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Posts with tag supply

Gold Capped: This is the wrong way to do epic gems

boxes vendor
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. Email Basil with your questions, comments, or hate mail!

Epic gems are here, and they're designed differently than we're used to. To be specific, they're designed without fairness baked in, which is somewhat of a new feeling for people who weren't around buying epic gems in The Burning Crusade.

Fairness is actually the wrong word for this. Life isn't fair, and neither is WoW. Instead, I'll talk about balance. Blizzard has gone to great lengths to ensure that the game remains fun for as many people as possible by trying to avoid changes that suddenly disadvantage an arbitrary subset of players or shift the desirability of choices made a long time ago.

Balanced changes don't force competitive PvP and raiding group to play the gold-making game to be on a level footing with the competition. They also don't provide a tangible itemization difference between the profession perks of different crafting professions.

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Filed under: Economy, Gold Capped

Gold Capped: Upcoming Volatile Fire shortages

scene firelands dailies
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. Email Basil with your questions, comments, or hate mail!

Volatile Fire is quite cheap now but will not remain so after patch 4.3. Volatiles are a cornerstone of the crafting and economic design of WoW, as each one has several types of items that require it for production. When the prices of Volatiles increase, crafted goods go up in price and raw materials go down in price.

Very few people farm exclusively for Volatiles, as they're usually given a small chance to drop off things that are worth considerably more than the Volatiles themselves (like ore veins and elementals). That's part of why the Volatiles market is exceptionally susceptible to changes that change the way a lot of people play and loot. In this case for Volatile Fire, right now a ton of Fires are coming from people continuing to do Fireland dailies. Patch 4.3 is around the corner and will likely have something cooler for people do with their time than grind for entry level raiding and PVP gear. What can you do to protect yourself and profit from these changes?

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Filed under: Economy, Gold Capped

Gold Capped: Inventory balancing in TradeSkillMaster

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!

TradeSkillMaster is the most powerful addon used to automate crafting and batch posting, and today, we'll be learning how to fine-tune the number of items created based on your selling history. Generally, when you started using TSM, you set up a default number of items for each trade skill group that you wanted it to keep in stock. For example, I told it to:
  • Always craft enough scrolls that I had two on the auction house when they were profitable.
  • Always craft enough of each meta-gem cut to ensure that I always had three on the AH when they were profitable.
Now when I hit the Restock Queue button in enchanting or jewelcrafting, it queues up enough stock to bring my inventory levels to two scrolls or three gems. What if I invested in some recipe I sell a lot more of, though?

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Filed under: Economy, Gold Capped

Gold Capped: Firelands panic sell-off

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!

Patch 4.2 and the Firelands raid have arrived, bringing with them an entire new tier of gear, all of which will need to be properly enchanted and gemmed. There are BOP raid drops, BOE crafted gear, BOE trash drops, and of course, tons of valor point and PVP gear. If, like me, you speculated that all this activity would result in a massive increase in demand for enchants, gems, and item enhancements, chances are you stockpiled. So, have you sold everything you bought?

I didn't. On my realm, the prices for all types of goods have fallen back to their pre-4.2 stockpiling levels. There has been a noticeable bump in certain markets like cut gems and volatiles; however, some of that may be due to a distinct reduction in miner activity over the last few months. The days of 20g Elementium Ore stacks are over, for now.

What happened to all the demand projected for patch 4.2? Should you panic sell your stock before it goes any lower?

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Filed under: Economy, 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: The effect of mega-blogs on your business

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 (new address is basil@wowinsider.com; old one no longer works) with your comments, questions or hate mail!

I've been called a lot of things by a lot of people. The reality is that every time I write about a specific business or tip for making gold, hundreds of people will end up trying it out, and if I write something about one of your favorite (or most profitable) businesses, you may find some of these people competing with you.

The number of people participating in any specific market is going to fluctuate over time naturally, but as I've said before, the people who have the most success are the ones who hang in for the long run. That said, these people tend to have a strange relationship with each other. They're competitors and will undercut vigorously, but they tend to spend less effort on their tenacious competition than one would expect.

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Filed under: Economy, Gold Capped

Insider Trader: Make a profit from Cataclysm blacksmithing

Insider Trader is a column about professions by Basil "Euripides" Berntsen, who also writes Gold Capped about how to make money using the auction house. Email Basil your questions.

Blacksmithing is a very profitable profession at level 85 if you have the time to manage it. There are a few different markets that you have to choose from, so as soon as you have access to the Twilight Highlands metal trader, you will be able to start buying the patterns you'll need.

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Filed under: Economy, Insider Trader (Professions), Cataclysm

Gold Capped: Meta gem deep dive


Want to get Gold Capped? Every week, Basil "Euripides" Berntsen takes a short break from building a raiding guild on Drenden (US-A) to write up a guide that will help you make gold. Check out the Call to Auction podcast, and feel free to email Basil any comments, questions or hate mail!

I've talked before about meta gems, however I feel they deserve more than a paragraph buried in the middle of a jewelcrafting post. Like many of the best businesses, metas are purchased by all end game players and many leveling players. They provide a hefty bonus to PvE and PvP, come in a variety of flavors and (most importantly) get purchased every time someone upgrades their helm.

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Filed under: Gold Capped

Gold Capped: The pinch


Want to get Gold Capped? Every week, Basil "Euripides" Berntsen takes a short break from trying to build a raiding guild on Drenden (US-A) to write up a guide that will help you achieve the goal of acquiring 214,748 gold, 36 silver and 48 copper. Well, technically that's just a symbolic milestone. The goal is making gold, no matter how much you have or how much you want. Got feedback, questions or hate mail? Email Basil!

I've spent the last few months describing different ways to make money. I've also touched on auction house "PvP" a bit but haven't talked about it in depth. The reality is that when you post something for sale, every sale you make is a sale your competitors don't make. The reason I got involved with the AH and in-game economy at the beginning was that I needed money and hated farming. The reason I stayed? My competition.

You know that feeling you get when you are in a battleground and everything just lines up, and you win? That feeling is what I get when I empty my mailboxes every morning. Playing the AH would be much less rewarding if there were no competition.

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Filed under: Economy, Gold Capped

Gold Capped: Market timing


Want to get Gold Capped? Watch this space every week as Basil (also of the Call to Auction podcast, the Hunting Party podcast and outdps.com writes about making gold in the World of Warcraft. Have questions, comments, or threats for him to get off your damned server? Email Basil!

The prices for all kinds of things fluctuate. I talked a little about this in my post for casual auctioneers, but there is serious money to be made with market timing for very little investment. Basically, the goal is to watch prices for a few weeks, try to predict their next swing, and take advantage by buying low and selling high.

Watching prices

Easier said than done, like most things worth doing. You might get hundreds of items you'd like to watch, and short of a photographic memory or a manual spreadsheet, you're going to need some help keeping track of it all. Enter Market Watcher. This is a nifty addon that, once configured, allows you to scan the auction house for just the things you're interested in, and will show you a graph of their prices over time once you get a couple scans done.

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Filed under: Economy, Add-Ons, Gold Capped

Patch 3.3: Fishing pool guarantees and what it means for the market

Wryxian has written a book on fishing over on the forums -- he originally responded to the thread with a quick link that affirmed in patch 3.3, you will never ever catch trash from fishing pools, regardless of your fishing level. If you put the bobber in a pool, you'll get what you're supposed to, no matter what (presumably to allow even low level players to do the fishing quests). But players have problems with that. First, there's the old issue of things always getting easier as the game changes -- people are complaining that they had to level with missed catches and trash, and those who level fishing after 3.3 won't. For that, I don't have a better answer than Wryxian does: that's just the way it works. The game is ever-changing, and most changes make things easier. That shouldn't devalue what you did before.

The other issue is that this may destroy the fishing economy -- if even low level characters always get the fish they want 100% of the time, that means more fish in the market, which means any money high-level fishermen would have made off of rare fish will probably go bye-bye. But Wryxian says that's OK -- people will still use fish for themselves, and he believes that the pain of losing that AH sale will be solved by the bonus of always getting the fish you want. We'll have to see -- it's true that between the updates to cooking lately (and the future fishy updates we're expecting), Blizzard is making sure the secondary professions are much less exclusive, which means there has to be the balance of also making them less lucrative.

Patch 3.3 is the last major patch of Wrath of the Lich King. With the new Icecrown Citadel 5-man dungeons and 10/25-man raid arriving soon, patch 3.3 will deal the final blow to Arthas. WoW.com's Guide to Patch 3.3 will keep you updated with all the latest patch news.

Filed under: Fishing, Items, Fan stuff, Blizzard, Making money, Wrath of the Lich King, Forums

Playing the AH on Patch Day

Richard and Paul are both way smarter (and by consequence, way more rich) than I am. They thought ahead, took notes on all the ingredients for the brand new recipes in 2.2, and had all the supplies sitting at high prices on the AH yesterday, ready to be sold to anyone who didn't want to wait to make the new items. Beautiful. I'm jealous-- wish I'd thought of it first.

Soulcloth is the big winner, it seems-- it requires Netherweave (which pretty much everyone has), and tons of Soul Essences, which basically drop like candy in Karazhan. If I recall correctly, Soul Essences have sold ok but not great in the past (at least on my server), and they probably still won't sell well, once everyone's made everything they want. But for the next few days, while everyone's learning the new recipes, you'd probably do well to clean out your Soul Essence inventory.

Primal Shadow and Primal Air are also doing well from the patch, but since those are Primals, they're fairly rare anyway-- if they were really everywhere (like, say, they dropped off of every demon in the world), Blizzard would change things. But over the next few days (and probably every few days after a big set of crafting changes, so keep an eye out for 2.3 profession news), there's lots of money to be made.

Filed under: Patches, Analysis / Opinion, Tips, Tricks, Making money

Amazon still has Burning Crusade CE in stock

In case you really wanted it, the Burning Crusade Collector's Edition apparently isn't all that collected-- it's still in stock at Amazon for $74.99, a few bucks off the original price. The original Collector's Edition is a little harder to find-- it's been out of stock for a while, and copies are going for around $200. eBay is the same story-- you can buy the BC:CE for as little as $50, while the original CE is going for much, much more.

My guess is that it's the old laws of supply and demand-- by the time Burning Crusade dropped, everyone knew it would be a hit, so Blizzard made a bunch, while the original CE probably had a lot fewer copies made. But the noncombat pets might be a draw as well-- the original CE had Diablo, Zerg, and Panda pets, while the Burning Crusade only had a pretty unimpressive Netherwhelp pet.

And the other interesting question is what will happen when the next expansion drops. Being that WotLK is much more integral to the Warcraft that everyone knows and loves (while BC was much more involved with the ancient history of Warcraft), will people who've skipped Burning Crusade so far be more inclined to pick it up when Wrath releases? Maybe the BC:CE will get rarer as we get closer to Northrend.

[ via WoW Ladies ]

Filed under: Items, Analysis / Opinion, Tips, Odds and ends, The Burning Crusade, Wrath of the Lich King

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