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
Auctionhouse @ work
I'm not sure if it's worth it, but I just bought the Remote Auctionhouse feature. 3 Euros a month isn't alot of money, but sales during daytime are never high. I will be testing it the next week, but I don't expect my income to be more than a few hundred gold extra per week.
Since I can't craft stuffs, I guess I need to have a few extra stacks in my bags. I can cancel and post from my mail - but only one stack at the time. This sucks.
This first day it seems that netherweave bags and belt buckles sell pretty well during daytime. I shall update this post at the end of the work day.
Update @ 14:45
I was dead wrong, daytime auctioneering is pure win. I've collected 1900 gold so far, I've bought 6 stacks of Eternal Fire at 20g per piece (normal prices are 27-35), and it seems alot of my competition (on spellthreads) play during the day which mean I've relisted a few times. I'm completely sold out on Belt Buckles and Netherweave bags, need to make moar! This is awsome.
The downside is that it steals my work time which my boss won't like.. But it's friday and summer is approaching, so the workload is low anyways. In addition I'm being transfered next week, so I don't have any big responsibilites atm. But I guess in the future I will get some routines on when I can log into the AH, and reduce time spent.
Update 16:45
2500 gold collected, half of that gold coming from spellthreads.
Since I can't craft stuffs, I guess I need to have a few extra stacks in my bags. I can cancel and post from my mail - but only one stack at the time. This sucks.
This first day it seems that netherweave bags and belt buckles sell pretty well during daytime. I shall update this post at the end of the work day.
Update @ 14:45
I was dead wrong, daytime auctioneering is pure win. I've collected 1900 gold so far, I've bought 6 stacks of Eternal Fire at 20g per piece (normal prices are 27-35), and it seems alot of my competition (on spellthreads) play during the day which mean I've relisted a few times. I'm completely sold out on Belt Buckles and Netherweave bags, need to make moar! This is awsome.
The downside is that it steals my work time which my boss won't like.. But it's friday and summer is approaching, so the workload is low anyways. In addition I'm being transfered next week, so I don't have any big responsibilites atm. But I guess in the future I will get some routines on when I can log into the AH, and reduce time spent.
Update 16:45
2500 gold collected, half of that gold coming from spellthreads.
torsdag 10. juni 2010
The Bait
I buy all Netherweave Cloth that are priced at 7 gold or below, and if supply is low and the price on bags are right - I can stretch up to 10 gold. But my ideal buying price per stack o'cloth is 5 gold. It just feels right to buy something for 5 and sell it for 15. Or 17. Or even 19. And luckally the other bag manufacturers never seem to make any big efforts into controlling the marked (yesterdays post seems to be a misjudgement, I listed my undercut bags and wathced the other bags timeout giving me the chance to reset the marked from below 10 to 18 gold).
Bags sell in medium quantities, so to keep the g/hour at a sufficent rate, I depend on getting cheap cloth. I spend ~10 minutes a day on netherweave cloth/bags (crafting time excluded as this is afk-time anyways), and I want my profit to be at least 200g per day. This means I also need to strangle my competition by buying all reasonable priced cloth and at the same time make sure I can buy most of the cloth for less than 5 gold - which is doable:
There's a very simple trick I like to call 'the Bait'. I don't buy out all cloth cheap cloth, but leave a stack or two - and then undercut it without a buyout price. This way I leave a false impression that some people have put cloth on the AH at ridiculous prices (8-25 gold -always 3 pages of this), while a few have put them out cheap. Smart players who are selling a batch of new cloth will undercut 8g cloth, and not the 4g without buyout bait I just put there. Luckally there are enough less mentally gifted people in WoW to let this work.
To improve the illusion, I can log on to other characters and post smaller stacks of cheap cloth - with buyout - so it won't hurt me too much if competitors buy them.
Now we suddenly have multiple players trying to sell cloth and undercutting eachother!
The downside of this is it won't always work, and you have to keep an eye on the AH so competitors don't snatch cheap cloth before you. You have to rely, to some extent, on lazy competion that don't make their purchases too often.
The upside is alot of underpriced cloth for better margins. Yesterday I put my bait out at 1900 and at 2300 I bought out 25 stacks of Netherweave Cloth at 3.5-3.99 gold. In April I managed to trigger a war on cloth sales (I have no idea where my competitors were) - buying several hundred stacks of cloth at 2-3 gold. Good times!
Edit: To illustrate this is what met me the morning after. 22 stacks of less than 5g Nethweave stacks.
Bags sell in medium quantities, so to keep the g/hour at a sufficent rate, I depend on getting cheap cloth. I spend ~10 minutes a day on netherweave cloth/bags (crafting time excluded as this is afk-time anyways), and I want my profit to be at least 200g per day. This means I also need to strangle my competition by buying all reasonable priced cloth and at the same time make sure I can buy most of the cloth for less than 5 gold - which is doable:
There's a very simple trick I like to call 'the Bait'. I don't buy out all cloth cheap cloth, but leave a stack or two - and then undercut it without a buyout price. This way I leave a false impression that some people have put cloth on the AH at ridiculous prices (8-25 gold -always 3 pages of this), while a few have put them out cheap. Smart players who are selling a batch of new cloth will undercut 8g cloth, and not the 4g without buyout bait I just put there. Luckally there are enough less mentally gifted people in WoW to let this work.
To improve the illusion, I can log on to other characters and post smaller stacks of cheap cloth - with buyout - so it won't hurt me too much if competitors buy them.
Now we suddenly have multiple players trying to sell cloth and undercutting eachother!
The downside of this is it won't always work, and you have to keep an eye on the AH so competitors don't snatch cheap cloth before you. You have to rely, to some extent, on lazy competion that don't make their purchases too often.
The upside is alot of underpriced cloth for better margins. Yesterday I put my bait out at 1900 and at 2300 I bought out 25 stacks of Netherweave Cloth at 3.5-3.99 gold. In April I managed to trigger a war on cloth sales (I have no idea where my competitors were) - buying several hundred stacks of cloth at 2-3 gold. Good times!
Edit: To illustrate this is what met me the morning after. 22 stacks of less than 5g Nethweave stacks.
onsdag 9. juni 2010
The Sunlight and How to Swing It
It's been more than a month since I updated this blog, and during this time I've done nothing on the Auction House. I've still been playing, levelling my warrior and gearing him up. My hope is to tank a bit in ICC 10 this week, but it doesnt really matter.
I gave a colleague of mine 20k gold, since he's still struggeling levelling up and had some cash issues. He was wearing spellpower items (spellpower hunters ftw), so a few tips on gear and spec made his journey even easier. In return he bought the silly sparkle pony to me, I havent claimed it yet since it's rather far from being my favourite mount.
I also gave 20k to a friend from Sweeden who started her first horde chr a few months back. The fact that she's cute has nothing to do with my kindness!
It's a good thing that my earnings find some use, now that I'm not all too fuzzed about the game. I also wasted about 20k on gear for my warrior, which has brought me down to 60 000, in other words about half of what I had.
Ah summertime, the bane of many a raiding guild, and a blessing for those of us who like beer and girls wearing less clothes. I've been hooking up a bit with a co-worker, it's nice to have some action on that front, although it's nothing serious. She drinks alot of beer, making her a bad influence on me and on my work, I'm not very productive while hung over in week days.
In about a week I start my 5 week vacation, spending three of those weeks working on my brother in laws farm. I will be doing alot of carpentry work - a trade I really like. Salary will be less than I'm used to at my regular job, but nothing beats outside physical work in the summer!
The farm is situated far away from anything that resembles a sivilization, so I'll bring my lap top for entertainment. I even plan to pick up my auctioneering again - so this blog will hopefully be back on it's feet in a few weeks.
Due to this, I had a quick look at my old markeds, and was pleased to see that it's about the same people dealing with the same prices. Except for netherweave bags which seems to be going through a little war. I think I will stay out of it for now (but keep buying cheap cloth)and see if someone comes out on top. Then I shall destroy the remaining competition (I got a bank tab full of netherweave bolts, all bought at 4-5g) and bring prices back up to ~15 gold per bag.
Hmm just writing about this increases my lust for gold..
I gave a colleague of mine 20k gold, since he's still struggeling levelling up and had some cash issues. He was wearing spellpower items (spellpower hunters ftw), so a few tips on gear and spec made his journey even easier. In return he bought the silly sparkle pony to me, I havent claimed it yet since it's rather far from being my favourite mount.
I also gave 20k to a friend from Sweeden who started her first horde chr a few months back. The fact that she's cute has nothing to do with my kindness!
It's a good thing that my earnings find some use, now that I'm not all too fuzzed about the game. I also wasted about 20k on gear for my warrior, which has brought me down to 60 000, in other words about half of what I had.
Ah summertime, the bane of many a raiding guild, and a blessing for those of us who like beer and girls wearing less clothes. I've been hooking up a bit with a co-worker, it's nice to have some action on that front, although it's nothing serious. She drinks alot of beer, making her a bad influence on me and on my work, I'm not very productive while hung over in week days.
In about a week I start my 5 week vacation, spending three of those weeks working on my brother in laws farm. I will be doing alot of carpentry work - a trade I really like. Salary will be less than I'm used to at my regular job, but nothing beats outside physical work in the summer!
The farm is situated far away from anything that resembles a sivilization, so I'll bring my lap top for entertainment. I even plan to pick up my auctioneering again - so this blog will hopefully be back on it's feet in a few weeks.
Due to this, I had a quick look at my old markeds, and was pleased to see that it's about the same people dealing with the same prices. Except for netherweave bags which seems to be going through a little war. I think I will stay out of it for now (but keep buying cheap cloth)and see if someone comes out on top. Then I shall destroy the remaining competition (I got a bank tab full of netherweave bolts, all bought at 4-5g) and bring prices back up to ~15 gold per bag.
Hmm just writing about this increases my lust for gold..
søndag 25. april 2010
Spring Takes Its toll
The weather is just too damned nice, and I've almost lost all interest in the game. I haven't even logged on to transmute this week. I spent a few hours today just watching how the markeds been doing in my abscence. Next week there will be a bit more AH farming since I'll be going on a business trip to Trondheim and stay with people I've met ingame.
Standings:
Standings:
søndag 18. april 2010
Bag Bonanza
Here's the summary for week 2 of the blog:
I've bought a guild with full vault (9300g) and epic flying skills and dual spec for my mage (7000g) and levelled 2 tailors. So it hasnt been a very bad week I'd say, but there's more to be gained. I just started looking into the enchanting marked, need to get familiar with prices before I can make the big money there. Tailoring I own, and this Saturday was crazy. I think I sold 80 Netherweave Bags or so, buying the cloth for 4-7g a stack and selling with a pretty good profit!
I've bought a guild with full vault (9300g) and epic flying skills and dual spec for my mage (7000g) and levelled 2 tailors. So it hasnt been a very bad week I'd say, but there's more to be gained. I just started looking into the enchanting marked, need to get familiar with prices before I can make the big money there. Tailoring I own, and this Saturday was crazy. I think I sold 80 Netherweave Bags or so, buying the cloth for 4-7g a stack and selling with a pretty good profit!
torsdag 15. april 2010
The Glamour of Gold part I
I used to do dailies. For many auctioneers this is a waste of time, but I didn't feel that way about. I made some gold and had fun trying to make the quest routes as efficient as possible. But as with most wow-activities, you will get bored by the endless repetion. This paid for my raiding expenses (I also herbed some to get flasks) and even for a few epic flyers, but I could never seem to get past 7k gold.
In november a friend of mine asked me if I wanted to help him farm the Bloodsail-title. I was a bit unsure to wether or not I wanted to, since I would probably be bitten by the reputation bug and start mindless farming for useless feats. And what do you now, I soon find myself running in and out of DM to get the Insane in the Membrane-achievement. I realized quite early that I would need shitloads of gold to cover my Darmoon-rep, and that Shendralar wouldnt come cheap either. So I started camping the AH for Pristine Black Diamonds which I bought for 5-150 gold. I made an alliance alt and bought them in Stormwind as well, and before long the Night Elves of Dire Maul loved me more than their own children.
But since PBD was selling at riddiculus prices, I kept buying the cheap ones and resold them for 300-400 gold. Meanwhile my adventures with the Steamwheedle Cartel in DM North made me realize there were huge amounts of gold to be earned from farming that place. Enchanting mats and Runecloth made a steady cashflow, and the one Gordok Ogre Suit you could bring out would always sell for 25-30 gold. This gave me the idea of mass producing the suits, but since they are unique I had to make one (at the goblin in DM for rep) and mail it using my Argent Gruntling. The mail box is at a time limit and I could make/send 13 suits before he buggered off. The sales of these (30-35g) + librams (150-250g) and PBD (300g+) made my gold per hour from 600-1500 during my rep-sessions.
But as expected, I grew tired of this mindless activity and took a break from the Insanity. I was now sitting on 25 000 gold, a number I never had dreamed about getting. So what do one do with this amount of cash? We buy ourselves a 16k mammoth! Of all the needless shit I've wasted gold on, this is my best investement. I have a vendor for trash I loot, I have infinite amounts of Runethreads a click of a button away, and my own personal reagent vendor.
Now as much as I liked getting the mount, I liked having lots of gold bmore. So I started investigating a little, and soon found internetlitterature (blogs) such as Justmytwocopper and Gevlon the greedy goblin. I was inspired, I was entertained and my lust for gold increased for every little bit of information I picked up. And so it began..
In november a friend of mine asked me if I wanted to help him farm the Bloodsail-title. I was a bit unsure to wether or not I wanted to, since I would probably be bitten by the reputation bug and start mindless farming for useless feats. And what do you now, I soon find myself running in and out of DM to get the Insane in the Membrane-achievement. I realized quite early that I would need shitloads of gold to cover my Darmoon-rep, and that Shendralar wouldnt come cheap either. So I started camping the AH for Pristine Black Diamonds which I bought for 5-150 gold. I made an alliance alt and bought them in Stormwind as well, and before long the Night Elves of Dire Maul loved me more than their own children.
But since PBD was selling at riddiculus prices, I kept buying the cheap ones and resold them for 300-400 gold. Meanwhile my adventures with the Steamwheedle Cartel in DM North made me realize there were huge amounts of gold to be earned from farming that place. Enchanting mats and Runecloth made a steady cashflow, and the one Gordok Ogre Suit you could bring out would always sell for 25-30 gold. This gave me the idea of mass producing the suits, but since they are unique I had to make one (at the goblin in DM for rep) and mail it using my Argent Gruntling. The mail box is at a time limit and I could make/send 13 suits before he buggered off. The sales of these (30-35g) + librams (150-250g) and PBD (300g+) made my gold per hour from 600-1500 during my rep-sessions.
But as expected, I grew tired of this mindless activity and took a break from the Insanity. I was now sitting on 25 000 gold, a number I never had dreamed about getting. So what do one do with this amount of cash? We buy ourselves a 16k mammoth! Of all the needless shit I've wasted gold on, this is my best investement. I have a vendor for trash I loot, I have infinite amounts of Runethreads a click of a button away, and my own personal reagent vendor.
Now as much as I liked getting the mount, I liked having lots of gold bmore. So I started investigating a little, and soon found internetlitterature (blogs) such as Justmytwocopper and Gevlon the greedy goblin. I was inspired, I was entertained and my lust for gold increased for every little bit of information I picked up. And so it began..
mandag 12. april 2010
The Kingslayer
Tonight I killed the Lich King 10-man along with some friends in the most progressed horde guild on Dragonblight, The Khalasar. I must say it was bloody exciting, I havent appretiated a boss kill this much since Huhuran back in the days. The 10% buff is rather helpful as this group isn't the top players in their guild with a mix of casuals and raiders.
Here's my gold standings as of tongiht:
So only a few thousands from 100k which will be my second milestone after 50k. But since I soon need a presonal guild with full vault (will be my first..) and another epic flyer, it's still some auctions to go.
Here's my gold standings as of tongiht:
So only a few thousands from 100k which will be my second milestone after 50k. But since I soon need a presonal guild with full vault (will be my first..) and another epic flyer, it's still some auctions to go.
First post!
I am McScnitzel of Dragonblight EU, high protector of schnitzels and earner of virtual currency in World of Warcraft. By writing this blog, I don't really care for attracting great hordes of readers, but rather keep some track on how much time I waste playing this addictive game.
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