Websites that you need to bookmark and check on, as a gold maker in world of warcraft.
Wowhead
wowhead.com Good for: guides on where items drop, which can suggesting farming locations. Suggestions about what could be made with materials. The front page is always up to date and features an area where you can check which dailies and traders/npcs are available in your garrison today in your part of the world.
Wowtoken
Wowtoken.info keeps track of NA and EU prices of the wow token.
The Undermine Journal
Tuj.me is a big website full of lots of data to browse, including a Great Deals page. Updated very regularly.
The Undermine Journal
Wowuction
Wowuction.com (no a in ‘uction’) Especially like the graphs and the ability to export to spreadsheets or addons like TSM
tsm shopping list
Trade Skill Master
Tradeskillmaster.com I always keep the Great Deals and the Black Market AH pages open on my browser.
Trade skill master great deals
finally
Twitch
twitch.tv has lots of channels with World of Warcraft live. My own is at twitch.tv/thegoldqueen Come by and say hello
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.
Building a 30,000g Passive Income with Inscription – Part 3
We’ve moved through the part where we learn to make glyphs, and now we move to the Complicated Part where we need the assistance of Trade Skill Master addon.
WARNING: IMAGE INTENSIVE POST. Click image for larger image with greater detail. Important images are already blown up full size.
Why Trade Skill Master?
TSM is used simply to automate, to make easy and quicker, that which we could do on our own. So in order to give the commands to TSM, we need to work out what commands to give. Once the numbers are set up, you have made huge steps towards a Passive Income.
We’re going to set up TSM before we even get started with buying the materials (herbs and parchment)
Crafting Glyphs with Trade Skill Master
After you are certain you have TSM installed, open your Professions window and click Inscription.
The Professions window, showing Inscription
Instead of your usual professions window, TSM will politely ask you whether you would like it to automatically generate/create groups based on your profession of Inscription.
Choose YES
Your Professions/Inscription window will now look something like this
Open TSM with the /TSM command. Choose “Groups” , which is the blue crystal at the top left.
Open TSM with the /TSM command. Choose “Groups” , which is the blue crystal at the top left. You will see on the left hand side that TSM has made a Group called Inscription and two Subgroups: Crafts and Materials.
The Crafts (sub)group will have things like the glyphs in it, together with offhands and everything else a scribe can make.
The Materials (sub)group will have all the things you need to craft the items – parchment and inks.
We do not want to sell every single item that is craftable. So make a subgroup under ‘crafts’: call it Glyphs, click ‘switch to new group after creation’ and click okay to create the subgroup.
Put “glyph” into the filter. (I’ve only blurred out my other groups so you don’t get confused by how many there are.) Press return, and they should highlight.
Then this will highlight everything with “glyph” in the name of the item. Unselect any Charred Glyphs. We don’t want to be craft or sell those!
Once they are highlighted correctly, click Add >>>
And they will move across from Parent/Ungrouped Items into the right hand Subgroup Items column.
Congratulations! You now own a group called Glyphs which is subfiled under crafts, under inscription, under professions.
How Many Glyphs Should I craft?
All glyphs go in the same TSM group. Glyphs are glyphs are glyphs. Some of them sell for more, some of them sell for less. The amount for which they sell, fluctuates.
Glyph value have nothing to do with the materials. If you base the value of the glyph on what you crafted it from, it doesn’t make any sense. Herbs make every glyph, and the price for each glyph does not depend on the herb or ink from which it was made.
Add some Operations to your new group
Open your Professions > Inscription back up again, and navigate at the top tabs to TSM Groups
When you click on the Group “Glyphs” on the left hand side, a tooltip will tell you that there are no operations associated with the group. It’s time to remedy that!
Importing TSM Strings
Open TSM with the /TSM command. Choose “Groups” , which is the blue crystal at the top left.
Glyphs TSM Import String
Just in case you don’t want to do it the easy way with TSM assisting you, you can also go to /TSM > Groups > Import/Export > Import String and cut and paste this string into the Import String text box. Keep “Move Already Grouped Items” ticked, and then press return.
[box type=”download”] Right Click and ‘save as’ then open this *.txt file to cut and paste the Glyphstring [/box]
Operations
Once you have your group, its time to add some operations to it.
Operations are tasks, rules, things that you command TSM do to the items in the group. The operations won’t work unless you attach them to the group. You can either create the operations separately and then attach them. Or you can make the operations as an extra to the group, pre-attached. We’re going the second route.
We’re going to add Auctioning Operation. This task tells TSM to auction everything it can see from the associated group.
Under /TSM > Groups > Glyphs (the group you just made) find the Operations tab.
Click “Create Auctioning Operation”
Click View Operation Options if you want to edit them in the future.
Go the Post tab and set your Auction Settings.
These are the settings I’m using at the moment for posting. Like me, however, I expect you to experiment with changing these up and down as you attempt to find and then follow the changing and moving sweet spot for sales on your server. Instead of using complicated formula for the max and norm prices, you can put in an amount in gold, for example 500g and 150g.
Bid % Set your bid cost to 100% to start, because no one bids on glyphs. If you want to give yourself the tiniest of edge, put your bid price at 99%. Your glyph will be listed at below the price of the same item with the same buyout price if it has a cheaper bid price. You’ll notice mine is at 94%, and that is simply because a competitor had set his bid at 95% and I wanted to have the edge on him. You won’t have this guy on your server, so start with 100% and move it only if necessary.
Post Cap: When you start, you should start with posting 1 of each glyph, and then increase it to 2 when you are feeling more comfortable and increasing the amount of stock you are holding in your guild bank.
When Below Minimum: I always post mine at the Normal Price, which is the higher price that I would wish to sell the glyph. If I could reset the market, this is the price I would want to start at.
Let me say it again because you may have missed it. I expect you to experiment. My price settings will not work on your server. This is just a starting setting. You need to experiment and find your own sweet spot.
Creating the Crafting Operation
Under the group named Glyphs which you just created, go to the the Operations tab, look down to the Crafting area, and choose “Create Crafting Operation“. Create a new Crafting operation. Mine is called “Glyphs”
Crafting Cost: No minimum price, instead imagine a maximum at which price you will never pay more. If herbs are selling for just over 1g each, then the amount “per ink item” you are looking for is less than about 5.85g. It’s easier to round up to 6g. 6g per ink makes 18g crafting cost per glyph. Therefore you can immediately know not to ever post a glyph for sale at under 18g. Naturally, you are going to aim to buy all herbs much cheaper than “6g per ink”. As long as you never go over your maximum, then you will never make a loss. And if all glyphs are for sale at 20-200g, then they will all naturally make a profit.
Most of your glyphs will either expire, or be undercut and you will cancel them in order to repost them.
Stocking Glyphs
Our aim will be 20 of each glyph stored in the guild bank we purchased. However, it’s obvious that the mats (the herbs) for every glyph are not free, and therefore we will start by aiming for 2 of each item (enough to fill the AH) then 3, enough for the AH and 1 spare for immediate restocking. Then we’ll increase 4..5.. until we have 20 of each glyph ready to go if and when the prices change. We’ll cover that a little later in the guide.
Once a single glyph sells, Trade Skill Master TSM will add up the number of that item, notice it we have less than the demanded quantity, and suggest we craft a replacing item.
Why not make just the expensive glyphs? Why no Min Profit?
Glyph prices are dependent on supply (of glyph) and demand (of glyph). It is not dependent on price of herb/s.
When the glyph price fluctuates, and the cheap glyphs become (randomly, unexplained) expensive, you want to put the newly-expensive item up on the Auction House for sale. However, if you have not crafted any, if you do not have the stock, and you have only sold this item at its previously cheap price, you are now at the mercy of other Scribes who have stocked this item and are able to replenish the AH.
Its better to have a stack of every single glyph, and to replenish your stack, and have them pre-crafted, stocked in the bank, ready to post on the Auction House ready for when the glyph prices change. If the glyph prices stay so that item is always low, then extras will not sell, and you will never have to replenish and restock them. Once your stack of 20 is crafted and stored, you only need to worry about replenishing and restocking those that sell. You need to keep a good stock in your bank ready to sell when the market moves.
Spray-n-pray approach:
Pros: Glyphs that cost very little to craft and are worth no profit today can suddenly be worth a few hundred gold profit and you have a stock of them ready at all times. Ready to take advantage of market changes.
Cons: It can cost a fortune, both in terms of gold for acquiring herbs, and in time in terms of milling those herbs. Unless you can source those herbs cheap or “free”, and mill them while you would normally be doing something else.
You might be starting to worry that you are buying or acquiring herbs and not being able to sell the crafted glyphs immediately, however your stack of 20 glyphs will last you forever if you restock when glyphs sell.
Did you make the TSM group and the operations? You did really well, this was the complicated part. Now it’s mostly just hard work!
Next part in series: how to buy, how to mill, how to ramp up to a stock of 20, how to cancel, how to restock
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.
Why 12,000g per hour is absolute, er, rubbish.
Recently I posted how you can “make 12,000g per hour in Shadowmoon Valley“. Today I’m here to tell you that this is a load of boll*cks. Why is that?
1) Drop rate is dependant on RNG. You will not get the same number as me, and I won’t get the same amount as someone else. It’s random. You can only guesstimate a rough figure based on how fast you kill and how long you farm for.
2) Sell rate is dependant on buyers. Buyers don’t want the item? It won’t sell.
3) Sell rate is despendant on competitors. Someone is selling the item cheaper than you? Buyers will take that one instead of yours.
4) Potential price is based on demand and on scarcity.
What is scarcity
Scarcity in Warcraft can be either because the item drops rarely, the materials needed to craft the item are rare or costly, or because a player is too lazy to go farm it himself.
Demand
Demand in Warcraft can be because of item use, such as flasks or gems or enchants, which make it valuable. Or simply for the cool factor, such as swift spectral tiger mounts or transmog gear.
Image from http://www.english-online.at/economy/capitalism/capitalism-supply-and-demand.gif
Perceived scarcity
This is not a term I have conjured up myself, but I use it a lot to describe the way you can make your potential customers believe that there are fewer items available than there really are.
Increased scarcity (ie decreased supply) is increased prices. The easiest way to create perceived scarcity is to hold the item back in your bags/bank instead of displaying it in the Auction House.
YouTube How To Make Gold Per Hour – videos are all bullpoop
Imagine a scenario for me. You go to Ahn Quiraj 20 man raid, and in the first 5 minutes, you’re extremely lucky and 2 Glorious Legplates drop. You rush to the Auction House and your buyers are magically desperate to buy the leggings immediately, so you sell them both for 10,000g each. It takes you ten minutes. That’s 10,000×2 in ten minutes = 120,000g per hour. Quickly you process your video and put it on Youtube. “120,000g per hour, ten hours farming 1,200,000g a day” You add some SEO terms and more lovely clickbait. Soon, thousands of viewers arrive at your YouTube video, you monetise, you’re raking in real dollars from google for advertising. And everything in the video is “true” and can be seen “live” on camera.
Have you forgotten something? Is my bullpoop detector on red alert? Is my ethical red flag waving? Raking in $$$ for misleading claims?
gold coins
Well, here is the no-bullpoop guide on how to truly get your 12,000g per hour. And it wont cost you $1.
How to get your 12,000g “per hour”.
So in order to get your 12,000g, you need to do several things
1) Mix up the items you are selling. 100 pet Zomstroks on the AH at 5,000g? Can we just take a moment to giggle here. Sell one Zomstrok, and a thousand other different things.
2) Create Perceived Scarcity to keep your prices high.
3) Cut down on your wasted time. Travel fast. Use TSM to post fast.
4) Did I mention mix it up? Farm other places. Sell other things. Craft things. Do your garrisons. Do LFR. Offer services.
Hope that helps! I realise all this takes some time and organisational skills. That’s why I wrote the Daily Gold Cheat Sheet so you can check that you’ve done everything in your mix. You can grab that free by signing up to receive all these blog posts by email instead of having to check my website 3 times a week.
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.
Building a 30,000g Passive Income with Inscription – Part 2
Getting your Scribe
I started without a scribe, but I had a character on my old server.
So the first thing I did was transfer my scribe over from my old gold-making server to my current home.
Character transfer cost me £17.
Character Transfer
A server transfer comes with a limit of 50,000g but my character only had about 3,000g. I had invested heavily in herbs, crafted glyphs, and let the auctions expire and not picked them up from the AH. So I had no herbs, an occasional glyph in my bags, and only level 90 inscription (skill level 600).
Character gold transfer limit
As soon as the transfer went through the first thing I did was research how to get my skill level up and learn the new glyphs. That prompted a quick visit to Wowhead’s inscription guide.
I was in a rush, so I bought the 100g Draenor Inscription item to learn my level 700 inscription, from the trainer at Ashran. The most important thing that happened while I was leveling my Scribe was the Research: Warbinders Ink
Discovers a glyph recipe that uses Warbinder’s Ink. If you know all the Warbinder’s Ink glyphs, you will instead learn a glyph that uses any lesser ink.
And with my 3000g I was able to get enough cheap herbs to learn all the glyphs.
Although the War Paints can be used to craft expensive items, for building a passive semi-automated income, the glyphs will be providing our regular gold.
Somewhere to store the Glyphs
With my scribe now ready to make glyphs, before I got to work, I spent some gold on buying a guild bank which had several tabs available. I’ll be using this to store the glyphs, because my plan is to have 2 on the Auction House at any time, and store up to 18 of each type in the bank once I have enough herbs milled to make them all.
The guild bank looks like this when I make glyphs and store them
Next session: Setting up Trade Skill Master to make the glyphs, store the glyphs, post and restock the glyphs.
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.
Two Farming Spots in Shadowmoon Valley
From this farming you can get:
- A pet worth 4-9,000g.
- Herbs.
- Ore.
- A rare mob to kill which drops a fun item.
- An achievement.
- A treasure crate with a lvl 90 weapon.
- Another pet worth 3,000g which is repeatable and farmable.
- And many green/uncommon armor loot.
Demidos Farming
To get to this world rare, either clamber awkwardly up some rocks in Socrethar’s Rise, or make use of your Aviana’s Feather to soar through the air and aim for the spot where he spawns. If he is not up, you can hang around. Rough guess for his re-spawn time is 1 hour. Once up the hillock which is at the north west of Socrethar’s Rise, you can throw a rope down to anyone in your party you can’t jump up alone.
Demidos is just the appetiser or starter for your main course of farming for today, but he is a very tasty snack if you don’t wish to have the whole meal.
Demidos
Soloable at 100 with a class you know very well, easier in a group if you are at all unsure. Here, my friend Mega has joined me to give him a chance at the pet too. You guys might remember him from the twitch livestream farming in Nagrand.
Unfortunately the drop rate is 15% and Demidos can only have one loot attempt per day.“You have 1 chance per day per character to loot something from its specific loot table. Once you loot Demidos your character will be saved for that day and will be ineligible for additional loots even if you were unlucky before and nothing special dropped. Quest resets at 3:00 AM server time.” From Wowhead
Your first kill of Demidos will award you an achievement.
Once you have finished with Demidos, move on to the main meal for today, which is farming the Lobstroks in the south west of Shadowmoon Valley.
Lobstroks Farming
The staff would probably be fun to use together with the Empty Crawdad Trap trinket that I found in North Nagrand.
The mobs you are farming will be the Darktide Lobstroks. Both those which are at the edge of the island, on the beaches, and the ones on the shore of actual Shadowmoon Valley. Those ones are contained in bubbles which you can break just by clicking to free the lobstrok then kill and loot it.
Your first drop should be within half an hour if you are killing steadily.
After you have looted your Zomstrok, learn the pet, open your pet journal, and right click him to Put In Cage. It’s this caged lobster that you can put on the Auction House.
Caged Zomstrok ready for putting on the AH
Plonster from WARCAFT PETS suggests this pet is a great pet for TANKING and against HUMANOIDS
Giving Warcraft Pets some love
This farming run also gets you several green/ uncommon loot which you should process as normal greenies. (see my post on “should I vendor or disenchant my greens?“)
Greenies
I was also lucky to pick up a 500g Super Cooling Regulator during the farm. Don’t count on this!
Note: Trading Post auction house parts only drop if you have an uncompleted auction house bot in a level 2 or 3 Trading Post in your Garrison.
Takes about 15 minutes for pet to drop. 4 per hour, at current price of 3,000g each gives 12,000g worth of value per hour.
There are herbs and ore around the area if you have a gathering profession.
Frostweed on the island
Avoid the skeletons in the centre of the island, they don’t drop anything.
The waterlogged chest is guarded by a single lobstrok and yields a level 90 fist weapon that vendors for 37g
Waterlogged Chest
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.
Turning Apexis Crystals into Gold
Learned from Reckles of the Your WoW Money podcast
Hi guys, just a short post from me today to share what I learned about Apexis Crystals. The Your WoW Money podcast recommended turning your crystals into companions/battle pets and selling them on the Auction House.
Companions and Pets available to buy with Apexis Crystals
How to get Apexis Crystals
Great guide from Wowhead on farming/obtaining apexis crystals.
The crystals that I own were mostly gained from the Town Hall daily quests and a small amount from the buildings around my garrison.
But if you’re like me, and have collected the apexis crystals with no real plan on how to use them, you can follow Recklez’ advice and buy battle pets/companions
How to sell the Pets
Auctionator Shopping List
*** apexis crystal pets
Bone wasp
Forest sproutling
Draenei Micro Defender
Frostwolf Pup
Albino River Calf
Sky Fry
Son of Sethe
Cut and paste this into your Auctionator Import Window
Your Auctionator Window will then be able to search for all those pets.
Today’s prices on my server range from 2,800g, up to 9,999g, and further to “not available on the auction house” which means you can set your own price.
[button type=”icon” icon=”warning”] Your server prices will vary.[/button]
Please note that it’s not as easy to make a TSM shopping list as the unlearned (BoP) pets are not the same as the learned and crated ones, for databases. Blizzard *shrugs* go figure.
I used to be really good at finding and selling companion small pets before Blizzard introduced the pet battle system and changed everything around. Now, even though I have been out of the loop on battle pet selling, I can see that this is a great way to turn spare crystals into lovely gold for WoW Tokens. I know you need to have the reputation, but that can be grindable, especially with a friend or two.
Please be careful not to flood your market, the pets will lose their value if their perceived scarcity is destroyed by you flooding the market. Go careful, post one at a time.
[box type=”warning”] Only post one of each pet at a time. [/box]
Faction Only Pets
Finally, I would remind you that the best sellers are going to be those not available to the opposite faction, especially on lopsided faction servers, with more horde or more alliance. Just like the Argent Tournament pets. Wait… did I just subtly remind you to go do your Argent Tournament dailies?
Auction created for Draenei Micro Defender 12000g.
After Gold Queen gets her fingers into the market
Your tweetable for today:
[bctt tweet="Time for me to turn my Apexis Crystals into Gold."]– The Gold Queen
About the Author
The Gold Queen is written by Alyzande. With many level 100s, 9 years expertise in making gold, 11 garrisons, 17k+ achievements, 1593 days played, and over 32 million gold earned. The Gold Queen blog teaches you how to make gold playing World of Warcraft using ethical trading, auction house flipping, crafting, reselling snatch lists, and farming gold making.