Making Money

Spent quite a bit of time today Leveling my Warlock (56!) and making money in the AH. Learned some things from the Greedy Goblin (I would post a hyperlink, but either the site or this pc won't let me.) And, as simple as the tricks are, by the end of the day, most of my moneymaking plans were copied by someone else...

The one thing I've been doing consistently for months is buying Silk Cloth and selling Bolts of Silk. It takes 4 silk to make one bolt; I buy 4 stacks of Silk Cloth for about 1.5G each, turn it into 1 stack of Bolts, and sell that stack for 20G. So for 6G cost and about 5 minutes of down time, I'm making 333% profit! I have NO IDEA what people are buying Bolts of Silk for, and I don't care. That has worked for MONTHS, until tonight I checked my auctions and someone undercut me by 20s... SO, i pulled all of my auctions and reposted, undercutting him by 1G. We'll see if it worked tomorrow...

My other ploy is with Eternal Fire and Eternal Water. These break down into 10 Crystallized Fire or Waters; I bought Eternal Fire for 20G, broke them apart, and managed to sell quite a few Crystallized Fire for 5G each! 150% profit! Waters were even better as the Eternal water is selling for 2-3G, and the Crystallized Waters sold for 2-3g... 1000% Profit, and people are buying it up like marijuana at a middle school.

My 3rd venture I stumbled across by accident, and another guy saw it just after I did. Someone had posted 8 stacks of Copper Ore for 4G each... while ALL the other Copper was selling for 20G. I started scooping them up, and after I had grabbed a few I started getting a message "Item Not Found"... when I refreshed, the stack was gone. I managed to grab 6 of the 8 stacks and turned them into 500% profit within hours.

I've been using these tactics for a few days now, and was on for several hours today, when I noticed at the end of the day, my auctions were being undercut, and I was getting a lot of the materials back. Going thru the mailbox, I realized that I had put A LOT of the same merch out on the shelves. As they say at Wu-Tang financial "You got to diversify yo' bonds, my nigga!" I think part of the reason I didn't get as good of returns has to do with me flooding the market with MANY stacks of these items, and leaving it open to be cut. I have enough capital now to sit on my investments for a bit and let the market even out, plus I'm not even in Outland yet on this server to see what other tidbits I can farm and make cash on.

Check out the Greedy Goblin if you get a chance, he's a real asshole, which I like in a guy, and he's got some really good points and ideas...

The Angry Man