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	<title>Phase 3: Profit ! &#187; Alts</title>
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	<description>from World of Warcraft Auction Hall</description>
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		<title>Advice &#8211; They need it yet they don&#8217;t want</title>
		<link>http://Phase3Profit.net/2009/09/advice-they-need-it-yet-they-dont-want/</link>
		<comments>http://Phase3Profit.net/2009/09/advice-they-need-it-yet-they-dont-want/#comments</comments>
		<pubDate>Mon, 07 Sep 2009 06:00:07 +0000</pubDate>
		<dc:creator>Zekta Chan</dc:creator>
				<category><![CDATA[Wow Econ Research Project]]></category>
		<category><![CDATA[Alts]]></category>
		<category><![CDATA[MnS]]></category>
		<category><![CDATA[PUGs]]></category>
		<category><![CDATA[Thoughts]]></category>

		<guid isPermaLink="false">http://Phase3Profit.net/?p=1545</guid>
		<description><![CDATA[<p>Yesterday, when I finished my auctions posting, I saw a 62lv DK spamming /trade &#8220;Free Boost in the Stockade&#8221;</p>
<p>I could use some _Free_ leveling for my banker for travel from (Druid)</p>
<p>I joined the party, and most of them recognize my bank alts name from the AH (Fame may not be a good thing for us though).</p>
<p>The catch about the boost thing is that the DK want to collect wool and silk for leveling tailoring.<br />
So she decided to do it herself, and she even let us keep on the loot (Blueies and greenies).</p>
<p>I didn&#8217;t pick much, since the other alts are so eager to loot all the corpses, and I don&#8217;t really need that. (In goblin term, I don&#8217;t even want to do the clicking)</p>
<p>I tried to give her some advice (Since I would said it&#8217;s pretty time consuming on farming wools there)</p>
<ol>
<li>She should consider buying cloth on AH, instead of farming that herself. (Consider 2-3 stacks of wool, per run of stockack, and it&#8217;s sold 1-2G per stack?)<br />
- She refused, I suspect she had no idea of what&#8217;s opportunity cost</li>
<li>Boost people for payment and buy those cloth is</li></ol><p>&#8230;</p>]]></description>
			<content:encoded><![CDATA[<p>Yesterday, when I finished my auctions posting, I saw a 62lv DK spamming /trade &#8220;Free Boost in the Stockade&#8221;</p>
<p>I could use some _Free_ leveling for my banker for travel from (Druid)</p>
<p>I joined the party, and most of them recognize my bank alts name from the AH (Fame may not be a good thing for us though).</p>
<p>The catch about the boost thing is that the DK want to collect wool and silk for leveling tailoring.<br />
So she decided to do it herself, and she even let us keep on the loot (Blueies and greenies).</p>
<p>I didn&#8217;t pick much, since the other alts are so eager to loot all the corpses, and I don&#8217;t really need that. (In goblin term, I don&#8217;t even want to do the clicking)</p>
<p>I tried to give her some advice (Since I would said it&#8217;s pretty time consuming on farming wools there)</p>
<ol>
<li>She should consider buying cloth on AH, instead of farming that herself. (Consider 2-3 stacks of wool, per run of stockack, and it&#8217;s sold 1-2G per stack?)<br />
- She refused, I suspect she had no idea of what&#8217;s opportunity cost</li>
<li>Boost people for payment and buy those cloth is much more effective (If she&#8217;s not willing to pay for cloth)<br />
- She refused too, for a social reason &#8220;people boost me before, so I shouldn&#8217;t charge others for it&#8221;</li>
<li>The price on AH is on 4-5g due to shortage on weekend, so I told her if she ever consider to buy them, she better do it on weekday</li>
<li>She believe the cloth should be sold at 50% price (50s) on what show on my auctioneer average, and said anyone selling higher than that is a evil trader (Bxxxtard etc). I doubt that anyone will sell her except morons.</li>
</ol>
<p>I was thinking to sell her on 1g (100% market price), for some stock remaining in my mail box, (I would lost 200% if I put that on the market, since they&#8217;re 300%+ now).<br />
But I didn&#8217;t even suggest that (Since she won&#8217;t accept that price anyway).</p>
<p>Finally I offered some tips on where to farm for mageweave. (If you really had to farm, at least find somewhere worth your time)</p>
<p>I can foresee she&#8217;ll be farming the instance for hours to get her tailoring up.<br />
While telling her to stop boosting others is against my own interest (Since I can be boosted too), but&#8230;.</p>
<p>There is not much I could do,<br />
if she just didn’t listen to advice.<br />
But at least she is happy about this (may be).</p>
<blockquote>
<p>Sometimes, the reason for people remain poor is themselves.<br />
-Zekta
</p></blockquote>
]]></content:encoded>
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		<item>
		<title>Why Having Alts increase Gold/Hour</title>
		<link>http://Phase3Profit.net/2009/08/why-having-alts-increase-goldhour/</link>
		<comments>http://Phase3Profit.net/2009/08/why-having-alts-increase-goldhour/#comments</comments>
		<pubDate>Mon, 17 Aug 2009 08:00:58 +0000</pubDate>
		<dc:creator>Zekta Chan</dc:creator>
				<category><![CDATA[Wow Econ Research Project]]></category>
		<category><![CDATA[Alts]]></category>
		<category><![CDATA[Pearls of Traders]]></category>

		<guid isPermaLink="false">http://Phase3Profit.net/?p=1465</guid>
		<description><![CDATA[<p>Why Having Alts increase Gold/Hour</p>
<p>In respond to <a href="http://greedygoblin.blogspot.com/2009/08/synergy.html">Gevlon&#8217;s Post</a><br />
No, I am not against his point.</p>
<p>But Rather I want to point out why people think (Or may be indeed there are) there is a synergy</p>
<ol>
<li>Time reduced on listing and buying (Gevlon&#8217;s point)</li>
<li>Reduced some factor on price fluctuation (Since you had more way to get what good you want, e.g. Infinity Dust for Bags, can be from Gears (Disenchant) / Eternal Earth (JC/Disenchant) rather than LFCrafter)</li>
<li><strong>More Profession, really means more Gold/Hour!</strong> (Thus the Reason for this post)</li>
</ol>
<h3>Why More Gold/Hour</h3>
<p>Said giving a profitable profession A, (Same apply to dailies as well)<br />
There are Three Operation to earn gold<br />
A1, yields A1g/hour<br />
A2, yields A2g/hour<br />
A3, yields A3g/hour<br />
for A1g&#62;A2g&#62;A3g, a rational person will always pick A1 first&#8230;</p>
<p>the catch is, A1g will decrease if you keep doing Operation A1 &#8230;. (Making/Selling too much Netherweave bag, will result in returning bags, which increase the deposit cost and time needed)&#160; <a href="http://en.wikipedia.org/wiki/Diminishing_returns">Diminishing_returns</a></p>
<p>Gaining access to an additional profession grant him more choices, (Think of open up new daily quests for a player, with similar Gold/Hour Ratio to the existing&#8230;</p>]]></description>
			<content:encoded><![CDATA[<p>Why Having Alts increase Gold/Hour</p>
<p>In respond to <a href="http://greedygoblin.blogspot.com/2009/08/synergy.html">Gevlon&#8217;s Post</a><br />
No, I am not against his point.</p>
<p>But Rather I want to point out why people think (Or may be indeed there are) there is a synergy</p>
<ol>
<li>Time reduced on listing and buying (Gevlon&#8217;s point)</li>
<li>Reduced some factor on price fluctuation (Since you had more way to get what good you want, e.g. Infinity Dust for Bags, can be from Gears (Disenchant) / Eternal Earth (JC/Disenchant) rather than LFCrafter)</li>
<li><strong>More Profession, really means more Gold/Hour!</strong> (Thus the Reason for this post)</li>
</ol>
<h3>Why More Gold/Hour</h3>
<p>Said giving a profitable profession A, (Same apply to dailies as well)<br />
There are Three Operation to earn gold<br />
A1, yields A1g/hour<br />
A2, yields A2g/hour<br />
A3, yields A3g/hour<br />
for A1g&gt;A2g&gt;A3g, a rational person will always pick A1 first&#8230;</p>
<p>the catch is, A1g will decrease if you keep doing Operation A1 &#8230;. (Making/Selling too much Netherweave bag, will result in returning bags, which increase the deposit cost and time needed)&nbsp; <a href="http://en.wikipedia.org/wiki/Diminishing_returns">Diminishing_returns</a></p>
<p>Gaining access to an additional profession grant him more choices, (Think of open up new daily quests for a player, with similar Gold/Hour Ratio to the existing ones&#8230;)<br />
Say Profession B, with A1&gt;B1&gt;A2&gt;B2&gt;A3&gt;B3</p>
<p>With a player can only do 3 Operation,<br />
Player with only A will do (A1,A2,A3)<br />
Player with both will do (A1,B1,A2)<br />
Which always had a higher Gold/Hour&nbsp; (B1 &gt; A3) by definition</p>
<h4>Exceptions</h4>
<p>1. One operation already use up all the time of the player&#8217;s play time. (e.g. for Casual Traders or glyph making (Which need very long AFK time))<br />
in that case, Since Player can only do one operation, picking one profession is enough<br />
2. There exist one or two Master profession with All A &gt; Bs</p>
<p>In which case, having another profession gives you no benefits at all&#8230;</p>
<h4>However, Don&#8217;t</h4>
<p>Don&#8217;t mistaken me of agreeing on leveling alts for profit<br />
Even with DK, that&#8217;s a large chunk of time to spend, The extra Gold/Hour just couldn&#8217;t justify it.</p>
]]></content:encoded>
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