WoW Economy Weekly Wrap-Up: Epic Gems, High Frequency Posting, Goblin Addons & Discord Milestone + Giveaway!
WoW Economy Weekly Wrap-Up
Welcome to the sixth edition of the WoW Economy Weekly Wrap-up!
If you're new to this series or want to re-visit past posts, you can
check out the previous articles right here on wowhead.com
My name is Gumdrops and I’m the lead moderator for the
and the accompanying
. I am also the Support Manager & User Evangelist for
, the Auction House addon suite for World of Warcraft. I hope to cover and showcase some of the interesting topics, discussions, content and guides that have been going on over the last week in the gold making community. Some that you might have missed as a veteran gold maker, or you might be interested in checking out for the first time as a new or aspiring ‘goblin’.
The format will not be that of a traditional guide, but links to further reading with commentary and opinions of my own. I will be looking at the bigger picture, the decision making and thought processes in being a gold maker – rather than a step by step instructional list. As the saying goes, “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”.
Professions and Materials
With week 2 of patch 7.3, more profession related questlines were unlocked. If you're about to log in to the game for the first time since the weekly maintence, you can catch up on what's to do in the
Wowhead.com survival guide
The new +200 stat gems were made available (with
prices reminiscent of early Legion Jewelcrafting
), along side the Jewelcrafting helms, which prompted a major increase in demand for the new
ore, as tracked by TradeSkillMaster Accounting data:
With these additions Jewelcrafting is a firm favourite in terms of professions and trade materials in the community at the moment.
/u/Alinbar shares his excitement
I just got home from work to a nice surprise!
I've been buying up Empyrium for the past few days between 18-30g each. Earlier today someone destroyed the market and the only listings were at 250g each...decided to post some at various price to see what would sell. I'm happy with the outcome. (Although I now wish I had posted more at the higher prices)
As always there are lots of data sharing/collection posts for prospecting the ore, giving you a better idea of what kind of prices you should be paying and what kind of gem yields you can expect.
Prospecting 3000 Empyrium
Prospecting 3800 Empyrium
Prospecting Results - 17,290 Empyrium
Prospect 5820 Empyrium results
Prospect 5000 Empyrium Results
Prospecting results 4,500 Empyrium
Prospecting 7780 Emyprium!
Using this data,
/u/YLOS also shared a simple spreadsheet to calculate profit points
(don't forget to click File > Make a Copy):
Link to spreadheet is here:
Hit me up if you have any questions! I'm also in the TSM / WoWEconomy Discord server.
Lucid Nightmare Found
This time last week, the
frenzy was reaching a peak. The pattern had just been rediscovered and the Secret Finding Community were desparately trying to find the next clues for the
. The entire puzzle has been completed now and the mount has been found.
Head over to the comment section of the mount for a full acquisition guide
/u/Almostgomy discusses his mask successes
For me, it netted an okay profit somewhere around the 500k mark with a few masks still listed on AH. How did it work out for the rest of you guys and gals?
/u/nebraskapc got in early
Sargeras Alliance. Paid
350k for the recipe like 3 minutes after it was figured out. Sales are still rolling afaik. Out of the house right now, but prior to leaving a couple hours ago I was just over 3M.
Many other people shared numbers ranging between 20k and 750k, but some weren't all that interested in jumping on the bandwagon.
Didnt even try to get into the market. Once word got out everyone was trying to get in on it and I doubt any of the people that did have the mats or recipe actually made much of a killing.
Over 60 masks on my AH right now. I managed to sell like 4 pieces of silk for over 1k, but that's as far as I got in this market. Way to much of a cluster **** and not worth the risk.
Kudos to the people who made the killing though.
Old World Dungeon Changes
An interesting and undocumented change was discovered by dungeon farmers this week - gold and item drops from monsters in previous expansion instances were quite heavily nerfed. This made farming quite worthless for a short time and complaints were made on
the official forums
Speculation drove theories and conjecture on the reasons, causes and intent behind this change. It could be to combat inflation, or increase the rarity of particular transmog, or combat users of 3rd party tools to cheat the game, amongst many others. Within a couple of days however, an entry in the Developers Hotfix blog noted the following:
Dungeons and Raids
Humanoid mobs in low level dungeons should drop gold once again.
Discussion is still ongoing if loot drop rates have been reverted to exactly how they were before patch 7.3 - if you have any data or experiences to share, please comment below or tweet me
A fantastically detailed guide was posted on the subreddit this week from /u/Azerothbank;
"So you want to be a High Frequency Poster?".
Instead of duplicating the entire post here I'll pick through some of the highlights and encourage everyone to
read the full post on reddit
. High Frequency Posting tends to deal with primarily high volume markets like Gems, Enchants, Potions, Flasks, Food & Obliterum.
I've been playing the AH on and off since Cataclysm, on Mal'ganis and later, Kel'Thuzad (early MoP+). Early on, I would generally make gold based on buying and reselling raw materials in bulk based on speculation on price jumps. I discovered the insane profitability after making a poor buy of about 400k worth of chaos crystals in September 2016 (around 1k ea), which then crashed to 350-400g. Desperate to recoup costs in any way, I started looking into having enchanters craft enchants for me. After seeing just how fast I sold through my stock while posting casually, I started to ramp up and later, branch into other markets. HFP give you the potential to capture a large percentage of the total AH sales for any particular product. On one of my best Tuesdays, I earned 3.5 million gold in sales. 1.5-2.5 million gold in revenue on Tuesdays and Wednesdays was common.
As I've mentioned before, nobody can expect to become rich overnight, or understand the intricacies and nuances of gold making simply because a decision was made to become a gold maker. /u/Azerothbank started out around 7 years ago and has had a lot of time and experience to help influence decisions. They even note that their latest foray in to gold making stemmed from a 'bad' investment, but was able to turn it around in to a profitable exercise through research and persistence.
For someone just starting out or, in my case, returning after a few month break: I start using a few search strings to check the markets, 2-4 times a day, over 1-2 weeks to get a solid idea of pricings. In addition to just checking the lowest prices, be sure to check the pricing curves of all items listed.
The next part of your research involves understanding the content that players are using your consumables for. Keep an eye on upcoming patches that introduce content that might cause a sales spike, or profession changes that change the crafting process or profitability of certain items.
Prepping for a raid or other content release generally begins weeks to months ahead of the raid opening. Leading up to a release, I tend to slowly accumulate raw materials anytime I see deals pop up. Don't hesitate to jump on a large buy if the deal is good enough. Caveat: this can definitely involve some speculation on future prices, and as such, there is risk involved.
Advanced: If you can make some educated guesses at the % chance of different price changes, you can get a pretty good idea of expected value and risk involved. If in worst case scenario you're breaking even, it's always worth it to make the buy. If you have a good idea of the odds and the return, you're going to come out ahead. In poker, your AA isn't going to win every time, but over repeated runs you'll have the greatest return.
Understand the affect that the raid cycle has on sales timing and sales volume. The first week or two after a raid release will push your sales peak later in the week, as guilds clear content much slower. As guilds progress and start to clear faster, sales increasingly shift towards Tuesday and Wednesday. Towards the middle and late stages of a tier when everyone can clear raids in a single night, sales will heavily focus on Tuesday. Late stages of a tier generally mean lower overall sales volume, as upgraded pieces of gear are rare.
All of this information stems from a lot of experience as has already been said, and
I touched upon this in a recent Wrap-Up
. /u/Azerothbank then goes on to discuss purchasing materials and then crafting with them:
There are two ways you can do this. The first way (which I preferred) is to have a network of crafters that you can tip to craft for you. Having a network of crafters gives you a way to avoid having a ton of alts with maxed professions to manage(this was also a huge advantage when it came to crafting rare gems, as I had JCs that would always sell me bloods. Now that epic gems are available, this advantage is reduced.) It also gives potential competitors an alternative income source that can keep them out of the market.
The second way is to have an army of alts with JC, Enchanting, Alchemy, and Cooking. Good combos such as Leatherworking/Enchanting (for
), Mining/JC, Skinning/JC (for
), and Herbing/Alchemy are particularly valuable.
There is a slew of other incredibly valuable information
discussed in the rest of the thread
selling the crafted items
. Another highlight is identifying the different kinds of potential competitors and how to respond to them:
In and out (1-2 posted):
These guys will just post something once, then go back to doing something else. Small undercut - ignore and keep posting. Large undercut - snatch it up quick, relist.
Low volume, small undercut:
Ignore and keep posting.
Low volume, large undercut (2-5 posted):
These guys can be a bit dangerous if you don’t know all your competitors. If you know they’re not going to relist, or if you /who them, and they’re off doing other things, grab them. If not, either test them as a competitor and buy them up to see if they list more, or just accept the price drop.
Medium volume, small undercut:
These posters can generally be ignored. Sometimes you can cooperate with them to do resets, just ask.
Medium/High volume, large undercuts:
These posters are one of the most frustrating to deal with. Every time they see you undercut they drop the price a significant amount. They can sometimes start out with small undercuts then graduate to larger once in a futile effort to push you out. Substantially reduced profit for everyone involved. It generally hurts them more than you if you play the AH more. There can be rare opportunities during back and forth postings if/when they cancel everything to cancel your own and relist at whatever the price was before the back and forth started. Cancel your own intermediate posts more often to make a quick pull and bump faster if this happens. If a third poster gets involved it can lock prices lower without much opportunity to reset or bump prices. My strategy (RISK INVOLVED if you have less gold than them) is basically: be relentless, if they’re reckless enough to push into profit loss territory follow them and stick with it till they log, then pull out of that market temporarily until prices rise again. If they continue the strategy over time (weeks+) move into any market they post in as much as possible any time they’re around. Send the message that it’s self-destructive for them to try and push you out. Some still won't learn, though.
High volume, small undercuts:
YOU. Another "you" can get dull and repetitive quick. Make sure you’ve got Netflix or a stream to watch on a second monitor. If you’ve got a properly set up TSM, at worst you’ll be splitting sales with them evenly. Stick with it, first one out loses. I’ve only met 2 other posters who ever had the tenacity to go head to head with me for more than a week. In the end, one let me buy him out; the other started avoiding my post times.
This kind of Auction House play would generally overtake your ability to do anything else in the game, unless you had a
second account to make your gold on
while you continued playing your main account. The dedication and time required to maintain this level of competitiveness is a real turn off to some people but can obviously be incredibly lucrative and entertaining.
As I said I would wholeheartedly recommend
reading through the whole guide
, I have only cherry picked a couple of excellent discussion points from it and there is a gold mine of information to learn from - with thanks to
Besides the big guns like
etc, there are plenty of other addons that can help a gold-maker increase efficiency or improve quality of life.
/u/Flynx123 asks for addon recommendations, with some great suggestions
. Here is my collated and curated list:
Acki's Recipe List
Acki's Recipe List aka ARL is a very handy tool that was introduced before the 'Unlearned' tab was implemented in to the default profession window. It identifies patterns and recipes that you character does not know then allows for filtering by location, acquisition, expansion and much more. It's a modular system so you only need to install the corresponding profession module that you are interested in.
Cecile's Recipe Tooltip
Another recipe related addon, this one will attach an additional tooltip to any pattern or recipe that creates an item, the extra tooltip will be of the item that is crafted which would then also contain information or data from other addons like TSM or TUJ pricing data. This helps in decision making on purchasing recipes, or identifying if you have the recipe on another character when you can see crafting costs from TSM.
World Quest List
This one is a bit more well-known however is very useful for quickly identifying active World Quests in Broken Isles and Argus to help you decide which one's to complete. Easily seeing the
quests or any work orders that provide the Rank 3 recipe you've been hunting for saves a lot of time!
NomiCakes displays how many recipes are learnable from each ingredient on Nomi's work order options, and how many of that ingredient you have in your inventory. This stops any wasted ingredients and helps you focus in on any missing recipes you might be fishing for. I personally would have named this addon
, since afterall Nomi is the best chef in Azeroth.
Filtering out your servers Trade channel is important to be able to see the actual trading going on,
as /u/Vhaea points out
. BadBoy will hide all of the RMT spam, guild recruitment,
spam, and anything else you want to filter by keyword.
AuctionValue is a super simple addon that adds your total Auction Buyout to the Auctions tab of your Auction House:
Improved Loot Frame
Another super simple addon, this one will increase the size of your loot window to display more items without having to click through the different pages.
Inventory management is vital to a gold-maker. Bagnon is the one-giant-bag conversion, which recently received an update that supports patch 7.3. ArkInventory is another popular choice for TSM users, your groups can be used as inventory categories for very easy filtering and management in your bags.
Despite recommending an addon to remove spam, I am also recommending an addon to handle sending periodic messages to your Trade channel. If you're regularly buying trade materials in bulk or are hunting for particular items you can use this addon to post a message about it. Please keep in mind the frequency at which the message is posted, don't go overboard!
FasterLoot is a newer addon among the many that try to speed up your looting. However this one is designed with other addons that use the loot window in mind, such as LootAppraiser and TSM Destroying. Sometimes you don't want to loot as fast as possible, just a little bit faster.
All of the farming tools featured in my previous Weekly Wrap-Up
are all excellent addons to help improve your farming efficieny. Another addon to include in your farming toolkit is
, this adds an actionbar-like overlay to track specific items that you're farming so you don't need to keep checking your bags. It allows you to set goals or targets and counts down how many more of a particular item you need to finish your task.
In other news, the
/r/woweconomy & TSM Discord server
reached an amazing milestone of
members! Community growth and participation has been constantly increasing since launching in December of 2016. We have been celebrating with giveaways all week, with winners picking up
codes. A grand-prize in the form of a
Twilight pet and Luminous Starseeker mount bundle
is currently active and you still have time to participate
For your chance to win during our next giveaway you can enter the next giveaway by joining the
and reacting to the GiveawayBot message as shown:
Most of this information was discussed and originally posted on the
or in the accompanying
. You can also catch me
streaming live on Twitch
every Tuesday and Saturday from 5PM UK (12 Noon US Eastern) answering gold making and TradeSkillMaster questions, or you can tweet your feedback/thoughts via Twitter at
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