Monday, September 24, 2012

Maximizing MoP Profits

   So here we are counting down the last hours before we say farewell to Cataclysm and open our hands and prepare to embrace Mists Of Pandaria. Well while we are waiting that doesn't mean we should just stand around in our capital cities and do nothing, on the contrary we should be hard at work to prepare.

Maximize your profits by Syndicating
   In the previous posts i covered the things that should be on your watch list for making profit by stocking up on materials, and then reselling them later on for profit. Well today we are going to take a look at a different thing that will be more about optimization and maximization of the profits that are to be had in Mists of Pandaria.

   So i will try to keep this as short and informative as possible. Few of the most important things that we want to make sure we don't botch would be to stay on the up side of the supply / demand curve and always be ready to sell what the people are looking to buy. But lets get down to more specific examples.

   Let's face it, the majority of the people that are playing this game have been playing this game for quite a while now, some are playing since the start of Cata, some are playing from WOTLK and there are even some that are coming from the Vanilla/TBC era. Well the same thing that all of these players have in common is that they all have multiple characters (alts) and they have different professions on them. Well if you are one of those people then you should make sure that even though you can't level all of your alts at the same time, you can at least make sure you aren't missing out on the things that are limiting your progression by a time table. 

      What this means is quite simple, if you have a Jewelcrafter, Scribe, Alchemist or any other profession that has a "daily" quest to do, make sure you do it and don't skip any of it. The reason for this is, even though it's it going to be very alluring to play your main and race for the top level 90, in the long run it will be very profitable NOT to skip on doing your daily profession quests, even though you might have to put some time into doing that.

   A great example for this would be the new Inscription daily research in the form of a Scroll of Wisdom that will be the new way to obtain those glyphs. There are 21 glyphs to be learned from that scroll which means that if you skip on a single day then you are skipping on getting some serious profit because there are no other ways to get that glyph except for the research, which in return means that not even your competition will have them so you could have a monopoly on that given glyph for a day or a week depending on the competition's luck of the draw.

   And last but not least, as i put in the first image above that says "Maximize your profits by Syndicating" you should really think about doing just that.  I covered a variant of this tactic a while back in a post that was about making gold with the help of a friend, but now we are going to take that idea and further build on it.

   To make it as simple as it can be i will get down to the idea right away. You want to make a syndicate of a given profession ( Jewelcrafting in my case ) and invite the top sellers in the market to join you for the greater good of all of you. What this means is that you all get to an agreement on who takes which gems patterns and then among yourselves you can have 4-5 or even more people all gathering their profession tokens and working as one opposed to all of you going for the same gems and then miss out on the profits that are to be had by selling a particular gem that someone was looking for, but couldn't find it because noone had learned the pattern. 

   Though to clarify, when i mentioned that you want to divide the cuts what i meant is that if JC 1 learns to make STR red gem, JC 2 learns to make INT red gem and i learn to make the AGI red gem, then i send a stack of uncut gems to both of them, and they do the same to me and we get back a cut version of the gems. So that way in a single cycle that will be needed to get one pattern you end up with 3 patterns, and the market is going to be controlled by your syndicate, meaning the opposition will need a much longer time to get in on your market while you will be up posting ALL your gems and undercutting only with the people that are in your Syndication. But if you decide to play it fair you can put your friends in your white zone so you don't undercut them but that is between you and them.

   So bottom line, while you are waiting for MoP it would be a good idea to talk to the major players in your server economy and give them the opportunity and the idea of a syndicate, and try to explain why this would be a great profit making idea. So for now i leave you with that and wish you a great time and fun in MoP

   So, like always, keep an eye out for good opportunities out there.

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