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Making Gold Off Of The New Player Infux

January 7, 2012 Leave a Comment
babycomputer Making Gold Off Of The New Player Infux

I'm coming for you, Wes!

New Players – New Opportunities To Make Gold

Lately in World of Warcraft, we have been seeing the influx of new players that got WoW for Christmas.  These new players are entering the game and are a new source of income for those of us that are into making gold in WoW.  While many of these brand new players can’t afford much from the auction house yet, there are a few areas that you should pay special attention to.  It has been proven year after year that the influx of new players creates new opportunities to make gold in WoW.  Let’s take a look at a couple of historically accurate markets as well as a brand new market that these new players will help contribute to.

Netherweave Bags

The first major problem that any new player runs into is not having enough bag space.  Netherweave Bags have long been the standard for new players.  Even after breaking a million gold, I am still crafting and selling those dang Netherweave Bags.  Why?  They are one of the most consistent items in the game, since they are bought by both alts and new players.  With the wave of new players ntering WoW since Christmas, I have seen the sales of NW Bags pick up.  They are even selling for close to double what I would normally sell them for.  So don’t forget to keep your tailor making those Netherweave Bags.

Poorly Priced Items

With an influx of new players, comes an influx of poorly priced goods on the auction house.  New players don’t really have a good grasp on what items are really worth.  They just tend to try out the auction house first by selling the items they collect while questing.  Instead of selling them to the npc vendors, they may experiment with trying to sell the same items for more on the auction house in WoW.  Many times you will find items listed for far more than they are worth.  Bottle-neck crafting tems like Perfect Deviate Scales, Large Fangs, Spider Silk, Slimy Murloc Scales, and Heavy Hides are good examples of items that you can find for cheap.  So be sure to keep looking for good crafting materials that may be tossed up at too low of a price.  Then you can use those in crafting or simply to flip for a profit.

Transmogrification Gear To Flip

Transmogrification is an emerging market, still in its infancy on many servers.  Transmogrification, however, is a new market for making gold in WoW.  Like the poorly priced crafting materials mentioned above, you will see low level armor tossed up on the auction house for very cheap.  If you are able to find some of the gear that is part of a set then you can probably make easy gold flipping the items to a much more appropriate price.  I myself have been buying green (uncommon) robes that are unique looking or have a cool pattern on them.  I turn around and flip those sames robes to Moggers (short for Transmogrifiers) for 400-450 gold each.  Robes are a low entry cost market and a good area to get your feet wet with the emerging Mogging trend.  Originally I wasn’t too hyped on the whole Mogging market as a gold making strategy, but I was wrong.  The Mogfather (@DEAzeroth on twitter) has opened my eyes to the huge profit potential of playing within the gear markets for transmogrification.  And now is a great time to build your stock levels as new players are throwing stuff on the auction houses at incorrect prizes.

 

Filed Under Guides, Professions, Strategy, Uncategorized Tagged With , ,

How To Make Gold In The World Of WoW

September 17, 2011 1 Comment
thumbnail.aspx?q=1185423961436&id=7bf3be1afe8cabc6c2299f57e595140a&url=http%3a%2f%2fwww.iheartwow.com%2fwp content%2fuploads%2fgold treasure chest How To Make Gold In The World Of WoW

How To Make Gold In The World Of WoW

Making Gold In The World Of WoW

Gold is a requirement for many things within the World of WoW.  Therefor it is important to learn the major ways to make gold for yourself in the World of WoW.  There are 6 main ways to make gold within the World of Warcraft.  Most players use a combination of multiple gold making methods in order to secure their share of WoW gold.  Every single player has the ability to make enough gold for themselves with a little planning and practice.  Never risk your account’s security by buying gold for the World of WoW.  Learn to make gold yourself and you can continue onwards towards a goal of financial freedom and independence.

6 Main Ways To Make WoW Gold

  1. Looting
  2. Questing
  3. Farming
  4. Flipping
  5. Crafting
  6. Other Oddities

Looting

Looting mobs for their gold and items to sell to the vendors is one of the most basic ways to collect gold in the World of WoW.  Many adversaries will drop coins and items that can also be sold for more WoW gold.  Looting is not the best use of your time as a gold maker.

Questing

Questing is another of the most basic ways to get gold in the World of WoW.  As we complete quests we are awarded with coins and items for selling or disenchanting (if you are an Enchanter).  While questing gold and rewards are a biproduct of leveling you character, there are still better more time efficient ways to make gold in the World of WoW.

Farming

Farming is one of the first steps that most players take on their path towards earning gold within the auction houses in WoW.  Farming involves either killing select creatures or mobs for specific items that they drop or farming various material resources from out in the wild of the World of WoW.  Farming is more commonly referred to for the gathering professions – Mining, Herbalism, Skinning, and Tailoring.  Killing creatures or humanoids over and over for the items they drop is also commonly referred to as Grinding.  Selling those farmed items on the auction house is a sure fire way to increase your gold reserves.  Be sure to check out the Beginner’s Guide To Farming here at Goldgrub’s Goblin Academy.

Flipping

Flipping items is a very easy gold making strategy if you know what to buy and what to sell.  Some npc vendors sell limited quantity recipes that are almost always going to sell for more on the auction house than you originally paid for the item from the original npc vendor.  Once you understand the various markets and their market cycles in the World of WoW, you will be able to identify items that you can buy now and sell for more later.  Grossly underpriced items can be snatched up and flipped for a near instant profit.  So you can make gold off flipping items from other players or from items sold off of npc WoW vendors.

Crafting

Crafting involves the fine art of buying raw materials and converting those raw materials into finished usable products such as armor, gems, enchantments, weapons, glyphs, etc.  Crafting is where we make the most of our profession choices in the World of WoW.  Many of us serious gold makers have multiple crafting characters (commonly referred to as crafting mules if their sole purpose is just crafting) so that we can cover multiple markets by utilizing multiple crafting professions.  Crafting is probably the best over all World of WoW gold making option as long as you are educated on what items to craft and sell for a profit.

Other Oddities For Gold Making

Other odd ways to make gold include options such as GDKP runs.  A GDKP run is a run through a raid instance where all dropped items go up for auction and each member of the raid has the option to bid on the item and pay gold to win the item.  The highest bidder of each items pays gold into the pot and at the end of the raid all gold is split evenly amongst all of the participants.  This is a nice way to make gold with a higher level character and often the BoE items obtained from within the raid can sell on the auction house for far more than your winning GDKP bid.

Dancing naked on top of a mailbox and begging for tips are another oddball options that can earn you gold, although your time is almost definately more wisely invested in any of the other gold making options in the World of WoW.

So there you have it.  The 6 main methods used in how to make gold in the World of WoW are all available to everyone of us.  Using a combination of these gold making options in WoW will help secure your seat atop that throne of gold.

Filed Under Farming, Guides, Professions, Strategy Tagged With , , ,

5 Ways to Make Gold on a Low Level Bank Alt

September 7, 2011 Leave a Comment

auctioneer lady 5 Ways to Make Gold on a Low Level Bank AltAlmost every gold blog going has suggested a low level bank alt for newbie goldmakers – it’s a basic necessity when you first start out on your gold making journey. I’d also say it’s a necessity when you first start playing the game or when you want to start fresh on a new server. Having the ability to just mail everything saleable to one alt & then list it at the AH later saves so much time while questing & you maximise your profits instead of vendoring or just deleting stuff to make space!

Now I always feel the need to level my banker a little – probably because I really enjoy those first lowbie zones but also (especially on a new server) because it raises a little cash to start the ball rolling. But my banker doesn’t just sit in Stormwind, oh no – she has work to do as part of my gold making routine. I thought I’d list just a few of the things my bankers do for me & how your banker can work a little harder for you too.

1. Limited Supply Vendor Recipes & Pets

I pretty much covered this in last week’s post re the RecipeProfit addon but for my banker – she just does a run around Ironforge with an occasional side trip to Darnassus or Exodar to purchase any recipes/patterns/plans etc that are available from various vendors.

For the pets, I have found the Moth Eggs from Exodar are my best sellers with the White Kitten available in Stormwind from Lil Timmy selling for the highest price. Unfortunately Timmy is on a 3hour spawn timer so getting a regular supply of White Kittens is difficult.

2. Flipping items on the AH – Buy Low, Sell Higher

Using Auctioneer or Auctionator, you can often find some really good deals – I tend to stick with trade items like cloth or low level gems (malachite/star ruby/aquamarine  especially). I tend to stay away from armor & weapons purely because prices can vary so much, they can take a while to resell & the AH deposit fees are usually quite high. One or two relists & you could easily wipe out any profits.

3. Cooking

Yes, cooking! If you base your alt in one of the capital cities that has cooking dailies, you can do the cooking daily to get XP & some cash & spend your Chef’s Awards on the bag of Imported Supplies. Once opened, it will give you Cocoa Beans – usually 2 stacks which you can sell on the AH. Check the price of Chocolate Cookies on your server & price your Cocoa Beans just below – that way, the Cookie Makers will be able to buy your beans & still make some profits.

Obviously, if you’ve levelled your banker much higher then you can also look on the AH for meat & fish to cook up into buff foods – watch the prices for a few days before jumping in though – I find buff food prices to be very erratic on my server.

4. Inscription

This one isn’t for everybody as it does require some ‘nursing’ to get the best returns. I did a post on my own blog back at the beginning of July with a level 10 bank alt glypher – I won’t try to re-write the post here but basically, if you can get really cheap herbs on your server, you can probably make a nice profit on glyphs & Darkmoon Faire Decks.

5. Tailoring/Enchanting

Why these two professions in particular? Well I’m aiming this at people who are still levelling new characters through the lowest zones – you will pick up shedloads of linen cloth & wool cloth & although you could just sell it on the AH, I have often found that prices for a stack are ridiculously low due to the almost unlimited supply. It also doesn’t matter what professions you have on your levelling alts – they will pick up cloth anyway. However, when you use this cheap linen to make into something using your tailoring (for example, Brown Linen Pants) , you can then disenchant it & sell the enchanting materials for a much higher price.

You can also search the AH for armor & re-sort the listing to show by lowest bid price – anything below say 50silver may be worth bidding on to be disenchanted. I’ve been doing exactly this on my main server – my budget is a little higher as I have maxed my enchanting & I am looking for materials across the whole range but I am still making some nice profits. Not huge profits admittedly but that’s not actually the aim for me – I’m trying to get the Guild Achievement!

I’m sure there are loads of other ways to make gold with a low level banker – what’s your favorite method of maximising your bank alt?

Til next week

Nev

Filed Under Addons, Leveling, Professions, Uncategorized Tagged With , , , , , ,

Flipping on the World of Warcraft Auction House

July 19, 2011 2 Comments

Flipping on the World of Warcraft Auction House

limited 300x300 Flipping on the World of Warcraft Auction House

People Don't Like Limits

When listening to some of the Podcasts the contributors to GoldGrubs have, you’ll often hear them discussing “flipping” things on the World of Warcraft Auction House. Flipping simply means to buy something at one price, and sell it for a higher price without modifying that item. In this article, I’m going to give a quick over-view on two ways to “flip” items.

World of Warcraft Auction House Flip #1 – The Limited Quantity Item

Some vendors sell items in limited quantities. Those items will have the number the vendor has available next to the item, in a yellow/gold number. While it’s not a “sure thing”, usually the limited quantity items can be bought for their low price, and be sold on the Auction House for a very nice profit.

My Bank Alt, Phatwallet, has several “runs” he goes on for Limited Quantity Items to flip. One of my favorites goes like this:

(Starting out in Ironforge, sorry Hordes!)

1. Go visit the Tailor by the great forge. Second floor, bald gnome in a tuxedo.
Buy the patterns for Tuxedo Shirt (45 silver), Tuxedo Jacket (50 silver), and Tuxedo Pants (45 Silver). Each easily sells for 15-20 gold on my server.

2. Leave the tailor by jumping off the outside ledge on the right (there isn’t even a guard rail on this side!) and head straight for the staircase to the leatherworkers next door. Here I pick up the pattern for a Heavy Leather Ball, for 20 silver. It sells for about 15 gold on my server.

3. Hearth to Dalaran, Port to Stormwind, and pick up some Kingsblood (1 silver 20 copper) on my way to the AH. On a bad day, it sells for about 2 gold, but can spike to 10 gold.

There are some other things I pick up along this “run”, but they aren’t limited items (such as toys in Dalaran, etc, but that’s for a different Article).

Overall, I keep my total investment on these “runs” to under 10 gold, and easily have a return on my investment of about 80 to 100 gold.

World of Warcraft Auction House Flip #2 – The Relist

This strategy requires time to be spent at the Auctioneer, scanning through available Auctions, and it relys on an up-to-date pricelist.

Addons such as Auctioneer are quite useful in finding items that have been listed under market value, and making it quite easy to buy them out for relisting. Daily scanning is highly suggested.

Often times, people will list things on the World of Warcraft Auction House without really knowing what they’re doing. The thought process is “I didn’t pay any gold for this item, so anything I make off of it is pure profit.”. They toss the item up on the Auction House for 5 gold, when the fair market value for that item may be several times that.

Depending on the item, you may want to immediately relist it, or buy it, and hold on to it for a while (which may disqualify it from a “flip” and throw it into an “investment” – again, another article for another time).

The process is straight forward: Buy the underpriced item at 5 gold, run to the mailbox, grab it, run back to the Auction House and relist it for it’s current market value of, for example, 25 gold. When it sells, you make gold.

The only way to really know if the item is underpriced is to have a working knowledge of your servers economy. Using addons like Auctioneer will help you learn that bit of info, but it’s important to know a good deal when you see it as well.

As a user of the Remote Auction House, I need to know the market value of items to know if something is underpriced and ready to flip. Yes, the Remote Auction House will list similar items and their listing price, but that isn’t always enough information to make a decision with. Knowledge is power (and gold) in this case.

What are some of your favorite “flips”? Share them here!

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