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Gold Capped: How to use trade chat to make gold

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

When was the last time you saw trade chat used to actually trade more than Chuck Norris jokes? Interestingly, it can actually be used for making gold! This might be a bit of a paradigm shift, so bear with me here.

Trade chat is simultaneously one of the most overused and underused tools in our toolbox. Non-auctioneers sometimes use it almost exclusively because the addon-free auction house is intimidatingly badly designed. Gold-making pros sometimes get so wrapped up in their own business that we miss out potentially profitable chats.

So how can you use trade chat to profit?

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Filed under: Economy, Gold Capped

Gold Capped: 5 addons for profitable buying, selling and crafting

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

You can make gold in World of Warcraft without addons. You can also PvP and raid without addons; however, for the vast majority of people, that would result in lower performance. Unlike PvP and raiding, however, there is absolutely no way to use the default UI to be as productive in the auction house as you would be with addons. The default Blizzard UI for professions and the AH was not built for making money.

I divide gold addon users into two groups: the people who want everything to be as efficient and streamlined as possible, and the people who simply want to be able to do basic tasks without as much hassle as the default UI imposes on us. Let's call them "power auctioneers" and "retail auctioneers." What addons are available now, and how can you use them to accomplish your goals?

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Filed under: Economy, Add-Ons, Gold Capped

Gold Capped: Profiting with tailoring

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

Tailoring is a profession often accused of being a profitless pursuit. While any profession can be unprofitable if you try hard enough, let's talk about some of the things you can do with tailoring. I'm going to start with the market that's newest for this expansion: PvP gear.

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Filed under: Economy, Gold Capped

Gold Capped: Can you ever have too many alchemists?

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

I got an email from Kaefera that got me thinking:

I have recently been leveling 9x level 75 characters on my server, to completely abuse professions and make some serious cash. I'm currently giving each of them alchemy, I have 4 transmute specced alchemists so far, currently growing at a rate of an alchemist a week.

My question to you is more of a suggestion, what would you suggest to grab as a secondary profession on each of them? I would like something similar to my Truegold, where I can log on once a day on each character, craft/do whatever in 5 minutes, then move to the next.

So this is something I've heard before, but more in Wrath of the Lich King, when alchemist cooldowns represented a very serious amount of gold per day. The reasoning was (and is) that if you level a bunch of alchemists, you can log in once a day to each character to use their cooldowns and make disgusting amounts of gold with virtually no effort. The question is, does this still work well enough to justify the investment?

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Filed under: Economy, Gold Capped

Gold Capped: Improving the default auction house interface

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

The default interface for the auction house could use some loving. It's an essential part of players' gaming experience, and whether they use it or not, its design has an effect on them. We've seen many examples of Blizzard designing parts of their UI to include features provided by addons that had become so prevalent that everyone had to run them. For example, threat didn't always show up on the default frames -- back in my day, we had to run Omen to avoid pulling aggro from the tank.

It's important to recognize that not every valuable interface tweak belongs in the basic WoW UI, though. If it's a feature that's only used by a small segment of players or is unnecessarily complex, it's probably best off in an addon. You won't see me advocating that the base AH UI keep historic pricing numbers, for example. It is, though, a travesty that you have to page through hundreds of pages of single auctions to get to the lower priced stacks.

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Filed under: Analysis / Opinion, Economy, Add-Ons, Gold Capped

Gold Capped: Ore-splosion

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, comments, or hate mail!

The auction house is starting to have to stack all the ore they're listing for sale out back of the warehouse. Elementium Ore and Obsidium Ore have, in the last few days, been listed in quantities most people would consider unimaginable at prices that make auctioneers cackle. Until they realize that everyone has gotten this amount of stock. Level ones have been cropping up like mushrooms and listing hundreds of stacks of ore per night on every server I've checked into. I'm not the only one who has written about this.

Everyone loves cheap Cataclysm ore. It means cheap blacksmithing goods, cheap gems, cheap enchanting mats, and cheap engineering items. It also has the unique benefit of having the highest price floor of any ore ever introduced to the game. Obsidium prospects into 6 green quality raw gems and an average of 0.3 rare gems per stack, and elementium into 4 green and 1 blue. This means that if you do nothing but cut and vendor the greens for 9g, the "floor" for obsidium is 54g, and elementium is 36g. Then you have the rares. This floor is the bare minimum of what the ore is worth, but it's used for so many things. What else can we do with all of it?

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Filed under: Economy, Gold Capped

Gold Capped: TradeSkillMaster, the last trade skill and finances addon you'll ever need


Every week (since Feb. 14, 2010), WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house. Email Basil with your questions, hate mail, or guild applications!

edit: This post introduces the addon and concepts, but for a hands on setup guide, check out the basic and advanced posts.

I have been playing around with a new addon, TradeSkillMaster. I've talked about a whole slew of other tools players can use to make money before, but none of them are anywhere near as awesome as TSM. Before I jump in, though, you should all probably know that this addon is still in beta. There are a few little bugs I've encountered (and reported), but the addon works very well in its current state. Please note that when you download the addon, you will need to download each module separately, as the entirety of the addon's functionality is accessed through the modules. They are linked in the description section of the TSM main page, but if you have a Curse Premium account, you can get them all at once.

TSM is now my main tool for every single one of the markets I'm active in. That said, Sapu, the creator of the addon, needs help. He's done 95% of the code on the project so far, so if any of you are looking for an opportunity to work on an exciting and popular World of Warcraft addon project, I'd be just thrilled if it was this one. Down to business: what does TradeSkillMaster do, and why am I so excited that I wrote a post about it before it's done?

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Filed under: Economy, Add-Ons, Gold Capped

The Undermine Journal reboots with AH sales profiles

I reported when it went offline, and it looks like The Undermine Journal is back. It's added a bunch of realms, to boot. Additionally, the development blog post linked above has a few tidbits about some features coming down the pipes, including Twitter direct messages as a potential vehicle for market notifications. Also exciting is the possibility of a raw auction house feed being made available (for free), so other sites could make AH mashups of their own without having to redesign the armory crawler.

This site is an amazing tool for stalking the auction house efficiently when you can't be directly in front of an AH. Combined with the Remote Auction House, this allows people to keep a semi-persistent presence on the market without needing to be in game all day. It's also invaluable for researching new markets and strategizing against your serious competitors. In fact, the only feature people have really voiced a lot of concern about is the seller activity page. The heat map can tell people when it's worth logging in to undercut, which can lead to people feeling like they're being unfairly targeted. The current items section tells interested players what other markets they could target someone in.

The standard response to concerns is that this is all just data, and what people do with it is not the fault of site that makes the data accessible. There is no privacy in an open market, and just like you can hardly be upset if someone puts a photo of a sale sign in your storefront window on the internet, you can't get upset if a site like the UJ makes everything you have for sale available through a public interface.

Personally, I like being able to stalk my competition more than I'm afraid of what they might do by stalking me. After all, there's only one of me and at least 50 of them. Additionally, I like to practice what I preach about market agility, and I like to think that every time a competitor closes a door on me, I can find a new door.

Maximize your profits with more advice from Gold Capped, plus the author's Call to Auction podcast. Do you have questions about selling, reselling and building your financial empire on the auction house? Basil is taking your questions at basil@wowinsider.com.

Filed under: Economy, Time Is Money

Gold Capped: How to farm Maelstrom Crystals

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. Email Basil (new address is basil@wowinsider.com; old one no longer works) with your comments, questions or hate mail!

The Maelstrom Crystal used to be disenchantable from an easily crafted epic. This was hotfixed, and the prices have unsurprisingly shot through the roof. People still want their gear enchanted, however, and for some reason these things keep appearing on the auction house. Where are they coming from? How can you get them? This article will discuss the current cheapest methods for getting them.

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Filed under: Economy, Time Is Money, Cataclysm

Drama Mamas: Proper AH etiquette when a guildie helps craft

Drama Mamas Lisa Poisso and Robin Torres are experienced gamers and real-life mamas -- and just as we don't want our precious babies to be the ones kicking and wailing on the floor of the checkout lane next to the candy, neither do we want you to become known as That Guy on your realm.

So. Dreamy. I perhaps should have warned you that if you are going to send letters that contain even the slightest hint of a Jane Austen reference, this kind of thing would happen. Well, now you know.
Hi,

I recently had an issue with a guildie that I would like to ask about. At the beginning of the expansion, it was a goal of mine to get one of the Darkmoon Card trinkets crafted. As we all know, it is no small task. A fellow guildie (and fellow officer) offered to help me with the task. So I immediately flicked the farm herb switch, and set out to make it happen.

After a couple of weeks, more research into available trinkets, and nearly 60 stacks of herbs, I was one card away from the deck. I was able to purchase the last card for a good sum of gold and finally had my deck ready for the Darkmoon Faire. With all of the gear research I had done, I concluded that the trinket I had worked so hard for was going to be replaced very quickly. So I decided that I'd try to sell it, reasoning that there were other personal goals I had in the game that could benefit from a chunk of gold.

After posting it on the AH and being away for a day, my guildie that crafted it for me shot me a fairly aggressive tell saying how he thought selling it was a low thing to do. He explained that he even used some of his own herbs to craft the cards and that the only reason he offered to begin with was to help a guildie get raid-ready. I took it off the AH so as not to cause problems and explained that I wasn't aware he had to use his own mats to help make it all. I found out later that he had been ripping me to others about selling it before he spoke with me. I posted an explanation in our forums of why I was going to sell it at all. apologized if I offended anyone, and stated that I would be using it after all.

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Filed under: Analysis / Opinion, Drama Mamas

Gold Capped: Selling enchanting scrolls in Cataclysm

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. Email Basil (new address is basil@wowinsider.com; old one no longer works) with your comments, questions or hate mail!

Enchanting is a very straightforward business. You have a few steady sources of income; however, one of the reasons that its overall profitability is high is that Blizzard put it behind the level 84 phasing wall, making a huge chunk of the profession in Cataclysm only accessible to people who have access to the shard trader.

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Filed under: Economy, Cataclysm, Gold Capped

Gold Capped: Alchemy in Cataclysm


Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. Email Basil (new address is basil@wowinsider.com; old one no longer works) with your comments, questions or hate mail!

Alchemy is, again, a money-maker this expansion. The market isn't as straightforward as it was in Wrath of the Lich King, but it's definitely worth the slot on a character. One of the nice things about alchemy is that there is no alchemy vendor in Twilight Highlands who refuses to come out and do business until you clean up the first quest area at level 84. Now if only I had known which professions would require that and been able to stack them on a smaller number of characters than I did ...

Today, we're going to talk about how to make money using flasks, potions, and transmutes. Two pieces of vital information: First, specialization procs account for as much as 20% extra product from the same mats. Second, while you can only have one specialization per character, you can change it for 150g by visiting the appropriate NPCs in Outland (one to unlearn, one to learn). Assuming you do your business in batches, this is probably cheaper than wasting another character's profession slot on a second alchemy tradeskill. If you need help with this badly documented process, just look up the mastery you are unlearning, and revisit the NPC that trains it to unlearn it.

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Filed under: Economy, Cataclysm, Gold Capped

Gold Capped: Take the Mysterious Fortune Card house advantage

Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. For Gold Capped's inside line on making money in game, check in here every Thursday, and email Basil with your comments, questions or hate mail! This week's gold blogosphere post is Anaalius's Darkmoon deck report.

There's a craze in /trade. People are advertising Mysterious Fortune Cards that can be flipped to rarely turn into a Fortune Card that vendors for 5,000g. Like lambs to the slaughter, enough people head to the AH and buy a few that it's become a serious moneymaker for scribes. I use the expression "lambs to the slaughter" mostly in jest.

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Filed under: Economy, Gold Capped

Gold Capped: Juggling the Volatiles market in Cataclysm


Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. For Gold Capped's inside line on crafting for disenchanting, transmutation, cross-faction arbitrage and more, check in here every Thursday, and email Basil with your comments, questions or hate mail! This week's gold blogosphere post is BigJimm's post about profiting off the world events.

The new elemental crafting materials are called Volatiles. Volatile Earth, Volatile Air, Volatile Water, Volatile Life, and Volatile Fire are going to be by-products of herbalism, mining, and killing certain mobs. While they're technically farmable (unlike ore, skins, and herbs), the only way to farm Volatiles is to camp things that drop them or to collect them as by-products of mining or herbalism.

Let's look at the sources for each type of Volatile. Bear in mind that this is just beta information and thus is completely subject to change (as well as probably a little unreliable because of the small sample numbers).
  • Elementium Vein will contain Water, Earth, Fire, and Air Volatiles.
  • Pyrite Deposits will contain Fire and Air Volatiles.
  • Obsidium Deposits will contain Air and Earth Volatiles.
  • Herb nodes will all drop Volatile Life.
  • There are a variety of elemental mobs that drop all the Volatiles, the most farmable of which are in Twilight Highlands.

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Filed under: Economy, Cataclysm, Gold Capped

Gold Capped: Auctionator addon helps you buy, sell and profit


Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen aims to show you how to make money on the auction house, and Insider Trader, which is all about professions. For Gold Capped's inside line on crafting for disenchanting, transmutation, cross-faction arbitrage and more, check in here every Thursday, and email Basil with your comments, questions or hate mail! This week's gold blogosphere post is Kaliope's Cataclysm jewelcrafting coverage.

Auctionator is a simple, lightweight addon that allows you to do some pretty basic stuff very efficiently. I've said before that there are some serious problems with the auction house interface, and even though the last design pass left it in a better situation than it was before, it's still pretty bad for a few reasons:
  • You can't see the price of your competition when you are listing your auctions.
  • The default suggested price is absolute nonsense and doesn't contain a buyout.
  • You can't see the unit price for auctions when you buy.
  • You can't sort by anything useful when you buy.
  • You can't save searches to avoid retyping each time.
None of these are game-breaking, but they're the reason every single person with over 100,000g uses addons. I am still an Auctioneer user, but while its dev team was sitting on a nonfunctional development build when patch 4.0.1 broke the addon, I had to go elsewhere to avoid being tormented by the almost functional default interface. I discovered that of all the addons I played with, Auctionator is the one that will remain part of my toolbox going forward, simply because it has a few killer features that I find easier to use for some tasks.

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Filed under: Economy, Add-Ons, Gold Capped

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