Phase 3: Profit !

Thoughts and Blogs

Another week

Blogosphere

One-Copper.com

Seth got a new site Good for him, I really like the theme and layout, and I expect with higher degree of freedom on the site, we’ll had more interesting thing going on there…
And the podcast, now that’s one is great, Although he did a little nervous on his first one, I guess tonight’s one will be great, Keep it on, Seth!

That’s remind me the time I get my own domain name. Someone told me that, I am so lucky that I can get a domain with my own name. It’s kinda reverse, I get people call me Zekta, after I got Zekta.com . A shorthand for my original 8-letter long net-name. My parent and friend call my Chinese name (and other nick name) anyway.
Uniqueness is what I am looking for when I am creating this name. So that Google will rank me higher for anyone who look for me (If anyone ever wanted to).

JMTC IRC

JMTC IRC, what’s more exciting than that… I feel so noob after I listen to the chat with some giant in JMTC forum.

A slip of thought pass thru my mind that I wonder if I should keep blogging. Nan, They really should start blogging, but until then, I am safe . (finger crossed) But then I’ll have great blog to read, That would be nice too, that’s okay…

My Business

Aka Time to Cut loss

The Arctic Fur and Titan Changes interrupted my purchase plan. Now, I got 3 set of Arctic Fur and some Titan Steel to unload. Should able to get them out before the 3.3 patch.

I get my hand on two epic BOE dropped in Ulduar, and I got no use of it. I noticed that the price drop when the new raid CD refresh (New supply I guess) I’ll keep that until Sat-Sun….

I really got not much to said about business and gold making lately. (Got tons of ideas from IRC chat though…)

My Raid

aka Gold Pugs are Loverly!

I Bought 2×245 upgrade from 25 ToC Normal. For 1k each. The Trinket and Main Hand sold for 6k each, I should get my hand on that next time. But since it’s my first bidding, I should test the water before jumping in. A side note, The [Trophy of the Crusade] Sold for 4k each.

At the end of the pug, each person got 2.2k. Which my net payment is 200g (it’s more like wage than profit, since I worked for it) With gemming and enchant, it’s even. (I am not using epic gem, since it’s 100% price, but only get 10-20% increase in stats)

I would said it’s even better than a “roll pug”. Chances of getting upgrade much lower (and Much inefficient), since rival-role player will roll on a minor upgrade, since it cost them nothing.

Note-to-self: I should talk more about gold-pug later on.
That’s a “short” update for this week
Happy Hallow End

Thoughts and Blogs

Naming

Okay, I know,
This was called Sunday report…
then I slipped Sunday and make it into Weekly report…
And now we don’t even have a report weekly…

Should we just call it “Report”, “Report when I feel like it” or something else ?

The 100th Post

And yay, This is the 100th post… It takes about 6 months time to acculmulate this amount of post. Now, let’s look around, From a handful sites of wowecon, now flourish into near one to two dozens of them. And we even got a forum on gold making on JMTC.

For me, I gained around 200k (Spending included, while balance is around 100k now), from basic vendor trash, buy low sell normal, to a on going profit glyph industry.
I still not comforatble on investment yet. But I did started to learning(50k on preparation of 3.3 patch). And I am also back into raiding again

(This is not much compare to Gevlon and Markco, The first spike is Markco’s mention of the site back in April.)

Like KevMar, I would like to thanks Gevlon, Markco, Jederus, Seth and others blogger who bring traffic to me . Which fuel my ego on conintue writing.

Also I would like to thank Larisa and other commenter for helping me kick start the site.
And, most importantly, My Girl Friend supporting me

Blogosphere

Seth got his first podcast. Gratz Seth..

Sarainy got her site on, featuring the Ultimate-SpreadSheet

Cameron Smith got a Wow Econ RSS WoW Economic Review

Here, I know I missed out some new blog out there… (And I had a memory-leaking problem)
let me know so that I can add to my blog list.

My Business

3.3 Preparation is on, I asked my trader-buddy to LFB in trade channel to me.
couple sets of titansteel bar, shrouds etc…
Planning to spend 50k on this investment.

Glyph selling is kinda boring, so I wouldn’t say much about it. I started to sell the new Scroll as well. Also selling Nether weave Bags. I am too lazy to level my enchanting alt, May be when I had more spare time, I would spend that Gold

My Raid

Naxx – Skipped
EoE – Done
Ulduar – Entered
10 man Normal ToC – Done (Carried)
Ulduar Hard Mode – Being Invited, but refused, since I am not prepared for that yet. (And timing)
25 man Normal ToC (Gold Raid) – Same reason as above. Gotta stay with girlfriend this Friday

10 man Onyxia – Tonight!, We canceled Yesterday, since half of the raid got DCed.

I am also on Daily Heroic (Too easy), and 5-Man ToC (Considering stop running this now)
2 Trinket Slot Left till The EPIC Achievement…

P.s: I know it’s kinda short post, I had delayed some post so that this would be the 100th…
P.s 2: I am still looking for Guest Post

This would be yet another boring post

Thoughts

A little wrap up

it’s the start of a new month, I guess I would have some review on the state of blog
It had been around 5 months (153 days) from the time I started this project.

We had 3.1 and 3.2 patch through the time. I gathered gold from 4k to 60k now, with my own guild bank and a steady income of 1-2k per day (compare to 100-200g/day on AH flipping when I started)

Had been learning a lot from blogging and the blogosphere.

Once you start thinking like a trader, many thing changes, e.g. opportunity cost, human behaviors etc etc, all have an interesting interpretation… I am having fun on discovering piece of gem by reasoning that.

Met lots of people, Seth, Larisa, Gevlon, Markco and all the fellows on JMTC forum…
I even started to listen to podcast every week, The Instance and Twisted Nether

And yes, I still found gevlon’s idea fascinating.
(Are we that sure he’s a single person?)

Will continue and find some interesting piece to share Stay tuned.

Business

Oops, nothing new here, except I am on 70kg now. And My shaman Alts is still stuck on Outland…

Blog

Recent Posts

I shared a little tips on my inscription setup and a little DK I came across in Stormwind…

LF Co-Author

I had a lot of plan, and not much of them worked. I was planning to write a session on the geology of Wow, Talk about Econ-book I read about, and introduce blogger I appreciated.  May be I am just too lazy or hard to stick to a fixed scheme for things.

I still looking for co-author on the Food-Chain topic or the site, so if anyone is interested, please contact me. (Oops, I didn’t say that I want a co-author before?)

(I guess I’ll need another indivial post for the invitation?)

Thoughts and Blogs

Seems that I am facing a writer block recently (again), I hesitate to said much about my business in regular post, since there are nothing much to said.

The trading and setup tutorial are abundant and in good shape, and I don’t want to add yet another tutorial our there… Guess I should finish those draft I had now….

Blizzard Con

This worth its own session this week…
I am upset by the fact Goblins are on horde…
Arrgh, I want my Goblin banker Especially for the bank racial and discounts…
Anyway, got to live with it /. . with my Worgen banker (Sprint for AH to bank, Yoy)

Blogosphere

A new wowecon site by Basis had been born.
Story of his rags to rich, he’s quite thoughtful on many subject, Another RSS feed for my daily blog read. Good work there…

My Business

With the introduction of the QA2 into my system, Profit Sky rocketed. Instead of listing all auction out at one time, I can easily post them and in a much more efficient way.

For the record, I had made 5k solely on Glyph selling, and reach my 50k milestone.
(I kept running out of ink of the sea though…. and had even more time on playing with that setup)

Thoughts and Blogs

I found that I didn’t quite stick to the Sunday Schedule now, so I’ll just call it Weekly report now.
Didn’t had much time to blog and play, since work issue… (Project Deadline is close again )

I warped up some old draft (And silly post ) that I drafted long before…
I’ll find time for more updates, expect 1-2 updates per week though…

Everyone is exicted in 3.2 now (Taiwan didn’t get that up yet though…) and JM2C forum is storming with news. For my fellow trader, I urge you to look into that if you didn’t already…

Will be staying with Jessica for my ink all night in the coming Thursday I guess….

Blogosphere

As any other blogger, we continue to read, even if our own lawn is weeding. Suprisingly there are still new wow-econ blog blooming…

Here is two blog that I had been reading, and think they’re kind of promising… (Will add to my blog roll soon)

http://wowbanker.blogspot.com – KevMar
KevMar started his blogging on his AH Trading back from June. I love his Auction House Automation series. I learned my BulkMail2 setting from his hint, quite helpful on multi-industry trader like myself. (I am on inscription and Tailoring right now)

http://thehappyscribe.blogspot.com - BelsebubBelsebub’s post focus on inscription, and more like a journal of his money making progress. We miss out most of those action once Skrooge had gone (Missing Skrooge )

My Business

As I said before, I had been into the Netherweave Bags business. Last Sunday, I had my factory fully running. I sold 150-200 bags just for the weekend. Material cost = 3g-3.5g Cloth + 40s Thread, Sold at 6-8g. yielding 2-4g per bags depends on competition.  Total 300 – 800g.

Sum up with my glyph selling business, I had made 3-4kg on this weekend. (While I am playing my Alts, at relogin to the bank alt in 2 hour interval). A personal record on non-investing business. (I didn’t do much investment on my tradings though…)

A Good news is that, my trading partner is back to the game, And we expect some action will be on soon. He’s into the Fishing, Cooking, JC business and AH flipping. While I slowly takes on massively production craft industrial (Bags and Glyph sold < 10g in my server, yet the volume generate decent income for me)

Regarding 3.2, I didn’t had any investment on Ore nor other hot goods though, Since I don’t have JC trained (yet).
However, I do stack up lots of ink of the sea (around 1000 vital now), and expect a great sales on the coming  Thursday.

It’s a short update on what I had done, Until Next time…

Zekta

Thoughts and Blogs

I don’t want to turn this into a rant post, but I guess some may interested why I didn’t update for 2 weeks.

I was having some Real life problem these weeks, and my girlfriend was out of town in the moment, so I am having a bad time on comforting myself. (Though I never able to express my gratitude enough to her)

Don’t want to have my negative energy spread thru the blog (I suspect my warlock alt is responsible for this), I decided to stop writing altogether.

I guess I’ll get some old draft polished and publish them right away.

Focus, must stay positive

Funny Thing of The Week (At least I found sth funny this week )

Diamond Ring and Its Box

The Guy who charge for the box of a diamond ring

I keep buying Herbs for milling, I mill all my Ink of the sea myself, and always reserving a 300-400 stock, in case I am busy.

So I would LFB in trade, whenever I am in city, and have people COD them to me. I paid them right away and forward the herbs to my bank alt (Of course I only mill them when leisure).

So, here comes this special farmer, the Herbs is sold on 10g per stack, and for every stack he mailed me, he charge an extra 30 copper for it.

Cute, isn’t him?

I mean, come on, it’s a freaking 0.03% (33333:1) ratio…

Or I can manifest this in a RL example.

At a Tiffany Retail

Shopkeeper : “Sir, here is the ring you purchased, The price is 33000 USD, and we charge an extra 1 dollar for the box holding it,
so it’s 33001 dollar in total, thank you.”

He (and the staff at Tiffany) had the right to charge for the mail cost (and the box), but is it really matters?
Consider the time he needed to type in the mail box for the 30 copper each time he sell, how much time he spent to earn 1g for charging the 30 copper? (Compare that to the time he needs to kill a random mob at ice-crown then)

What was he thinking?