World of Warcraft Auction House – 8 Power Tips For Making Lots of Gold


August 25, 2017 Facebook Twitter LinkedIn Google+ Online Auction


If you’ve played WoW at all you know you need loads of gold to get ahead. Whether its buying armor, leveling your professions, keeping stocked up with potions and elixirs or just buying a Mammoth mount, you want as much gold as you can get with as little work as possible.

The primary way most people start making WoW gold is through their professions (gathering or crafting) but that a completely separate topic. This article lays out some strategy for your “bank alt” – the character that never quests or fights but just runs between the Auction House (AH) and the mailbox.

This list is also unrelated to what version or patch you are playing. These are Auction House principles you can use to make gold in any market.

A couple of points to remember:

The current price on your server is different than my server, so, if you’re reading a web page that says the Signet of Edward the Odd is selling for 2000g, that doesn’t mean a thing to you unless that page is talking about your server. In other words, anything on the web telling you what an item is worth is wrong.
Any prices I give here are using numbers from my server and are for example only. If I make 20g every time I convert a stack of Borean Leather into pieces of Heavy Borean it because stacks are about 7g and pieces sell for about 9g. Your prices will be different but your percentage markups should be similar.
Many ideas will scale up or down well but some will not – you need to know your market. So the tip above for converting Borean leather may also work well for you using Knothide leather – but you need to check your AH to verify this.
Nothing works all the time. Markets (real world or in tWoW) have frequent variations in how one thing relates to another (any commodity traders out there?). When something stops working for you, try something else, but don’t forget to come back to the first thing after a while.

Ready to get started? Here we go…..

Tip 1: Get Auctioneer now!I’m not selling it, I didn’t write it and, if you can find another tool to do the same things then go ahead and use it, but the information you get is so important, I don’t know how I’d go back to playing without it. I use Curse Gaming to keep my addons current but you can also get it from the Auctioneer site.

Having market prices, AH fees, and price trends in my tool tips is soooo useful. Also Auctioneer will give you a better auction window with one-click bid/buy actions and a lot more.

Once you have Auctioneer running, get in the habit of running a full AH scan when ever you have a few free minutes. Over time, you will build up a database of your server’s prices and always have the current value of an item available to you.

Then look at the Auctioneer Tutorials. I know I don’t use 75% of the features but I couldn’t live without the things I do.

Tip 2: Live within your means – then be a big spender. If you’re playing the AH with only a little gold, then take smaller bites. Most of my examples here are for characters with at least a few hundred gold to play with but, no matter how little you have, the principles are the same. If you have 3gold on your character then making 30silver is pretty useful (that’s 10% of your bank!). Eventually you’ll have the 10s and 100s and 1000s of gold you need to play in the bigger markets.

Having said that, once you’ve made a nice chunk of gold, then get out of the kiddie pool and come swim with the big fish. I see players on my server who are selling stacks of Abyss Crystals (1500g) along with stacks of Light Leather (2g). I’m not against making money anywhere you can but its a waste of time managing a bunch of 1-2g deals when you are capable of making 2-300g deals all day long.

Tip 3: Turning This into That. There are some items that convert from X number of one thing into Y of another either by simply clicking on them (Essences) or through some profession (Leathers). Make your own list as you go. I’ll use Eternal Earth/Crystallized Earth as an example. 1 Eternal Earth = 10 Crystallized Earth. Now go to your AH and look at the prices of each. You would expect that if Eternal Earth sells for 10g, that Crystallized Earth would sell for 1g. That would make sense. However the AH is run by people and people don’t always make sense. So you might find that Eternals sell for 10g but Crystallized are selling for 60s. Souns like a good time to buy the Crystallized Earths, convert them and then put them back on the AH for maybe 9g. That’s a 3g (50%!) profit just for going to the mailbox and back.

Tip 4: Be a Thief. Or at least feel like one when you basically steal an item for a ridiculously low price. Two days ago someone listed two(2) Ace of Nobles for about 160g. I hit the Buy button so fast I almost broke my finger. I sold both of them for 950g each!

The reason I saw them and could jump on them was because I have a habit of scanning high ticket items and use Auctioneer to display percentages on all my screens.(That’s percentage of current market value) It even uses different colors when things are below a certain percentage of the expected price.

The reason I knew I could make a profit is that one of my specialties right now is the Level 80 cards and decks (Chaos, Nobles, Undeath and Prisms) [Be careful with the Darkmoon Cards – when a new set comes out the old ones tend to lose most of their value.]

Tip 5: Be a specialist. There are thousands of items on the World of Warcraft auction house – you can’t know them all. Pick some areas you can specialize in and know them very well, rather than trying to keep everything in your head. Pick a few areas where you can reasonable stay current on prices without resorting to having to keep a notebook with you – it’s still a game, don’t forget to have fun.

Currently, my Bank Alt (a level 60 Warrior I got bored playing) stays current on

* Titanium Shield Spikes and Weapon Chains

* Borean and Heavy Borean leather and Heavy Borean Armor Kits

* Eternal Belt Buckles

* Level 80 Epic weapons and armor

* Darkmoon Level 80 cards/decks

* Eternal/Crystallized Fire

* ..and whatever looks good at the moment

Not a huge list is it? But I know my markets like the back of myhand which means I can hit the AH, do a few searches and get out quick and play my pains.

Is this list right for you? Probably not. I made some of my choices based on the recent market AND my professions. Between my Bank Alt any my Main I have maxed out Skinning, Leatherworking, Blacksmithing and Enchanting, so the first 3 items in the list are things I use along with my professions.

I can promise one thing — whatever works today isn’t guaranteed to work in the future. Be flexible and do your research.

Tip 6: Fees ain’t Free. Just know that the AH charges a fee every time you list an item. It’s usually small but certain items are quite expensive. I remember trying to sell something for about 100g that I paid 70g for and I re-listed it at least 5 times at 5g per auction. Because I misunderstood the market at that time I eventually sold it for something like 65g and I turned a 5g loss into a 35g loss.

Pay attention.

Tip 7: Be a Hoarder, but not too much Eternal Belt Buckles fluctuate on my server between 20 and 45g. When they are low I buy every one I can, knowing that I’ll double my money when the market swings back the other way.

But you have to be careful. When WotLK came out, Titanium bars were selling for almost 40g each. I made a ton of gold for about a week. Then, as the server matured and more Blacksmiths got the pattern and more Miners went looking, the price plummeted to as low as 4g, though it now is roughly 10. I got stuck with a lot of over priced metal because I wasn’t paying attention. That’s another reason to specialize in just a few things – you’ll be able to sense a shift faster in something you’re extremely familiar with.

A nice tip if you’re hoarding leather, minerals or anything else that goes in a “special” bag is that specialty bags (mining sacks, etc.) will fit in your bank’s bag slots, so I have the biggest Enchanting and Leather bags I can find in mine.

Tip 8: Pounce on patches. Change is chaotic. Be ready. Read patch notes carefully. When something new hits the game, everyone wants it, nobody knows what it’s worth and a few people make a ton of money. Let it be you. If this appeals to you, become a student of the PTR (Public Test Realms) where new stuff is tested pre-release.

Bonus Tip: Stupid is a Choice. You’ve probably seen the constant undercutting that goes on the AH. Someone posts something for 30g, the next guy says 29, the next one 28 and so on, each hoping their item will sell first. Undercutting can be a valid strategy but too many players will let pride get in the way of logic. I see Scrolls of Enchant Whatever selling for less than the cost of the materials to make them all the time. Don’t get sucked down. Know your minimum price and stick to it (unless you’re sure the market has shifted.) 80% of the time, you can sit on the item for two weeks and the price will be back up.

When you see it happening, become a buyer. Nobody can sustain selling at a loss for long and eventually your items will return to a “normal” range. When other people get stupid, you get busy.

What do you think? I think these strategies will help you start understanding the AH better and help you learn to make money no matter what is currently going on. I’d like to hear your results. If you have comments or some ideas of your own, stop by The Horde Leveling Alliance and let me know your results.

Davey Mars is the founder of the Horde Leveling Alliance. Join us for tips on class and profession leveling, PvP, gold making strategies and more. Forums are coming soon. Come see us at http://www.hordelevelingalliance.com

http://www.REIClub.com – Tax Sale Auctions Are Great For Buying Bargain Real Estate Investments. Here’s A Video That Will Prepare You For A Tax Sale Auction…

Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I’ve got a quick video on preparing yourself for tax sale auctions as real estate investors

Why do properties go to tax sale auctions?
When homeowners default on their real estate taxes, after an allotted amount of time (and several warnings), the government has the right to sell the property at a tax sale for the amount owed in taxes.

The owner of the property is offered a “redemption” period, varying from 6 months to 2 years, to pay off whatever is owed on the property in taxes plus any additional fees.

Example:
– Owe k in taxes, bought for k at auction
– Standard 16-35%, some states are higher

How Do You Find Tax Sale Properties?
– Pull the list from the county tax office
– Subscribe to monthly tax sale newsletters
– Also research sites like auction.com, or other affiliate sites that hold auctions within your city, pull their list

Researching and Preparing for the Tax Sale Auction
– Call your county clerks office – public records format?
– Register for the Auction – in texas for 3 months
– Lien Background Check
– Once you have the list, google map the properties
– Pin point the addresses you are interested in
– Pull comps for the addresses of interest
– Establish – rent? flip? fix and flip?
– Consider repair costs, or complete replacement costs
– Calculate your bottom line – most you are able to bid
– Verify funds with your bank – pull out cashiers checks day of

Bidding Process
– Some properties will be pulled – meaning the taxes have probably been paid off (explained)
– Go through list of properties you pulled from Tax office
– Vocally bid out your numbers, some places use raising of signs
– highest bid wins
– Not as intense as people make it out to be

Tax sale auctions are incredibly fun to attend, but can definitely be overwhelming if you do not come prepared. Some key things to remember before attending any auction are, always remember to stick to your game plan and stick to your research. I say this because emotions can be your worst enemy.

If the property you are interested in sells for more than you can afford, don’t push the limit because you may live to regret it. Know your limits, and be proud in yourself that you stuck to them, because when that right property comes, and you get it, you’ll be happy that you were patient.

Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you’ll be automatically notified when we upload more quick video tips for you. Take care and good investing.

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