Sunday, July 27, 2014

TradeSkillMaster Big Release Day!

TSM, Now The New TUJ
In case you missed it, the authors of everyone's favorite gold making addon, TradeSkillMaster, today have started their mission to dominate all aspects of gold making!  They have released a new website, similar to The Undermine Journal (which recently went offline due to server issues). It's going to take some getting used to, and it's a living breathing website, so expect changes and updates in the near future. Go check out the new website over at!! Search for an item and see the results!

The Beta App is Now Live!!
If you haven't been using the beta app yet, you're about to learn about all the goodness that the app has to offer! The data the app is now stored on TSM's servers, so your data won't be determined by when you are on your computer, it will be the data everyone else has, and up to date, only limited by Blizzard's API! This means that no waiting for data to become reliable in your addon anymore on a new server or with a new setup, the data is historic, and you'll have it all instantly using the TSM App!!

The app still has all your favorite features, including Improved Deal Notifications, CSV Exports, Backing up of TSM settings, and a pretty new UI!!


Phat Lewts


Sunday, July 20, 2014

Transmog List Beta Testing

Recently I've been getting a bunch of comments on my Transmog videos/blog/emails/etc. about how the TUJ sources are erroring out. Come on guys! I know it's probably not the people who actually sit down and read my blog, but if a price source doesn't work, take it out of the expression, simple as that!

I'm adding DBGlobalMarketAvg to my pricing, and I'm going to average (avg function in TSM) that and the wowuction source now. I've edited my original xmog instructions to reflect this change.  If you do not have access to that pricing source, you can get it by enrolling in the TSM App open beta by following the instructions here.

Beta Testing
So the TSM App is not the only gold making tool going under some beta testing. Thanks mainly to TheExile, a Wind Trader over at The Consortium Forums who mentioned that quite a few of the items he liked to flip were missing from my lists. So of course I had to make it better.

My first instinct was to import other xmog lists, and see what they had that I did not. When I started to do so, I was finding a lot of items valued under 100g, which is wholeheartedly not my style. So of course I did what any "sane" person would do, I took TUJ's (now defunct) in game pricing addon, pulled all the pricing information from that addon, got it formatted into excel, and took literally all the items it that were above 300g, and imported them in game to cross check my xmog list. I looked at all of those thousands of items by hand, and added the ones that I considered to be Xmog, exported that list back into excel, sorted them into their previous pricing structure, and imported them once again into their proper groups.

It was a laborious process, but I think my list is better for it. The problem is, I'm on a small server, and do not have a lot of time to play WoW right now, so I'm not going to be able to see the potential errors that may exist in these groups before I unleash them on the public. So to that accord, I'm going to be "Beta Testing" the list, and hopefully the pricing structure I mentioned in the beginning of this post.

All this really means is that before I replace my main xmog list with my just created one, I'm going to ask you all to test it and give me feedback on what you like/don't like, items you think should/shouldn't be on the list. I am going to suggest only people that have already been involved in xmog markets test this list. Feel free to leave feedback and respond to feedback in the comments on this post.  Your feedback is going to be critical on making or breaking this list, so please if you see anything suspect about the pricing, or think I'm missing an item, let me know about it! Click here for access to the beta list.

Thank you all in advance for testing this out, I look forward to your feedback!

Phat Lewts


Monday, July 7, 2014

Are We Inflating Transmog Prices?

So thanks to TheExile, a Wind Trader at the Consortium forums, I've recently gotten the bug to revisit my transmog groups, and I'm currently in the process of creating an additional list of items that I'm going to (at least try) and do something pretty "revolutionary" with, and have people 'beta test' it out before I release it as my default list. The method I'm using to do this is not for the feint of heart, and will take me at least a week (mostly because of work time constraints), but I'm really excited on revamping and adding many items to my transmog lists, and having all your feedback on it, but that's for another day (PS you can follow TheExile on Twitter here).

Inflating Transmog Prices
While going through this process of revamping my transmog lists, I had a bit of an interesting thought. That is, with many of us using region wide pricing, and marking prices up above 100%, are we artificially inflating prices for super rare transmog sets such as Jade/Exalted etc.?

We see this effect very often if we are the only sellers of a particular item on our realm and we use a % of realm price to sell it. A sort of "compounding interest" problem. Unchecked, the price for this item will grow exponentially until it hits gold cap and errors out. The question is, is the same sort of process happening for these rare xmog items, and the answer may (or may not, gasp!) surprise you.

The Samples
So of course I went to data to see if my hypothesis checks out or not, here's the selection of what I looked at to try to determine if we are having an adverse effect on the prices (which actually benefits us, but may inflate prices too high):

Jade Breastplate
Exalted Harness
Bucaneer's Vest
Elemental Mage Staff
Lofty Breastplate
Bloodscale Breastplate

What I gather from this data is that my hypothesis is clearly incorrect. Prices have gone up and down over time, but have never gone up a considerable amount.

On the other hand, fairly regularly across the board, the quantity available has risen over time. This is most likely due to the pricing, that takes levelers out of the purchasing market (and rightfully so), but also leads to unbought items on certain realms that will be looted again before they sell.

I cannot say that it's been an issue on most realms, but I'd imagine that over time supply will outpace demand and prices hopefully will compensate so that we get more sales, and don't get inundated with inordinate amount of xmog gear, and can still sell at a fair market determined price that's profitable for us. HORRAY FOR FREE MARKETS!

Phat Lewts


Tuesday, July 1, 2014

Merged AH's and No More 25 Guilds

Unified Server Auction House
Unless you live under a golden rock, you probably heard the news that's echoing throughout the gold making community, that Alliance and Horde Auction Houses will be combined in 6.0 (source).

An interesting decision by Blizzard, kind of a curveball, but as far as gold making potential, to me it means a lot more venues to make gold. For example currently I have 8 or so max profession toons Horde side and 1 Alliance side. On that 1 Alliance toon I also post xmog/leveling gear, and make a pretty sizable income. Now all my profit venues are consolidated, and I can run all of my operations (mainly) from Horde side without penalty. I think it will benefit the AH Campers a little bit too much, but only time will tell.

It does bring up some interesting questions however. For example, will we now be able to trade and chat cross faction? I mean we basically can as is with, but as someone who purchases mats from the AH from one toon, then ships them off to alts, it seems silly that my Alli alt that uses the same AH as my Horde alt has to purchase seperate mats, since I cannot sell to myself, or that I can buy GIO from a farmer off the AH, but cannot ask them to COD me batches, which to me is a bit restrictive. To me the change is a good one in general, but it will be one of the many factors that are changing the face of gold making in WoW indefinitely, and will be interesting to see it unfold.

Lvl 25 Guilds
Were you someone (quite like myself) who was holding on to a level 25 guild as an investment to sell in the future? Surely you've heard the bad news that guild levels will basically not exist in WoD, read the full Blue Comment here.

I can't say I'm completely surprised they have removed this feature, but I would not have predicted it. In Cataclysm they added guild levels to give guilds a sense of community and rewards for doing things together. I'd say that short term, they accomplished their goals. When every guild started @ 1, and guilds were pushing every day to hit the guild experience cap, and try to get the first lvl 25 guild on the server, there was a lot of community built up around guilds that had previously been lacking at the end of Wrath.

Since then however, level 25 guilds have held a significant advantage over level 1 guilds, being more desirable to levelers and max levels alike with their bonuses. So much so, that Blizzard decided not to add any additional guild levels in MoP. That was the first warning sign that guild levels were indeed a failure. They've stuck around this long, but times are a-changing!

If it's not completely obvious, dump those level 25 guilds you've been holding on to. They'll mean nothing in the long run, and hopefully you can snag someone who doesn't know about the changes. They're also removing the passive income from guilds acquired through non-group activities, so it will cut down on that revenue option, but to me and many other gold makers, it wasn't a huge bonus anyway, and mostly not worth the hassle of maintaining.

I personally have 4 level 25 guilds that I am currently using as storage that I am going to try to liquidate in the upcoming weeks. Hopefully I'll be able to easily, but only time will tell. I bought them all cheap, so I think at bare minimum I'll be able to break even, but hopefully I'll be able to turn a profit as well.

Phat Lewts