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  1. #1
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    EdgEy's Avatar
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    [Master of All] - effectively capitalizing?

    Hi guys, first post here. Have been a lurker for a while and doing reasonably well on the AH - recently hit the 1M mark.
    Low-medium pop realm.
    My characters:

    11xL80+, a few 85 and 90. Same faction.
    Alternate account with other faction alt (slowly leveling characters there to avoid having to put ores and herbs through the NAH).
    6xInscription, 6xAlchemy, rest of the professions distributed amongst my chars.

    Markets I am active in:
    Jewelcrafting: all meta gems, all perfect cuts, gradually moving into rare gems as I unlock recipes
    Enchanting: all MoP enchants bar sha crystal (no reputation), crusader/agility etc when I can gather materials
    Inscription: roughly 20 DM trinkets per month
    Alchemy: directly selling Living Steel and Primal Diamond

    I have a few arrangements with sellers on my realm for Ghost Iron Ore. I can buy it on the AH and remain profitable on a gold basis, but I would likely lose gold on a daily basis (and build stockpiles of all non-PD materials) if I did this. Debating it.

    I flip the odd high value item, Pandarian iLvl gear, recipes etc. Glyphs seem like a colossal waste of time for the return, to be honest. I doubt I could make more than a thousand or two per day if I sat on the AH all day undercutting.

    Any ideas for other markets I can expand into? As far as I can see, everything is locked behind reputation walls (my chars aren't 90, but if they were, I hate dailies and really don't have the time to be honest). Whole professions seem pointless - I make Imperial Silk daily on my tailor, but without reputation, it's pointless. LW, BS seem worthless. I gave up on Ghost Iron Dragonling as it's been consumed by levellers now.

    It feels a bit like Inscription is my bread and butter at present - it makes over 50% of my income.

  2. #2
    US-Sargeras(A)
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    Diablous's Avatar
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    You might see about the profitability of the ilvl 450 jewelry with JCing. I do fairly well with those. If you have an elixir alchemist you can make a bit selling flasks if your realm raids at all.

    The PvP armor sets can be very profitable. I make a large portion of my income selling those (LW, tailoring...BS not at 90 yet)

    Ghost Iron Dragonlings and Tinkers can be profitable (I made 20k profit off them the other week) but those often take constant resetting due to them being common for levelers.

  3. #3
    US-Saurfang (A)
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    Quote Originally Posted by EdgEy View Post
    As far as I can see, everything is locked behind reputation walls (my chars aren't 90, but if they were, I hate dailies and really don't have the time to be honest). Whole professions seem pointless - I make Imperial Silk daily on my tailor, but without reputation, it's pointless. LW, BS seem worthless. I gave up on Ghost Iron Dragonling as it's been consumed by levellers now.

    It feels a bit like Inscription is my bread and butter at present - it makes over 50% of my income.
    This is the game changer for MoP and for Goblins.

    Blue have made the change for a number of reasons, but at the end of the day you have to be willing to compromise and take advantage of the new challenges gating provide to corner and work markets.

    If you have the time to invest in the traditional alt army, the profits are still going to be limited simply because of the way gating works in MoP.

    Believe it or not though, gating is actually a Goblin's friend - not the enemy - if you learn to adapt and exploit it.

    I'm nearing cap right now having started MoP with less than 50k liquid almost exclusively in just one market - on one toon.

    No longer do you 'need' to have such a large spread of alts to achieve good income! You have to start thinking outside the box a little, the old ways of gold generation are changing and if you can move with the times, profits are there - niche markets are thriving.

    In this respect (and getting back to your question), I'd daresay the way forward for you from here is meeting the demands of the market hidden behind gates & keep your income stream constant, but profit margins moderate (so as to not attract more competition).

    This means go after the stuff that has constant churn, but requires effort to either learn or craft. I'm not talking about daily CDs either, I'm talking about things that are gated behind Rep or BoP mat requirements only attainable at 90.
    Last edited by Mogram; November 26th, 2012 at 04:30 PM.

  4. #4
    US-Medivh (A)
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    Some low volume but high profit items to consider grinding a little rep for are the Shado Pan weapon enchants, Celestials wrist enchants, and the Cloud Serpent JC panther mounts. Since you hate dailies the enchants may be too much for you, but the panther mounts are by far the fastest to get. You can get two of the patterns the second or third day of doing the dailies. I sell anywhere from 1 to 10 of the enchants per day with a profit of 1K to 5K per item and 1 to 5 mounts per week with a profit of 2K to 15K per item. Aside from getting the rep, they all require very little time investment to list and re-list when undercut. They're all also additionally "gated" by their expensive materials cost. I describe them as "gated" because the bulk of sellers on my realm don't deal in them even though I know they have the patterns and I'm pretty sure it's because they either don't want to tie up their gold in the items or they get discouraged by going a few days without a sale and prefer to deal in cheaper goods that turn over more quickly. I think they're just incredibly short-sighted and impatient because low volume and high profit means low inventory maintenance. I'd much rather sell a panther or two a week or ten 8K enchants in a week than have to craft and sell a hundred perfects, fifty pieces of jewelry, or a few dozen metas. Since you've got the capital to easily deal in the higher-cost items, you're automatically at an advantage. These types of big-ticket items also allow you to actually earn some income on your gold by investing it instead of having it sit there earning nothing.

    Your assessment of the glyph market is apt--avoid it, the time for that market has long passed. I can't sell my remaining stock of glyphs fast enough. I haven't even listed any for almost a week, too many undercutters who seem to be insanely satisfied working below minimum wage.
    Last edited by EnigmaticClarity; November 27th, 2012 at 07:46 AM.

  5. #5
    US-Medivh (A)
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    Quote Originally Posted by EnigmaticClarity View Post
    Your assessment of the glyph market is apt--avoid it, the time for that market has long passed. I can't sell my remaining stock of glyphs fast enough. I haven't even listed any for almost a week, too many undercutters who seem to be insanely satisfied working below minimum wage.
    There's an exception worth noting to this--glyphs are still HIGHLY profitable if there aren't more than one or two people doing it on your realm. It's worth the time if you happen to have very little competition or you're able to drive them out as Kathroman says he has on his realm.

  6. #6
    US-Saurfang (A)
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    Quote Originally Posted by EnigmaticClarity View Post
    Some low volume but high profit items to consider grinding a little rep for are the Shado Pan weapon enchants, Celestials wrist enchants, and the Cloud Serpent JC panther mounts. Since you hate dailies the enchants may be too much for you, but the panther mounts are by far the fastest to get.
    There in lies the rub.

    Bottom line is most WoW players are either time poor or lazy. The path of least resistance (and highest profit) only promotes stronger competition which in terms of supply and demand, lowers profits.

    What's the easiest path to wealth?

    No secret - there isn't one.

    The best path to wealth however remains the same, based on supply and demand principles and finding the perfect balance in between. People have been looking for quick and easy methods since WoW began and it's simply not there to be found.

    Even if people do discover a niche, rest assured someone is talking about it (people can't help themselves but to brag) and soon enough supply meets demand and profits tank.

    The tried and true methods for the big gold in the game remain the same because that's how the market in wow functions.

    Low profits gold wise + high volume will still get you steady income and be more reliable than rolling the dice on high ticket items. For sure you can get lucky on a exclusive item sale, but at the end of the day any goblin who's been at this game long enough will tell you that's a false pretense, an aberration and not the rule.

  7. #7
    US-Drakkari
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    Quote Originally Posted by EdgEy View Post
    Any ideas for other markets I can expand into? As far as I can see, everything is locked behind reputation walls (my chars aren't 90, but if they were, I hate dailies and really don't have the time to be honest). Whole professions seem pointless - I make Imperial Silk daily on my tailor, but without reputation, it's pointless. LW, BS seem worthless. I gave up on Ghost Iron Dragonling as it's been consumed by levellers now.

    It feels a bit like Inscription is my bread and butter at present - it makes over 50% of my income.
    I am currently making HUGE profits by vendoring fruits and vegetables, o.O yes Witchberries, Melons, Carrots, etc, i sell stacks of 5 for 50 gold and is a very profitable low time consuming bussines (i have 2 90s harvesting them and other 86+ doing the same in low scale (you dont need to be 90 to have a 4 slot farm.

    Fishing is a very GOOD bussiness too, the 20 stack of golden carps sells for 250-350g depending supply/demand and the other fishes like jade lungfish or reef octopus are very profitable too

    Also "Mysteriuos fortune card" is a very nice, high-profit (and fun) bussiness

    I hope some of this can help you, i would love to know if any of this tips has been usefull to you

    Alex

    PS: Sorry for my grammar i am currently starting to learn english

  8. #8
    US-Illidan
    The Goldfapper
    Zerohour's Avatar
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    Quote Originally Posted by Mogram View Post
    This is the game changer for MoP and for Goblins.

    Blue have made the change for a number of reasons, but at the end of the day you have to be willing to compromise and take advantage of the new challenges gating provide to corner and work markets.

    If you have the time to invest in the traditional alt army, the profits are still going to be limited simply because of the way gating works in MoP.

    Believe it or not though, gating is actually a Goblin's friend - not the enemy - if you learn to adapt and exploit it.

    I'm nearing cap right now having started MoP with less than 50k liquid almost exclusively in just one market - on one toon.

    No longer do you 'need' to have such a large spread of alts to achieve good income! You have to start thinking outside the box a little, the old ways of gold generation are changing and if you can move with the times, profits are there - niche markets are thriving.

    In this respect (and getting back to your question), I'd daresay the way forward for you from here is meeting the demands of the market hidden behind gates & keep your income stream constant, but profit margins moderate (so as to not attract more competition).

    This means go after the stuff that has constant churn, but requires effort to either learn or craft. I'm not talking about daily CDs either, I'm talking about things that are gated behind Rep or BoP mat requirements only attainable at 90.
    I put up my Master of All on October 12, and currently have 8x90s, an 88, and an 87. I don't count the 46 monk yet. I like the gated concept and think anyone complaining about it is possibly new to the game. Professions used to be heavily gated and made demands that you retain the rep to make the item through grinds that weren't as easy as they made them later, this goes for Thorium Brotherhood (remember dust and turn-ins?), the Furblogs (wasn't always an afternoon, used to be days played), Insert TBC Faction Here, Sons of Hodir, and Molten Front. Molten Front was the first time they really buried recipes behind days of dailies, and I personally like that.

    Ok, I'm not a huge fan of dailies, but during Vanilla I also did the Wintersaber Grind to halfway through Revered back when it as about 50 rep per turn-in and also required you to grind rep with Darnassus so you could get the mount riding ability. I completed it in TBC when they buffed the hell out of the rep reward. I have a high tolerance for mundane and boring tasks, because I know that I have to do them to get the job done. That's just like real life, you do a job everyday and it's the same job everyday, so if you don't suffer from ADD dailies are fine.

    The key to the kingdom is get the job done, good enough to get your reward.

    I've suffered (pre rep boost mind you) 2 LWs and a Tailor to Honored GL for the recipes, 1 Blacksmith Klaxxi (yeah, just quest the zone big deal right?), an Enchanter to Revered SP and AC, and all of my 90s are now Exalted with Tillers. Of these grinds, I would say that SP/AC were the most brutal and welcome, because they limit the number of enchanters out there. Further, not everyone's main is an enchanter, and those people will not want to repeat the grind on their enchanter alt unless they're like me - committed, or should be to the local hospital. Tillers is by far the most useful and required, because without that you are forced to grind mobs for your SoH, and we all know how lazy the majority of people here are when it comes to doing something besides buying mats off the AH.

    I've enjoyed making gold from my (less than) 5 minutes farming activity per day now per character, and I have the ability to explore and exploit every single market.

    If you are merely wanting to make gold from the lesser professions (alchemy, inscription, Sha transmute) then the grind is probably not for you and you should stay with that market (speaking to anyone that qualifies here). I'm personally happy that I am now set up for the rest of the expansion, and hopefully dailies are too much for most people to stand for the remainder of it.


    Illidan Wind Trader My Anti-Gold Blogging Blog
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  9. #9
    US-Uldum/Antonidas (H/A)
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    Quote Originally Posted by Alexev View Post
    I am currently making HUGE profits by vendoring fruits and vegetables, o.O yes Witchberries, Melons, Carrots, etc, i sell stacks of 5 for 50 gold and is a very profitable low time consuming bussines (i have 2 90s harvesting them and other 86+ doing the same in low scale (you dont need to be 90 to have a 4 slot farm.
    Are you sure you mean vendoring? not selling on the AH? The vendor amount for fruits and veggies is very low..

  10. #10
    US-Drakkari
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    Quote Originally Posted by Gissa View Post
    Are you sure you mean vendoring? not selling on the AH? The vendor amount for fruits and veggies is very low..
    I wrote it wrong, i sell them in the AH

 

 
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