Gold Capped: How to profit from every single new patch

Being good at making gold in WoW is more than simply finding a gold tip online and executing it on your server, along with everyone else who read the same article you did. One of the most important traits that will help you get past this is perception -- being able to distill facts and data into patterns that you can use to prepare for similar situations in the future.
I'm not talking specifically about predicting the future, not even trying to capitalize on "copy-paste tradeskill development." I'm talking about something much simpler than that: making money when a patch is released, for example. If you pay attention, you'll notice some things happen every single patch. If you can figure out what they are, you may be able to take advantage of them and make a decent profit.
Almost every single patch brings with it new content, and this usually means new gear and more people coming back from time away from the game. For example, in patch 4.1, we had two new 5-mans added. A bunch of new gear was equipped by a bunch of existing and new players, and all this gear has to be gemmed, enchanted, and otherwise improved. All this adds up to an increase in demand for a variety of products.
Enchanting Mats: Time to stock up
One of the first things that feels the supply pinch in a new patch is enchanting mats. New gear gets enchanted, and now that there's a cheap and plentiful supply of Maelstrom Crystals in the new 5-mans, people are starting to enchant their gear with the best-in-slot options. Enchanting mats are such a high-volume market that the prices are quite stable, unlikely to swing greatly from day to day.
Conversely, when there is a swing, there's a lot more money to be made. You can post several thousand dust and have it sell overnight. Part of this is due to the fact that scroll makers act as a mats warehouse; each of them will stock up when the price is good to avoid low margins if the prices go up for a short period.
There are too many ways that enchanting mats enter the market to cover them all, but there are only two that you can cover proactively: buying or making gear for disenchanting. In fact, one of the few features left in Auctioneer that's not (yet) done better by a smaller addon is the ability to parse through the AH and filter down to the items that can be disenchanted for a profit. If you don't use it, stick to crafting for disenchanting. Most professions can make cheap greens and blues, so pick the cheapest one and make as many as you want to disenchant. I'll put together a list of these one day and make a column out of it.
Even if you don't have the desire or ability to actually make mats, you can participate in the patch gold rush by buying them when they're cheap and holding them until the patch. This is a risk because if the price goes down, you're going to lose money. That's not likely to happen after a patch, though. One of the risks of buying for later resale is that the buying pressure you exert initially can increase your price, and the selling pressure you exert later can reduce your price. The more people brokering goods this way, the less the difference in price before and after the patch will be.
This effect, while reducing profit for speculators, actually benefits consumers. When people complain about auctioneers ruining their fun, I point out to things like this. The reason enchanting mats aren't out of stock or unreasonably expensive the day after the patch, even though the number being bought and used has tripled, is that someone decided to stock up and make sure they had some available when this surge in demand hit.
A gem of a way to profit
Jewelcrafters also benefit on patch week. All the new gear coming into the market being enchanted is likely also being gemmed, and that means demand for cut and uncut gems will skyrocket. As with enchanting mats, you can either produce more in anticipation or buy some expecting to resell them.
If you can't cut gems, I'd stick to the obvious high sellers (like cut reds) and avoid the niche cuts, even when they seem dirt cheap. If you can cut gems, just stock up on uncuts, but do your best to get reds more than anything else. At one point after 4.1, the 14 intellect gems I make a point of keeping on the AH at all times were going every 15 minutes, and that's with all my competition posting at the same time. I ran out of uncut reds quickly and wish I had prepared better.
All kinds of stuff
There's a wide variety of items that increase in demand when the patch hits. Leatherworking, blacksmithing, tailoring, and engineering all have item enhancements they can sell. Typically, these share mats with other items, though, and that means that the impact on the buy side will be muted. Still, there will be an increase in demand, so making (or buying) a few extra might be worth it. When I have the time and cheap mats, I've been known to make belt buckles, and they were flying off the shelf for a few days as more and more people got epics out of the new 5-mans.
In addition to demand for item enhancements, some patches will also bring new craftable gear. The 4.2 datamining has shown tons of new PvP and PvE craftables for quite a few professions, and these will likely fly off the AH shelves for the first few weeks as people fill in their missing slots. Not every patch brings this type of new gear, but when they do, you'll have a month or two of notice.
Class changes
Lastly, when a patch brings class changes, there are often changes to glyphs that could result in a run on one or another glyph. Last patch, we had a new glyph from research, and quite a few mages picked it up. If you're a scribe, follow the patch notes and see if any of them will likely result in a demand surge for a glyph, and be prepared to supply it.
If you're not a scribe, you can only profit off changing glyphs and only if you catch them at a low price. If you're feeling cocky or lucky, you could buy a seed glyph at full price, post it at a much lower price (still above mats cost), and buy all the stock that gets put up just under that.
Filed under: Economy, Gold Capped






Reader Comments (Page 1 of 1)
Neo6488 May 12th 2011 5:14PM
One big one is meta gems. Every new helm needs a meta and people aren't afraid to pay high for them since it's only one gem and most people will figure they will be using it for awhile.
Poltergeist May 12th 2011 5:40PM
Metas can be tricky I find. I don't doubt that they will be in high demand immediately after patch 4.2, but I find it's usually the first market to crash back down after a major patch, and for good reason. Every character only needs one. By contrast, each character will require an investment of multiple gems and enchants, keeping the prices higher for a bit longer.
I've never lost money on metas, but I've seen my profit margin shrink much more quickly for metas than other gear enhancements.
Elwoods May 13th 2011 5:44AM
During Wrath I made most of my money from meta gems listing 6 of each every morning/evening.
This seems to have changed slightly for cata with them not selling as well. This could just be more competition or people just using the "cheaper" metas.
Synchronizor May 13th 2011 2:22PM
Metas do tend to drop off a while after a patch comes out, but if you can be prepared to supply the initial jump in demand, you can do real well off them. Just have a lot of uncut metas ready, and keep a supply of the popular cuts (especially the world drop designs) posted. Even after the initial demand surge drops off, metas are a good way to make money, and are a market a lot of people seem to overlook.
Jason Ralph May 12th 2011 5:54PM
My wife is die hard Alliance. I'm Horde till the day I die. WoW is the only thing we don't see eye to eye on (and yes, we play on a PvP server lol).
One of the easiest ways to make gold is play the Alliance and Horde auction house against each other. While it takes having someone you trust of the opposite faction, if can find said person, gold capping in moments is really easy. And I mean really easy.
Matthew May 12th 2011 6:30PM
Intriguing - how do you do this?
By the way you're right and she's wrong.
For the Horde.
Rylka May 12th 2011 6:58PM
Short answer, buy cheap on one side and sell high on the other. Demand and supply are almost always different for each faction on the same server, if for no other reason than because populations are rarely perfectly balanced. Add to that faction specific recipes, items, and pets that will always sell higher on the other side, and you can make a nice profit even with the steep cut taken by the goblin middlemen. :)
The only problem is that this takes two accounts as Blizzard will not let you buy your own auctions even if the toons are on opposite factions. That means multiboxing or having a partner you trust. My spouse and I make a point of keeping opposite faction bank alts in Booty Bay on every server we play on just so we can easily do this kind of exchange.
If you trade during off peak hour times and have real time communication with your partner, you can even try to reduce the cut the goblins take by selling for low prices. You risk an opportunist snatching your goods cheap, but with good coordination (we count down out loud) you can keep the window of vulnerability very small.
Time is money after all friend. /thumbsup
Jason Ralph May 13th 2011 12:19AM
The above post is correct. You'll soon find that gold isn't a limiting factor, but rather, the number of characters you can have on one account.
I'm sure it raises questions on how to exchange gold, but that's easy. If my wife has made gold, I auction something off (a random junk item) for roughly half of what we made, she buys it, and viola I have the gold.
This aside, keep in mind you'll have the ability to crash/dominate/wreck your economy. I'm sure several will be tempted, and some may. Just keep in mind if you draw the ire will of the people on your server, you'll soon find yourself either leaving behind your fortune (there's a cap on what you can transfer to another server with) or unable to play on whatever characters they (other players) know you by.
Basically, just because you can, doesn't mean you should.
Xantenise May 13th 2011 4:59AM
Be careful of the 15% cut. Doesn't look big as a percentage, but god is it ever.
Amaxe May 12th 2011 6:38PM
Isn't step #1 "Steal Underwear"?
rasheman123 May 12th 2011 10:09PM
I thought it was "Cut a hole in a box"...
Sally Bowls May 13th 2011 1:17AM
Another excellent article.
However, I would like to point out that 4.1 was the exception. The gem change meant that you did not really want to have [uncommon] gems or enchanting materials when the patch hit. ( If jasper and hessonite drop from 9g to 5g, that drops the break even point at which people will make & d/e. )
@Rylka using an actual alt to trade cross-faction is not the safest. Competitors or dubious guildies get a warning when you log on and may notice you are in Booty Bay. Buying with the RAH allows you to purchase without anyone in BB or showing up in a friend's list.
Vladpr May 13th 2011 10:57AM
Not sure what I'd do to a guildie that tries to steal from me(Which is what he's doing if he continues to buy your partner's auctions after letting him know what you're doing). I'd certainly no longer consider that person a guildie and would probably even go through troubles to get them gkicked lol (we don't sell to guildies, so I'm sure 'stealing' is also prohibited lol ... blame the small family guild I'm a part of ...
But great idea to avoid the competition who actually has your alts on their friend's list. I doubt any of my competition have any of my mains on their friend's list, I only ever post/bark on my AH toon, but to be safe I'd do this on my worgen I never play ... no chance of being detected then.
I used to transfer vendor pets with a guidie's help, and talking through Vent, since back then there was no RealID. I would give her 1-2 sets of the pets for her help :)
Mike May 19th 2011 6:43PM
There is always my favorite post patch profit zone: bots break.
With patches typically come 2 problems for botters:
+ Ban waves (typically come around the the time of big patches
+ Offset changes
When Blizzard updates their executable for the new patch, they scramble all of their offsets that the botters latch on to for their dirty work. They then must wait for the bot creator to update.
When that happens you can make all kinds of delicious money on the raw material famine. Or such is my own experience anyway.