Sunday, June 24, 2007

Whew!

What a day! 8 posts! I hope I can keep this momentum up. I'm enjoying writing the guides and tips, so far.

Hey, if you're reading this, I hope you enjoy the information! I'm trying to cover enough information in this site for it to be sort of a one-stop-shop for money issues and money-making guides in WoW. Comment me or email me if you've got suggestions or criticism!

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Take Advantage of Laziness

If you think about it, the driving force behind any economy is LAZINESS. People don't want to take the time (or can't, in most cases) to do themselves what they can pay others to do. We don't cut down trees and make our beds, we buy them. We don't forge our cooking knives, we buy them.

The same holds true to World of Warcraft. An non-mining character won't drop their professions and respec to mining in order to get ore. They'll let someone else do it, and buy it from them. This is, of course, what makes the Auction House so darn useful. It's "conservation of labor" if you will: The same amount of work gets done (the mining of the minerals), it's just shifted to someone else. (Kind of like the law of conservation of energy, I know!)

But it doesn't stop there. It's possible to capitalize on that laziness without even putting in any significant effort. In this case, it's taking advantage of a combination of laziness and ignorance. Hey, you gotta do what you gotta.

There are tons of vendors throughout the world who sell limited quantity items. You can tell by the little number in the corner of the box displaying the picture - that means there are only "x" of them left available. Usually, there are only 1 or 2, and when they're gone, they're gone until the vendor restocks them. So what do we have?

  • Items that aren't in high supply.
  • Items that many people don't even know come from vendors.
  • Items you can buy for a very small amount, and sell for very good profit on the Auction House.
Since most players won't be willing to go around and search for these limited-quantity items, they'll instead buy them when they pop up on the Auction House!

Small Pets
At one time, the pets that came from vendors were in vogue. When WoW was shiny and new, everyone had them, and there was money to be made by buying them from vendors and reselling them in the Auction House. Now, most WoW players are too hardened to care about these useless pets. Not much profit to be made here anymore. However, if you should happen to find a Whelpling (Dark, Emerald, or Crimson), you can sell them for up to 100 gold. Be warned, they have a low drop rate. In my opinion, they too inconsistent to be worth farming.

Profession Recipes, Patterns, and Schematics
That leaves us with crafting patterns, cooking recipes, and various green items. Almost all characters have a crafting recipe of some sort and cooking. That means that any recipes or patterns will be appealing to a very broad audience. The best part is, unless someone knows these come from a vendor, odds are they've never seen a lot of them, which will increase the odds that they'll buy, because they'll assume it's hard to get! If you click the links, they will send you to the corresponding thottbot page, where you can see the name and zone for the vendor selling the item.


Cooking Recipes
Cooking recipes sell very well on the Auction House. Because everyone can learn cooking, it's very useful, and just plain fun, recipes tend to be in high demand, especially ones essential to continue to raise your skill.

Recipe: Baked Salmon Cooking (275)
Recipe: Bat Bites Cooking (50)
Recipe: Blackened Basilisk Cooking (315)
Recipe: Blackened Sporefish Cooking (310)
Recipe: Blackened Trout Cooking (300)
Recipe: Brilliant Smallfish Cooking (1)
Recipe: Bristle Whisker Catfish Cooking (100)
Recipe: Carrion Surprise Cooking (175)
Recipe: Clam Bar Cooking (300)
Recipe: Clam Chowder Cooking (90
Recipe: Cooked Glossy Mightfish Cooking (225)
Recipe: Crispy Bat Wing Cooking (1)
Recipe: Crispy Lizard Tail Cooking (100)
Recipe: Dragonbreath Chili Cooking (200)
Recipe: Egg Nog Cooking (35)
Recipe: Feltail Delight Cooking (300
Recipe: Filet of Redgill Cooking (225
Recipe: Fillet of Frenzy Cooking (50)
Recipe: Giant Clam Scorcho Cooking (175)
Recipe: Gingerbread Cookie Cooking (1)
Recipe: Golden Fish Sticks Cooking (325)
Recipe: Grilled Mudfish Cooking (320)
Recipe: Grilled Squid Cooking (240)
Recipe: Heavy Crocolisk Stew Cooking (150)
Recipe: Heavy Kodo Stew Cooking (200)
Recipe: Hot Smoked Bass Cooking (240)
Recipe: Hot Wolf Ribs Cooking (175)
Recipe: Jungle Stew Cooking (175)
Recipe: Lean Venison Cooking (110)
Recipe: Lean Wolf Steak Cooking (125)
Recipe: Lobster Stew Cooking (275)
Recipe: Loch Frenzy Delight Cooking (50)
Recipe: Longjaw Mud Snapper Cooking (50)
Recipe: Mightfish Steak Cooking (275)
Recipe: Mithril Head Trout Cooking (175)
Recipe: Monster Omelet Cooking (225)
Recipe: Mystery Stew Cooking (175)
Recipe: Nightfin Soup Cooking (250)
Recipe: Poached Bluefish Cooking (320)
Recipe: Poached Sunscale Salmon Cooking (250)
Recipe: Ravager Dog Cooking (300)
Recipe: Roast Raptor Cooking (175)
Recipe: Feltail DelightCooking (300)

Alchemy
Potions can make or break an instance raid. There are potions to give mages more power, warriors more health and defense, rogues more agility, and of course, health and mana potions, which are essential to everyone. There are still many useful and powerful recipes from vendors, and most sell well to other players.

Recipe: Fire Protection Potion Alchemy (165)
Recipe: Free Action Potion Alchemy (150)
Recipe: Frost Oil Alchemy (200)
Recipe: Frost Protection Potion Alchemy (190)
Recipe: Ghost Dye Alchemy (245)
Recipe: Holy Protection Potion Alchemy (100)
Recipe: Philosopher's Stone Alchemy (225)
Recipe: Great Rage Potion Alchemy (175), Warrior
Recipe: Major Healing Potion Alchemy (275)
Recipe: Major Dreamless Sleep Potion Alchemy (350)
Recipe: Elixir of Camouflage Alchemy (305)
Recipe: Elixir of Major Defense Alchemy (345)
Recipe: Elixir of Shadow Power Alchemy (250)
Recipe: Elixir of Superior Defense Alchemy (265)
Recipe: Nature Protection Potion Alchemy (190)
Recipe: Elixir of Major Frost Power Alchemy (320)
Recipe: Elixir of Shadow Power Alchemy (250)
Recipe: Elixir of Superior Defense Alchemy (265)
Recipe: Rage Potion Alchemy (60), Warrior

Tailoring


Pattern: Admiral's Hat
Tailoring (240)
Pattern: Azure Silk Cloak Tailoring (175)
Pattern: Azure Silk Gloves Tailoring (145)
Pattern: Black Swashbuckler's Shirt Tailoring (200)
Pattern: Blue Linen Robe Tailoring (70)
Pattern: Blue Overalls Tailoring (100)
Pattern: Bolt of Imbued Netherweave Tailoring (325)
Pattern: Bolt of Soulcloth Tailoring (345)
Pattern: Bright Yellow Shirt Tailoring (135)
Pattern: Crimson Silk Cloak Tailoring (180)
Pattern: Crimson Silk Robe Tailoring (205)
Pattern: Enchanted Mageweave Pouch Tailoring (225)
Pattern: Enchanted Runecloth Bag Tailoring (275)
Pattern: Enchanter's Cowl Tailoring (165)

Leatherworking

Pattern: Barbaric Bracers Leatherworking (155)
Pattern: Barbaric Leggings Leatherworking (170)
Pattern: Black Dragonscale Breastplate Leatherworking (290)
Pattern: Black Whelp Cloak Leatherworking (100)
Pattern: Black Whelp Tunic Leatherworking (100)
Pattern: Chimeric Gloves Leatherworking (265)
Pattern: Comfortable Insoles Leatherworking (300)
Pattern: Deviate Scale Cloak Leatherworking (90)
Pattern: Deviate Scale Gloves Leatherworking (105)
Pattern: Devilsaur Gauntlets Leatherworking (290)
Pattern: Earthen Leather Shoulders Leatherworking (135)

Engineering

Schematic: Accurate Scope Engineering (180)
Schematic: Adamantite Rifle Engineering (350)
Schematic: Adamantite Scope Engineering (335)
Schematic: Adamantite Shells Engineering (335)
Schematic: Blue Firework Engineering (150)
Schematic: Cogspinner Goggles Engineering (340)
Schematic: Deadly Scope Engineering (210)
Schematic: Deepdive Helmet Engineering (230)
Schematic: Delicate Arcanite Converter
Engineering (285)
Schematic: EZ-Thro Dynamite II Engineering (200)
Schematic: Fel Iron Toolbox Engineering (325)
Schematic: Fel Iron Toolbox Engineering (325)
Schematic: Fused Wiring Engineering (275)
Schematic: Green Firework Engineering (150)
Schematic: Gyrofreeze Ice Reflector Engineering (260)
Schematic: Ice Deflector Engineering (155)
Schematic: Lovingly Crafted Boomstick Engineering (120)
Schematic: Masterwork Target Dummy Engineering (275)
Schematic: Mechanical Dragonling Engineering (200)
Schematic: Minor Recombobulator Engineering (140)
Schematic: Mithril Mechanical Dragonling Engineering (250)
Schematic: Red Firework Engineering (150)
Schematic: Snake Burst Firework Engineering (250)
Schematic: Thorium Grenade Engineering (260)
Schematic: Thorium Tube Engineering (275)
Schematic: Thorium Widget Engineering (260)
Schematic: Truesilver Transformer Engineering (260)
Schematic: Ultra-Spectropic Detection Goggles Engineering (350)
Schematic: White Smoke Flare Engineering (335)
Schematic: Gnomish Universal Remote Engineering (125)
Schematic: Goblin Jumper Cables Engineering (165)

continued in next post down.

Take Advantage of Laziness 2

Blacksmithing

Plans: Adamantite Breastplate Blacksmithing (340)
Plans: Adamantite Cleaver Blacksmithing (330)
Plans: Adamantite Dagger Blacksmithing (330)
Plans: Adamantite Maul Blacksmithing (325)
Plans: Adamantite Plate Bracers Blacksmithing (335)
Plans: Adamantite Plate Gloves Blacksmithing (335)
Plans: Adamantite Rapier Blacksmithing (335)
Plans: Adamantite Rod Blacksmithing (350)
Plans: Eternium Rod Blacksmithing (375)
Plans: Golden Scale Coif Blacksmithing (190)
Plans: Hardened Iron Shortsword Blacksmithing (160)
Plans: Lesser Rune of Shielding Blacksmithing (340)
Plans: Massive Iron Axe Blacksmithing (185)
Plans: Mithril Scale Bracers Blacksmithing (215)
Plans: Moonsteel Broadsword Blacksmithing (180)
Plans: Solid Iron Maul Blacksmithing (155)
Plans: Storm Gauntlets Blacksmithing (295)

Enchanting

Formula: Enchant 2H Weapon - Lesser Intellect Enchanting (100)
Formula: Enchant Boots - Minor Agility Enchanting (125)
Formula: Enchant Bracer - Deflection Enchanting (235)
Formula: Enchant Bracer - Lesser Deflection Enchanting (170)
Formula: Enchant Bracer - Lesser Strength Enchanting (140)
Formula: Enchant Shield - Intellect Enchanting (325)
Formula: Enchant Shield - Major Stamina Enchanting (325)
Formula: Lesser Mana Oil Enchanting (250)
Formula: Lesser Wizard Oil Enchanting (200)
Formula: Minor Mana Oil Enchanting (150)
Formula: Runed Adamantite Rod Enchanting (350)
Formula: Runed Arcanite Rod Enchanting (290)
Formula: Runed Eternium Rod Enchanting (375)
Formula: Superior Mana Oil Enchanting (310)
Formula: Superior Wizard Oil Enchanting (340)
Formula: Wizard Oil Enchanting (275)
Formula: Enchant Chest - Minor Mana Enchanting (20)
Formula: Enchant Cloak - Minor Agility Enchanting (110)

Jewelcrafting

Design: Amulet of the Moon Jewelcrafting (110)
Design: Black Pearl Panther Jewelcrafting (215)
Design: Blazing Citrine Ring Jewelcrafting (150)
Design: Bold Blood Garnet Jewelcrafting (305)
Design: Bright Blood Garnet Jewelcrafting (305)
Design: Brilliant Golden Draenite ewelcrafting (300)
Design: Emerald Crown of Destruction Jewelcrafting (275)
Design: Glinting Flame Spessarite Jewelcrafting (315)
Design: Glowing Shadow Draenite Jewelcrafting (300)
Design: Heavy Golden Necklace of Battle Jewelcrafting (150)
Design: Heavy Iron Knuckles Jewelcrafting (125)
Design: Inscribed Flame Spessarite Jewelcrafting (300)
Design: Jagged Deep Peridot Jewelcrafting (305)
Design: Necklace of the Diamond Tower Jewelcrafting (305)
Design: Opal Necklace of Impact Jewelcrafting (250)
Design: Pendant of the Agate Shield Jewelcrafting (120)
Design: Rigid Golden Draenite Jewelcrafting (325)
Design: Ring of Bitter ShadowsJewelcrafting (285)
Design: Smooth Golden Draenite Jewelcrafting (325)
Design: Solid Azure Moonstone Jewelcrafting (300)
Design: Sovereign Shadow Draenite Jewelcrafting (325)
Design: Sparkling Azure Moonstone Jewelcrafting (305)
Design: Wicked Moonstone Ring Jewelcrafting (125)

Understanding the Auction House

The World of Warcraft Auction House is kind of like an entire game within the game. It's a system that is simple on the surface, but wonderfully complex with a little digging. Here are some tips to keep in mind when using the Auction House, to maximize gold earned.

Buy on the weekends, sell on the weekends. Weekends are the biggest time to play for most people. That means more people on the Auction House. Weekends are also the most common time to raid hard instances, so if you're trying to sell something needed for the instance (protection potions, for example), the weekends is the most likely time for them to get snatched up!

If you're saving money, you don't need to buy from the Auction House. You can keep yourself relatively well geared through quests alone, with a few purchases here and there. Be frugal! Those little bits add up.

Always set the auction to 24 hours. Anything shorter will only lower your deposit by a few silver, but will cut the time people have to buy it dramatically.

Always post a buyout that is slightly above your minimum bid, and slightly below the competition (Auctioneer can do this for you, and much more!). 90% of people on the Auction House will take a reasonable buyout, rather than bid and risk losing. Wouldn't you? Setting a good buyout will move your items more quickly.

Don't be a wimp. If you see an item up for 100 gold, but you know you could probably wait and sell it for 200g, don't be afraid to buy it. It might not move quickly, but it will eventually sell. It just takes patience (and knowing the market!).

Don't rely solely on Auctioneer. I'm looking at the AH right now, and there are 20 listings for Savory Deviate Delight. Auctioneer is listing the profit at 10g+ for each one. But I know that can't be right, because that means EVERYONE selling them is putting them undervalue. What it means is that the market is flooded with them, and prices are down. Learn to spot situations like this and skip them for now.

Study the market. Know what is selling quickly. Know what will probably never sell. Use your own experiences to judge what is worth money and what isn't. If you'd buy it, others probably would too.

Understanding Your Economy

Each server in WoW has a uniquely balanced economy. A successful Auction House shark needs to understand the laws of supply and demand for their server. Some things to consider!

Server age. Is it a new server? If so, try to consider what YOU needed when first beginning on a server. Low level crafting goods, for example, would be in demand. High-level goods and items you might want to hold onto, until demand increases and drives prices up! If it's an old, well-established server, don't be afraid to raise the price on your good, low-level gear, especially good twinking gear like The Butcher. People will be rolling new toons, funded by high-level alts, and they can afford to pay extra for the convenience of buying good gear rather than finding it.

Patience! Before putting an item up for auction, consider the competition. If they are under value, don't sell yet, because you won't make maximum profit. Bidding wars can drive prices of items down for weeks at a time, especially for items in high supply like crafting materials. But eventually, prices will go back up. Wait for this! Don't be so focused on making a profit that you limit yourself. Alternatively, BUY LIKE CRAZY when prices are down. Then when they go back up, you can sell at a profit. It's risky, and can sometimes take time to come to fruit, but it can be worth it.

World Events. When a new instance is opened, do some research. What kind of monsters are in it? Before AQ opened up, the most expensive +resist gear was fire, because it was essential to surviving in Molten Core. After AQ opened up, the price of +nature resist gear skyrocketed, because it was suddenly in high demand. Also, the price of all the items needed for the turn-in quests to open AQ jumped by around %1000. Medium leather that was going for a gold a stack suddenly costed 10 gold a stack, and it was selling, because EVERYONE wanted it.

Do your research, everyone, I can't stress this enough. It isn't sufficient to simply use Auctioneer blindly. Yes, you can make a profit this way. But if you are able to understand, predict, and take advantage of the demands of the market, you stand to really make some serious gold. Just remember, you're a player too. If you see a shortage of something, or wish there was more of something available, you aren't alone - a lot of others probably agree with you. But if you're the first to take advantage of it, you win.

Profit from Server Downtime

It's everyone's least favorite time - usually Tuesday mornings (EST, at least), Blizzard takes down the servers to implement patches, fixes, and do all the other arcane stuff they do. What does this mean for the average player? It means they have to go find something else to do for 2 or 3 hours. But that isn't what it means to YOU!

No, for you, the savvy Auction House shark, the server going down is opportunity knocking. You see, even though no one can play when the server is down, time is still passing for the Auction House, and a lot of auctions will finish during that downtime. Obviously, no one can bid while the server is down, which means the last person who bid BEFORE the servers went down is essentially GUARANTEED to get all the shorts they bid on, and some of the mediums. You want that person to be you! A lot of people put low numbers on their bids, hoping to provoke a bidding war to raise the price, but a server shutdown will cut it short by 2-3 hours, which means you can stand to make a great profit!

Also, after the server comes back up, many vendors limited stock items will be refreshed. So, if you've got one that you have your eyes on (Check my posts on Reselling Recipes), check them as soon as you can!

So, find out when YOUR server goes down regularly, and take advantage of it! Also be on the lookout for those occasional unexpected periods of downtime -- you can take advantage of that, too!