Wow Economy Weekly Wrap-Up - 113th Edition - Resetting Markets & Big Goblin Milestones

geposted 23.02.2020 um 13:00 von perculia

SamadanTSMYouTubeTwitchhere on wowhead.comResetting Marketsu/Venterson asking why does a market collapse after a reset?
But the most confusing thing to me is that the price started to drop after a market reset. Why should the price collapse after a reset?

If all restaurants try to sell cheeseburgers for $100 each, people will stop buying them. Restaurants like selling food and will become frustrated with the lack of sales, so they will lower their prices to promote sales. When the cheeseburgers are at a price customers are comfortable paying, they'll start buying them again.

So why not price cheeseburgers at 1¢ each for maximum sales? Well, restaurants like making money. They want to price their items high enough for good profit and low enough for good sale rates. It's a balancing act heavily influenced by supply and demand. WoW is similar.

Despite temporary price spikes caused by profiteering goblins, the market tends to regulate itself as a result of long term profit motives.
theunderminejournal.comAccord of HasteCritical StrikeVeiled CrystalsUmbra ShardsGloom DustTidespray LinenLook at this list of new rings released in 8.3Why undercut by 24% by u/steelewebb09
Why do people feel the need to undercut my gems by 25% or more. They are selling like hot cakes and we were all making bank. Five of us were selling azsharine and sage agates for 1k each. Then someone just shows up and undercut for 750g with a total of 500 of each. That's cool I can deal with 750. Bam! Sells his 500 and then undercuts himself by 250 g now they are 500 ea. My question is why under cut by so much? I was averaging 700 gems a day. now I barely profit if I dont farm myself, cause osmenite is 100 g ea.

-The person who wants to dump a large amount of stock and be done with it. They're hoping some other goblin will just buy it all out. Or they made a ton of something while leveling the profession and just want to get rid of it.

-The "justice" person -- they believe the current prices are unfair to buyers and want to drop it to a more fair price.

-The person who farms their own mats and has the belief that they're making a profit no matter what, so they'll underprice for faster sales.

-The person who's trying to manipulate the market. They post an item at a much lower price so they can scoop up all the items posted at that price or lower. They'll either relist at the normal price or use it for crafting.

-The person who just has no idea what they're doing.
Big Goblin Milestones@JessiDee

-January 2016: I began my #GoldMaking journey
-March 2017: I reached over 5 million liquid gold
-August 2018-BFA Launch: I had ~38 million gold (~33 mil after buying my longboi)

Today I have just reached:
ONE HUNDRED MILLION GOLD!

What a journey it has been 😁🤑🥳#Warcraft pic.twitter.com/RlaOc9gkk9

— JessiDee (@JessiDee303) February 15, 2020
What's kept you going and having fun with it? What markets are you in that you didn't think you would have been initially?

What's kept me going - goals, milestones and the day to day excitement of opening a mailbox to see how my gold I've made.

What markets I never expected to be in - initially: all of them, I started with raw gold farms and vendor shuffles....
Once I learned TSM and really got started,TCG pets and expensive mount flipping, crafts with rare/hard to get recipes like Vial of the Sands and Felsteel Longblade all seemed out of reach. I also never expected to be on multiple servers making so much gold just from flipping.

Just wondering how many servers are you working on to get this much? :D Congrats! :D

8 - 1 main that I actually play on, the other 7 is just flipping

Got advice for people on high pop servers that would like to get the long boi before 9.0 if possible?

The best advice I can give is Diversity - have a good mix of high value and high demand items, keep an eye on what sells best for you and focus a little more on that. You can also supplement your sales with raw gold from raids, WQs and mission tables. Good luck :)

Congratulations!! That's an awesome mark! I plan on start my goldmaking journey soon, but to be honest I have no idea where to begin! Any tips?

1. Start with some Raw Gold from WQ's, mission tables and old raids (vendor everything)
2. Install and learn how to use TSM - There are a ton of great intro/basic guide videos on Youtube
3. Current content crafting and/or gathering.
4. As your gold balance grows you can branch out into Old World Crafts (transmog), Transmog farming, Flipping - there are so many ways to make gold - just settle into what works for you and you find fun. Good Luck :)

How did you do it? I'm stuck at 4.3 and I am way too chicken to spend over 50k on anything

While there is nothing wrong with the more cautious slow grind approach, you'll get there eventually but if you really wanna make big gold, you have to be willing to invest and take risks. That said, always make sure you're having fun. 4.3mil is nothing to sneeze at :)

Any tips that would help me get into it again? I wanna see results but I don't have much time like I used to. What's the best way to make gold these days. Ty!

If you already have a good amount of gold to start with, flipping is by far the most time efficient and can also be extremely profitable. Current content crafts are also really good but take a bit of time to setup (and then there's the scrapper).

Gathering is also very popular both among the hardcore and casual goldmakers. It really depends both on how much time you have AND what you enjoy doing and don't forget that youtube is a great resource for ideas. Good Luck :)

What addons do you continue to use?

The main one is of course - TSM
I also use Altoholic to track my gold across multiple servers.
Two others that are just for time saving / convenience that relate to some goldmaking activities are Easy Scrap and BuyEmAll

Updates to TUJ Profit Columnu/Lycam published a Chrome Extensiontheundeminejournal.com
It's a great website that is incredibly helpful however, I got tired of doing some quick calculations line-by-line to see if items were profitable or not. I took a few minutes and wrote up a chrome extension that I use to scrape the profession tabs and calculate a rough profit based on the current sale price and the material cost. @ErorusCompeting with Multiboxersu/NydasJust saw someone with no less than 10 clones flying around Nazatar herbing. Not sure exactly how many, because i couldnt count them all.

How can anyone realistically compete in the market against someone like that? He could crazy undercut and still walk away with more profit per hour than someone selling at market rate.covered the art of mutiboxing recently in blog 106It’s leads to buying in bulk from them on weekends, exploiting massive gains on raid days for a few clicks on the AH. Guys like these are a goldmine, utilize them.Most of the multiboxers just want to dump their s**t right after farming. I for example am able to buy zin'anthide from one multiboxer for 15% below the actual price at all time. This helps me enormous with my alchemy profits, but without I would still be able to make 15% profit by just relisting the bought goods.

So my advise is: try to contact the multiboxer and ask him if he wants to sell his goods outside of the AH.Easy TSM StringsTrenchyTSM Price String EditorIt’s kind of like an Excel formula bar, or a bare bones IDE that highlights and helps you write a price string. The editor in-game has always been kind of clunky, so this is my attempt at building something a little easier to use. You can write new strings, paste existing ones, and share them around by URL.

Some features:

Syntax highlighting: it highlights key variables and functions (like min) so it’s easier to understand at a glance what’s going on
Beautify: if you paste a string into the field, it will attempt to clean up spacing and stuff to make it even easier to read
Sharing: the string you typed is encoded and saved in the URL, so you can copy it to your clipboard and share it around all you like

I've got tons more ideas for it, and enhancements I'd like to make over time but I thought it was useful enough to share with the community now.Further Reading/r/woweconomyDiscord ServerTwitch@SamadanPlaysWoW

Kommentare

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Kommentar von MrKenzoGreat writeup, thank you very much.

Incredible feat, getting to 100m. I spend too much to ever get there and if I get too high up I stop making gold.

The TSM string editor seems very interesting.

There might be a mixup in the Bracer Shuffle reference.

disenchanting green tidespray bracers, scrapping the blues on a leatherworkerKommentar von SamadanPlaysWoWGreat writeup, thank you very much.

Incredible feat, getting to 100m. I spend too much to ever get there and if I get too high up I stop making gold.

The TSM string editor seems very interesting.

There might be a mixup in the Bracer Shuffle reference.

disenchanting green tidespray bracers, scrapping the blues on a leatherworkerKommentar von sniperorc100MM gold. Scary impressive.

Are there billionaire goblins yet? Seems like the logical conclusion. (Not sure if the UI would even support that, though.)Kommentar von darkelemental1100MM gold. Scary impressive.

Are there billionaire goblins yet? Seems like the logical conclusion. (Not sure if the UI would even support that, though.)Kommentar von XathianIt's amazing how you can make endless free gold on every other server in this game but you'll never make any serious profit on Proudmoore US. Seriously, go install that browser extension and check Proudmoore. Nearly every single profession craft has a negative profit margin (only profiting around 1000-2000g when you include material restricted Expulsom recipes). The example screenshot shows Rare Ring enchants profiting several thousand on that guys server, meanwhile over here it's 300-600g lost per enchant. No wonder Brontos are so god damn rare on this server. Would be hard not to have 5m gold when you're on a server where zero effort profession crafts can earn you nearly 0.1% of the mounts price per click of the craft button even after buying all the mats.Kommentar von carriebotThe example screenshot shows Rare Ring enchants profiting several thousand on that guys server, meanwhile over here it's 300-600g lost per enchant. No wonder Brontos are so god damn rare on this server. Would be hard not to have 5m gold when you're on a server where zero effort profession crafts can earn you nearly 0.1% of the mounts price per click of the craft button even after buying all the mats.Kommentar von Gwiez
-The person who farms their own mats and has the belief that they're making a profit no matter what, so they'll underprice for faster sales.

...

-The person who just has no idea what they're doing.

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Wow Economy Weekly Wrap-Up - 113th Edition - Resetting Markets & Big Goblin Milestones

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