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Bob you sound like my old econ prof from grad school ... "The market price is found where the short run industry supply curve intersects the market demand curve"Quote:
Originally Posted by BobGnarly
I think you're right though. A nice mix of alch / JC / DE / dailies produces a comfortable income for minimal time invested :)
I have this horrible feeling that when the next xpac comes out we all better have 6 figure bank accounts cause inflation is gonna be through the roof (again).
I hear you - I just hit Exalted with Ebon Blade on my Pally, and I'm sick to the teeth of Icecrown dailies, but they're the only game in town. I'm going to work on Wyrmcrest to practice working 5 drakes at once, just to break up the monotony.Quote:
Originally Posted by Meshuggenah
If you have trouble selling stuff on one side fx. alliance, make an horde alt and try the horde AH instead. You would be surprised how the prices differ on the two sides.
Guess it really depends on the server. I do the JC daily on 8 guys a day, 3 of them i turn into nightmare tears and 5 i sell as plain ol' dragon's eye. Nets me around 900-1000 a day during the week and closer to 1350 on weekends.Quote:
Originally Posted by BobGnarly
Never fails to sell and keeps me spending on alts and silly stuff
Killing doomwalker in SMV nets you some good gold too. 500g for a 4-7min fight.
Hrm, any other relatively easy NPC's that yield gold/drops like Doomwalker?
One of the wow gold guides I found on the net suggested having as many trade skills near max as possible between your alts.
With a team, we can basically have just about all the trade skills we care about online at once.
The general principle is purchasing materials, at a cost but in relative bulk, is more profit per hour then farming the materials and making much more per piece but less per hour.
Take a look at each of your professions. See what the common materials necessary for recipes are. Get a feel for average prices for these mats.
Then turn around and look at the average price for what you can produce.
A lot of things won't be profitable, but some will and others will be marginal.
Decide on what price you can buy mats, which would allow you to list items at a profit.
Anytime you see these mats at or below your target price, just buy them and produce whatever.
In general the mats are worth more then having 10x something in the bank.
Use Appraiser to list no more then 1-2 of a crafted item at once.
You can restock your mule periodically, and just Batch Post with them.
And know they won't list more then what you have set.
When a resource gatherer lists something on the AH, they lose the list fee if the item doesn't sell.
And, not everything sells the first or second time.
In addition, they lose 5% of the sale price, even for something like enchanting mats.
Selling directly to a buyer cuts out the 5% loss and the listing fees.
You can send an in-game mail to any seller who bulk lists your mats.
Offer to buy from them for "x" price, which is low enough to be profitable for you.
Some will take a sure thing bulk sale, as much as they can farm, over the randomness of the AH.
You can also create a few macro's, where you advertise something like:
/trade Buying stacks of <material> for <price>, CoD to <toon>.
If you want, advertise different mats by different toons, so the resources go to the right toon.
In effect, you are setting up the equivalent of a production line.
Theres also another strategy which I tried with Light Leather.
Buying up all stacks on the marked, and slowly sell it off at a average price.
I don't remember the excact prices, but lets say the average and fair price was 10g.
When someone underbid me, I purchased it immediately. I ended up with alot of light leather in my bank lol, but I earned a lot of gc on it aswell.
Also, look out for seriously underpriced epic, rare blues, twink gear etc. You can really make a good profit there.
To be able to control a marked you need to a. have some start gc. b. be active on the ah and c. pick a product which is used alot.
What I expirenced was, that sometimes I diden't sell alot of light leather, but then suddently all my 30+ stacks got bought within a couple of hours earning me a good profit. I also placed a couple of stack on AH for 50% overpriced, so if someone bough all the average priced leather I still had some expensive to offer.
Got tired of the drill though and spend my time lvl my toons instead :D
Yeah I've become totally addicted to the Auction House, the WoW Economy and all that jazz. I am slowly putting every profession on all my characters so I can cover everything come Cataclysm and be very diverse in my markets on the AH so that if something is failing another market props it up for awhile.
All of that can be done on single toons though so to contribute to my own thread that shouldn't talk about DAILIES (bad bad posters!) here are a few things I've taken that have worked well:
*Run ToC normal where you skip the RP (need to clear it once with RP). Thanks to Abyssal Shatter you earn alot of Abyss Shards, Greater Cosmic and Infinite Dust this way. Pretty boring and can be annoying though - this will be alot more fun once we have the 3 new Icecrown 5 man content instead of stupid mounted combat.
*Honor/Badges --> Epic Gems. Spend all your honor on red/orange/blue gems and all your badges on green/yellow/purple gems. This is because some of the colors are 20 badges and some are 10, where as every gem is 10k honor. :) You can do Wintergrasp and all its quests once a week and also turn in Stone Keeprs Shards (x30) for 2k honor.
Nothing like sending your JC 37 epic gems and then listed them all up on the AH and collecting 6k out of the mailbox. :)