JMTC Blogging Carnival: How to make gold with limited play time?

Time is Money Friend

This post has been written for the monthly JMTC Blogging Carnival. This month’s topic is: How would you make gold if you had limited play time?

Time is money friend, and whilst we can make virtually unlimited virtual gold in World of Warcraft, time is something we cannot reproduce, trade, buy, watch, or scan.

This is actually a very personal question, because it’s about how we prioritise our time, which actions are the most important to us, and which goals do we want to achieve.  Do we really just want the most possible gold?  Is the gold making work for us, or play? Do we enjoy gold making?  It’s all very well putting into place efficient routines to maximise the amount we get from the time we put in, but is it really worth all this WORK if we don’t actually enjoy it? So what do we enjoy?

Yeah, that makes it all about psychology and priorities and motivation, rather than about work-time efficiency.

Time to get out our Pareto Principle!

The Pareto principle (also known as the 80-20 rule) states that, for many events, roughly 80% of the effects come from 20% of the causes. (Wikipedia)

You know the one: you only use 20% of the stuff on your desk/in your wardrobe or more especially for me, I only wear 20% of my shoes, 80% of them get stuffed in the wardrobe behind 80% of the handbags I never use, either.  Not that I even go in the wardrobe, because I only wear 20% of my clothes, which are mostly strewn over various chairs / the floor, like any self-respecting geek.
How does this apply to our gold making?  It means that 80% of our gold comes from 20% of our efforts.  I think you know what I mean. When you see someone selling Vial of the Sands for 30k and buy and resell for 50k, or the Glyphmas (patch 4.0) mess-up with Glyph of Mage Armor.  But the problem is that we cannot know which item is a bargain, compared to our normal server prices if we do not keep track of the market price of the items.  That’s why mmo champion and the current Patch Notes are the most important thing you can read if you are going to be a proper gold maker.
 I’m gonna say that again in case you’re a TLDR:  Know your market.

magearm


You can mess around with all the flipping of copper ore from 10s to 15s each you like, you can buy but the real gold is in knowing when to grab a real bargain, and knowing who you can sell it to, and how much you can charge.  And that only comes from playing the game, and from loving the game.
Happy gaming, guys.

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