Nev from Auction House Addict has created a community project for the gold makers among us 20 Days of Gold Making. You can find a list of all of the participants in this blog post at AH addict. The question I am covering today is:
What is the most important bit of advice you could give to a new gold maker? (not a game newbie though, just a newbie gold maker)
Unfortunately, I don’t have a magic formula for making gold so there is no “I win” button likewise there isn’t one way of making gold. However, there are lots of ways of losing gold which is ironically the key making gold. So I’ll first cover the 5 most common ways in which you can lose gold.
- Spending gold on armour and weapons while leveling;
- Spending gold on enchants and gems while leveling;
- Buying items from the auction house before checking WoWHead for where it is obtained;
- Vendoring non gray items;
- Listing items on the auction house for less than they vendor for;
Once you have stopped wasting gold you’ll start to accumulate gold naturally while you quest (leveling or dailies), run dungeons or go about your daily business in game.
My next advice is to max out your professions, this may cost you gold but all professions can earn you gold so are always worth the investment. If you have no professions maxed consider taking jewelcrafting, enchanting or alchemy as these are the ones I find easiest to make gold with. However if your not gold rich don’t take more than one on your character, take a complimentary one so jewelcrafting and mining, alchemy and herbalism or enchanting and tailoring. Doing this allow you to farm the low level mats (tailoring will need to farm low level dungeons for cloth to craft tailoring items to disenchant for mats) to level up the crafting profession. While this is time consuming it keeps your gold in your pocket.
By now you should have a profession and some gold in your pocket and next comes a boring part as you need to step away from the game and go and do some research on the web. There are many blogs out there and rather than list them all here I’ll give you a link to a directory that is maintained on the Power Word: Gold blog. Another useful resource are the Consortium Forums but these can get rather complicated for new people.
My next tip is, think lazy. I make a ton of gold from people being lazy. I regularly sell Tome of Clear Mind for 10g even though I buy my stock from the one of the 200 vendors that sell them for 40-50s depending on faction standing. I also perform the same trick with many other vendor items especially during world events such as Ice Cold Milk during Winter Veil as this is needed to make Santa’s Egg Nog!
Being lazy is also something you should not be unless it saves you gold in the form of time, confused? Let me explain. Sometimes you’ll need an item that is a pain in the rear to obtain as it can only be farmed in hard to get to places and has a reasonably low drop rate but can be bought on the auction house for a few hundred gold. You need to determine if it is worth buying the item from the auction house or farming it yourself by calculating how long it would take to earn the gold another way in the time you guesstimate that it would take to farm. More often than not simply doing a few dailies or running an old low level dungeon/raid will earn you the gold it costs.
Which leads me to my final tip. Farm old dungeons and raids. It is fun, can get you transmog sets and there is a ton of gold that drops in both cloth, items and coin.
- Don’t waste gold;
- Use your professions;
- Prey on the lazy;
- Don’t be lazy;
- Remember time IS money;
- Farm old content for fun and profit;
If you found this post useful (or a load of old twaddle) please leave a comment below.