Thread: Newbie Gold Goblin Looking For Advice

Wasn't really sure how to go about wording my first post...so I decided I would just come out and say what was on my mind.


Bear with me folks this is gonna be a journey to say the least....




So there I was, reading away, absorbing all the gold making blogs and threads I could get my hands on and then it hit me... Why just read about it when I could just go and try it myself.


(I'd had luck on my original realm but I wanted a change.)


Anyway...


Giddy with excitement I rolled onto a new server, made myself 2 toons and started the whole "research" process again (Auctioneer scans and what not)
Between collecting my data... for the first day or so atleast I started gathering (Copper, Peacebloom. etc) obviously I needed some capital to kick start my AH carreer.


((1 Week later))


Once all my items sold and I had netted a tidy sum off 200G. I then decided seing as certain gems were priced lower than thier "Cut Counterparts" they were a good place to start so I bought up 2 gems and had a higher level JC cut them for me. The gems sold almost instantly. But this is where my quest for advice really begins.


I have the required addons and also utalize The Undermine Journal to make my trades. But the whole JC Flip technique is as far as I know what to do, this is foundation ecconomics (Buy Low Sell Average) what I really want to be able to do is pinpoint oppertunities in the market for example:


"Person A will never buy a single scrap of Embersilk Cloth in his life, preferring the convenience of premade bolts; person B will never even bother to check the price of a Bolt of Embersilk Cloth because he assumes it will always be cheaper to buy the individual pieces."


Extract taken from: http://wow.joystiq.com/2011/10/10/go...ion/#continued


Now I know that Person A & B are potential customers if a trader can spot an oppertunity such as the above example. I also know that gold makers don't just give out thier stradegies to anyone, nor am I asking for a handout. What I am looking for is advice on finding niches in the market such as this.


Currently I have around 150G and my main is a level 20 Alchemist/ Enchanter. (Both Professions are maxed as far as being a level 20 toon goes.)


Any help is appreciated and thanks for reading my novel


Sincearly Wandering Welshman.

cheers jimmy, your link didn't work by the way so I did a "newbie" search and started reading up on a couple of things. :P

Secondly... cheers for the speedy response neo, it's not so much that I am worried about gold it's just that I enjoy the AH, I'd rather do 3 - 5 levels and then spend my time trying to find deals on the market. I know I'm restricting myself by being a low level character but that's not to say it's impossible either...

Anyway I appreciate you both taking time to help thanks again :P

Sincerely Wandering Welshman