Skip to Content

WoW Insider has the latest on the Mists of Pandaria!

Posts with tag gold-tips

Preparing a money making strategy for Mists of Pandaria

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

Yes, I know, Mists of Pandaria is a long way off -- too long for most of us WoW addicts. But in terms of making money, no event will mean more to your bottom line than the MoP launch. New patches and expansions are where fortunes are won and lost. If you dream of getting to 1 million gold (or even a more modest figure), the best time to do it are the few days and weeks following the launch of a new expansion.

If you're going to take advantage of the Mists of Pandaria gold rush, you're not going to want to wait until the last minute. You're going to want to work out a plan now, so you know exactly what to buy and what to make.

Read more →

Filed under: Economy, Gold Capped

What days should you buy or sell on the Auction House?

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

There's no question that time is a very powerful influencer of prices. Most typically, time affects prices via inflation, the natural and inevitable tendency of things today to cost more than things cost yesterday. But that's far from the only way that time affects prices. A Love Is In the Air holiday pet is likely going to be less expensive to buy now than if you wait nine months from now. The cost of i397 BoE gear is going to continue to decay right up to the launch of the next expansion.

It's not a phenomenon unique to the game, of course. Those Super Bowl cakes are going to be a lot cheaper at the supermarket today than they were on Saturday. And if you can wait until January to shop for your winter clothes, you're going to get a far better deal than if you do it in October. A lot of prices are cyclical.

But how do those cycles work in the game? If you're a buyer of mats, when should you head to the Auction House to grab what you need? If you're a seller of ore, should just skip listing it certain days to maximize your profits? Let's see what the data say.

Read more →

Filed under: Economy, Gold Capped

Five myths about making gold

treasure box
Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen and Fox Van Allen aim to show you how to make money on the Auction House. Check out Fox and Basil's reboot of Call To Auction, and email Basil with your questions, comments, or hate mail!

Gold making is one of those games you can play without much cooperative interaction with other players. If I hadn't been set straight about how to raid by cooperative guildies when I started, I'd still be as bad as I was when I started, minus any progress I'd have made myself. This type of environment is a breeding ground for less-than-optimal gold making strategies, so here are five myths about gold making that continue to require banishment.

1. Mats are free if you don't pay gold for them. It doesn't matter whether you picked up a gem from a Satchel of Exotic Mystery, farmed a stack of herbs, procced a bonus somehow, or mugged someone. If you figure your cost on the mats for whatever you're selling as what you actually paid for it, you're doing it wrong. The value of crafting mats is what you could sell them for.

Read more →

Filed under: Economy, Gold Capped

The WoW economy code of ethics

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him or tweeting him at @foxvanallen.

There's nothing more American than the idea of making money off the labor of others. Wall Street was built on it. Presidential campaigns are built on it. Even World of Warcraft fortunes are built on it. If you want to be a member of the 1%, you have to do it off the labor of the 99%.

The whole process sounds a lot more unethical than it really is. After all, just about any sale of a physical good involves someone else's labor. You may have put a lot of work into building that lemonade stand yourself, but did you work the fields to harvest the sugar cane? And while you may be the one selling that Darkmoon Card: Volcano trinket, were you the one who collected the thousands of herbs and Volatile Lifes? Or did you visit the Auction House and profit off a farmer's efforts?

Profiting off of others is simply how money is made. But we have a social responsibility to make money the right way. Without an in-game legislature or an in-game court system, what rules and laws should we operate under? As the engines of the World of Warcraft economy, what are our ethical responsibilities? How do we make money without causing social harm?

Read more →

Filed under: Economy

The man who gave away 1,000,000 gold

Since the launch of patch 4.3, transmogrification has been big business for players on the Auction House. But it's a hard market to get a logical handle on, like building an empire on selling classic oil paintings or finely aged wines. How do you know what a piece of gear is worth based on looks alone? How can you make money by dealing, essentially, in random world drops?

Instead of muddling through the topic myself, I decided it would be smarter to go straight to the expert. No one knows more about making money in the transmogrification market than Keelhaul of Proudmoore (US) -- or as he's affectionately known around the internet, the Mogfather. His goal was simple: Prove that the transmogrification gear market was profitable. Forty-five days and 1 million gold later, it's safe to say his point has been successfully proven.

But if you think banking a million gold in 45 days is remarkable, wait until you hear what he did next: He gave it all away.

Read more →

Filed under: Economy, Gold Capped, Transmogrification

How to make 146g in Maelstrom Crystals in 5 minutes

Maelstrom Crystal Prices
Every week, WoW Insider brings you Gold Capped, in which Basil "Euripides" Berntsen and Fox Van Allen aim to show you how to make money on the Auction House. Check out Fox and Basil's reboot of Call To Auction, and email Basil with your questions, comments, or hate mail!

All enchanters know that Maelstrom Crystals can be expensive, especially now that more players than ever have access to pretty good epic gear through the Raid Finder. This increase in demand has touched all professions that make things that improve gear, including enchanting. I know I went from paying under 90g for a Maelstrom Crystal to paying over 250g at one point soon after the launch of patch 4.3 and the Raid Finder, and that was after stockpiling (and subsequently blowing through) more than 75 stacks. If I knew then that I could have been making them in unlimited supply at 146g each, I'd have made a lot more.

Read more →

Filed under: Economy, Gold Capped

Gold Capped: Tracking the most frequently bought and sold items

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or constructing a multi-million dollar video wall for his benefit.

One of my favorite topics here on Gold Capped is World of Warcraft's problem with inflation. If affects just about everyone in a very negative way, regardless of whether they're an Auction House maven or a casual player. Inflation makes any gold your character is holding worth less and less by the second, making work you do now far less valuable than work you do later. It even affects the way developers approach the economy, from the amount of gold you get for finishing a daily to the creation of new gold sinks.

By most anecdotal measures, in-game inflation is wildly out of control. And that's one of my problems as WoW Insider's other market follower; the only evidence of inflation we have is ancedotal. There's no real solid way for us to measure inflation in the game and understand what's working to control it and what's not.

The question got my mental gears turning. In the real world, inflation is measured using something called the Consumer Price Index. Creating an in-game version of the CPI intrigues me, but to figure out the best way to construct it, we need to first figure out the answer to another difficult question: What do people buy the most of in-game?

Read more →

Filed under: Economy, Gold Capped

The Fastest Way to 10,000 Gold: The Fox Van Allen counterpoint

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

Basil, you ignor... Kidding.

Last week, I found out that my Auction House teammate Basil Berntsen was writing an article for WoW Insider titled "The fastest way to make 10,000 gold." Before I even read the first word of the column, my first instinct was that it was a great idea for a column. My second instinct: I'll bet my idea of the fastest way to getting 10,000 gold is different than Basil's idea of what's fastest.

To be sure, Basil has some good ideas. Ore shuffling. Converting herbs to ink. But I've got my own ideas as to the fastest way to earn money.

Read more →

Filed under: Gold Capped

Profiting off the Darkmoon Faire

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first born to him.

Hey everyone, great news! The Darkmoon Faire is back in town! From now until Saturday, Jan. 7, you can play some games, eat some carnival food -- and oh yeah, make a ton of money off it.

Usually when new content is released, it's only the level 85 characters who can make money hand over fist. But the coolest thing about the Darkmoon Faire is that you don't need to be a level 85 character to participate or even profit off it. A level 20 character can have just as much fun at, get just as much benefit, and even make as much money as a level 85. It just takes the right amount of knowledge.

And, oh yeah, it also takes a Darkmoon Adventurer's Guide. You're carrying one of those on you at all times, right? Right? Well, according to Wowhead, most of you sub-level 85 players aren't. And that's a gigantic missed opportunity for a lot of money -- thousands upon thousands of gold. The kind of money that's just unheard of at lower levels.

Read more →

Filed under: Economy, Gold Capped

Gold Capped: The art of negotiating for luxury goods

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

As someone who greatly enjoys getting presents, I love Christmas. But the truth is that I love the day after Christmas just as much. On Dec. 26, all the stores know you're loaded up with cash and gift cards from your relatives. It's the one day of the year where I get to shop for luxuries as if they're everyday purchases.

The urge is there in World of Warcraft, too. I've worked so hard all year long to make money. You have too. But you can't just sit on those millions forever. Money in WoW is a tool -- it's pointless if you don't spend at least a little bit (or, in the case of today's column, spend a lot of it just to prove you can). I'm not just talking Mechano-hogs and Vials of the Sands here, expensive though those purchases may be. I'm talking about the true World of Warcraft luxuries -- your Magic Rooster Eggs and Swift Spectral Tigers, things only a true Auction House maven will ever own.

When an item is being sold in absolute minimal quantity, it's simply impossible for markets to do what they do best. You can't get the opinions of hundreds of sellers, cross-matched against the opinions of hundreds of buyers, to get one reliable, stable market price. You get the opinion of one seller (if you're lucky) cross-matched against your own senses. If you think this is a simple market to play in, you're wrong. It's the elite level, like a game of Jeopardy! where all three contestants are Watson supercomputers. And because it's the elite level, tactics can get (and are almost expected to get) real dirty, real fast.

Read more →

Filed under: Economy, Gold Capped

Gold Capped: A tailoring leveling guide

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

Here at WoW Insider, we've been on a beginners' class guide kick. But after taking the time to put together my shadow priest leveling guide (and after reading the warlock leveling guide written by my less talented coworker), I realized that we didn't have any kind of leveling guides for professions. Time to fix that! After all, you need professions to make money.

But first, the most important question: What professions should your character choose? The best answer is always going to be "whatever appeals to you most" -- but if you're a magic-using, cloth-wearing class, I'd recommend you at least take a look at tailoring. By leveling it, you get access to Lightweave Embroidery, one of the best level 85 buffs in the game for casters.

Of course, you can level tailoring on any character, and a lot of the craftables you make can be sold at a profit. But if that character can't use the buffs from the profession, you're missing one the key benefits to max leveling a profession.

Read more →

Filed under: Economy, Cataclysm, Gold Capped

The post-patch 4.3 rare gem market

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

Some things in life never change. Heart will always be the best band of all time. Tyler will always be dangerously underweight. And gem prices will always spike after a new content patch, often by 100% or more.

The best way to profit off of (relatively) short-lived price increases is to stockpile ahead of time. While it's clearly too late for that, there are still plenty of opportunities to profit off the rare gem market before demand dies down. It's not too late.

Regardless of whether or not you're a jewelcrafter, you've probably noticed that the market is going crazy. The red gems everyone wants are scarce enough to result in doubled (or even tripled) prices. And because people aren't gemming red because of the cost, more folks are buying orange, purple, and to some extent even blue, green, and yellow gems. Why? Socket bonuses are pretty attractive, and if you're expecting to have a piece of gear for only a week or two, why spend 300 gold, especially when you can get a decent boost out of a gem that costs a tenth of that?

Read more →

Filed under: Economy, Gold Capped

Gold Capped: The future of Chaos Orbs

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him. And be sure to catch the return of Basil and Fox's podcast, Call to Auction!

When patch 4.3 first launched, the market price for Chaos Orbs on my server was about 400 gold. It didn't take long for the price to fall, though -- as of Dec. 4, the average market price is about 56 gold. Frankly, that's much lower than I'd have expected them to get so soon.

Don't get me wrong, though. I'm not complaining. Quite the opposite: I'm excited. That's because low-priced Chaos Orbs are a tremendous opportunity out there for crafters of just about all stripes.

The current supply

Do you have a large supply of Chaos Orbs sitting in your bags? You're not alone.

As things currently stand, most Auction Houses seem to have a surplus of Chaos Orbs. This shouldn't be too surprising. We've known for quite some time that Chaos Orbs would be going BoE in patch 4.3. A lot of people who didn't have immediate profitable uses for the orbs (such as tailors) saved them up. And now that they can sell the things, they're trying to do just that.

Read more →

Filed under: Economy, Gold Capped

New craftables and valor BoEs for patch 4.3

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first-born to him.

With every new patch comes new opportunity. And when patch 4.3 goes live today, there will be plenty of opportunity in the form of selling new i397 gear.

But what's the right route to maximizing your profits? Tailoring snazzy new pants for the fashionable mage? Sewing wristpieces for all those boomkin who are really into leather? Or maybe you're going to trade comfort for fashion and have your blacksmith hammer out a pair of Truegold pants?

Let's take a look at all your options, both crafted and BoE.

Read more →

Filed under: Economy, Gold Capped

Gold Capped: Why Mysterious Fortune Cards will always be stupidly profitable

Every week, WoW Insider brings you Gold Capped, in which Fox Van Allen and Basil "Euripides" Berntsen aim to show you how to make money on the Auction House. Feed Fox's ego by emailing him, tweeting him at @foxvanallen, or sacrificing your first born to him.

Last week on Gold Capped, I discussed how to make money playing the glyph market. It's hands down the most popular way that scribes try to make money. Problem is, it's probably the hardest route to riches I know. Glyphs tend to fester on the Auction House, and most go unsold. And yet despite this, no single profession has made me more money over my WoW lifetime than inscription has.

Confused? Don't be -- I'm about the blow the lid clear off the most profitable aspect of inscription: Mysterious Fortune Cards. Yes, seriously. They're still making people boatloads of money.

Read more →

Filed under: Economy, Gold Capped

WoW Insider Show 

Subscribe via  iTunes for our latest show.

Hot Topics


 

Upcoming Events

Event Date
Hallow's End 10/18 - 11/1
Day of the Dead 11/1 - 11/3
Darkmoon Faire 11/2 - 11/9
BlizzCon 2014 11/7 - 11/8

Around Azeroth

Around Azeroth

Featured Galleries

Mists of Pandaria Screenshots And Concept Art
Mists of Pandaria Screenshots of the Day
Kalimdor in Minecraft
It came from the Blog: Lunar Lunacy 2012
It came from the Blog: Caroling Carnage
It came from the Blog: Hallow's End 2011
It came from the Blog: Pilgrim's Bounty 2011
Mat's Birthday Wish
WoW Tier 13 Armor Sets

 

Categories