30 Minutes a Day Project - Days 7 - 9

As I mentioned last time, I downloaded and installed Auctioneer for the first time in ages! When I first started my gold making journey, Auctioneer was the one that was recommended to me but I switched off the percentage based display as I didn't like it much. After talking to Gimp last weekend, I reinstalled it as I haven't worked out how to do the vendor search for bid prices in TSM (don't even know if TSM looks at bid prices to be honest) and buying out the very low bid auctions is a great way to get started.

Day 7
I did have to spend a little longer than 15 minutes on my banker today - the Auctioneer scan is super slow but is needed to get the prices into the system. I had hoped it would use the same database as TSM but I don't think it does! Anyway, starting the session with about 10 gold I managed to place bids on a whole bunch of stuff and ran around to get the cheap herbs from the vendors around Stormwind too. I also managed to snatch some cheap stacks of linen & mageweave cloth so before I logged off, I listed everything I had.

Day 8
Today is a bit of a cheat as I missed a couple of days due to being in hospital! Was nice to see almost 30 gold waiting for me in the mailbox though as you can see from the screenshot above. The linen & mageweave cloth I'd managed to grab really cheaply (about 4silvers a piece) flew off the shelves so today, after I'd run my scan again, I snatched some more linen cloth. I did my herb vendor run & placed a whole bunch of bids.

I've managed to confuse myself with my notes though so the 30 gold received in shown in Day 7 screenie! The screenshot below is as I left the Auction House tonight - everything I have listed and all the bids I have waiting. I also have almost 28 gold in my bags which I should try to use but I'm still pretty tired so I've had to call time on WoW this evening.

I'm going to try to write up each day as it happens so I hope the variation in tenses doesn't confuse things! If I leave it a few days to write up my notes, I can't read my own shorthand! lol

Day 9
Going to change tactics a little bit today. I've been logging on in the evening for the full 15 minutes and up until now, that was fine but as my inventory grows and I have bids on some items, I feel like I should pop in at least briefly in the morning to see what has sold, what bids I have won & list those and to see if I can quickly find any deals from overnight.

Having so much of my gold sitting in my bags isn't a good idea at this stage either - I need to have it working for me - again either on bids or on items for my growing stock. I'm not going to go crazy and spend it all on one item though even if I'm 99% certain I can double my money on it. It's just not worth the risk to me to bet everything on a single item. I'm risk averse like that and at this stage too, I just don't have the patience to start all over again! I know it sounds strange but being risk-averse and kind of miserly with my spending actually helps me make gold! The quickest way to lose gold is to invest unwisely or to spend too freely after all!

So morning of Day 9, I logged in to find about 13g in the mailbox just from selling the 67 pieces of linen cloth overnight. There was also some gold returned as I didn't win the Iron Bar or the Adamantite Bar auctions. I'd done a bit of leveling on the Shaman the evening before and sent through some bits & pieces of wolf meat, boar meat & ribs as well as 23 pieces of Linen cloth.

A very quick search on the AH netted me a whole bunch of stuff to sell and 8 more bids placed on linen, wool, silk & mageweave cloth. I listed everything as quick as possible and logged off at 8 minutes into my time allowance!



With only 7 minutes left of my time allowance I didn't do very much when I popped into game in the evening. I did squeal a little though when I collected almost 80 gold from the mailbox. Most of the linen & leather had sold as well as a few of the herbs that were still listed from Day 8. I'd also won the Exotic Leather bid from day 8 too. I'd spoken to Marcus Ty briefly earlier in the day & he had mentioned Winter Veil. Now if you don't know, Wool Cloth, Rugged Leather and Small Eggs are traditionally very expensive during this festival so with my remaining few minutes, I snatched up almost 8 stacks of wool cloth ready for the 'boom' of the market next week!

I've added my sales, bid wins and new purchases to the screenshot so you can see where I left my banker at the end of Day 9. I think I'm going to have to find another way to show you what I'm doing though. This post is getting long even by my standards and as I get more gold, the lists of buys and sales will only increase. I also forgot to note down how much gold I had left after buying all this stuff!

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Turning Linen Cloth into Gold

Girls Gone Shopping?

Linen cloth turned up on my Project Shoofly server at 3 - 5 silvers a piece! I just couldn't resist so I logged my other banker on that server (I have a normal, everyday banker for this kind of thing & my project banker, just to keep things seperate) & bought all the super cheap linen. I ran my little level 5 over to the enchanting trainer, made my copper rod then ran to the tailoring trainer. By the time I had converted the linen into bolts of linen, I had enough skill points to learn the Brown Linen Pants pattern. For just 2 bolts of linen & one coarse thread or about 15silvers, I then disenchanted them & got 3 Strange Dust.

Now of course, being the good goldmaker that I am, I didn't just make 1 pair of pants - oh no! I made 40, using up 8 stacks of Linen Cloth in the process. I ended up with 68 Strange Dust & 11 Lesser Magic Essences, most of which I promptly listed on the Auction House for good prices.

I listed some of the Strange Dust as 3 stacks of 10 initially - at around 3g50 per item, I guessed smaller stack size might be more affordable if a buyer was watching their gold. When I logged in earlier today, all 3 stacks of 10 had sold, netting me a nice 99 gold. I'm averaging the cost at 1 gold per stack of Linen Cloth used so with 8 gold spent, I made profit already on just 30 Strange Dusts & I still had 38 dusts to sell.

Next I checked the Auction House again - no Strange Dust to be found so I listed my remaining 38 & wandered off while my banker made another 60 pairs of Brown Linen Pants. Total haul from disenchanting this time was 100 Strange Dust & 11 Lesser Magic Essence. I have been lucky to get into a level 25 guild though so the Bountiful Bags perk is helping here too.

I just checked again & another 20 Strange Dust have sold at 3g50s each as well as 5 of the Lesser Magic Essences so after AH fees, that's another 72 gold profit. I checked the Linen Cloth price too out of curiosity - not only do I have competition for Strange Dust now, the price of Linen Cloth is now over 1 gold a piece & only 2 stacks available.

Overall I spent around 20 gold on Linen Cloth & coarse thread. In the process of converting the Linen to gold, I also leveled my enchanting to 67 & my tailoring to 75 - not bad for a level 5 alt :)

Summary

Linen cloth & coarse thread cost to make 100 Brown Linen Pants - 20 gold
Strange Dust produced from disenchanting Pants - 168
Lesser Magic Essences produced by disenchanting - 20
Strange Dust already sold 50 = 165 gold
Lesser Magic Essence already sold 5 = 6 gold

Profit so far = 151 gold
118 Strange Dust still to sell
15 Lesser Magic Essence still to sell


Now obviously this isn't going to be a huge market & I would hazard a guess that it won't be a regular one either but keeping an eye on Linen Cloth & Strange Dust prices & jumping in when the prices are low, should give a nice little boost, especially as your lowbie bank alt can do it in town.