Gold Tips For WoW...
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Making Gold in WoW Through The Auction House
Profiting off the auction house is now easier than ever.
Mostly, this is because of the auctioneer that has now been released, which has made it much easier to make gold from the auction house. It allows you to analyze and track data, which you can then use to buy and sell items off other players.
The first thing you need to do before anything else with the auction house is get yourself a mule. This is crucial in order to make gold from the auction house. Quite simply, a mule is a character you leave at the auction house that lists your items to buy and sell. This can be a very low level character that you can leave in the main city.
The motto here is just like the real life stock market: buy low, sell high. Naturally, if an item has very low supply, then it will be heavily in demand (the reverse is also true, where common items go for low prices). If you have a rare item then you may be able to sell it for a much higher price than what you brought it for.
Once you have a mule, the way to look for these low supply items is to start scanning the auction house. You'll then get a fairly large database of profitable items, and you'll be able to see what price they usually sell for on your server.
When you have scanned for items, you can then use the "Bottom Scanner" that you get with the auctioneer. The Bottom Scanner will scan for auction house for items that are available for very low prices that you can then sell for much higher prices.
By the way, when you list items on the auction house, you want them to sell the first time you list the auction. If they don't sell the first time, then they may not be in demand and it is probably not worth relisting the auction.
When you are a low level, you should stick to items that have no or very little listing fee's. These are commonly known as enchanting supplies. When you have played the game for a while, you can move on to higher level items.
Making Gold In WoW Through Different Professions
Ever since the burning crusade came out, professions have gone way up in price. Perhaps the most profitable profession to go for at this point is mining.
Mining actually makes up three different professions right now. Many people don't like having to mine things like ore, which puts it in very high demand. Many people would simply rather pay gold for it rather than go out and mine it themselves.
It seems like very profession that gathers - mining, skinning and herbalism - has gone up heavily in demand in WoW since the burning crusade came out. These three professions now sell for two or three times as much as they used to.
If you have a gathering profession and you mine for items, then you potentially have a huge advantage over other players. As long as you have a profession that gathers items that are heavily in demand, then you can make a lot of gold through the auction house selling these items to other players.
One of the best ways to make gold with these kind of professions is through crafting. If you craft recipes that are highly in demand, you can make big profits for relatively little effort.
If you are an alchemist at a very high level, you can make deals with various guilds where you provide certain items. You can sell items such as potions to the guild that you would not normally have. When you do this, you are almost acting like a real life contractor.
Another great way to make money with professions is through Jewel crafting. Again, since the burning crusade came out, this has gone way up in demand. People who are not in the jewel crafting profession will need to buy gems rather than gathering them manually.
Because gems are so highly in demand, you can easily make gold by selling it in bulk. You can either get it yourself if you are a jewel crafter or buy it. Once you start selling it for a higher amount, you can make a lot of gold fairly quickly.
The Profitability Of Different Professions In WoW
Gathering Professions:
Mining: This type of profession mines for various items around the world. It is one of the most common professions and is popular among new players, as you can use it to make gold right away.
Skinning: This profession uses a tool called a skinning knife to kill various monsters (beasts) in the game for valuable items such as leather. This is good if you want to do leather working, and is profitable when you combine it with mining.
Herbalism: Herbalists make potions by gathering different types of flowers. This is also a useful profession, but is much more powerful when you reach a higher level, as you can then make more valuable potions.
Crafting:
Blacksmithing: Blacksmiths are able to make in-demand items used by many characters such as daggers and swords, as well as things like plate armor. This is not as profitable as some of the mining professions but is still valuable if you need melee weapons for yourself.
Leatherworking: Leatherworkers can craft leather and various mail items. This is useful if you are in a guild, because it can increase the group's power. You can also use armor crafted to give yourself a better defense. It is similar to blacksmithing, and is not particularly profitable. However, it is very useful if you need leather equipment.
Tailoring: Tailors can make things like storage kits and patches that you can use on your character to get to a better level and increase your power. They can also create rare items, which can make this a more profitable profession than blacksmithing or leather working.
Alchemy: This is the knowledge of creating items such as potions, and will also allow you to transmute elements such as metal. Like tailoring, this can be quite profitable, but you will need to have the Herbalism profession in order to support this properly due to the reliance on potions.
Engineering: This is actually the least profitable profession, and you won't make a lot of gold by being an engineer. The profession allows you to create unusual weapons against monsters, but you are unlikely to be able to sell these for lots of gold at the auction house.
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Jewelcrafting: Jewelcrafting is one of the newest professions, and allows you to mine raw gems that you can cut into gems for a power increase. Because jewels are highly in demand right now, this can be a profitable profession, but you will need to have the mining profession to properly gather items.
Enchanting: This is only useful if you are a high level player, and is expensive to do. Enchanters are able to enchant a players equipment to give it a raise in power.
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