Enchanting For Profit – Reducing Competition

Greater Cosmic Essence SalesI’ve been hanging out in the Pig & Whistle of late, waiting for Blizzard to fix the Mac MoP Beta problem they created with their latest patch. After downloading approximately 19GB of data, it turns out that the latest build was not compatible with Mac version 10.6.8 (Snow Leopard). While waiting for the next patch I decided to take another looking at Enchanting on my server to see if I could squeeze more gold out of this market.

Enchanting For Profit

You may remember from my last post – Enchanting For Profit – I described the basic ways you can make gold with this profession: either craft profitable enchanting scrolls or be a net supplier of enchanting material to the market. I described the basic techniques of the two strategies in the post.

Avoid Competition

Taking a look at the Enchanting market on my server this week I noticed that the competition for many scrolls had heated up. Players had decided to enter into a cut-price war, squeezing the profit out of many of the more popular scrolls. In this situation, I normally try to avoid such wars (who’s got the time) and look for strategies that reduce competition in the market and yet still provide a profit. Given all the activity with players crafting scrolls, I decided to look at the prices of some of the more popular dusts and essences and thought it would be better to become a net supplier of these mats to the market.

Make Em and Break Em

As before I turned to The Undermine Journal and surveyed the prices of those dusts and essences that were peeking in demand. As is often the case, this turned out to be Infinite Dust and it’s partner Greater Cosmic Essence (GCE). I described some of the basic ways to ‘gather’ these mats from the Auction House and by crafting in the previous post.

However, during my survey of the enchanting market this week I noticed that some mats were out of kilter which could provide me with a profit. To understand this, I must first explain a basic goblin principle of gold making called ‘Make em and Break em’. Simply put, certain mats can be broken up or combined for a greater profit than the original item.

Abyss Shatter

In this example I noticed that stacks of Abyss Crystals where being sold below the market price of their constituent material when ‘shattered’ (possible at enchanting 445) : Infinite Dust and Greater Cosmic Essence. By gobbling up cheap Abyss Crystals and shattering them into more expensive Infinite Dust and Greater Cosmic Essence I would make a good profit with little or no competition.

Hidden Profit in Conversions

The globlin principle of Make em and Break em can be used across a wide range of material and is a form of arbitrage between the various forms. I describe many such strategies in my Auction House Secrets series of gold making guides. These type of conversions are a great way to unlock hidden profits of the Auction House and helps you avoid competition when it surfaces on your server.

Cheers
Marcus Ty
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The Marcus Ty Auction House Gold Guide

WoW Gold Guide – Enchanting For Profit

The Enchanting Profession can be a great way to earn gold in World of Warcraft, but many players struggle with the task of finding cheap and readily available enchanting mats. So, I thought in this short post I’d run through the basics of making easy wow gold with the enchanting profession.

Craft Profitable Scrolls

My Enchanting alt has been relaxing of late, building up his strength for the release of Mists of Pandaria when it finally emerges from the beta. But I thought it was time to get him to rustle up a few scrolls  for the Auction House to take advantage in the increase in price of  some of the basic enchants on my server. So, I dusted off some old Enchanting vellum and set about gathering some enchanting mats.

There’s nothing like the smell of musty enchanting vellum first thing in the morning!

Enchanting For Profit

Now, there are two basic ways to make gold with the enchanting profession:

  • Be a net supplier of enchanting mats to the market
  • Craft profitable enchanting scrolls for the market

Which strategy you use will depend on the market on your server. Sometimes the supply and demand of material on your server will dictate that you sell the mats; on other occasions it will be more profitable to use the mats to craft scrolls. At the end of day, the wow gold economy will dictate the best strategy.

Finding Cheap Enchanting Mats

In truth, I sometimes play both strategies depending on how active I have been in gathering enchanting material. But where to find a cheap source of enchanting material?

I use the following strategies:

  • Buy enchanting mats at below market price (that means cheap)
  • Disenchant surplus crafted gear from players leveling their profession
  • Craft Uncommon and Rare items using your other professions

My enchanter, when not resting, is constantly scanning the Auction House for cheap enchanting material and gear to disenchant. On many an occasion, the market for enchanting mats will crash. I then become a net buyer and place them in the bank.

Players leveling their professions are constantly dumping their crafted items below market price on the Auction House. I use the Auctioneer addon advanced search for this, setting the search criteria for the level of gear to provide me with the dust and essences I need or are in demand on the Auction House. I’ve written a detailed guide to using Auctioneer in my Auction House Secrets gold making guide if you want full monty on this.

The nice thing about using Auctioneer, apart from being very quick, is that you can be relatively sure that the search listings it produces will provide you with a profit based on the current market price of the Auction House.

If you have leveled another alt with another profession, say Jewelcrafting, then it’s possible to craft Uncommon and Rare items of gear to disenchant. This presupposes that the resulting material is cheaper than if you bought it straight from the Auction House.An example would be the crafting of Canelian Spikes to DE to Greater Celestial Essence and Hypnotic Dust.

For those that want the skinny on making wow gold using the professions, I’ve included a dedicated guide as part of my Journal Series of Gold Making Guides. For less than a small pizza you can own the complete set.

Cheers

Marcus Ty

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