Doing my daily scan over the interwebs today, I read the article over at WoW Insider which gaves tips on making gold by mining Saronite and either selling in bar or ore form. Which got me to thinking maybe I should spill how I make my gold.
Now I know most of you out there are looking for the “how do I make mega amounts of gold like now!” guide but the truth is, there is no such thing! Effort in = reward. No matter which way you spin it, it’s going to take time and effort on your part.
Still here? That means you’ve gotten over the shock of not maxing your gold out right away.
Ok, the first thing is, you need to be patient. If the area of the market your trying to make money from is saturated, you need to hold off selling right now and just stockpile. Move on to another area or just keep stashing it away.
For now we can assume we are talking about Saronite. The price of ore/bars will always fluctuate, theres nothing we can do about that. The trick is, to find the right time to sell, just like the stock market. If the current market is flooded we can sell at a somewhat loss or, if we hold off, we can hit our margin when there is not so much on sale.
If your target market is flooded and isn’t looking like any change we can always look to our friends. In this case as we are talking about Saronite, find your jewelcrafting friend and get them to prospect it for you. You have then shifted from one market to another. Again if that market is flooded, get the gems made in to socketable gems, once again shifting to another market.
The main tip I can give is to not rush into selling. Keep a careful eye on your market and if your not happy with the current price of your stuff, then hold off.
Dont neglect your dailies either! They may not be massive amounts of gold, but just by simply doing the fishing, cooking and 2-3 other dailies, those will land you in the area of 50gold. Keep that up every day and you will be netting 350 a week! (1000g+ a month) See how something little can add up ?
Last piece of advice I can give is, pretty much everything is of value to someone out there! Random greens can easily net you double the vendor price! Even I get a little lazy to run to the AH which is why I have my rogue stationed at Undercity ready to sell and collect my profits.
If you’ve got the character space, make that spare character and use it as an AH mule. Send things over to him/her as they will be permanently parked in the AH.
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