Cold's Gold Factory - WoW AH & Hearthstone Tips, Gifts For Gamers

Tips And Tricks For The WoW Auction House, Hearthstone, Gift Ideas For Gamers, & More

Showing posts with label Market Control. Show all posts
Showing posts with label Market Control. Show all posts

Tuesday, January 15, 2013

Eviscerated Gaming Podcast 34 - "3 Screams w Elvine"

The Eviscerated Gaming Podcast Episode #34
"3 Screams with Elvine"

@elvinelol Elvinemod Twitch TV Livestreamer
Elvine in his 10 Kitten Tee!

Episode #34 - "3 Screams With Elvine"

This week we've got a spectacular episode with special guest host Elvine!  Elvine is a gold making guru, who shot up to over 7 million gold (all legally made) in less than a year of making gold in World of Warcraft!  We talk gold making, Warcraft, cats, crazy stories, crazy edible foods, and more!  Don't miss this excellent episode!

Episode #34 Discussion Topics, Links, & Notes


Recommended Guides: Secret Gold Guide | Journal of Marcus Ty | WoW Secrets

Monday, December 10, 2012

Best & Worst Auction Markets In MoP So Far

This entry is part of the monthly entries into the Gold Blogging Carnivals here at Cold's Gold Factory.

Best And Worst Auction House Markets

For the current blogging carnival I asked the writers to discuss their best and worst auction house markets thus far into the Mists of Pandaria expansion.  The auction house is a living beast that is continually evolving and changing with the addition or deletion of new or old auctioneers.  This expansion has to be the most hectic for me from a competition standpoint.  When coupled with less play time, I found myself leaning more towards the easier to maintain markets with high profits per item sold.  I also tend to prefer markets that are more easily watched on the Remote Auction House due to my limited playtime this expansion. 

These days I prefer to work in markets that are:
  1. Low Competition
  2. High Profit Per Sale
  3. Easily Maintained (Few Cancel / Repost Cycles)
  4. Steady Sales
  5. Remote Auction House Friendly
My Best Market

With these criteria, the absolute best market of mine so far in Mists of Pandaria without a doubt is the Tinker's Gear Cogwheel Market!  The addition of the Ghost Iron Dragonling Trinket and the new Tinker's Gear cogwheels has been a heaven send for my style of gold making.  I can turn a lowly 2 Ghost Iron Bars into 350-450 gold over and over and over with only 1-2 other Engineers posting as competition.  The Ghost Iron Dragonling Trinket is a joke to compete in because of all of the leveling idiots that place next to no value on the trinkets because they craft them while leveling. 

Suprisingly, very few other Engineers are even playing in the Cogwheel markets, which is very shocking given the amazingly high profit per sale.  And the sales continue to roll in because the Trinket is just too nice to pass up at the stupid low prices that players on my server sell it for.  So I let the other fools sell their Ghost Iron Trinkets for next to no profit, while I make a killing off of the Cogwheel Gems they also require for the same Trinket.  Turning 16 Ghost Iron Bars into 2-3K gold on a daily basis is super easy auctioneering!

My Worst Market

The Kobold Invasion is alive and kicking and it seems like every dirty little moronic Kobold is on my server and playing the "I'll undercut you to nothing all day long" game within the now hated Glyph market.  When it comes to Glyphs, I still have about 99% of the Glyphs that I had pre-crafted for the MoP Glyph rush that never happened.  Sure I can list 1000 Glyphs and sell 1 or 2 overnight if I get lucky, but the entire Glyph market is absolute garbage at this point.  It's just not worth any effort at all to buy herbs, mill them, convert them to inks, craft Glyphs, and then pulling 99.9% of them back out of the mail every fucking day.  Just collecting and reposting expired auction mail takes almost an hour for glyphs alone.  No thanks. 

I'm hating Glyphs so bad these days that I'm actually thinking of letting the 2000 or so I already have crafted rot in the mailbox until they get deleted.  Good Riddance!  These dumbass Kobolds can work their fingers raw milling and crafting to sell for less than a gold profit per Glyph, if they even get a profit.  Because at sale prices of 2 gold for a crafted Glyph, I know they aren't making any profit at all, yet they keep on selling and driving properly priced Glyphs into the ground. 

Goodbye Glyph Market!  It's been a great run, but you are no longer profitable and no longer fun either.  Enjoy your new Kobold masters.

How about you guys?  What are your best and worst auction house markets this far into MoP?

**********

Check out some of my Squidoo lenses:  Alliance Vs Horde - Come Vote! | Diablo 3 Gifts For Gamers | Getting Started Podcasting 101 | Play Money by Julian Dibble | Auction House Junkies | Fluxx - My Fav Card Game | Flipping WoW CEs

Recommended Guides: Secret Gold Guide | Journal of Marcus Ty | WoW Secrets

Monday, November 26, 2012

WoW Leveling Goods On The Upswing!

Warcraft On Sale
WoW Leveling Goods Selling Strong Again

Knowing when to adjust your sales tactics on the WoW auction house ahead of the curve is always a way to improve your gold making profitability.  Preparing and stocking up prior to a major patch or an expansion release is always a wise tactics, but preparing for an upcoming WoW auction market cycle is also a great strategy for short term profit increases.  For example:  Leveling goods have been selling quite well this last week, but why are they?  Before you move onto the next paragraph, can you think of a reason or two why leveling goods would be selling better this week?

Captain Obvious Says:  "New Players & Returning Players"


What Market Cycles Would Cause Leveling Goods To Be Selling Better Again?

While "new players and returning players" is a correct answer, let's dig deeper into why there are new players and players returning to World of Warcraft in late Novemeber. 
  1. Thanksgiving School Break (in the US at least) - Thanksgiving week is the first time US colleges and universities shut down completely, which means this is the first time that college students have a full week off from classes.  For some, that means partying on the biggest drunken party night of the year (night before Thanksgiving) and recovering, but for many it means a full week of gaming.  Some college students actually only play WoW on college breaks and summer vacations.  So for some college age students, this past week was the first time they got to dig in to Mists of Pandaria.  High School kids also get an extended weekend for the Thanksgiving holiday, which means more play time for high schol kids too.
  2. Black Friday Week Sales - There have been a ton of great sales during Black Friday / Cyber Monday Week at Amazon, mega in-store sales, and now Blizzard online sales have been added.  All of these great priced WoW boxed set and expansion sales are designed to bring in new players.  Getting caught up to MoP for just $35, is a great way to get new players joining the game and starting their first WoW characters.  They even have the MoP Collector's Edition on sale for $35, which will get you the LE mount and pet for $35.  It's also a great time to buy WoW Collector's Editions for flipping later for a bigger profit too! (Sales ends at midnight tonight - so act fast!)
Thanksgiving breaks from colleges and high schools, as well as the influx of new players brought in from the great Black Friday and Cyber Monday Warcraft sales, are both leading to increase player populations over the last week.  These population cycles happen every year and knowing ahead of time, allows you to prepare for selling those items that the new leveling characters will desire.  I've been able to make a nice dent in the remaining blue leveling gear that I had stockpiled for the Mists of Pandaria launch and of course Mysterious Fortune Card barking and population increases go hand in hand for easy sales.  As the brand new players continue to level up, there will continue to be more sales coming in for leveling characters, but some of these guys will be stalled out until their next break, the big Christmas Vacation.  So if you didn't plan ahead for this market cycle, then be sure to get ready for the influx of Christmas Noobs.

Anyone else seen an increase in sales this week on items that tends to sell better to leveling characters?

**********
Check out some of my Squidoo lenses:  Alliance Vs Horde - Come Vote! | Diablo 3 Gifts For Gamers | Getting Started Podcasting 101 | Play Money by Julian Dibble | Auction House Junkies | Fluxx - My Fav Card Game

Recommended Guides: Secret Gold Guide | Journal of Marcus Ty | WoW Secrets

Saturday, July 14, 2012

August Topic For Cold's Gold Blogging Carnival

Share the Topic | Share the Traffic

Cold's Gold Blogging Carnival - August 2012 Topic

A big thanks to all of the participants who submitted entries for last month's blogging carnival. Everyone is welcome to write a post for the blogging carnivals at Cold's Gold Factory. Again, thank you to all the bloggers who submitted posts for the July Carnival on Tips For the WoW Expansion Lull. If you missed the last carnival, be sure to check it out! 

What If I Don't Have A Blog And I Want To Participate?

If you don't have your own site, you can still participate in the gold blogging carnivals. Sometimes a topic may tickle your fancy or you may have a unique spin on a blogging carnival topic that you would like to have read by others. Well, you are in luck. There are 2 blogging sites that will post and host your content as a guest post. Just follow the normal blogging carnival rules that the others follow and get your post hosted and live prior to the carnival. Then, just submit the link to me for inclusion in the upcoming gold blogging carnival.  

Be sure to check out How To Get More From Blogging Carnival Participation.

The friendly sites willing to host your content are:
  1. Goldgrub's Goblin Academy - Contact: Me (Cold)
  2. Squidoo - Join up and make a lens on the topic and earn money too.
  
August 2012 Gold Blogging Carnival Topic

As WoW gold makers, we must be flexible and adapt our posting, pricing, and relisting strategies based on the individual markets.  Every server is different, yet within the same server, each market can be completely different as well.  For the August Gold Blogging Carnival Topic, let's illustrate some of the ways we post differently based on the different profession markets. 
Compare & Contrast 2 Different AH Markets and How Your Gold Making Strategy Varies In Each Market

**********

Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide. Also Check Out My New Favorite All Around WoW Gold Making Guide and J!inx - Clothing For Gamers And Geeks.

Friday, May 11, 2012

Surprise Markets Of Cataclysm - May Gold Blogging Carnival

How To Make Gold In WoW
Cold's Gold Blogging Carnivals


Cold's Gold Blogging Carnival - 2012

Welcome to another 2012 edition of Cold's Gold Blogging Carnival. These carnivals will continue to take place the 11th day of every month and will be hosted here at Cold's Gold Factory. All World of Warcraft bloggers are welcome to participate and feedback both here and on the original authors' sites is strongly encouraged. So show some support and please leave some feedback in the comments section. These bloggers put a lot of time and hard work into these blogging carnival posts so please tell them what you think.

If you would like to be included in the next month's carnival, please review the guidelines for Cold's Gold Blogging Carnivals and submit your live post link via email (ssmith0911 at live dot com) before the 10th of the month. Read up on the benefits of participating in blogging carnivals at my other blog designed to help new bloggers, Blogging Vitals.  (Lots of tips for those of you starting out or interested in blogging.)  Articles for the CGF carnival are listed in the order they are received. Thank you to all the bloggers participating in this months carnival!

If you are not a blogger, you can still participate in the monthly carnivals as you can have a post hosted at Goldgrubs.com.  Now I present to you this month's participants answering the question:



Looking Back Throughout The Cataclysm Expansion:
What Was A Niche Market That You Were Suprised To Find Or That You Did Better Than Expected In During Cataclysm?







Selling Level 81 Greens by Farli of The Overcut


Most Surprising Cata Market: Nightmare's Tear by Cold of Cold's Gold Factory

My Surprise Cataclysm Niche Market by Nev of Auction House Addict


Thanks again to all of this month's participants.  Be sure to check back later for next month's carnival topic and remember to look for next month's gold blogging carnival on the 11th.  If you have a topic idea, don't be afraid to send it in.  We may use your idea, which will get you proper credit as well.  

Until next month,

Happy Diablo 3 Launch Week!

Come Vote and Comment On What Class You Are Starting With In Diablo 3.


Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide. Also Check Out My New Favorite All Around WoW Gold Making Guide and J!inx - Clothing For Gamers And Geeks.

Wednesday, May 9, 2012

Most Surprising Market During Cataclysm: Nightmare's Tears

Most Surprising Niche Market During Cataclysm

For the May 2012 gold blogging carnival topic, I asked:
This is my entry into the carnival answering that same question.  You can find all of the Gold Blogger's Carnival topics and entries on Cold's Gold Blogging Carnivals page.  Anyone is welcome to participate and contribute an entry for the monthly topics. 
"What Was A Niche Market That You Were Suprised To Find Or That You Did Better Than Expected In During Cataclysm?"

Nightmare's Tears Still Sell In Cataclysm


Of all of the niche markets that I've dealt in during the Cataclsym expansion, none other was more surprising to me than the Nightmare's Tears niche market.  Why was this market so surprising to me?  The Nightmare's Tear is an almost completed outdate item and during Cataclysm, it should only have been used by non-Cata Twinks and leveling characters who can't use the Cataclysm level gems (due to item level requirements).

The Nightmare's Tear is a prismatic gem that provides +10 to each stat and was orginally introduced during the Wrath of the Lich King expansion.  Back during Wrath, this gem was in everyone's gear and was limited to 1 equipped per character.  Due to player ignorance and / or stupidity it continued to see much use throughout Cataclysm, even though using any Cataclysm level gem appropriate to your character's spec was a better option.  The demand had to be related to players not understanding how the prismatic gem and prismatic slots worked.  Players incorrectly believed that a prismatic socket had to have a prismatic gem slotted into it, when in fact, a prismatic gem can hold any color gem.  I further tested this hypothesis, by double checking the armory pages of characters that had purchased one of my Nightmare's Tears.  I almost always found that Nightmare's Tear in a prismatic slot of the buying max level character.

Originally I tested this market out with a few of the remaining Dragon's Eyes I had left over from Wrath of the Lich King.  The Nightmare's Tears I posted all sold out rapidly as no one else was selling them.  I instantly thought it couldn't have been a fluke and looked on the armory to see what these prismatic gems were being used for.  Once I realized that players were looking for the Nightmare's Tear gem for their prismatic sockets, I started to churn out as many as I could.  The removal of the Icy Prism cooldown, made it much easier to gamble with Frozen Orbs and the Icy Prisms to acquire multiple Dragon's Eyes to turn into the Nightmare's Tears.

The demand was so high after Patch 4.2 and 4.3 that I had exhausted all of my reserve Frozen Orbs & Dragon's Tears and had to turn to buying Dragon's Tears on the auction house, in addition to returning back to the Dalaran Jewelcrafting daily quests.  I was even buying out low and mid priced Nightmare's Tears (once others caught on) in order to meet the demand and keep the prices high.  I was able to get an easy 700-750 gold for a single Nightmare's Tear and was selling 2-4 a day for months.  After drying up the Frozen Orb and Dragon's Eye supply markets on my server, I got tired of running the JC Dailies and threw in the towel as the copycats had finally caught on after a couple months of holding the market to myself. 

Did I make a lot of gold off of the ignorance of other players?  Yes, but at the same time, I was just providing goods in a market that most assumed was dead.  The lack of competition and increased demand for those goods led to the increased prices.  Without the demand for them, I never would have been able to continously sell those old prismatic gems for such a great price.  So remember that just because an item shouldn't be selling, doesn't mean that it won't.  Provide what people are looking to buy and you may just find a niche market with great demand and low competition, even if it is selling nearly obsolete items to ignorant players using them incorrectly. 

What suprise markets did you guys find during the Cataclysm expansion?


Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide. Also Check Out My Favorite All Around WoW Gold Making Guide and J!inx - Clothing For Gamers And Geeks.

Monday, April 23, 2012

May Topic For Monthly Gold Blogging Carnival


Cold's Gold Blogging Carnival - May 2012 Topic

A big thanks to all of the participants who submitted entries for last month's blogging carnival. Hopefully you will continue to participate in the monthly shared topics. Participation from newer bloggers is also highly encouraged. Everyone is welcome to write a post for the blogging carnivals at Cold's Gold Factory. Again, thank you to all the bloggers who submitted posts for the April Carnival on MoP Stockpiling. If you missed the March carnival, be sure to check it out!  Stockpiling for Mists of Pandaria is a hot topic right now and tons of traffic continues to pour in looking for stockpiling tips on what to stockpile for Mists of Pandaria.


What If I Don't Have A Blog And I Want To Participate?

If you don't have your own site, you can still participate in the gold blogging carnivals. Sometimes a topic may tickle your fancy or you may have a unique spin on a blogging carnival topic that you would like to have read by others. Well, you are in luck. There are WoW blogging sites that will post and host your content as a guest post. Just follow the normal blogging carnival rules that the others follow and get your post hosted and live prior to the carnival. Then, just submit the link to me for inclusion in the upcoming gold blogging carnival.

The friendly sites willing to host your content are:
  1. Goldgrub's Goblin Academy - Contact: Me (Cold)
  2. Squidoo - Join up and make a lens on the topic.
  
May 2012 Gold Blogging Carnival Topic

With the Mists of Pandaria expansion on its way and many markets starting to feel the end of expansion lull, we must start to prepare for the new WoW expansion.  One way to speculate about the future is to learn from the past and try to apply some of our historical experiences to the expected markets in the new expansion.  Let's take a look back over some of the niche markets in the Cataclysm expansion and see what opportunities could arise in Mists of Pandaria.  Which brings me to the May Topic:
Looking Back Throughout The Cataclysm Expansion:
What Was A Niche Market That You Were Suprised To Find Or That You Did Better Than Expected In During Cataclysm?
Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide. Also Check Out My New Favorite All Around WoW Gold Making Guide and J!inx - Clothing For Gamers And Geeks.

Saturday, October 8, 2011

Learning A WoW Auction House Market

Learning An Auction House Market In World Of Warcraft

Learning about the auction house markets for specific items and categories is highly beneficial for understanding your server's individual market cycles.  Some WoW Auction Market Cycles are more easily predicted due to commonalities across multiple servers, like the tuesday upgrade cycle or the weekend materials floodings.  Other cycles are going to specific to your server and will take time and research to grasp an understanding.  Taking advantage of the up and down pricing within the WoW auction house markets is how many of us make gold in WoW. 

Item prices can vary from day to day, patch to patch, and even hourly due to spikes in sales or lack of supply.  Hell, some markets see more ups and downs than a hooker's panties at a bachelor's party on a Saturday night!  Knowing what is valuable, how much it will sell for, and when to sell are three prime components of the auction house manipulation game.  Items can be purchased when mispriced and flipped on the WoW auction house for easy profits with little to no time or work commitment involved. 

How To Learn Your WoW Auction Market

There are many key components involved with learning and understanding auction house markets within the World of Warcraft.  Here are the 4 most important concepts to master in order to grasp knowledge of your market and its pricing swings.
  1. Research
  2. Add-Ons
  3. Time
  4. Predicting Change
Research

Research is the first place to start when looking into a new market.  The Undermine Journal is by far going to be the best tool for you to use to look at historical data on any specific WoW item that is traded on the auction house.  Checking out the item on The Undermine Journal will show you great information such as quantity being listed and swings in pricing.  Recent sales data as well as who has been selling the item is also useful information to ascertain.

Add-Ons

WoW add-ons such as Auctioneer, Trade Skill Master, and Auctionator can all assist you in learning the market values of items.  These add-ons are not as accurate as The Undermine Journal.  The Undermine Journal pulls the data from the auction house servers once per hour, while our individual add-ons only estimate market values based on the actual auction house scans that we perform with these add-ons.  These WoW add-ons also are based off of the listing prices of items, not the selling prices.  This leaves the ability to falsely manipulate perceived market values to trick the add-ons into convincing you something is a great buy and worth flipping for more gold.  So if you rely on only add-ons to tell you the market value, you can't be completely confident in the market values given.

Time

Time is another factor to consider.  In order to fully understand the ins and outs of a specific market, you need to be constantly checking on the prices of that market.  That equates to closely monitoring the prices of your crafted items and the materials available.  When using daily searches for low priced materials and stocking up when the price is right, you can weather through the price spikes of your required raw materials.  The longer you are working in a market the better feel you will get for the price fluctuations within that market.  After a while, you won't even need market research anymore and you will engrain the market value and the possible profits deep within your number one tool for making gold in wow, your brain.

Predicting Change

Predicting spikes and drops in demand of WoW items is very important for both increasing your profits quickly as well as avoiding losing potential profit on items that will soon see a decline in value.  I'm not talking about speculation, which tends to be a more high risk / high reward prediction based on no concrete evidence.  What I mean is using the information that we know will be added or changed to fully prepare for the market swings that those changes will brings.  Deductive reasoning and logic will help you interpret things such as the official WoW Patch notes and announcements of upcoming game changes.

Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide To Get You Started. Also Check Out The Teenager's Gold Guide To Get Started With Learning The Auction House As A Younger Player Or Check Out My New Favorite All Around WoW Gold Making Guide.

Tuesday, September 20, 2011

Reader Submission: Multiple Markets, Chimera's Eyes, & How To Make More Gold


Reader Submission / Assistance With Gold Making

Here is an email I received from a reader at Cold's Gold Factory and an avid listener of The Auction House Junkies Podcast.  Read along and follow my responses at the end of this post.  Got questions or ideas you would like covered?  Send em in!
Cold,
I heard of your site from your podcast, Auction House Junkies. I’m a goldmaking addict. I’ll log in some nights and just play at the Auction House for hours and not even venture out into WoW. I currently have just over 1 million gold liquid. Much more in commodities. I just enjoy it immensely. Your suggestions for diversification amongst the professions and jumping in and out of markets at key times have been very helpful. I thoroughly enjoy listening to the podcasts both while I’m gaming and in my car driving to and from work. I have yet to find a podcast to match yours. I do listen to the others you recommend. I just wish there were more of them.

I enjoy your suggestions for upcoming patch changes and how to take advantage of the market during that time period. I have taken your advice and been investing Chimera’s Eyes, buying up any for what I consider cheap. One of the biggest contributions you have made to my goldmaking has been the Undermine Journal. That site is AWESOME! I have my profile set up observing the different commodity prices all the time. I haven’t downloaded the addon yet. Do you use the addon?

I have an engineer btw. :P But, I haven’t used that profession in my goldmaking, yet. I’ll make more of an effort.

I would be interested to know what other markets I could try out. I’m sure there’s portions of markets I’m not using that I am unaware of. These are the crafting professions I have at 525 and what aspects of each I use in my goldmaking:
  • Jewelcrafting (Rare gems. Waiting for Epic gems. Very saturated on my server.)
  • 3 Alchemists – I have 1 of each: Potion Master, Elixir Master, Transmute Master (All potions, flasks, & elixirs)
  • Tailoring (Netherweave Bags, Frostweave Bags, Cloth Lvl 80 gear, Embersilk Bags)
  • Leatherworking (I don’t do anything in this market)
  • 2 Inscriptionists (Mysterious Fortune Cards, Glyphs, occasional Darkmoon Card)
  • Blacksmithing (I don’t do anything in this market)
  • Engineering (I don’t do anything in this market)
  • 2 Enchanters (Do Obsidium shuffle and sell Enchanting mats. Don’t do much in the scroll market, but I’ve kind of wanted to.)
I also have several gatherers (Skinners, Miners, Herbalists). But, I’m not that into farming. Would rather sit at the AH and make gold.
Anyways, keep doing what you do!

Thanks!

Ryan
Ixaon (pronounced Zion) on Cenarius

Thanks for the email submission, Ryan.  I appreciate the kind words about my site and our podcast.  Look out for a new episode of Auction House Junkies soon.  Wes (of CappedByCata.com) and I are planning on recording this weekend as my computer is back and working better than ever.  Thanks again to all the generous and helpful readers and listeners that assisted with either donating funds or purchasing guides to help me raise the funds to get the computer fixed.

Chimera's Eyes may not be used in creating a new Prismatic Gem after all.  We've just found out that Epic Gems will only drop from raid bosses.  We still don't know if those gems that will be dropping are going to be pre-cut or are going to be required to be cut my Jewelcrafters.  So it is possible that Chimera's Eyes could be used in a recipe, if the epic gems are not soulbound and drop in their raw forms.  I was buying up Chimera's Eyes as well and only at cheap prices as I suggested.  Now we may have to find another route to unload those Chimera's Eyes, but that's a post for another day. 

Looking over your markets and professions that you use for making gold in WoW, I will give the following ideas for expanding into other markets.
  • Jewelcrafter - Look into buying Dragon's Eyes and selling Nightmare's Tears and other WotLK rare and epic gems.  Try Delicate Copper Wires too.
  • Tailoring - Rich Purple Silk Shirts (very rare pattern) are great. I'm still the only provider and have raised my prices to 35 gold per rare crafted shirt and sales are still coming in.  Add the pattern to your Undermine Journal watch list and snatch it up for cheap.  Highly recommended!
  • Leatherworking - Are Leg Armors and Leather PvP sets dead on your server?  Have you looked into Mammoth Mining Bags?  Barbaric Bracers and Deviate Scale Belts (if you go the pattern before it became obsolete) are also major sellers.
  • Enchanting - Start hunting for mispriced lvl 82+ blues to Disenchant and sell as Heavenly Shards.  you gotta start selling scrolls as many of the Enchants will earn you more sold as a scroll than if you just sold the Enchanting materials raw.  Try some of the Twink / BoA enchants to get started safely and then expand into rare and high end enchants.  Anytime there is a massive influx of new gear Enchants can make sales in the same ballpark as Gem sales.  Also check out some cheap ways to craft and disenchant to create Infinite Dust (The WotLK dust).  I am Shuffling Saronite Ore from my pre-Cataclysm guild bank stockpiles into Infinite Dust, which I am selling singles and stacks at 10 gold per Infinite Dust.  As already mentioned, the wave of alts and levelers are buying it up in droves.  I had to spend a whole Sunday (this last weekend) Shuffling Saronite Ores into Infinite Dust just to keep my stock up with the massive wave of Infinite Dust sales. 
  • Blacksmithing - You are leaving a lot of money on the table by not utilizing your Blacksmith more.  Enchanting Rods are still a huge seller, especially now with many players leveling alts and new professions.  PvP Plate mail and Tanking gear are also solid options.  I also use my BS/ Miner to make a hefty profit selling Hardened Elementium Bars when Elementium Ore dips stupidly cheap.
  • Engineering - It isn't as hard to make gold with Engineering as many players make it out to be (they probably exagerate the difficulty to scare competitor's away).  All of the Engineering crafted pets are good to start crafting.  The new Gun from the Firelands unlocked recipe is a nice way to bring in a big chunk of gold at once and use up some of those extra Chaos Orbs.  The new scopes are still selling well along with Ethers, Fused Wirings, Bolts, Khorium Power Cores, Adamantite Frames and other odd ball items.
  • Alchemy - Never forget about transmuting Arcanite Bars.  Materials are cheap and I am currently selling a lot of Arcanite Bars at 75 gold for a single Arcanite Bar and they are selling 5-10 times a night in the overnight market.

So I hope those ideas help either jog your memory of a forgotten market or help you find a new market to make gold in WoW.  Thanks again for the reader submission!


Enjoy The Posts Here at Cold's Gold Factory? Check Out Cold's Mysterious Fortune Card Mastery Gold Making Guide To Get You Started. Also Check Out The Teenager's Gold Guide To Get Started With Learning The Auction House As A Younger Player Or Check Out My New Favorite All Around WoW Gold Making Guide.

Sunday, March 27, 2011

Auction House Competition | Rift Effect

Auction House Competition and Maturation

The Gold Queen had an interesting post recently titled Staying The Best, which discussed the maturation of the auction house markets and how should we combat the extra competition coming from all of the free gold making resources currently online.  It's a nice article and worth a read, but I must say that I disagree.

In my opinion, what we are seeing is much more of a great divide amongst the players.  There are far more buyers than sellers and with the changing times, there are less and less sellers.  A look onto my auction house shows much of my competition is gone.

The Changing WoW Player Base

Along the far end we have players that are well educated on gold making tactics and on the other end we have completely clueless players, but the majority of players still fall within the two extremes.  I believe that most players are stuck in the middle.  They are no longer a completely new player, but are not advanced to the gold making strategy.  And it is within this middle area that the absolute majority of players reside and will remain.  The new players are constantly replaced by other new players, where as more veterans are leaving.  And it is these veterans that are most likely the ones playing the auction house on all of our servers.  Are these veterans being replaced by new veterans?  It hasn't been the case on my server at all.
Have the players as a whole learned the proper ways to make gold on there own?

As a whole, I say No, but there have been more players that are educated and know how to process information on the auction house and our gold blogs, but those tend to be the players that have been around a while. These players may even have graduated to being free thinkers who can develop their own strategies.  The thing is a lot of these informed players are bored or quitting all together.  Games like Rift have stolen a few players away as I have discussed in my very popular post on The Current State of World of Warcraft.

On the other end are a slew of players that are still clueless, have no idea how to think freely, and need sites like MMO Champion to cover a topic, so that they can copy the tactic, not adapt it to their server’s market, follow the rest of the lemmings, and utterly fail because they have no clue how to process or relate the given tactics to their own market on their own server.  Remember the report on prospecting Thorium Ore and how that was a major market price crasher on Thorium Ore once people realized that every copycat was trying the same strategy?  I snatched up a ton of cheap thorium ore and processed it down various much more profitable gold making avenues. 

I believe it isn’t so much that the majority of players are making more gold by sound auctioneer strategies, but the ability to gain gold by doing normal activities is much easier. Just think of linear quest chains, reduced mount costs and early level requirements, the lack of as many wipes and repairs with the easing of the difficulties of many lower level dungeons, etc.

So its easier to get gold, there are fewer major gold sinks out there, and the old gold sinks are now much cheaper (mounts, etc.)

Goodbye Competition
In the last few weeks I now have a third of my competition across almost all markets. These competitors may have turned to auctioneering as a new way to play World of Warcraft, while currently they are bored with even that and have moved on to try other games.  The result is less sellers, less auctions, and less competition.  Let's see how long it takes for others to capitalize on the fact that there are less competitors on the Auction House lately.  These findings are the exact opposite of what the Gold Queen was reporting.  I understand that all servers are different, but as a whole some changes may appear on other servers in a little more time.  Maybe your server just hasn't caught up yet.

Wes of Capped By Cata and Auction House Junkies reported a similar finding in his article: The Rift Effect: It Will Make You Rich.  It is time to re-examine those old markets you vacated due to competition.

So all power to RIFT and any other games that come along.  They tend to steal our compeition away and leave more gold for us to make from the World of Warcraft auction house.

Anyone else finding less and less competition in one or more markets?



Saturday, March 19, 2011

Mageroyal Market Control For Children's Week

Children's Week Is Coming

Once a year, the value of the herb Mageroyal spikes very high.  This regularly happens during the one week long in game holiday, Children's Week.  Why?  3 Mageroyal herbs are required to craft a Delicious Chocolate Cake, which is required as part of the Bad Example achievement.  The Delicious Chocolate Cake also requires 8 Small Eggs, so Children's Week is a great time to unload any extra Small Eggs you may have left over from the last Winter's Veil holiday.

Check out all of the goodies that I was selling for insane mark-ups last Children's Week.

Plan Ahead - Now

Small Eggs are easily farmed and if you don't get the jump on your competition selling early you can get quickly lost in the waves of undercutters.  Mageroyal on the other hand, will be much less available once Children's Week begins.  Stock up on Mageroyal now.  5+ weeks to go until the holiday begins, so start checking the auction house now for Mageroyal.  

I seem to almost always run out during this great seller's holiday.  I sell mine 25g per stack of 3.  Yeah, crazy profits, but only if you plan ahead.  So go ahead and start looking for Mageroyal to buy up.

I'm usually one of the first to give the gold blog readers a heads up, but this year The Gold Queen broke the tip to start preparing for Children's Week before I did so I wanted to give some credit.  

Thursday, June 10, 2010

Market Resets

24 hr downtime allowed many markets to reset. Gem & glyph markets were much more profitable following the reset. Items are selling higher than normal due to the lack of volume caused by a full day of no posts & auctions expiring. If your server was NOT effected, then prepare for it. Win bids & sell high!

Wednesday, June 9, 2010

Good time to control markets

Today was a great day to try to control some markets for part of the day. Many items were completely out after the 24hr server downtime. If someone beat you to the post, just buy em out and repost for major profits. I found a stack of Large Brills for 3.5g each, and knowing they usually go for 10 each, I bought em all and flipped for 15g each, then they all sold out within minutes. Speaking of which, Tuesday after the servers come up is a good time to try this as well.