Gold-making tips from a WoW millionaire
Apr 19, 2009 Auction House, Gathering, How-To, Investing, Resources, Videos
I saw this a few days ago on World of Raids and was drawn to the “0 to 1,000 gold in 4 hours” title. I was a bit skeptical, but I watched the video anyway. Turns out there’s some pretty good information in there! He’s since released another video and a PDF that explains some really efficient gold-making tactics.
This one summarizes his basic strategy and more-or-less proves his “quick gold” claim. I was still a bit skeptical as it could be faked fairly easily, but his 2nd video and PDF proves that he really knows his stuff. I’m excited for his next video.
His site, WoW Auction Mastery, has the same videos in high-def and the PDF I was talking about. He’s supposed to have a few more videos coming in the next week. I’ll probably review them in more depth pretty soon. I’m going to put a few of the techniques to use and report back with my findings! Leave a comment and let me know what you guys accomplish as well. Maybe I can get him to write us a guest post!
July 10th, 2009 at 8:29 pm
Nice one.
On my server I’ve been making money by selling pets to the other faction. There’s a nice little niche, which is shared by a number of characters who don’t do much else.
Prices fluctuate a little bit as we try to undercut each other, but everyone usually gets their stuff sold alright.
However, of late I’ve been getting quite annoyed by someone who obviously discovered the same idea, went collecting pets from vendors and lists them at the neutral AH for around 2g each. I appreciate a market that’s driven by demand, but I have noticed that we regular sellers have started to buy out those vastly underpriced pets simply to remove them, and relisting them at our normal prices.
That saves us the trip to the vendors (and for us the difference between 50s from the vendor or 2g for a buy-out is peanuts), but seems to encourage that seller to flood the AH with 1g and 2g pets, since they are being bought - by us.
The market has completely crashed, and the profit margin is too insignificant for us to continue selling pets either way, so I’m going to look into other opportunities. I also noted that other regular pet sellers haven’t been listing anything of late.
I think it’s a bit sad how one character can so completely destroy a good market that was stable for a very long time. There was enough room for him or her to list at the same going rate (between 9 to 18 g per pet, which isn’t astronomical considering that they are a vanity, not a necessity), but he or she decided to be content with an extremely small profit margin of less than 2g, at the expense of everybody else’s business.
Why ?!?