It's been a while since I created my Ironpaw Token spreadsheet & made it available to my readers but I have to admit, I've been slacking! Not only have I not been doing much with the cooking materials, I haven't really been very focused on gold making at all. But a week or two ago, I read Zerohour's post about his approach to Ironpaw Tokens & it struck a chord with me so I thought I'd have a go at something similar on my server.
To do so though, I needed to really understand what his spreadsheet was showing us. I got there eventually - it seems that getting my head around the variables is taking me longer each time I tackle this Ironpaw Token stuff! Must be getting old or something :P
Anyway, I discovered that my server has some nice inexperienced Auctioneers who post the various meats & fish for silly low prices so I initially set my top value per stack at 25 gold. I've since been buying everything (well, meat & fish) under that price & converting much of it to Ironpaw Tokens via the Bundle of Groceries & Restocking the Refrigerator quest in Halfhill.
I've also been concentrating on the 300+ buff foods (mainly Black Pepper Ribs & Shrimp & the Mogu Fish Stew) as the various Banquets are selling for only 10-20g each on my server. Each of the 300+ buff foods has 4 ingredients - by fixing my Ironpaw Token price at 25g per token, each recipe costs just 100g to cook and as each 'craft' makes 5 items, that's a base cost of 20g per 300+ buff food.
The Black Pepper Ribs & Shrimp I have been listing at 58-65g & they are selling out quickly. The Mogu Fish Stew is slightly lower priced at 35-45g but I'm creeping the price up on those & they are still selling well.
What I'm finding is that the Raw Tiger Meat & the Raw Turtle Meat tend to be the items listed cheaply most often along with Krasarang Paddlefish. I'm keeping a few stacks of the meats in reserve so that's actually 1 less Ironpaw Token I need to cook the Sea Mist Rice Noodles & the Chun Tian Spring Rolls.
I haven't gone into full 'dominate the market' mode just yet - I'm still testing the markets. I also don't have a huge stock of Ironpaw Tokens but with 2 alts doing the Tillers dailies as well as buying all the cheap stuff, my inventory is bound to increase over the next week or two. I've also increased my 'base' price per stack of meat/fish to 30g as there just wasn't enough supply under that price. It means that each single food has a maximum price of 24g each & with my sell price at 60g-ish, that's still plenty of profit for my liking!
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I finally finished levelling in all the ways. I really should look into the profits I can make with it.
ReplyDeleteAlso, don't know if you noticed, but I slipped the Ironpaw Shuffle into my Shuffling spreadsheet with the last updated :)
oops! is it now I have to admit I haven't got around to looking at your spreadsheet yet? :P
DeleteKeep in mind that the technique was more or less a demonstration of what you can do with spreadsheets. What I hoped people learned from this was to utilize critical thinking skills plus digging into the numbers to discover things for oneself rather than relying upon in-game addons to attempt to do the work (they can't) as an extension of my discussion on spreadsheet development.
ReplyDeleteI'm glad you attempted to put something together on your own, Nev. That's a big step.
Not a big step at all tbh, just a logical extension of my earlier spreadsheet but in trying to explain it all as simply as possible, I managed to confuse myself so didn't get quite that far! I've been using various spreadsheets for a couple of years now.
DeleteI do understand where you are coming from & I can appreciate the work you put in. I'm just a lot more casual about my gold making than some people :)
I should append that; it's a step in the right direction, something many people should do on their own and discover on their own. =) Glad to see you took that step.
ReplyDeleteLove the Ironpaw shuffle, it's definitely one of my favourite things to do! Thank you for sharing the spreadsheet.
ReplyDelete