Making Gold with Sky Golum Mount

Sky Golem MountIt’s no secret that, when it comes to the professions, I’m an avid Engineer. There’s so many cool items to craft these days and with patch 5.4 well underway I’ve been looking forward to crafting the new Sky Golem Mount.

It’s a Mount Jim

There’s been quite a few additions to Engineering in this patch, not just the Sky Golem. There’s also a little cooking companion called Pierre, a late addition called Rascal-Bot (looks suspiciously like Bad Robot) and a 36 slot bag called the Advanced Refrigeration Unit. All these items require the new daily cool-down of Jard’s Peculiar Energy Source, with an equivalent crafting cost of 10 x Ghost Iron Bars.

Item Jard’s PES Living Steel Material Cost
Sky Golem 30 30 16,684
Pierre 15 15 8,340
Rascal-Bot 15 15 8,340
Advanced Refrigeration Unit 5 5 2,458

 

Now, If you’ve been listening to the Journal of Marcus Ty Podcast with my co-host Nev you’ll know that I had anticipated that the demand for Ghost Iron Bars and Living Steel. Just before the patch I had stashed away a fair amount of both. Sure enough, just after the patch and around the 30 day mark (time for players to craft enough Jards PES) there was a sharp spike in demand for these material and I ended up selling a good portion of my stash, making a great profit to boot.

Before the patch, Living Steel was selling for 350g a bar and after the patch it rose sharply to 750g a bar on my server. There were similar price spikes for Ghost Iron Bars. My assumption is that Engineers on my server were buying up material for their Sky Golem mounts and robotic companions. If I look now on The Undermine Journal, I see at least 6 players listing the Sky Golem for around the same price of 60k. Not a bad profit.

Now, I’m close to crafting the number of Jard’s Peculiar Energy Source needed to craft a Sky Golem (I’m afraid work has interrupted by crafting). So, will I be tempted to flip this mount? I don’t think so.

Let me explain.

Sell The Material Not The Mount

For one thing, this is a cool mount and I have to have it. Secondly, there’s more profit in the long term selling materials needed to craft the mount. Competition is will only increase and there’s no guarantee that my mount would sell – maybe for weeks. Conversely, I’m pretty sure my cheaply sourced Ghost Iron Bars and Living Steel will continue to sell like hot cakes – and not just for the Sky Golem, but for a whole range of crafted gear. Provided I can source cheap mats my strategy will bring in a steady supply of gold.

That’s not to say I won’t craft the odd one or two companion bots. These look to be good compromise to tying gold up in a Sky Golem. Time will tell.

Marcus

JMT Professions Guide
JMT Professions Guide

 

 

 

 

Learning Lessons From Old Gold Making Markets

http://www.wowgoldjournal.com/wowgoldtrading/auction-house-mistakes/

When it comes to making gold in World of Warcraft I try to be active in as many markets as I can comfortably manage without the whole activity turning into a second job. This is important because as the wow gold economy churns, markets come and go. Those players that become too reliant on a single market can sometime wake up to find their main source of wow gold disappearing fast. But over the years, even the most experienced gold makers can become too attached to a once profitable market and fall victim to declining sales before admitting that it is now defunct.

In this article I’ll discuss one such market that I became unreasonable attached to and which is now defunct and highlight what gold makers can learn from these old markets. This post is part of Cold’s Gold Blogging Carnival.

On any one server in the wow universe there are many thousands of items to trade on the Auction House. So it’s best to categorize these items and break them up into discrete markets. When it comes to the wow gold economy I like to use the built-in Auction House categories to describe these markets. One such market that I’ve always traded is the Pet or Companion market.

Now, before patch 5.0 hit the servers I had come to rely on this market as a steady contributor to my gold income stream. But competition can be a little tough so I traded in the sub-market of mechanical pets which I had come to dominate on my realm. Identifying a niche market in a much broader market can be a good way to reduce competition on any given server. And one companion that I always traded, week in and week out, was the Tranquil Mechanical Yeti.

For the Engineers among you, you’ll recognize that this mechanical companion is very simple to craft, but can sell for many times it’s cost of materials. In fact the only problem with this recipe is that it needs hard to grind materials, such as Globe of Water,  Elemental Air and Earth which tend to have a low drop rate. To combat this I set up a shopping list in TSM called ‘Yeti’ which I ran daily to scoop up these items for crafting, while at the same time depriving my competition of the necessary material and reducing competition.

But as in the real world things change and with the coming of Mists of Pandaria and Battle Pets this market, and the demand for the Tranquil Mechanical Yeti, underwent a rapid decline. Now there are many reasons for this and Cold has written several good articles on the subject, so I won’t repeat them here. I’ll only describe some of the macro-economic changes that can result when Blizzard adds new features to the game.

One reason for the decline that I will mention is that companions became available account wide and many players had multiple companions reducing demand. Now, when Blizzard makes a change like this it normally has a big impact on the supply and demand curves in the wow gold economy. However, so ingrained was my daily TSM scan and crafting routine that I continued on my merry way manufacturing the Tranquil Mechanical Yeti.

But after Patch 5.0 players  focused on Battle Pets (there is even an Auction House category for this type of pet now) and my little Yeti kept coming back to me in the form of expired auctions, time after time. I even noticed a huge increase and price drop of the mats needed to craft it. Eventually, the penny dropped and I realized that this niche market is as dead a parrot in Monty Python sketch – at least for now. So, what have I learned from this market?

Well, every new patch brings change to the wow gold economy and the markets from which it is composed. Nothing stays the same – not in the real world or in wow. New markets are created (Battle Pets) and old markets decline (many mechanical pets). As gold makers, we shouldn’t  get wedded to any one particular  market lest we end up like an ex-parrot (dead).  Successful gold makers adapt to the ever changing markets of the wow gold economy. To quote Henry Ford: “Failure is simply the opportunity to begin again, this time more intelligently”.

Marcus Ty

JMT Professions Guide

JMT Professions Guide

Engineering Gold with Tinker’s Gears

Mists of Pandaria EngineerEngineering has always been one of my favorite World of Warcraft professions with so many wacky items to craft and wondrous flying machines build. Yet many players shy away from Engineering when it comes to making gold, thinking it too costly to level and with too few items to craft for a profit. Now, while this was certainly true in some of the earlier expansions, Engineering in Mists of Pandaria has been given a boast with the addition of many new items to craft, providing players with a greater opportunity to make gold.

Gears of War

Having now leveled my Engineer to Zen Master I’ve found some surprising items to craft for a profit. The items in question are Tinker’s Gears. These are in fact an Engineering Socket enhancement, the latest form of the ‘Cogwheel’ in MoP; but, unlike Cogwheels, which had to be purchased from a vendor in Wraith of the Lich King, gears are simply crafted from two Ghost Iron Bars at an Engineering skill of 550.

Here are a list of current Tinker’s Gears:

Gear Enhancement
Flashing Tinker’s Gear +600 Parry
Fractured Tinker’s Gear +600 Mastery
Precise Tinker’s Gear +600 Expertise
Quick Tinker’s Gear +600 Haste
Rigid Tinker’s Gear +600 Hit
Smooth Tinker’s Gear +600 Critical Strike
Sparkling Tinker’s gear +600 Spirit
Subtle Tinker’s Gear +600 Dodge

Selling To Engineers

Now, I have a rule which says that I don’t normally sell items tied to a specific profession as players with that profession can normally craft their own. There are a few exceptions, one being the selling of various bolts to other Engineers, which they seem to gobble up on my server; the other is now Gears which have been selling like hot cakes. They sell from between 25-75g each on my server, but only cost me 7g to craft – the cost of two Ghost Iron Bars. A great profit by any standard.

Seeing More Ore

To sweeten the pot, my Engineer is also a Miner which means a steady supply or Ghost Iron at little cost (there is always the cost of time to gather the ore and as we know, time is money). Here is one last tip: make sure your Miner is equipped with a pair of Mist-Piercing Goggles. You’ll be tripping over the additional nodes of ore with these in your bag.

Marcus Ty

JMT Professions Guide

Engineering Gold in Mists of Pandaria

Mist-Piercing Goggles
Mist-Piercing Goggles

Don’t listen to the nay-Sayers out there who tell you that you can’t make gold with the Engineering profession. Over the years, I’ve made thousands of gold with my Engineering Mage of Stormwind, across all expansions. Now with the release of Mists of Pandaria there is even greater opportunity to make gold with this profession with the addition of some new gear and gadgets.

I’ve always had an Engineer in my army of alts in World of Warcraft, mainly because I just love crafting the crazy gadgets – not to mention the exploding sheep. But in Mists of Pandaria, there are some new and lucrative items that players with the profession can craft and which can be sold on the Auction House for great profit.

Gathering and Crafting

Now I’ve always maintained in all my guides on making gold that it’s best to pair a crafting profession with a gathering profession. With Engineering this would be Mining. So it will come as no surprise to you that my Engineering Mage is also a Mining Mage. The Mining profession nicely compliments Engineering which requires large amounts of various metals and in Mists of Pandaria the main metal in demand is Ghost Iron. So, any device or gadget that helps farm Ghost Iron is of great value.

I Can See Clearly Now

The gadget in question is the new Mist-Piercing Goggles. Since crafting these for my own Mage the number of Ghost Iron nodes found has increase about three fold. The other good news is that they are BOE and so can be traded on the Auction House for much gold and do not require Engineering as a profession for their use. They also work for herbs making them ideal for all Herbalists. There is also a nice feature:

“While these goggles are very fashionable, they don’t have to be work to receive their special benefit.”

In Summary

  • Ghost Iron Bolts (8); Spirit of Harmony (2)
  • BOE
  • Works with Mining and Herbalism
  • Does not require Engineering
  • Do not have to be equipped

Never Leave Home Without One

I’ve sold a few of these for around 2,500g on my server where they have been very popular. The biggest downside is that they require 2 Spirit of Harmony which can be slow to grind. The up-side of this is that they should command a higher price and exclude those players who throw up gear on the Auction House for below market price. I’ll never leave Stormwind without them!

Cheers

Marcus Ty

If you liked this post then check out my Professions guide which is part of my Journal Series of Gold Making Guides.

JMT Professions Guide