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Showing posts from January, 2013

The Best Farming Spot

Day 10 of Nev's Goldmaking Challenge, half way through!

Do you farm materials? Why? Why not? & which ones, where?

Gathering Professions
I feel like day 10 is going to see a lot of gathering profession rants, and let me be the first to add my contribution to that pile.  Gathering Professions are, by far, hands down, without a doubt, the worst way to make gold in World of Warcraft.  Right now with the herb and ore prices sitting where they are on many servers, you're not making half the gold every hour that you could be with a crafting profession.

Gathering is for the people who don't want to learn how to properly maximize a crafting profession, or learn certain markets, even though doing so would be more lucrative in the long run.  A lot of people with dual gathering toons tend to not even use their professions to the max anyway.  If you go farm herbs/ore/leather for even 2.5 hrs a week, you could make more gold doing an Enchanting and Alchemy CD for 15 seconds every day.…

Phat's Weekly Lewt Review: 1/29

If you're interested, my 'Gold Total' page has been updated to reflect this week's total, along with an update of the graph.

This week, I'm going to be going over how much I spent, as well as break down my sales by the overall week, as it seemed to be of interest to some players, and since TSM_Accounting keeps track of summaries by faction, it will be separated by faction as well:

Alliance:










Horde:









Alliance Analysis
This week on my one Alliance alt I invested only about 1,600 gold, and made 19,000 g.  This alt is purely into markets such as transmog and twink gear, but since my Alli has been getting their Tailoring/Enchanting leveled (still not 80 yet so no max), I've been making some more gold with that, but it's not a major component of their arsenal yet.  Most of my sales were most likely of things that I had purchased prior to this week, so my investments don't really reflect my returns, and that's something I'd like to heavily emphasize.  On a…

Long Live the Lich King!

Today I'll be posting on the topic of Day 9 of Nev's Goldmaking Challenge.  Nev recently released a post with everyone currently participating, and there are a lot of interesting responses from the community, check 'em out!

What's your favorite niche market & why?

WotLK Epic Gems
This may not have been the answer some people were expecting.  I really love the twink markets out there, but I've made so much gold making Wrath Epic gems, and it's constantly been a great market for me since Wrath itself!  I actually did a post about it in May of 2011, when I was first starting this blog, I found it kind of interesting to look back at it, check it out here.  While my methodology in that post is a little outdated, the overall theme still rings true.  Today though I use a relatively simple Dealfinding list to find great deals on epic gems, and (of course) post them using TSM.

Dealfinding List
Below is the Dealfinding List I use for these epics, I have the prices set t…

8 Days a Week

Today I'll be posting on the topic of Day 8 of Nev's Goldmaking Challenge.  Nev recently released a post with everyone currently participating in the 20 Days on her blog, and there are a lot of interesting responses from the community, so be sure to check them out!

Thinking back to day 2, did you ever reach your goal or are you still working towards it? If you reached it - have you set yourself a new one?


Well on day 2 I mentioned that I usually set weekly goals instead of overall goals, but the one that I'm really pushing for now that I've dropped 750k is 2 million.  Recently I've fine tuned my TSM to push out more crafted items to make more gold each week, and I'm liking the results so far.  There has been a lack of herbs on the AH for a price worth crafting at, so I'm still a bit behind on the glyphs, but otherwise I'm right where I want to be.

Secondary Goals
I've been making gold on a 2nd server on and off for the past few months, and it was on a…

On the 7th Day...

Today I'll be posting on the topic of Day 7 of Nev's Goldmaking Challenge.  Nev recently released a post with everyone currently participating in the 20 Days on her blog.  Lots of interesting responses from around the gold making community, so be sure to check them out!

Day 7: If you were starting over again (maybe on a new server perhaps), how would you start building some capital & what goal would you set yourself?

Assumptions
For this question I'm going to assume that I am starting over on a new account, on a new realm, with no alts on other realms.  Starting from absolute scratch, as if I were to start an account on the EU servers.

Starting Out
Starting out I would level a toon that can tank or heal (let's say Tauren Druid) with gathering professions, and join a level 25 guild.  I always choose Herbalism and Mining when doing this.  They both have high turnover rates, and give you XP, and are probably the most profitable way to level (besides RAFing).  I would ke…

Day 6: Old (Jewel) Crafty

Today I'll be posting on the topic of Day 6 of Nev's Goldmaking Challenge.  Nev recently released a post with everyone currently participating in the 20 Days on her blog.  Lots of interesting responses from around the gold making community, so be sure to check them out!

Which market has made you the most gold over the years?

Gems!
Quite simply stated I would have to say Jewelcrafting.  Right now unfortunately it doesn't have the goldmaking prowess that it did in Wrath and Cataclysm, but it's still one of the top gold making professions around.

In WotLK, having a Jewelcrafter was your ticket to print money.  Back then I sold mostly 2 different types of gem, Red and Blue.  Red would be the base stats, and Blue would be Stamina.  It was a simple life.  Tanks all stacked Stam and DPS and healers, for the most part gemmed red (except for the occasional hit  or spirit point somewhere).  These gems sold fast, and they sold often.  Undercutters? Of course, but no big problem th…

Phat's Weekly Lewt Review 1/22

If you didn't read it yet, also check out my latest post for Nev's 20 Day Goldmaking Challenge: Day 5: Alternating Alts.

This week I managed to bring in ~88k as I started ramping up my gold making in a way that I haven't for a few months.

(Tillers) Farming on Alts
Taking the ~3 minutes a day that it takes to tend to your non-90 alt's Tillers farm can be quite profitable, especially if you're going to be logging them for their profession CDs anyway.  This week I managed to find a way to optimize my farming: the ilevel 450 BoA Weapons.  For those of you who are unfamiliar with them, there are lootable items spread throughout Pandaria that will give you ilvl 450 weapons that are BoA, as well as one neck that's BoA.  They are usable by level 86+, and I recently decked out all my alts with them, because they are some of the highest damage output weapons available at lvl 86, which is great for my vermin killing alts that maintain a Tiller's farm.  They're als…

Alternating Alts: Day 5

Today I return from my long weekend off with Day 5 of Nev's Goldmaking Challenge.  Nev recently released a post with everyone currently participating in the 20 Days on her blog.  Lots of interesting responses from around the gold making community, so be sure to check them out!

Today the prompt is Do you keep the same banker alt or do you change them up occasionally? Why?

Mainly Mains
My main posting toon is always the character I'm currently focused on in game, and right now it's my 90 mage.  I play end game on my mage, and 9 times out of 10 I would log this character even if I wasn't going to make gold that day (which never actually happens).  Once in a while (and I feel like it will be soon) I get the bug to either tank or heal, and I just have TSM Mailing forward my mail to that alt.  It's just easier for me to keep track of my auctions on a toon I spend time on.

Current Endeavors
Right now I am doing a bit of an experiment with my alts, and I'm liking it ver…

Bank Alt (Day 4)

On the 4th day of Nev's 20 Days Gold Making she asks:
"Do you use a banker alt/guild? When did you start doing that & why?"

Yes and Yes!
My answer is yes to both questions.  I didn't have one until 4.3 and transmog being released though.  Previously I just set up my posting toon to be whatever my main was at the time (normally switches between warlock, DK, priest, and mage).  This makes it easy to post between doing things, and logging different characters to post things that aren't too troublesome for your main to post is annoying, and less likely to happen.   I still employ this method for the most part (except for glyphs + xmog), but when 4.3 came I knew I needed to change how I did things.

Reason's Got Nothing to Do With It...
When I first started doing transmog it wasn't too bad, but as my supply grew, my low number of empty bag slots on my main became more of a nuisance, and I wanted a toon that could keep tons of bag slots open, and have a guild b…

Day 3 Technique, Technique, Technique!

Day 3 of Nev's 20 Days of WoW Goldmaking Challenge asks "What were the first techniques/tricks/tips you used when starting out?"

Maximizing Alts
As mentioned in my first post of the Challenge, I learned from the start how to maximize my alts.  It's almost instinctive, but you know that the more time you spend making gold on a single character, the less productive your time spent becomes.  I always prioritize the most lucrative rituals first (cooldowns/Tiller's farm), then move on to general crafting from there (cut gems, enchanting scrolls, etc.).

Beyond this I post glyphs (when I do actually post them) from different characters so I can quickly exchange them in their respective banks for quick posting.  I used to store them in a guild bank but addons have very big problems now with moving things in and out of guild banks fast, so I've switched to two alts.

Absorption
Now more than ever I am involved in the gold making community, but when I first started out …

Phat's Weekly Lewt Review 1/15

So it's the third Tuesday of 2013, and I'm writing my third Weekly Review of 2013.  My streak is going good so far, and I hope that at the very least it will continue through the winter!

Invincible Messing Up My Numbers
Of course this week my gold totals took a HUGE hit, plummeting down 750k because I purchased Invincible's Reins.  I wrote a post about it, and if you want to check that out, read it here!  This is by far the biggest hit to my gold total of all time.  Previously I've sank 150k gold into TCG mounts to flip, and made it back (and then some).  My gold total this week started at 1,838,647 g, so minus the 750k we can call it 1,088,647g.  I ended the week with 1,156,139 g, so I'm up 67,492, which is pretty good!

DMF Profits
Of course a bulk of my profits this week came from selling DMF cards I crafted, but I was trying to put a few too many decks together, and didn't end up selling my remaining cards until Thursday, getting last minute buyers (which was…

Goooooooaaaaaaaaaalls!!! (Day 2)

Today I'm continuing with Nev's WoW Goldmaking Challenge, to see all my posts for this, click here. Today we answer the question

"If you set yourself a goal, what was your goal & at what point did you set it?"

Admirable Goals
In general I don't set goals for the distant future ie. "gain 1 million gold by April 23rd".  For me that's too far out to concentrate on, and it means I can slack right now, assuming I can pick up the slack later (I'm a procrastinator).  So what I do is set weekly goals.  I try to make them realistic and base them on my play time (if I won't be able to play 2 days in a week, I set it lower than a week I can log in for at least an hour each day).  In general, and for this week for example my goal was 60k gold.  I knew it was the Faire and I'd probably make more than that, but I did not bet on Invincible's Reins coming up on the BMAH.  That being said I'm not going to take that into account as far as me ach…

Phat Lewts': Origins (Day 1)

This is a post for Cold's Gold Blogging Carnival, check it out for other great responses!

I'm sure you all are familiar with Nev from the blog Auction House Addict.  Yesterday she released an idea akin to the "20 days of WoW" where bloggers would write responses to 20 prompts about WoW, but with a creative spin for us gold makers, "20 Days of WoW Goldmaking", and I am going to take part, because I think they are good prompts that will provide an introspective look into my gold making.  I am going to be doing this along with my normal posts on any given day, so you won't be missing out on anything else because of this.

Without further ado: Day 1 - When did you start gold making & what triggered it?

Wrath & Desperation.
That's the one word answer for each of the two questions.  This is a cautionary tale.  I've been going back and forth as to if I should ever tell this story on my blog, because it might have a bit of a negative reception in…

How to Not Make Gold

Followers of my Twitter will already know, but two days ago I bought Invincible's Reins off of the Black Market Auction House.  It was a very strange experience for me parting with as much gold as I did, and I felt like it was worth writing about.

The Setup
My main, and toon that posts everything but transmog is a level 90 Mage.  Since I can teleport anywhere else I need to go, I have my mage's hearth set to the Tavern in the Mists so I can keep an eye on the Black Market Auction House.  Until today only two items that had sparked my interest on my servers BMAH were a Drake mount from Cata that I wouldn't have farmed, and a Brawler's Guild invitation.  Additionally I bought some patterns early in the expansion to flip, bought both for 20k each, sold one for 30k, and the other ended up selling months later for 15k (not the best investment).  In general, I was in a "I want to see how much gold I can get on this server" state of mind, and wasn't spending much…

Phat's Weekly Lewt Review 1/8

So it's Tuesday, which means it's time for Phat's Weekly Lewt Review!

Updated Gold Total Tab!
If you click the 'Gold Total' tab above, you will see I've added a graph as well as a table on my current gold total, and it's growth over the past.  I decided that I wanted to see a graph of my gold growth over time, and since I made it I figured I'd share it with those of you who are interested.  The table below it includes changes between updates (some are longer than others), as well as a neat little graph to see my gold growth.  I'm going to update this one weekly from now on, so hopefully the graph becomes more informative over time.  If you look, you'll notice I made 48.6k this week, or about 7k per day.  Check it out it's pretty interesting!

Transmog Sales














What you see here is a snapshot of all my transmog sales for the week.  Since my transmog sellr also sells Hypnotic Dust, Frostweave, and Valentine's mounts, you'll also see some of …

Milestone: Alliance Alt Hits 100k

So today I hit 2 very important milestones on my Alliance alt, level 70, and 100k gold!

Background
I've written about this alt before, but a quick summary for those who did not see those posts (they're few and far between).  On my main server I have 10 Horde characters and 1 Alliance character.  I originally made my Alliance Priest to see how I could do with the resale market on the Alliance side of my server.  For some quick (albeit expensive) start up capitol I bought an heirloom cape on the Horde side, and vendored it on the Alliance side (before cagable pets).  If you did the math I started with 300g, and now have 100k at level 70.  For a part time alt, it's not half bad!  I figure that sharing some info with you as to how I did it might help you with your repertoire, so here goes!

Flipping Out
This project has been a long time in the making, I started it in Cataclysm, and was working on it on and off.  Basically if I ever finished my gold making rotation Horde side, I&…

Phat's Weekly Lewt Review 1/3/2013

So my Weekly Review is falling a bit late this week because of the holidays, but I really want to make it a weekly event, so I'm going to go for it anyway.

Jewelcrafting






This week was particularly good in Jewelcrafting for me, I have made a ton of cut gem sales, but the bulk of my profit came from the sale of 3 of the 450 ilvl JC necks/rings.  It was actually all 3 opportune sales where someone decided they needed the gear at that time, and bought at above market prices (lots of fluctuation on my small server).  They sold at ridiculous profit margins, something to the tune of 10-15x mats, which is always a bonus.  If you haven't already I highly suggest visiting Mai the Jade Shaper and getting the JC patterns from her.  They add so much value and diversity to your Jewelcrafting arsenal, and give you something to do with all those Serpent's Eye you've been getting from prospecting.

Inscription
I was reminded by a guildie that the Darkmoon Faire was coming soon (Sunday, g…

Phat's Yearly Review!

Happy New Year everyone!  I hope you all had a great holiday!

As 2012 has ended, and a new year begins, I want to ask my readers for some feedback to help decide where this blog goes in 2013.  I created a 5 question survey, and I would really appreciate if you took the time to take it.  There are a few free response questions, and those are the most important to me as far as determining where the blog will go in 2013.  Thank you in advance for responding to this survey, and I look forward to many new posts and gold making strategies in the new year!

Click Here to take Phat's Yearly Review Survey


Cheers,

Phat Lewts

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