Wednesday, May 23, 2012

Making Gold With A Friend

   It's been a while since my last post, but in my defense it was Diablo 3 fault but non the less i am back again today with another post on how to monetize in WoW. Usually every time i cover a certain subject it revolves around the reader needing to have that particular profession, and hopefully have the patterns or materials needed to craft that item, well today we are going to take a look at how to use your friends/guildies to help you out when you don't have the aptitude for a certain profession.

   I will further explain as to how exactly does this work for the given market that is of interest for this particular post, and that is the WOTLK gems market.

   First of all why did i choose this market ? Well i did this on a different server then my own where i have millions to throw at the AH and not be afraid to loose them, so i needed something that i could control to a degree and something that i had experience with. The WOTLK gems are the bread and butter for all the twinks in the 62-80 bracket as well as the people that are leveling, and if you take into account that 80% of the people that have JC now didn't play in WOTLK or for some reason respeced and lost their WOTLK gems you end up on a market that is usually controlled by very few people or if you are lucky no one at all. 

   So now that you have chosen the market that you want to go into, it's time to get down to asking your friends or guild members to see if they have the ability to cut those gems. Don't be amazed if you find someone that has all the cuts of WOTLK and Cataclysm and claims that he can't make money from Jewelcrafting, those are the best kinds of people that you can encounter because they did the dailies not to make gold but simply because they were there.

   If you are unfamiliar with the WOTLK gem market you might want to check out one of my older posts that covered that particular theme, but if you are you will know that this market can be a bit of a volatile sort, so before you jump in head strong just scope out the competition, and the availability of the raw gems that is up on the auction house.

    So provided you have found a friend to help you out with the cutting of the gems, you checked out the prices and competition and they were in your comfort zone, the last thing you need to do is define the prices. In the previous post i explained that i i had priced my gems at 95g for the rare ones and 195g for the epic ones, but after i wrote that post i kinda changed my prices and added an extra 100 to those so the prices are 195/295g for the rare/epic cuts and they are still selling like hot cakes. So like the image here explains your server might be a lot different from the one i play on, but by following the simple supply/demand chart you can come up with a price that is just right for you.

   For this market you want to check out the prices of the red gems first, and when it comes to rare red gems you want to see if you can find someone to craft Brilliant Scarlet Ruby simply because crafting it would require one to be exalted with the Kirin Tor to obtain the pattern and that is kind of rare nowadays.

   Another thing before i go though, if you do decide to use a friend to do your cuts, or what ever it is that you want to sell, make sure that you give him some kind of a reward. In my case it was 10% of the profits that i made which was a pretty heft sum for him seeing as how he cut about 200 gems for me, and i managed to move half of them in the first 3 days. 

   I gave you this Jewelcrafting example because i have the most experience with this market but you can use your friend's help with pretty much any market that you want to jump into but don't have a character that can craft those items, and just to name a few PvP Armors ( Plate, Cloth, Leather, Mail ), Glyphs, Pots, Pets and pretty much everything you can think of that would sell, because remember WoW is a community game, and if you can't use the community to make gold then what good is the community.

   That's all for now and like always, keep an eye out for good opportunities out there.


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