Friday, September 3, 2010
OMG!!! I can't make gold!!
I hear that all the time from random guildies, people in trade, etc. However, with a little patience and a general idea of how to go about it, one can make thousands of gold with not very much effort. I wanted to point out a couple of things today that will help get you rolling with making gold in the auction house.
1. Auctioneer or Auctionator- First and foremost, get one of these addons. Stop reading this post right now and go install one of these if do not have one of them. These two addons are essential in making gold in Warcraft. They both give great tools to help you be smart with your gold.
2. "Buy low, Sell high" does not work!- When you are trying your hardest to just get your 5k for your epic flying you think the best solution is to buy/craft for cheap then try to quadruple your gold on one sell. This is not the way you want to go about handling your situation. When you set your prices at that high of a cost you will be constantly undercut all day. The one time it does sell you feel like you did well, however, your gold per hour will be very low. It will appear that you made a ton of gold, when in reality you could have doubled that amount with proper pricing.
3. Take advantage of "Special" markets- Take advantage of what I like to call your "special" markets. These are the markets that are not always going to be there. For example, take a look at your calendar. Are there any holidays this month? If so, what can you do to make gold from that holiday? If there are no holidays, what nights are raid nights? Take advantage on all your last minute raiders needing consumables, or needing new gems, belt buckles, etc. Use the "special" markets to your advantage. Timing is everything. If you can time it right you can make much more gold than you do already.
4. Do not waste time- We just established how timing is very important. So why would we waste precious time? Plan out your time spent. The goal is to be as efficient as possible. You will find that once you sit down and focus on exactly what you do you'll realize there is room for improvement.
Are there any "special" markets you enjoy taking advantage of? Perhaps, you have a time saving strategy you use. If so, post in comments.