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Archive for the 'gold making' Category

Chris & Ryan talk about the systematic changes to the game in 5.4 and why one addone, oQueue, is going to be mandatory.

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Show Notes to be added later...but I still managed to find a picture of two pandas gettin' it on.

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YOU ARE NOT PREPARED!  (No, seriously.  I'm pretty sure you are not prepared.)

Here is Wowwiki's guide to hidden and long quests.  Enjoy!

Ghostcrawler talks about the future of tanking.  Read here, and weigh in if you dare.

The Darkmoon Faire gets a complete overhaul!  New mounts, skill points, and of course...more tickets!

Transmogrification: Some likely items that people may want:

Tankard of Terror

Battered Hilt

Skullflame Shield

Zom's Crackling Bulwark

Blade of Wizardry/Teebu's Flaming Longsword

Northern Barrier

Onyxia Scale Cloak

Dreadlord's Blade <- Unique model, and one of the coolest BoP 2-Handers in Wrath

Want to know how much gold your opposition has?  Download Goldscore, bitches, and find out!

Q: What is the best time to prepare for Epic gems?  A: Before they are announced.  This week, we talk pricing, options, and all things Epic gem.

Here is a link to Chris's interview he gave with the good folks at WarcraftEcon. Check out their site for great gold making tips, and check out his interview for some specific strategies he uses.

Thanks for listening to the podcast!  As always, feel free to join our Facebook page, leave comments on our site, or follow us on Twitter @WarcraftLounge

Regards,

Ryan [Lohrdook/Stilleiro - Hydraxis; Dynam - Gilneas] & Chris [Drakkmur - Hydraxis]

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We have only just begun, to speculate, on possible ways, to make some gold off this.  Maybe.

Get Chris's two addons: MageManaBar for you Arcane Mages too baffled by pressing your button, and BadBoy to put an end to anal spam on your server.

Transmogrification is coming to patch 4.3!  What does it mean for you and your characters.  This is a topic that we will continue to explore in the coming weeks, to see if there is some way to make money of what is essentially a feature that combines PvE and RP.

Void Storage is also on the way.  YAWN.  Void Storage is a fancy word for 'More Bank Space', and not much else.

Go to ASKMRROBOT, you fools!  Seriously, do now.  The over/under on things you have fucked up is FIVE.  I'm taking the over.

The hosts discuss Opportunity Cost.  Go read this Wiki, learn it, live it.

Thanks for tuning in (even the Rogues)!  If you have any comments, you can reach us on the Facebook page, our comments page, or follow us on Twitter @warcraftlounge.

Regards,

Ryan [Lohrdook/Stilleiro - Hydraxis(H), Dynam - Gilneas(A)] & Chris [Drakkmur - Hydraxis(H)]

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Despite Ryan trying to be a better citizen of Azeroth, he keeps running into people who buy into the above philosophy.

Welcome back listeners,

This week our hosts discuss what they've been up to in preparation for patch 4.2  Ryan has become a Pokemon trainer, using Petopia's guide to rare and unique pets in Azeroth.   Chris has jumped guilds, and advises listeners how to deal with joining a guild that is far more progressed than you are.

Here are 2 of the pets: Ashtail & Olm the Wise

If you want to see complicated, here is the Elitist Jerks forum for Marksman hunters.  Keep this in mind, the next time some blowhard asshat tells you they can perform the calculations better than Elitist Jerks.

For those who don't believe it, here is the Baradin Hold where the hunter completely owned Pit Lord Argaloth.

Mount Alert: The Winged Guardian goes on sale this week.  Not for nothing, but it looks incredible.

Courtesy of the tireless work of MMO-Champion, here are the Firelands will feature 3 vendors, who all have completely different sets of gear.  Don't pick the wrong one, or you will be completely screwed. (No pressure)

Here is the Dev Watercooler blog where they do the post-mortem on Talent trees.  Let us know in the comments or on the Warcraft Lounge Facebook page, which 31 point talent you think is A) the best and B) the worst.

As always, the link to the Patch 4.2 notes.  (If you've been nerfed, tough shit.  Build a bridge and get over it.)

At Chris's recommendation, here is Learn to Raid and Tankspot.  These two resources will serve as excellent starting and ending points for the beginning, intermediate and hardcore raider.  Also, here is a picture of Aliena and a Papapaint audio clip.  If you haven't seen nor heard either...click you fool!

Thanks again for listening to our latest episode, you can get ahold of us on Twitter (@warcraftlounge) or on our Facebook page, and if you hop on over to iTunes and give us a 5-star review we'll mention you on the next podcast.

Regards,

Ryan [Lohrdook - Hydraxis(H), Dynam - Gilneas(A)] & Chris [Drakkmur - Hydraxis(H)]

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How to play Wizard's Staff: Every time you drink another beer, you duct tape it to your "Wizard's Staff".  Each can represents a level, and every 5 levels you have to fight a "Dragon" (do a shot).  At any given time, the person with the most levels, can boss around any other wizard below them who has less levels than they do.  To initiate a wizard's duel, you must strike staves, and any beers that shake loose are lost 'levels' forever.

[LINKS ARE IN PROGRESS]

Welcome back listeners, to Episode 17 of the Warcraft Lounge.

Drakkmur's interview is finally up on Warcraft Econ's Hall of Fame.  If you're interested in learning more about how Chris made his gold, this would be the spot.

Nerfbat incoming for the current tier of raiding when 4.2 hits.  We don't talk about it that much (because by the time it happens we'll be too busy exploring the Firelands) but T11 content got AOE-nerfed.

Here's an example of how Wowhead can show you all the new items introduced to the PTR.

The Reins of Poseidus now drop off of Poseidus in 4.1  Mount collectors are on notice.

NPC Scan: If you want to find those pesky rare mobs, I can't think of a more useful addon.

Legendary what?  They have datamined Tarecgosa's Rest, the latest in a long line of legendaries soon to be immortalized in Trade Chat.  We give our take on how should get the staff, who shouldn't, along with making the case for one type of healer to get it.  Here is the article Chris liked, written by Scott Andrews of WoW Insider where he explores the thought processes behind handing out the staff.  (The comment section is particularly helpful, because lots of readers weigh in on what their guild is doing.)

Premium services are on the horizon, and everyone has lost their minds.  We have very little details about them, but we offer our perspective on exactly what Activision/Blizzard is really trying to do.  For those people on the forums who are convinced Blizzard will make money hand over fist and are interested in putting their money where your mouth is, here is a link to the chart for ATVI and TD Ameritrade.  (As mentioned in the podcast, here is the perspective on premium services of The Noisy Rogue.)

New loot list for Patch 4.2 (In progress) courtesy of MMO-Champion.  For the time being, just know the new Hyjal faction drops cloaks, belts, trinkets & rings.

Thanks for listening to this week's episode.  As always, you can find us on our Facebook page and Twitter (@WarcraftLounge).  We will give a shoutout to any listeners who give us a 5-star review on iTunes (not Podbean's page, although we do appreciate that too!) and if there are any topics or subjects you would like us to tackle, shoot us a line anytime.

Regards,

Ryan [Lohrdook - Hydraxis(H)/Dynam - Gilneas (A)] & Chris [Drakkmur - Hydraxis(H)]

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The most politely hurtful thing you need to ever say.

Welcome back listeners to Episode 16 of the Warcraft Lounge.  In this week's Episode, we tackle all things Zul'Aman and Zul'Gurub, including that pug-wrecking final boss of Zul'Gurub Jindo the Pugbreaker.  We review a couple other problem bosses like Nalorakk and talk about what players can do to make their groups more succesful.

Plus, money making tips for 4.1.  Is there another way to make money from Archaeology?

Hey DKs wake up.  Soulstones can be used on dead players, Warlocks.  Along with Shamans, you're officially on the clock as being responsible for having your new abilities ready.  (Spirit Link Totem + Baradin Hold Meteor Slash...)

Here is the Loot List for Zul'Aman and for Zul'Gurub, courtesy of Wowpedia.  Plan your runs accordingly.

MARKET WATCH:

RISING: GEMS, ENCHANTING MATS & ONE PARTICULAR ARCHAEOLOGY FRAGMENT FALLING: HERBS, ORE & QUALITY OF PLAYERS GEAR IN REGULAR HEROICS.

Correction: Although it is apparently the intent of Blizzard to have items that are Needed be soulbound, it is not in yet. [Slated for 4.2]  The asshattery continues, although some are worth more than others and may be worth getting kicked for.  Just saying.

Thanks to Adam of the Noisy Rogue for taking the time to give us a review; we appreciate the candor and our listeners would probably enjoy his style greatly.  I even managed to find the review which drew me to his site in the first place.

Thanks again for listening; we appreciate all of your suggestions and comments on our facebook page, and on iTunes.   As always, any five star reviews will get you a shoutout on the next podcast and feel free to whisper us in game.  We're more than happy to talk.

Regards,

Ryan (Lohrdook - Hydraxis, Dynam - Gilneas) & Chris (Doobee, Xynar - Hydraxis)

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This is a photo of the actual raid leader from the -50DKP video.  Is that really who you want keeping track of your loot?

Welcome back to Episode 14 of the Warcraft Lounge!  Blizzard has been doling out new information with an eyedropper, but we've managed to put it together for you in one spot.

Prices are plummeting!  Across the board, raw materials and finished goods are dropping in price.  Find out how to take advantage of the Bullwhip Effect on your server.

Here is the article from WoW Insider regarding what to do when someone is flipping all your BoEs.  Only follow the advice of the commenters if you're interested in losing all your gold in a most spectacular fashion.

Patch 4.1 continues on it's way.  Zul'Gurub and Zul'Aman are being revamped and added to the game.  Check out their Loot Lists here so you don't make any stupid purchases over the next 3 weeks. (Valor conversion will occur in Patch 4.2, not 4.1!)

Patch 4.1 will also feature guild challenges (whatever the hell those are), new vanity items, and a stunning new reason to level Archaeology.  The full notes are here.

The hosts discuss Loot systems: +1, DKP, EPGP, & Gold DKP.  Tell us the experiences you've had with loot systems, which one you think is best, and if you can design a better loot system, we're all ears.

Initiate status in a guild: Is it necessary for progression or another sneaky way to screw the new people out of loot?  The hosts discuss that topic quite civilly.

Ryan mentions Kalytha's Haunted Locket, purchased from Tex Vortacoil in Azshara.  Just another way to make your guildmates say: WTF!

Game theory: where mathematics meets people.  Is it possible to really cooperate with our competition? 

Remember to follow us on Twitter @WarcraftLounge, and join our Facebook page here.  We're always available for comments and questions, and don't hesistate to whisper us in game.

Whetehr you are hardcore or casual, thanks for listening to our podcast.  Just a reminder, we mention any and all 5-star iTunes reviews on our next episode, so help us out and let the iTunes community know if you're enjoying the podcast.

Regards,

Ryan (Lohrdook - Hydraxis/ Dynam - Gilneas) & Chris (Doobee/Drakkmur - Hydraxis)

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Chris and his pricing tactics, strike again.

Not to toot our own horn, but we're fairly prolific when it comes to getting advice from us about things to make, how to make them, sometimes even what price to charge.  However, it occurs to me, as I am posting my glyphs for the third time today, that we have discussed very little about undercutting strategy.  That, ladies and gents, is about to change.

The first thing you need to understand about your item, is if the item is fungible.  In business, all voting shares of IBM, or Microsoft, or Oracle are exactly the same.  They have one price, and nobody's shares are higher quality than anyone else's.  

Since your stack of Cinderbloom is not any better than someone else's stack of Cinderbloom (quality factor), players make buying decisions based on two alternative factors: PRICE and QUANTITY.  Price is the most effective lever you can pull, although quantity does matter.

If you are lost, prepare to be found: If someone else in the AH is posting the exact same thing you are, either sell your shit for less, or find a way to package it more conveniently.  Trust me, nobody who needs 30 Volatile Life likes buying 30 Volatile Life one at a smegging time, even if you have an addon (Auctionator) that makes it not much harder than clicking a button 30 times.  And as we have discussed previously, undercutting your competition by a copper will net you 100% of the business, every time.

You can undercut for a copper, and you can undercut by considerably more.  See Episode 10 of the podcast for more details on that.

Posting: 12 hour sales, period, especially if you're trying to sell a high priced Epic.  Running a business means you should focus on two costs: Top line and bottom line.  Top line, is the items you sell and their revenue generated.  Bottom line, are the expenses you incur to make those items.  These include raw materials, and for the purpose of this discussion, auction house fees.  To keep your costs to a minimum, when you are posting an item/good with ANY sort of competition, post your items at the shortest allowable period.  If you post for 48 hours, then have to cancel and repost because you have been undercut by a copper, you end up losing more than if you had posted it for 12 hours, and reposted.

Friends List: If Blizzard renamed the Friends List to 'People Tracker', more people would take advantage of this sneaky strategy: put your major competition on your friends list.  I don't care if you hate them with the heat and intensity of a thousand suns, you're adding them to your friends list because every time one of them logs on or logs off, you get a little yellow message in the lower corner telling you: Hey, your competition has logged off for the night.  Let's go undercut everything he posted.  Get it? (To avoid being an easy target, give your bank alt one of those horrific names with the ASCII characters in them - most people will not be able to add you to the friends list because your Bank alt is named "Pàáâãäåæçèéêëy").

Don't Always be the Lowest: Every now and then someone will post an item in the AH and you get a situation that looks like this...

  • Random Crappy Item - 1 stack of 1 - 15g 20s 43c
  • Random Crappy Item - 10 stacks of 1 - 23g 86s 10g

Don't bother undercutting the first person.  Undercut the second person.  His supply of one Random Crappy Item is probably going to get bought out (and you can even consider buying it yourself and reposting it if the volume is high enough), leaving the rest of the server clamoring for the 23g Crappy Item from auctioneer #2.  Don't undercut the idiot who posted at 15g, undercut the other guy at 23g.  If you have 20 of that item to post, you just earned yourself an additional 160g for that one stack, by not being the 'cheapest' in the AH.  Experience in a given market will help you learn when it is best to be the cheapest, or the second cheapest.

Pricing: Get your money back.  Seriously, do not sell things for lower than they cost you to make.  I say this in all seriousness, because you have no idea how many people will devote WEEKS of their life making and then selling items for zero to negative profit.  Thankfully, over time they get bored as they make sales but earn no profits, and then they go back to the tried and true method of farming, aka, being poor.  Do not get dragged into a price war with an idiot who does not value or respect their time and the cost of the materials it takes to make an item.  Farming your own mats IS NOT FREE, but some of your competition will view it like that and sell flasks and glyphs with that incredibly shortsighted mentality in mind.

Who is crazier, the crazy person or the person who tried to match wits with crazy people?  If someone decides to move into your current market and put items on the AH so low as to get paid little to nothing, move on.  However, keep close tabs on the market, checking it 3-4 times per week, because eventually the morons who don't price in profits, will quit the market.  Crafting items is work, and selling finished goods for less than the farmed materials, is something even the dimmest of bulbs will eventually figure out.

Gouging: If you are the only one selling an item on your server, how much do you sell it for?  Answer: it depends.  If more of the item are potentially on the way (crafted epics, new metas/enchants) then you want to sell your item high enough that you get a decent monopoly price for it, but not so much that you cause people to simply wait you out for a better deal.  If the item is somewhat scarce (BoEs from raiding, etc.) and not likely to be replenished soon, then you have a little more leeway because people can't seek guildies or other people to make it for them.  

I personally will raise the item 10%-20% higher than the average selling price; pigs get fat, hogs get slaughtered.  Don't be a price hog. 

(If you need the average price of something, go to the Undermine Journal and check the selling price.)

That's it for now; later on this week, I will talk about actual undercutting tactics.  Let me know if there is anything you want me to touch on, but I think this is a pretty good primer for those posting items in the AH.)

-Ryan (Lohrdook/Stilleiro - Hydraxis, Dynam - Gilneas)

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