We’ve previously examined the effect that the arrival of the Darkmoon Faire has on other markets but with it being back in town at present it is perhaps time to share another small yet profitable tip. As we’ve already mentioned, there is profit to be made by timing your purchases and sales around the price spikes created by the faire, but there is also a significant amount of gold to be made by simply turning in completed decks during the faire and then selling the resulting BoE trinkets at the midway point.
The fact that the higher-end decks can only be turned in for one week a month creates an artificial demand spike for the resulting trinkets during the period between fairs. If you are clever enough to catch the decks (or cards if that’s your thing) at low points in price, you can turn them in yourself, hold on to the trinkets for a couple of weeks and then sell the trinkets for a hefty profit when most of the competition is back to selling decks. All it takes is a short ride over to the fair’s location that month. By simply making a play on the patience of other players (or, more specifically, the lack thereof) you can generate a few hundred extra gold every month.
The best part of this strategy is that, not only can you make more gold from the decks, but you also get to keep the faction reputation gain for yourself which is helpful if you’re edging towards insanity.
…Well, slightly anyway. We’re seeing Crusader Orbs rising in price slightly across six auctions houses per faction side that we tested. That is to say that 12 out of 12 tested auction houses are showing increased prices as compared to our last assessment 10 days ago. We speculate that this rise in price is for the very reasons we initially predicted such movement, but we also do not believe that the orbs will return to their earlier levels of value (in the 3,000+ Gold range) ever. The orbs dipped on some servers to below 1,000 Gold for a few weeks and testing of these same servers showed that they are now going for 1,100 or more. Eventually, prices will hit a ceiling and come back down but, for now, they seem to be continuing to rise. With a deposit amount of only 36 Silver for a 48-hour auction, it may now be time to put up your Crusader Orbs for sale at prices slightly above current market value with long-term auction durations.
About a week ago an article was published on WoW.com advising readers of the financial benefits of farming a certain highly profitable fish. While we’ve also previously advised that WoW traders focus on fishing and cooking Dragonfin, we do not have quite the same community reach as WoW.com.
The result over the past week has been, as you might have predicted, a sharp drop in the going rate of uncooked Dragonfin Angelfish. Generally, the price of raw Dragonfin stays higher than the prices of equivalent Northrend fish not only because the demand for the cooked fish is so high but also because the supply is diminished by not being connected at all to any fishing daily quests. The currently lower price, however, presents a fantastic opportunity for in-game chefs to turn a quick gold by simply purchasing the price-depressed fish, cooking and selling at a hefty mark-up. The key to this, and really any high-end cooking-for-profit, strategy is in attaining the Northern Spices inexpensively. One idea is to purchase Dragonfin Angelfish for less than 50 gold, the spices for less than one gold and then sell the stacks of cooked product for 100 gold or more. This nets a nice 30 gold per stack minimum profit and the time investment is minimal because we know you’ve already got your Chef’s Hat right?
Be sure to consider both types of cooked Dragonfin for the most profitable variety. Both Dragonfin Filet and Blackened Dragonfin can sell profitably but our experience is that there is usually higher demand for the Filet variety. The profitability of the Blackened fish, however, was increased with the patch 3.2 changes that reduced the amount of raw fish required to cook the item.
The irony to this easy tip is that the author of the post over at WoW.com quite correctly advises readers not to sell the fish when the market is flooded and to examine the entire value chain to determine whether it is best to sell the raw or cooked fish. Naturally, these key points seem to be lost on the community and the result has been a mass influx of uncooked Dragonfin onto the market. If, indeed, the uptick in raw fish on the market is attributable to this article, it can also be expected that the over supply period will end and prices will return to normal levels as the more casual players exit the market. In the mean time, we’re scooping up all the cheap fish we can find.
The Enchanting ability, Abyssal Shatter, was hotfixed onto EU servers this morning. This ability allows for conversion of Abyss Crystals into either Infinite Dust or Greater Cosmic Essence. If the spell results are left unchanged, there will be significant economic impact.
Shattering crystals requires an enchanting skill of 445 and can reportedly yield as many as 18 dusts or 4 essences.
Prices are already starting to move on EU servers to reflect the above stated changes. Players on US servers have somewhat of an advantage here in that, since they did not yet receive the hotfix, they have an early warning of the impending change. US early adapters will be able to play a bit of insider trading and move the markets before they move themselves.
It is worth noting that there will also be some trickle down consequences on related enchantment materials markets such as enchanted vellums and other items that require these materials but this change may require more time to take effect.
Over the long haul, it would be our expectation that the prices of Infinite Dust, Greater Cosmic Essence and Abyss Crystals will all normalize such that the price of 1 Abyss Crystal, 15-18 Infinite Dust, and 2-3 Greater Cosmic Essence all equal about the same amount. Until this happens, however, there will be ample opportunity to take advantage of price disparity.
The Harvest Festival is upon us and, while easily overshadowed by the much more popular Brewfest, it is an event that all players should take at least a minimal part in.
The actual requirements for participate are ridiculously simple. Just complete the Honoring a Hero FedEx quest. There are no other activities or achievements to be had. Turning in the quest does, however, award 500 reputation with ALL of your faction’s allied cities. Considering that this takes all of ten or so minutes to complete, and with reputation having an impact on your profits, it would be extremely negligent to overlook this simple boost to your faction reputation.
One other aspect of the event that savvy traders might like to consider is that there are fireworks for sale from the same NPC that gives you the quest. These are inexpensive and somewhat unique fireworks and have no listed duration or binding effects. This means that you can purchase loads of them and bleed them back into the auction house over the duration of the year for easy profits. In fact, as a testiment to the laziness of your average player, we’ve already sold several of these items for a significant markup, even while the event is still underway.
For more information on the event, such as specifics on quest giver locations, their items and event food, we advise a visit to the WoWhead blog where they’ve provided a nice and succinct write up of the event.
Don’t eat too much, but be sure to reap in some harvest profit.
The heavyweight of WoW news and information, Boubouille of the ubiquitous MMO Champion, has posted an extraordinary new WoW gold making guide. The guide focuses heavily on the deployment of a few addons, namely Auctioneer and QA2. For the most part, the information is centered around the art of D/Eing for profit but the guide really shines in the areas of clear and direct explanations of setting up the addons and in sharing an extremely helpful spreadsheet for calculating costs and projecting estimated profits.
Boubouille promises that there is much more to come and we can’t wait to see it. This is a great write up (we’ve come to expect no less from MMO Champion of course) and all WoW traders are advised to give it a look and show some support for this wonderful effort.
Buying and reselling BoE gear is a well-known and widely accepted way of making gold in WoW. It is beneficial to remember this old trick as we all sometimes have a habit of getting caught up in our own worlds of crafting and profit margins.
Because many players will not take the time to strategically analyze and compare their existing gear to the various items found while questing or scanning the AH, the traditional logic has always been that purple, or epic quality, items will sell for more. This is true even when the upgrade on a blue (rare) item might be the better improvement for the specific class or spec in question. Purple sells better than blue simply because many players have become trained to respond to this color system in a somewhat Pavlovian approach to gearing.
Similarly, players also respond to item levels of gear. It wasn’t until the release of patch 3.2 that players were able to display the item level of gear but after that change, many took advantage of the new interface option, and now the decision of ‘is it an upgrade’ has taken a new turn. Whereas it used to simply be ‘purple is better’ many player now also refer to the item level so we’ve now got several tiers of epic and upgrades. That’s actually a bit of a misnomer because we’ve always had these tiers; they just weren’t as accessible to the common player.
The lesson here is that you should always enable the ability to display item level in your interface, even if you’re capable of making your own decisions on upgrades. The reasons to do so are:
- It can help you better decide on suitable targets and buy and sell prices for resale.
- Assist in negotiations on price “Man, I’m not paying X for that item, it’s only ilevel 200.”
- It can help you develop a more effective marketing approach to selling BoE items, “Ulduar 25 hard mode equivalent bracers for sale.”
We’ve previously explained how to enable item levels for your interface in our article on selecting profitable quest rewards.
WoWWiki has a fantastic, if somewhat outdated, article on the hidden formula and mechanics of item level. (Pro tip: Gear resellers, be sure to give that WotLK chart at the very bottom of the page a careful look for marketing ideas.)