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.