bulk mail which was mentioned before has an autosend feature. You can add Item Type -> Glyph -> Death Knight for one char (as an example)

Corroc · 09/19/09, 5:11 PM

How do you find out what items have been undercutted, any addon for that? or just manual?

I have just started my glyph market and I haven't been looking that much for item that has been undercutted but I guess I could start to look after that also.

♦ gcbirzan · 09/20/09, 4:51 AM

He's using Quick Auctions 2, which works somewhat well, even though you have to add items you want to track to groups, which in turn is a major pain if you have a lot of stuff you want to sell.

MetallicaRulez0 · 09/20/09, 1:19 PM

Originally Posted by Corroc

How do you find out what items have been undercutted, any addon for that? or just manual?

AuctionLite has this functionality. In the Buy Tab it has an option to display your auctions. The ones that have been undercut will be highlighted, and you can click on that item in the list to go to a listing of all items with that name. Then you Ctrl-Click each one you want to cancel and hit a button. The only downside I've found is that it takes 2-3 minutes to list your auctions if you have a lot up (like I always do).

emmjay12 · 09/20/09, 2:37 PM

Originally Posted by gcbirzan

He's using Quick Auctions 2, which works somewhat well, even though you have to add items you want to track to groups, which in turn is a major pain if you have a lot of stuff you want to sell.

If you only want to use it to cancel undercut auctions you can use a space for the filter and everything in your bag will be added

Machinator · 09/21/09, 2:03 AM

Are there any of these addons that can remember different what other characters on the same account are selling? So I can scan on a crafter, see what my bank alt is already selling, and make what I'm not.

Starfire · 09/21/09, 2:57 AM

Originally Posted by Machinator

Are there any of these addons that can remember different what other characters on the same account are selling? So I can scan on a crafter, see what my bank alt is already selling, and make what I'm not.

QuickAuctions does that... but it also doesn't appear to play nicely with Auctioneer. Or actually, my biggest complaint with QA2 right now: 1.) I can't move the damn QA button from the minimap and 2.) I can't see my current listed auctions in the Auctions tab of the AH.

But QA2 is too good to pass up if you're in the Inscription or Enchanting Scrolls market.

Malcophant · 09/21/09, 4:27 AM

Originally Posted by Starfire

2.) I can't see my current listed auctions in the Auctions tab of the AH.

Click the log button and the log will hide, showing you your current auctions. Click it again and it will bring it back.

Ashankt · 09/21/09, 8:13 AM

Originally Posted by Machinator

Are there any of these addons that can remember different what other characters on the same account are selling? So I can scan on a crafter, see what my bank alt is already selling, and make what I'm not.

I use a combination of altoholic and bagnon to make sure I don't double ah post.

The alternative is to set up 1 alt get them in a guild by themselves and then have them do all the auctions you want. Of course other sellers will spot your name more often though so it's entirely up to you.

bobxii · 09/22/09, 9:55 PM

Originally Posted by Ashankt

The alternative is to set up 1 alt get them in a guild by themselves and then have them do all the auctions you want. Of course other sellers will spot your name more often though so it's entirely up to you.

Or you can set up multiple characters, but have them split up by item type to prevent cross sales. For instance, I have an enchant mat mule/AH, a general everything AH mule, and an herb AH mule. The general mule has a single item of every thing I am interested so I don't have to do a complete scan (with Auctioneer).

Little Ball of Hate · 09/24/09, 3:43 PM

I'm reasonably new to large scale gold/resource manipulation, but already I've taken a significantly different approach than any I've read so far in this thread. It's worth noting, however, that my approach requires alts (or rather, more than two professions). I am very opportunity-cost sensitive, so the significant time investment needed for full market control is an issue I take seriously, and try to avoid.

I have a Engineer/BS, JC/Ench, Alchemist/Miner.

Every day, I do my JC daily and sell the Dragon's Eye. I put up exactly one Mechanical Toad from my Engineer for 200g on my server. I create one Titansteel, Transmute one rare gem, and create one Icy Prism. Put in a different way, I use all my day-long-cooldowns.

Each of one of these nets me 100-200g per use. All told, this is ~600-700g per day for about 20-30 minutes of work. While I do play the prospecting market on occassion, I've found the time investment to be significantly higher for the same return. Of course, the prospecting market does have the advantage of being repeatable ad infinitem: if I absolutely needed 2000g today, I'd certainly resort to prospecting, but presuming that never happens again (it shouldn't, with my bank account), making a steady income of 700g per day with extremely small time invested seems ideal to me.

I'd compare it to something like Sons of Hodir farming. Doing the dailies returns a very high rate of Reputation/Hour, but is clearly limited to a set amount on a day by day basis. One can farm more rep per day by farming Relics of Ulduar, but the rate of Rep/Hour is far slower, and your time is thus used less optimally. Is my thinking wrong here? Does anyone play the JC market well enough to have 700g returns in 30 minutes with little or no hassles? I'm dealing with very low volume (four items), but sell these consistently at very high profit margins with virtually no hassle, no reposting, and no AH monitoring.

Starfire · 09/24/09, 7:27 PM

I don't think that's new per se. It's just kinda deeper in the thread and more obvious.

I myself do the JC daily x3, I transmute x3 (w/ mastery), I do icy prism x3, and every 4 days I do 3 different cloths x2.

But this takes significant time to setup. And it's also a huge huge investment. Both in time and money. I recently level'd Alchemy on an alt and it cost me under 2,000 gold. I know I will make that back with transmutes, but it was an investment to level to 65 and then level alchemy to 450. I pretty much make 1,000g just by logging on my characters and spending 20 seconds.

In theory though, extrapolating a bit. A person with enough time running 10 Alchemist and 10 JC's can make an easy 3-5,000g per a day in all of 25-30 minutes.

Merovengian · 09/24/09, 9:13 PM

I don't believe the general point of this thread is to list what is technically easiest or most convenient, but to provide guidance on how to generate large sums, maximize profit per item/resource, or generate useful items out of rather useless materials. That said, anyone with enough time and empty character slots can make 10 JCs and do the daily 10 times. That doesn't really take much intelligence.

Dragoneye's made me a small fortune at the start of Wrath. This motivated me to make 2 JC Alts, and later 3 Alchy's to transmute. Alone they make around 1.5 -2k a day for basically doing nothing. This is True.

Buying all saronite ore under 16g/stack... and I mean ALL, and then prospecting>JCing>DEing>posting mats generates on an average day 5-6k gold. 1 main and 1 alt can do this.

It's boring, but not extremely slow with the right macro's. And unlike posting 10 dragonseye's, there will always be a market for dust.

Sustainability.

MetallicaRulez0 · 09/25/09, 12:43 AM

Originally Posted by Little Ball of Hate

I'd compare it to something like Sons of Hodir farming. Doing the dailies returns a very high rate of Reputation/Hour, but is clearly limited to a set amount on a day by day basis. One can farm more rep per day by farming Relics of Ulduar, but the rate of Rep/Hour is far slower, and your time is thus used less optimally. Is my thinking wrong here? Does anyone play the JC market well enough to have 700g returns in 30 minutes with little or no hassles? I'm dealing with very low volume (four items), but sell these consistently at very high profit margins with virtually no hassle, no reposting, and no AH monitoring.

I do 4 JC dailies per day, cut 4 icy Prisms, transmute a Cardinal Ruby, and have 2 tailors for cloth transmutes. I use all of them every time they're up. Even with all that, that cash income while significant for sure, pales in comparison to the money I make buying raw epic gems and cutting them into the flavor of the day. I just spam a macro with "Buying Gems blah blah" and the tells just flood in. Apparently people like giving away gold, that's pretty much what selling raw gems translates to.

Enova · 09/25/09, 5:09 AM

Selling raw gems is a profit for some people. Lately I've been hitting the battlegrounds, farming some achievement points for hours at a time, and the honor just keeps on rolling in, at a rate of 30-40k a day. I'm not selling those gems, but provided there are people who obtain epic gems as a byproduct of doing something else that they expected to generate no profit, then they are turning a great profit for the effort they actually invested in obtaining the gems.

If it wasn't profitable for them to sell the uncut gems, it would suddenly stop being profitable for you to buy them, cut them and repost them.