I still don't give him gold, but he can get a free advice:
lørdag 19. juni 2010
The Polite Beggar
I don't give gold to strangers in this game, since they won't starve and die of poverty if I don't help them out. But sometimes you come across a polite polite one who can spell properly and does not open a trade box without an agreement made.
I still don't give him gold, but he can get a free advice:
I still don't give him gold, but he can get a free advice:
torsdag 17. juni 2010
Daytime Spellweave
I need to post this picture to illustrate how nice it is to have 3 tailors, and be able to babysit my auctions here at work! Unfortunately it doesn't show all my sales, but you get the picture. Bunch of Eboweave and Moonshroud also sold today.
Profit on Spellweave at this price is 33.18g, or 51.84%.
Profit on Spellweave at this price is 33.18g, or 51.84%.
tirsdag 15. juni 2010
My Production and Method
This post should probably have been written when I first started this blog, but it's something I've kind of dreaded since it's going to be quite extensive.
First off, let's have a look at my characters and their professions:
80 Priest - enchanter/tailor
80 Deathknight - jewelcrafter/miner
80 Warlock - alchemist/tailor
76 Mage - alchemist/tailor
80 Hunter - alchemist/leatherworker
80 Paladin - alchemist/ ..eventually a tailor
80 Warrior - blacksmith/miner
73 Rogue - skribe/herbalist
34 Druid - alchemist/herbalist
2 Rogue - alliance AH chr
4 Transmutation mastered alchemists means roughly 500g each day in epic gems. 3 tailors equals one of each speciality and speciality cloth is the high quantity marked with best margins, nearly more than 50% profit on some of my sales! The plan for Cataclysm is to have 5 tailors and 6 or 7 alchemists, since these are the only two professions worth stacking. Mining will probably get a cooldown as well, so I'll keep the two of them.
These are my main markeds at the moment:
Enchanting:
*Various scrolls, I don't put alot of effort into this just yet. Crusader is one of my biggest seller.
Tailoring:
*Spellthreads, heavy competition. I still manage to maintain the biggest marked share.
*Netherweave Bags, marked is out of control now. 8g per bag gives hardly any profit considering the time it takes to make them. I've been a big part of pushing the prices down and now I just wait until they get bored and prices rise to normal.
*Spellweave, Ebonweave and Moonshroud. A few competitors I can live with. Great gold and I love having 3 tailors.
*Epic ToC, very good money in these - can make 2-3k a week without too much effort.
*22 slot bags always sell for alot of gold, and profession bags can also make you a fortune.
Blacksmithing:
*Eternal Belt Buckets, sell about 10-15 a day with roughly 25g profit per piece!
*Enchanting Rods, I relist every 48 hours and don't pay any attention. 100g a week perhaps.
*Mithril Spurs, don't sell more than 5 a week for 15g.
Mining:
Titansteel Bars, I sell around 10-15 a day, weekends are especially good.
Alchemy:
Only gems atm, steady income. Will try out Flasks when 3.3.5 comes.
Jewelcrafting:
*Only got 2 epic recipes, I hate doing the dailyquest.. I cut and sell what I transmute.
*Metagems, the 3 most common gems. 5-6 people constantly undercutting but I still make enough to keep doing them.
These are my core markeds. I like to keep it simple, which is why I haven't bothered with epic gems and Inscription yet. Too many bloody items to craft and post, but I will try to earn a few more gem recipes before patch 3.3.5 -mostly red ones. Red gem slot in the new gear should make them the biggest sellers by far.
I'll change one of my Alchemists to Elixir Master, I've been buying a bunch of Frost Lotus lately and want to take part in the last major flask bonanza before Cataclysm.
My method is quite simple, since I don't deal with any complicated markeds:
I search for cheap mats; mainly eternals since they are the core raw material - and by out everything cheap. Saronite Ore I need for the shuffle (where I get most of my enchanting materials from), Belt Buckles and Titansteel Bars. Iceweb Spidersilk and Netherweave cloth I also consume in quite large quantities.
Gonna leave this post a bit unfinished, and get back to it tonight.
First off, let's have a look at my characters and their professions:
80 Priest - enchanter/tailor
80 Deathknight - jewelcrafter/miner
80 Warlock - alchemist/tailor
76 Mage - alchemist/tailor
80 Hunter - alchemist/leatherworker
80 Paladin - alchemist/ ..eventually a tailor
80 Warrior - blacksmith/miner
73 Rogue - skribe/herbalist
34 Druid - alchemist/herbalist
2 Rogue - alliance AH chr
4 Transmutation mastered alchemists means roughly 500g each day in epic gems. 3 tailors equals one of each speciality and speciality cloth is the high quantity marked with best margins, nearly more than 50% profit on some of my sales! The plan for Cataclysm is to have 5 tailors and 6 or 7 alchemists, since these are the only two professions worth stacking. Mining will probably get a cooldown as well, so I'll keep the two of them.
These are my main markeds at the moment:
Enchanting:
*Various scrolls, I don't put alot of effort into this just yet. Crusader is one of my biggest seller.
Tailoring:
*Spellthreads, heavy competition. I still manage to maintain the biggest marked share.
*Netherweave Bags, marked is out of control now. 8g per bag gives hardly any profit considering the time it takes to make them. I've been a big part of pushing the prices down and now I just wait until they get bored and prices rise to normal.
*Spellweave, Ebonweave and Moonshroud. A few competitors I can live with. Great gold and I love having 3 tailors.
*Epic ToC, very good money in these - can make 2-3k a week without too much effort.
*22 slot bags always sell for alot of gold, and profession bags can also make you a fortune.
Blacksmithing:
*Eternal Belt Buckets, sell about 10-15 a day with roughly 25g profit per piece!
*Enchanting Rods, I relist every 48 hours and don't pay any attention. 100g a week perhaps.
*Mithril Spurs, don't sell more than 5 a week for 15g.
Mining:
Titansteel Bars, I sell around 10-15 a day, weekends are especially good.
Alchemy:
Only gems atm, steady income. Will try out Flasks when 3.3.5 comes.
Jewelcrafting:
*Only got 2 epic recipes, I hate doing the dailyquest.. I cut and sell what I transmute.
*Metagems, the 3 most common gems. 5-6 people constantly undercutting but I still make enough to keep doing them.
These are my core markeds. I like to keep it simple, which is why I haven't bothered with epic gems and Inscription yet. Too many bloody items to craft and post, but I will try to earn a few more gem recipes before patch 3.3.5 -mostly red ones. Red gem slot in the new gear should make them the biggest sellers by far.
I'll change one of my Alchemists to Elixir Master, I've been buying a bunch of Frost Lotus lately and want to take part in the last major flask bonanza before Cataclysm.
My method is quite simple, since I don't deal with any complicated markeds:
I search for cheap mats; mainly eternals since they are the core raw material - and by out everything cheap. Saronite Ore I need for the shuffle (where I get most of my enchanting materials from), Belt Buckles and Titansteel Bars. Iceweb Spidersilk and Netherweave cloth I also consume in quite large quantities.
Gonna leave this post a bit unfinished, and get back to it tonight.
Know Your Customer
Splitting Greater Eternal Essences into Lesser and splitting Eternals into Crystallized are good old tricks to make a few extra gold. Now one might wonder why do these lazy people spend unecessary gold on a single Essence when they can buy a Greater and split it up - and save alot of money?
First of all, it's not laziness. It's convenience. If I need a pen, I buy a pen - even if there's a "special price only for you" offer for 10 pens. I don't need 10 pens laying about, and I know somewhere down the line when I need a new pen, I'll buy it then -instead of saving loads of pens which most likely will be thrown away. This is the way most consumers think, if they want it or need it and can afford it - they will buy it. It's not an investment for them, it's simply something they want, need or think they need.
So who are the lazy customers?
On Sunday I thought I'd try to sell a Merlins Robe, which I've actually never dealt with before. I posted it on the Auction House for 3500g (raw material cost on my server is 1500g) and announced it on /trade. I immediatly got 3 whispers asking "how much?" and I gave them my AH price. The response was what I'd expect; "Lol no, I can buy the mats for 1800 and have it made by a friend", "No thanks" and "Hell no". Well, these guys knew what they were doing and were not my targetted customer for this item.
I want the lazy one, who's got shitloads of gold he's bought on illegal wowgold4guildlol sites, and has no clue what such epic items are worth. Merlins Robe is a pretty nice piece of robe, especially when put on your newly dinged level 80 alt. And the weekend is all about alts and pvp, in case you didn't know. Now, before I even had the chance to reconsider my pricing on the robe - someone bought it -giving me 1800g profit.
What kind of player is willing to give me 2000g for simply crafting a chestpiece from quite a common recipe? No doubt the lazy one, who don't bother to research the robe and it's material costs, and then simply ask in trade for a crafter with the promise of a nice fee. These customers are the ones to make the good (unilateral) deals from. But most of the customers will be the one that buy your merchandise for his own conveniance's sake, at a reasonable price level that he understand is reasonable.
Now I just expirienced something new on this matter. I had done some saronite shuffling for the first time in ages, and I was sitting on too many stacks of Infinite Dust. I've never sold dust before (on a professions level), so I wanted to see how the marked was. As usual with enchanting mats there were some pages of single posted items before the stacked ones appeared. Singles were priced at 1.65g while stacks were listed at 45g (2.25 a piece). I posted mine in stacks of 20 at 44.99g just to see what would happen. They sold within seconds, so I posted more. All gone within the evening, and naturally it made me wonder: "Why do people buy my overpriced wares when cheaper ones are available for just a bit more work? Who are these customers?" I then considered what my shopping patterns would be if I needed dust, and how the quantities depend on what I will buy (and not how much I'm willing to pay).
If I need 3 dusts for a simple enchant, I will buy 3 single dusts obviously. But if I need, say 40 dusts for a more expensive enchant, I will prefer to buy the dusts in stacks of 20. Now, I see that single dusts are 1.65g and stacks 2.25 per piece, so what do I do? Do I want to sit and click 120 times to get my 40 dust or will I simply don't care about the 25g I lose (most people won't even bother to do the math even). I know I would waste a few extra gold so I don't have to sit and click my finger to death, and I know most people don't have mail adons, and would want to avoid clicking 80 times just to collect some dust.
People are willing to pay for convenience, so supply it for them and make some extra cash.
The dust example is a fun one, it shows that alot of sellers think they can charge more for singles - as shown in the first example with essences/eternals - but dusts are needed in much larger quantities. When enough sellers don't understand this marked, they will compete on the single ones, forcing down the prices, while the stacked ones will sell at higher price levels - as long as it's reasonable.
Know your customer, but also know your product.
First of all, it's not laziness. It's convenience. If I need a pen, I buy a pen - even if there's a "special price only for you" offer for 10 pens. I don't need 10 pens laying about, and I know somewhere down the line when I need a new pen, I'll buy it then -instead of saving loads of pens which most likely will be thrown away. This is the way most consumers think, if they want it or need it and can afford it - they will buy it. It's not an investment for them, it's simply something they want, need or think they need.
So who are the lazy customers?
On Sunday I thought I'd try to sell a Merlins Robe, which I've actually never dealt with before. I posted it on the Auction House for 3500g (raw material cost on my server is 1500g) and announced it on /trade. I immediatly got 3 whispers asking "how much?" and I gave them my AH price. The response was what I'd expect; "Lol no, I can buy the mats for 1800 and have it made by a friend", "No thanks" and "Hell no". Well, these guys knew what they were doing and were not my targetted customer for this item.
I want the lazy one, who's got shitloads of gold he's bought on illegal wowgold4guildlol sites, and has no clue what such epic items are worth. Merlins Robe is a pretty nice piece of robe, especially when put on your newly dinged level 80 alt. And the weekend is all about alts and pvp, in case you didn't know. Now, before I even had the chance to reconsider my pricing on the robe - someone bought it -giving me 1800g profit.
What kind of player is willing to give me 2000g for simply crafting a chestpiece from quite a common recipe? No doubt the lazy one, who don't bother to research the robe and it's material costs, and then simply ask in trade for a crafter with the promise of a nice fee. These customers are the ones to make the good (unilateral) deals from. But most of the customers will be the one that buy your merchandise for his own conveniance's sake, at a reasonable price level that he understand is reasonable.
Now I just expirienced something new on this matter. I had done some saronite shuffling for the first time in ages, and I was sitting on too many stacks of Infinite Dust. I've never sold dust before (on a professions level), so I wanted to see how the marked was. As usual with enchanting mats there were some pages of single posted items before the stacked ones appeared. Singles were priced at 1.65g while stacks were listed at 45g (2.25 a piece). I posted mine in stacks of 20 at 44.99g just to see what would happen. They sold within seconds, so I posted more. All gone within the evening, and naturally it made me wonder: "Why do people buy my overpriced wares when cheaper ones are available for just a bit more work? Who are these customers?" I then considered what my shopping patterns would be if I needed dust, and how the quantities depend on what I will buy (and not how much I'm willing to pay).
If I need 3 dusts for a simple enchant, I will buy 3 single dusts obviously. But if I need, say 40 dusts for a more expensive enchant, I will prefer to buy the dusts in stacks of 20. Now, I see that single dusts are 1.65g and stacks 2.25 per piece, so what do I do? Do I want to sit and click 120 times to get my 40 dust or will I simply don't care about the 25g I lose (most people won't even bother to do the math even). I know I would waste a few extra gold so I don't have to sit and click my finger to death, and I know most people don't have mail adons, and would want to avoid clicking 80 times just to collect some dust.
People are willing to pay for convenience, so supply it for them and make some extra cash.
The dust example is a fun one, it shows that alot of sellers think they can charge more for singles - as shown in the first example with essences/eternals - but dusts are needed in much larger quantities. When enough sellers don't understand this marked, they will compete on the single ones, forcing down the prices, while the stacked ones will sell at higher price levels - as long as it's reasonable.
Know your customer, but also know your product.
mandag 14. juni 2010
Day Time Limitations
I remember when I first read about the Remote AH that there would be a limit on the number of transactions. I just never knew I would reach it this fast..
Slow at work, so I log on eu.wowarmory to make some deals, and I find around 130 stacks of Saronite Ore that's worth buying. I relist some auctions where I've been undercut, and buy a few more items needed for my professions. I then find myself undercut again by my competition (which are online the whole day), but now I can't relist because of the limit. It takes around 15 minutes to do 200 transactions, and since I pay 3 euros a month for this feature, I feel kind of ripped off by Blizzard.
I use the Remote AH at work to keep up with my unemployed competitors, but at least I know I'm logging on tonight to continue my business. What about people who pay for this so that they can continue playing the Auction House when they are on vacation, business trip - or whatever reason they may have for not being in the game? If Blizzard feels it's necessary to limit our transactions, then at least set the cap at a reasonable level. 500 should be the absolute minimum - at 1000 I would probably struggle to hit it.
200 transactions doesn't seem that low, and it's more than enough for just selling. But it's the buying that eats through the number, as in my example from this morning. Perhaps excluding purchases from the limit is an idea, or have seperate limits on buy/sell?
And if Blizzard is reluctant to do any of this, there should at least be a counter so we don't have to keep track of the number ourselves.
According to Blizzards FaQs "Our goal with this system is to ensure that most players who are using the service will not reach the limit, and we will be continuously monitoring how the service is used and making adjustments to the system as needed."
So there is hope.
But until something might change, I need to rethink my daytime dealings. Here's what I need to do to keep below the limit:
1. Relist small quantities on my core markeds
2. Buy supercheap shit - especially Eternals
3. Buy cheap/normal priced wares, but at low quantities and only if I know I need it soon.
I made a post on the wow-europe forums about the transaction limit, hopefully it helps.. But I doubt it.
http://forums.wow-europe.com/thread.html?topicId=13705403135&sid=1
Slow at work, so I log on eu.wowarmory to make some deals, and I find around 130 stacks of Saronite Ore that's worth buying. I relist some auctions where I've been undercut, and buy a few more items needed for my professions. I then find myself undercut again by my competition (which are online the whole day), but now I can't relist because of the limit. It takes around 15 minutes to do 200 transactions, and since I pay 3 euros a month for this feature, I feel kind of ripped off by Blizzard.
I use the Remote AH at work to keep up with my unemployed competitors, but at least I know I'm logging on tonight to continue my business. What about people who pay for this so that they can continue playing the Auction House when they are on vacation, business trip - or whatever reason they may have for not being in the game? If Blizzard feels it's necessary to limit our transactions, then at least set the cap at a reasonable level. 500 should be the absolute minimum - at 1000 I would probably struggle to hit it.
200 transactions doesn't seem that low, and it's more than enough for just selling. But it's the buying that eats through the number, as in my example from this morning. Perhaps excluding purchases from the limit is an idea, or have seperate limits on buy/sell?
And if Blizzard is reluctant to do any of this, there should at least be a counter so we don't have to keep track of the number ourselves.
According to Blizzards FaQs "Our goal with this system is to ensure that most players who are using the service will not reach the limit, and we will be continuously monitoring how the service is used and making adjustments to the system as needed."
So there is hope.
But until something might change, I need to rethink my daytime dealings. Here's what I need to do to keep below the limit:
1. Relist small quantities on my core markeds
2. Buy supercheap shit - especially Eternals
3. Buy cheap/normal priced wares, but at low quantities and only if I know I need it soon.
I made a post on the wow-europe forums about the transaction limit, hopefully it helps.. But I doubt it.
http://forums.wow-europe.com/thread.html?topicId=13705403135&sid=1
søndag 13. juni 2010
The Schnitzel Report - Week 4
I'm finally back in business; I started on Wednesday with 60k, spent 8k on mats and began working my markeds again. Here are my standings now (Sunday evening):
I blew another 6k on mats earlier today, I think a miner was hacked cause I noticed someone posting Titansteel Bars at cost price. I immediatly bought them and searched for other mining stuff. Here's what I paid for his auctions, with normal prices:
12 Titansteel Bar 78g (100)
6 stacks Eternal Fire 18g (28-30)
7 stacks Eternal Shadow 10g (17-20)
8 stacks Eternal Earth 2g (4-5)
18 stacks! Titanium Ore 9g (13)
40 Titanium Bar 12g (18)
Titansteel Bars and Titanium Ore will be flipped for a nice profit, while the rest goes into my production line. I just can't get enough Eternals!
All in all a good week, competition is fierce and I will have a little struggle taking back my markeds. But hey, that's what makes auctioneering fun, right?
I've set myself a goal now; Gold Cap before Cataclysm. Should be quite doable if I earn 10-15k a week, although I have no idea how earnings will be during the summer.
I blew another 6k on mats earlier today, I think a miner was hacked cause I noticed someone posting Titansteel Bars at cost price. I immediatly bought them and searched for other mining stuff. Here's what I paid for his auctions, with normal prices:
12 Titansteel Bar 78g (100)
6 stacks Eternal Fire 18g (28-30)
7 stacks Eternal Shadow 10g (17-20)
8 stacks Eternal Earth 2g (4-5)
18 stacks! Titanium Ore 9g (13)
40 Titanium Bar 12g (18)
Titansteel Bars and Titanium Ore will be flipped for a nice profit, while the rest goes into my production line. I just can't get enough Eternals!
All in all a good week, competition is fierce and I will have a little struggle taking back my markeds. But hey, that's what makes auctioneering fun, right?
I've set myself a goal now; Gold Cap before Cataclysm. Should be quite doable if I earn 10-15k a week, although I have no idea how earnings will be during the summer.
fredag 11. juni 2010
Shopping List
These items I buy whenever the price is right, and what I use them for:
Frozen Orb 26g
-Spellthreads
-Eternal Life/Fire
Eternal Life 26g
-Brilliant Spellthread
-Moonshroud
Eternal Fire 26g
-Sapphire Spellthread
-Spellweave
-Titansteel Bar
-Earthsiege Diamond
Eternal Shadow 15g
-Shadoweave
-Eternal Belt Buckle
-Titansteel Bar
Eternal Water 5g
-Eternal Belt Buckle
Eternal Earth 4g
-Eternal Belt Buckle
-Titansteel Bar
-Saronite Shuffle
Eternal Air 20g
-Skyflare Diamond
Saronite Ore 15g
-Eternal Belt Buckle
-Titansteel Bar
-Saronite Shuffle
Iceweb Spider Silk 10g
-Spellthreads
Netherweave Cloth
-Netherweave Bag
-Bag of Jewels
Frostweave Cloth 7g
-Speciality Cloth
Infinite Dust 1,5g
-Speciality Cloth
-Various Enchants
Frozen Orb 26g
-Spellthreads
-Eternal Life/Fire
Eternal Life 26g
-Brilliant Spellthread
-Moonshroud
Eternal Fire 26g
-Sapphire Spellthread
-Spellweave
-Titansteel Bar
-Earthsiege Diamond
Eternal Shadow 15g
-Shadoweave
-Eternal Belt Buckle
-Titansteel Bar
Eternal Water 5g
-Eternal Belt Buckle
Eternal Earth 4g
-Eternal Belt Buckle
-Titansteel Bar
-Saronite Shuffle
Eternal Air 20g
-Skyflare Diamond
Saronite Ore 15g
-Eternal Belt Buckle
-Titansteel Bar
-Saronite Shuffle
Iceweb Spider Silk 10g
-Spellthreads
Netherweave Cloth
-Netherweave Bag
-Bag of Jewels
Frostweave Cloth 7g
-Speciality Cloth
Infinite Dust 1,5g
-Speciality Cloth
-Various Enchants
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