How to make gold on a small realm

Last week, you responded surprisingly well to my column about fixing the economies on smaller servers. There are some big ideas in there, from merging Auction Houses to allowing the creation of buy orders.
But there's a problem with big ideas -- they're unlikely to be embraced quickly. A lot of you are stuck on slow, economically depressed realms, and little about your realm's economy is going to change soon. But don't give up hope. It is possible to make money on a smaller realm that sees low economic activity.
How? With a little bit of creativity, you can actually turn the problems of a smaller realm into avenues for profit.
Before we try to craft a game plan, let's talk for a second about the two major problems of playing on a smaller realm.
- Small realms have fewer buyers. This is perhaps the most obvious, hard-to-cope-with problem. There just aren't enough people around to buy what you're selling. On some items, sales are slow. On others, sales are non-existent.
- Small realms have fewer sellers. This appears to be a good thing -- it obviously means less competition. But it also means that sellers of raw materials are few and far between as well. How the heck are you going to make money selling potions, for example, if you can't get the raw materials to make them?
Focus on the top-selling stuff. On my high-traffic realm, I've sold a lot of esoteric stuff for damn good profit. Hundreds of thousands of gold worth of Darkmoon cards. Exotic pets. Swift Lovebird mounts. Big-ticket items that only 0.1% of the public was looking for. That works on my realm, but on a small realm, 0.1% might literally be two people.
Instead of going for the big scores, on a smaller realm, you're much better off going for the common scores. Sell things that have the biggest potential pool of buyers -- the most frequently bought and sold items. If you've ever dreamed of building a farming empire, a slow realm is a great place to do it.
If you're an alchemist, focus on top sellers such as Mythical Mana Potions. If you're a jewelcrafter, focus on Inferno Rubies. If you're a tailor, focus on bags and leg enchants. Take a look at what's being listed on sites like The Undermine Journal and what's getting sold. Then when you see an opening, jump in!
Get to know your buyers. Do you know how all those small-town mom and pop stores manage to stay in business? They know their clients. They forge relationships. It's one of the few beneficial things that you can do specifically because you've got a small realm.
How can you work this angle? Well, say you're an alchemist. You've been listing Mythical Mana Potions pretty steadily for a few weeks, and notice that you've really only got three customers. Why don't you try communicating with those buyers directly, offering to COD them a stack of potions every week? It's a win-win: They get a discount over the usual price, paid for (in part) by the fact that you don't have to pay AH fees. But more importantly, they get a reliable, steady source of potions at a reliable, predictable price.
And what do you get? Well, obviously, you get a reliable stream of income. But you also get a loyal customer, goodwill, and good advertising. Offer that you'll gladly make any other potion or flask they need at a fair price. You might be surprised at the orders you'll wind up taking.
Don't be afraid to get the mats yourself. Normally, I recommend against farming. It's time-consuming, and on most realms, getting mats is a simple effort of visiting the local AH or dealing with a farmer. On smaller realms, though, getting materials is a hassle. It's a function of the few sellers in the economic equation.
What's a business mogul to do? Well, on smaller realm, it may very well be worth your time to head out in the fields and farm up your own mats. It can be a real competitive advantage -- how's the competition going to make potions to list next to yours if there isn't any Whiptail or Cinderbloom on the AH?
Advertise! On large realms, buyers just go and buy it on the Auction House. It's because supply is good -- if they need an Inferno Ruby, they can be fairly confident that there will be one on the Auction House. But that's simply not the case on smaller realms. Supply of an item might be nil, or a needed item might be available but at an obscene markup.
The solution? Advertise your wares when the situation calls for it. If the Auction House lacked red gems until you showed up to list your batch of 10, tell trade chat about it. If you've restocked the supply of common enchants, tell trade. You may have a pool of anxious customers just waiting around to hear about it, especially if what they're looking for is traditionally in short supply in your neck of the woods.
Understand that the service you provide is valuable! On my last two driving trips cross country, I found myself making the beautiful journey down I-70 through one of the most desolate parts of Utah. On both trips, I stopped at the same Burger King in Green River, Utah.
It wasn't a coincidence. And it wasn't because I like Burger King. It was because that Burger King is pretty much the only freakin' fast food restaurant in a hundred-mile radius. And believe me, they know they're the only Burger King in about 100 miles. A Whopper there is crazy expensive. But I paid for it. And so did the other desperate travelers who stopped at the same restaurant.
You, fair reader, are that fair Burger King -- a fast food oasis in a vast desert. You've got a terrible location, and because of that location, hardly any customers. But look at it from your customers' perspective: You're the only damn place around selling Whoppers -- or really, meat sandwiches of any kind. You can charge $9.99 for a value meal. And given the fact that you have so few customers, you sorta have to charge that much.
If you're on a smaller realm, you're just plain working harder than those of us on larger realms. You have to deal with price fluctuations in materials, opening yourself up to more risk. You may even have to put in the time to farm materials yourself because it's the only way to make the sale.
We won't call it gouging, because it's not. It's adequate compensation for your work and the higher risk that you have to bear. A 5gold Mythical Mana Potion on a well-traveled server might be worth 15 gold in the middle of Green River, Utah. Remember, you'll only see one-third as many customers at your little Burger King, so you need to maximize your receipts where you can.
Filed under: Economy, Gold Capped






Reader Comments (Page 1 of 1)
Pyromelter Feb 27th 2012 8:24PM
Cross country twice? That sounds like a whopper of a road trip!
Bril Feb 27th 2012 9:02PM
You could buy a couple of boxes of Lara bars for the price of a value meal at that rate, and probably come out ahead nutrionally.
Bril Feb 27th 2012 9:03PM
Nutritionally* /sigh wtb better comment system
uni8que Feb 27th 2012 9:05PM
Was he (Burger) King of the road?
Sahara Feb 27th 2012 11:12PM
HAHAHAHAHA I've totally been to that Burger King... makes me glad that my hometown is way more populated than Green River
Duts Feb 28th 2012 11:08AM
Det. Horatio Caine says "Paying that much for a burger is...
/sunglasses
... hard to swallow!"
AAAHHHHHHHHHHHHHHHHHHHH!!
WON'T GET FOOLED AGAAAAINNNN!!
mord Feb 27th 2012 8:36PM
I'm making most of my money (on a low pop realm) via cheap Cata enchants. Since players are overall a bit more casual, there isn't as much pressure to have the absolute best enchants and best gems. That being said, people still want to enchant their gear. I'm making huge profit margins on things like Enchant Gloves - Mastery, Enchant Chest - Mighty Stats, and Enchant Gloves - Haste. The mats are 30-60g and I'm selling them between 100-350g. Not a lot of competition on the AH, but as Fox points out, there aren't a lot of buyers, so I'm still only making 1500g/day or less. High end enchants might be marked up 50% over mat cost, but I'm only selling 1 or 2 a week.
The other thing I've noticed on low pop realms is that the prices of raw materials will fluctuate wildly during the week. On Wednesday there might be just a couple stacks of ore for 100g/stack and then on the weekend you can buy a hundred stacks for less than 45g/stack. Similarly, I see Hypnotic Dust fluctuate between 2g and 9g each.
Perry Feb 27th 2012 11:43PM
You'll notice that weekends commonly have the greatest number of people farming.
Gosten Feb 28th 2012 1:18AM
Whenever I see 50+ stacks of ore on the AH posted at a low price in the morning, I just assume someone left their gathering bot program running overnight. However, on a low pop server there are a lot fewer people buying the gold that these botters sell, so you'd expect there to be less gathering bots running. I will accept that it's possible that it was done manually but it seems unlikely. When I do my own gathering I average maybe 12 stacks an hour, and I get bored long before a couple hours pass.
As a crafter, a large part of my profits rely on access to large volumes of gathered materials at low cost. This means the more botters on my server working the better it is for me and my customers. High pop servers mean more people buying gold, which means more rich customers, which leads to more botters selling them gold, which means more raw material supplies for crafters. It's a win-win system.
Luotian Feb 27th 2012 11:20PM
Side note: Middle of nowhere Utah is most of my state. The town I grew up in, hot and ready pizza was $7 for the same reason. Everything here is crazy expensive, kind of like the prices Horde side on my server. What I find for 5g on Allie side is 50g for my main. Coincidence?
JKWood Feb 28th 2012 8:11AM
This sounds like a market opportunity to me!
Pazazu Feb 28th 2012 1:18PM
Seriously. Get a partner to help you move goods from the alliance side to horde and resell them, then split a fat profit.
Schadenfreude Feb 28th 2012 12:12AM
It used to be the lack of buyers was the problem on my server (5th or 6th smallest in the US), and the AH was constantly flooded with cheap goods that no one could sell. But lately, in some areas I'm noticing a lack of sellers as well and stepping in (also the cheap goods seem to be gone... wonder if that has anything to do with the bot companies being taken down).
My niche has been to find glyphs that are commonly needed, but for some reason aren't on the AH regularly (I think my server's glyph barons have quit the game or are on hiatus) and to start putting them up. I also link my inscription and offer to craft any glyph for a fee, my mats or theirs.
Ironhorn Feb 28th 2012 1:02AM
I make my money from fish no one fishes on my server the whole market for fish is ran by me alone.
helenashcroft Feb 28th 2012 5:03AM
You have to play smart and find a niche. You need to monitor the price of the mats as well as the finished products and buy and sell at the right times. Sometimes I end up buying raw mats then leaving things ready to sell in my bank for 3-4 days in order to sell for max profit.
As well as this we swap more in our guild. I have no farming professions but I frequently swap raw mats for finished products for guildies, it saves them money and as a result guildies often hand over extra random mats they have gathered which I can make use of.
I always find it hard to get fish and meat on my realm (particularly cooked ready for raiding) I also find randomly I can make a fair bit of profit doing old school enchants/gems etc to people barking in trade. Common mats are hard enough to find so anyone who wants something more obscure or anything old always barks in trade and usually has their own mats.
toddless Feb 28th 2012 5:54AM
On my high pop realm someone decided it would be funny to tank the inferno price to 180-200 for a week. People still undercut/matched and blew out their stock. I purchased quite a few stacks. I just banked my massive stockpile and 1 week later I was selling cut gems for 310-350.
ravenpoe8 Feb 28th 2012 7:15AM
Also keep an eye out for instant turnaround for profit (this works on any realm I suppose). I often see maelstrom crystals going for around 200G on the AH but Heavenly shards are 125-130G. My enchanter can instantly turn 1 Maelstrom into 2 Shards and re-list for the profit for about 3 sec of work. Most professions have comparable "Turn this into That" skills that will work if you pay attention.
Kuhva Feb 28th 2012 7:27AM
As an inscription kingpin on a low pop realm life is sweet. There are 2 or 3 competitor but they are more selective in what they post (or its one guy doing stuff from different alts) I am the only one who posts everything that is profitable. I post two or three times a day and bring in 5k on a bad day and 10k on a normal day.
Philster043 Feb 28th 2012 12:28PM
That's a funny screenshot. XD
Especially when on my own server there would be a much larger crowd than that at the AH.