WoW Economy Weekly Wrap-Up
WoW Economy Weekly Wrap-Up
Hello! Welcome to the 115th edition of the WoW Economy Weekly Wrap-up!
My name is
and I am a content creator focusing on making gold using Professions and
. I have a number of guides over on
and I also stream my adventures on
. If you want to see previous articles, they are all archived
here on wowhead.com
How to actually make money on a HIGH pop realm!
expanded on an often quoted phrase "understand the market" and broke that down into what that actually means for them on a high population realm.
I see dozens if not hundreds of comments a day that simply say "understand the market".... and personally that seems like completely useless information.
I currently play on Illidan (US/Horde), and this realm is famous for being one of the worst to make money on.
I do not use any trading / auction / crafting addons at all, and I am going to tell you how I make 100k daily with minimal effort. This information may not match your realm, but the general idea behind it is transferable.
The Undermine Journal is your best friend. Use it to your advantage. You can check historical prices, and check for patterns. For example, I noticed that for the last few weeks, Osmenite Ore was selling consistently around 22-24 gold each with a few high/low swings, but generally always going back to around 22-24. So I log in this morning, see that it dipped down to 18.81g /ea, and picked up 500k worth of ore (26,581 ore). Now we have to get rid of this ore, and still make a profit. Quickly after I bought out the low priced ore, it bounced back up to 23.57g /ea. I keep a few thousand on the AH at the lowest price (to avoid larger than needed repost fees), and refill it once it sells. In addition to this, I also spammed trade chat selling the ore bulk. I found a buyer willing to take most of my remaining stock for 20.15g/ea. In total, each ore netted me a profit of 1.6g /ea, which equates to a profit of around 42.5k gold.
BoE flipping profit is at an all time high. It's going to be rare that you flip a BoE for 500k+, but it does happen and i've managed to do that twice since 8.3. Most flipping profit will come in smaller margins. Example: Today there were a bunch of 460 rings on the AH, two of them listed for 70k, and the rest 99k+.... I picked up the 70k rings, and relisted and sold both within the hour for 99k gold. That's 24k per ring profit after AH cut. In my opinion, rings are best to flip as they're not class specific, they're cheap, and the stats (haste, crit) are desirable on most class specs.
In around 1-2 hours invested time, and not a lot of capital up front, i've turned a profit of 100k, and this is something that im able to do daily. I don't always do ore's, I always check The Undermine Journal for popular mats, and wait for the dip and buy big quantities, knowing that the mat will consolidate, as they always do (based on historical charts).
I hope this information helps you out more than the typical "understand the market" comment.
This is a very informative post and a great example of actual specifics that worked for them. Would this work on other servers? Almost certainly once you have an idea what the average price is. In this case "understand the market" really means "know the numbers".
Also, there is a related post when it comes to flipping -
Potato's 8.3 flipping profile
I as many others was worried that the AH revamp would kill flipping as we knew it. Turns out that wasn't the case! yay.
This profile includes almost every item in the game, sorted into groups based on DBRegionSoldPerDay. I realise this isn't a very accurate way of measuring how many sales we could expect, but it's nice to use as a reference when comparing items.
You can search in the shopping tab for specific item ranges at specific prices e.g. /110/120/i266/100g will search all items in the level range 110-120 with and ilevel of at least 266 and less than 100g.
Extra tip, you can favourite these searches for reference later. For more information, see the
TSM support page
And to continue the theme of making gold on a High Pop. Realm, u/MrMullem posed a similar question looking for
ideas as to how to make gold on a high pop server
and u/Lvl16 suggested raid mats and potentially Island Expedition transmog ...
Quick answer? Raid mats. Though unfortunately they are taking a dive (at least on my server atm) since 8.3 is a bit stale and visions are becoming easier and easier.
Farming isn't just for the multis though (I solo gather, sitting on 16million), check prices on your server for zin'anthid + anchor weed. There are usually always anchor weed farming groups up in LFD all the time, makes getting a stack pretty easily (200 for 30k in less than an hour not bad) Zin is a little harder to find, but I'll ask in /1 if anyone is "herbing out here and wanna party up" to maximize yield. Joining a group with a multiboxers nullifies their impact on your farming.
Island expedition transmog is still selling pretty well, but that's not as dependable as gathering profs.
Komlit - To Be A Gold Maker - Part 1
has started a new series going over the basics of gold making, what addons he uses and how to think like a gold maker and the resources that are out there.
Qyune Brutosaur Challenge Write-up
Last week, we posted
's result of getting the Brutosaur mount. This week, he has written a very detailed
guide on how to get the Brutosaur mount
. It draws from the previous write-ups he has made as he went through the journey. I won't repeat it all here as I encourage you to look at the full article on Reddit. Here is a little snippet ...
Do you just farm herbs and ore?
In short, no. Since a lot of my farming happened in Nazjatar, I would often break away to kill a rare that could drop a nice pet or kill things for the Rubbery Flanks. If you are the type to burnout easily with gathering, it may be worthwhile to try to incorporate some sort of grind for valuable items to break up the monotony. Also, occasionally completing world quests may give Mana Pearls so that I could buy a pet and then sell it. Just make sure you are having fun. There are a million different ways to make gold, so find a method that is most enjoyable for you and find a way to derive gold from that. However, just to be clear, I would estimate 80% of the gold came from herbs and ore.
All in all, the methods used are consistent and approachable by anyone with the time and inclination. It's certainly not too late to get the Brutosaur, but I would encourage anyone considering it to start as soon as possible!
Transmog Selling - 50 Times Every Dungeon
Now that the expansion is winding down before Shadowlands, many will be turning their eye towards other achievements and collections and some will be looking to fill out their transmog collection. Now is as good a time as any to look into potential sales.
Running lower dungeons can be fun for many, and if you can make a bit of gold on the side, then even better! However, this does come with a couple of caveats ..
Transmog typically takes a long time to sell, be prepared to keep on relisting for a long time. Patience is key.
The value you see is not always the value you will get, so you can't really equate this to gold per hour.
Results can vary wildly, so mitigate with large stock, the flip side being that large stock can get unweildy to manage.
That said, do what's fun for you and if this ticks that box for you, then by all means go for it.
u/xSkyss has started
a series of running every dungeon 50 times
and posting the results.
have done similar runs in the past, it's always nice to see a fresh perspective and data.
have been completed. I look forward to seeing this expand further.
1.| Blackfathom Deeps - 50 times!
- Raw Gold + Vendor gold : 2.750 g
- Total Greens drop : 298 greens | Greens that i keep (70) : 314.937 g (Region Market Value Avg)
Total for blues: 116.625 g (Region Market Value Avg)
- Random mats / herbs / ores : 7.137 g
- TOTAL GOLD FROM 50 RUNS --- 441.449 GOLD IN LOOTED ITEM VALUE!
2.| Blackrock Depths - 50 times!
- Raw Gold + Vendor gold : 7.665g
-Total Greens drop : 574 greens | Greens that i keep (121) : 288.962 g (Region Market Value Avg)
Total for blues : 340.795 gold (Region Market Value Avg)
Total for Epics : 121.100 gold (Region Market Value Avg)
- Random mats... :
Note: Taking mining while farming this dungeon highly recomended.
From mining i got 637 Dark Iron ore : 36.946gold
Other mats: 9.453g
Total for mats : 46.399gold
Dala GG - 5 Best Transmog Farms 8.3
Continuing the theme of transmog,
has released a compilation of what he considers to be the 5 Best Transmog farms as of 8.3...
A Day in the Life of a Gold Maker
This was an interesting topic brought up this week by
People often say "I made 5 million gold in 3 months" and when asked how much time they spent per day - they say "30 minutes a day of reposting".
Expulsom creation can be very time consuming and I was wondering - do people genuinely spend 30 minutes a day and make millions or is there more to it?
Now, I'm sure this will have as many different answers as players, but it's a worthy consideration when working out how much gold you make and what time you have available to dedicate to gold making.
From my own perspective..
I log on each morning to re-list my auctions. Sometimes not at all, sometimes for just 10 minutes. If I'm lucky, I'll get up to half an hour to do a full re-list and possible restock.
A couple of evenings in the week I'll be able to play for an hour or two and do some proper restocks/bracer shuffles.
At the weekend I may get another 1-4 hours and then 3 hours stream time. That covers all my professions and a little bit of time to progress a character into new markets.
Here are a few from the reddit post ..
Once you get your systems in place, things take much less time.
One day every week or two, depending on my mats stockpile, I put wow up on my second monitor and make bracers and scrap/DE for enchanting mats while I work. (I work from home.)
On a normal day, I'll log into my AH toon, repost any auctions, run a vendor search (you'd be surprised what you find), and then check to see if there are any deals for the mats that I use in professions. I use operations that only return results when the mats are below the price threshold of what I'm willing to pay. If there are results, I buy it out, dump it in the bank. TSM operations make it so with a couple clicks, I'm done.
I check my professions. With crafting operations for my groups, I just click and my crafting panel is filled with what's profitable to make. I cycle through all of my toons doing that, making whatever I can if I already have the mats. Use a mailing operation to send it all back to my AH toon.
Back on the AH toon, I get whatever mats I need from the AH (TSM is very handy; the tasklist will tell you how much of what you need and even run an AH scan for you when you open the AH). Mail it out, post what I've gotten, cycle back through and craft the rest of the stuff I'm posting. Mailing operation to my AH toon, post the last of my items, do a last search for deals, and then I'm done. ETA: Most of the time, I already have a stockpile of the mats I'll need on hand so I can just craft and send without having to go back to my AH toon to buy mats. But there are times when something runs out.
Might sound like a lot, but it usually takes about half an hour. I like to maximize my time, so I usually read a book or listen to a podcast while my characters are crafting.
i have 2 accounts so most of the time spent on the bankers is time im doing dailies on my main
daily: i log onto 2 characters after work and spend 20min reposting about 300 crafted items; do shopping scans for cheap mats
every 48h or so: i log onto 1 character to repost my xmog stock, it takes about 1h to post 800 items
weekly: a crafting operation, usually about 200 items and restock on a bunch of things
I recently came back to the game after a year hiatus once I heard the longboi was going away, so my playstyle is somewhat driven by my goblin activities. I play on a single account, so I've been getting my profession toons to 120, working on rep where needed, etc. Most of my actual goblin routine boils down to:
Daily - Play, level, do WQ's, and have fun. Check for deals on mats with my bank/AH toon, and have them relist any expired auctions. I only cancel scan the "fast moving" items like food, potions, and enchants. If I get to sit down and play for a few hours at a time, then every 15 minutes or so, I'll do a cancel/report on these as needed
Weekly - Do a restock of anything I'm low on with my profession toons. I'll aim to either farm some Zin'anthid or look for a good deal on it on the AH for postions & flasks, craft up food, a few enchants, etc. I'll also see if there's any crafted mounts I need to reacquire mats for. If there's nothing else pressing, I may do a couple of transmog-farming runs for giggles and see if I can get anything else to throw up on the AH.
As you can see, these are an interesting insight into the various methodologies of gold makers. What are your routines? Please do share them in the comments..
Most of this information was discussed and originally posted on the
subreddit or in the accompanying
. You can also catch me streaming live on
on Sunday from around 7PM GMT UK Time (2pm Eastern Time) for the WoW Economy Weekly Wrap-up live on Wowhead.com, or you can tweet your feedback/thoughts via Twitter at
I hope you found this useful and If you have any suggestions or feedback, please do say so in the comments below..
Until next time, Happy Goldmaking!
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