This is a long read but very well worth it!
Hi, before you get discouraged by the length of this guide and stop reading, let me tell you this is not a guide you will need to read multiple times, just once. It is a guide that is plainly written so that even those of you who have felt that you never had a shot a being rich in WOW can be. I personally am currently making roughly 5-10k a day with a mere 30 minutes or less of effort a day. I will show you my method step by step, but more importantly, let me help you build a foundation in making gold that will translate to all areas of the WoW economy that you can take and apply to any area of the market you would like to.
INTRODUCTION
First things first, let me say that there are many ways to make a lot of gold in this game. In fact, there are many EASY ways to make vast fortunes in this game. I personally have been playing for 6 years ( a few breaks for internships here and there over the summers), though I never really got into trying to make a lot of gold until the latter half of The Burning Crusade. As time has gone on I have perfected my methods, cornered markets, got it to where I was spending 2-3 hours a day on the AH and becoming one of the top sellers, if not THE top seller, on my server. Yet, times have changed for me. I have turned the corner in this game and realized that I just don’t enjoy spending hours at a time in a capitol city, at the AH, or in trade chat. I actually enjoy playing this game like a GAME! Also, as I have gotten busier with my life, I just have found I didn’t have the time to spend hours doing it all anymore.
So, without further ado, I present to you my guide now for casually making some easy gold with minimal effort. You may not rise to the number one seller on your server with my casual method, and you may not rise to the leagues of those that are making 20k+ per day, but you will make some solid money. Think about it. If you could make 5k p/day consistently for 30 days, that’s 150k gold in 1 month profit, granted you didn’t spend anything on gear or mounts, etc… Hopefully you will get something out of this as I try to simply and logically explain how you too can casually become rich in World of Warcraft. There is a little bit of a learning curve on how to do this, so I am going to try to help you over it. Just put in the little bit of time now
What Will You Be Doing?
Quite simply, you will be making just two items, both the Vial of the Sands and the Mechano-hog. Now, before you go and whine about how this is common sense and so on, I am telling you that this is not as straight forward and obvious as it seems to make big profit. Good luck selling 7 mechano-hogs a week and maintaining supply for mats without prices skyrocketing! Think about it. That would be 84 titansteel bars, or 252 titanium bars, or 504 titanium ore a week. Think you can acquire these mats cheaply without the prices skyrocketing or you being able to keep up supply without running out of materials? Think you can easily farm that yourself as a miner? Like I said, there are some important things you must do to make this profitable. You might also be laughing to yourself thinking that you can't sell 7 per week. I will show you how you can. Read on if you still care…
STEP 1
You MUST be a Goblin, so race change to goblin if you haven’t lvled one. Why? 20% vendor discount. It is also important to keep in mind that guild rank 24 introduces a special guild perk called Bartering. This gives an additional 10% off of vendor prices and absolutely 100% stacks with the goblin discount, thus enabling you with a 30% discount. THIS IS HUGE! And YES, they absolutely do stack as I confirmed this back in the beta as I was extremely curious, and to my knowledge, there were no changes to that and it DID go live. Awesome right? Note, in a competitive market, any advantage that might exist can and WILL be taken advantage of by players so YOU need to make sure you are the one doing it or you will not be able to compete.
STEP 2
Have your goblin toon with the following professions:
Mining/Engineering
This is VERY important to have mining coupled with engineering, as not only is engineering easier to lvl, but it instead allows you to have the item Electrostatic Condenser, which allows you to also collect some Volatile Air when farming, thus enabling you to get volatile earth, fire and air from mining nodes. This will save thousands of gold over time as airs are the most expensive of the bunch off the AH.
Also, you must be exalted with the Northrend faction called Horde Expedition. It is very easy to hit exalted with them, both through questing and running dungeons. If you have no faction tabard on in Northrend dungeons you by default get Horde Expedition rep. The reason why is you need to be able to buy the recipe “Mechano-Hog,” to which you must be exalted to buy and craft. It’s very simple to solo rep grind at level 85.
*Note* I personally have my main as my Engineer/miner team just because I personally enjoy pvping a lot and I find that my engineer is the most fun in non-rated BGs and world PVP. But, it doesn’t really matter which character you have as your goblin engineer, as everything you do can be transferred between characters.
STEP 3
Have a 2nd toon with the following professions maxed:
Alchemy(Transmute Master)/Herbalism/Archaeology
Your main focus here is to be working on archaeology… and yes I know archaeology is kind of meh, but it’s really pretty easy. I definitely would invest on making sure this toon at least has epic flying. On archaeology, your main goal is to work on getting Canopic Jars from Tol’Vir artifacts and trying to obtain the Vial of the Sands mount. Also, they will ONLY drop out of Canopic jars if you are an Alch with at least 450 skill I believe.
Be warned, this took me probably 20 hours of archaeology farming and I didn’t get it until my 6th Canopic Jar solve. Remember, there are only 16/56 Tol’Vir dig sites in Kalimdor, so it does take a while to get enough solves. I personally dropped close to 5k gold on the Tol’vir Hieroglyphics to help it move a little faster(500g a piece avg on my server in AH). With that being said, it was well worth the investment. Previously I was still crafting and selling 4-5 Vial of the Sands mounts a week with the help of another player who I knew obtained the plans but was too lazy of a guy to bother with crafting and selling. So, he was ok with me tipping him 1000g to craft the mount 4-5 times per week. It was a win-win for both of us. Again, that was 15-20k gold I was down a month cause of not having the plans, so once I finally farmed them up, I now save even more gold.
Note:
• The jar is BOP
• The recipe inside the jar is BOP
• The crafted mount is BOE
• 3 levels of RNG (Project, Dig Site, Jar Contents)
Be happy though guys, they have since upped the drop ratio (allegedly) since I did it, and hopefully will be easier to obtain.
PROFITABILITY OF THESE MOUNTS
Ok, the hardest part of it all is done. Now that you have those professions maxed out you are already through 90% of the work. I want to break it down for you how much each of these mounts costs to craft, without factoring in the goblin or bartering discount yet. Also, I will briefly show you server avg. prices for mats to make the Hog and Vial of the sands, but then I will show you how to make Titansteel for 40-50g a bar, possibly less, further increasing your profits. That information will follow all of the basics in economics that you must understand before I jump to them.
MATH TIME, YAY!
MECHANO-HOG
Vendor mats: 12500g (There are no exalted faction discounts)
Titansteelx12 – Often 70-100+g even in Cataclysm. Let’s aim low and say 75g each x 12 = 900g
Arctic Fur x 2 – often 20-50g. Let’s aim low and say 25g x 2 = 50g
40xCobalt bolts = about 40 cobalt bars – Often 50-100g a stack. Let’s aim low and say 75g x 2 = 150g.
TOTAL = 13600g.
Now, if you sell it on the AH for say 15000g, the AH takes a 5% cut, so 15k x .05 = 750g AH cut.
So, 15k – 750g = 14250g Sale returns in your mailbox.
To calculate profits just use this formula: “Sale returns minus Cost to Craft” Or 14250g — 13600g = 650g (+/- 200g or 300g depending on server mats costs).
*Note* it is important to remember that this IS obviously server dependent but what I am going to teach you is how to get a steady market going with as constant of sales as you can get.
GOBLIN DISCOUNT + GUILD lvl 24 BARTERING FACTORED IN
12500g x .30 = 3750g -- So, 12500g – 3750g = 8750g.
+1100g for other mats
= 9850g – so let’s just say 10k gold to craft.
Sell at 15k and get 14250g in your mailbox. That 650g in profit just turned into 4250g. Pretty nice right?
*Note* Even if you are not in a guild close to hitting lvl 24 (my guild is only lvl 20 myself prob a month or 1.5 months from 24), the 20% discount alone is a HUGE profit margin still.
VIAL OF THE SANDS
Vendor Mats = 29000g (No exalted discounts)
Trugold x 12 = Avg. 500-600g each. Let’s say 500g x 12 = 6000g
Flask of Titanic Strength x 8 = Avg. 90g -120g. Let’s aim low and say 100g each x 8 = 800g
Flask of the Winds x 8 = Avg. 100g – 140g. Aim low and just say 100g each for simpleness x 8 = 800g.
Deepstone Oil x 8 = usually like 5-10g each. Let’s say 8 of them for 50g.
Total = 36650g -- Pretty expensive right!?
Sell for 40k x .05% AH cut =2k gold – 40k-2k = 38k – 36650g crafting costs = 1350g profit (+/- 500g server dependency).
Not very profitable for such a huge investment, especially if you do not yet have the plans to make it yourself and must tip someone.
GOBLIN DISCOUNT + GUILD lvl 24 BARTERING FACTORED IN
29000g x .30 = 8700g = 20300g vendor costs.
+ 7650g crafted mats.
= 27950g (28k let’s say) Total Crafted Costs to make.
38K Sale returns – 28k crafting costs = 10k profit. (Maybe slightly less if you yet do not have crafting plans and must tip someone to make em.
STEP 4
Familiarize yourself with my following two areas: Analyzing profits and Economics Basics
ANALYSIS OF PROFITS
I hope you see where I am going with this and I hope that you see why the goblin discount is so critical or else this is a completely useless guide for you. But, remember, there is more to it than this. There is also dealing with competition, and there is dealing with the size of your economy and there is managing to have a constant flow of materials so you can keep the items constantly up on the AH when one or two sell.
Before I go into that though, and I will go into some thorough easy to understand details, I want to get into some basics in Economics that not only work in the Real World, but absolutely apply in the dynamic economies of the server you play.
ESSENTIAL ECON 101 BASICS
Ok, these are things should be obvious but people sometimes just don’t spend the time to think about it. You would think that people would realize some basic realities in the economy, but I am always proven wrong day after day.
Understanding the SIZE of your economy and market is VERY important. Not long ago there was a guy I saw on the AH sell a crafted hunter chest (Dragonkiller’s Tunic I think) and I think he got some sucker hunter to pay like 13000g for it. He probably pocketed several thousand gold, went hysterical, and crafted, no joke, like 15 more of them and put them on the AH at the same time. I AM on a high pop server, but still, him dealing with competition, undercutting, and not a big enough market with enough people willing to drop that much gold on a single piece of gear(You can get the Tier piece for Valorous pts as another option to spending gold). Well, 2 months later and this guy STILL has at least 9 or 10 of these things and just now I saw him trying to sell them in the trade chat for 4k a piece, which is probably at a loss considering he crafted these a while ago when mats were very pricey. This guy is an example of someone who probably spent Real Dollars to buy Fake Game Gold, and ended up still losing in his investment because he didn’t understand basic economics. You MUST factor in a lot of things, and most importantly, the size of your economy.
Observing Your Economy Like a Real Investor Does
How do you do it? SIMPLE!!! I am going to introduce you to your best friend in the world of the Auction House and money making!
The Undermine Journal
Familiarize with that site, master its information, and bookmark it. It is one of the best, and imo, THE BEST data analyzing and auction house monitoring webpage out there. If you know of a better webpage, then please introduce me to it!
First things first, discover the history and trend of selling prices on YOUR server on this webpage. This will also help reveal the size of your economy. It reads back as far as two weeks of sales data.
THIS IS IMPORTANT TO UNDERSTAND:
This is a piece of the Undermine Journal that is quite useful in illustrating the basic rules of supply and demand in the economy I am about to describe. This scatter chart above has a dot for the average price of every single US server in WOW and what the Mechano-Hog is selling for on their server. It does, however, say nothing about quantity sold. As you can see, the economies get larger as the dots go to the right. They generally are correlated to the high population servers.
A common mistake a lot of people make is that they think that because they are a high-pop server there is bound to be more people to buy their stuff. While this kind of is true, people STILL will not buy if the price isn’t right. On the above chart I chose Area 52 because it is a HIGH POP server where the prices are high. I even personally have a toon on that server and I know there are a lot of rich people running around.
Now, let’s look at the mechano-hog’s sales history of the last two weeks on Area 52:
It’s not really that shocking really. Look at the seller here. It took 1 week to sell a mount at 16500g. Yup, another classic case of someone who comes in, sells a mount for 20k to some sucker with a lot of cash to burn and immediately thinks they can repeat it. Most likely Sadistra immediately posted a 2nd mount at 20k, and then as the week drew on the price fell to 16500g. So, currently, he puts another one up for 20k hoping for another lucky sell. Chances are, sales like that are once a month lucky, in my years of experience in doing this. And, what’s going to happen to Sadistra? He’ll probably keep dropping the price until it sells again. My guess is after a week of not selling he might even start dropping to 15k then 14k to get the buyers. But, as of right now… he is merely making 6500g a week, given the most likely situation. Think about this guys. If this is his main source of AH income, that’s only 1k a day. That’s really not all that impressive. ALSO, this guy possibly could have more buyers, but people look at the price and say, “NO WAY AM I DOING THAT!” And then, they are forced to do some research, find they can get a goblin friend of theirs to buy the stuff and end up getting it crafted instead of buying it from you, to which they probably wouldn’t have bothered if you had a lower not as shockingly stupid price to do the research.
Let’s take a look at another server:
Ok, so Illidan has a currently going market price of 14500g (as of 3/21/11). They are about equal standing as Area 52 above when it comes to server population and economy size, judging by the Auction House. Let’s see the difference between Illidan’s sale history vs Area 52’ sale history of the Hog even though both of these servers have a similar economy size and similar server population:
I know this is a large picture, but I wanted it to really illustrate the point. Look how many mounts sold in the last week, with an average price around 14000g (Remember, 14000g with AH cut would be a 3300g-3800g profit to you with your vendor discounts). I might’ve counted wrong, but I saw 16 mechano-hogs sold over the last week. That is MASSIVE potential for you, if you can get in there and be the one making the profit and the sales!
The best way I can sum this up is with a this graph below I just made that hopefully can illustrate this basic economic point I am making even further.
The world of economics basically works like this. And yes, there are always other factors, this just helps to put things in a relatively understandable way, based upon averages and so on. Go over the graph, try to understand it whilst thinking about the above servers’ histories I just showed you.
In a nutshell, all that this graph is saying is that as the price gets lower, more sell, and as the price gets higher, less sell. This is already pretty obvious right? Why would you need a graph? Well, the point is to find your spot of MAX profit. In other words, just because you can sell a mechano hog for 19k gold, doesn’t mean you should. This graph is actually pulled from another mid-range to high-pop server’s data. At 19k, you would sell about 1 p/week (in my experience, more like 1 per 2 weeks at that price, plus dealing with competition) making 9k or so in profit. But, for the graph’s sake, let’s go with 1 p/week. You drop the price to 15k, you might sell 3 p/week, making 15k in profit. Remember, these are just averages. So, even though you sold the price lower, you still made MORE profit because of quantity sold.
Now, look at it from the other end, what if I sold the mount for 11k. After AH cut, you wouldn’t, but let’s say you are making 1k gold per sale. At 11k gold a hog, you would sell on avg. 11 mounts a week, making 11k profit (prob be more like 9k honestly), thus you would actually be making LESS money profit compared to selling for 15k, not to mention that 11 mounts a week would be a titansteel supply nightmare! The whole point is to find the SWEET spot of your server, or as economists like to say, the point of equilibrium between the buyer and the seller, or the demander and the supplier. For this server, it seems like 13k to 13.5k is about the sweet spot. If you sell at 13k, you are making about 2.5k a sale in profit after AH cut (about 3k with using my mass ore farming/buying techniques I’ll show you later). And, you are selling on avg 6-7 mounts a week. Let’s say you sell a mount every day, so 7x2500g = 17500g in profit. If you are making 3k in profit off that sale like me, then you are getting 21000g in profit a week. Pretty nice, right? Again, YOU must determine the sweet spot of your server. Depending on the demand of it on your server and the population and the wealth of your server, it may be +/- 1000g or so. Some servers, like Illidan, 14000g sells very well. Other servers it might be 13000g, or 13.5k – Theunderminejournal really makes it easy to see when there are a lot of sellers, but if there are not, you may have to do a little of your own experimentation.
*Note: I am only giving data on the Mechano-Hog but the principles learned can be directly applied to your actions with the Vial of the Sands mount as well, and currently, with the high profit margin on Vial of the Sands, there is a lot of room to play. I personally would be happy settling with 5-6k profit on the Vial of the Sands mount if it meant they sold much more frequently!*
FINAL ECON LESSON – ELASTICITY OF DEMAND (EOD)
Ok, I hate to bore you with this stuff, but since we are here already, I think this is important to know. Basically, elasticity is an economics term that is generally given to describe the way a product behaves based upon price changes and people’s demand on the product after the price change. In other words, if a product gets MORE expensive and people stop buying it as much, it generally has a high elasticity because maybe they choose to spend their money elsewhere. But, there is much more inelasticity in products that are more of a necessity because, the buyer absolutely needs it. Think about it, someone is going to buy something no matter the cost if it will save their life. Think things like Insulin, or medical prescriptions, etc.. So, if the price goes up, people will buy it anyway, thus it is an inelastic product. This is one of the reasons why Monopolies are against the law in a free market.
Let’s look at these two mounts you are trying to sell. What if you are the ONLY supplier on your server and you have the market cornered? Do you think the mounts will be elastic or inelastic? If you said ELASTIC you are absolutely right! Why? This item is not a necessity, people don’t have to have it, and they don’t have to buy it no matter what the cost. As a luxury item, and somewhat vanity item in-game, with it still being one of the coolest mounts in-game (I have 123 mounts and this is still my favorite), people will wait until the price is right. Remember that, EOD of luxury items is generally very elastic. The ONLY exception to that is if you are a rich guy who doesn’t really care all that much about dropping 20k on a mount because you just bought 1 million gold off the Chinese farmers or something. The income effect CAN have a difference, but 99% of the market you are selling to is not that customer.
STEP 5 - MAINTAINING SUPPLY
Ok, now that you have learned some basics in economics, let’s talk about a very important aspect of your business, maintaining the flow of materials without the fear of prices shooting up because of low supply (people not really in Northrend farming anymore). This might seem miniscule, but I am telling you right now, properly handling the supply of mats for crafting and the raw materials will save you 10s of thousands of gold in the long run, and on top of that, since you will most likely be the only one on your server capable of handling the supply and demand of your market (at least for the hog), thus pushing out your competitors easier.
You MUST use the following addon: Market Watcher
This is a beautiful addon that will scan the items you are watching. Get familiar with it! (picture pulled from addon page at curse, so a little old).
Ok, so with this addon, you need to add EVERYTHING that is involved with your mats to this to watch. Add even the vendor mats, as sometimes people accidentally buys and sells super cheap, or maybe a hog part drops in Ulduar that someone doesn’t know what to do with and you get it very cheap. Make sure you also add frozen orb to the watch list as you can convert it into eternals which are needed for making titansteel. Saronite ore is ALSO important to add to the list as you will likely use a lot of saronite for transmutation to Titanium.
*WARNING* Backup your saved variables in your WTF folder for this addon. Why? For some odd reason Blizz auto deletes saved variables for addons that hit about 30MB worth of data, If that happens you will have to re-input all of your items to watch again, which is annoying, I have done it. Just copy your lua files and put em somewhere safe as this addon does it to me maybe once a month or so. I just copy them back when it clears the addon data.
*Note* Auctioneer is a decent addon as well to use for the AH too, though not for the same purpose. I personally don’t use Auctioneer because I feel it’s a resource hog that has little value to my method of making gold. It CAN be quite useful for what it does for other methods and I know people who have been using it for years who just can’t ever give it up. I am just saying that for my method, using the MarketWatcher addon is enough for what I need.
First things first, the mechano hog: Still follow the items with the Market Watcher addon on the AH. If you see Titansteel for 50g or cheaper, BUY IT UP. I personally easily find eternal shadows and earths on my server for 5-7g each. You need to constantly be buying these up cheap too. For some reason eternal fires still sell for like 15g+ on my server, so what I look for is Frozen Orbs. Since I can convert a frozen orb into an eternal fire at the vendor in front of the AH in Dalaran, I try to buy orbs up when I see them for 5-7g each(sometimes as high as 8 if supply has been limited as of late). Titanium ore I buy at 5g each or 100g a stack, thus netting me bars at 10g a bar. I also tend to get a lot of Arctic fur pretty cheap, usually 10-15g on my server each.
Titansteel = 3bars x10g + 3 eternals(15-20g) which = about 50g a titansteel bar.
You can also transmute saronite bars x7 into 1 titanium bar. This is ONLY ok to do if you can get saronite ore at 14g p/stack or less.
14g x 10 stacks = 140g for 200 ore = 100 saronite bars. Transmute 100 bars/7 = 14 titanium bars for 140g. Also, as a transmution master, you prob got some procs in there too, lowering the overall cost. Don’t go higher than 15g a stack max if you can.
Remember how I said earlier that if you were to sell 1 mount a day you would need, every week, 84 titansteel bars = 252 titanium bars = 504 titanium ore = 25 stacks of titanium ore. How can you possibly maintain this supply?
You have three options: Farm it yourself (Would be a huge time dump), Bot farm it yourself (could get account banned, but there are useful guides on this site on how to do it as safe as possible, though nothing is ever 100%), or you could just find a BULK supplier for what you need. When it comes to Northrend mats, I personally tend to rely on option number 3, finding a supplier, but you are welcome to do it anyway you feel comfortable with. Also, option number 3 saves me a TON of time, even though it cuts into a small amount of my profits.
STEP 6 OBTAINING A BULK SUPPLIER
It is EASY to notice who the bulk suppliers are just by using the Market Watcher addon. Seriously, 9/10 times the person that is putting up 50+ stacks of an ore or herb on the AH every day is not farming that themselves. Now, most likely, finding someone who is farming northrend ore is more rare. In fact, the only time you see bot farmers in northrend anymore are there lvling as they bot farm with the intentions of heading to Cata zones to bot farm. So, there are only temporary windows where you will find them, but I gurantee they will be anxious to find someone to unload their supplies to as there is low demand for things like saronite nowadays, which makes it MUCH easier to negotiate with them. I usually am finding maybe 1 or 2 farmers in northrend a month.
CONTACTING AND NEGOTIATING PRICE
You need to first have a price set in your head on what you will be willing to buy. The seller must not know this and you must not tell them. I personally will never buy for more than 14g a stack of saronite ore or 175g a stack for titanium ore from a bot farmer, since I am buying in bulk. Also, it is VERY IMPORTANT that you never brag about how rich you are to sellers as all they will be thinking is how you are a rich douchebag trying to cheap your way into their pockets. Just be honest and express your interests.
If you cannot find the farmer you see listing on the AH online atm, then add them to your friend’s list so you can see when they do log, and send them a message expressing interest in negotiating prices as you need a bulk supplier for the mats they are farming. Often they will be botting, so usually the best way to contact them is by mail first.
BE PROFESSIONAL
BE COURTEOUS
USE INTELLIGENT PROPER GRAMMAR
SAY THANKS FOR THEIR TIME AND ALWAYS PRAISE THEM FOR HELPING YOU
Also, don’t try to lowball them too much, they WILL get offended. If you offer them something like 10g p/stack, they might cut back and say—HEY, 1 stack of saronite bars sells to a vendor for 25g… They WILL get offended and not want to work with you because they will think you are short changing them, of which you would be kind of taking advantage of them.
Trust me, most likely they will want to sell you at the exact price of the AH or just 1-2g under the AH price. This is not acceptable as you will be doing them a huge favor. But, 14-15g a stack is not unreasonable, and even though my server’s avg for saronite ore on the AH is 20g a stack, this is VERY fair. So, this is how I explain it to them.
First, I offer them say 13g a stack, knowing full well I won’t get that price. Then, they will try to say that that’s too low, it’s expected (although I did have 1 guy agree on that price right away). I easily counter back by saying something along the lines of the following:
<NEGOTIATION EXAMPLE DIALOGUE>
“Look, since I am literally buying in Bulk hopefully 100s of stacks of ore over the time you are farming it, this is actually pretty fair. First of all, the AH takes a 5% cut, which is about 1g off a stack anyway you will never see. Also, I am buying ore off of you that is no longer really in huge demand and it will take you a VERY long time to sell on the AH. Think of all those lost deposits. Remember, you put up 20 saronite bars on the AH and the deposit is 7g for 48hrs, and with low demand it often doesn’t sell. What I am offering you is a way to skip the auction house, to skip dealing with lost deposits, undercutters, and endless bags filled with this ore for the weeks to come. So, it’s not really worth it for me unless I can get saronite cheap, as I am just using it to make titanium bars.”
This is where I say “ok, if you can sell me for 14g a stack, that’s 168g for a full letter of them in the mail, I’ll do it. Just COD them.” I would say this almost always works. I have had a couple guys refuse… BUT, and this is the best part, within a few days, I’ll login and find those guys that originally rejected me with dozens, or even hundreds of stacks of ore COD’d to me in my mail. Most likely because they realized that I was right and technically it is a Win-Win for both of us. Still, be COURTEOUS and GREATFUL. Don’t be like “Haha, I told you so.” Be mature and always thankful, and leave their initial rejections in the past. Again, you don’t want to spoil this relationship as it is likely temporary.
My last Northrend Bot supplier managed to get me over 700 stacks of saronite ore and about 80 stacks of titanium ore. This got me approximately 7000 saronite bars of smelting (Yes it DOES take a while to smelt it all, about 15 min for 500 bars, so I would do it when you are busy doing RL stuff around the house or watching TV when you can check on it every 15 min or so. Fortunately you ONLY have to do something like this once per month or so. 7000 bars = 1000 transmuted Titanium bars, which overall landed me about 1200 titanium bars. This netted me about 400 titansteels (using up a lot of eternals too). 400/12 = 33 mounts. In other words, as long as you find at least 1 supplier every month to month in a half, you are fine. Just keep your eyes open and look for em, you will find em. Advertise in trade chat whilst you are scanning the Ah for 30 sec with the addon, you might get a bite.
STEP 7 - VIAL OF THE SANDS
I am not going to spend much time on this as it is not as crazy for trying to find mats as the Mechano Hog is, but there is such a HUGE potential for gold. Also, remember, even though it is fresh and new, it is STILL a very high price item, so it will be a tougher sell, as a much smaller portion of the economy is willing to give up so much gold just for a mount. With the inflated market of Cataclysm, the Mechano-Hog feels much cheaper and is still a very cool mount. What you need to do is start subtly spreading the word on your server of how cool Vial of the Sands Stonedrake is.
While you are in a city, make yourself up a macro that is something like the following:
/2 WTS Vial of the Sands! Not only is this mount a two passenger flyer, but you are actually transformed into a Dragon and your passenger rides you! 35k. PST
That is not really exactly what I say, but put your own words and inflection into it, explain you TRANSFORM into a dragon. This will make the mount seem that much cooler. The whole goal is to start planting seeds in people’s minds now about how cool the mount is because as of right now, when I am on my Stonedrake, I get whispers all the time in the city with people asking me, “How are you a dragon?” It’s unique and it’s cool… this will pay off in the short time in the future if you do this consistently and spread the word.
TRUGOLD SUPPLIES
The other mats are easy to get, just 16 flasks, 8 Deepstone oil, the vendor mats that you will get your MASSIVE discounts on, and the expensive part, Trugold.
If you sell a mount at least once every other day, that’s a LOT of trugold, and even as a transmute Alchemist, it would force you to find mats in the AH right? WRONG!!! What you need to be doing is finding transmute Alchemists to do this work for you. I offer people 100g to craft and 100g a proc. This is a HUGE money saver. Funny thing is prices are going down and I often find people selling for 50g each. This makes it so I literally am just spending 1100g(1 is your own alch) or less on the 12xtrugold needed for Vial of the Sands, 4800g cheaper than the avg. 500g each price of the current AH. I find the VERY best time to hit the trade for Alchemists is right at midnight when their timers reset. I’ll immediately say “/2 LF Xmute Alch for Trugold, 100g and 100g p/proc” (This is currently going down in price too I believe). Of course, don’t forget your own xmute.
But wait, what about the mats to make the trugold? I need pyrium bars and 10x of 3 different Volatiles: Air, Water and Earth. It’s simple, go to Uldum and farm them yourself. You COULD sacrifice some of your profits, but you could also spend a very little amount of time farming, and since you have engineering coupled with mining, it you will get the necessary volatiles you need. The only exception is you need to go buy Volatile Waters, but those are super cheap as is, and they often sell in my AH for 5g each.
Here is a fantastic route to follow for herbing/mining in Uldum:
(Courtesy of warcraftzillionaire.blogspot.com)
On this note, I would like to point out that I actually personally use the Sgather bot found on THIS PAGE, but I strongly warn you that any botting CAN potentially get your account banned, so use at your own risk. It’s never happened to me, but I am not an idiot when I use it. ALSO, I never use the bot unless I am present. So, basically, when I am watching a movie on my PC, or maybe I’ll be doing some homework, I have the bot running. I turn the volume up to so I can hear a nice noise when someone sends me a whisper (WIM addon bangs some drums for me) if I leave the room to go make food or something, or go out to watch some TV. It doesn’t take long to fill those bags with the bot running. I am just too lazy to farm manually. And yes, the bot does now cost money to use... quite cheap though.
If you DO need profiles for Uldum and such, use THIS FORUM HERE to find some good already made profiles. Please, I have put none of the work into the bot or the profiles that I am using but I always give proper rep to those who have made them. I am merely linking to their profiles so I hope that you also will properly give the creators the rep they deserve, not me, if you so choose to go that route.
LISTING THE VIAL OF THE SANDS!
Ok, I often see on the AH prices upwards of 38-43k on my server, but they rarely sell. Let’s look at the profit margin here again remembering back to our economics laws I showed you earlier.
MATS w/discount = 20300g
Trugold = 5000g or less in value
Flasks+Deepstone oil = 1600g roughly (price is dropping constantly)
Total:26900g in costs (or factoring the value of your mats that you possible farmed too in). That's about 5k in profit when sold for about 33k... Huge profit when coupled with Mechano-Hog sales.
So, WHY get stuck trying to sell a mount for 40k once every 5 days or so? Yes, that’s pretty massive profits right? Well, I immediately dropped the price down to 33k myself on my server, and as of right now I am selling about a mount every other day. After the 5% AH cut, I get back about 31,350g in my mailbox, which is approximately 5k gold per day in profit, though technically more if you are factoring the profit you made on the mats you farmed as well. Let's keep it simple and say 5k. If it comes down to it, and I end up having to lower prices over the next several months to where I am only making 3-4k in a profit a sale, I think I can live with that. Right now it’s a hot item, so it’s selling well at 33k. And, because of the high costs involved, the necessity to be a goblin to compete in this market, there is not much competition, which brings me to the end of this guide.
FINAL STEP - COMPETITION
First off, let me mention that if you stick to my above said plans on the Mechano-hog, competition is NOT going to be a problem at all. Even if you find another goblin seller like you trying to compete, he will not be able to keep up with your constant supply and will fall out of the market or just find it not worth it to compete.
Ok, so you just listed that Hog at 14000g (13999g is always good) and some noob just came and undercut you. Well, see if that person is online, and if they are, they will probably undercut you again soon, so be aware. Just cancel your auction (deposit is only like 75s for 2 days) and relist under them. Some people will relist under another person by 1c or 10s or something miniscule. Be careful with this, as if you undercut someone like that you will often find buyers buying their item 1c more expensive than yours anyway out of spite for people like you. I always list 100-200g cheaper to avoid that. So, I relist at 13800g. If I get undercut again I turn to more brutal tactics. I immediately drop the price to like 12000g and put 2 months on the AH. Even with their goblin discount, they probably did not acquire the other mats as cheap as you did, thus destroying any potential profit, and YOU will still be gaining close to 2k on each of those bikes if they sell. Yes, it kills some profit, but more importantly, it kills the competition. AND, even if he immediately drops the price to 11k or something, let his bike sell before yours, and you will notice that he is not immediately going out of the way to craft a new bike. He most likely has already decided that it is not worth it. Thus, you cancel your auctions and relist at your economies sweet spot, as we discussed before. And, you now are a competitor short.
I have done this with many corners of the market I have controlled in the past. And, as long as I am the one in control of the prices a majority of the team, it is worth it to lower prices to push out competition. You can do this in the game (though in the Real World there are some protections against companies from doing such actions).
Now, here comes Vial of the Sands. You list it and you get undercut. Just apply the same techniques as I said before. You just need to push your competition out of the market to the point that they don’t really see it as being worth it. I would also like to point out that I generally list the Vial of the Sands for only 24 hrs, since it’s a 7g deposit, much more than the Hog. Also, since my main is a rather well known toon on my server, I don’t want some of my competition to completely hate me, so I tend to post on my bank alt most of my stuff. Though, I even occasionally mix it up with other toons I have to make it seem like there is more competition than there really is. I’ve even undercut myself by 1s before and had someone buy my mount that was getting undercut because some buyer probably thought they were screwing my other toon over for being a douchebag undercutter. I lawl’d all the way to the bank on that one.
CONCLUSION
Alright, I know this was incredibly long and probably a little dry and boring in places but I applaud you for getting this far. If you have made it this far you've probably already absorbed much of the information, causing that brain of yours to tick with ideas. This is merely a simple method I am using to make gold, and I usually do all of crafting, xmuting, and Auction Housing in 30 minutes or less a day. Once a month or so I do spend some time smelting and transmuting titanium, but overall I am a pretty laid back player and really am making a vast fortune doing practically nothing, just using some common business sense. Most importantly, if there is anything I hope you guys take out of this, is a better understanding of how market on your servers really works, and how you can actually quite easily make some gold in it. There are tons of things you can do. There is a TON of gold in inscription, a TON of gold in prospecting ore and doing the Cata ore shuffle, or cutting gems. There are many opportunities out there. In the past I’ve done em all. Now, I choose the easy path. What best suits your personality? That’s what you need to decide. GOOD LUCK in selling your mounts and finding your server's sweet spot.
PRO TIPS CORNER
- Use the addon called “Quartz,” and you can find it HERE -- This addon is a great timer addon, but I personally love it because it gives you crafting times for when I do a lot of smelting . If I am smelting 527 saronite bars, it will give me the exact timer bar of when it will be complete.
- “People don’t get rich by spending.” Or in other words, spending money on things that won’t get them rich. STOP SPENDING and you will stop being broke.
- You don’t get rich overnight, be patient and it will come. When you hit your first 100k you’ll be shocked you have that much and feel tempted to tell people. ALWAYS BE HUMBLE, and don’t brag about how much you have. Don’t be afraid to lie and say I only have 20k or something. If your friends and guildies think you are super rich, get ready for the beggers and guilt trippers asking for help. It is MY personal policy to never help anyone with gold except secretly help RL friends or family only. 9/10 times in the past, even for small amounts, people have a tough time paying back. I have made an exception to a guy I have been friends with in WOW for 4 years now who just sucks at getting gold, but that's really it.
- Try to sell in the trade channels every chance you are in a capitol city. Setup macros to make it easier. Remember, if you successfully sell to someone through trade, there is no 5% AH cut. I am hardly in town anymore, but when I am checking up on the Auction House or any other thing drags me to Org, I hit my macros. I have had some luck.
GREAT GOLD MAKING BLOGS FOR WOW
Player VS Auction House
Bangkok Bill's World of Goldcraft
Altos Goldish Advice
Foo's WoW Musings