PageCCCXI

I have been selling chalcedony on my server for 9-12g pretty consistently over the last two months. One day this week, during my daily AH scan, I saw they were listed for 50g+! I thought it was impossible, but I went ahead and listed five at 47g50s and four of them sold. I was dumb-founded.

 

• sordee

Find out which gems are needed that day for the daily? Maybe it spikes on that day?

Druid Tank: Bulamis
DK Tank: Emomo

 

Handyhoof

The price something was at a point in the past is irrelevant. If the price of leather changed, so did the value of the stuff in your bank. If you bought it very cheap, and it went up in price, then your wealth increased (assuming a vehicle to liquidate exists.) At any given point, the profitability of any given conversion is based on the value of the items in question at that singular point, and no other, barring speculation for future change.

Basically, if it's no longer profitable because the price of leather has gone up, then just selling the leather you have will provide the greater return.

 

benisapha

One last tip to end the weekend.

Check the Dream Shard market out again. Prices have doubled in mine, likely due to the fast that diamonds are very profitable currently, and people are making dust out of everything due to the change in quantity from items. Also, the MMO champ article specificaly talked about dust, and most folowers of MMO have near zero creativity.

For me, I netted 1.5k this morning, just from burning through quite a bit of Dark Jade and Huge Citrine. Now the mats would have made slightly more dust, for those who will chime in on opportunity cost, but in terms of time, using 11g in mats to create 14.5 g in proffit in 8 seconds was pretty good in terms of time cost. Along with this fact, I have already pushed the dust market well past saturation, so this is a great outlet (sitting on 1800 earths).

 

Enova

EDIT: <ignore this, I didn't realize there was still one other page I hadn't read>

EDIT 2: Still, if you find people selling Dream Shards at the old prices, buy them out and relist them at the new prices if the supply is low enough.

Guilty as charged ^

 

unitsinc

Has anyone updated this since the new DE change went through? I'd do it myself but I'm not very good at deciphering spreadsheets.

 

Knasen

Anyone noticed new "AH bots" on their servers recently? Apparently the "chinese farmers" has grown a brain and now craft goods which they sell. Problem here is for honest customers, if a guy camps AH 18/7/365 or more, and cancel the second someone undercut them. The room on AH for real players diminish very quickly.

 

savernon

Find their limits, then post at the limit that they will undercut, and buy their stuff?

 

Knasen

What limits did you ever find "farmers" have? 50% below normal mats cost or even lower and near limitless supply with 24/7 presence, cant beat that as human, and that's where the problem is.

 

Handyhoof

If they are removing mats from the system to craft goods, they create an opportunity in the raw material market. Instead of undercutting mats with what they gather, they use it themselves and alter the supply/demand ratio. Find the opportunity and profit from it.

 

ZachPruckowski

I'm not sure that follows as well in Wrath, because come 3.3, you can get your guy into ilvl 219 just by getting dragged through regular ToC (200) and regular Frozen Halls (219), and the Heroic ToC gives 219 while Heroic Frozen Halls is 232. And once we move to EoT dropping from every heroic, that BoE stuff won't look as appetizing.

What I've noticed is spam in trade offering to sell pretty much every ToC25 recipe and Crusader Orbs at really low prices, almost as if they had somehow hijacked a guild vault or something, but it seems like they have them constantly, so they can't have hacked just one vault (especially since we're not as progressed a server, so there's only 2-3 guilds with that stuff in their vault).

 

Machinator

They probably have a couple accounts on hand that they would server transfer rather than having items on each server. There are bots advertising ToC/Uld BoE epics too which I'm pretty sure are the same thing.

"Information is ammunition."

 

Malthes

Those are both good points. My counterpoint to the first is that there is already ilvl 226 and 245 gear available through crafting in four slots, and there will conceivably be a couple of patterns dropping in ICC as well. So, crafting gear gets your alt ready faster than running through ilvl 219 content.

The EoT point is exactly what happened in TBC when Sunwell was released (T6 equivalent gear was available for Badges of Heroism). I don't recall exactly, but was there a price drop in Primal Mights, etc. when Sunwell was released?

 

Otterpop

If memory serves me right, there was indeed a fairly steep drop (40-50%) for the average price of Primal Might once the Sunwell patch hit. Casuals who hadn't run Black Temple were getting T6 equivalent gear by farming badges from Kara and the like. Similarly, the new LFG tool will make farming Emblems of Triumph extremely easy.

With this in mind, it's likely the trade chat spam for crafted epics/BOEs/Orbs from these bots/farmers will diminish greatly once 3.3 hits.

 

Darament

it does help that some of the crafted ilvl 245 items are BiS or close to BiS for a lot of classes. while playing an elemental shaman even though I get to roll on cloth and leather items it doesn't mean that I get priority on them even though they are BiS. so it's easier to craft the harder to get items like bracers. and having those recipies helps because for something that costs about 4k to make I can sell for almost 9k maybe once a week which is really nice for making some easy cash

 

Knasen

This thread has so far been very centralised around "how to make money with x" which of course is the start for anyone.

Myself I started with 5k gold when ulduar hit and have since worked my way up to absurd amount of gold and would like to share some tips on how to go from "casual" to "tycoon" on your AH.

Back then I had leveled JC and enchanting in anticipation of Ulduar, the choices here was just because it was viewed as the 2 best proffesions on this site, got no clue it could make money, but soon after that I started reading this very thread and saw the "convert gems to dust" scheme which later has been "over used" on all servers.
What I want to say with this is simple, you got to start small if you want to get somewhere, this probably just gave me
< 100g per day early on, much worse than any dailies would ever do.

Step 1
Surveying the market

Before you try to enter a market its important to learn its variation during the week. Flasks for example sell in hundred the first "raid-day" after the weekly reset and then sells good again some time during the weekend when the casuals do their raids.
These variations holds true for most markets (but not all) and to max your profit per the time spent this part is very important to understand.

Step 2
"Make your enemies your friends"

If you know the habbits of your competion you can earn tons and tons by logging in right after they logged out and post yours. Learning when and how others post in the market can be the difference between 100g of items sold and 1000g of items sold for the same amount ( absolute numbers will of course change depending on market but the relative difference will stay).

Step 3
Test the waters

Once you have gained some initial knowledge of the markets its time to test it out. DONT make the mistake and go all in with very little resources early on, the other competion will eat you whole if you try to do this in a competive market.
This step is mostly to increase and confirm the knowledge earned during step 2.

Step 4
Secure the supply chain

Before you try and make a market your own its important to stack up on supplies. One of the best deals you will ever find in this game is a guildbank with 3 banktabs, this cost a mere 850g but will let you hold vast resources.
For supplies there is 3 major supply ways; guildies/friends, AH and "other".
If you are lucky you can get a happy farming guildie or friend to supply some of your needs to a good price for both.
AH can give you good deals but its important to know and understand the weekly variation of the goods you are in need of if this is gonna be your major source of materials.
"Other" is one I never used personally but know you can get tremendous deals this way, its just a matter if you think this is an "ethic" way.

Step 5
Step up your business

Its now time to make your presence known. With a large supply of materials you should be able to have to resources to quickly replace any sales and be able to constanly undercut your competition. Be wary of the posting fee's, it can quickly eat into your profitmargin if you are too reckless.

Step 6
Taking control

We are all humans and we all hate "losing". By cutting enough of your competitions sales he might abandon the market to go to other more attractive business or just throwing in the towel. This will never happen over a day but just taking away one other in the market will increase your profit many many times.

Step 7
Ruling the market

If you ever reach this state where you control the prices of the markets your gains will be astronomical. Want to sale something at 2000% profit a few times a day? Yes please! That is what happens here, your competition got very low amount of the total sales and the way the prices turns is decided by you.
This is also the reason why I wrote step 3, I have eaten tons of happy new competition which thought they just could jump in and be "the man" which always ends the same way, they give up and sell of their gods at loss.

Its never as easy as 1,2,3 which I make it look here but I hope I atleast gave you some insight!

One of the most important ways to increase sales is to look at synergies between your existing profession and learn how something from proffesion x can help you in market y. But that topic is for another time.

 

ethannzz

So far the best guide yet.
It's not too specific but gets the job done.

I, personally, am tired of all these guide pertaining to jewelcrafting, mining, etc.
They should not be about the profession itself, but the way you use it.

GJ.