Tuesday, November 20, 2007

Finished!

At last, I am on break from school! I am on vacation from now until after New Year's! So, I can post again! Ahh, no more stress. =)

Yes, Sherretz (see comment from previous post), there is money to be made from Jewelcrafting! In fact, I'll get to work on a mini-guide very soon, and hopefully have it posted in short order! =)

Wednesday, November 14, 2007

Reader Submissions

Got a great tip you don't mind sharing for the greater good? If you do, send it to me at jonathan.lee.san@gmail.com!

This is my 101st post on this blog, and to be honest, I'm hitting a bit of a wall for above average ways to get gold! Or maybe it's post-exam stress, I don't know. I'll try to get back in the saddle asap!

So in the mean time, if you feel like sending me one to put on the blog, I'll give you whatever kind of credit you want, so everyone will know who did it!

Monday, November 12, 2007

More Delays

Okay, here we go again. I've got 2 huge projects due tomorrow, so I won't have time to post tonight. Hopefully, I'll be able to post tomorrow or Wednesday. After that, my schedule will have finally died down for awhile! Bear with me.

Thursday, November 8, 2007

Miners Trick with Felsteel

Here's a quick little trick I have found decent success with as a miner. Get some Fel Iron from Helfire Peninsula - it's all over. Make Fel Iron Bars. Now, hit the AH and look for Eternium Bars. It takes 2 Eternium and 3 Fel Iron bars (4 Eternium ore and 6 Fel Iron ore) to make a Felsteel Bar. I usually find 2 Eternium bars for 3-4 gold. So, I pay the 3-4 gold for it, smelt a bar of Felsteel, and turn around and sell that for 12-15 gold! It's a quick trick, very easy to do, and as long as you aren't overpaying for the Eternium, it's always a profit.

Sunday, November 4, 2007

Mining in Nagrand

One of my friends was, at one time, a very dedicated WoW player. He could put so much time into it that it baffled me, and still does. I can only go for maybe 2 hours of play at a time, and usually only once a day! My friends, through a combination of question at 70 and mining, made the 5000 gold for his epic mount in about 3 weeks.

Now, I've already done a post about questing at 70. If you've got the stomach for it, grind as much as possible. That will leave you with tons of quests to do at 70, and you'll get gold for each. I may, if I can stand it, do that with my shadow priest, once I get there. I'll definitely keep track, though, and post the results if I do.

Now, mining. The best place to mine in Outlands is Nagrand. Almost all the nodes are adamantite, or rich adamantite deposits. I did about 30 minutes there just now, and got got 27 ore, 20 motes of earth, and 4 eternium ore. All told, that's about 70 gold. I know, 70 gold an hour isn't huge, but it's RELIABLE. I'm going to put this money to use in the Auction House, which I still think is the best way to turn a little money into a lot. I'm going to start keeping a log of what I do with a starting amount of 70 gold or so, rather like Derek's Gold Project X. It'll be an interesting way to show Auction House tactics, and it'll force me to not be lazy and abandon it! Thoughts?

Friday, November 2, 2007

Delays!

Hey all, sorry for the lack of activity! My workload is going up as the quarter winds down. I just spent my Friday night in the library. =(

Anyway! I'll definitely be posting this weekend, so don't give up on me please! :D

Monday, October 29, 2007

Reselling With a Twist

I've been investigating one of the suggestions left to me in a comment: find items that can be bought, re-worked into something else, then sold for a profit.

The results are going to disappoint you. Given the variable pricing of different servers, different factions, even different days, prices are just too variable to say: "Here are some items that can be bought low and crafted and resold, always."

Really, the best way to approach this kind of thing is on an individual level. I can say, with some authority, that there are very few instances where you will be able to reliably make a big profit by buying materials and crafting them into new items to sell for profit. There are some notable exceptions, aside from just hoping someone stupidly sells something for too low:

Rare Crafting Recipes. Yes, those blue and purple schematics, plans and patterns that you see selling for hundreds of gold. If you're really going to make it work, you need a rare crafting item. Everyone else can make the vendor recipes, and do, so even if you do find the materials for a good deal, the new item will be worth very little. Actually, it's often the case that the new item is worth LESS than the materials, because demand for raw materials tends to be higher than for individual items.

Okay, so let's say you have one of those rare patters, either bought (easiest), or found (pain in the #!@%$). I hope you did some research on what the item requires to be made, because you can get screwed here with a final product worth less than the materials. A good example that I am familiar with is shield spike recipes - these recipes sell for a lot. I almost never see the spikes themselves for sale, simply because so few people bother to farm or buy the recipe. The same holds true for other professions. If you see a recipe for sale, and notice that you rarely see that ITEM for sale, consider the market wide open. It does take some individual research, and you'll be out a chunk of change if you buy the recipe, but over time you stand to make it back and then some!

Really quickly, here are some little deals to keep an eye out for:

  • Motes. Sometimes you can buy 10 motes for less than the 1 primal.
  • Unworked Cloth, Ore: Sometimes you can find the raw form, work it into a bolt of cloth, fel iron, whatever, and sell it for a profit.
  • Uncombined enchanting items: Anything that can be used individually, or turned into something else when you get 3 of them, 10 of them, etc.
  • Alchemy ingredients to turn into potions
It's a small list, and I'm sorry for that. If you want me to add stuff, leave a comment and I'll add it. Unfortunately, if it were easy to turn a big profit from buying-crafting-reselling, the market would be flooded with those items, and so balance itself out.