Best way to make gold?

[Tomm0]

What are some of the most popular stats/affixes now in 1.0.3?

[xLesz]

You guys talking about making 8mil on flips all nonchalantly are giving him the wrong idea.

I do well on the AH flipping, can make 10-20M+ per day, but not on a whim. The D3 market is very volatile even when you know what to look for, staying on top of trendy items can be difficult because the trends can change hour by hour. 5-10M is chump change to some of us, but not to most. Buying items for 500k and reposting them to sell at 8-10M is very possible, but you can never expect those items to be auto-sales in any sort of reasonable time frame. Sometimes you get lucky and they move quickly, other times you have them expire, not because someone undercut you but simply because there's no one in the market for ~10M items that day. The customers are NOT plentiful when you get to that range.

Going for those monster flips can be enticing but I'd suggest staying with mid-range stuff, it moves much more easily and is a better place to start for someone without enormous working capital. You probably don't want a large percentage of your money to be tied up in an item that may or may not sell for several days. Good starter flips will generate you 100-500k at a time and are more likely to sell within minutes to a few hours.

I have a few items I currently search for that are frequently underpriced (I'm talking about finding several every hour) where I can make small fortunes on each resale - find these sorts of items and work them as much as possible, they only last so long before others discover your secrets and the competition broadens, resulting in more undercutting and ultimately a lost market due to it no longer being worth your time - hopefully you'll have found the next market by then.

Arbitrage is also a great way to make money; having what are essentially two separate economies, the Gold auction house, and the Real Money auction house, you're able to buy items from one, and resell on another for a sizable profit in either currency. I've bought items for 500k gold that I've sold for $40 on the RMAH, and if you set yourself a value on that $USD to gold (I personally just say $5=1M*) then I essentially got $80/M on my sale. Conversely I have paid $20USD for an item (4M at my conversion) and resold it for 35M in the gold AH (I've done this far less, this happened to be with a dex/crit dmg/crit chance/as% ring that was insanely underpriced at $20)

There's tons of money and gold to be made but no matter the method you chose, there will be work involved. Personally I prefer following financial/market trends more than farming monsters in Act 3 Inferno, but only you can be the master of your own destiny.

*I will add that the conversion you give yourself from $USD to Gold isn't really relevant as long as you KEEP the SAME conversion for yourself going back and forth, and as long as you aren't dealing with any third-party organizations. Basically it's just a placeholder. I could say $1USD = 100M gold if I want as long as I keep that standard going from Gold to $ and back from $ to Gold, it's basically just a functional way to operate your arbitrage. If you however plan to sell to 3rd parties then it would be wise to keep that conversion on par with actual market values (somewhere around $2.5-4/M I believe? Don't really follow it.)

Another thing I would add to that is never start buying items 1/100 more than what you have. Say I have 50 mil, I would never buy items worth more than 500k. Prices can change, hence the safety factor. But they don't change that much. I was in the helm business for a while. They held steady for almost a week.

How to price items: find a niche affix that generally goes for a certain price. I'll give you an example. Pre 1.0.3 rings with 15% IAS were going for, lowest 130k. This is with the worst possible stats possible. I set my buyout at like 100k and just bought up everything that even showed up on my screen. You'll be surprised what items you get. Some were possibly the 130k items, a MAJORITY were probably worth over 250k, and you'll get rare gems (10-20%) of the time that are worth in the millions. I did this for 2-3 hrs a day and got $200-300, no joke.

Rings still are a great commodity. It's vibrant, meaning there's a huge buy/sell constant flux. (Makes sense - you need 2 of them so more people buying/selling). Obviously, you can't just use IAS now as an affix and have to be more specific, post 1.0.3. Now that I'm more wealthy, I can go for the bigger fish. Same strategy, just now I go after certain affixes that are costing initially more but bringing in far more money. It's almost $800-1000/2 hr timespan. Just be smart about what you go for.

Certain types of helms, chest, and/or boots also work. I myself might switch into it. I saw some severely underpriced items the other day.

Hope that helps. Oh yeah, it helps to have fast fingers.

[xLesz]

Well very good guide there for auction house farming. But cant make it work here .I have been like seaching Ah for 3-4 hours but cant see any items to buy for 500k and sell for 15-20$. Or buy an item for 500k or 1m and sell it to 8-9m nearly searched every thing that can be used by decent people. What are we doing wrong? Is this thing a luck or really good reseach? Cause i am sure i seach anything that can be usefull to everyone but only tanking gear.

Sorry for double post. It really boils down to good research. For a certain type of armor, say int helms, I monitor it for a good 2-3 days. You'll get a sense of what sells fast, what is overpriced, and what will make an item go up or down. Don't expect to just walk in, go "SWEET DEAL," and buy everything. Do your homework. It'll pay for itself.

[Linolis]

Well very good guide there for auction house farming. But cant make it work here .I have been like seaching Ah for 3-4 hours but cant see any items to buy for 500k and sell for 15-20$. Or buy an item for 500k or 1m and sell it to 8-9m nearly searched every thing that can be used by decent people. What are we doing wrong? Is this thing a luck or really good reseach? Cause i am sure i seach anything that can be usefull to everyone but only tanking gear.

You can't expect to get a 1000% return on most items you see. For me, I search for items that usually sell for 6-8 million. I sometimes (avg once per hour) see them posted for 3-4 million, and repost for a quick 1 million profit. Very rarely will I see them posted for <1mil and make bank. While I deal with higher end items, the same idea can work with any bankroll, but you do need a bit of luck on your side. Sometimes you need to walk away, especially when I see things posted that I *may* be able to resell for a profit, but don't want to take the risk.

I've also had items where I've gone through the entire 36 hours and had no buyers (mostly for 10+mil stuff). Then I've reposted for the same price and found a buyer. Especially for stuff over 3-4 million, it does take some time, sometimes. Like I said, I sell my stuff cheap for a quick profit, but I buy them cheaper. If I tried to sell things at/near retail, I'd expect most of them to take awhile to sell. Even sometimes when I try and make a quick million profit, and I'm selling at near half the retail, it takes 10+ hours to sell.

[cloudstrife007]

What this thread needs are example items of what would be good to buy, and what needs to be avoided.

[droopie28]

yeah i sold a bow for 80 mil. but i farmed it, now i want to use that gold and re invest it, would love to learn how...

[xLesz]

Probably what you would want yourself...

I would be personally hesitant to put up the exact stats I use to make money for all of thousand people to see and then go into my niche business.

No longer in this business, but I'll give you an example. Vit/Primary Attribute/All Resist Armor. People want it, people undersell it all the time.

[scwroque]

xLesz, just out of curiousity, what price point do you currently look in (buypoint vs average minimum sale price), and what volumes are you getting (how often do you find items)?

[cloudstrife007]

I tried doing that .. like minimum 100 dex, 50 all resists, and w/e for vit .. figured it would be great for a monk, but stuff is at cheapest 800k. How low of a price should I be looking for, so I know I am not paying too much.

[xLesz]

I tried doing that .. like minimum 100 dex, 50 all resists, and w/e for vit .. figured it would be great for a monk, but stuff is at cheapest 800k. How low of a price should I be looking for, so I know I am not paying too much.

if the lowest for 1d11h is 800k, then 500k. if it's not, i would drop it lower.

[scwroque]

Hi, hoping to get some better clarity on what I should look for and expect. Trying to find some niches but feel like the gold rate I'm getting is pretty slow. Was wondering if you could help me "benchmark"

I did this for 2-3 hrs a day and got $200-300, no joke.
It's almost $800-1000/2 hr timespan. Just be smart about what you go for.

How much gold/hour does that translate to for before and present?

Focus on certain item choices. Be really niche in what you specialize. I have a price ceiling of like 100k. I can buy roughly ~30 of them in an hour.
Now that I'm more wealthy, I can go for the bigger fish. Same strategy, just now I go after certain affixes that are costing initially more but bringing in far more money.

Are you still looking to get high volume of ~30/hr? Are you doing this in one niche only or across multiple niches? Also, is my interpretation correct in that you're using your same strat just looking for better affixes or higher value rolls among certain affixes?

[xLesz]

Hi, hoping to get some better clarity on what I should look for and expect. Trying to find some niches but feel like the gold rate I'm getting is pretty slow. Was wondering if you could help me "benchmark"



How much gold/hour does that translate to for before and present?


Are you still looking to get high volume of ~30/hr? Are you doing this in one niche only or across multiple niches? Also, is my interpretation correct in that you're using your same strat just looking for better affixes or higher value rolls among certain affixes?

Um...I think for one morning and early afternoon where I had it off, I made ~30 mil gold on top of around $150 from RMAH. Combined it's like $300?

Can't get that high volume now. I don't have time, as I'm always traveling internationally for my job; it was more of an experiment than anything. And yes.

[scwroque]

Thanks for the input/responses... sent you a message with one last question-.Thanks again!

[Lass3-]

Farm act 1 (Elites) "Inferno" Sell crap on RMAH = Profit, being doing this for a few days, and it pays well. like 70€ for 3 hours farming + gold on AH.

[jojolafri]

you're playin' on us serv?
because on eu it's impossible ....