To begin this post, let me just say there are so many premium guides out there trying to make real money from you for teaching you how to earn gold in World of Warcraft. What makes them different from free guides? Almost nothing. Multiplying your character’s gold a thousandfold is actually trivial and doesn’t take a genius. It only requires a little bit of common sense and basic understanding of economics, hence the simple yet proven effective tips I’ve listed below.
Why only 11,000 in one month?
Before we proceed to my WoW gold tactics, to the right is the fruit of my labor after one month of investing in the AH.
I know it may not be that much and I’ve a couple of reasons:
- I don’t want to consume all of WoW time on earning gold. There’s so much more to enjoy elsewhere!
- There’s no point of getting more gold if you’ve already bought every luxurious thing in this virtual world.
- I don’t want to participate in illegal gold for real cash opportunities. I’ll just wait for Blizzard to make its official real money auction house that offers gold to real money conversion.
Focus only on the AH. No need to explore and farm for items.
Like I said, I don’t want to spend all my WoW time just earning gold. I don’t want that to happen to you too. Things like farming items take a couple of hours whereas staying at the capital city and only visiting three points of interest – the auction house, mailbox, and your profession trainer’s location – only take less than hour. Nonetheless, the latter will return higher gold income most of the time! This is one reason I don’t have Herbalism anymore to partner with my Inscription. I replaced it with Enchanting – a known profitable profession.
Use an auction house add-on.
Don’t hesitate in installing an AH addon. It will help a lot, since the default auction house interface is geared for spending and not earning.
I personally use the Auctionator module. It’s fairly simple and its learning curve is short. With it you can check all the prices for each item and sort them from cheapest to the most expensive. It also records the days you sold an item, accompanied by their respective prices. Similarly, and if you perform a full scan everyday, Auctionator also list down the daily cheapest price for an item, regardless of who was selling it at the time. The only downside to this addon is that it cannot track at which price your item has been successfully sold for.
Buy low. Sell high.
This is pretty straightforward. You don’t get profit if you spend more than you save. If you have determined a crafted item to be particularly in-demand and is selling well, make sure the price your selling it for is higher than the total cost you spent crafting it. Hence, if its materials or ingredients have ridiculously high prices in the AH, you won’t be able to undercut the competition. What you need to do in this case is to patiently wait for the prices of materials to go down. In time, it certainly will. Just visit the auction house often and buy them cheaply before someone else can.
The same thing goes to reselling the same item. Buy it cheap then resell it at a higher price.
Sell in smaller amounts.
To conserve space in your bags, most items in World of Warcraft can be stacked. Many items are stacked in 20s, whereas some can even go up to 200. If you are selling an item that you have in great numbers, sell it in stacks of 2 or 3. Some buyers tend to have low amount of gold and can therefore only afford smaller prices, even though the actual individual price is expensive.
For instance, I’m selling my Hypnotic Dust for 8g a piece. That’s 16g in stacks of 2. My competition usually offers the item at a more tempting price at 4gold a piece but sell them in stacks of 20. That corresponds to 80g! In some cases, buyers would prefer my supposedly cheaper offer since they probably only need 2 Hypnotic Dusts instead of 20.
Bid if buyout price is high.
Similar to buying low and selling high, don’t be tempted to buy an item at unreasonably high prices. Oftentimes, it’s preferable to bid instead.
You can even participate in the auction house even while you’re not playing World of Warcraft by using the now-free WoW Remote app. With it you can outbid someone at the last moment without logging on to the game.
Make use of professions.
As each character can only learn up to two professions, they cannot craft an item that is exclusive to a profession that they chose to bypass over another. Most likely they will resort to buying said item from the auction house. For example, a miner-blacksmith cannot create his own Inscriptions to improve his spells/skills. That’s how inscribers can make money off him.
By applying the tips before, you just need to find out which craft item that is exclusive to your profession has a high demand and then sell it at a good price.