Tag Archives: auction house

The Art Of Gold Making: Setting Up Shop

Okay guys, so you may have read my last gold post and thought, “That’s great and all, Jae, but, where exactly do you expect us to start? What are the most helpful mods? Any quick tips? What are the best professions to use?” Well, don’t worry, I didn’t intend to leave it there. I was in the same position as those of you who are just starting out at some point, not knowing where to start, and I fully intend to help you get to a point where you are able to make enough income to play comfortably, how much you end up making purely depends on how much time and effort you put into it. You can spend an hour here or there and make enough to cover raiding costs, and then some.

I think it’s best if I start from the beginning. If you’re looking for professions, the best ones will be any that you can use to craft things. That would be: Tailoring, Blacksmithing, Leatherworking, Jewelcrafting, Alchemy, Enchanting, Inscription, Engineering. Gathering professions are a nice bonus if you want them. Personally, I like having them, but they aren’t the best way to make gold strictly speaking. However, I really believe it’s down to personal preference. Every profession has its’ own way to make a bit of gold so choose whichever you prefer and I’ll cover how to use them effectively in a later post.

Bank Alts

The first thing I do, regardless of my level, on any server, is to create a bank alt. I give it a name that I might give a character (rather than Jaedialt, or Wgrtdf) or perhaps recycle an alt I don’t play anymore, run it to the nearest city (or maybe I’ll create a Blood Elf and make my way to Undercity or Orgrimmar. I personally think that Undercity is the best for Horde bank alting, and Ironforge for Alliance), and leave it near the auction house. I make sure it has some gold, buy all of the bank slots, and fill them and every bag slot with either 20 slot or 16 slot bags, depending on how much gold I have and then log out.

This character is there to enable you to mail any useful items you might want to keep or sell to stop your bags from clogging up too much while you’re questing or grinding. You can always return the mail later on if need be. If you have a lot of auctions, you might even consider putting a guild together purely so you can have access to the guild bank to store anything you don’t have space for, you can let your friends join to use the guild tag, or keep it purely for guild bank purposes. My personal guild bank currently has 4 tabs, and I’m considering buying a 5th. The extra space is just too awesome.

Auction Mods

After your space is set up and ready to use, you may want to look into getting a few mods. They aren’t a necessity, of course, but they do make auctioning a lot simpler, and make it a bit easier to contend with the people who seem to sit there doing their auctions all day, and all night.

Personally, I like to use Postal, Auctioneer, QuickAuctions, Market WatcherAuction Profit, and Skillet on my crafting characters. I only use these mods (except for Postal, which is useful anyway) on my bank alt as it saves memory on the characters that don’t need them.

Very often, I will have a few hundred mails in my mailbox. You’re only able to open 50 every minute, and Postal really helps with that. With its’ ‘Open All’ function, you can leave it to open those 50 mails while you alt tab or read a book for the minute. It has a countdown as well on the mail symbol so if you choose to watch the mailbox, you’re able to see when it’s ready to be refreshed. Emptying the mailbox is possibly the most tedious part of doing your auctions, thanks to Postal, it’s just a tiny bit less tedious.

Auctioneer has many useful features. One of its’ main uses is of course scanning the auction house, if you scan regularly enough ((every 12 hours is ideal, but whenever you get chance works, you can do a quick scan with the double arrow but if your PC can’t quite take it, the longer scan does the same job, just might need 10 minutes of AFK time)) you will be given an average market price for each item. These average prices are particularly useful when working out how much an item should go for if it’s perhaps too low, or too high, or if there isn’t any of that item up at the time. BeanCounter can be used to search for an item to see your sale history. It can tell you your past sales and buyouts, which you might find useful. This guide will help you to use Auctioneer to check for items selling below the vendor price, and also for items that may be worth buying to resell.

I like to use QuickAuctions3 as well as Auctioneer. Once you’ve set it up, adding different groups and price settings for each of your regular auctions, you can basically use the ‘post’ and ‘cancel’ buttons, and the most work you end up doing is waiting for the mailbox to refresh. The ‘cancel’ button cancels any of the items you’ve added to QA3’s groups which have been undercut, so that you can put them back up as the lowest priced auction. This is particularly great if you’re in the glyph market, but don’t knock it for any others you might dip your toes into. Follow this guide to help you set it up.

AuctionPrice tells you how much gold your current auctions are in total. Of course, if everytime I put up auctions they sold I’d be very very rich ingame, but it’s nice to see roughly how much gold is sitting there, this is purely there for my own curiosity and isn’t really important.

Market Watcher as well is nice to scan for particular items and watch the market trends. I tend to watch for raw materials, mostly uncut gems, cloth, herbs, Frozen Orbs. Anything you might buy a lot of is useful to keep an eye on.

Skillet is basically a change to the default crafting UI. I’m not a huge fan of the way Skillet itself looks, but it’s very useful if you’re crafting a few things. I only really use it on my Inscriptor and my Jewelcrafter, as it allows me to queue up whatever I want to craft, and then make it, which is nice when I’m checking which gems I’m low on, or which glyphs are selling well at that point in time.

Aphroditi’s guide to the auction house, and more auction tips are very decent posts which have been very helpful to me in setting up Auctioneer and Market Watcher, I recommend you take a look.

Starter Cash

We all need to start somewhere, and there are many different ways you can get yourself a bit of starter cash. It all depends on how you’d rather spend your time doing so. If you want to, you can start off by using the vendor and resale options of Auctioneer, but if not, here are a few more options.

Vendor Items

One of the often overlooked methods of gaining a bit of gold, though it’s something people have been doing for years, is to buy vendor items, and resell them on the auction house. A lot of people don’t want to go trekking around looking for everything they need or want, and will pay a little extra to buy them from the auction house instead, saving them a bit of time. My favourite post detailing which vendor items to grab, along with maps for where to find them all, is this one. It is well detailed and easy to follow. People are willing to pay as much as 60g for certain patterns. Take the cooking recipes from the wandering caravan in Desolace, it’s a pain to find, and when you do the recipes are all ‘rare spawn’, only costing a few silver to buy. Don’t forget vendor pets – if you are able to grab pets from the other faction to sell on your faction’s auction house that’s brilliant, if not, don’t worry, same faction pets will sell as well ((Stormspire Netherstorm, Shimmering Flats Thousand Needles, Org, Eversong Woods, UC, TB, Darn, SW, Elwynn Forest, Exodar, Dun Morogh, Tournament)).

Questing

Personally, I like to complete quests. You can gain a fair amount of gold from completing your Northrend quests ((Grizzly Hills, Zul’Drak, Scholazar Basin, Storm Peaks, Icecrown)), and if you have more than one character at max level and a lot of patience, that’s a few thousand gold you can get, guaranteed. While you do those, you can work on opening up a few daily quests, Sons of Hodir and the Argent Tournament ones especially. If you enjoy, or at least can tolerate, questing for money, 25 daily quests per day will get you a few hundred gold per character, it all depends on how much time and patience you have to spare. Don’t forget the weekly raid and Wintergrasp quests, not only do these give a fair bit of gold, but the emblems and honour they give are useful for gold makers (see below).

Gathering Professions

If you use gathering professions, be sure to pick up any materials you see while you’re flying around, even if you don’t have any crafting professions yet, selling these raw can get you a bit of starter gold, or perhaps you’d prefer to save them to use to level your professions or craft into things that will make a little more gold than the raw materials themselves. If you happen to be a miner, Titansteel bars are still profitable as well.

Random Dungeons and PvP

Another reasonable way to get some starter gold is to do a few random dungeons. The first one you do each day at level 80 will give you 2 Emblem of Frost and 26g, after that they grant 2 Emblem of Triumph and 13g. Remember to check the average price of Dream Shards on your server in order to know which blues are worth disenchanting, and which are worth greeding. A lot of the things you’ll pick up while doing the dungeons can sell, and if you don’t need the gear, you can turn 20 Emblem of Triumph into 20 Emblem of Heroism and then into Cardinal Rubies/Majestic Zircons/King’s Ambers. These you can either sell raw for around 100-130g each, or cut them and sell them for a little more. 10,000 honour can be traded in for gems as well. If you have any spare Stone Keeper’s Shards that you don’t need, make sure you turn them into honour (30 shards = 2,000 honour, and the tokens you get are BoA so you can send any from your alts to your main and vice versa), and of course you can do random battlegrounds too, you’re able to queue from anywhere in Azeroth, so perhaps grind a little while you queue (this also counts for random dungeons).

Grinding

If you really want to, there are plenty of good grinding spots, you just have to find the best ones. I find the Fire and Air Elementals on the Elemental Plateau in Nagrand are brilliant, on my server I could sell Motes of Fire for about 6g each, and Primal Air is still going for about 60g each, it’s useful for a few enchants, Cat’s Swiftness is still the best raiding enchant for a lot of physical classes without Engineering. Check other economy blogs for posts giving tips on the best places to farm.

Selling Professions

Finally, while you’re idling in cities chatting to people, reading blog posts, or whatever you do while you idle, remember to offer your professions in trade. Usually a crafting fee will be about 10g per craft, I stick to this for epic gem cuts, however, certain crafts might get you a bit more, so for some professions you might find it a little better to ask for tips, because some people might tip for a little more than you might be expecting. You will get people tipping 5g, but it seems to be quite rare, and therefore worth trusting in people’s generosity. For example, I have the Blood Draining recipe and I tend to get tips of anywhere between 50-250g for it because it’s fairly rare, or at least difficult to find people who actually respond. I still sometimes get 100g tips for crafting the Death Chill Cloak, for which I’d probably ask for about 15g if I put a fee on it. Just make sure you’re polite, people are less likely to tip if you refuse to pop to Orgrimmar/Ironforge (you can politely say that you’re waiting for somebody in Dalaran), if you’re rude and demanding, chances are they won’t be so generous. If they try to trade you without tipping, gently remind them, sometimes they forget, sometimes they’re just testing their luck, most often they will apologise and give you a little gold for your help.

Stay tuned for whenever I get off my arse to write another one!

The Art Of Gold Making: Where To Start

A lot of people have asked me how I go about making gold. They aren’t sure where to start, or where to look for these tips and ideas. This is the method of gold making that I have found works well for me, but of course, there are many different ways you can make gold. Everybody needs to start somewhere so, hopefully this is a nice starting point for you if you need it, or perhaps a couple of ideas you hadn’t come across before. Either way I hope this is helpful.

Getting Started

In the beginning, it’s important to know a few things. Quests will give you money and rewards, often, the rewards won’t be worth using, but you can hover over each reward to check which will vendor for the most. If you’re an enchanter, you can also disenchant any green or blue rewards that you don’t need. Greys vendor for more than white items, and are completely useless. Hold onto them to vendor, and make a habit of keeping on top of your bag space whenever you’re near a vendor. White items can be useful, it may be worth checking the auction house or wowhead to see how useful certain white items are. For example, the Giant Eggs that can drop from level 40-60 ish mobs are used for a cooking quest at 250 cooking skill, these can sell for a little bit on the auction house.

Questing

You might like to start by finishing off a few quest areas if you’re high level. The amount of gold you can gather from clearing Icecrown/Storm Peaks, etc. is fairly high, especially when you include quest rewards, drops, and any gatherables if you have a gathering profession.

Daily quests, as well, are a decent way to make gold. You can do 25 daily quests a day, each one will give roughly 13g each, if you completed 25 every day, that gives 325 gold roughly, give or take. Some will give more, some will give less, it’s probably best to try a few and see which ones you can complete fastest for the most profit.

This guide over at Ten Ton Hammer, whilst a little out of date (quests 8 and 9 are no longer available), is a decent guideline. It’s worth noting that the Argent Tournament is a nice little quest hub, especially once you’re able to do the champion and Crusader dailies. Also, random dungeons for the first one you complete at level 80 give 26g, the next few for the rest of the day will give 13g, these are another good way to earn gold.

The Auction House

There are auction houses in every race’s capital city. There isn’t one in Shattrath, and there isn’t one in Dalaran unless you’re a high level Engineer. There are also neutral auction houses in Gadgetzan (Tanaris), Everlook (Winterspring), and Booty Bay (Stranglethorn Vale), all of these are Goblin towns. Neutral auction houses allow you to trade between Horde and Alliance, which you cannot do with the regular auction house. You can use this to trade between your characters, or perhaps pick up a good deal once in a while.

You can sell just about anything on the auction house, and you can watch your server’s markets for what is going to sell the best. Interesting looking items of clothing, for example, will sell much better on RP servers than on non-RP servers. When you’re getting started, you’ll want to focus on just a few items. Use your professions, choose something that will sell, like Belt Buckles, Netherweave Bags, flasks, things that are in high demand, and only undercut by 1 copper, there is no need to undercut by more, after a few hundred auctions it will add up.

Banking

It’s worthwhile having a bank alt, a character purely used to store items, and auction, though not necessary, however, most auctioneers use a bank alt. Usually a discarded alt, or a specifically created character. I’d recommend giving it a name that you might give to a character, or [name]bank, rather than a keyboard mashing name. Though I don’t have any proof that it makes much difference, I’m sure one or two people might avoid buying from somebody whose bank alt looks very likely to be a gold seller. If you can afford to, fill your bag slots and bank slots with 20 slot bags, if not, use whatever you can get your hands on at first and build up.

Another useful venture, once you start storing more items than your bags and bank can hold, is a guild bank. You can buy a charter, get 10 signatures (even if you pay people 5g, give or take, for a signature), and purchase a guild bank tab to use for storing your items. As space becomes more tight, you can buy more tabs as you feel is necessary.

Addons

Finally, you might find it a bit easier to use a few mods. Personally, I use Auctioneer, Market Watch, Postal, and Auction Profit. I only use these on my bank alt, as they’re a lot of memory to keep activated on my other characters as well. Addon Control Panel is great if you use a character that you play as well as your bank alt. This enable you to activate/deactivate mods by simply reloading, saving you from logging out, which I’ve found very useful when joining pugs. When setting up my mods I followed this guide to install the mods, and this guide on how to make good use from them.

I hope I’ve been of some help, go ahead and find some economy blogs for further tips, the Just My 2 Copper forums can be quite good to browse. Find out what works best for you on your server, test different methods, because everybody has slightly different ways of making gold.

The Secret Goblin

See the little goblin, see his little feet, see his little nosey-wosey, isn’t the goblin sweet?

I like to play the auction house a bit. I’m nowhere near as good as some of the goblins out there, and I don’t try to be, but I enjoy watching my gold supply go up. On my home server I have close to 40,000 gold server wide, epic flying for my four 80s that hang around there, my main character has over 100 vanity pets, both the Traveler’s Tundra Mammoth and the motorbike. Basically, I make enough to have the frills and still have some leftovers, which is nice. So naturally, on this new server I’m trying to piece together a bit of gold. Of course, I’m nowhere near as good at it as Tobold (I think he was upto about 400g at level 17 last time we asked him, from his Northrend fishing venture), but so far I’ve made around 160 gold and I’m level 30, which isn’t too bad.

My method is quite simple really. I don’t use any auction house mods at the moment because, honestly, I deleted my WTF, Cache, and Interface folders a while back and couldn’t be bothered to reconfigure. So my auctions take me a little longer than they should do for now but I guess I’ll fix that eventually. I sell things I’ve picked up while playing, I buy raw epic gems, cut them, and resell them, and occasionally I use my Leatherworking to make an item and sell it, though recently that has been less successful. I undercut by 1 copper only, and my bid will be, generally, no lower than a gold less than the buyout price, in some situations I will set the bid price to the lowest I’m willing to sell the item for, though I only really do this with high selling items such as rare pets.

Sometimes, if I can be bothered, I’ll finish off quests in Northrend on various alts, do a few dailies, perhaps grind a little, which makes me a bit of gold and gives me something to do but mostly I don’t bother. It’s not necessary these days. The buying and reselling market makes me enough gold to not have to worry about it.

Starting again on Argent Dawn has given me a fresh perspective. No high level professions to help with gold, no heirlooms, just a character screen, a couple of gold from the guild bank if you feel you need it, and a pinch of initiative. I love thinking of ways to make money without the easy options!

I’ve tried buying items from the vendor and reselling to the auction house, some work well, some don’t. On my first day I sold a 12 slot herb bag for 50 gold, which paid for my 4x 16 slot bags, I haven’t sold one since. Prairie Dog Whistles sell quite nicely. However, the other faction pets, mind you I haven’t tried Dragonhawks yet, and various recipes don’t. It’s all trial and error. Certain things will eventually sell, for profession levelling or whatnot. Things like cloth and low level gems. I’ve sold a few Moss Agates and stacks of Linen Cloth, and the odd green I’ve picked up too.

I’ve been pickpocketting whatever I can for the spare copper, sometimes you find some interesting things, a few gems and a Pickled Murlocs Head for example, when I was in BFD. I’ve also been keeping my lockpicking levelled up, which has proved useful for locked chests, lockboxes, and again, the spare bit of copper.

It’s looking to me like the Wool Cloth market is going to be the best money maker, I’ve considered levelling a death knight to 60, just so I have something to farm with, but we’ll see. Perhaps doing the first few quests in Hellfire Peninsula would be a good idea.

A large part of my attempted gold making is having a character to send all of my unwanted items to, namely, my bank alt. My bank alt on Vashj was created with a random name in order to do my auctions in private, none of this, “I bought a gem from you today!” Which just ends with me feeling guilty. I keep its identity a secret! No guilt, and I can get stuff done without offending people. My bank alt on Terenas is a level 15 rogue I made in TBC and abandoned. I used her because she was close to a city and already had a few bags.

In my opinion, I think the best spots for bank alts are Orgrimmar, and Ironforge, because not only are the bank/auction house/mailbox fairly close together, it’s mostly running in a straight line.

Another great thing about bank alts is dressing them, I’ve seen a lot of people running about in Tuxedos and Pimp Sticks. Though I prefer casual dress. Each to their own. All in all, take care of your bank alts, because they’re people too.