If you have been following my exploits in the Warlords Alpha you may recall my last short video explaining how I built my first garrison on Frostfire Ridge. The Alpha has now merged in the Beta and I have now created another (Alliance) character in Shadowmoon Valley. Having now explored some of the new zone I’ve created a new short video showing you how I expanded my new garrison to include an Alchemy Lab. I also give you a peek of the new zone.
I’m continuing my journey into the depths of the Warlords Alpha which has now morphed into the Beta – at least that is what my application client tells me. While in the Alpha phase of the development I was able to create a Horde Shaman and explored the initial phase of garrison building. But a passing comment in a blue post today stopped me in my tracks:
If this is true, then the merging of faction Auction Houses will have a large impact on the wow economy. Traditionally, each faction’s Auction House trade independent of each other, creating, in effect, two separate economies on the same server.
Now, for those new to the wow gold economy you may be thinking to yourself: so what? But as Auction House goblins know all too well the size an Auction House matters and in-balances between populations of factions on the same server can greatly skew the pricing across a whole range mats and items that are commonly traded.
Remembering that the current Warlords development is only just out of the alpha phase, I decided to log in and conduct a little test for myself to see if in fact the Auction Houses were indeed ‘unified’.
So, I created a Horde character called Maakin and placed him in Orgrimmar. I had already created a human Mage – Zan – and placed him in Stormwind. I then placed a simple mat (small glimmering shard) on the Horde Auction House and attached a silly price of 11,000g to it:
I then logged off and logged on to my Alliance character and searched for my character’s Maakin’s trade:
An sure enough it was there on the Alliance Auction House!
But, what of the neutral Auction Houses run by those irascible goblins? I headed down to Booty Bay and checked it out:
Yep, there is was. So, the Blue Post would seem to hold true. All auction Houses have been merged!
For many new players, this won’t be a big deal. For those that have been playing the Auction House for a little while and have accumulated pricing data in an addon, they may see large swings in prices when the expansion breaks until the various markets stabilise. Of course, the biggest shock will be to those Horde players used to trading in small population Auction Houses. For those that have mastered the art of trading, this initial surge in activity will seem like a ripple upon the sea of the wow gold economy; for others, it will seem like a tsunami.
I’ve been chilling out over the holidays, fighting my way through a mountain of Christmas Pudding and cream, so I haven’t spent a great deal of time in the Auction House. I’ve also parked my army of profession alts for now, giving them some respite from their endless toil of crafting. It’s at this time that I like to look back over the year, reflecting on my gold making and deciding the success and failure of various strategies.
When I look back over my blog I’m surprised at the amount of content I’ve produced this past year. This is in part a response to others in the gold making community spurring me on and providing me with hints, tips and suggestions for blog posts and articles. It’s also a response to my followers and subscribers who regularly tweet and email me with a variety of ideas and suggestions for future topics or simply to ask me for help.
Now, I knew in theory how a Podcast worked and what I had to do, but knowing something and doing it are two different things. It’s what I tell new players when it comes to making gold in the Auction House: you can read about this stuff all you like but sooner or later you just have get in there and be a player. Needless to say I turned to Jim for advice and being a supportive kind of bloke, he pointed me to one of his many articles on the subject to get me on track. So thanks to Jim the Podcast got off to a good start.
Now, Jim and I have been gold-capped for many years. In fact, I’ve lost count of the millions of gold Jim has accumulated. I idle between 1-2million gold across my various alts, but Jim keeps ploughing on accumulating more and more gold. When I remind Jim that it’s only virtual gold, he always replies: ‘Yes, but it’s my virtual gold!’ This inspired me to write a post for Cold Blogging Carnival called What Drives a Gold Maker earlier in the year.
Episode One of the JMT Podcast launched on March 16th. If you listen to the first show – just for a laugh – you’ll hear this British guy banging on about the Auction House in a very formal BBC voice. I’ve since been asked to do the ‘Shipping Forecast’. A lovely lady from New York wrote on iTunes: ‘Don’t know anything about making gold, just love listening to the British accent’. If you want to start your own podcast I would always recommend interviewing a guest or having a co-host.
As it turns out I was fortunate to interview Erik Dekker of the blog The Golden Crusade and Cold of the blog Cold’s Gold Factory for some great episodes. But it was when interviewing Nev of the blog Auction House Addict that things really clicked and Nev has been my co-host on the show ever since. It’s largely thanks to Nev’s input into the show and her relaxed style that the show has continued to gain followers and remains interesting to do. In fact Nev and I can talk for hours on any subject. So much so that I normally have about three hours of material to edit down for the one hour show each recording session!
It was around about the same time that Trade Skill Master 2 was released. There were many changes to the program and some players were unhappy about having to re-learn and reconfigure the new program. Needless to say the new changes were eventually well received. It was during that time that I received a lot of requests for help on setting up the new TSM2 so I wrote a review come mini guide: TSM2 Review and it became a regular topic on the JMT Podcast.
As we moved through summer I searched and explored new and not so new markets to exploit. I went back to basics and made a good profit snatching undervalued items from the Auction House and flipping them. This technique works best if you employ a little automation so I wrote a post on how to set up Shopping Lists in TSM2.
As the summer waned , Blizzard was preparing to launch the next patch 5.4. Nev and I discussed how to prepare for the new patch in Episode Eleven of the JMT Podcast. I explained that I had been buying up stacks of Living Steel, anticipating the demand from the new Engineering recipes that were in the pipeline. I must have spent around 70,000g on Living Steel at below market price of around 300g on my server in preparation.
Patch 5.4 was released in September, around the time of my birthday. Nev was kind enough to sing me ‘Happy Birthday, Mr Co-Host’ in the breathless style of Marilyn Monroe in Episode Thirteen of the JMT Podcast which, needless to say, went down well with our listeners. Nev went on to give some tips on questing on the Timeless Isle. In the Auction House I made a killing selling all of my stock of Living Steel for around 550-600g a bar over the first week of the new patch.
As the Summer greens of the leaves in my little corner of England started to turn to the yellow ochres and reds of the Fall, I spent more and more time grinding on the Timeless Isle – or TimeSuck Isle as one follower tweeted. I became obsessed with trying to complete the Noodle Cart quest and it became a topic on the podcast and in a post called Dude, Where’s My Noodle Cart. Always ready to talk about food, Nev and I discussed Cooking and the secondary professions in the making of Warcraft gold.
As patch 5.4 wore on I noticed spikes in the price of Living Steel as players set about crafting the new Engineering recipes. Once they had generated enough of Jard’s Peculiar Energy Source they would splurge their gold on Living Steel to make the new Sky Golem Mount. There was a big debate on whether, as gold makers, we should craft the mount and attempt to sell it on the Auction House or simply keep the first mount. I expressed my view in the post Making Gold with the Sky Golem Mount.
As the Fall turned to Winter I revisited making gold with Pandarean Cooking. This got me back into Fishing – which is not the fastest way to make gold – but it aloud me to chill out, away from the endless grind of the Timeless Isle. It also inspired me to write the post Making Gold with Ben of the Booming Voice.
As the year came to its end Blizzard finally announced the new Warlords of Draenor expansion. There were going to be changes to the professions and levels that I thought would affect the Warcraft economy and I summarized my thoughts in the post Warlords Expansion Gold Making Impact.
I had made so much gold during the last patch that I maxed-out the gold limit on my banking alt 999,999.99. and had to post the surplus to my other alts to receive my sales. I was by now just keeping my crafting and trading ticking over. I needed a new incentive to keep making gold. I mentioned this to Nev so we decided to devote the last few shows of the podcast to making gold at the lower levels and I wrote the post Making Gold By The Seashore which also became the topic of the podcast. The final show and post ended the year with the Making Gold During Feast of Winterveil and Nev having to put up with my bad jokes.
So next year Nev and I are planning more topics for the podcast and I’m going to start my Horde project. I’ve always played mainly Alliance characters and next year I want to create a new Horde character and level to 90. From a gold making perspective I will blog about starting out with zero gold and see how much I can accumulate on this new character. I’ll still be discussing more advanced topics and as usual, searching out new markets.
I’m also in the process of writing a Kindle version of my guide Auction House Secrets which I hope to release in the New Year. So watch this space.
Until the next time this is Marcus Ty wishing you a happy and prosperous New Year!
My Dad always told me that you can’t teach an old dog new tricks. What he didn’t tell me was apparently you can’t teach an old gold maker old tricks! At least when it comes to making a profit. There are many strategies in World of Warcraft for making gold but not all of them are suitable across all the levels. To make gold in WoW you need to be able to maximize the capital sitting in your bags as efficiently as possible to turn it into more gold. That, Friend they call making a profit.
It can be hard for some of the old gold makers out there to remember what is was like to make gold in the early levels. They look down from atop their pile of gold at those just starting out in the game and deride their efforts because, well it doesn’t meet with their lofty standards. What they forget is that the gold making strategies they use as mature gold makers are not always suitable for players new to the game and the Auction House. So I wasn’t too surprised when one old goblin took me to task for the selling of Small Eggs at this time of Winter Veil.
Now I shouldn’t be too hard on the old goblin because it’s easy to lose sight of some basic gold making principles when you have a few quid in the bank. As a mature gold maker myself with several million gold scattered over several alts on my main server, I try hard not to make the same mistake. In fact, many of you who follow me will know that my blog is dedicated to helping new players make gold in the game. The strategies I use as a mature gold maker with several level 90 alts, maxed-out in various professions with a million gold under my belt are not the strategies I teach to new players trying to level their professions with little spare capital to play with.
Which brings me to the selling of Small Eggs during the time of Winter Veil.
Now for some reason this seemed to upset my fellow gold maker (who I really have a lot of time for). Surely it was beneath us to make gold this way? And during the holidays!
Selling Small Eggs, he states, is something of a legend. Now, if what he meant was that it’s a great way to make gold in the early levels, he’s right! I always try to use the selling of Small Eggs as an example of the 5 Goblin Principles of Auction House Trading:
Sell what players need
Sell at the right price
Sell at the right amount
Sell at the right time
Sell at a profit
If you have read my earlier post you’ll know that selling of Small Eggs during Winter Veil works time after time. This is because you’re selling what’s in demand. Of course you have to sell them at the right price and at the right time. In my example I farmed for 15mins and posted my 4 stacks of eggs on the eve of Winter Veil in stacks of 5 at 500% market price (they were selling on average 0.90g an egg on my server at the time). The next day they all sold making me a great profit.
My fellow gold maker wasn’t impressed. I had spent 15mins farming my eggs and this was not an efficient use of my time. Well, this is true and I always say that grinding and farming are not the most efficient ways to make gold. In my Post Making Warcraft Gold During Feast of Winter Veil I state that:
The quickest way to make gold is the Auction House.
But if you’re a new player with little capital it helps to know where to farm small eggs – even if it takes you 15mins. At the lower levels, you’re probably grinding those mobs anyway.
Now, if as a new player you can afford to buy Small Eggs during off-peak times for silver from the Auction House you’ll probably make just as much gold, only more efficiently. In fact Small Eggs on average were selling for a little under 1g before Winter Veil and anywhere from 5-10g each during the holiday. If I had bought my eggs from the Auction House for 1 g and sold them for 5g (not a huge mark up) I still would have made a 400% profit. In fact many players tweeted me to say that it what they did.
My fellow gold maker was still not impressed. No, cranking out gems with your Jewelcrafter is the way to go. It only takes 1.5sec a gem.
I love this kind of logic. He’s assuming, of course, he hasn’t had to buy the ore or spend an age prospecting it as part of his time. But lets assume he buys his uncut gems from the Auction House and crafts them into more profitable cuts – a great gold making strategy, providing you have the capital and have leveled your Jewelcrafting to make profitable cuts. Most cuts at the early levels of a profession are just not profitable. And that goes for many of the professions.
And he’s also assuming he sells all his cuts on the first Auction. More likely he spent the first day of Winter Veil standing by the mail box pickup up his expired sales while players queued in the Auction House to buy my Small but profitable Eggs.
Here’s wishing all my fellow gold makers – new and old – a happy holiday and a profitable New Year.