Sunday Blog Post Roundup Vol. 5

What a week — the blog-o-sphere is on fire with good stuff to read.  Hang with me to the very end of this list, they are all excellent.

The Gold Queen posted a tip on how to “shuffle” leather.  It’s actually a type of currency arbitrage, and a good, easy tip.  Check the prices on your server before you jump in.

Croda at marketsforgold had two really good posts — one on how to get a guild bank (which actually points out there are some downsides to it) and one that shows exactly how they evaluate items for flipping potential, step by step.

Jim Younkin from Power Word: Gold posted a list of exactly what money making professions he’d recommend you have depending on how many characters you have to work with.

Mommar from Just My Two Copper didn’t use the words “business process” in his post, but that’s exactly what he was talking about when he posted about keeping a list of daily activities.

Faid from clockworkriot wrote two great inscription related posts.  The first was on preparation for MoP, and the second was on tactics for dealing with competition in the glyph market.

Staying on the topic of dealing with competition for a moment, on Phat Lewt’s Gold Blog, Mr. Lewt’s wrote a simple post about the basic ways gold earners track the activity of other sellers.

On ALT:ernative, The Godmother posted an excellent take on Blizzard’s new guild mentoring program.  I, however, took something else away from the post — her list of questions used when interviewing potential guild members.  I always say when I’m looking for people to work with, the only two really important qualifications are that they are cool and smart — most of the rest you can teach.

Focushot from Hunter Mastery shared a list of 10 gold making tips.  They are specific ideas for products you might not have considered.

Finally last but certainly NOT least, Cold from Cold’s Gold Factory gave his opinion on why the old gold earning cliche “buy low, sell normal” is a joke.  Also make sure to check out all the great posts that were entered into Cold’s Gold Blogging Carnival for July.

 

Learn During the Lull

July’s topic for Cold’s Gold Blogging Carnival is:

“What Do You Recommend Players Do During The Current WoW Lull To Benefit Gold Making In The Future?”

Back in May I wrote about this very topic in the post “Everyone’s Gone! What Should I Do?“  Looking back on my suggestions and considering how things have gone for me since then, I’d emphasize even more strongly what a great time this is to learn and experiment.  Learn how to do new things now so you can profit from them should an opportunity present itself in the future.  For example:

  • Max out professions and hunt for new recipes
  • Learn how to use a new addon, or learn all the advanced features of your existing addons
  • Search the internet for new gold making ideas and experiment — actually try them
  • Adjust your goals, write them down, and optimize your business processes accordingly.
  • Play the MoP Beta and read about upcoming gold making changes in some of the great guides being written.  (Check back, I try to link the good/new ones as they are posted)

There is one caution here — this is not a good time to gather data about market behavior and make final decisions about what markets to play in the future.  Everything will change around the expansion, not the least being that market volumes will fluctuate widely.  Be ready to be as flexible as possible by increasing your gold earning skills now, while you have the time.

Cash Flow Positive Leveling

This is my first post created for Cold’s Gold Blogging Carnival.  The June topic is:

“What Are Some Things You Recommend Players Look Out For While Leveling A New Character In WoW?”

This is very relevant to me personally at the moment because like a lot of players I’m trying to level two more characters to level cap before Mists goes live.  Some aspects of leveling a new character are very different when it’s your first character versus your tenth.  But I firmly believe that in either case, one thing is always true: Leveling (even fast) does not have to cost you gold — you can make money while you level.

In fact, some ways to make gold are just plain less painful to do when you can multi-task and earn XP or profession skill at the same time.  Here are my key recommendations:

  1. Whatever you do in WoW, always have fun.
  2. If this isn’t your very first character (and for most I’m sure it’s not), send yourself a small gold stake to start.  You don’t need a lot, just enough to be able to train and repair whenever you want without thinking about gold.  1000g is plenty.  And send yourself or buy a few bags, of course.
  3. Use a simple addon like Auditor to track your incoming and outgoing gold.
  4. Use an addon like Informant from the Auctioneer Suite to display vendor sell values in tooltips, and choose quest rewards accordingly.
  5. Don’t spend gold on gear.
  6. Choose primary professions to level with and don’t be afraid to change them later.  Many of the best professions to have at level cap are not the best ones to level with.  On top of that, power leveling most non-gathering professions when you are at level cap is pretty easy.
  7. Level secondary professions as you level.  The profession dailies in Shattrath, Dalaran, and the Cataclysm ones give good XP, gold, and the Cataclysm ones even give skill points for fishing and cooking.
  8. Exception to #5 — ignore Archeology until you have a flying mount.
  9. Go to the Faire! The Darkmoon Faire profession quests give good XP, gold, and +5 skill points each week the faire is open for each primary and secondary professions.
  10. Watch out for skills falling behind your level.  Now that the XP required to level has been reduced, it’s easy to get behind and find your skinner unable to skin your kills as you quest at level.  Don’t let that happen to you.
  11. Take time to gather and sell low level materials.  This goes for herbs, ore, and leather if you have those professions, and dropped items like cloth. Use these items in your main gold making business if you can.

There are no absolutely right or wrong choices for class, race, professions, or leveling method.  The first point above applies here, choose something you find fun.  What has worked for me lately is to take herbalism on all my levelers, because I’m a scribe.  I funnel those materials into my main business.  For a second profession I either choose another gathering profession (mining or skinning) or a profession with a profitable cooldown like alchemy, which just happens to go well with herbalism.  (Alchemy is trivial to power level, but the materials required aren’t always available on every auction house.)

Another choice would be to level a profession that has some kind of timed gates to getting recipes, like jewel crafting or inscription.  These profession force you to do quests or research once per day to get all the “stuff”, so it makes them harder to level later, but still not impossible.

“But wait” you say, “I just want to power level to cap then I’ll worry about gold.”  It may be true the absolutely fastest way to level is to ignore gold, and if you really want and need to do that, ok.  But most people just don’t level as fast as possible, even if they say they will.  You can level just as fast or faster than most and still make money easily.  In addition, if you ignore gold while you level you are missing the opportunity forever.  So look out for losing gold while you level — you don’t have to.