Easy Disenchanting For Easy Gold

Most people tend to consider Enchanting a money sink. Well, if you're trying to get to 375, it is. ALL professions are money sinks, if you want to get them to 375. But you don't need to be a high level Enchanter for this to work!

Enchanting materials are always in demand. Not only are they used in Enchanting, but some of the materials are used to transmute cloth, or in various other professions. The key is being efficient!

One of my favorite runs for disenchant able items is Scarlet Monastery. Across the 3 areas, there are quite a few bosses! So, this is simple enough. Run the sections as fast as you can, kill the bosses, disenchant their higher-level drops, especially any blues. Rinse, repeat. Obviously, this is best when done by a stealth class, but any high level character can do it. Between Archanist Doan, Commander Mograine, High Inquisitor Whitemane and Herod, there's a lot of potential for profitable disenchanting!

Since this is so easy to do, don't be afraid to undercut the competition more than you might otherwise. You can get more of this stuff more easily than a lot of them probably are, who are only selling the materials they HAPPEN to come across!

Get that First Mount!

There are a ton of tactics out there to help people get their mounts as fast as possible, but I prefer a straightforward approach. This technique works best on older, well-established servers, but also works great on new servers, for other reasons.

The Deadmines. I love this instance. You can easily do it as Horde or Alliance. From about 30 on, you can run it yourself fairly easily. In one run, you'll probably get 6 or 7 or 10 green drops. Low level green drops, right? Who cares?

Well, if you're on an old server, the player population is rich. When they roll a new character, they want to buy what they need, not farm for it. On my server, a Seer's Belt goes for 2 gold. 2 gold is nothing to someone funding their character with a level 70 alt. So, those green items, sold at these very high prices, really do add up.

Alternatively, on a new server, the items will be very in demand again as people level their characters. This means they'll move fast, but as the population isn't as rich as on an old server, you won't be able to charge as much. Still, you can make a mint doing this, at least from a low-level, new player point of view!

Picking Manathistle

Mana Thistle is a great herb for alchemists. Other than having a cool name, it is needed for many higher end recipes, such as the various Cauldrons, and most of the highest level elemental protection and healing/mana potions. Also, when you pick it, it restores some mana! How cool is that?

Mana Thistle can only be picked by a master Herbalist, that is, 375 skill. Aside from that, the places it grows most consistently can only be reached with a flying mount! So, this is not an easy herb to get, which means it tends to sell high and well.

• In Terokkar Forest, you can pick it in the southeast corner, at Skettis. Also, in the Barrier Hills just above the Aldor base.
• In Blade's Edge Mountains, check out the Pinnacle Vortext to the west, and Felstorm Point in the north.
• In Netherstorm, in the northwest, at Socrethar's Seat.
  
• In Shadowmoon Valley, check out the southeastern Netherwing Ledge.

Here's a link to Thottbot to help you. Just click on the zone you want to check out and it'll bring up a map. This stuff sells for 50-60 gold per stack on most servers, so if you're an Herbalist, get picking!

Wowecon.com

This website is a fantastic resource, often left unused and unknown to many players. The people running it collect all kinds of useful market information for you: prices of items over time, prices on different servers, items that sell too low, etc. It's a fantastic way to learn more about your market! I can't stress its usefulness enough to you all. The more you know, the more deals you'll find, the more efficient you'll be in your money-making. So, go surf Wowecon!

Ideas

Hey, sorry for the lack of new information lately. Had a couple days off of work, and haven't been motivated to DO any work. =D

Anyway, I've covered enough material at this point that I'm struggling for new information to write about. So, again I turn to you, my few readers. :p Post in the comments what you want more information about, and I'll do my best to oblige!

Price Manipulation For Easy Profits

Update: This method simply will not work. There are too many rich players out there, using the Auction House just like you. If they see your low prices, they'll snap it all up and relist it for 5 times your price. Even if you flood the market, it will all be gone. Unfortunately, the economies are too full of legitly and non-legitly rich players to pull something like this off. =(

So, this occurred to me as I drove to work today. I've been trying various things on the Auction House lately, and I plan to try this over the next week or so.

The way people make money in the Auction House is to buy low, and sell at actual value or even higher. But what if the low bids aren't low enough to turn a nice profit? If the market isn't gigantic (like Linen Cloth, or other low-level crafting items), you can tilt the market just enough to really make a killing.

Find your market of choice. The items must be frequently bought on the Auction House, but not so huge that you can't control it a little. Mid and high-level crafting materials usually make good candidates. Again, I'm using Mithril Bars. I buy all of the bars available at auction. I then relist a small portion of them for significantly less than they are actually worth. Seems crazy, I know, but bear with me. Now, when someone decides to post more Mithril Bars, they are forced to undercut you to sell them. Buy those, too. Buy all of them you need to in order to keep your auctions in the majority, and force the overly low prices. When you've built up a good amount, let your auctions expire/sell out, and post no more.

What we're doing here is deliberately driving down prices. If all went well, you've now got a decent stock of whatever item you chose, and you acquired them rather far below market value. Now, simply allow the prices to rebound to regular levels. It could take a day or two. To speed it up, buy out all of the auctions again, and relist them for the prices they went for before you drove them down. Now you can re-sell the items you bought at rock-bottom for their actual worth. You can even undercut for more than you normally would, because your profits will still be huge! If you try this, let me know how it works out in the comments. I'll keep my results posted.

Some things to watch out for that are occurring to me now that I'm checking out the Auction House:

• It must be an active market! If no one is posting items in competition, people are just going to buy your low listings, and prices will go back to normal.
• There is a risk that the market is smart enough that competitors will simply wait for your items to be sold, rather than lose their own profits to underbid you. For this reason, a gradual slide down in price might be necessary.
  

My Ore Experiment, Part 2

Okay, so, I made 30 gold profit by selling the Mithril Bars I bought. However, there is simply too much Mithril on the market to control it all. I can't afford to buy 190 bars a day. So, the market is too big, but the concept is sound.

I'm moving on to Felsteel bars. There is 1 stack of 5 on my Auction House right now, and I'm going to buy it, break it apart, and sell the pieces for more. I'll let you know how it goes!