New Site NOW LIVE!!

Ok the New blog is now live so everyone please update your Blogrolls to

http://www.xandersgoldmine.com/

EVERYTHING IS NOW FIXED AGAIN PLEASE VISIT ABOVE LINK FOR YOUR UP TO DATE GOLD MAKING NEEDS
Thanks
XanderEragon

Ps This blog will no longer be used thanks everyone lets make the move to the new site

Read more »

New Site NOW LIVE!!

Ok the New blog is now live so everyone please update your Blogrolls to

http://www.xandersgoldmine.com/


Thanks
XanderEragon

Ps This blog will no longer be used thanks everyone lets make the move to the new site

Read more »

Knowing Your Markets, and How To Post!!

      (In these two screenshots this is the same poster and they made about 5 pages of each item)

   In this post I want to discuss “How to Post Your Auctions.” First things first like always we want to run a scan of the auction house like we always do. How to do a scan is covered in an older post I made about Using Trade Goods For Profit!! Also be sure to check out the comment section where Kammler from Kammler's Korner made a few good points about scans. And also covering how to set up your “auto bid” and “auto buy.”

            After your scan your ready to post your items at this point most players have Auctioneer or Auctionator if you’re unfamiliar on how to use them effectively check out Just My Two Copper: 22 Steps to Using Auctioneer Correctly. Very great how to guide also it gets you right into gold making from the start.

            Now lets move on to the meat and potatoes of this post. What I want to cover is not flooding your market you’re in. When I say, “flooding the market” what does that mean? Flooding the market is basically taking all your (lets use Iron Bar) Iron Bar and selling it in the auction house at one time. Better example lets say you have 200 Iron Bars and post all of them signally. Now lets take a look at how that will affect your market.

Now if you post all 200 Iron Bars in stacks of 1 you’re saying “I’m dumping my stock.” Which this is bad in few ways one you could have made a mistake and not known that and priced it for less than what you wanted. And then you get someone that flips the bars for profit and buys all your bars and resells and makes a profit off you. But that’s what we want to sell the item right? Yes and no. Yes we want to sell it, but no we don’t want to sell at a loss of profit, and have someone make a profit off of you. So the lesson here is make sure to double check your prices before you press post.

 

The other way selling 200 Iron Bars can affect your market is. Lets say someone comes behind you to sell there bars and sees you have 2 pages of Iron selling individually, so they follow your trend and dump all of theirs which they have 60 Bars. So not only did they undercut you 60 times they just dropped the price of the item. And then someone else does the same thing by posting all their items individually and drops the price and undercuts you. So do you see the pattern here that is taking place? We don’t want to sell all of our items at one time its Supply And Demand (another great post from JMTC). Basically you want to give the impression that there is not that much supplies so the players will buy at the price your making. Now I’m not saying buy everything out and post at outrageous prices because that won’t work you will just end up losing gold.

So when your posting there is nothing wrong with posting 5-7 single items, but then also post a few in stacks of 3 and stacks of 5 and 10. And pay attention what is selling if you notice the stacks of 5 selling faster than the other stacks. Then post more of the stacks of 5 and less of the others. You will find that you will make more gold this way and end up saving more in the end.

If you have any questions you would like me to post about a question you have feel free to email me at xandersgold@hotmail.com. If you’re looking for a Coach you can also email me and I will send you information.

XanderEragon

Read more »

What Was My Defining Moment?

What Was My Defining Moment?

This post has been written for Cold's Blogging Carnival. MARCH 11th Topic: What Was Your Defining Moment?

            Well to answer this question I will have to put my “thinking cap” on. I will have to rewind back in my days in vanilla WoW. I first found World of Warcraft when I was playing another MMORpg when a few friends of mine said hey we found this new game you have to check it out. So I downloaded the free 10-day trial and was hooked from day one.

As I was leveling my Hunter that I still play and use today we reached the first goal in WoW. To get to level 40 and buy our first mount. Now it wasn’t only our first goal it was a first gold hurdle. When I first started playing I didn’t realize the mounts would be so expensive plus with the level 40-skill training there was it was very expensive and I didn’t have enough gold for both and for that matter didn’t have enough gold for just the mount and riding skill. So at this time I changed my professions to Skinning and Mining, which meant I had to start all over in the areas I already completed to get skill up to where I was now.

 I soon realized that this was going to take forever to do. So I stopped doing the skinning and mining. So I was at lose for what to do to make gold. I asked all my guild mates what they did to get gold. Most said farm this or that, which I didn’t understand at the time. Others said stand in Stormwind and beg. One said to pick up a gathering profession and a crafting profession to go with it.

            So that’s what I did I chose to do Blacksmithing and Mining not realizing that blacksmithing is one of the hardest skills to level up. I was excited off to level it I went and to be able to make my own mail armor and weapons. I thought I was going to take my server by storm. Then one day I was in Stormwind and see players flooding in and out of this building.  I whispered a few players running in and out and ask what that was they were doing in there. They all said, “It’s the auction house of course!”

            My response was “THE AUCTION HOUSE…WHERE YOU CAN BUY AND SELL ITEMS?”  The player responds, “Yes silly, what else would you do there?” At this point it was like heavens opened up and a ray of light was shining down around the Auction house, with the song Hallelujah (fast tempo) was playing. This is the best news I heard my long road of being broke came to an end.

            So I ran inside and started looking I seen stuff on there that I was just selling to the vendors that were selling for more than what I was selling it to the vendor for. I was like you have got to be kidding me I could have made a tons of gold and have whatever I wanted. So I started selling everything I got from questing and just running around. After talking to a few more guild mates they suggested that I pick up skinning and mining again and sell my ore/bars and skins on the auction house.

            And I started selling and even buying items. I didn’t really get in the gold game to play wow to make gold till these past few months. I have quit WoW a few diffent times and have came back and tried diffent things to keep me interested and stay playing. This time my main focus is trying to see how much gold I can make. While still being able to enjoy the other aspects of the game and not have to worry about being able to afford items. I think this time around is a much better experience than the others I had. I think the gold game offers the players something different. Plus for the heardcore Auction house pvpers that make spreadsheets it helps them to think outside the box.

            So my answer is a little incomplete so let me clear it up. My defining moment was when I first started to play WoW and didn’t have gold for training and items I need to progress through the game faster and better. But I really got into the gold making hardcore these past few months. Which I have to say if it wasn’t for all these blogs out there I probaly be still broke and running around not doing much of anything. I even might have had to pimp myself out by dancing on the mailbox to make money… Hope I don’t have to go there….again!!!

If you have any questions you would like me to post about a question you have feel free to email me at xandersgold@hotmail.com. If you’re looking for a Coach you can also email me and I will send you information.

Read more »

The Booty Bay Account

     Well recently I was in Booty Bay in the southern tip of Stranglethorn Vale. I was looking at the vendors there and realized there are some very cheap items that sell for a nice chunk of change in the Auction Hall. There is a different assortment of goodies that you can grab, everything from  cooking recipes, blacksmithing patterns, and green weapons that can be resold via auction hall or even disenchanted and the enchanting mats sold. There are even a few companions that you can sell for a decent amount of gold. At the cooking vendor you can also pick up some mild spices and some simple flour and list them in the auction hall. If you look to the LEFT at the screenshots these are some of the items that you can buy. As a reminder make sure you click the next tab to check out all the items.

Read more »

Posted in: Gold,Gold Making Tips,Help Making Gold,How to Make Gold,Mage Gold Tips,Making Gold in Wow,Paladin Gold Tips,Secret to Making Gold,World of Warcraft,WoW

Using Trade Goods For Profit!!

Here is a different way to make gold especially if you don’t have very much to start out with. This method also works well even if you have a ton of gold.

So the first thing we need to do is run to there nearest Auction House. If your using auctioneer or auctionatior please run a get all scan before moving on. To do a get all scan click on the scan button on the bottom of your Auction house window. Then you going to click on trade goods, and then search.

Read more »

Posted in: Gold,Gold Making Tips,Help Making Gold,How to Make Gold,Hunter Gold Tips,Mage Gold Tips,Making Gold in Wow,Paladin Gold Tips,Secret to Making Gold,Warrior Gold Tips,World of Warcraft,WoW

Specialize or Diversify? Control one market or dip your toes into several?

This is my post for JMTC March blogging carnival.

The Question Specialize or Diversify? Control one market or dip your toes into several?

   Answer: Well there are many answers to this question if you could choose to do one or the other or even  both. There is really no right answer its what you want to do. Lets take a look at all three possibilities and then at the end I will give you my opinion.

    First we have specialize this is a very unique way to play the auction hall. Lets pick a example lets use Bold Inferno Ruby. So lets say I control that market and I buy out all the Inferno Ruby's posted and relist so that I'm the only one posting and selling in that market. This can be very time consuming and you could also lose alot of your precious gold you earn this way. For the sake of this post we will go with what my server is selling the Bold Inferno Ruby at. Currently they are selling at 109g a piece. So lets say you are selling yours at 109g each and lets say Joe Bagodoughnuts undercuts you and posts his for 105g  each and puts up 5 and undercuts the 5 you already had up. You have 2 options to do here you can either cancel all 5 of your auctions and repost and undercut his for 100g each or you can buy his out and repost. So lets say you choose to  buy his out because you don't want him in your market so he posted 5 at 103g each so you just spent 515g to keep him out of your market. But he doesn't realize that you bought him out because you don't want him in your market. So he sees all 5 of his rubies sold and quickly reposts 5 more at the same price of 103g. Now again you buy him out which is another 515g which is a total of 1030g your out and your still waiting for your 5 you already had posted to sell. In this instance this can be a never ending cycle of him posting and you buying his or doing a undercutting match to where you lose profit. But we have to also think if you want to truely control the market you will want to also buy up all the uncut Inferno Rubies which are very expensive as well. Which this method  also works very well if you have limited time to play or your more worried about just paying to repair bills from raiding and buying pots and food buffs for the next raid. But there are also some advantages to this strategy because you will know the price of this market and when someone is selling in trade chat for cheap you can take advantage of this. With this as well you will see your gold steadily climb but it is also hard to save gold in the above example. Now lets take a look at Diversifing.

   Second Diversifing there are many many advantages to this method of playing the auction house. First and foremost there is unlimited amount of gold you can make with this method. You can take advantage of all markets and even all profession. Lets take a look at the above example the Bold Inferno Ruby. So you have been posting your rubies and been selling them pretty quickly lets say your posting 5 and only getting 1-2 back each time you post. So you go to post a few more only this time you see there are 10 more more than usual and the price dropped tremendously to the lowest you have ever seen it. Lets say there are 6 posted for 75g and 4 post for 50g each and you don't want to take a loss in profits. So you have chosen not to post these right now but you still want to make gold. With being in serveral markets you can choose to put them in the bank for a day or two and let the price go back to where it is. Your not really making any money because your also into 10 or 12 more markets and have a steady income coming in. So what happens is the Bold Inferno Ruby market has crashed and your not even sweating it because you can sit on them and still make gold where as if you were just specialized in that market you would have no income for a few days till the prices went back up or be selling for a loss. Lets say you had a stash of uncut Infero Rubies and you have more cuts for the rubies you can cut something different and still make a profit. Another advantage is you will be able to buy almost any vanity item you want and still be able to pay your repair bills and buy pots and food buffs for raids and even help supply them to you fellow guildies. Now there is a downfall to this method as well in order to fully take advantage of this method you have to have serveral alts that are max level with both professions max level as well which can be very time consuming. And you won't just have to know one market you will have to know all the markets you are playing so your not losing gold and making mistakes. Now this leads us to my choice of which is better.

   My chocie of which is better would be to Diversify because like I said above if one market im playing crashes I still have my other markets to play and make gold and pay the bills. Again there is no right answer to this question just the play style that you want.

XanderEragon

Read more »

Posted in: Gold,Gold Making Tips,Help Making Gold,How to Make Gold,Hunter Gold Tips,Mage Gold Tips,Making Gold in Wow,Paladin Gold Tips,Secret to Making Gold,Warrior Gold Tips,World of Warcraft,WoW