Molsan Method » Economy

Molsan Method Podcast – Episode 117 – I was Wrong About Titanium Ore Prospecting

Molsan — Tue, 31 Aug 2010 16:19:44 +0000

On the one hundred and seventeenth episode of the Molsan Method podcast, I admit that I was wrong about making gold through Titanium Ore prospecting in World of Warcraft. (4:51)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 115 – Engineering + Vendor Mats = Gold

Molsan — Fri, 27 Aug 2010 16:28:57 +0000

On the one hundred and fifteenth episode of the Molsan Method podcast, I describe how you can make gold with Engineering and some vendor-purchased trade goods in World of Warcraft. (4:39)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 114 – Titanium Ore Prospecting Analysis

Molsan — Thu, 26 Aug 2010 17:22:04 +0000

On the one hundred and fourteenth episode of the Molsan Method podcast, I breakdown prospecting Titanium Ore to make gold in World of Warcraft. (7:46)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 112 – Northrend Market Price Adjustments

Molsan — Tue, 24 Aug 2010 16:28:04 +0000

On the one hundred and twelfth episode of the Molsan Method podcast, I evaluate the market prices for Northrend materials in World of Warcraft. (6:38)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 106 – Purchasing Items Below Your Threshold

Molsan — Mon, 16 Aug 2010 19:00:41 +0000

On the one hundred and sixth episode of the Molsan Method podcast, I point out that you should consider buying out your competition on the auction house when they list value items below your threshold in World of Warcraft. (6:19)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 101 – Crafting Pets for Gold

Molsan — Mon, 09 Aug 2010 15:46:12 +0000

On the one hundred and first episode of the Molsan Method podcast, I return with a gold-making tip involving pets, Engineering, and Gnomeregan. (6:43)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 98 – Diversify by Selling Vendor-Purchased Goods

Molsan — Wed, 07 Jul 2010 17:58:47 +0000

On the ninety-eighth episode of the Molsan Method podcast, I remind you to diversify your portfolio of items you’re selling by adding vendor-purchased goods to your auction rotation in World of Warcraft. (6:04)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 97 – Capitalizing on the Dark Moon Faire

Molsan — Tue, 06 Jul 2010 16:19:04 +0000

On the ninety-seventh episode of the Molsan Method podcast, I suggest visiting the Dark Moon Faire to make some gold, and brainstorm ideas for how to improve upon the event in the future of World of Warcraft. (7:59)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 93 – Consider Roadblocks and Configure Auctioneer to Make Gold

Molsan — Tue, 29 Jun 2010 15:47:12 +0000

On the ninety-third episode of the Molsan Method podcast, I suggest considering profession-leveling roadblocks to make gold in World of Warcraft. (6:32)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 85 – The Non-Advantage of the Mobile Auction House

Molsan — Thu, 17 Jun 2010 20:50:52 +0000

On the eighty-fifth episode of the Molsan Method podcast, I point out that having access to in-game functions (such as the auction house) out of game will not give players an unfair advantage in World of Warcraft. (8:21)

Check out World of Warcast episode 102 with Starman, Alachia, and special guest AzyxA.

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 71 – Tips for Making Gold with a New Character

Molsan — Thu, 27 May 2010 20:27:45 +0000

On the seventy-first episode of the Molsan Method podcast, I provide some tips for making gold on a new character in World of Warcraft. (7:38)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 67 – The Economic Impact of the Armory Auction House

Molsan — Fri, 21 May 2010 15:57:04 +0000

On the sixty-seventh episode of the Molsan Method podcast, I ponder about the impact the new auction house armory module will have on the in-game World of Warcraft economy. (8:28)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 66 – Recycle Your Bank Alt

Molsan — Thu, 20 May 2010 17:02:22 +0000

On the sixty-sixth episode of the Molsan Method podcast, I suggest changing your bank alt often in World of Warcraft. (5:59)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 62 – Make Gold with Inscription without Selling Glyphs

Molsan — Fri, 14 May 2010 15:55:11 +0000

On the sixty-second episode of the Molsan Method podcast, I showcase three crafted items made with Inscription that will help you make gold in World of Warcraft. (5:11)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 52 – Making Gold with Blacksmithing – Eternium Rod

Molsan — Fri, 30 Apr 2010 15:58:46 +0000

On the fifty-second episode of the Molsan Method podcast, I offer a tip for making gold with Blacksmithing in World of Warcraft: craft the Eternium Rod for Enchanters. (3:14)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 49 – How to Effectively Price Gathered Trade Goods

Molsan — Tue, 27 Apr 2010 15:41:04 +0000

On the forty-ninth episode of the Molsan Method podcast, I describe a philosophy for selling gathered materials and trade goods in World of Warcraft. (5:54)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 48 – Making Money with Alchemy

Molsan — Mon, 26 Apr 2010 16:37:11 +0000

On the forty-eighth episode of the Molsan Method podcast, I talk about how you can make money with the World of Warcraft profession, Alchemy. (7:33)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 37 – Don’t Sit on Stone Keeper’s Shards

Molsan — Fri, 09 Apr 2010 16:15:49 +0000

On the thirty-seventh episode of the Molsan Method podcast, I remind you to make good use of the currency you have in World of Warcraft before Cataclysm is released. (5:45)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 36 – Consumable Armor Vellums for Gold

Molsan — Thu, 08 Apr 2010 16:09:54 +0000

On the thirty-sixth episode of the Molsan Method podcast, I pitch the idea of doubling your gold in World of Warcraft by crafting Armor Vellums with Inscription. (6:19)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 33 – Make Gold with Enchanting and Vision Dust

Molsan — Mon, 05 Apr 2010 16:15:16 +0000

On the thirty-third episode of the Molsan Method podcast, I offer a tip on making gold in World of Warcraft with mid-level Enchanting. (3:26)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 28 – Tips for Making Gold While Leveling Any Profession

Molsan — Mon, 29 Mar 2010 16:05:10 +0000

On the twenty-eighth episode of the Molsan Method podcast, I offer some tips for making gold while leveling any profession in World of Warcraft. I forgot about Alchemy though. (9:13)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 21 – Patience and Variety > Collusion and Farming

Molsan — Thu, 18 Mar 2010 18:20:04 +0000

On the twenty-first episode of the Molsan Method podcast, I respond to a couple of guild forum posts: one about operating at a loss with professions and gold farming in World of Warcraft (5:50)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 14 – Challenge the Rock

Molsan — Tue, 09 Mar 2010 17:29:24 +0000

On the fourteenth episode of the Molsan Method podcast, I found a mid-level Tailoring recipe (Cloak of Frozen Spirits) that I’ll be using to try and make some extra gold in World of Warcraft. (5:24)

Subscribe and Listen Daily!

Subscribe to the Molsan Method podcast on iTunes.
Add the Molsan Method RSS feed to your reader.

Molsan Method Podcast – Episode 13 – The Mechanical Squirrel Chicken

Molsan — Mon, 08 Mar 2010 17:17:24 +0000

On the thirteenth episode of the Molsan Method podcast, I challenge you to pick one crafted item from one of your professions and start making gold in World of Warcraft. Yes, Engineers, you too. (5:13)

Molsan Method Podcast – Episode 7 – Value of Frozen Orbs in Patch 3.3.3

Molsan — Fri, 26 Feb 2010 17:30:54 +0000

On the seventh episode of the Molsan Method podcast, I talk about my predictions for World of Warcraft auction house prices on trade goods purchasable with Frozen Orbs (3:24).

Molsan Method Podcast – Episode 3 – I Need Frozen Orbs for Patch 3.3.3

Molsan — Mon, 22 Feb 2010 17:30:39 +0000

On the third episode of the Molsan Method podcast, I talk about the upcoming changes to Frozen Orbs in World of Warcraft’s 3.3.3 patch. I rolled “need” on a Frozen Orb for the first time in a recent random heroic, and was called out for doing so (3:18).

Cornering the Market with Huge Emerald

Molsan — Mon, 29 Jun 2009 17:17:38 +0000

I was alerted of a severe underselling of one of my go-to items while performing a routine scan of the Auction House this weekend. The price on Huge Emeralds was extremely low and I decided to buy up everything for resale. While I was excited to see the potential profitability of cornering the market with this item, I was disappointed only to find eight Huge Emeralds for sale.

Timing is Money, Friend

Timing is once again key when making this kind of decision. Quoting myself, if I may, from my last article:

Identifying the item is only the first step. You will need to time your purchasing of the items when there is just enough of an abundance where sellers are undercutting each other, but not saturated enough to the point where supply overwhelms demand. All I can say is this just takes a combination of experience from attempting this process on your own, scanning and observing auction house trends, and having an intimate knowledge of several crafting professions.

You can’t always predetermine the item you’re going to corner the market with. You will need to build up an arsenal of knowledge of items to monitor and strike hard and fast when you see an opportunity.

Read on to see the results from this week’s experiment.

This Week’s Item: Huge Emerald

As with Lesser Moonstones, Huge Emeralds are difficult to farm because they are a random drop from a mining vein or prospecting the raw ore. Typically, you will obtain these emeralds from mining a Thorium vein or prospecting Thorium ore. On most servers, Thorium ore is outrageously priced, and the competition is high for the veins themselves.

The demand for Huge Emeralds can be high not only because it is a material for the Emerald Lion Ring, but because this recipe is key for Jewelcrafters leveling from 290 to 300. Players power-leveling this profession will see the light at the end of this tunnel and will become desperate to reach the crafting level of 300. They’ll often overpay in order to reach this goal so that they can move on to the 300-350 level recipes.

The Results

The first five Huge Emeralds were purchased at 4:00 am for 12.6 gold each and listed for resale at a 120% markup for 30 gold each. By the time I had logged back in at 5:00 pm to check on them, they had already sold earlier in the day!

I decided to check to see if any new items had been listed and three more had been put up, astonishingly enough, for 3 gold each. Yes, 3 gold each. I quickly snatched the last three up and listed them again for 30 gold apiece. The next morning, all three had sold. For a little more than 10 minutes worth of work, I turned a nice 161 gold profit (after auction house fees).

Summary

It doesn’t take a large quantity of items to corner the market and make a nice profit. By studying some guides, watching trends, having patience, and splashing in a bit of luck, you too can find the same success.

Quantity Purchased:	8
Total Cost:	72 gold
Quantity Sold:	8
Total Sale:	233 gold
*Total Profit:*	161 gold

Cornering the Market with Lesser Moonstone

Molsan — Mon, 22 Jun 2009 19:16:48 +0000

One way to make some quick gold on the auction house is to corner the market. The risk/reward for this method is very high, but, if done correctly, can be extremely profitable. I hope to turn this into a weekly series where I choose a different item each week and report on the profitability.

How to Corner the Market

The goal here is to find a particular item, buy all of it low, and resell all of it with a decent markup. You will need to take many factors into consideration when doing this so you don’t get stuck with an item.

Try to find an item that is in recurring demand and not easily obtainable
Find an item or a material that is regularly sought after on a daily basis
Try researching profession leveling guides and see if there are tiers where a particular material is needed in bulk

What to Avoid

You’ll want to stay away from items that can be farmed up with little effort. Copper Bars, for example, are a bad choice. Unless you time it just right and find someone power-leveling Blacksmithing, Engineering, or Jewelcrafting, you’re going to be stuck with these. There are usually a few pages worth of bars already on the auction house, and it can be expensive to buy up the market’s share of Copper Bars. I’ve tried this before with Tin Bars and it didn’t work out so well.

Read on to see the results from this week’s experiment.

This Week’s Item: Lesser Moonstone

For this week, I chose Lesser Moonstone. This item is difficult to farm as it is most commonly found as a bonus drop from mining tin, iron, silver, and gold veins. There is also a chance of receiving one from prospecting the raw ore. I would rate Lesser Moonstone as a material that is in “medium demand,” as it is a key component for several low-level Blacksmithing and Jewelcrafting recipes.

Lesser Moonstone is in recurring demand, especially for a Blacksmith specializing as a Weaponsmith. The Moonsteel Broadsword is an objective for the quest The Way of the Weaponsmith. Four of these swords are required, consuming twelve Lesser Moonstones in the process.

The Process

Identifying the item is only the first step. You will need to time your purchasing of the items when there is just enough of an abundance where sellers are undercutting each other, but not saturated enough to the point where supply overwhelms demand. All I can say is this just takes a combination of experience from attempting this process on your own, scanning and observing auction house trends, and having an intimate knowledge of several crafting professions.

The Results

On the evening first day, I purchased 48 Lesser Moonstones at an average price of 1.38 gold each for a total cost of about 67 gold. I posted them at a 110% markup of 2.9 gold each with a stack size of one. The next morning, I noticed that I was being undercut, and snatched up 33 more at an average price of 1.2 gold each for a total cost of about 40 gold. Rather than undercutting myself on single stacks, I re-posted them for 2.5 gold each, but with a stack size of three.

By the time I logged in later in the day, several of my auctions had closed. Not yet 24 hours later, 57 out of the 81 items (70%) had sold! Not taking auction house fees into consideration, those sales yielded 147 gold. Having spent 106 gold to buy the mats, I was already looking at a 41 gold profit with 24 items still left for sale.

The next morning, I received nine more auction house sale receipts for a total of 25 gold. At this point, I was already in the black and could have purchased all the items undercutting my last twenty-six items, but decided to just let them expire.

Summary

Here’s the breakdown of my activities for a 48-hour auction. This was a decent experiment to test the viability of cornering the auction house in today’s WoW market. Next time, I’ll choose a more valuable item and share my results here.

Quantity Purchased:	81
Total Cost:	106 gold
Quantity Sold:	65
Total Sale:	172 gold
*Total Profit:*	66 gold