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9-02-2010 @ 11:32AM
I recently started putting effort into making money. Oh, I had money, just not a lot. I had three 80s, each of which would have 2500-5000g at any one time. I didn't worry about money, but I never got close to a chopper or mammoth or any of the really high end craftables, or the Kirin Tor money sinks, um, rings. After reading a few articles on making money, I got busy. I started with my Tailor. Emerald Bags and Soul Pouches sell regularly for good profit. Spellthreads were dicey. Sometimes I could make money, others ... not so much. So I created a spreadsheet and listed the mats and their cost, and calculated what I could sell at and still make a profit (including AH cut!). Once I knew my costs, I could do a better job of buying mats. I knew what price point I wanted, and I didn't go above it. This led to a few dry periods where mats were scarce or expensive, but I just rode it out. Over time, I started to accumulate mats very cheaply. Know your prices and stick to them. Don't over-pay for your mats. Also don't pass up cheap mats because you already have some. Buy cheap, always.From there I moved on to other professions I have maxed. Blacksmithing was basically worthless for profit, but alchemy (Xmute master) gave me a daily Epic Gem xmute, as well as the xmute for titanium (huge money maker) which could then be smelted to Titansteel (huge money maker). Then I leveled JC. I have found that Northrend blue gems are much better profit than Epics. Everyone has the epic recipes, and there is lots and lots of competition. I can barely make 10g on an epic cut. Blues however, I sell every day for 20g+ profit each. JC of all the professions I have leveled takes the most WORK to make money with, just because there are so many different recipes, and you need to research them. Accurate Ametrine may have a large profit margin, but it doesn't sell quickly. I may have to list them 3 times to get one sale. Epic gems have a high list cost on the AH and if you fail to sell, it hurts.Some BC and Vanilla recipes make good money. Soul Pouches are relatively cheap to make and I sell 5 a week at 75g each. Silver Spellthread also sells for 75g+.Once you know you markets, it is fairly easy to make money. Three months ago, my bank had 2000g. Today it has almost 40,000g and I am bringing in 10,000g profit a month right now. Nobody starts there. Learning the markets takes time and some hard work. Nobody jumps right in and makes huge money immediately, especially not in these mature markets. You need to put in time to learn the market on your server. This will not come easy. You need to search the AH and find what mats and finished products are selling for. Once you have that knowledge, you can find a way to make money.
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