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I think it may be impossible to make gold with Alchemy...
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Post by
Pens1566
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.
If someone is selling crafted items (that I usually list on the AH) below the mats cost, it's a no brainer to just buy them out, relist them and reset the market at a much higher level. Also, I spend NO TIME scanning the AH. There are ways to keep your AH db updated constantly without doing anything.
Keep thinking like that and we'll keep using players like you for cheap manual labor. :)
As for the OP, xmute master is the way to go. You can easily net a tidy profit just by doing the correct daily xmute. Either truegold or volatile air depending on server economy.
Post by
cefm
Selling items that people are buying at a good price is a nice side way to make money. But if all you are trying to do is make money aren't you kind of missing the point of it being a game? You can also rake in a ton of cash by playing the game itself - doing raids, quests, dungeons, dailies - all of which give you gold as well as actually progressing you in the game.
Also, a lot of people talking past each other about "opportunity cost" because half of them are talking about the wasted time in the real world and the others are talking about the wasted time in the game world - two different things. If you are only making X profit off a crafted item, and doing a 5-man dungeon or 10 daily quests gives you X+Y gold, then if the time it takes to farm items is equal to or greater than the time it takes to do the dungeon or daily then it's a lost opportunity. Plus the 5-man or daily gives you other benefits like gear, rep, etc.
Post by
Interest
To be honest I'm making a serious killing off of my surplus Truegold atm. The profit margin is over 200+ gold easily each and they sell like hotcakes.
Post by
1027976
This post was from a user who has deleted their account.
Post by
1029323
This post was from a user who has deleted their account.
Post by
clippingalldots
It's proven science that they are physically incapable of having fun, or ever actually enjoying life. So while I pity them and kind of feel bad, I'm sure their false pleasure derived from a number with a couple extra zeroes tagged on the end of it will suffice their awful, elitist-prick attitude.
People play PvP because they find fun fighting against other players, raid for the sake of achievements, loot and/or mounts, RP because is different, quest to understand lore... or play the AH.
Stating that "sitting, sullen and smelly, silently pulling one gold coin after another out of the dusty mailbox" is not fun is not up to you, is up to us, since fun is subjective.
For me, farming the AH is a lot more fun then doin the horribly tedious "be out exploring and finding new herbs, checking out villages, and looting monsters without knowing the loot table".
Don't get all butt hurt because someone else enjoys the game from a diferent perspective then yours.
Post by
clippingalldots
And I totally forgot to reply to the OP.
As I am on the same server and faction as you are, I'm gonna use an example with real prices from the AH as of 10 minutes ago.
A stack of Elementium Ore cost ~30g.
Per stack, you have 18% chance of a green gem and 4.5% chance of a blue gem. That translate to roughly 29g per green gem and 32g per rare gem.
Brilliant, Bold and Delicate Inferno Ruby are 140g, 125g, 112g respectively. You are having a minimum profit of 80g per red gem.
Of course, you won't get only red gem while prospecting, you will get useless Dream Emeralds and Zephyrites that you won't be able to do anything with apart from vendoring them.
However the rest of the gems can all be used to craft rings and necks, DEed, turned into scrolls and sold.
For a single stack, the profit might seem low but convert that to hundreds of stacks and you profit increases as well.
Regarding time vs gold, I am currently able to process 200 stacks of ore in just a little over an hour with proper use of macros and addons.
So is not as hard as it sounds and a lot more profitable then gathering ore and herbs for one hour.
Post by
Pens1566
Selling items that people are buying at a good price is a nice side way to make money. But if
all you are trying to do is make money
aren't you kind of missing the point of it being a game? You can also rake in a ton of cash by playing the game itself - doing raids, quests, dungeons, dailies - all of which give you gold as well as actually progressing you in the game.
Also, a lot of people talking past each other about "opportunity cost" because half of them are talking about the wasted time in the real world and the others are talking about the wasted time in the game world - two different things. If you are only making X profit off a crafted item, and doing a 5-man dungeon or 10 daily quests gives you X+Y gold, then if the time it takes to farm items is equal to or greater than the time it takes to do the dungeon or daily then it's a lost opportunity. Plus the 5-man or daily gives you other benefits like gear, rep, etc.
Who said anything like the bolded? I have 5 85s. 2 of those toons progression raided up through Wrath. I don't raid anymore, but all 5 are geared for DS if I wanted to. One as both a tank and dps.
You're also sadly mistaken if you think that questing/dungeons can get you the same gold/hr as simply posting on the AH. It's not even close. That point is moot however, since there is no mutual exclusion between the 2 activities. I post, then play. Check auctions in down time.
Post by
Pens1566
Selling items that people are buying at a good price is a nice side way to make money. But if all you are trying to do is make money aren't you kind of missing the point of it being a game? You can also rake in a ton of cash by playing the game itself - doing raids, quests, dungeons, dailies - all of which give you gold as well as actually progressing you in the game.
Also, a lot of people talking past each other about "opportunity cost" because half of them are talking about the wasted time in the real world and the others are talking about the wasted time in the game world - two different things. If you are only making X profit off a crafted item, and doing a 5-man dungeon or 10 daily quests gives you X+Y gold, then if the time it takes to farm items is equal to or greater than the time it takes to do the dungeon or daily then it's a lost opportunity. Plus the 5-man or daily gives you other benefits like gear, rep, etc.
Yep. Here we have the know-it-all businessman economist types -
"I HAVE TO MAKE MAXIMUM PROFIT PER NANOSECOND OTHERWISE I DON'T WIN
OH GOD TYPING THIS WASTED TIME THAT'S MY OPPORTUNITY COST FFFFUUUUUU
---"
.
It's proven science that they are physically incapable of having fun, or ever actually enjoying life. So while I pity them and kind of feel bad, I'm sure their false pleasure derived from a number with a couple extra zeroes tagged on the end of it will suffice their awful, elitist-prick attitude.
...plus I can take solace in the fact that while I'm out exploring and finding new herbs, checking out villages, and looting monsters without knowing the loot table for the sheer fun and excitement of the wonder of learning and exploring the unknown, they'll be sitting, sullen and smelly, silently pulling one gold coin after another out of the dusty mailbox, before going right back for more.
I'm exploring a brand new world, they're still sniffing an Auctioneer's jock strap. Works for me. :D
TL;DR - it's a game, kiddos. You
play
games, you don't
work
them.
This is the kind of player that has allows me to have 3 almost gold capped toons while I still do all of what he says I can't. Keep derping. And auctioneer, lol.
Post by
MrSCH
And I totally forgot to reply to the OP.
As I am on the same server and faction as you are, I'm gonna use an example with real prices from the AH as of 10 minutes ago.
A stack of Elementium Ore cost ~30g.
Per stack, you have 18% chance of a green gem and 4.5% chance of a blue gem. That translate to roughly 29g per green gem and 32g per rare gem.
Brilliant, Bold and Delicate Inferno Ruby are 140g, 125g, 112g respectively. You are having a minimum profit of 80g per red gem.
Of course, you won't get only red gem while prospecting, you will get useless Dream Emeralds and Zephyrites that you won't be able to do anything with apart from vendoring them.
However the rest of the gems can all be used to craft rings and necks, DEed, turned into scrolls and sold.
For a single stack, the profit might seem low but convert that to hundreds of stacks and you profit increases as well.
Regarding time vs gold, I am currently able to process 200 stacks of ore in just a little over an hour with proper use of macros and addons.
So is not as hard as it sounds and a lot more profitable then gathering ore and herbs for one hour.
A good post, but I don't have a JC or any friends who do lol.
What's your toon on Aerie Peak?
Post by
ameelia
"Opportunity cost" means nothing if I herb for myself & price my stuff so low you
never
sell any of your your stuff that you made with overpriced mats purchased off AH. If you're on a server where mithril costs 4g a pop, it really makes no sense to buy it considering the ease of obtaining it on a high level toon. And I love it when people whisper me, "okay I give up, will you buy all my crafting mats off me at a huge discount?"
With the world in the state it's in, I'm surprised anyone takes notice of what "economists" think, they clearly don't live in the same world as sane humans, and have only so far demonstrated a repeated ability to royally screw everything up for the rest of us.
yours,
Ameelia "goldcapped on 3 chars" of Silvermoon.
Post by
JemiS
Even if you except the opportunity cost discussion, look at it this way:
If you sell an item for less then the materials would cost.... You would make more money just selling the materials.
Whether you gather them yourself or not, they still have a value. If that value is greater than the products you would sell after crafting, just sell the mats instead of spending the time crafting.
If mithril is 4g per, I'll farm up a bunch and sell it.
And then I'll buy out cheap mithri when I need it to level a profession or make something.
Post by
749876
This post was from a user who has deleted their account.
Post by
giantgrape
arcanite bars have been selling well on my realm, sold 3 stacks (60 bars) for 2k a stack. crazy.
Post by
1074914
This post was from a user who has deleted their account.
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