Tuesday, 29 May 2012

Heavenly Shards

Heavenly Shards

The cheapest source of Heavenly Shards comes from Disenchanting (DE) Stormforged Shoulders. The great thing about these are that they have a 100% chance of DE into1-4 Heavenly Shards.

You’ll need access to a Miner & Blacksmith to craft these.

Mats needed

8x Obsidium Ore turned into 4x Obsidium Bars tuned into 2x Folded Obsidium (Blacksmith).

16x Elementium Ore turned into 8x Elementium Bar.

Cost to craft = 54g

8*2.25 = 18

16*2.25 = 36

Due to Bountiful Bags I regulary get 2 extra Heavenly Shards per 10 DE’s at a minimum.

So if I were to DE 50 Stormforged Shoulders I would expect a minimum of 60 Heavenly Shards

(50x54g)= 2700g/60 = 45g ea

Sales 60*70g = 4200g

Profit 1500g

The other source of Heavenly Shards is from Maelstrom Shatter where you’ll get 2x Heavenly Shards per Shatter.

The problem here is that the cheapest you can get Maelstrom Crystals on a regular basis is 146g from DE Sleek Flamewrath Cloak source www.wow.joystiq.com so unless your Server sells them from less than 90g each you’re better off crafting Stormforged Shoulders.

Sunday, 27 May 2012

Carnelian Spikes vs Inferno Rubys

Carnelian Spikes vs Inferno Rubys

Today I’m going to look at Carnelian Spikes & Inferno Rubys.
Carnelian Spikes
These are made from 3x Carnelian and 3x Jewlcrafter’s Setting.
I made 40x Carnelian Spikes and Disenchanted (DE) them for the Greater Celestial Essence
I ended up with 88x Greater Celestial Essence & 30x Hypnotic Dust
Wowhead indicates by DEing Carnelian Spikes theres a 75% chance to get anywhere from 2-6 Greater Celestial Essence.

Let’s look at the maths….
So 75% chance means if I DE 40x only 30 are going to give me any Greater Celestial Essence.
There’s a Bonus to being in a lvl 25 Guild aka Bountiful Bags
I ended up with 88 Greater Celestial Essence so the drop rate was 88/30=2.93.
From my experience with this item my rate of 2.93 was a bit low, I obviously didn’t get many Bountiful Bags procs this time.

Now let’s look at the costs of this exercise.
I bought the Carnelian for 25g ea so 120x25=3000g
Jewlcrafter’s Setting 120x1.27 = 152g
So all up the mats cost me 3,152g

Price (sales)

Greater Celestial Essence are going for 40g ea
88x40 = 3,520
Hypnotic Dust go for 60s ea
30*.6 = 18g
Total sales 3,538

Profit 386g
Profit of around 386g not great but as part of the shuffle where we can benefit from economies of scale, this keeps our Enchanting mat costs down to maximise profit on sales.

Inferno Rubys

The other alternative is to create 40x Inferno Rubys
Costs 120x Carnelian @25g ea = 3000g
120x Heartblossom @ 4g ea = 480
Total Costs 3,480g

Again we can expect to receive a bonus from Bountiful Bags.
Let’s say we got 1 extra in 10 crafts = 44 Inferno Rubys
44x 100g ea =4,400g

Profit 920g

If Inferno Rubys fell to 88g then I could expect the approximate same profit from either activity.
Greater Celestial Essence have stayed the same price for some time on my server so I buy out any below 40g usually. The other Price consideration is that the Inferno Rubys be cut. There’s usually an additional 20g-40g in profit if turned into Brilliant Inferno Rubys.

On my Server it’s far better to turn Carnelian into Inferno Rubys

Thursday, 17 May 2012

Already a Millionaire

A brief History
I’ve been playing WoW since late Vanilla. It wasn’t until WotLK that I got into the Auction house in a serious way.  I made my first million gold in early Cataclysm and at last calculation; I’m half way to my second million.

I made my first million in just the Glyph market. I have now diversified into multiple markets.

My toons include the following professions:
Jewel Crafting (JC) & Enchanting
Herb & Inscription
Mining & Blacksmithing (BS)
Alchemy & to be decided

Mining, JC & Enchanting have great synergy.  In my opinion this combination is the best to keep costs low. Throw in a Transmutation Alchemy master and you have serious AH control.

My Philosophy
Diversification is my key to AH. Diversification is the practice of spreading risk over multiple markets.

I find there are several benefits to this methodology.
1.       Selling a limited selection of items with the best return of multiple Professions is better than focusing on one Profession and fighting for the last 2 gold.
2.        A Goblin competitor will not usually crash prices of a particular market if they don’t feel threatened.
3.       Most competition on the AH don’t even know what their breakeven point is when listing items for sale. They just list for 1silver less than the last person. Enchanting is often guilty of this.
4.       Diversification offers the most cost effective way for reducing the material cost of items used in the manufacturing process.

Why Blog
Share my thoughts on WoW in general and work through some scenarios and trading strategies.