This is for Day 16 of Nev's 20 Days of Goldmaking. Interested in reading other's views on the topics? Nev made a post with all the participants here. Check it out, there's some really great posts! Todays topic:
Flipping! Do you flip stuff regularly or sometimes? Big ticket items or smaller high volume stuff?
Transmog & Twinks
Many of my regular readers will know I love flipping in two main markets: Transmog gear and twink gear. These two have been staples for me since Cataclysm, and I can't even imagine when they weren't in my arsenal. This is a concept that many newer gold makers don't get though, buy enough cheap gear, and list it all, a few pieces are bound to sell, and if you're selling at proper margins, profits ensue!
My favorite market is the transmog gear though. In actuality, with the twink gear, both the 77-79 and the 80-84 both make me more gold, but I find the transmog market more interesting. With twink gear the buyers know their market a bit better, and know why the gear is overpriced. With transmog, you're taking gear that normally people would otherwise have bought to supplement dungeon gear while leveling and marking it up to ridiculous prices for greens.
Why I find Transmog so fun
Transmog gear is easy to obtain. There are plenty of lists, including my own, to use to purchase or otherwise search for this gear. The fun part of it is pricing it. I only seperate my gear into 3 tiers (you can do more, I just like a simplified model). I find it fun assessing what someone would theoretically pay for an item, and that's the fun in transmog. I really enjoy having that level 1 infamous transmog seller on a server too, and speaking up in trade every time you log on. As they say, "Any publicity is good publicity".
Big or Small Flips?
Comparing it to the purchase cost, all of my flips could be considered big flips, but most of my gear is priced in the 500-1,250 g price range. I do have two special tiers though, 5k and 18k, that whenever they sell, I have a touchdown celebration ready. I love the big flips, but as a realist, I know they're few and far between, whereas the smaller flips are more frequent and net me more profit overall.
If you like my blog follow me on twitter, @PhatLewtsGold!!
Okay. You can probably call it a comeback in this case. I've been gone a long time. So if you follow my Twitter you'll know I recent...
Yes, that long awaited moment is here! I'm officially releasing my new (and improved) TSM shopping lists for transmog gear. You can find...
If you want up to date price sources without tedious manual scans of the AH, the TSM App is the go to for complete data. The app pulls avera...
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 ...