Monday, January 23, 2012

Tell Me Again WHy You Aren't Making Bags?

So you’re a tailor? You are the crafter of storage space and low level cloth greens. Are you using your profession to its potential? Most tailors are not and that doesn’t bother me because where they fall short I step in and cover the market.

Bags and Spellthreads are the key for any good tailor to keep up with his Jewelcrafting and Inscription brethren.

Before I get into the post too far let me talk about materials. For the two techniques I’m gonna tell you about below you will need in bulk…

  1. Embersilk Cloth – All you can get your hands on
  2. Hypnotic Dust – 15 required for bags so stock up heavily
  3. Chaos Orbs – 4 per dreamcloth, stay with me for this

I typically am able to buy Embersilk Cloth in any amount I want for around 3.5g per piece but there are occasions and they occur quite regularly where someone will flood the market with 500-1000 cloth for 3g, 2g, or less each. BUY EVERY SINGLE ONE! Below I’ll give my average cost and profit per bag, but if you get cheaper mats then your profits can soar quite quickly.

The same strategy holds true for Hypnotic Dust and Chaos Orbs. If a large supply (or even small supply) hits the market for under market value…. Buy them all. Don’t leave a single one up there that your competition can use to drive their costs down as well.

Embersilk Bags: If you are a tailor and aren’t making these simple bags then you are costing yourself literally 1000’s of gold per week if not per day. An Embersilk Bag costs 15 Bolts of Embersilk (75 Embersilk Cloth) and 15 Hypnotic Dust to craft. On my realm (Fenris) you can acquire Embersilk cloth for an average of 3.5g per cloth almost every day in any amount you’d like. Hypnotic Dust goes for under 1g most times on my realm. All characters want bigger and better bags and with Illusionary bags being as much as 10x the cost of Embersilk bags they will jump at the prospect of swooping up your much cheaper Embersilk bags. This market isn’t much as far a fluctuation goes. It is a consistent gold maker that is there day and night. You don’t even have to babysit your auctions on most servers because even if you don’t have the lowest priced bag it will still get bought before the duration of you auction runs out.

75 Embersilk Cloth x 3.5g = 262.50g
15 Hypnotic Dust x .75g = 11.25g
Total Cost per bag = 273.75g
Average Profit per Bag = 66.25g

Powerful Spellthread: This is a market that more people tend to play in because they feel the need to make their dreamcloth on cooldown. You can basically make 1 per week per volatile with 30 of any given Volatile (life, earth, air, water, fire) and 8 bolts of embersilk cloth ( BUT what some are still yet to find out is you can also make an unlimited number of dreamcloths via Dream of Destruction pattern). The Dream of Destruction requires the same 8 bolts of embersilk but only 4 chaos orbs! On my realm you can get chaos orbs for anywhere from 25g to 50g each. But they average around 35g. These Spell threads sell for an average of 350g each!

40 Embersilk Cloth x 3.5g = 140g
4 Chaos Orbs x 35g = 140g
Total Cost per Spellthread = 280g
Average Profite per Spellthread = 70g

So diversify your markets. Make Spellthreads and Embersilk bags. You can easily clear 1000g profit per day with more than 2000g not at all abnormal. If may not seem like much compared with JC or Inscription but it is a constant market. Bags are needed by every toon and spellthreads by every caster.

You could always go out and farm you materials and lower your production costs but I prefer to still be able to paly the game as well as make gold. The earning potential is up to you!

Until next time this is Audem Gold signing off......... Profit???

Sunday, January 22, 2012

Hello all fellow Azerothian's. I've been inspired to create my own blog to share whatever knowledge I can about the World of Warcraft economy and auction house tips and tricks. I'll also be sharing all the ways and practices I've been using to make gold in the game.

I was inspired to begin this blog after reading and learning from some of the best such as Power Word Gold & The Mogfather and many more to mention in my first post.

A little about my "toons". I have two level 85 characters with (Enchanting, Tailoring) & (Herbalism, Alchemy). I have 2 bank alts both level 1's on the two factions on my realm. I also have various other characters that are of no relevance as of now but I have big plans for those too! Let me make one thing clear, if you are here to learn from Bill Gates you would be better off to check some other blogs and guides out. I am not a WoW millionaire. In all honesty I only have about 105,000g to my entire account. It would be much more but I'm a compulsive spender and horader (hey we all have vices, at least I don't sit in the bar in Silvermoon and drink virtual whiskey!) and if I see it and want it I usually grab it. But neway tips and tricks is the name of the game so without further delay...

Working The Auction House Like a Pro 

  1. The very first piece of advice I can give you is to get Auctionator, Auctioneer, and Trade Skill Master. These 3 addons are worth their weight in WoW gold without a doubt. I couldn't imagine being a greedy goblin without them.
  2. Undercutting: Do you want people to buy your items first? Of course you do! Now before I go further let me state that there are certain circumstances where undercutting isn't called for and when the time comes we'll talk about that but for now I'm going to teach you how to Undercut if you don't already know. If you want to place an item on the Auction House and there is already one listed you ideally want your item to sell before the competitors correct? If so there are two ways to go about this. I will typically list my item for 1c less than my competitor so that my item appears first. Buyers see my item listed first on their list and make the purchase based on where it is located on the screen.
  3. My last point in this first post is also on the subject of undercutting..... If there is say an inferno ruby listed for 230g and you want to sell one then list yours for 229g 99s 99c or 229g or even 225g but for the love of God please don't list it for 195g. You are not only costing yourself gold but all others in the market will lose gold as well over the long run due to the fact that you are driving the price point down (again there are times to drive it down) which is a bad thing for all yourself included.
In conclusion I know this wasn't much of a post and most (if not all) that will read this already know all of the things I've talked about and there will be more in depth posts on a wide variety of things to come in the future but until I figure out how to write a blog instead of just doing the things I do in game this is the best I can do for now.

In upcoming days and weeks we will talk Tailoring, Enchanting, Flasks and Transmog.

To get yourself a head start on the transmog check out Keelhaul's Mogging lists on The Hatchery. The man is a genius.

Until next time. This is Audem Gold signing off........ Profit??