Weekly Wrap Up [Mar27-Apr3]

Since returning to WoW in February, I’ve been slowly growing my stock (I lost it all to expired mail) and optimizing my sales little by little. I worked on leveling some characters, swapping server around a bit, and grew slowly, re-learning the gold making game. This month I set a mini goal for myself to earn a steady 100k+ a day, and I’m very happy to say that for the past two weeks I’ve managed to keep that up.

The most surprising sales for me have been the strange goop. It took me a very long time to farm my first one (over 3800 casts) and then a few days later I went back, and I managed to find FOUR in a single evening of relaxing fishing. I’ve sold three of those, and I have two more to sell (one more if I ever actually do the mount for myself, I just haven’t gotten around to it yet).

Arcane crystals moved all over the map this week, I usually sell them for 500-800g a piece, but some competition moved in and had theirs priced at 200g – I still ended up with some sales at least. Prog essentia continue to fall, prices anywhere from 6k-4k on my low population (15k players according to Raider.io) realm.

A few pets, a few glyphs, my usual mash up of ‘a little bit of everything’ rounded out the week. The inscription shoulder enchants are doing particularly well, but again there’s also a lot of competition lately, and I don’t have time to cancel scan and fight off other goblins (nor do I wish I had that time, it’s just not my play style). I’m not sure I’ll be able to keep up the gains, but it is nice short term at least.

Questions? Comments? Thoughts regarding gold making? Feel free to leave a comment and let me know. Happy gaming, no matter where you find yourself!

TSM Lightning Round: DBMinbuyout

A comment that comes up a LOT in the WoW economy discord is that the price of crafted goods in TSM doesn’t match up with the math on the auction house, or with the math in their head. That is usually because the method they’re using to reach an overall craft cost does not match the one that TSM is using. Players tend to use ‘dbminbuyout’ as a price source in their mind (ie: I am looking at the AH right this second, and THIS is the price, so THIS is my profit), which isn’t reliable (especially if you’re crafting more than one item) or recommended. The reason is quoted in the discord:

TSM does not reference dbminbuyout by default, and it’s not recommended to do so. You are not in a contract with a supplier to obtain all materials at the same price, and the lowest buyout is only representing the individual cheapest auction as of the last price snapshot, which may be old. Any reasonable craft, or crafting queue, needs more than one material, so what happens if the next auction is 10x more expensive?

You will always have to compromise somewhere between what you could pay, which is the market value, or what you have paid, based on your accounting data.

TSMBot 03/13/2022

To explain DBMinbuyout further:

DBMinBuyout is the lowest priced auction on your realms Auction House, as of the last pricing update processed from Blizzard’s Auction House API. This value is not ‘real-time’, your pricing data may be 30 minutes or older before the next pricing update. If an auction is posted between pricing updates, this value does not get updated with the new lowest priced auction until the next pricing update. If there are no auctions for a particular item on your realms Auction House, DBMinBuyout could be an invalid price source.

Support.Tradeskillmaster.com

Some what related: if you’re wondering why your prices are the way they are when it comes to crafting and profit, make sure you enable your crafting tooltips, and work out step by step the cost / price sources of each stage so they make sense to you.

If I want to craft a glyph that is displaying a nice profit, I can see I need 15 sallow pigments.

It’s really easy to stop here and think ‘well TSM must be wrong! How on earth am I getting 6k profit when I need 15 sallow pigment at 1380g each?!

So then you mouse over sallow pigment:

Now I can see where the pricing data is coming from, and the profit makes more sense.

TSM might seem like a huge daunting prospect when you’re trying to learn all of the components all at once, but break it down into smaller bite sized pieces, take your time, and listen to what others have asked before you. It will make sense, it just takes a bit to get there.

Happy gaming, no matter where you find yourself!

Sales Review: 30 days of [Stuff]

I’ve mentioned before that I’m a big fan of lists and tracking things, so of course it should come as no surprise that I’m making this post. This is a 30 day look at sales starting with my inscription crafter. She’s also my engineer, though I don’t think I included any restocking of engineer items this month. The numbers are a bit thrown off because this character also sells my crafting components, as you can see by the arcane crystal and progenitor essentia being listed.

My pet and cloth seller didn’t do very well – but this is just one server. On my other server cloth tends to sell much better because it’s a roleplay server.

I have yet another character who sells transmog, and I’m still stocking that up so I don’t have very many pieces. I also went through and removed anything that wasn’t worth at least 1k.

My jewelcrafter did OK considering I don’t own any of the fancy new recipes, nor do I have any legendaries unlocked. Old stuff is still selling. I just recently leveled her up, so I’m hoping for bigger numbers next month.

My blacksmith is also my alchemist, and I just recently leveled her up so most of her income didn’t come from any crafting at all, but just selling off supplies. In hindsight I should have kept all of these, because the cost of them is now through the roof on my low population server.

I also briefly set up an AH character on a second account, and this is the result of that below (I re-set this up yesterday, we’ll see how that goes). I find using two accounts a bit awkward just because I’m not used to it. That being said, it is very nice not to have to interrupt my main account to do AH stuff like reposting.

All in all, it has been a good month for sales on this one server. Glyphs remain one of my best sellers, and arcane crystals are right up there because I have no competition (that will change, it always does). I’m hoping to spend the next month working up more stock, preparing for magetower, and maybe I’ll even level up a legendary or two (sarcasm, I have no intention of leveling up legendaries as of yet).

How are other goblins out there doing? Are you on a low pop or high pop server? What are your favourite things to sell? Let me know in comments, and as always, happy gaming!

Unpopular Opinion – You don’t HAVE To Make Millions

One thing I’ve noticed when it comes to making gold (honestly this translates to anything anyone ever feels passionate about) is that there is a handful of people who consider their opinions elite – and they are not afraid to let you know it. They talk with confidence about things they may or may not actually know about, and if you’re making gold in some other ‘lesser’ way you feel shamed over it. Consider this the min/max conversation of the gold making realm. It’s no different than raiders discussing the best mechanics and gear to wear. There are plenty of great gold makers out there who are successful at what they do and don’t make you feel like a lesser being. Those are the ones I love listening to.

My unpopular opinion: You don’t have to make millions of gold to be a successful gold maker. You don’t have to min/max and optimize every second of every play session. Making gold is a frame of mind, and if it’s something you enjoy doing then guess what, that makes you a goblin (or whatever other phrase you want to use). Are there optimized methods of making gold out there? Yes, there are. If you don’t enjoy doing it the chances of you sticking with it are not going to be that great. Be open to learning new methods, trying new things, and taking in advice – but you shouldn’t feel pressured into it. This is, after all, a game. It is OK (and even expected) to make mistakes. Learn from them.

If you happen to be an amazing gold maker, try not talking down to the newer goblins who are still learning the ropes. Embrace their sales (yes, even those small ones), encourage their methods, and make suggestions that could help them out when requested. We don’t have to be condescending. This is an amazing community, with some fantastic people that I’ve gotten to know over the years – but it can still be an unwelcoming place if you’re not constantly playing by those unspoken ‘rules’.

Unpopular Opinion – Why Gold Making Guides Work

Time to share an unpopular opinion – and it’s one we’ve all heard discussed time and time again in the WoW Economy discord. Lots of people have some pretty strong ideas about clickbait videos, guides, and other methods that streamers use to boost their views and get people looking at their content. You know the ones, “make 1,000,000 gold by doing this ONE thing!” Or “I sold two pieces of transmog and hit gold cap!” One gold maker in specific, Studen Albatroz, comes up almost every conversation – and my unpopular take is that his methods work – but not for the reason you might think.

I am a firm believer in raising your fellow gold makers up and being encouraged by them and using them as motivation and inspiration rather than seeing them as competition. When Studen came out with his gold making book, I bought it. I also support goblins on Patreon, I donate to TSM, and I support addon developers. I understand that not everyone can do this – but I can, and I believe in it, so I do. Anyway. I purchased his gold making book curious about whether or not it worked – and it absolutely does. You might not find it especially useful if you’re already an established gold maker, and yes, the information is definitely already out there for free if you’re going to go looking for it, but Studen offers something that is almost essential to any gold maker, and that I find beginner goblins tend to struggle with.

His book tells you specific goals to aim towards, and how long to work towards them. It gives people with zero direction a specific and detailed list of items/places to go, along with videos. We (as humans) spend so much time just wondering what we should do and how to spend our time. This book is a neat and tidy ‘to do’ list. Will everything sell? Heck no, but if you pick 30 farms out of the ones listed, SOMETHING is going to stick. It would be almost impossible to make ZERO gold by doing the suggested farms. Doing SOMETHING is almost always going to net you more gold than doing nothing. Some times, I spend a lot of time doing nothing.

That’s all there is to it. It’s not some magical theory that gold makers haven’t heard of. It’s simple good habits and organization. That’s why things like doing your mission tables, halfhill farms, and garrisons are popular methods of passive gold. They are habits and rituals built over time that reward you. Maybe not millions all at once, but slowly.

Obviously take videos and farms posted with a grain of salt – the chances of you making millions from a publicly posted RNG type farm are not guaranteed and with Blizzard cracking down on raw gold farms and vendor tricks at the end of BFA, you’re going to have to put in the effort to make gold this way. That doesn’t mean you should instantly discount everything, though. Eventually, something sticks.