Friday, 3 January 2014

30 Minutes a Day Project - Days 22 - 24

OK, time to play catch-up! I'm a few days late writing this up so it may be a bit sketchy on the details! Had a lovely quiet Christmas Day with just Mum and Bro and then Boxing Day there too (that's the day after Christmas for my US friends), so I didn't get much time online.

Day 22
Basically I just emptied the mail box and had a quick skim - saw a whole bunch of cheap Mageweave Cloth, grabbed it, relisted and dashed off to Mum's for lunch! It was nice to see such high prices for the Bolts of Linen Cloth and Silk Cloth though. I find it really hard to understand why the Bolts sell for so much more than the cloth - it's the same with the Bars of ore versus the ore prices - you can almost always guarantee that Bars/Bolts prices will be higher than the simple material cost.

Yes, I understand that one more process and therefore a bit of additional time has gone into making them but to buy cloth at 10 silvers and sell the bolts for almost 1 gold is crazy mark-up! I'm not complaining though - it's a great way to make some starting capital as you only need the most very basic training in Tailoring or Mining to craft them both and you can easily make a lot of gold if you have the time.

Day 23
So the holidays are over and it's time to get back to the Auction House. Not many sales but a nice chunk of change in the mailbox today. The 3 stacks of Silkweed netted me almost double the amount of gold I paid for them and the Mageweave all sold too.

I spent almost all of my 15 minutes today snatching up the cheapest items from a variety of categories. Herbs have proved to be a good source of profit so of course, I look there first. Today though, I also checked out the Mists cooking materials, the cloth and the Ores/Bars markets. There were loads of listings for herbs at silly low prices - Terocone and Talandra's Rose had really large gaps to the next priced auction so I nabbed those. I just hope they sell for that crazy high price!

I am having real problems spending large amounts of gold though - I'm so risk averse and very aware of my time limits so I'm going for the obvious bargains. I think perhaps if I had given myself more time, I'd be taking a bit more of a risk with the level 83/84 green armor market. I don't want to be left with a bunch of stock at the end of this project so I'm playing it safe I guess.

If this was going to be my new playing server, I think I'd be more inclined to just go for it, knowing that the stuff would sell eventually. I'd also be leveling alts, picking up stuff to sell or use and having professions leveling too. I'd be gathering on the first couple of alts just to provide materials for professions and then to sell excess stuff. Add in copious quantities of vendor trash and my gold stash would be building quite nicely I think!

Day 24
Yet another lazy day but what a great haul out of the mailbox! I listed fairly late last night and this was late morning so only a few auctions had expired. I planned to come back later in the day to relist any other expired auctions and to grab some bargains but time kind of got away from me and I didn't make it back into game to complete my 15 minutes!

At least I've stopped making silly mistakes from rushing to much now but that doesn't make me feel any better about my poor performance in this project! It does show me how important it is to keep up with the markets though and how much time is needed to really make this work.

I'm definitely going to do this again soon but with a different set of rules for myself. I think the time constraint was a good idea and it was designed to make me log in and do something productive in a short amount of time rather than to log in and faff about for hours. Knowing you have a whole evening ahead can sometimes put you off logging in when you're in a bit of a slump. You need to give yourself goals or a mini project rather than wandering aimlessly which is what I've been doing for a while now.

I have my to-do list on my other blog and I have a baby Shaman and Warlock fighting for my attention but I have this nagging main Pally that just won't let me rest! I'm trying hard to ignore her for the time being but I still find myself logging her and then getting disheartened when she's still rubbish! I think I'm going to have to turn my music up loud and drown her out for a while - I've got stuff to get done you know! lol

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