Top 5 reasons which stop people from rich in wow, and make goblin (us) rich.
Anyone in azeroth can be in a farm-free state
Anyone in azeroth no longer need to grind for consumable, repair bill, enchanting and gemming
Anyone in azeroth can be on baby mammoth (Not recommended however)
“I don’t need gold” -
you need, let’s face it. Even you are not into vanity like Me/Gevlon/Seth. You still need to pay your repair bill / consumption/ gear enchants etc. Unless you stop raiding and pvping altogether, you need money. And there are different way to gather the money you need. Why don’t take your time and find a good way for it? (And proven profitable e.g. crafting)
“I don’t have time for this” -
Trading didn’t mean AH-camping, which some of our fellow trader trade in that style, but it’s not necessary. You can still be rich without camping. Yes, you may earn less compared to those camper. (Here’s why). But so are working, you work less, you gain less. I would said the loss is acceptable, Trading still give you much higher gold/hour then other form of grinding.
Take my glyph industry as example, I post twice a day, which takes me 1 hour, which reward around 1-2k gold per day, While the mail getting and posting part is mostly afk.
“It’s too complicate for me” -
if you notice, this is the same line a M&S would said. “I can’t do 1800+ dps” , “I can’t get out of the fire”, “I can’t interrupt/CC/[Insert any task here]“. No, trading is not hard, compare the time you need to grind to the same amount of gold. Some area in the trade is easy to learn, e.g. Cross Faction Pet Selling, Cooking Receipt Gathering.
“I am not that kinda evil trader, who prey on poor and clueless people” -
These group of people, In Gevlon’s word, Social. Trading is not evil, in terms of economic, a efficient trade will give everyone better off. Econ 101: Alisa want an glyph/[whatever goods], she is willing to pay 20g, Bob want to sell a glyph, he’s willing part with it at 5g. When the transaction happen, we had a 10g net gain. The bargaining only occur between 5-20g range, otherwise, the trade will never occur. The so-called evil-trader can and will do his twit and twist on pushing the price near 20g, but can never exceed it, the trade will always be efficient, as long as the trade is voluntary.
“I may lost money” -
This is the greatest resistance for anyone to get into trading.
Translated in Social’s word, “losing make me feel stupid, and that should be avoid at all cost. Grinding, Farming, Doing Daily is risk-free, I rather spend my time there”.
Everything induce risk, and the price for “risk-free” is so high that you don’t even had to think twice on that. And, the risk factor usually is over estimated by ignorance. Trading is not about luck.
For 100% risk free investment, everybody will be drawn into it, and thus the profit will be lowered. Simple Demand Supply rules.
However, since most of the people drawn to those risk-free option, which left the risk bearing opportunity much more profitable. Identify those risk, and when odds are good, strike. That’s what it takes for a trader.
Did you hear these word from your guild mate? Or did you hear this from your heart?
It’s okay, everyone prefer a comfortable place and afraid of change, but given embracing this can change the very game play of yours (farm-free state, anyone?)
At least give it a try.
Tags: Tags: Farming, Profits, Thoughts, Wow Econ Research Project
| posted in Wow Econ Research Project