Chasing Unicorns

If you set yourself a goal, what was your goal & at what point did you set it?

When I started out, I set my goal to hit the gold cap.  It seems, however, that I’ve hit a brick wall rather than thet gold cap.  That’s probably because I haven’t had the discipline to not spend the money I’m earning.

About every week to two weeks, I end up hitting up the auction house for any rare pets that I don’t already have.  I’m excusing this as a long term investment.  What I mean by that is that after I reach the pet achievements, I can resell these and (hopefully) make a profit on them- especially if they’re trained up to level 25.

With that, I’ll go ahead and address day 8’s question, no, I haven’t reached my goal yet and I am still working towards it.

My strategy at this point is to train my battle pets up to level 25 so that I can make the pet market viable again.  Pre-MoP, it was working well for me and when pets went account wide it crashed just as I expected.  The difficult part of the pet market now is grinding the extremely rare pets or at least finding them cheap enough on the AH to flip them.

In addition to that, I’m focusing on flipping high level items where I can make a few thousand gold at a time.  I figure it’s better to make a lot of money off as few auctions as possible rather than handling a ton of auctions for very little profit.

I think there is something to be said for selling in bulk, though.  It works for Sam’s Club and Costco, why wouldn’t it work for WoW?  I just choose not to make my money this way.  I think of myself more like Nordstrom’s than Wal-Mart.  I’d rather deal in low volume with high profits.

The main reason I work this way is because I am a heavy remote auction house user.  If I’m away from the game (watching TV at home, waiting for a table at a restaurant, waiting on my wife to get back from the restroom, waiting on another pointless business meeting to start, etc), I’m usually buying and flipping on the RAH.  Since the RAH is limited in the number of transactions you can conduct everyday and it’s tedious to repost enough auctions to reach the limit as it is, I’d rather do business my way.  This could also be part of the reason I’ve hit a wall.

So, my goal remains to get to the fabled gold-cap if one truly exists.  I may be just chasing a unicorn though.

20 Days of Gold Making: Day 1

When did you start gold making & what triggered it?

Well, you could say I kinda started gold making back in vanilla but that was on illegit private servers and their mechanics weren’t the same as the real thing. I went legit when the Wrath of the Lich King came out. Basically, my good friend, Jamo, held an intervention and said that I was destroying the core of the Earth and supporting Martian terrorists by playing on private servers and convinced me to go legit. I’m glad he did because legit WoW is so much more fun than those busted private servers.

Anyway, when I crossed over to the light, Jamo had a ton of money and I didn’t really have anything. I tried the mechanics I had learned in private servers and the Kobolds in Echo Ridge Mine laughed at me. I asked Jamo’s advice and he told me to concentrate on leveling and then do my dailies for money. That may have been decent advice for a casual player in WotLK, but I wasn’t happy with it.

Then, in end game PvP, I learned that there was a bigger need for gold than I thought in order to get higher level non-raid PvP gear. I think this was what really triggered my gold making craze. So much so that I basically abandoned anything not related to gold making, including PvP which was the main reason I started gold making.

At first, I just started out by reading anything I could related to gold making. Sites like Cold’s Gold Factory, Just My Two Copper, and Power Word: Gold became my CTRL+D sites. By the end of Cataclysm, I thought I had my feet under me well enough to start my own blog and when Mists of Pandaria released, Candlefly’s Gold Adventures opened its doors.

Unlike other gold making sites, Candlefly’s Gold Adventures is geared towards showing what works AS WELL AS what doesn’t work (for me at least). Unfortunately, I’ve been remiss in posting for the past few months because I’ve been pretty much out of ideas. I’d like to throw out a HUGE shout out to Nev from Auction House Addict for posting this meme and giving the gold making community something to write about again.

Ships Full of Gold Making Landfall!

Ok, maybe it's not ships full of gold, but there are huge opportunites to make money in this new patch and you should be excited about it!  From the new Brawler's Guild to Battle-Stones, there's a lot of money to be had.  Read on for more detaiils.

Power Leveling for Guilds

 

 

 

 

 

 

Jim’s reply to his reader at Power Word: Gold regarding Guild Banks for storage got me to thinking about power leveling guilds.  Now, let me start there are a couple of caveats to put this post into practice and I’ll cover them in just a bit.  But this may be a good way to get your guild leveled to at least level three and maybe further.  What I’m going to show you is how to get at least twice the amount of guild XP in the same amount of time.

 

Bid Wars

Not so long ago, in an Azeroth not far away…

It is a period of divided Pandaren.  Noob Kobolds, striking from their hidden smartphones, have staked their claim against the Gold Goblin Cartels. 

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This text is getting really small. 

Can you still read this?  If so, congratulations your eyes work.

Top Ten Reasons for an Alt

When I first started playing World of Warcraft I thought, "Man leveling one character is hard enough, I would never level another!"  But then as I got into endgame play, I found that having another character or multiple characters can make the game more fun, if only to break the monotony of always tanking or always healing.  So, I started an alt.  I'm really thankful to Blizzard though for providing the perk system which really helps with leveling.  If you're one of the nay-sayers who still doesn't have an alt or if you're a gold goblin looking to maximize your profits, read on past the jump to find out why having an alt is not just a good idea but a great idea!

Do you Day Trade?

Play the Auction House like a boss!

So, I was looking at my old desktop the other day and wondering what to do with it instead of just letting it sit and gather dust.  I’ve had it for more than ten years now and it just can’t keep up with modern games anymore.  And then the idea struck me!  I can use it to “day trade” on WoW!  Read on past the jump for details.