Comments on: Ten questions to ask yourself, on a pile of gold.

By: reality kings

reality kings — Tue, 03 Nov 2009 12:43:39 +0000

Amazing article, its true, im sure that you have really really true…

By: Zekta Chan

Zekta Chan — Mon, 17 Aug 2009 07:36:34 +0000

Thanks for your comments,
it’s always a pleasure to see fellow trader drop by
and learnt quite a lot from you guys comment…

By: Dan

Dan — Sun, 16 Aug 2009 00:37:56 +0000

1. How long did you spend on making gold every week? 10 hours a week, on average
2. How much you earn a week ? 5k+ alliance, 3k+ horde
3. Do you really need that much ? Horde yes, alliance not really.
4. Where are you going to spend your extras ? Alliance: Investments; Horde: Alts.
5. Is there anyway can increase the amount you can get ? I’m sure there is, but not without serious market research.
6. Is there anyway can decrease the time you need ? Probably can cut mailbox clearing sessions down to 2 a day.
7. Will the method you are currently gather gold be obsolete soon ? No. The items will change, the tactics not.
8. What’s the last time you get a new method for profiting ? Four months ago
9. Is it fun at all ? It is fun seeing Auditor show 4 digit gains on the session on two different markets.
10. Planning to share what you had learnt ? Most of what I know is freely available from other successful goblins.
What I’ve learned? Find a good solid market and stay with it, good days or bad. The market I found was purely by accident, the addons I use to support it have vastly improved over the years (significantly decreasing time spent processing the data and expanding my market) and it funded my very first epic flying mount BEFORE my first toon hit 70.
Oh and I found this post via WoW Economics. Excellent stuff here.

By: Zekta Chan

Zekta Chan — Thu, 06 Aug 2009 07:06:31 +0000

I am using the market watcher as well, and had too many item added at the moment…

What I really want is an enchanced beancounter thought…

Take care, mate ;(

By: Seth

Seth — Tue, 04 Aug 2009 13:03:17 +0000

on point 10:
use market watcher: ingame addon that tracks the price on any given time you want.
(its a real memory hog though)

By: Zekta Chan

Zekta Chan — Tue, 04 Aug 2009 06:47:40 +0000

The godl amount you made is very decent by comparison to the time you played… (I guess I still had much to learn)

I didn’t spend much of my gold either, since I hardly find anything worth spending…

The ninth and tenth point is really golden to me, I guess I’ll need to spend more time on anlysis the data I’ve got…
Thanks for that mate

By: Zekta Chan

Zekta Chan — Tue, 04 Aug 2009 06:43:11 +0000

I am Zekta and I am an altaholic as well.

I don’t gear them up for raid, so that’s why I am fine, I guess…

Full scan is not useful, unless there are heavy price war on going (and u had 5000 ally player, I guess there aren’t much)

Well, I was planning to write this post for our fellows and myself to stop and check our status. But surprisingly had some really interesting respond

I wasn’t making much by comparison
(May be cause I didn’t dominate the market and playing too safe…)

By: Hugmenot

Hugmenot — Mon, 03 Aug 2009 20:36:17 +0000

1. I spend 4-5 hours in the AH a week, and about 2 hours analyzing data.
2. I make 8-12k profit a week.
3. I spend about 350g a week so the answer should be obvious.
4. I don’t spend my extra gold. I had over 250k when WotLK was released and now I have … more.
5. Spending more time in the AH would net me more gold.
6. I could further automate some tasks, especially the analysis part.
7. The techinques I use were tested in several markets over the past 4 1/2 years. I doubt they will ever become obsolete but the items traded are likely to change every so often.
8. I used more or less the same techniques I have been using for 4 1/2 years; I simply apply them to different markets. So, the most recent technique I used for the first time was *a long time ago*, and the most recent market I enterred was a week ago.
9. Are my techniques fun to apply? Most gold-making techniques which apply to the AH require discipline and repetitions and mine are no different. I like making gold and analyzing new markets. My wife tried some of these techniques and was bored after 3 days. YMMV.
10. Specialize into a few narrow markets until you understand them well. Create a spreadsheet or database to track your costs if you plan to transform mats into goods you will sell into the AH. Try to enter a business agreement with suppliers if you will manufacture on a large scale. Ignore everyone who says you are destroying the market and could make more profit if you maintained the established price.

By: Seth

Seth — Mon, 03 Aug 2009 07:49:42 +0000

1. How long did you spend on making gold every week?
the last month not even an Hour a week, just enough to keep my 10K i have.
Right now going to start with 5-6h again
2. How much you earn a week ?
main banker had about 10K a week, trying to do the same with my new scheme i’m setting up
3. Do you really need that much ?
Probably yeah, I’m Seth and I am an altaholic
4. Where are you going to spend your extras ?
ALTS, Raiding, GF, GUILD etc
5. Is there anyway can increase the amount you can get ?
I know some ways yupz, need to have confirmation though
6. Is there anyway can decrease the time you need ?
yes, I have to stop doing full scans…I’m addicted to them.
7. Will the method you are currently gather gold be obsolete soon ?
Not really, gems are always needed, so are armorkits.
8. What’s the last time you get a new method for profiting ?
2days ago when Ari’s jc went to 425ish
9. Is it fun at all ?
It wasn’t, now it is again
10. Planning to share what you had learnt ?
Already doing so, my GF,is up to 8K gold right now (which is much since she doesnt have a char higher then 50.) and Teaching some Guildies (Zéntrix is going to be my first real apprentice beside my gf though)