Skip to main content

Posting Philosophy

Before I start with this post I just wanted to take some time to point to a recent post by Stede called Unprecedented.  In this article Stede advocates for stockpiling for 5.4, and if you're starting to think about 5.4 this is a great place to start.

Me personally, I won't be stockpiling persay.  My reasoning behind this is that I'm always stockpiling in excess when I can get good prices.  Just in time crafting is a terrible way to manage your mats, I'd rather have too many mats at a dirt cheap price, than not enough with high prices, makes sense right?  Right now for example I have 20 of each rare cut that I keep in stock, and I have 500+ stacks of Ghost Iron Ore waiting to be prospected.  The only time I'll really slow down on this will be at the tail end of the expansion.  Now back to your regularly scheduled post:

Gold Making Philosophy
I had the idea to write about this when GoblinRaset had been recently coming up with some crazy custom pricing schemes in TSM 2 to price Ghost Iron Ore, and I decided to give my mathematical perspective on what's my reasoning is here.  Now creating profitable thresholds and fallbacks in TSM is a necessary evil of playing the auction house, but in the end, I personally am not going to put as much thought into it as GoblinRaset did.

Why?  Simple.  When it comes down to it, TSM_Auctioning is really just making 1 decision for each item based on your threshold and fallback: "Do I undercut it by 1 copper or not?"  In the long run, no matter what your thresholds are, as long as they're profitable, you're going to end up posting the item 95% of the time or more.  This is why I don't think too much about my thresholds.  I pick some profitable numbers and run with them, because regardless, I'm just undercutting by 1 copper.

As time goes on, you're still going to make the same profits regardless, so why fuss.  Just one more thing in life that's not worth the worry!   Now I'm not saying that it is a bad thing to know your markets, quite the contrary, the better you know them the better it is for you.  I'm just saying don't sweat the small stuff in this case, it's really not worth the time.  That's my two cents.  Here's a TL;DR:



Cheers,

Phat Lewts

If you enjoy my blog follow me on twitter, @PhatLewtsGold!

Comments

  1. Just being a bit picky on wording but I view just in time crafting as the process of creating an item when you need it. It has nothing to do with how you buy your mats. I dont prestock more than a couple of anything I sell and never have. I keep lots of raw mats in supply as I only buy them based on my buying thresholds. Case in point I have been in the glyph market for a long time. I still only have 1-2 of most glyphs but I craft daily whatever has been sold. As to buying the mats, I am constantly buying when the price is right.

    Pricing really does depend on server size and activity. Being on a dieing server I control the prices in many markets. The sales dont happen if you price too high. You need to price at a reasonable level.

    As to my experience at this, long time player since vanilla. Current liquid gold nearing 5million. Still believe in pricing at reasonable prices and to be active each day on the AH.

    ReplyDelete
    Replies
    1. No worries, I'm going to be a stickler right back. JIT is actually a concept in the real world: "The philosophy of JIT is simple: the storage of unused inventory is a waste of resources"

      Source

      Delete

Post a Comment

Popular posts from this blog

Phat Lewts' TradeSkillMaster Transmog Guide (with Subgroupings)

Yes, that long awaited moment is here! I'm officially releasing my new (and improved) TSM shopping lists for transmog gear. You can find the list with subgroupingsat this linkand in my tool bar above. Below is a video guide to using my Transmog list, as well as an overview of my strategies. If you prefer a TL;DR, my pricing will be below.



Global Operations
Once you import the list, I use %s the following base pricing, if there's a source you do not have, click below to learn how to get it, or remove it from the expression all together.
avg(WowuctionRegionMarket, DBGlobalMarketAvg) Alternatively I have import strings for the shopping and auctioning operations below:

Phat's Ultimate WoW Gold Making Macro Guide

This guide is going to be extensive so buckle up. Macros are a great way to make your gold making more efficient, and this is going to be a guide to both create your own basic macros, followed by a compendium of macros that I use myself for gold making.

Creating a Basic Button Clicking Macro
Playing WoW, particularly using TSM, one clicks a lot of buttons to be as productive as we are. I'm not going to cover every button, but I'm going to go over how to find and macro any clickable button. The first thing we're going to utilize is WoW's built in Frame Stack. This tells us all the frames our cursor is currently hovered over, and we can find Button names from the list to make macros for them. Here's an example.

Type /fstack and you will get a window that looks like this:




Right now I'm hovered over the TSMAuctioningPostButton, which I've just learned the name of! If I wanted to create a macro to click this button, I would just have to add a /click before the b…

TradeSkillMaster Sniper Tutorial

If you haven't already, there are only 2 Days Leftto participate in my Yearly Review Survey to provide feedback that will go towards improving the blog in 2014!

Yesterday, the TSM team released a slew of updates for TradeSkillMaster, and among them was a new feature for the TradeSkillMaster_Shopping Module called Sniper. What the addon does is searches for recently posted items that meet a set of rules that you set up, and allow you to snag them before anyone else does. Before I release my video publicly, I'm posting the link on my blog for my readers as a sort of early release! Enjoy!






Cheers,

Phat Lewts