Tuesday, July 23, 2013

How to make gold and win at (WoW) life

*if you have difficulty reading this, pressing ctrl and = at the same time will make the images/text appear larger*


rolled a female belf dk.  admittedly, being a dk is a huge advantage.  start at lvl 55, get 12 slot bags right off the bat.  yes.  it is an advantage.  but for the purposes of this experiment (showing YOU, who has a toon already, how to make gold), i didnt feel that starting a lvl 1 toon was necessary.  you have things already that you are able to auction for profit, and now this dk will too.

i will begin by using the majority of what i have found in the dk starting zone ONLY as auction items.  some items, i will vend (food, drink, potions, etc), but most items will be auctioned; yes, even gray items.  since Kirin Tor is an RP server, just about anything with flavor text has resale value as a lore item.  haute club membership cards, soothing stones, priestly missives, all have value here, and DEFINITELY any gear that is aesthetically pleasing will have a very, very high resale value.  i got very lucky and acquired an ornate breastplate.  you should check that out on a female form if you are unfamiliar with it.  i will get money for the deposits by keeping everything i make from looting and quest rewards in the starting zone, and by selling off the items for which i have no use.  since i like the dk starting gear, i will keep it in my personal bank. :)

--

so i am officially out of the dk starting zone and have made my way to orgrimmar.  i like valley of honor best, so that is where i shall bind.  as of the time i have bound myself to VoH, i have played 4 hours, 35 minutes.  during this time, my addon called Census Plus has been scanning the server, gathering demographic information.  i have information on guilds, toon classes, races and levels.  this helps me learn who my target market should be and when the best time to start jacking up the price on lvl 40 plate is. :)


here is an image of my starting inventory.  first thing i will do is pick up enchanting as a profession.  disenchanting is probably the single most effective money-making profession for any level, and since i am a belf, i get a bonus to enchanting.  even at lvl 5, you can make 1000g/wk just on the lowest possible enchanting.  watch and learn, vato. i use an addon called Bagnon which condenses all bags into one frame.  the top section is stuff i plan on keeping to auction.  the stuff on the bottom is stuff that i plan on either disenchanting or vending.  this includes soulbound items which i have outgrown, which can be disenchanted for profit.


here is an image of my inventory after vending.  i also have an addon called MogIt.  it allows me to see how an item looks on my toon.  my other addons, auctioneer and auctionator, provide information about what the item disenchants into (5 illusion dust, in this case), and whether it is more valuable to me as an intact item or as enchant mats.  since i dont have an auction house scan for this server, i am relying on information gleaned from wowhead (via the GoingPrice addon), but since this is an extremely popular mog item, i know for a fact that it will be sold intact.  i have a lockbox.  i can't auction a lockbox, so i have to have it popped for me.  this is one of the benefits of rolling a rogue to use as your bank toon, but i'd rather have the immediate financial benefit of a dk rather than the long-term (and necessity of leveling) of the rogue.  once i finish vending, i head to the auction house to do my initial scan.  this will help me in finding out what the market value is on many items.

i find it necessary to use BOTH auctioneer and auctionator.  i use auctioneer to tell me what the percentage is.  for instance, lets say you have silk cloth that you want to sell.  someone is selling it for 2s 25c per piece.  the market value on that is about 20s per piece.  i know to buy up all that guy's silk cloth and resell it at a profit, as he is currently selling it at 10% of market value.  if you think this is an exaggeration, you are mistaken.  currently on drak'thul, silk cloth (yes, the lvl 30 silk cloth) is going for about 1.5g each.  not per stack, per piece.  i saw someone selling it for 2g/stack and bought them all.  this happens on a regular basis.  i then sold them in lots of 5, but at about 2g/piece.  this meant that my stacks of 5 were going for 10g.  stacks of 20 are 30g.  my per item price is higher, but my price point is lower.  people who only have 10g or only need 5 or 10 pieces will buy mine before they buy the more expensive one that they dont need as much of.  packaging matters.  i use auctionator to SELL items.  

here is why:

first is the information auctioneer gives me on silk cloth.

some current silk auctions, as seen on auctioneer.
some current silk auctions, as seen on auctioneer.

see the percentages on the right?  that's how much they're currently selling for in relation to the rest of the market value.  since i only have one auction house scan, this information is not wholly reliable, but it is still a good snapshot of a random time, on a random day.  

the next image is the same information given in auctionator's elegant manner.

auctionator.  so bright.  so beautiful.
auctionator. so bright. so beautiful.

i like to sell my cloth in lots of 5.  it just sells better that way.  based on the information i have gotten from auctionator, im going to buy that one stack for 19g and resell it at 1.2g/piece, undercutting my lowest competition and still making a profit, as you'll see here.


all i need to do to recover my investment in that stack of silk is sell 4 of the stacks of 5, and i listed 5.  it is a low level crafting mat and if it doesnt sell, i'll be shocked.

listing gray items is always a risk, but since the deposits on them are ridiculously low, its not a *big* risk.  it helps to go to /2 and advertise your item.  i call this "barking".  if it sells, great.  if it doesnt, oh well.  i can either vend it or re-list it.  either way, im not out much gold.

barking. not nearly as fun as biting.
barking. not nearly as fun as biting.

now on to the mageweave.  

my mageweave brings all the boys to the yard and they're like, its better than yours...
my mageweave brings all the boys to the yard and they're like, its better than yours...

you'll notice that im not the lowest on price per item, but i *am* the lowest price point, at just under 5g buyout per stack.  mine will show up first in the auction listings for people who dont have the auctioneer addon.  if anyone lists a full stack for lower than my partial stack, i will buy them out and profit from their stupidity.  i mean ignorance.  yeah.  ignorance.

for runecloth, im going to buy everything that is less than a stack of 5, even if it is at or near market value.

buy it!
buy it!

i will then repackage them in stacks of 5 and sell them for less than the next person who has stacks of 5.  that person is at 110% of market.  and heres a screenshot of how i did the runecloth in sale....

sell it!
sell it!

and another of how it appears in the listing on the main auctionhouse search.  

this, too, can be yours for the low low price of 50 MSK!
this, too, can be yours for the low low price of 50 MSK!

you'll see that my current sale price is at 103% of market value, although 2 minutes ago when i listed it, i was at 108% of market.  that is because auctioneer has updated itself to take into account all the pieces that i bought that were below market.  since im brand new to this server, anything that changes in the first few scans will greatly affect the market percentage.

you'll notice that i have a little more than 1g left over, and a few partial stacks of some items.  i'll hold on to the items, and invest the gold.  i will research the price of strange dust, since the only items i can currently disenchant yield strange dust, and i will find out what the market value of it is.  any item that yields strange dust and is selling for less than the market value of strange dust will be bought and disenchanted, selling the mats that result.  here's a screenshot of what i got for a little over 1g...

7 lovely items.
7 lovely items.

and what i got for my effort.  

4 GME, 13 strange dust.
4 GME, 13 strange dust.

since i got greater magic essence, it MAY be more profitable for me to convert them into lesser essences for sale.  i'll show you how to figure that information in the next series of shots, but first, i will auction the strange dust.  im going to sell them not at the lowest price point, but only because i dont have enough gold to buy out my lower priced competitors.  see?

sad panda. :(
sad panda. :(

but heres where it gets fun again!  first, convert just one of your greater magic essences to 3 lessers.  now, put one of your magic essences into your auctionator.  this will tell you how much one magic essence will sell for.

10g? whaaaaat!
10g? whaaaaat!

right now, i can sell one for just under 10g.  now do the same for one stack of 3 lesser essences.  

lesser sells for ... lesser.
lesser sells for ... lesser.

as you can see, 3 lessers sell for just under 5g.  its twice as profitable to sell them as a single greater magic essence than to sell them as 3 lessers.  today, i will sell them as greater essences. :)

i am left with 3s 97c.  i will park myself beside the mailbox and go play on my other toons now. :)

===================

update. :)

day 1.  sold a lot of stuff yesterday. not quite as much as i'd hoped, but about as much as i expected.  sometimes selling is slow business, and on a RP server like kirin tor where people are accustomed to going out and experiencing things themselves, rather than just buying whatever they want, this is going to be slower than usual.


so here is my take for day 1.  i forgot to take screenshots of last night... i got about 40g and then immediately reinvested it in items for disenchanting (hence the preponderance of strange dust in my bags), bought some undervalued cloth for resale and a couple other things.  all total, i spent about 25g on those things, so add 25g to the number you see there and thats roughly how much i made on the first day.  all my gray items that i listed yesterday have come back to me.  but, most excitingly, the chestpiece that i listed yesterday sold for 500g.  i need to level my enchanting, so as soon as i find a copper rod, im going to buy it, i dont care how much it is.  i also need to figure out what im going to take as a second profession.  tailoring is easy, but boring.  thats probably what i'll pick up anyway.  materials are easily gotten from the auction house, as anyone can pick up cloth.  gives me something to disenchant, anyway.

so to level my profession of enchanting, i'm going to use the enchanting profession guide located at www.wow-professions.com.  INFINITELY valuable.  it has been updated for MoP, so you can use it with confidence that you're not being led astray. :)  once i finish making my scrolls, i will check their AH value and, if they are worth my time, i will list them.  if not, they will be sold to a vendor and the money reinvested into items for disenchant.

so i leveled my enchanting skill as far as i possibly could by disenchanting items.  i got up to skill lvl 57.  now im going to move to the production phase, using the guide at wow professions.  there's a great little macro you can use for quickly enchanting.  you have to have vellums in your bag and you have to have the enchant you'd like to create CLICKED AND HIGHLIGHTED.  make the following macro and move it to your action bar.

/run DoTradeSkill(GetTradeSkillSelectionIndex());/run for i=0,4,1 do for l=1,GetContainerNumSlots(i),1 do if GetContainerItemID(i,l)==38682 then UseContainerItem(i,l);end;end;end;/run ReplaceEnchant();/run ClearCursor();

every time you hit that macro, it will create a scroll of the formula you have highlighted at that time.  quick, easy production.