Phase 3: Profit !

I normally don’t do
“Sorry I missed a day’s post”, “Oh my cat deleted my blog post” post.

Since I found that uninteresting and you’ll probably not came here for that. So instead I’ll post a teaser here. (Along with excuses)

As requested by Dan and Sarmation, I am working on the Gold-Raid / Gold Pug Topic now… (Although kinda slow)

Step by Step of a Gold pug, to economic impact and comparisons to other loot distribution.

(Excuses But I am still working on RL stuff, my raiding schedule and blog caring.
I will get them coming… once I got spare time

Top 5 reasons which stop people from rich in wow, and make goblin (us) rich.

With trading,
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)

Excuses

“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 know the picture is scary to some of us, but this is not the only way.

“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.

Conclusion

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.

Spaces are not created equal
Some space is more useful than others.
No, I am not talking about profession bags. That would be too trivial (It’s still trivial for some trader though).
When it comes to trading there are different types of space.

1. Backpack
Backpack space is most useful, since all your traffic from AH is on your bags, All the mail first go into your bags. Here is a tip: Consider having different bag for switching
My Glyph and AH alts had both normal bags and glyph bags, in case I need to route my traffic to other alts. I can change an empty glyph back to a normal one, and switch back to glyph bags after.
2. Bank Space Slot
Bank space is second most valued, because of the ability of switching; you can switch a bag from your bag directly with one in the bank slot. This is the Dual spec of you backpack.
Use other means for long term storage, if you do this a lot. (E.g. My shaman main will also do some auction posting; I’ll switch her normal bag with the 3 scribe bag in the bank, and switch back after posting)
3. Mail box Space
The beauty of Mail box is that it’s near infinity. The Cons, only the top 50 mail can be retrieved (No random access beyond that), and risk for out dated mail to be lost if you are not careful. It takes a long time to clear out the storage, and block your traffic as well.

4. Auction Hall Space
It’s a specialized storage, for low deposit cost goods, you can actually store your material on AH! One of my friends stores all his enchanting material stock on AH. He set an overpriced price of each component. If anyone request an enchant, he cancel those auction. And a plus, if anyone buy his overpriced material.

5. Guild Bank
The first 3 tab is much cheaper than an alts’ bank. Good for storage for a long term investment. As mentioned bank space is better for switching, from a trader, it easy to over stock goods. This should be your largest temporary and long term storage (Though Gevlon against long term storage, since the econ is always deflating. That would be another post)

I come to notice that Sarainy had two similar post about the very topic.

But since I already finished this one, and scheduled this, I am not going to trash this…
This post is more on trader’s perspective than storage. There will be another post about the different (if this is not too trivial)

Be sure to visit Sarainy for some complement information I missed.