Post Patch 5.3 Blues

Primal Diamond
Primal Diamond

I received a great deal of feedback from my last post and podcast on the topic of making gold in the new Patch 5.3-Escalation. Many players complained that many of their gold making techniques that had shown a profit pre-patch 5.3 no longer worked as well post-patch 5.3. A case of Post Patch Blues, perhaps or did the WoW Gold Economy drastically change? In this post I’ll try to add some perspective to these comments and try to guide players to new gold making markets.

In my last post and on my Podcast – The Journal of Marcus Ty Episode 06 – I mentioned that patch releases are more tweaks to the game, rather than big upheavals, so as gold makers we shouldn’t see a great deal of change to the WoW Gold Economy. Sure, there’s going to be slight variations in markets, but nothing that would throw the economy out of kilter for any length of time. We didn’t, for example, see changes to any of the major cooldowns – Living Steel, Sha Crystals, Magnificence of Leather – or changes to major materials like Mote of Harmony. Instead, Blizzard made changes to the stats on PvP gear which seems to have caught many players off guard and sent their gold making markets into a spin.

Narrow Focus

Players reading my last post all complained that their previous sales of gems with stats of PvP Resilience and PvP Power all tanked and ‘nothing worked’. I had a similar experience with these gem cuts and enchants, but as mentioned previously, cuts of gem with basic stats of Strength, Agility, Stamina, Intellect, Critical Strike and Expertise took off and continue to do well. Here is a summary of what continues to sell well on my server.

Best Selling Gem Cuts Post-Patch 5.3-Escalation
Gem Cut Attribute
Delicate Primoridal Ruby +160 Agility
Brilliant Primoridal Ruby +160 Intellect
Sparkling River’s Heart +320 Spirit
Stormy River’s Heart +160 PvP Power
Solid River’s Heart +240 Stamina
Guardian’s Imperial Amythyst +160 Expertize, +120 Stamina
Veiled Imperial Amythyst +80 Intellect, +160 Hit
Deadly Vermillion Onyx +80 Agility +160 Critical Strike
Smooth Sun’s Radiance +320 Critical Strike
Piercing Wild Jade +160 Critical Strike, +160 Hit

 
The exception to my gem cuts was Stormy River’s Heart which pre-patch 5.3 was down to 7-8g per item. I thought this too low and bought up all gems on the Auction house and re-posted them for 80-90g an item post-patch 5.3. I sold most of my snatched gems at the price I wanted and made a great profit. The reminder I have off-loaded onto the market at between 30-40g an item. Still a profit but these cuts are no longer great sellers.

For those players that are still having trouble selling their gem cuts I would suggest going to the The Undermine Journal and looking at the prices of the gem cuts on your server. Alternatively, try the site WoW Popular which will steer you towards the more popular cuts of gem. When it comes to Jewelcrafting, it helps not to be too narrow with respect to the items you sell. Mix it up a bit and try to home in on what’s in demand on your server.

Uncut Gems

My Jewelcrafter continues to do a roaring trade in all uncut gems on my server, both Uncommon and Rare types. Demand remain high and above market price compared with pre-patch levels. Because Uncut, Uncommon Pandarian gems are in demand on my server I’m having to prospect for them. This would normally be expensive if using Ghost Iron Ore, but as I mentioned in the JMT Podcast – Episode 06, I’m buying up very cheap stacks of Kyparite. It seems that folks are content to dump this ore on my server without giving much thought to prospecting.

I rarely prospect ore these days – Times Money, Friend – but I make the exception with Kyparite. As long as folks keep dumping, I’ll keep prospecting. The Uncut Uncommon gems are then sent to my Alchemist who transmutes them into Uncut Rare gems and sends them back to my JC. As long as I can get hold of cheap or market price Golden Lotus, this remains a valid strategy, making me 50-100g profit per gem.

Primal Diamond

But my best seller has to be the Primal Diamond. Again my Alchemist transmutes a combination of 6 Rare Pandarian gems to make one Primal Diamond. This costs on average 300 gold. These sell on average for 450-550g an item, making me a great profit.

Summary

If you’re new to making gold in World of Warcraft then it can be unsettling when old and familiar markets shift with the release of  a new patch. It’s easy to get stuck in a rut and continue on the same old routine. All markets change over time and some disappear forever, but as gold makers we have to be on guard and continually adapt our gold making strategies to the subtle changes in demand that comes with every new patch. Reduce your risk to these changes by being active in more than one market and always look for ways to reduce your cost of materials.

Here’s wishing you more gold in ya bags!

 

JMT Professions Guide
JMT Professions Guide

Journal of Marcus Ty Podcast – Episode 06

Journal of Marcus Ty Podcast

Journal Podcast

Welcome to episode six of the Marcus Ty series of gold making podcasts. In this episode your host, Marcus Ty, discusses his gold making successes and disappointments with the recent patch 5.3-Escalation.  Marcus takes you through his gold making preparation for patch days in general and explains how he uses his professions to craft for gold to take advantage of the rise in demand that can occur with a new patch.

 

This show was recorded on Monday 3rd June, 2013.

[MP3] Episode 6 – Making Gold in Patch 5.3
iTunesSubscribe to the Journal of Marcus Ty on iTunes
Add the Podcast to your RSS reader or iTunes directly.

Show Notes

  • Welcome to the Pig & Whistle, Stormwind.
  • Post patch blues.
  • Patch Preparation.
  • How my patch predictions panned out.
  • Gold Making Professions used post patch.
  • Contact Marcus Ty.

Resources mentioned in the podcast:

WoW Auction House Guide
The Marcus Ty Auction House Gold Secrets Guide

Making gold From Old World Markets

Arcanite BarsAs makers of gold in World of Warcraft there is a risk that we become stuck in the rut of crafting only the latest of gear or trade in the latest of material. In this post I’ll explain how trading in gear and material across the expansions can make you easy wow gold and reduce Auction House competition to boot.

On Episode 4 of the Journal of Marcus Ty Podcast I was discussing some of the techniques I use to reduce competition in the Auction House. One technique which I use regularly is to trade Old World gear and material. Now, when I say ‘Old World’ I’m talking about gear and material from several expansions back, as opposed to a few patch levels. So I now consider Old World to be the expansions Classic, Burning Crusade and Wrath of the Lich King. Cataclysm is still fresh in the minds of many players to be considered ‘Old World’ but items of this expansion can still make a profit if you study demand carefully.

A good example of an item that can be traded for a great profit from Classic WoW is Arcanite. This metal can only be crafted by Alchemists, which helps reduce competition for even more. It’s relatively simple to craft:

Transmute Arcanite Bar
1 x Thorium Bar
1 x Arcane Crystal

I’ve posted about making gold from Arcanite before so won’t repeat myself, only to mention the one limitation to crafting this item which is sourcing Arcane Crystals. Unlike other gems, Arcane Crystal cannot be prospected, they can only be obtained from mining Thorium ore directly. The result is that they are not that abundant on the Auction House which limits my Arcanite production.

For those players that love to farm ore (and some folks do) there are a few locations in Azeroth where Rich Thorium nodes are particularly abundant and which give the highest chance of an Arcane Crystal:

  • Winterspring
  • On’Goro Crater
  • Silithus

I’ve been trading Arcanite for a few months on my server now with little to no competition and for a great profit.

Keeping with Alchemy, I have started to trade Potion of Invisibility on my server. Again, this is a simple item to craft:

Potion of Invisibilty
1 x Sungrass
1 x Ghost Mushroom

Like Arcanite, there is one item that is hard to find on the Auction House which is  Ghost Mushroom. However, all ingredients are easily farmed from the On’Goro Crater with Ghost Mushroom found in the Cave known as Fungal Rock.

There is still a strong demand for Potion of Invisibility on my server; it tends to disappear fast (sorry) and commands a high price.

Another item I tend to trade on my server for a great profit is the metal of Titanium. Again, there are few players trading this material despite strong demand. With little competition on my server I tend to control the market and command a high price. Again, I utilize my Alchemist to good effect by buying up cheap Saronite ore and transmuting to expensive Titanium. If you farm the ore directly, then the profit margin is even greater.

I’ve so far given three examples of the items I trade on a regular basis on my server from past expansions, with the focus on alchemy as the profession. But there are numerous other examples that I could give across the three expansions mentioned and across all of the professions. By looking hard at your particular set of professions you should be able to identify niche material and gear from past expansions that you can trade with reduced competition and for a great profit.

Resources

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

Gold Making Strategies – Arcanite Bars

I’ve tweeted (#AuctionHouseSecrets) recently of my success at selling Arcanite Bars on my server for a good profit and thought I’d take some time to write a short post, exploring the rational behind this gold making strategy.

Arcanite BarsAt first blush it might seem that selling this Old World metal wouldn’t be very profitable, but you have to look at the underlying market to understand why you can still turn a very profitable buck with this item.

Part of the success of this market is that the metal is still relatively in demand. It’s currently used in forty nine crafting recipes – mainly Blacksmithing and Engineering, but there’s a small number of uses in Jewelcrafting and Tailoring. If you have read my 5 Goblin Principles of Auction House Trading, you will appreciate that demand for an item plays a key role in the success of  any trading strategy.

Another reason this trading strategy works is the scarcity of the metal. If you are a Blacksmith you will have probably been frustrated by the fact that you can’t smelt Arcanite. It can only be made by Transmutation, which in turn means the Auction House supply is determined by the Alchemists on your server. On mature servers, most Alchemists are competing head-to-head with other Alchemists in the Living Steel market where competition is very cut-throat and not as profitable.

The combination of scarcity and demand of Arcanite means that the price of the metal stays relatively constant. On my server, I tend to set the price and control this little known market (I’m sure not for long)! Take a look on TUJ and you will see that over a six month period, the price rarely moves below 100g on most EU servers. I price my Arcanite at or a little above market price.

Even at market price, the profit in Arcanite can be substantial, depending on how you source the base material. Arcanite is very simple to make, it just requires one Arcane Crystal and one bar of Thorium. I nearly always buy my material from the Auction House, but pay no more than 10g per crystal and 2g per Thorium bar. Now that’s a great profit.

In summary

The selling of Arcanite bars on the Auction House illustrates some of the common trading strategies I use to make gold in WoW. By understanding what’s in demand on your server and setting a fair market price, you’ll always turn a good profit quickly and efficiently.

WoW Auction House Guide
Buy the Auction House Gold Secrets Guide