Breaking the Silence
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I know, I haven’t posted much in a while. I’ve been busy lately, I
apologize. I just drank a full 24oz Monster and I have my favorite playist
on YouTube ...
5.18.2013
When Markets Attack! [Link]
WTBGold wrote:
"One person had no idea what they were doing and posted every craft at zero profit. No goals competative meta goals in mind, just trying to make any gold they could, erroneously thinking that endercutting by 400g meant things would sell faster (Hint: it doesn't; a 1c undercut is the same as a 400g). Her presence had 2 of my BS guildies and 2-3 other competitors posting under 100g for current items that should be worth over 400-500g. Then, it spread."
Read the full post THIS IS MADNESS! on WTBGold.
In a similar vein Thairus wrote:
"Anyway back to my escapades, seeing my main competition just logging in to repost and having just fully entered the market myself I decided to test his mentality / patience and immediately undercut him every time he posted (for 1c undercut each time). After posting I waited a minute or two and ran a cancel scan, seeing that he'd almost immediately cancelled and undercut me. Fun Time. I proceeded to have a undercutting war for the next 20 minutes until he snapped and posted a 2-5 deep wall at 120g across the board (most of the gems being priced at 130-280g each), I was feeling playful so I undercut him once more, at which point he whispered me a condescending insult along the lines of me not knowing what I was doing and logged out."
Read the rest of the shenanigans in the post Weekly Gold Report 17/05/2013: Busy Busy Busy on Thairus' Creative Accounting.
I myself have been having some fun (and good old catharsis) crashing the prices of the Crafted Dreadful Cloth markets lately. There is only so much undercutting you can take before you snap and decide to burn the whole place down.
Disclaimer: The statement above has not been approved or endorsed by the Association of Safe and Sane Honorable Azerothian Traders (ASSHAT). The views and opinions expressed are stickily those of the writer and do not necessarily reflect the official opinions or best practices of ASSHAT.
Like this post? Get even more Power Word: Gold - Purchase our 100-Page Illustrated Gold Guide, subscribe via RSS, subscribe to the Podcast via iTunes or RSS, watch our Livestreams, follow us on Twitter, Circle us on Google+, Like us on Facebook, subscribe via Youtube and join us on reddit.
5.17.2013
Profit By Supplying Secrets of the First Empire
Today's guest post was written by reader Sueshi. You can find them on twitter at @brocampaign.
World of Warcraft is a multi-faceted game and people’s motivations for playing are as diverse as the players themselves. Whether it’s raiding, pet battling, PvP, or gold-making it is challenging to master every aspect of this game.
When attempting to forge a new market or discover a new gold making “secret”, it is important to have an understanding of “why”? Why do players want it and why is it needed? Read on past the jump for a very interesting market I was able find.
5.16.2013
Now On Sale: The Power Word: Gold Guide Volume II: Mists of Pandaria
One of the most commonly asked questions we've received since we released the first Power Word: Gold Guide for sale was "Will it be updated for Mists of Pandaria?" We've always been a bit vague about the answer and now we are able to share why.
We're happy to say that our second paid guide "The Power Word: Gold Guide Volume II: Mists of Pandaria" is now available for purchase in The Power Word: Gold Store.
This new, separate guide contains over 70+ pages of information about making gold in Mists of Pandaria.
Read on past the jump for more information.
5.15.2013
No, I Won't Buy You a Tiger
In this livestream we find gaps in our Crafted Dreadful Leather and Mail markets, work on Cloud Serpent dailies, go over the intricacies of Bear Hug, give advice for low population auctioning and much more.
You can watch the video on YouTube here: WoW Gold-Making! (2.2 Million Gold+) 4.30.13 by Jim Younkin or head past the jump for the embedded version.
5.14.2013
Beginners, Gold Making Troubles And Trailblazing
Today I'm sharing a few of the reader questions we receive here at Power Word: Gold Central (AKA our email inbox) along with our answers.
I also give a bit of advice for those who want to ask others questions in the future as well as get a bit into blazing gold-making trails and thinking for yourself.
Read on past the jump for questions about being a beginning gold-maker as well as frustrations making gold. Thanks again to the readers for allowing us to use their questions.
5.13.2013
Episode 062 - The Power Word: Gold Podcast
In this week's episode your hosts Jim Younkin and Erogroth discuss their early gold-making experiences, Reborn weapon economics, how to adjust to slowing sales and much more. And now on with the show!
Episode 062:
[MP3] Download or play this episode directly.*
[iTunes] Subscribe to The Power Word: Podcast directly in iTunes.
[RSS] Add The Power Word: Podcast to your RSS reader or manually into iTunes.
[Archive.org] View this episode's page on Archive.org.
*(Desktop browser users can click the round play button next to the word "MP3" to play in an embedded player.)
Full show notes after the jump.
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5.12.2013
Alacrity: Brisk and Cheerful Readiness
In this livestream we go through our normal daily cooldowns, go over calculating Living Steel material pricing, give details for quickly creating Bargain Hunter lists and much more.
You can watch the recorded livestream here: WoW Gold-Making! (2.1 Million Gold+) 4.24.13 by Jim Younkin or head past the jump for the embedded version.
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