Wednesday, February 18, 2009

How I made 2k gold in 2 days by accident

Sounds like something you see on an Ad right?

For most people 2k gold is pocket change but the interesting part about my experience in the past 2 days was it wasn't in my plan.

It first started when I decided to drop mining and pick up Jewelcrafting. My main reason for this was from a min/max standpoint. I wanted to maximize my stats as much as I can and I thought Jewelcrafting and Blacksmithing would be a good combo. I guess I was just trying to secure a raid spot when Ulduar does come out.

My project was finished after 5 days. It was a long process but I'm very pleased with the uber gems that I can now carry. Woot!

Then I remembered all the items that I sent to my disenchanting alt and AH alt ... which is well over 150+ items. Instead of letting them rot on the mail like I usually do I decided to just sell them at the Auction House with the goal of getting at least half of my investment back(around 500 gold was the goal).

2 days later my alt has acquired well over 1900 gold from the AH from all the "junk" and excess materials from leveling JC. I sold a bunch of low cost mats and gems around 99 silver to 3 gold. There were 3 things as I was leveling that stuck in my mind and I think helped me boost my AH profits.

Good investments

First one was me buying a stack of bloodstone for 2-2.5 gold each(20-25 gold a stack). I then cut a Bold Bloodstone and sold them for 9g 99sil. To my shock the first 5 actually sold after a minute and I wasn't even done posting items on AH. 2 days later I sold around 40 bold bloodstone from 10g to 12g(I tested how high could I go). If you do the math that's 400% Return of Investment + my JC skills!

Second was prospecting ores. I saved a bunch of saronite ores on Herc before I dropped mining, around 200 ores I think. If I knew I would be getting that much gems from them I would have cleared my bag sooner. This article does an excellent job in explaining how you can get profits thru prospecting ores.

Third was disenchanting rings and necklaces. I have sold 3 stacks of infinite dust last night and I felt poor for the guy I was undercutting. It was his fault though. First he posted A LOT of them flooding the market ... second was he put them for 48 hours. Which means I can easily undercut his gems and the best part was I was the only one during that 2 hour time frame last night posting dust.

I wish I had done the switch sooner. Most likely I will continue to take advantage of this proffesion, not full time but enough to keep me afloat.

I took up JC for the gems for the additional stats but the added bonus of making gold at the same time is very welcome.

3 comments:

Darraxus said...

Did you mine the low level crap or buy it?

Herc said...

I mined it as I was leveling my Dk's mining to replace Herc.

Ironshield said...

@Herc, I'm interested to see how this fares over more time. I leveled a bank toon up to be my 'new' main - a draenei pally who has mining and tailoring. Tailoring has been incredibly profitable, however it is time to put that on a clothie bank toon and let the pally have a beneficial profession. draenei & Jc go hand in hand -- so if its also highly profitable...