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  1. #1

    Introduction and Need Advice!

    TL;DR:

    I have less than 4k gold to my name I currently have a max rank JC, max rank scribe, max rank BS, max rank Engineer. I am currently involved in the glyph market, however I sell less than 5 glyphs a day, I am constantly and nearly always undercut within minutes and my auction end up returning after my 12 hour posting period. Is there anything do remain competitive without resorting to a constant 1 copper underingcutting? I have nearly 1/4 of my entire wealth, about 1.5k tied up in glyphs at market value not at creation value.

    Longer Introduction/Contructive Post:

    Hi there guys! I found The Consortium from JMTC and the TS mp3 that was just posted a few days ago. I've been really interested in AH-PVP for quite sometime, indeed I find market and economic trends almost as exciting as raiding.

    My Background:

    I used to be a hardcore raider and was forced to retired due to IRL time concerns. I discovered just how much fun I had making profit on the AH. At sometime during the summer of 2009 I was forced to quit WoW but my account remained active for about 3 months unplayed.

    During this time when I had an active account but was not loggining in, I was hacked and upon my return at the start of cataclysm I had several level 80s that were almost completely naked. After a few petitions Blizzard was able to equip me with some basic ilvl 213/200 gear to let me at least continue to level, however after numerous petitions they were unable to restore my nest egg of 16k gold claiming that they were unable to restore gold after so long (can't blame them as it had nearly been a year and a half).

    So I have managed to via quest rewards and some lucky BoE drops accumulate a wealth of 4k gold as well as level several professions to max level.

    As of today I can proudly say that from entering cataclysm till now starting with exactly 13 gold I have leveled inscription, alchemy, jewelcrafting, blacksmithing and engineering to 525. I also have leveling herbalism and mining to 525 on some lower level 81-82 alts as well as a level 71 BE that can disenchant all Cata greens but cannot create any enchants till I level him.

    My Operations:

    I currently am trying to dabble in the Elementium Shuffle using my JC/Disenchanter. This is proving to be ok and roughly producing 500-1000g a week. However, this money is being consumed by my ingame activities. I decided to expand into the Glyph market but discovered to my horror the 1 copper undercut market. I currently have approximately 1.5k worth of glyphs constantly being undercut and I can in no way compete with my current play schedule.

    I post my glyphs and am almost within 5-6 minute undercut by 1 copper. I cancel my auction and lose between 5-20gold in deposits, repost and the cycle continues ad nausem. Currently I am lucky to sell 1-5 glyphs A DAY.

    Given my play schedule and using TUJ for my server I cannot go online during the lull.


    My Addons/Crafting Business:

    Currently I use Gnomeworks and lilsparky's workshop to parse pricing and minimum construction cost. I also use Auctionator for mass posting, and My Sales to track my lack luster profits.

    I have calculated a few costs and found that I can consistently craft three ink glyphs for a specific price if I purchase materials below a certain mark and use the ink trader. I could craft for much much less if I purchased individual low end herbs but I think the opportunity cost is too high verses the upkeep that I desire for my business.

    My Questions and Problems:

    A) How do I combat the entrenched goblins?

    B) Given my listed professions, is there a strategy I can use that is relatively maintenance free

    C) Should I simply take the "greedy goblin/Gevlon" approach and walmart the prices? Given that glyphs are permanent now I don't see this as producing enough profit for it to be profitable in a meaningful sense.

    D) Tichondrius US as some very very low prices at least compared to the figures I overhead on the JMTC podcast/vent meeting. I am unsure if I should treat this as an economy of scale or simply develop my own figures.
    A) Always
    B) Be
    C) Closing

  2. #2
    Hi, and welcome to the community. I just started trolling here myself, and I found it to be a great resource and also.. people aren't jerks

    I would cut my losses, and undercut the glyph goblins by 5-20g until I could sell each glyph with a fair amount of loss. Obviously this is not the market you want to be in on your realm. Discovered glyphs are, logically enough, the ones with least competition, and the Glyphs everyone can make while leveling are the ones you will have a hard time selling for profit. I havn't been much in the glyph market myself, just tried it once or trice. Each time I try it, I end up with 5-10 different glyphs I just cant sell for weeks. I just havn't figured it out yet, I guess. Hopefully someone else can give you better advice. If it was me, I would pull out of that market.

    On your JCer, do the dailies each day. You can buy a gem instantly for the currency and sell @ ah, or save up to get some designs. The Shuffle is profitable, yes, but its also alot of gold tied up. Zephyrite is best sold when its JC daily, and so are Nightstone. So you would possibly end up with huge stocks of those two, I wouldn't overdo it in the start.

    Engi pets(all, both new and old) are profitable, but then again, so is vendor bought pets. This has nothing to with professions, but buying recipes + pets @ vendors and selling @ ah will yield you a very nice profit with minimal investement. That kind of goods sell best on the weekends on my server. I sell for 2k a day on weekdays, and 4k a day on weekends patterns/designs/tecniques/plans/recipes/pets etc. I use "Altoholic" to keep track of inventory, and I use "Inventorium" to autorestock when I talk to vendors / open my guildbank. Its abit of work to start up with this venture, but when its all set up, its just 15-30 min "work" a week, and some reposting whenever. With my 200 different items @ ah, I only have to repost maybe 20-30 auctions after 3-5 hours.

    I've heard good things about BS belt buckles, but I dont have a BSer myself. And also, folded obsidium is a good profitmaker..?

    I must admit, I dont make the best use of my JCer or my Scribe, so I will keep an eye on this thread to see what kind of tip you get. Good luck!

  3. #3
    For 1, if you are at all interested in the glyph market, you need to go download TSM (Tradeskill Master) and the modules asap, while you may still get undercut, this will help you reundercut back with the greatest of ease. Additionally, it will tell you which glyphs are even profitable, how profitable they may be and pretty much walk you through making and posting them. It's also helpful to friend list your competition and post after they log, or be such an undercutting nuisance to them that they're forced to wait for you to leave to make some profits, then you can just be online and afk to keep them at bay. Low level herbs are the way to go for making glyphs most of the time.

    You could also consider look at the Mysterious Fortune Card + Darkmoon Card production avenue. You buy herbs that make cheap blackfallow or inferno, make fortune cards from the blackfallows and darkmoon cards from the infernos, the fortune cards sell well for alot of people, and you'll end up with practically free inferno inks, making your cost to create a darkmoon card essentially just the volatiles, selling cards below market for huge gains. This made me about 12k today alone, and i only did it off and on for about 5 hours while at work. Barking is key to moving your fortune cards.

    TSM could also help you develop profits from any of your other tradeskills as well.

    Persistence is key to profits, if people try to edge in on your market do your best to make it unprofitable for them so they leave. The next thing to note is the old adage "it takes money to make money" with only 4k you'd have to invest alot to see real gains, once you've got some more cash tho, you'll have much better chances of making more money. Also be sure to post at times people are more likely to buy your products, i.e. flasks/food before raid times, and enchanting mats and gems should be up for the end of raids to ensure they'll move.

    Also, check out theunderminejournal.com it's got tons of information about individual auction houses and players, you should be able to find a way to turn a profit there.

    I'm sure some others will have some good advice for you, but keep at it and good luck, remember there's always money to be made somewhere.
    Last edited by Pheonix; March 7th, 2011 at 02:08 AM.

  4. #4
    This is just my own personal experience so take it for what it's worth:

    The glyph market is the hardest market to consistently make profits with on my server. All the big time glyph makers on my server have been there since pre-cata and have bank tabs full of glyphs that they made back before glyphs took 3x Inks to make therefore it literally cost them 5-10g to crack out glyphs. My own personal method for making Glyph profit is opening up TSM and running an Inscription scan and just make whatever has a decent profit and i know will move (this takes a bit of experience or knowledge of multiple classes and which glyphs are best for each spec). I then use TSMs Buy Crafting Mats module then mill/craft the glyphs and send them to my glyph mule and do 24h posts of 2 at a time and usually cancel repost twice more throughout the day/night. You are NOT going to get many sells if you can't at least cancel repost once or twice thru out the day. Generally 75% of my sales are within an hour or two of posting/reposting. Rarely do i get sales that have been up longer than 2h.

    Notice how my post and the two above and mainly centered around TSM? Go download it, it's simply a must have and makes many tasks easy now =)

    What Phoenix said about DMC cards and s is good advice to. 1 stack of non Whiptail/Twilight Jasmine cata herbs yields 5 Blackfallow Ink and 0.5 Inferno Ink and Whiptail/Twilight Jasmine is 6/1. If you can push the Fortune Cards at 15g each then you are practically getting the Inferno's free (assuming you can get Cinderbloom/Stormvine at or below 75g or Whiptail around 100g). Don't expect sales unless your barking though and prepare to cancel/repost a lot since a lot of people try to undercut when they see you barking.

    Also i manage to sell a few of the 346 Relics throughout the week, they are decent profit.

    As far as the JC market goes, i haven't touched it since ore prices crashed on my server. Infernos are below 80g and everything else is below 40. Hoping epic gems get introduced again in 4.1 then maybe i'll get back into that market for a month or so until it crashes as well. JCing isn't my fav market...
    85 Paladin Enchanting/Jewelcrafting - 85 Hunter Herbalism/Mining - 83 Shaman Inscription/Alchemy - 75 Deathknight Tailoring/Jewelcrafting - 10/25 = 2k Gold, 1/23 = 100k Gold, 3/6 230k - Thank you Consortium forums!

  5. #5
    Belzebutinov's Avatar
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    Quote Originally Posted by Pheonix View Post
    You could also consider look at the Mysterious Fortune Card + Darkmoon Card production avenue. You buy herbs that make cheap blackfallow or inferno, make fortune cards from the blackfallows and darkmoon cards from the infernos, the fortune cards sell well for alot of people, and you'll end up with practically free inferno inks, making your cost to create a darkmoon card essentially just the volatiles, selling cards below market for huge gains. This made me about 12k today alone, and i only did it off and on for about 5 hours while at work. Barking is key to moving your fortune cards.
    Word. Mysterious/Darkmoon cards are a great way of making profit. I made around 35-40k this Sunday alone with those; and, as Pheonix very justly pointed out, barking is absolutely key to selling myserious cards properly. I've managed to sell around 200-250 at close to 50g in less than 2 hours of barking.

    Also, since you have max rank BS, try some , I can make 150-250g in profits per buckle, depending on the day. PvP gear may or may not be worth your time, that's very server dependent, but you should take some time to check that market out, because it has the potential to be very, very profitable (assuming, which is why this is so server-dependent, you don't have a flurry of idiots listing the stuff below mats price).

    Last but not least, check out the snatch list, easy money to be made there
    Don't forget to hand out reputation to people whose posts enlightened you!

  6. #6
    Man i wish i could push Fortune Cards at 50g, there's always walls and walls up and i generally only post when they are over 12g. I've contemplated a market reset a few times but i don't see it being successful. Last time i did it i reset at 35g and within 10 min someone had put up a wall at 18g...
    85 Paladin Enchanting/Jewelcrafting - 85 Hunter Herbalism/Mining - 83 Shaman Inscription/Alchemy - 75 Deathknight Tailoring/Jewelcrafting - 10/25 = 2k Gold, 1/23 = 100k Gold, 3/6 230k - Thank you Consortium forums!

  7. #7
    A glyph strategy I've been pondering is trying to find a middle ground between the mat cost (9-25g or so) and the huge markup most glyph barons like to list at (150-200g). If I can be cheap enough they may either buy mine to flip it or mine sells because they aren't willing to go that low. Either way I should win.

    I may gave to sell more to get the sane profit but it should help with undercutting a bit.

    It's still mainly a theory.

  8. #8
    Fabricated's Avatar
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    Quote Originally Posted by f4t4bb0t View Post
    Man i wish i could push Fortune Cards at 50g, there's always walls and walls up and i generally only post when they are over 12g. I've contemplated a market reset a few times but i don't see it being successful. Last time i did it i reset at 35g and within 10 min someone had put up a wall at 18g...
    You are very unlikely to see this strategy pay off. As someone making a bunch of coin off of inscription right now, large undercuts are only going to cost everyone profits. The barons will likely do the same thing I do, undercut you by 1c until it's down near mat cost. Hover around there until you go away, and then bring the prices back up. There isn't a hope in hell that I'd continue to buy you out at 40g just to bring the prices back up. That's WAY more work then letting TSM undercut you until you go away.

  9. #9
    Mugsley's Avatar
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    Just curious. Why can't you make enchants on your level 75 Enchanter? Since the change......5 years ago(?) you have to be X skill to Disenchant items. Therefore your character, IIRC, is at least 425 Enchanting. Trust me when I say that you already have a goldmine of enchants going unused. You don't have to only sell the enchants from the TH vendor.

    Download Lil Sparky's Workshop and have a look at your Enchanting window after you do an AH scan. You may be surprised what you find.

    For example, Enchant Chest - Mighty Stats is a leveling enchant that only requires two Lesser Celestial Essence; which is about 20g worth of mats on a bad day. It routinely sells for me, for nearly 200g.

  10. #10
    ExtremeEagle's Avatar
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    I believe he said his enchanter is 71, which would cap him at 450 plus the blood elf racial until 75. At that point there's probably only a couple Cata enchants available.

 

 

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