Entries in cha-ching (1)
Sell, Sell, SELL!
I have been on a bit of a financial kick lately. Although all the advisors out there say someone my age (less than 35) shouldn't worry too much about their portfolio, it is hard to break a daily routine. This daily routine actually extends into my digital life as well, as I am constantly monitoring fluctuations in the Azerothian market as well.
Being a self-proclaimed financial analyst, I figured I could give you guys a few pointers on how to cash in before the launch of Wrath. You see, as with any content patch, let alone an expansion, many things will change. It is pretty safe to say that no item from The Burning Crusade will remain at its current level of value once Wrath launches in mid-November. Although this may sound like a doomsday statement, there is still plenty of money to be made in the market.
Run On The Banks
The first thing you guys should do is take a hard look at your banks on all of your characters. Grab one of my favorite UI addons to make things easier. BankItems will allow you to look at all inventory - bank, mailbox and bags - on any character. Now that you can browse things easily, grab any items that will be worthless in Wrath and get the money for them while you can. Things like Primals, some enchanting mats and potions will all be replaced by better versions once Wrath launches. Dump 'em like an abusive boyfriend.
Players should be able to pocket a sizable amount of gold by clearing out their banks of useless junk that they have been saving “for a rainy day.” Not only that, but your bank, and bags will be nice and tidy for the level grind to 80.
To The Market
Ore, leather, and cloth are a different story though. The market for these items will be different than the higher end gear, mainly because they are profession based. As mentioned in the comments section of my other economic post, things like low to mid-range cloth are actually selling at inflated prices. The reasoning behind this is due to many people leveling up alts for Wrath. Why stop and eat something when you can transmute some bandages and just keep on grinding?
This sets the old supply-and-demand graph on its head, with almost no supply but a high demand. Time is money friends and that jacks up the price on many trade profession goods. If you have time, go farm some of these mid-range items on your main, and reap the benefits.
While running on your bank is making you money, it's more about cashing in while the items are worth something. In the trade profession market, you could make a good amount of gold by resale alone. If you are going to give this a run, be sure to pick up the Auctioneer Addon suite. It is a must have for any Auction House monitor, recording, scanning and adding functionality to the standard AH layout.
I should mention that each realm is different. What is selling like hotcakes for me may not be worth looting on yours. As an example, the ore market on Magetheridon-A has bottomed out recently, with high-end ore being at its lowest point since I reformatted some time ago. In contrast to that, mid-range ore, like Thorium, is through the roof. The evidence – that the bars are selling for much less than the ore – points to miners just buying it to smelt for skill points.
Be Careful - It Isn't Fool Proof
Be careful and do your research before you dump your stuff. Selling on the weekend and buying on weekdays (or bidding right before the servers go down) are also handy tricks to pulling in extra cash. Everything counts but it is still a risky market out there. Use my tips at your own risk but please, treat your financial advisor right. The last time I gave our readers some tips I couldn't use the ideas myself for a few weeks. I have no problem with players on my server making a buck, but send me (Solidsamm of the Alliance) 5% of the profit! Kthxbye.