I know that GDKP runs are old hat to a lot of people, but I was able to participate in my first tonight. Thankfully it was spearheaded by my guild, the Danger Cart on Eldre'Thalas.
The salient point is that it was fun. I enjoyed being able to kill bosses with the potential for either loot, gold, or some combination thereof. I love the concept of GDKP runs and hope they proliferate even more in Cataclysm (although I wonder if guild experience and whatnot will impact that).
Sooooo, that said, the gold per hour is really pretty trivial. 1372g for about 2.5 hours. Again, I can't emphasize enough that the fun more than offset that, but if people get involved with a GDKP run looking to get rich, you're barking up the wrong tree.
I purchased one trinket (heroic lootship Althor's Abacus), which was probably stupid since its primary purpose for a holy paladin is pvp (which is all but dead given that arena season 8 finishes in two weeks), but all said and done I was in the red 2k for the run. Gold well spent for the amusement.
Although nobody's likely to have read this blog yet, I'll post some thoughts this weekend regarding actual AH and WoW strategies. I'm compiling a mental list, so beware!
Wednesday, September 29, 2010
Sunday, September 26, 2010
Some basics
Although these topics have been covered in greater depth (and quality) elsewhere, here's a very brief overview of some basics as I get the ball rolling on The Real Quaaid.
Addons
Probably the single most important factor in streamlining gold making is the use of addons. I'm not particularly adept at such matters, but the following are extremely useful (if not quite mandatory):
Auctioneer
QuickAuctions 3
Altoholic
Postal
LilSparky's Workshop
Links
Just my two copper - this site, and its forums, are the impetus for this blog. Fascinating posts, good insight, and an extremely intelligent community.
Phase 3 Profit - Frequently updated, with some good tips and overall good flow.
Greedy Goblin - not an egalitarian bone in this guy's body, I love the pithy tone.
Strategies
It cannot be said often enough, "time is money, friend." The one thing I loathe about many gold capped bloggers is how they reference doing AH scans multiple times a day, posting/reposting, and crafting for hours. My attitude is, get in, do your crafting/posting efficiently and with a minimum of frequency possible, and get out. I post auctions once a day -- if that -- and do batch crafting maybe once a week, and for some items less frequently than that. Bragging about being gold capped is fruitless when it's a part-time job.
In other words, work smarter and not harder.
How not to do it:
Spamming trade must be the greatest detriment to profiteering possible. If you spam trade like these players below, you'll never get anywhere...it's fighting for tips, which is basically no margin, and your competition is in plain sight. I generally ignore trade channel, except to sometimes find tailors, leatherworkers, etc. (professions I don't have access to) to craft items. I'll buy the mats on the AH, tip them 10g for a combine, and post the finished product on the AH...usually with at least 50% margin. That could've been theirs.
Volume vs. margin
A legitimate, healthy debate can be had between those who prefer quantity (i.e., a high volume of sales at ostensibly low margins) versus quality (i.e., infrequent sales at much higher margins). I was formerly in the latter camp, but have come around a bit to the former. I still think the middle ground is the best approach, as you can't get by on high frequency sales with razor thin margins and expect much net success. I don't have any rock solid answers to this question, but wanted to post it for consideration.
Addons
Probably the single most important factor in streamlining gold making is the use of addons. I'm not particularly adept at such matters, but the following are extremely useful (if not quite mandatory):
Auctioneer
QuickAuctions 3
Altoholic
Postal
LilSparky's Workshop
Links
Just my two copper - this site, and its forums, are the impetus for this blog. Fascinating posts, good insight, and an extremely intelligent community.
Phase 3 Profit - Frequently updated, with some good tips and overall good flow.
Greedy Goblin - not an egalitarian bone in this guy's body, I love the pithy tone.
Strategies
It cannot be said often enough, "time is money, friend." The one thing I loathe about many gold capped bloggers is how they reference doing AH scans multiple times a day, posting/reposting, and crafting for hours. My attitude is, get in, do your crafting/posting efficiently and with a minimum of frequency possible, and get out. I post auctions once a day -- if that -- and do batch crafting maybe once a week, and for some items less frequently than that. Bragging about being gold capped is fruitless when it's a part-time job.
In other words, work smarter and not harder.
How not to do it:
Spamming trade must be the greatest detriment to profiteering possible. If you spam trade like these players below, you'll never get anywhere...it's fighting for tips, which is basically no margin, and your competition is in plain sight. I generally ignore trade channel, except to sometimes find tailors, leatherworkers, etc. (professions I don't have access to) to craft items. I'll buy the mats on the AH, tip them 10g for a combine, and post the finished product on the AH...usually with at least 50% margin. That could've been theirs.
Volume vs. margin
A legitimate, healthy debate can be had between those who prefer quantity (i.e., a high volume of sales at ostensibly low margins) versus quality (i.e., infrequent sales at much higher margins). I was formerly in the latter camp, but have come around a bit to the former. I still think the middle ground is the best approach, as you can't get by on high frequency sales with razor thin margins and expect much net success. I don't have any rock solid answers to this question, but wanted to post it for consideration.
Kickoff
Welcome to The Real Quaaid, a blog that will attempt to dissect, analyze, and pontificate on various matters pertaining to accumulating wealth in the World of Warcraft*.
In kicking off this blog, there are several distinct obstacles to success: 1) it's a crowded field, given the number of successful blogs that cover this topic, and 2) with the upcoming expansion, there's a lull in WoW activity that impacts the community's desire to play, read blogs, etc.
So, why am I doing this in light of both factors? Regarding the former, I hope to demonstrate a level of insight that can supplement the work done by others. If I can contribute any value to those whose passion is amassing in-game wealth, then my mission is successful. WoW gold blogs aren't collectively zero sum, i.e. hopefully the field has the capacity to tolerate one more with minimal detriment to any others. Regarding the latter, I view this as a trial run in order to ramp up for Cataclysm. I want to hit the ground running, and using the last couple of months of WotLK to prepare seems like a prudent opportunity.
If you have any questions or comments, I can be reached at Quaaid at gmail.com. Happy hunting!
*Or matters completely and totally unrelated to gold blogging or even WoW.
In kicking off this blog, there are several distinct obstacles to success: 1) it's a crowded field, given the number of successful blogs that cover this topic, and 2) with the upcoming expansion, there's a lull in WoW activity that impacts the community's desire to play, read blogs, etc.
So, why am I doing this in light of both factors? Regarding the former, I hope to demonstrate a level of insight that can supplement the work done by others. If I can contribute any value to those whose passion is amassing in-game wealth, then my mission is successful. WoW gold blogs aren't collectively zero sum, i.e. hopefully the field has the capacity to tolerate one more with minimal detriment to any others. Regarding the latter, I view this as a trial run in order to ramp up for Cataclysm. I want to hit the ground running, and using the last couple of months of WotLK to prepare seems like a prudent opportunity.
If you have any questions or comments, I can be reached at Quaaid at gmail.com. Happy hunting!
*Or matters completely and totally unrelated to gold blogging or even WoW.
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