People come into the expansion with different goals.
For some, it’s a race to level 80. But it’s not for me. I enjoy the leisurely tour of the new content. I want to stop and read the quest text instead of skimming through in 2 seconds and go “ok, he wants some wolves killed. Where da wolfies? KEEEEEL”. I like the rolling greens in the new expansion which reminds me of Mulgore. Some of the new quest types with the siege machines are also quite fun. The quest groups I enjoy the most are actually the death knight ones. The story element of the quests are strong and quite interesting. Even if you do not intend to play a DK, I would still recommend rolling one to enjoy the story of how DK’s come to be part of the Alliance/ Horde.
There are also people who have spent thousands of gold power levelling their professions either for the title of server first or to command monopoly pricing as one of the only service providers of their profession. Most likely the former since I’m guessing the cost of their levelling will be hard to recoup. My crafting professions lie in neglect as I wait for prices to drop. Whatever raw materials I get now, I would rather sell at a premium to those powerlevellers.
Then comes my favorite activity in the expansion, making gold! I’ve been keeping an eye on the auction house for mispriced raw materials. Since many people are busy levelling, the supply of raw materials is low. On the other hand, demand for most old world items have dropped dramatically as well. Primals for example are now going for 5g or less from 10-15g right before the expac. As there are fewer traders in the market and people are unsure of the new equilibrium prices, there is room for arbitrage. Your mileage may vary depending on your server but some of the things that are “hot” and has potential will be:
- Quest items i.e overcharged capacitator
- Things for Profession Skillups i.e leathers, gems, ores, cloth
- Things that help you level faster i.e health pots, elixirs, buff food
Things in other categories such as non-combat pets have taken a back seat though this will surely make a comeback in the coming months once the levelling phase is over. A few factors will pull prices in different directions so I’m not sure how much prices will change at the moment but I’m wary of holding too much inventory of the wotlk items because prices will surely fall as more players hit the level cap and start farming for gold. This will be partly mitigated by inflation as dailies flood the servers with gold. Unless blizzard puts in more effective gold sinks to siphon off the excess cash.
Posted by miucat on November 17, 2008
Recently, Pockie being the alt-aholic that he is, started a new character on a pvp realm. So far, we’ve only been on carebear servers. So there he is penniless, no friends, no bags and one time was so poor he didn’t have the 30c to send things to his auction house alt. And there began our new project to enrich the life of this poor orc warrior with material things. It’s been so long since I’ve gotten into money making mode that it was kinda fun.
1. Starter funds.
He picked up not 1 but 2 gathering professions – herbalism to supply the insatiable herb-lust of inscription and alchemy; and mining which supports blacksmithing, jewelcrafting and engineering. He then sends the raw materials to his AH mule who then lists them on the Auction house.
2. AH Investment Opportunities
Now with a small pool of gold from selling the herbs and ores. He currently has 35g. So now to look for things you can buy and then flip for a decent margin. I go through my usual list.
- Popular raw materials – The key to making the most of this flipping is to know your customer. Some items are more commonly used in 5s (i.e herbs for milling) or singly (i.e glyphs) or full stacks (i.e herbs for alchemy, cloth). Find out the characteristic of the buyers and put up in quantities that suit them. Even if your stack of 2 glyphs of mind flay is the cheapest per unit, many buyers are willing to a premium to buy the one listed singly, to avoid the hassle of selling the extra. What you can do is buy up the items that are in odd quantities that sell at a discount and relist them in more suitable stack sizes for a profit.
- Arbitrage for Enchanting materials – Some enchanting mats can be split from greater to lesser versions i.e greater magic essence (GME) = 3 lesser magic essence (LME). If price of GME = 90s and LME sells for more than 30s each. You can buy the GME and sell LMEs for a profit. At this point in the game, the profits are usually too small for big traders to bother with so a low level can fulfill that niche. At higher levels, you can do the same with large and small prismatic shards. Or even void crystals though there is a little more risk because the conversion is irreversible. The best part about enchanting mats is that there is no listing fee. So if it doesn’t sell today, you can still sell it tomorrow.
- Vendor bought recipe/pets – People will pay a premium for the legwork to bring the recipes or pets from the vendor, even if these are not limited supply.
3. Invest in yourself
With the new bit of money, we can now afford to spend abt 6g getting a 16-slot bag. This will help increase the amt of vendor trash and raw materials the little orc can carry before he has to make a trip back to town. We also hunt the auction house for cheap gear that can help him level more painlessly. The thing is to plan ahead and know what you need in advance and start shopping early. So at level 10, I’ll start looking at L15-21 gear that he might use and pick it up at a reasonable price since this guy won’t have a big brother to run him through instances to gear up.
These are the basics of making money that I will still go by in wotlk. The starter fund portion is already in place. So what’s next is to observe the market and see if there is a niche that you can fill. Just like how I used to fill this niche for dark silk shirts. The recipe is a limited supply recipe from a vendor and I use it to level my tailoring. For some reason people really like these shirts. So even when the recipe is grey, I still make these dark silk shirts instead of selling the silk cloth. It’s not big money but every little bit adds up. Plus I really need to clear out those stacks of silk cloth gathered from *someone’s* altaholic journeys.
Posted by miucat on November 11, 2008