Friday, January 22, 2010

100,000

100,000G!

This is a BUNCH of FUN people! I love opening the mail to see all the goldz coming in!



I’ll post on Sunday as per usual with numbers but here’s a few things I’m focussing on at the moment:

Create a neutral AH alt
I’ll put my guy down at Booty Bay. I’ll need to get a guildie to come escort duty. There are a number of uses for this bankalt – selling faction pets, snagging DE items, posting wolf books. Aside from this though it’s a good idea to have a toe in as many markets as you can – opportunity costs me nothing here.

Stockpile books for Cata
I’m buying these at the moment when they get below 25g and using them on my crafter. He’s almost at 100% coverage. Once he’s there I’ll stockpile them for Cata – I’m expecting around 75g profit per item when Cata drops. How many to stockpile is an interesting question. How many crafters on server? How much need will there be? How many other people on server with the same idea as this? I might cap stock numbers here at a few stacks.

Clear the AH of herbs
A fellow mogul has done this and had fun with it. On my AH though there’s too large a spread in prices not to lose gold – however, what this idea did do was to focus me on my buying strategies. As I was working out what the breakeven price was for me on different herb stacks I realised I could be buying at far higher prices then I have been – especially on the higher-proccing herbs such as icethorn.

Create a list of vendor pets
Calico cat and albino snakes are selling well – what else can this semi-reformed rabbit purveyor procure? Pets that are either newer or difficult to get to are the ones to go for. Auto posting on QA2 will need to be set up and I’ll have to think through supply chain (ie, 1 run per month getting lots and lots of product).

Buy big
I have 100,000G now – how can I use my money to create profits due to scale? The first thought that comes to mind is buying low (during the week) and selling normal (on the weekend). I’ve read of folks doing this with dusts and making good profits. Dust is dead at the moment though due to the dungeon DE option and increased DE rates in general so where to go with this one? I’m thinking of trialling on the Eternals market. The important question to ask here is: how much of this stock can I move? Will keep you guys informed.

Create another guild bank (Gbank 2)
Boy do I need this. As I have developed my knowledge of the crafting/AH system I’m appreciating more and more the power of buying low, and buying for ‘events’. Bank 2 will be a venture bank with riskier product.

Organise / Rationalise Gbank 1
There’s a bunch of stock in there that can be sold for profit. Time for a garage sale, then rationalise my inventory between the two banks.

Buy a grand’s worth of titanium ore
With a price of less then 165g per stack – I get a chance at 6 epic gems… which sell for around 200g. So that’s my break-even point for a first run at buying. I’m more interested to see what amount of additional product drops – blues, dust, greens. I’m building a picture of profitability. Will report on whether I can do better then 165g and what profit I find here.

Level LW
My raiding main currently has 450 mining. This used to be great when I was building my initial stack but farming runs have been a thing of the past for some time now. Time to drop mining and level something useful from a crafting point of view. LW is perfect for my guy who runs feral/feral tank/deeps – bracer enchants are win in these circumstances and provide a deeps buff into the bargain over the current stam buff that comes from mining. So, mats upfront on this one as I’ll want to keep buffs as high as possible – 0 to 450 in one go? Maybe.

Buy myself a present
I’ve hit 100k – think I’ll buy a pet… or just max out tailoring ; )

Or both!


: )

Mogul.

2 comments:

  1. I’m buying these at the moment when they get below 25g and using them on my crafter. He’s almost at 100% coverage.
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