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I think it may be impossible to make gold with Alchemy...
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Beitrag von
Interest
On topic: I'd honestly just get a JC if you plan to go that transmutation route. You'll have much more of an opportunity to generate profit.
(Prospect ores, use them for specific recipes, cut transmuted gems, etc).Well this got derailed quickly, lol!
No kidding, lol.
Beitrag von
Deadi
@spicker
As for what I mean, let me restate. If you were on my sever or I was on yours and we had the same items on the AH at the same time, yours would not sell because mine will be cheaper because I do not assign a time cost.
Pfft mine would sell, I would just buy yours out and sell them at market price...In all seriousness though, keep doing what your doing, I love buying cheap herbs :P
+1
TSM even has a feature that analyzes this for you.
Beitrag von
581897
This post was from a user who has deleted their account.
Beitrag von
MrSCH
Can you not only do that xmute once a day?
Also, I don't think I have it; how do I get it?
And why teleport to Uldum, lol.
Such a noob eh.
Beitrag von
Nathanyal
Can you not only do that xmute once a day?
Also, I don't think I have it; how do I get it?
And why teleport to Uldum, lol.
Transmutieren: Lebende Elemente
You should be able to learn it from the trainers. It can only be used once a day, on the same CD as
Transmutieren: Pyriumbarren
and
Transmutieren: Echtgold
. Casting the spell in Uldum is guaranteed Volatile Airs. Doing it in different places will get you different results. Read
this
for more info.
Being Xmute spec can let you get extra volatiles, but those extra are random.
Beitrag von
c0h3n
@spicker
Yes, I had a scribe and I actually kept it a week or two after they made glyphs permanent. Then I got rid of of and made that character a pure gatherer. Dropping inscription and adding mining just seemed a better mix as it allowed me to quit buying mats for my JC.
I really do understand your concept and on a server where everyone has that mentality, I am sure it works. But I just don't see everyone having that mindset. Not everyone likes to see mats or finished products, especially those finished products that are based on purely farmable mats, being inflated because a time cost is added.
As for what I mean, let me restate. If you were on my sever or I was on yours and we had the same items on the AH at the same time, yours would not sell because mine will be cheaper because I do not assign a time cost.
/cringe at complete failure to understand opportunity cost.
Beitrag von
SheppardBook
@spicker
Yes, I had a scribe and I actually kept it a week or two after they made glyphs permanent. Then I got rid of of and made that character a pure gatherer. Dropping inscription and adding mining just seemed a better mix as it allowed me to quit buying mats for my JC.
I really do understand your concept and on a server where everyone has that mentality, I am sure it works. But I just don't see everyone having that mindset. Not everyone likes to see mats or finished products, especially those finished products that are based on purely farmable mats, being inflated because a time cost is added.
As for what I mean, let me restate. If you were on my sever or I was on yours and we had the same items on the AH at the same time, yours would not sell because mine will be cheaper because I do not assign a time cost.
/cringe at complete failure to understand opportunity cost.
Guess you missed the part in the section you quoted where I say I understand, because I do. I just choose to ignore it because it is there to soley inflate the cost of an easily farmable mat.
/cringe at complete failure of reading comprehension.
Beitrag von
TheReal
If you were on my sever or I was on yours and we had the same items on the AH at the same time, yours would not sell because mine will be cheaper because I do not assign a time cost.
If you're a farmer and I'm a crafter, we're not going to have the same items up there anyway. If someone is undercutting my crafted items, I lower my price to the price I pay to craft the items and then when I'm undercut again, I buy up everything that gets posted at or below my crafting cost and then relist them at my price. Boom, instant profit.
But hey, if you want to be my blue collar worker, go for it. I need suppliers who don't value their time as much as I value mine. You keep feeding me cheap leather, ore, and herbs and I'll keep using TSM to convert them into completed goods and profit at your expense.
"What expense lol?" you might ask. Your time. Supplying me with cheap materials is effectively investing your time for my profit. I like that.
Let's say you and I have two hours. You spend both of them farming herbs that I buy for 1000g. I can spend half as much time turning those herbs into twice the amount of gold I gave you for them, leaving me a whole hour to spend ironing my white collar.
See how that works? If you're farming to make gold, you're selling yourself short.
Beitrag von
JASP01
I find this very amusing.
I don't think SheppardBook really understands it, so let me put it in another perspective.
He's looking at it as crafting vs farming. We say it's one or the other, he just doesn't seem to care.
How about this? You can farm mats. Or do my special method, which if you read my post on here (Stuck ($$$)), it's posted at the bottom... Anyhow, I have a method netting me thousands of gold per hour. Then I can buy the mats, and sell the results... Or, I could spend an hour just getting the mats to sell the results... But then I would only have as much as I would farm. Not likely to be as much.
Opportunity Cost=Farm thing 1 vs Farm thing 2. Can't do both at the exact same second. So it's choose 1. Whatever works out to be best.
TL;DR: Take any form of an economics class whatsoever. I don't usually insult, but... It will help you.
Beitrag von
Poolie72
So what happens if you only use the AH and craft (don’t bother with farming mats) and you want to make inferno Ruby. You’ll need Carmelian and Heartblossom , but the AH doesn’t have any for sale or if it does they are at an extortionate price? What do you do then? Bang goes your time, you can’t do anything.
Least if you have a farming profession you can corner the market for a short time.
Beitrag von
TheReal
So what happens if you only use the AH and craft (don’t bother with farming mats) and you want to make inferno Ruby. You’ll need Carmelian and Heartblossom , but the AH doesn’t have any for sale or if it does they are at an extortionate price? What do you do then? Bang goes your time, you can’t do anything.
Least if you have a farming profession you can corner the market for a short time.
Can you come up with a harder question?
I only craft what's profitable to craft. There is an awesome add-on called TradeSkillMaster (TSM) that tells me (with fairly good certainty) what items are profitable to buy the mats for and craft. If inferno rubies are not profitable to craft and sell, I don't want to craft them.
The exception? When I want an enchant or gem for my own gear, I either buy the mats or buy the item, whichever is cheaper.
Crafting off of other people's farming is an exceptional way to make gold if you craft what is both profitable and what sells. TSM should almost be illegal because it's just
that good
.
Beitrag von
Poolie72
So what happens if you only use the AH and craft (don’t bother with farming mats) and you want to make inferno Ruby. You’ll need Carmelian and Heartblossom , but the AH doesn’t have any for sale or if it does they are at an extortionate price? What do you do then? Bang goes your time, you can’t do anything.
Least if you have a farming profession you can corner the market for a short time.
Can you come up with a harder question?
What’s the meaning of Life? That harder for you? :)
My point was, if you only buy mats of the AH to craft, what do you do if there are no mats to buy? My example was inferno Ruby.
However if say the mats for glyphs are cheap to buy but you don’t have the skill then it’s pointless them being for sale to you alone.
Your probably right, that when the mats are for sale on the AH, not farming them will make you gold faster, but what if they are not for sale or at a reasonable level? What do you do then was my question.
Beitrag von
TheReal
When mats aren't available or they're crazy expensive, I make something else. I don't pigeonhole myself into crafting only gems or cloth armor for profit. I have an enchanter, an alchemist, a tailor, a scribe, a blacksmith, and a jeweler. If raw materials for all those professions are priced crazily, either the market price of the finished goods will rise or more farmers will flood the AH hoping to capitalize on the higher prices (effectively correcting the market).
Either way, it's about knowing what to craft and recognizing market trends. There's a reason blue collar workers (in any profession) make less money: what they do requires less brain power. Working smarter instead of harder provides larger returns.
Beitrag von
Azrile
So what happens if you only use the AH and craft (don’t bother with farming mats) and you want to make inferno Ruby. You’ll need Carmelian and Heartblossom , but the AH doesn’t have any for sale or if it does they are at an extortionate price? What do you do then? Bang goes your time, you can’t do anything.
Least if you have a farming profession you can corner the market for a short time.
The other part of it that the ´opportunity cost´ people don´t mention is how many times you end up having a product to sell that you can´t sell because there are 10 people with the item listed below the price of the mats you spent all day trying to buy on the AH. Or how much time you spend getting unsold products out of the mail and then running back to relist them. They also don´t mention how long they spend scanning the AH to buy mats.. but they are quick to jump on the ópportunity lost´ of the people out farming.
If you farm the mats yourself, you have much more freedom when trying to sell stuff because there isn´t an magical ´bottom´ price that you can sell stuff for.
For instance, you buy the mats for an infernal ruby for 125g.. you can never sell it below that price because you will take a loss. You might end up with that item going to your mailbox 10 times.. or it might sit in your backpack for a month. If I farm the mats, then selling it for 124g is fine for me.. I can undercut anyone.. I have my money and am long gone.
Don´t let these guys fool you.. ´farming the AH for mats´ has just as much of an opportunity cost as farming zones for mats with the added disadvantage that you also have a lower limit on what you can sell the item for.
Beitrag von
265062
This post was from a user who has deleted their account.
Beitrag von
TheReal
The other part of it that the ´opportunity cost´ people don´t mention is how many times you end up having a product to sell that you can´t sell because there are 10 people with the item listed below the price of the mats you spent all day trying to buy on the AH. Or how much time you spend getting unsold products out of the mail and then running back to relist them. They also don´t mention how long they spend scanning the AH to buy mats.. but they are quick to jump on the ópportunity lost´ of the people out farming.
Technology is an awesome thing. Using TradeSkillMaster and its database update utility, I NEVER have to scan the auction house.
Any economist would agree it's fair to make certain assumptions, and I believe it's fair to assume that farmers and crafters who each spend x amount of time posting y amount of auctions are each going to collect z amount of unsold auctions from their mailboxes. Just because you're a farmer and I'm a crafter doesn't mean you're going to be undercut fewer times.
If you farm the mats yourself, you have much more freedom when trying to sell stuff because there isn´t an magical ´bottom´ price that you can sell stuff for.
The magical bottom price is the amount of gold you can make doing something else added to the difference in values you place on farming and doing white-collar stuff. For example, let's assume you can make 200g/hr working on Loremaster of Cataclysm or doing dailies. You can also make 100g/hr farming herbs. If you believe chatting with guildmates and friends is worth roughly 100g/hr to you, then both choices are equally profitable. If you don't chat with guildmates or friends (or do anything else) while farming, then you're not doing what's best for your gold/hour. Not concerned with gold/hour? Then why are you farming?
For instance, you buy the mats for an infernal ruby for 125g.. you can never sell it below that price because you will take a loss. You might end up with that item going to your mailbox 10 times.. or it might sit in your backpack for a month. If I farm the mats, then selling it for 124g is fine for me.. I can undercut anyone.. I have my money and am long gone.
This is why smart crafters limit the number of items they craft. If I can expect to sell five Power Torrent scrolls per day, I'm not going to buy the materials for and craft six. If I craft too many and materials cost drops, my profits are also going to drop. Knowledge of market trends is the key here, and if you don't want to bother to learn them, then I'm going to continue to profit from your ignorance. You sell yours sure, but it's me who bought it and flipped it for profit.
Beitrag von
MrSCH
What the hell has happened to my beautiful thread.
Beitrag von
Deadi
What the hell has happened to my beautiful thread.
It got much more entertaining.
Beitrag von
MrSCH
What the hell has happened to my beautiful thread.
It got much more entertaining.
Recycle bin >>>>> ;)
Beitrag von
TheReal
Hey, sometimes imparting knowledge isn't easy.
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