I've had a quiet couple of weeks in game - real life got a bit too busy for me to do much other than just maintain my auction house activities. But it's quietened down a bit now so it's time to get down to some more serious gold making efforts! I'm planning on being a very busy bee over the next few weeks so hold on to your hats people! lol
Whilst I may not always agree with how Zerohour phrases his posts, I do agree with much of what he says. I guess I'm a gentler soul & I've always worked on the basis that sugar is better than vinegar! After his first post or two, I wanted to hate him but how can you hate a guy who talks so much sense! Some of his stuff hit a nerve with me & I've been doing a little analysis of my gold making style. I realised that I am very risk averse so taking a gamble on flipping high cost items has never been my thing but in my safe little world, I've also not been buying much more than what I really need to craft stuff for the next day or two.
His post about stockpiling (or Just in Time crafting) made me realise that I have all this gold just sitting there & not really working for me - in keeping my 'costs' down, I actually wasn't investing in future profits either. It can be easy to get tunnel vision and just keep doing what works for you & that's what I think I've been doing.
So over the last week or two, I have been buying up raw materials like crazy. The cheap stuff has been there all along, I just didn't want to buy too much. Not anymore though! I am now the proud owner of almost 200 stacks of Exotic Leather, 150 stacks of Ghost Iron Ore & 60 stacks of Bolts of Windwool Cloth not to mention about 40 Ironpaw Tokens & 20 stacks each of Mushan Ribs, Raw Tiger Steak & Raw Crab Meat!
Now as stockpiling goes, I know that still isn't that much stuff but I'm working on it! With the leather at 17-25g, I can make Magnificent Hides for a cost of 63g by using the non-cooldown way (50 leather = 1 hide) & with Magnificent Hides selling during the week for 100g or more, I can still make a nice chunk of change without even crafting anything else! I am doing the daily Magnificent Hide cooldown too though - got to get those PvP patterns discovered after all!
The Ghost Iron Ore is fuelling my 2 transmute spec Alchemists for their daily Living Steel cooldown & I'm also prospecting stacks on my Jewelcrafter - making rings/necks to disenchant & keeping my daily discovery of new cuts going too.
The Windwool Cloth is fuelling my daily Imperial Silk craft & as I discover more PvP patterns, I'm making sure I craft those too. Unfortunately, whilst the leather/mail PvP gear is maintaining its price, the cloth PvP gear is dropping rapidly - some pieces are as low as 90g!
I'd forgotten how much of a buzz it can be to open my mailbox to 10k+ gold overnight. I've been poodling along since early last year really and it shows in my gold balance. I'm almost back to my 1 million gold balance & if the Amani Dragonhawk I bought to flip sells soon (negotiations are in progress!) then I'll be a happy camper once more.
I'm going to start doing my weekly 'What's Been Selling' posts again. I had a lot of positive comments on those & I think they can be helpful to kickstart your own ideas. I've got a lot to relearn over the next few weeks & a fair bit of exploring & testing some new markets so hopefully my posting frequency should return to normal service shortly!
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