Showing posts with label Back to basics. Show all posts
Showing posts with label Back to basics. Show all posts

Thursday, 20 September 2012

Back to Basics : What to Sell


Back to Basics : What to sell

Determining what to sell for someone new to the Auction House can be quite daunting. Crafting something that never gets sold can be demoralizing. I tried my hand in the Mogging market for a while with mixed results, and can vouch for the fact that it’s a feast one week, and a famine the next, not really my preference.

The Consortium Project focuses on items that sell fast and regularly, this blog will primarily be from that perspective. There is nothing better than going to the mail box and finding 50-100 sales. When I had a holiday recently, Humph (one of the partners whose focus is glyphs) took over my part of the business temporarily. He couldn’t believe the amount of money we took from non glyph items. The secret is that we’re diversified, and sell the most profitable items from a range of professions. By combining our professions we get economies of scale which reduce our crafting costs, thus maximising profit.


 I’m going to assume that you have Jewelcrafting (JC) at max level but this process works for most other professions too.
What Gem cuts are popular? There are so many different cuts, what sells, what are lemons?

Even though I play a variety of Toons, I still don’t know the secondary stat preference, for most classes. i.e. Enhanced Shammy they want Agi as their prime stat, but what’s the best secondary stat?, Haste, Mastery or Crit?  In MoP hunters now need Expertise, do Enhanced Shammys need that too?

I gave up trying to memorize all the different combinations and requirements of each class/spec.

There are 2 Methods to determining what to sell.

Method 1
I turn to WoW Popular which is updated after each Patch.

What we want here is to make a list of what’s in vogue for each Class/Spec. Pick Gems from the top menu then select the Class/Spec you want to review. In the below case I’ve selected DK -> Blood

 

Anything with less than a Popularity of 2 stars I would ignore, but make sure you note the Meta Gem just in case it’s got less than 2 stars. Now you can cut n paste this into Excel/Open Office or use a pencil n paper to make a list. We do the same for each Class/Spec. When you have finished this click PVP under Playstyle on the left panel and for each Class/Spec repeat the above process and add their PVP preference to our list.

What you’ll find is that a lot of Gem cuts appear twice or more, sometimes with Popularity of 5 stars other times with 4,3 or 2.

In Excel sort the list by Name then Popularity so you have all the cuts in Alphabetical Order with most popular cuts at the top, then descending in order. Now all you need do is delete the duplicates with less popularity.

If you’re not familiar with Excel then you can look forward to a long process of coming up with a single list via pencil n paper.

One thing to remember is that WoW Popular is a data mining site which means it will take a bit of time to update come MoP, as players level at different speeds. One could surmise that the most hardcode players will be the first to level to 90, and gear their toons, ready for raiding, therefore the data will be accurate from the start, but that is purely speculation.

Method 2
This method focuses on Wowuction

The Gold Queen did a great video guide to this site and I see no reason to reproduce her work.

Suffice to say goto Professions -> Jewelcrafting then sort by Sold per Day and you have a list of popular cuts. Nowhere near as exhaustive as method 1, but an accurate list none the less.


In the next thrilling instalment of Back to basics we’ll go through how to setup TSM.

 

 

 

 

Sunday, 16 September 2012

Back to basics


Where to begin...

With Mists of Pandaria (MoP) soon to be available, I’m going to start a short series of guides as to how to get from no professions, to choosing the items to sell to maximise profit.

The recommendation below is not from the perspective of a hardcore raider, but more to achieve synergy in gold making.

From the start work towards finding a level 13+ (Preferably 25) guild to join as you level your character. Keep an eye on trade chat for any guild advertising. The idea behind this is you will get a bonus to experience gain as you level (Fast Track rank 2 Guild lvl 5) plus another perk (WorkingOvertime Guild lvl 13) and (Bountiful Bags, Guild lvl 22) which will assist you in your profession levelling.

When levelling a toon I always use the free ingame addon from http://wow-pro.com/. This addon is so good I can’t give the authors enough credit.

What Professions to take?

Some people will tell you to level your professions as you level your character, I’ve found this to be more time consuming then doing it once you hit 85, with the possible exception of Gathering professions (Mining, Herbing, Skinning).

Starting out I would recommend Mining and Jewelcrafting (JC) to any new players.

Ore is required by 4 professions while Herbs are only required by 2, so even if you just farm ore you will find a bigger market in Ore. That’s not to say you’ll make more gold in ore, just that there’s more liquidity. The main reason to take JC is that Gems have a very high turnover and with gear being upgraded regularly, customers keep coming back.  JC is also part of the Shuffle which feeds Enchanting. If you want to know how the Shuffle works then the diagram in the link below, will break it down. Having the professions associated with the shuffle is the foundation to the “Consortium Project”


These sites are a great resource for anybody wishing to level/change professions. They give you a detailed list of materials required to level any profession and what items to craft to quickly max  it.


Once you hit 85 and have levelled your Mining & JC to 525, then I suggest you either drop mining for enchanting or preferably level it on another toon. The synergy between Mining, JC and Enchanting is “Golden”.

After this, on another toon I would take Blacksmithing.  Alchemy is also a good choice because you can transmute uncommon gems into Rare Gems but it requires herbs which you’d have to purchase off the AH. It’s preferable to make friends with a Guildy who has Alchemy (Transmutation Master) as a profession and see if they’d be willing to craft Rare Gems for you for free/small fee, if not go outside your guild.

So to break it down, 2 toons with the following professions.  

Toon A - Mining & JC

Toon B - Enchanting & Blacksmithting.

Now you are ready to make some serious gold.