for other ideas on the glyph market and other general tips see the free Croda's Inscription Gold Guide
I am seeing more of these on sale at low prices. Doubtless picked up by players unsuspecting of their value and put on the Auction House.
These allow a Jewelcrafter, after a simple repair, to claim one Dalaran Jewelcrafter’s Token which goes towards buying Wraith of the Lich King Jewelcrafting recipes off the vendor.
There are two other ways to collect these tokens: one is to do a daily quest which is the norm - takes 5 minutes assuming you start of Dalaran (big ask); the other is to trade in 10 titanium dust which is hideously expensive.
On my server, Jewelcrafters are willing to pay up to 500 gold for these Damaged Necklace’s – so picking them up for less than 100 gold to flip is a sure fire winner.
They should be on everyones Snatch Lists.
Showing posts with label slow market trading. Show all posts
Showing posts with label slow market trading. Show all posts
Tuesday, 24 July 2012
Thursday, 19 July 2012
Surplus Inferno Inks – what to do with them
for other ideas on the glyph market and other general tips see the free Croda's Inscription Gold Guide
Now that times are slower ahead of the new content i am finding that my inventory of Inferno Ink is building up fast – they are proc’d from my milling of Cataclysm Inks.
Much like Snowfall ink i will doubtless get through them slowly at a profit in Mists of Pandaria – but despite that my inventory is still too high for my liking.
There are 3 things i do to turn them into gold: sell them; sell the crafted items; and disenchant them.
Firstly, i can try and sell them as Inferno inks.
On my realm Inferno Inks are selling on the Auction House for about 13gold to 28gold. Sales are slow.
Secondly, i can use them as crafting materials.
Inferno Ink is used in the crafting of 17 items – all only from Scribes, and most of which are offhands or relics. These are selling slowly but surely and at very high profit margins. However, despite this my inventory of inferno inks continues to build.
The third route is a derivation of the shuffle – i am watching this carefully.
One of the items i can craft is an Etched Horn. It requires 4 Inferno Inks and and 1 Scavenged Dragon Horn. The Scavenged Dragon Horn can be bought from Cassandra Downs in the Twilight Highlands (for the Alliance) [the Horde vendor is Una Kobuna] in the Twilight Downs for just over 17gold. Hence, the cost of crafting an Etched Horn is 69gold to 129gold.
They disenchant into 1 to 4 small heavenly shards – on my realm they are selling for 30gold, though the heavenly shards sell for 72gold suggesting that the true price of a small heavenly shard is 24gold (3 small heavenly shards for 1 heavenly shard)
Assuming an average of 2.5 small heavenly shards per disenchant then the disenchanting process is worth 60gold.
The Etched Horn gives the best disenchanting value per input of Inferno Ink.
I suspect in the coming weeks the price of Inferno Inks will fall sharply as Scribes dump their inventory on the Auction House whilst the price of Heavenly Shards will most likely hold. Therefore, once the price if Inferno Inks falls below 11gold i will switch from selling my Infernos Inks to crafting Etched Horns and disenchanting them with my enchanter.
I suspect i wont sell the shards but use them in my Enchanting market – which is my number two gold earner.
Furthermore, if i determine that the price of Heavenly Shards will hold its value in Mists of Pandaria then i may even become a buyer of Inferno Inks at the low values.
Now that times are slower ahead of the new content i am finding that my inventory of Inferno Ink is building up fast – they are proc’d from my milling of Cataclysm Inks.
Much like Snowfall ink i will doubtless get through them slowly at a profit in Mists of Pandaria – but despite that my inventory is still too high for my liking.
There are 3 things i do to turn them into gold: sell them; sell the crafted items; and disenchant them.
Firstly, i can try and sell them as Inferno inks.
On my realm Inferno Inks are selling on the Auction House for about 13gold to 28gold. Sales are slow.
Secondly, i can use them as crafting materials.
Inferno Ink is used in the crafting of 17 items – all only from Scribes, and most of which are offhands or relics. These are selling slowly but surely and at very high profit margins. However, despite this my inventory of inferno inks continues to build.
The third route is a derivation of the shuffle – i am watching this carefully.
One of the items i can craft is an Etched Horn. It requires 4 Inferno Inks and and 1 Scavenged Dragon Horn. The Scavenged Dragon Horn can be bought from Cassandra Downs in the Twilight Highlands (for the Alliance) [the Horde vendor is Una Kobuna] in the Twilight Downs for just over 17gold. Hence, the cost of crafting an Etched Horn is 69gold to 129gold.
They disenchant into 1 to 4 small heavenly shards – on my realm they are selling for 30gold, though the heavenly shards sell for 72gold suggesting that the true price of a small heavenly shard is 24gold (3 small heavenly shards for 1 heavenly shard)
Assuming an average of 2.5 small heavenly shards per disenchant then the disenchanting process is worth 60gold.
The Etched Horn gives the best disenchanting value per input of Inferno Ink.
I suspect in the coming weeks the price of Inferno Inks will fall sharply as Scribes dump their inventory on the Auction House whilst the price of Heavenly Shards will most likely hold. Therefore, once the price if Inferno Inks falls below 11gold i will switch from selling my Infernos Inks to crafting Etched Horns and disenchanting them with my enchanter.
I suspect i wont sell the shards but use them in my Enchanting market – which is my number two gold earner.
Furthermore, if i determine that the price of Heavenly Shards will hold its value in Mists of Pandaria then i may even become a buyer of Inferno Inks at the low values.
Tuesday, 17 July 2012
The Flipping Market – watch the cross realm prices!
for other ideas on the glyph market and other general tips see the free Croda's Inscription Gold Guide
i have had loads of emails on the Flipping Market following my prior post with some asking what the common traps are.
Below is one of those common traps:
A recent scan using the Undermine Journal showed a potential great deal to buy a “Pattern: Heavy Scorpid Belt” for 20.65gold when the mean price is 4772gold and one standard deviation is 1061gold. Hence, the current price is strongly below the mean less 2 standard deviations.
Indeed, a look at its recent posting history suggests that it is not often on the market and one has been on for 5000gold recently.
So far so good. But the next steps of my research shows a problem and emphasises why these steps are important.
On other realms the Pattern sells for a mere 85gold!
Therefore, it appears that we are seeing an inflated price here, caused by someone posting the Pattern for a very high price over a few days.
It is unlikely that my realm will have seen the prices jump to these new levels whilst the other realms have not followed. Hence, the mean price stated of 4772gold is unlikely to be a true and fair reflection of the price i would achieve and indeed a price of the mean price less one standard deviation is still very unlikely to be achived.
Hence, i did not buy this Pattern.
i have had loads of emails on the Flipping Market following my prior post with some asking what the common traps are.
Below is one of those common traps:
A recent scan using the Undermine Journal showed a potential great deal to buy a “Pattern: Heavy Scorpid Belt” for 20.65gold when the mean price is 4772gold and one standard deviation is 1061gold. Hence, the current price is strongly below the mean less 2 standard deviations.
Indeed, a look at its recent posting history suggests that it is not often on the market and one has been on for 5000gold recently.
So far so good. But the next steps of my research shows a problem and emphasises why these steps are important.
On other realms the Pattern sells for a mere 85gold!
Therefore, it appears that we are seeing an inflated price here, caused by someone posting the Pattern for a very high price over a few days.
It is unlikely that my realm will have seen the prices jump to these new levels whilst the other realms have not followed. Hence, the mean price stated of 4772gold is unlikely to be a true and fair reflection of the price i would achieve and indeed a price of the mean price less one standard deviation is still very unlikely to be achived.
Hence, i did not buy this Pattern.
Thursday, 12 July 2012
Scribe scrolls – i am selling more of these
for other ideas on the glyph market and other general tips see the free Croda's Inscription Gold Guide
Just recently i have started selling a lot more of the Scribe scrolls – notably Scroll of Agility IX and Scroll of Intellect IX.
Unlike many other items a scribe can produce, these scrolls can be substituted by other items – either a spell or a flask, for example.
These scrolls give the users an increase in the relevant ability by 100 for 30 minutes and counts as a battle elixir or gives some other stat increase and counts as a guardian elixir.
Hence, an increase in sales of these Scribe’s scrolls would indicate that there is demand and that the substitutes are not available or only available at a higher price.
I suspect during these slow times ahead of the Mists of Pandaria there are players levelling their toons at a time when the flask equivalents are not available.
These Scrolls of level IX all cost 1 blackfallow ink and 2 resilient parchment to craft 5 at a time. Given herbs are now selling for 2 gold each (40 gold a stack) that equates to each five scrolls costing c7 gold (each stack of herbs produces c6 inks) and therefore each scroll costing 1.4 gold.
I sell them with a threshold of 10 gold each and a maximum price of 15 gold each making a hefty profit.
I set the threshold price at 10 gold so that if someone else starts posting lower i don’t start a price war and take the price all the way down to 1 gold – which is perfectly possible given these scrolls have competition from other items such as flasks.
I post 10 single scrolls at a time and they all sell at once.
At the moment i am the only seller and therefore i am selling each scroll for 15 gold.
Just recently i have started selling a lot more of the Scribe scrolls – notably Scroll of Agility IX and Scroll of Intellect IX.
Unlike many other items a scribe can produce, these scrolls can be substituted by other items – either a spell or a flask, for example.
These scrolls give the users an increase in the relevant ability by 100 for 30 minutes and counts as a battle elixir or gives some other stat increase and counts as a guardian elixir.
Hence, an increase in sales of these Scribe’s scrolls would indicate that there is demand and that the substitutes are not available or only available at a higher price.
I suspect during these slow times ahead of the Mists of Pandaria there are players levelling their toons at a time when the flask equivalents are not available.
These Scrolls of level IX all cost 1 blackfallow ink and 2 resilient parchment to craft 5 at a time. Given herbs are now selling for 2 gold each (40 gold a stack) that equates to each five scrolls costing c7 gold (each stack of herbs produces c6 inks) and therefore each scroll costing 1.4 gold.
I sell them with a threshold of 10 gold each and a maximum price of 15 gold each making a hefty profit.
I set the threshold price at 10 gold so that if someone else starts posting lower i don’t start a price war and take the price all the way down to 1 gold – which is perfectly possible given these scrolls have competition from other items such as flasks.
I post 10 single scrolls at a time and they all sell at once.
At the moment i am the only seller and therefore i am selling each scroll for 15 gold.
Friday, 6 July 2012
The Holiday Battlers are back!
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
The Holiday Battlers are back on my server, and they are in a hurry.
These are the intrepid players that come back to World of Warcraft during the (school) holidays. Their aim is to level up and gear up - and to that end they need the gold. And their time is limited - they need to do this fast. No doubt they can see Mists of Pandaria on the horizon and want to be prepared for that as well.
They run and dungeons, do the raids and hit the quests. From all that exhausting efforts they have items to sell.
They know about the Auction House but they don't know the true value of what they post - especially rare drops where pricing data is limited. They want to make a quick sell.
To that end, i am scanning the Auction House for good deals more often using the Undermine Journal quick deals page and my Snatch Lists.
I plan to write a post in my Flipping Business in the near future which is expanding fast - no doubt helped by these Holiday Battlers during this time.
The Holiday Battlers are back on my server, and they are in a hurry.
These are the intrepid players that come back to World of Warcraft during the (school) holidays. Their aim is to level up and gear up - and to that end they need the gold. And their time is limited - they need to do this fast. No doubt they can see Mists of Pandaria on the horizon and want to be prepared for that as well.
They run and dungeons, do the raids and hit the quests. From all that exhausting efforts they have items to sell.
They know about the Auction House but they don't know the true value of what they post - especially rare drops where pricing data is limited. They want to make a quick sell.
To that end, i am scanning the Auction House for good deals more often using the Undermine Journal quick deals page and my Snatch Lists.
I plan to write a post in my Flipping Business in the near future which is expanding fast - no doubt helped by these Holiday Battlers during this time.
Tuesday, 3 July 2012
Selling more of Rituals of the New Moon
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
This is another item i am selling more of recently.
A scribe can produce a random book called Rituals of the New Moon with 5 Ink of Sea + 3 Eternal Shadow + 10 Resilient Parchment. On my server that costs about 120gold (it used to be 85gold but costs are rising as the supply of Eternal Shadows falls). The book created is either red, white, black or grey.
The acquirer of the book is able to transform into a giant wolf for 2 minutes. The colour of the wolf is determined by which book they buy: red; white; black; or grey. When transformed the user is pacified and silenced though they are able to, still do things like using or creating items.
The Rituals of the New Moon can only be crafted by a Scribe. It does not drop from a mob nor can it be bought from a vendor. Scribes therefore are the sole supplier.
Furthermore, few Scribes bother to post these - making the supply very low.
Clearly, it is an item that serves no purpose other than aesthetics and yet there is demand. There is very little competition on my server reflecting the low demand – though i now sell one a day.
I used to differentiate between the books given grey is the most common but now i just sell them all for 500 gold.
This is another item i am selling more of recently.
A scribe can produce a random book called Rituals of the New Moon with 5 Ink of Sea + 3 Eternal Shadow + 10 Resilient Parchment. On my server that costs about 120gold (it used to be 85gold but costs are rising as the supply of Eternal Shadows falls). The book created is either red, white, black or grey.
The acquirer of the book is able to transform into a giant wolf for 2 minutes. The colour of the wolf is determined by which book they buy: red; white; black; or grey. When transformed the user is pacified and silenced though they are able to, still do things like using or creating items.
The Rituals of the New Moon can only be crafted by a Scribe. It does not drop from a mob nor can it be bought from a vendor. Scribes therefore are the sole supplier.
Furthermore, few Scribes bother to post these - making the supply very low.
Clearly, it is an item that serves no purpose other than aesthetics and yet there is demand. There is very little competition on my server reflecting the low demand – though i now sell one a day.
I used to differentiate between the books given grey is the most common but now i just sell them all for 500 gold.
Wednesday, 27 June 2012
Selling more of Certificate of Ownership
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
I am selling more of these recently.
Perhaps hunters are coming back before Mists of Pandaria to level up and at the same time choosing to change their pets name?
The Certificate of Ownership can only be crafted by a Scribe. It is the only thing that a Hunter can use to change their pet's name - it does not drop from a mob nor can it be bought from a vendor. Scribes therefore are the sole supplier.
Furthermore, few Scribes bother to post these - making the supply very low.
If a Hunter wants to change the name of their pet, they are unlikely to be put off by the price of this scroll. Therefore, the sales price need have no relevance to the cost price. The sales price merely need not be off putting.
To craft it costs 2 celestial inks plus 1 common parchment. On my server that is c10 gold per certificate. The 48 hour deposit fee at the Auction House is 15 silver.
I sell them for a maximum of 100 gold and a minimum of 20 gold. So my profits per certificate sold is 10 to 90 gold. I post 5 at a time in singles.
I am selling more of these recently.
Perhaps hunters are coming back before Mists of Pandaria to level up and at the same time choosing to change their pets name?
The Certificate of Ownership can only be crafted by a Scribe. It is the only thing that a Hunter can use to change their pet's name - it does not drop from a mob nor can it be bought from a vendor. Scribes therefore are the sole supplier.
Furthermore, few Scribes bother to post these - making the supply very low.
If a Hunter wants to change the name of their pet, they are unlikely to be put off by the price of this scroll. Therefore, the sales price need have no relevance to the cost price. The sales price merely need not be off putting.
To craft it costs 2 celestial inks plus 1 common parchment. On my server that is c10 gold per certificate. The 48 hour deposit fee at the Auction House is 15 silver.
I sell them for a maximum of 100 gold and a minimum of 20 gold. So my profits per certificate sold is 10 to 90 gold. I post 5 at a time in singles.
Monday, 25 June 2012
When to sell inks instead of glyphs
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
My minimum price for selling glyphs is 40gold. It takes 3 inks to make a glyph therefore i should be indifferent to sell inks at c14gold each.
However, i must consider the actions of me selling inks at this price.
Firstly, the only buyer of inks are other scribes and the only reason they would buy inks is to craft glyphs or other inscription items or to level.
I can’t slow down the levellers (the future competition) by restricting my sales of inks to Blackfallow Inks – they can merely buy those inks and convert them to their required inks. So, by selling inks i do provide the future competition with a route to levelling. But at least i pick up gold along the way.
The other Scribes will be buying my inks to produce items to post on the Auction House to compete with me.
Now, by selling inks at 14gold i am setting their floor price at c40gold per glyph. Given most of my competitors are willing to take glyph prices down to 15gold my actions of selling Inks at 14gold is forcing them to reset their prices upwards and therefore forcing discipline into the market.
Another way of looking at this is that for every 3 inks my competitors buy off me i therefore can claim 40gold of each glyph they sell (i am their cost price).
I can withdraw my sales at any time.
Therefore, i am happy to sell inks at 14gold each.
My cost price per Ink is 7 gold (it takes c3.33 Whiptail per Ink) therefore my profit per Ink is 7 gold (or 21 gold per 3 inks bought = the profit per glyph sold at my minimum price of 40gold).
My minimum price for selling glyphs is 40gold. It takes 3 inks to make a glyph therefore i should be indifferent to sell inks at c14gold each.
However, i must consider the actions of me selling inks at this price.
Firstly, the only buyer of inks are other scribes and the only reason they would buy inks is to craft glyphs or other inscription items or to level.
I can’t slow down the levellers (the future competition) by restricting my sales of inks to Blackfallow Inks – they can merely buy those inks and convert them to their required inks. So, by selling inks i do provide the future competition with a route to levelling. But at least i pick up gold along the way.
The other Scribes will be buying my inks to produce items to post on the Auction House to compete with me.
Now, by selling inks at 14gold i am setting their floor price at c40gold per glyph. Given most of my competitors are willing to take glyph prices down to 15gold my actions of selling Inks at 14gold is forcing them to reset their prices upwards and therefore forcing discipline into the market.
Another way of looking at this is that for every 3 inks my competitors buy off me i therefore can claim 40gold of each glyph they sell (i am their cost price).
I can withdraw my sales at any time.
Therefore, i am happy to sell inks at 14gold each.
My cost price per Ink is 7 gold (it takes c3.33 Whiptail per Ink) therefore my profit per Ink is 7 gold (or 21 gold per 3 inks bought = the profit per glyph sold at my minimum price of 40gold).
Saturday, 23 June 2012
Farming Whiptail & the GatherMate2 Addon
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
With herbs in short supply and assuming i have a spare hour here and there then now may be the time to start gathering for myself. In fact, i find it a useful way to spend time whilst listening to gold making podcasts.
My favourite farming spot is in Uldum.
It helps that my herbalist is a mage and so i can set my Hearthstone to Rumkahen in Uldum and then teleport to any of the main cities i need to.
As the graphic below shows, there are plenty of whiptail spawn spots nearby and using my mage i can gather 20 stacks of Whiptail per hour. This is enough to make 40 glyphs (and c30 Inferno Inks). The mobs are single Riverbed Crocolisks with c54k hp – and they guard about 30% of the spawn points, if that.
In all pleasurable way to pass an hour leaving enough mental ability to concentrate on the podcast going on in the background. I sometimes find competition – but not much these days (hence the low supply of whiptail on the Auction House).
And my favourite addon is GatherMate2. (i used to use Gatherer but GathererMate2 is lighter and updated).
As the graphic above shows it does two things. Firstly, every time you gather a herb it marks its position on the main map. Secondly, on the radar map it makes the spot where a herb will spawn with the green circle. You need to gather the herb to allow the addon to record the details.
Just makes farming for herbs an ease and joy.
With herbs in short supply and assuming i have a spare hour here and there then now may be the time to start gathering for myself. In fact, i find it a useful way to spend time whilst listening to gold making podcasts.
My favourite farming spot is in Uldum.
It helps that my herbalist is a mage and so i can set my Hearthstone to Rumkahen in Uldum and then teleport to any of the main cities i need to.
As the graphic below shows, there are plenty of whiptail spawn spots nearby and using my mage i can gather 20 stacks of Whiptail per hour. This is enough to make 40 glyphs (and c30 Inferno Inks). The mobs are single Riverbed Crocolisks with c54k hp – and they guard about 30% of the spawn points, if that.
In all pleasurable way to pass an hour leaving enough mental ability to concentrate on the podcast going on in the background. I sometimes find competition – but not much these days (hence the low supply of whiptail on the Auction House).
And my favourite addon is GatherMate2. (i used to use Gatherer but GathererMate2 is lighter and updated).
As the graphic above shows it does two things. Firstly, every time you gather a herb it marks its position on the main map. Secondly, on the radar map it makes the spot where a herb will spawn with the green circle. You need to gather the herb to allow the addon to record the details.
Just makes farming for herbs an ease and joy.
Tuesday, 19 June 2012
Herbs running low
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
On my server herbs are now running in short supply and the prices have moved up to 2gold a whiptail (40gold a stack) if i am lucky. And that includes the weekend.
Two things happening here.
Firstly, demand for glyphs (and potions) has been low in the pre new content slowness hence herb farmers are absent from the market. Thus supply of herbs is severely restricted.
Secondly, people, including myself, are slowly starting to stock up for Mist of Pandaria. Hence, a new demand for herbs that is unrelated to the current demand for glyphs (and potions). Indeed, i am picking up herbs of almost any type that go for 1.5gold (30 gold a stack). Worth noting that on my server the herbs for Shimmering Ink and Jadefire Ink i can get for 1gold (20 gold a stack) quite easily.
Perhaps during the holidays i will get the chance to buy herbs cheaper. But at the moment i am slowly building up my stocks for the new content.
I can already see the effect of holiday players when i see Northrend herbs (Ancient Lichen , Dreaming Glory, Felweed , Mana Thistle , Netherbloom , Nightmare Vine , Ragveil and Terocone) put on the Auction House for 1gold (20 gold a stack).
The good news is that this is forcing the price of glyphs up. Though mainly because a competitor is running short of herbs to mill. The demand for glyphs remains unchanged and lowish.
On my server herbs are now running in short supply and the prices have moved up to 2gold a whiptail (40gold a stack) if i am lucky. And that includes the weekend.
Two things happening here.
Firstly, demand for glyphs (and potions) has been low in the pre new content slowness hence herb farmers are absent from the market. Thus supply of herbs is severely restricted.
Secondly, people, including myself, are slowly starting to stock up for Mist of Pandaria. Hence, a new demand for herbs that is unrelated to the current demand for glyphs (and potions). Indeed, i am picking up herbs of almost any type that go for 1.5gold (30 gold a stack). Worth noting that on my server the herbs for Shimmering Ink and Jadefire Ink i can get for 1gold (20 gold a stack) quite easily.
Perhaps during the holidays i will get the chance to buy herbs cheaper. But at the moment i am slowly building up my stocks for the new content.
I can already see the effect of holiday players when i see Northrend herbs (Ancient Lichen , Dreaming Glory, Felweed , Mana Thistle , Netherbloom , Nightmare Vine , Ragveil and Terocone) put on the Auction House for 1gold (20 gold a stack).
The good news is that this is forcing the price of glyphs up. Though mainly because a competitor is running short of herbs to mill. The demand for glyphs remains unchanged and lowish.
Thursday, 7 June 2012
its been a while, im back
for other ideas on the glyph market please follow the link to the free Croda's Inscription Gold Guide
well, got myself a beautiful girlfriend that pulled my WoW time down to nil. So, managed to re-arrange my time and will be getting in some (not a lot) of WoW time again.
i will start by making observations of how the market has changed and what i am doing to make gold during these summer months ahead of the new release: Mists of Pandaria.
well, got myself a beautiful girlfriend that pulled my WoW time down to nil. So, managed to re-arrange my time and will be getting in some (not a lot) of WoW time again.
i will start by making observations of how the market has changed and what i am doing to make gold during these summer months ahead of the new release: Mists of Pandaria.
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