Gold Secrets – Timing The Market
Posted on January 27th, 2010 by Lawbringer under Alchemy, Auction House, Death Knights, Economics, Efficiency Tips, General Tips, Gold Building, Gold Farming, Raiding, Supply And Demand, Tips, Trade Skills, Tricks, World of Warcraft, WotLKWhen And What You Post Can Make A Big Difference
This one hearkens back to an old saying – since some of us are older than others (and I’m not sure they even use this phrase much any more) an intro is in order.
“That guy could sell [snow cones/refrigerators/ice cream/(anything cold)] to an Eskimo”
Yeah maybe – but wouldn’t he sell a LOT more snow cones to people in Phoenix, Arizona? I mean there are some people that are just born with a certain amount of arrogance, and it is quite natural for that to directly translate to e-peen. In other words, why go out of your way to sell the worst possible items at the worst possible time in the worst possible way just to prove you can sell something. There is another old saying that I like quite a bit better:
“Work smarter, not harder.”
That, in a nutshell, is our entire gold-making system. You can go farm, you can track hundreds of items, you can depend on your main toons’ crafting professions, you can spam trade chat, you can sell ice in Northrend . . .
As for me, I prefer smarter. Now, being smarter doesn’t mean you’re some sort of genius. All it means is that you track what works and what doesn’t work quite as well. Then you have to filter that information to find out what really works best based on some sort of quantifiable number. We can all be very subjective about things, being smart is when you set your preferences aside and just make a cold, hard decision based on cold, hard facts.
And that’s what we did. For two years we tracked everything about everything we did that had anything to do with gold in any way. What we came up with is a way of making gold that is based on a very simple root – time.
For a few years, I was a personal trainer. I did the same thing with working out. I hate working out – HATE IT. So when I found a system that cut the time requirement down to the bare minimum and got even better results – I could do that. And it was so simple I could teach other people how to do it as well. The cool thing is that it works every time, for every person, regardless of age or any other factor.
And the idea rubbed off into everything else I do. So when I started in WoW, it wasn’t long before I realized I needed more gold – a lot more. So I applied the time factor to everything I did to make gold – and I did it all.
- My first 1000 gold farming copper, tin and bronze in Darkshore (pretty nub stuff)
- Grinding mobs for cloth
- Farming SMGY
- Farming rares for twinks
- Crafting blues
- blah
- blah
- blah
That was pre-BC. Around the time the Burning Crusade came out, I was full tilt into the AH. And what I found was that I could make more gold at the AH in less time than any other method. And not just a little more gold – a LOT more. I could scan the AH for under-priced stuff other people had farmed (copper, cloth, twinkitems) and then just re-list it for a profit and never leave IF.
And that is why I never farm – ever. There is always someone else out there willing to waste hours and hours and hours and hours and hours of their time and sell those farmed mats to me for under market price – it’s the silliest thing I ever heard of. Then, for about 2 minutes worth of work, I can turn right around and sell those mats for market price and make 15%-50% profit.
If I was just doing it with copper and tin it wouldn’t amount to much really. But when you do it for EVERYTHING – it turns into a lot of gold really fast. But I have digressed egregiously from our original premise – well, sort of.
When you begin operating an AH-only methodology, you get a really good feel for how the market moves. And you don’t have to be anal retentive to sense things. Today we’ll look at just one timing tip that can make a big difference in how fast you make gold on one type of crafted item – and time is everything.
A few days back we posted the article: Best Gold-Making Professions On Bank Alts, which was a follow-on from the article: Alchemy – WoW Quest Tricks. Both of those articles bring us to the real point. If you’re going to use a bank alt for crafting professions (which you should) there are some professions that fit bank alts better than others. Alchemy is a great fit for a bank alt.
If you’re going to use alchemy on a bank alt, you need to be an elixir master for the procs of extra elixirs and especially flasks. Since you’re getting the mastery for flasks, you will want to be selling those flasks for maximum profit – and now we come to the point.
As you scan the AH for things to sell throughout the week, the temptation is to just post them as you get them. For certain categories, that works well – such as mats. Mats are like a little black dress or blue jeans, always in style in every season and decade or day of the week. We only resell items (armor, weapons etc.) on weekends when the most people are on (especially the nubs who don’t get to play all that often). And there is a best time for other things as well.
For flasks, it’s Tuesday. I know I know, big surprise, but it’s an easy thing to overlook. After server reset, everyone is rushing back into ICC or doing the weekly for their frost badges, or even VoA for the week and the demand for flasks goes from a trickle to a roar. And since there is a huge demand spike on Tues, there is a corresponding price spike potential.
If the raid leader requires you to flask and there are only 10 flasks on the AH (all yours btw) then you will pay whatever the price is or you don’t raid. Pretty simple when you think about it. Buy up all your flask making mats during the week and on the weekends (especially from the farming goobers who are killing time on Sat afternoon). Then on Monday brew up a few dozen of each. Tuesday morning you can throw all your flasks up on the AH (even buying out the other guys selling too cheap), corner the market, and quite easily double whatever you spent on mats.
So:
- Get you a DK
- level to 68
- get elixir mastery
- buy up flask mats during the week
- make flasks on Monday
- buy out cheap flasks Tues
- sell all flasks Tues
- make another 1,000g a week
- Dominate
It’s when you start stacking things like this that you really start to get rich in WoW. Find a sweet spot for alchemy, Inscription, JC, DE, resale, mats and whatever else you can get your grubby little enterprising hands on and pretty soon you will never want (or need) to pick another weed, kill another mob or swing another pick as long as you play WoW. And, you’ll have a LOT more gold to boot, which is quite simply – Dominating.
















This is good stuff, alchemy does domintate. And please don’t go transmute spec and proc any extra epic gems especcially if you have a toon that can cut them becasue 7-12 epic gems per week is way less profitable than flasks
The only problem I see with that is the Frost lotus on my server is never ever (I repeat never) below 70 g and flasks usually sell between 40 and 45, and go as low as 35 so a big profit is just not in the making unless you farm (yes, the dratted 4 letter word) Frost Lotus (at 2-4 per hour).
Great Post. Thanks for the information. Now, can you also tell us the great secret to staying in shape and losing weight with the least amount of effort you mentioned here. That would be a great post for all of us dominators who spend a lot of our spare time playing WOW. Thanks.
lol – that would be a web site all it’s own. Ive actually been toying with blogging about it – so I may pop back in and post the site here when it’s up and running. and yes, it’s the perfect way of not turning into a complete watermelon while sitting at your desk.
Azshrond, the secret to losing weight will come when Blizzard brings the wii into play as part of the game. Imagine a wii only PVP or dungeon. See that blade go snickersnack.
I love these articles. I could really use that weight loss thing…And I don’t wanna pay $19.99 for a link to a website that tells me to drink a ton of water, snack not scarf, and sleep regular hours. LoLz though I leveled a DK last week and am just getting into the 300s for my alchemy and enchanting on him…Not like my herbalist doesn’t already dominate enough…Get 10k and don’t worry about gold forever…Unless you like to spend money on your own gear of course.
This is another proof as to why enchanting and Jewelcrafting are the big daddies on making gold. Flasks peak out on resets. Glyphs peak out on patch/updates. Crafted items peak out when they first premier.
But enchanting and Jewelcrafting are always in demand. Every time someone gets a new piece of gear (5 people every second according to a statistic I made up), they have to get it gemmed and chanted.
Also, when do people buy glyphs? When they hit 80, or when they change specs. When you change specs, you’re also likely to re-gem and re-chant all of your gear. So when you makes money as a scribe- someone else is probably making just as much, if not more, gold from the same customer as a chanter/JC.
With this in mind- your main professions should be selected from JC, chanting, and alchemy. Your first alt should pick up the 3rd profession, and one other.
Close seconds as far as profit include Inscription, Leatherworking, Tailoring, and blacksmithing. All of these have other “enchantments” that don’t fall under enchanting. I would suggest getting one that gives the enchantments needed by most of your characters (EG, I’d only take tailoring as an alt profession if I had a caster)
My DK in BS/Min and I have waited until 80 to lvl either. Personally I cannot face giving some random the satisfaction of paying 5-10g for a stack of measly copper when I can go to the barrens and grab 2 stacks in 30-45 minutes. Also I see the merit in skinning as a profession for one of your roaming alts as even light and medium leather is exhorbitant on the AH and needed for BS etc…
These gathering/farming profs go hand in hand with lvl progression and questing – as well as fill up your bags in timely fashion when on a long trip… lol. I don’t think you have to be a total IF/ORG (whatever) magnet to make gold, otherwise you risk losing the essence of WoW; exploring and enjoying a whole lot of cool experiences (esp. on pVP servers).
Yemaydespair – Gundrak
If it takes you 45 minutes worth of farming to get 10g worth of copper, that is a serious misuse of your time. Spend 45 seconds on a quest, make your 10 gold, buy it of the AH so some little lvl 10 thats doing the legwork can afford his ‘of the monkey’ bracers, and get on with your day.
Yemay do what i do i own the AH along with 4 other main players on my server and when iam on alts i do it your way as i go .the point law makes is dont go out of your way to farm for gold have an AH toon that earns your gold while you go explore the rest of what wow has to offer and really Dominate ..ANIBOW
I hate you guys! I have been getting crazy rich off this strategy and now you expose it to all! Luckily I guess, people lack patience and fight each other dropping the price 10-15 g allowing me to buy them all and hold them until AH is bare and set my own price
Hey, great post, i just added up the total I should be getting tomorrow, with weekend prices, and it is almost 4k gold. Thanks for the tip! One question though, what stack size sells the best without being undercut by 30 other auctions? Im thinking stacks of 5s and 10s, but I’m not too sure.
Thanks