Tuesday, 11 September 2012

How to make 600k gold per month

aka the Consortium Project.


Wow! times flies when you’re on holidays. Lot’s has happened in the last month. Took the family on a Cruise through the South Pacific which was fantastic and I highly recommend them to people with kids….

Back in July I setup a Project to see what a group of like-minded Goblins could accomplish on the AH.

The idea is to have all the major consumables covered on the AH and watched as much as possible during the day and evening. I’m calling this Project “Consortium”. My best friend in game, his wife and myself are the 3 members of the guild and are enjoying rich rewards.

We’re talking Gems, Enchants, Belt Buckles, Leatherworking Leg Enchants, Tailoring Leg Enchants, and Glyphs. Anything that moves fast and is easily sold.

Our first month we made (July) 600,000 gold profit the second month with me away half the month, we made (Aug) 500,000 gold profit. This month (Sept) has slowed down due to MoP’s imminent release I’m guessing, but we’ll still make good gold.
 
The reason I titles this post how I did is becuase Glyph sales have been so pathetic it's hardly worth the effort. The 600k gold was brought in by 1 player. I would estimate that about 20k max could be attributed to Glyphs. Patch 5.0.4 has seen the glyph market become a bit more viable .
 
The Consortium Project ideology

The idea is to have a member post auctions during the day while gathering mats to keep costs down. At night the other 2 members keep their markets topped off and replenish stock levels.

Gathering has not been really necessary other than for Dragonscales as they are pretty expensive. Ore is cheap as to are herbs currently. Ore is shuffled or turned into Stormfoged Shoulders for DE and Belt Buckles. Herbs are milled for glyphs and  used to craft Inferno Rubys.

The great thing is the synergy between us, and I can’t wait till MoP to put this into full swing now that Scribes can make the shoulder enchants. Together we have the following professions covered.

Mining x2
Herbs x2
Scribes x3
Enchanters x3
Alchemists x2
Tailors x2
JC x3
LW x 1
BS x 1

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