Tips for making gold (season oriented)

[Fuzzyboy]

Just a few more or less known gold-tips I thought I'd share. If you know of others, please append to the thread :-)

1) Prior to content patches, prices of enchanting mats and raw gems are low, right after, they skyrocket, because new gear that needs enchanting and gemming gets introduced. Tip: Buy and stock up on gems and enchanting mats a few weeks before patch hits.

2) Tip 1 goes for pvp season change as well

3) Sell potions. enchants, gems and enchanting mats during the week instead of during the weekend. Items tend to sell for a lot more during the week.

4) In game events: Find out what items are sought after and farm them - if possible in advance.

5) After an expansion hits: Until a month or two into a new expansion, BoE drops, dusts and shards sell for a lot of money. Sell it as soon as possible and do dungeon runs instead of dailes until the goldwell is dry :-)

[Nitro]

I decided to go the inscription route for making gold. I farmed up alot of gold with my multiboxing crew to get me some nice starting capitol and then i did this:

1. Max out inscription
2. Do your minor and northrend inscription craft every day until you have every single glyph
3. Make 3 alts to sell your glyphs and give them the best inscription bags in each bag slot (gives you a crazy amount of bag space)
4. Craft 20 of EVERY glyph and spread these across your 3 alts
5. Use Quick Auctions 2 to auto post all those glyphs for you and undercut the competion automatically, use a fallback price of 60 gold or so if not are on the AH. Hit the Cancel button to auto cancel all the autions you have been undercut on so you can report those.

Doing this I pull in anywhere from 500g to 3000g a day. This will depend on your servers competition and how often you feel like Cancel/Posting each day.

Take it a step further and use skillet to autocraft all the glyphs you are short on.

Once you get rolling with a good system it is VERY minimal time per day to make alot of gold. When you are posting every glyph in existance you will be amazed at how many you actually do sell at 60 gold each (awsome considering the cost per glyph to make is next to nothing).

[Ogloo]

the glyphs sell that much?

[Nitro]

Yup, the gold just rolls in every day.

[Ualaa]

I tried glyph sales, and they were not a consistent money maker on my server.
At some points, on a weekend you'll find only one copy of a glyph on the AH, and a price of 40g for it.
I'm not sure if this is a glyph seller or just a buy-low, sell-high person who noticed no competition for the glyph.

But 95% of the time, glyphs are undercut and re-undercut and will generally sell for under 1g each.
Even the new ones from the inscription books rarely have much more then 5g as the lowest price.
Selling the herbs for those glyphs is a lot more gold.

[Nitro]

I tried glyph sales, and they were not a consistent money maker on my server.
At some points, on a weekend you'll find only one copy of a glyph on the AH, and a price of 40g for it.
I'm not sure if this is a glyph seller or just a buy-low, sell-high person who noticed no competition for the glyph.

But 95% of the time, glyphs are undercut and re-undercut and will generally sell for under 1g each.
Even the new ones from the inscription books rarely have much more then 5g as the lowest price.
Selling the herbs for those glyphs is a lot more gold.

Did you cover every glyph on the market?

[Whowantstoknow]

Yeah since the guide on MMO-Champ everyone on my server joined the Glyph bandwagon. Really killed the market. I still make some gold but nowhere near as much as before.

[Lyonheart]

The most fun way I have found to make money is to PvP in WG and AV and buy epic gems with honor. I cap honor every week, sometimes more. I would say about 100k honor a week. thats 10 gems x7 ( i 7 box when i PvP ) I sell them for an average of 200 each ( cut>>bold..runed and delicate cardinal rubies )

[accretion]

Honestly, xmutes alone could keep most 5-boxers in the money to the tune of 1-2K/day. I currently have 6 Alchemists (6-8 epic gems/day), 2 Miners (Titansteel) and 2 Tailors (Moonshroud/Spellweave/Ebonweave). Toss in 4 Jewelcrafters spending 15 mins on the daily which adds gold and Dragon's Eyes, and that's an easy way to keep a steady income.

Skilling up is a bit of a pain, but well worth it after the second or third week of watching your net worth grow steadily. Most of the professions can either be bought or farmed without too much trouble, especially Tailoring. No excuse to not have at least a few Tailors doing a bunch of xmutes.

[Ualaa]

If you start with something or get into it early, you have the potential for pretty massive profits.
However, over time, others move into the market and compete which drives prices down.

For six months or so, I was doing Arbitrage on my server.

I made an excel spreadsheet of most items in the game and what they could disenchant into.
If the range for a given item level armor was 80% chance of 2-7 dust, my formula was (2+7)/2 * 0.80 * 0.95. But almost everything had a dust, shard and essence chance on DE.

Then I would scan the AH for a 10 level spread of gear.
Mainly interested in green armors for one scan and green weapons for another.
For a month or so, you could buy blue armors and DE for a profit too.

My auction mule was up to 22,000+ items disenchanted when I got out of that market.

Initially, dust would average 4g each, selling singles.
And I could easily sell an average of 500 dust per day.
It was an awful lot of time wasted for DE's, but that's what DVD's are for.

However, with competition, the price for a dust is now less then the cost to buy the greens.
I cannot make a profit. Too many idiots driving the price down.