August 31, 2009

The way of the Goblin

Filed under: Tailoring,wowbanker — Tags: — Kevmar @ 5:55 am

If you are reading my blog you already know of the Greedy Goblin. If you like him or not, he does have some insight on some markets and how to work them. The key is you have to know when to use them, when not to use them, and when to walk away.

When I moved into the netherweave bag market, I was able to use several of his ideas. The supply of netherweave is very strong. It will dry up from time to time, but never for that long. When netherweave is in high supply, then I can produce bags in high supply.

When I check the market, I see a few people with bags up for double the cost of mats. Why, because people pay it. How often is a different story but yes I think they do sell bags for that much. My supply is almost unlimited so I want to sell more faster. So I post at 60-75% of market and that’s exactly what happens. If I see someone post 5-10 bags under me, the I know my price is too high. So I go down another 10-20% and post 10 more.

Those bags sell faster then I ever thought they would. At lower prices, people are buying 4 at a time. Instead of getting one bag to get by for a while, they get all 4 at once. I am still playing with that price point and number to post. But I feel like I am narrowing in on it. I would like to turn this into a 48 hour auction item. I already baby sit several markets more then I should.

August 26, 2009

Snatch List: Netherweave Cloth

Filed under: Snatch List,Tailoring,wowbanker — Tags: — Kevmar @ 6:11 am

I decided to start a series covering my snatchlists. I covered Borean Leather yesterday and decided to keep with the idea. Netherweave Cloth should be on every tailors snatch list. It is such a simple flip to make to turn it into a Netherweave Bag. The math is so simple too. 1 stack of cloth is one bag. Check the prices of those 2 items and if there is a profit jump in.

I snatch it at 7g a stack and sometimes buy more at 7.5G. Add a rune thread and I sell it from 10-11G. I can list several bags at that price and they sell. My competition like to post at 15G but I don’t expect that to last long. My bigest issue is running out of cloth to make bags with. They sell much faster then I can buy the cloth for them.

I know tailoring prabably has some other good markets and I plan to dig into them to see if there are other areas I should be taking advantage of. But this is such a simple flip that I cannot pass it up.

August 5, 2009

Accounting Time

Filed under: Crafting,Tailoring,wowbanker — Tags: — Kevmar @ 6:17 am

I am going to start tracking how I spend my time and what the return on it it. I have used this before to my advantage but didn’t think to apply it to my gold making.

I never do anything small. When Blizzard released Recruit A Friend program, I jumed on it big. I picked up a 2nd account and talked 2 friends into joining me. I Grabed another lvl 70 mage (it was BC at the time) and powered up 4 chars at a time to 61. I did the multiboxing thing and at tripple XP, it was so fast that I had to do more.

I did it again and again. It became a game about XP per hour. Before I was done, I had 11 characters on my 2 accounts and my friends had a few on theirs. I learned a few things along the way.

I found it faster to lvl to 10 with quests and head to sfk then it was to level to 8 and head to rfc. The mobs where just so spread out in rfc and at tripple xp you could just do the easy quests.

I found that 12 min is the magic number for instance power leveling (due to the instance lockout of 5 per hour). In the lower level instances it was a race to finish in 12 min. When doing SM armory and cath that would usualy be by skipping the bosses. The extra 1-2 min it took to gain that little xp wasnt worth it, even with skipping the loot. I would pull the boss in cath to kill stuff but ran out before getting sleept.

Other instances it was kill as much as you could in 12 min and reset. If there were good groups of high xp mobs keep going, if slowed down you were better of to reset. One the last set of alts we leveled from 1 to 46 in one long Saturday session.

I am thinking back to that now as I head into the gold business. There are lots of things I can do to make gold. Each has a optimal time that can be spent. Like that 12 min window for leveling. If I can cut my time spent and produce the same thing or produce more in the same time I will make more with less effot or make it faster.

This weekend I spent a lot of time making bags (New market I was checking out). I would check the AH every few hours to see how many of my bags had sold, I would then search for mats and buy them, then craft them, and post. All those steps are needed, I can’t cut them out. But I can find faster ways to do it or do more less often.

For searching I could add those to my snatch list of my normal banker. So each time he snatches stuff, all the cloth I need also gets snatched.

I can craft in bulk. I can build a good supply of mats and craft it all at once. Something like that you can be afk and just return to your computer every so often to click the next batch. This weekend I was making snowfall ink in batches of 400. I could watch tv and every 2nd or 3rd set of comercials I would start it on the next batch.

I can post in bulk. I already have one alt that manages most of my listings. Now that I plan on batching the crafting, I can forward it to my banker. If I set it up in my mod correctly, it will just post like any other item.

So when it is all said and done I have cut my time back to just the craft time. The other steps were things I was already doing. Now if I can find more things to craft I will be making more gold and diversifying where my gold is.

August 4, 2009

Crafting Bags

Filed under: Tailoring,wowbanker — Tags: — Kevmar @ 6:34 am

I never realized how much volume bags moved in. I decided to give it a try.

I started with netherweave cloth. One stack is one 16 slot bag. I almost double my money every 16 slot bag I sell. I would post 7 at a time and they would be sold the next time I checked.

Once those started to turn into real gold, I added the frostweave bags to the craft list. Mats ran me 63G and sold for 71-85G each. They sold fairly steady.

I’m going to take a look at the other bags and see what they can do. I had this guy as an alt not doing a thing. Now its a quick 150G a day with little work.



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