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  1. #1
    Cokeroft's Avatar
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    Maximizing Inscription Profits

    Hello everyone! I am here to help people out with inscription, and help YOU try to maximize your profits. I've been wanting to write something up on this for awhile, as I've been doing this for about 3 weeks now, and I've seen very good results.

    Let us begin by going over the main Inscription Profit Maker... Glyphs! These are pretty simple, and plans have been made for them over the past few months, so who needs help right?! Wrong. Things have changed, and I think using a "system" so to say, is going to help everyone, it certainly helped me.

    First of all, you want to figure out inks you need. Previously, a scribe could just buy Northrend herbs, mill them forever and then just trade for other inks. Sadly, it's not a great idea to do this with Cata herbs, because they are so expensive. However, for SOME inks, it is! Let me explain on an ink by ink basis...

    Let's start with . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst.


    Next ink up is . To get this, here are the herbs to mill in order of best to worst. I did not include Fire seed because it's silly rare.


    Sorry for the long list, but it's the simplest way to do it, I swear! Ok, so from this point, you should do a scan of the above herbs, and buy anything that is relatively cheap. How do you find if something is relatively cheap for glyph making? Well, I'm so glad you asked!

    I use this simple plan. I set my posting threshold at 26g per glyph, so at MOST I want to spend 20g on crafting a single glyph, so I try to make sure that each ink costs me 6g or less.

    So what you do is, say you buy the best herb for any given ink, that will usually yield you 6 inks per stack. So for it to cost 6g per ink (or less) I only buy stacks of the best herbs at 36g or cheaper, roughly 1.8 per herb.

    Here is where it gets a tad bit tricky... What if my herbs never drop below that price? Should I go above my threshold for this specific ink!? NO! Don't fold! Here is where the plan starts panning out.

    Usually when I craft glyphs, I am in need of , , and . Onto step 2 of the process...

    can be traded in for any of the inks I mentioned before, but in this case (creation of glyphs) we are going to want to not trade them in until we know how many of those we need. Let's just assume you have 1,000 of these inks (I'll discuss how you got this many soon), you queue up 5 of every glyph that sells for over 26g (your threshold). View your reagents tab trade your Blackfallow Ink for the rest of the inks you need (more than likely Ethereal, IoTS, and Lion's) and create your glyphs.

    Now, how did we get to this point, do we need to backtrack? This seems like a pretty cut and dry system for glyph making, but it is not.

    When stocking up on my I ONLY buy and because on an average mill of a stack of these, I receive 6 and 1 . My threshold for these are 200g a stack, because you are almost ALWAYS going to make a profit on that price.

    Let's say I buy 50 stacks of twilight jasmine or whiptail, that leaves me with 300 Blackfallow Ink and 50 Inferno Ink. With this, I craft 100 , and buy Volatile Life to craft Darkmoon Cards. Let's do some simple napkin math... On my server, the cards sell for 20g per, the Cards sell for 2k on average (this is my average from crafting full decks, and selling cards together).

    100 * 20 = 2,000g
    2,000 * 5 = 10,000g
    2,000g + 10,000g = 12,000g
    It cost me 10,000 for the herbs, and 1,500g for the volatile lifes to make the cards (about 10g per, which is actually overpriced) for a total of 11,500g
    So I turned a 11.5k cost of herbs and volatile life into a 500g profit. But, wait, I still have 200 inks from this whole transaction!

    This means that I used less than half of the items I got from the herbs to earn a PROFIT. The rest are going to go directly into my glyph making process. While I could turn that 200 extra ink into 200 more cards and make 4k more profit (which is a possibility), I don't want to flood the market with cards. So simply repeat the process (buy glyphs under a certain threshold, make cards, and keep a certain amount for glyphs).

    One last thing before I stop rambling... Remember those lower level herbs you bought to make Inks like Shimmering, Midnight, Jadefire, Celestial, etc? Don't forget that those also give rare pigments, which lead to rare inks. Those rare inks turn into lower level decks, which give Darkmoon Rep. The Insane achievement isn't as prominent as it was before, but you can get the rep exalted yourself, the blue items are BoE, or you can sell the decks to someone trying to get exalted with Darkmone. Try to find someone who is going for exalted, and offer them a package deal!

    Anyways my friends, this has gone much longer than I wanted, and I apologize for that. However, I feel that the list above with the herbs will help any scribes immensely, as I am going to be use it. Hopes this helps, and if you have any questions, feel free to reply here.

    (Seriously sorry about the length of the post <3)
    "Nothing can happen till you swing the bat."

  2. #2
    Meyer's Avatar
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    Cheers for making a nice post, which explains how you are thinking when you look at the Inscription market.

    I see your logic, but in some cases I donít.

    I donít disagree in your math, but I think you need to look more at the Opportunity cost / profit.

    You say you sell the at around 20G. It seams fair, that you donít want to flood the market, but when I see your that your trade in your to make glyphs you sell at a threshold of 26G I donít get it.

    At 26G on Glyphs you get only 8,66G / Ink you traded, at thatís not a lot. Iím sure you make a lot more money, as we donít sell all our glyphs at the threshold Ė BUT. I think your threshold on glyphs made from Traded are to low.

    Look at it this way:
    1 stack of herbs at 200G + 30 at 10G / each.
    Your 6 are going at your Glyphthreshold at 26G per 3 = 52G.
    Your ďrealĒ cost for the is 200-52=148G.

    148G x 10 + 30 x 10 = 1.780 is your crafting price for Darkmoon Cards. Are you willing to take the risk producing these cards with a calculates profit margin of only 12%?

    I would not.

    Darkmoon Cards are risky business (I had 200.000G invested in the marked fair, and spend 18 hours in the tradechannel trading cards and selling 11 deck. It can be extreamly profitable, but itís not an item that sells like candy because of the high prices).

    Iím sure you are making some nice profit from your model, and the nice thing about it is that you channel your ink-supply out to the market through several items, but when I see your post I think:

    1. Your Glyph threshold (on traded ) are to low. set it a lot higher or stop trading the inks to make glyphs.
    2. Relaying on sale of expensive Darkmoon card can be risky.

    I think the reason I donít like the way you think, is that I my self think very isolated on items. I always put a ďtargetĒ price (Opportunity cost) price on the items.

    If 1.780G is a reasonable crafting price for you for Darkmooon cards, why donít you just make those?

    200G / 1,6 per stack (trading blackfallow to inferno) = 125G / Inferno
    125G x 10 + 30 x 10 = 1.550G per card.

    When thinking the way you do, itís actually hard to se where you make your profit.. My opinion is that you are wasting profit on making glyphs from .

    Just a last calculation.

    If you are willing to sell a glyph from at 26G Ė the target price for is 8,66 like written above. At 8,66G / you could craft Darkmoon cards at 8,66 x 10 x 10 + 30 x 10 = 1.166.

    If you think ďbut 8,66G is not my real price is higherĒ then stop selling them at 8,66. (= set your threshold higher).

    I donít know get my point when I talk about target prices. Is a ďopportunity cost / profitď way of thinking and then not entirely..
    Iím positive you make a lot of money, and itís no problem to loose some money (eg. miss out on profit) on some of the glyphs if you make ďmoreĒ on others..

    My post isnít in anyway made to criticizes you Ė only to illustrate how other Darkmoon / Glyphs crafters think (I donít sell as I donít like the item, and selling it give a lot of bad reputation imo., but thatís another discussion)

  3. #3
    ErolVingian's Avatar
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    Have a look at herb prices a little more closely.

    In my experience it's always possible to buy enough herbs to mill into inks for all but ethereal ink (medium pop server), you can also find the inks for sale in the AH at cheap prices from time to time. I buy any ink I use to craft glyphs at less than 5g an ink, which gives me a base craft cost of 15g per glyph and I will never sell a glyph for less than 45g.

    I worked out approximately how much it costs in raw mats to make each ink and worked out how long it took me to craft the inks from the herbs I bought to get my base ink price.

    I use or exclusively to mill into blackfallow ink. If you look at old herb milling %'s then lower level herbs give 250% pigments and higher level herbs give 300% pigment. (i.e. 2.5 pigment and 3 pigment respectively for each stack of 5 herbs milled) So you get 5 and half an per stack of 'cheap' herbs. Which average out seeing as you can convert 10 BF ink into 1 Inferno that the actual mats cost of an inferno ink is the same as a stack of 'cheap' Cata herbs.

    For my server if I work out what I get from milling higher priced herbs like it turns out to be less ink for the money, but check the prices on your server yourself as things can vary a lot. It's usually pretty profitable to just mill cata herbs into ink and sell inferno ink and ignore the glyphs/other crafted items using inferno ink entirely.

    If you mill a LOT of herbs then you'll find yourself drowning in inks it's not a good plan to dump lots of inferno ink onto the AH in one hit but by and large I find that selling the inferno inks I get just from milling Cinderbloom pays an average of about 75g/stack of herbs, which means my cost per Blackfallow ink is 5g which is the same as the other inks cost me and the same as my ink snatchlist price for the AH.

    So for me I buy stacks of Cinderbloom or Stormvine at about 100g a stack, I sell all the inferno inks at an average of 150g an ink so I can then convert blackfallow ink into any of the inks I want and it's costing me the same as if I'd bought the specific herbs and milled them myself at normal prices.

    I don't like the Darkmoon card market because it ties up capital for me. For me barking in trade channels trying to shift high value items is not how I want to spend my time on WoW. I'd rather accept a lower Gold/hour and sell mats and the occasional glyph (I post glyphs 2-3 times a week now and never bother with undercutting wars) and when all is said and done inscription earns me somewhere in the region of 15k a week.

    I don't like either - the only time I ever sell them is when my inscription competitors are barking the sale of them at very inflated prices and I throw 50 into the AH at half what they are selling them for.

  4. #4
    I don't see much profit in Cataclysm inscription on my server, so I craft glyphs almost exclusively. Only if the price for a Cataclysm herb is very low, I mill it and sell Fortune Cards and Inferno Inks or Burning Embers. Fortune cards usually sell for a couple of gold more than Blackfallow Ink and they sell quite quickly.

    I have made Auctionator shopping lists for each ink so that i can identify the cheapest herbs to buy quickly.

    Usually I buy herbs at 2g or less, which means that making a glyph costs me less than 24g. With ItemAuditor I fount out that the typical effective price is 10-20g per glyph.

    When the price is low, I buy large quantities so that I never had to buy herbs at unacceptable prices so far.

    This is my crafting process:

    I scan all glyphs with Auctioneer to get the minimum buyout.

    Then I use KTQ to queue Glyphs so that I have 2 of every glyph in stock that has a minimum buyout of 55g or more.

    APM is set up to sell glyphs at a minimum price of 45g and a maximum price of 169g if there's no competition.

    Using APM, I can post, cancel and repost all glyphs very quickly.

    With that setup, I sell a large quantity of profitably glyphs with minimal effort.
    Last edited by paws; January 16th, 2011 at 03:33 PM.

  5. #5
    Z-Man's Avatar
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    I use about half of my Blackfallow Ink production for Fortune Cards (and Fortune Cookies, and the other half gets traded in for Inferno Ink for Darkmoon Cards. I'm paying at most 90 per stack for Cinderbloom and Stormvine and 130g for Whiptail, so dumping the Fortune Cards for 24-29g covers the bills quite nicely (even more so on those days when card prices rise to 50g and beyond).

    Trading in for Inferno Ink, each Darkmoon card costs me roughly 1120g (900g in Cinderbloom, 210g in v.Life). With the unusable leftover cards averaged in, my costs for each completed deck is about 1430g per card. With decks selling (slowly) at 29K, it doesn't take very many sales to make back my expenses, especially with the extra gold coming in from Fortune Card sales.

    I'm still resistant to trading in Blackfallow Ink for glyphs, so I'm still milling Classic and Outland herbs when I can find them. Each glyph made from Blackfallow Ink is equivalent to three Mysterious Fortune Cards, making this inefficient for any glyphs selling below 90-150g. It's far less work to craft and list a hundred Fortune Cards instead of dealing with the hundreds of different glyphs and the constant reposting cycles, so I may bow out of the glyph market eventually.

  6. #6
    ErolVingian's Avatar
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    Quote Originally Posted by paws View Post
    I don't see much profit in Cataclysm inscription on my server
    ...

    Fortune cards usually sell for a couple of gold more than Blackfallow Ink and they sell quite quickly.
    You just identified a way of making much profit from Cata inscription abut 2 sentances after saying you couldn't see any (think volume)

  7. #7
    Cokeroft's Avatar
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    Just wanted to add onto this a bit. I'm still doing most of what I said in this thread, buying low herbs when I can, making glyphs, making cards, etc. However, I wanted to add 1 more thing.

    I've recently set aside some of my Inferno Inks because I had 2 of each deck with some 40 odd cards laying around, so no point in making more until I sell them. Then I came upon , which I had sold previously, but not that much. These costs about 2k in total for me to make (depending on how you value your inferno inks) on my server, and I've sold 5 for in the range of 4k-5k in the last week. For some reason, these sell much better than any other relic crafted by scribes. The and don't sell for more than 2k from what I've seen, and don't sell nearly as fast. I'm not familiar with casters, but for some reason this just seems much better than any other available relic at that level.

    Anyways, if you are crafting cards and have a surplus of them and want to funnel those inferno inks into something else, give these things a shot. They are selling well for me
    "Nothing can happen till you swing the bat."

  8. #8
    All 3 of those relics barely pull 2k for me, not even making up mat costs = / Occasionally i see one up for the 3-4k range but it never sells at that price and i see it a few days posted around 2-3. I'm convinced my server population is dwindling or no one gears for raiding because it is getting increasingly harder to push level 85 oriented items (gems/enchants/BoE gear/flasks)...

    On a side note this thread has given me a few ideas to try out either way. Think i may dump about 10-20k into herbs to try a few of the mentioned methods above. Only issue is it's rare for me to find under 100g and under 150 so i don't know how much that will cut into my profit margins.
    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!

 

 

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