Thursday, July 26, 2012

ITS COMMING, ITS COMMING!!! CHANGE EVERYTHING!!! or don't.

Long title but ehh.. I was thinking of something along the lines of American History and Paul Revere.  "THE REDCOATS ARE COMMING!!! THE RED COATS ARE COMMING!!!"  It probalby sounded better in my head.

Lots of good advice out there in the blogosphere... don't think I am not reading other blogs and getting many great ideas, deep insight and thoughts to consider in my plans...  But its still speculation largely...
Ex:  Pets battles and pet sales: "BUY PETS" was a recomendation  based on speculation, now its changed and current status on the beta has caused some apparent panic and "SELL PETS" recomendations are floating around... Again this is also based again more speculation... IMO...  A lot of people spend a lot of time trying to catch the next big wave, instead of just catching and riding a little one for a lot long.  Short burst markets and profits, or long lasting steady markets that will net you a lot more in the long run.

I will be playing in some pet markets.. for fun and profit, but, it will not be any major focus of my efforts...

If you are newer to markets and looking for a bit of starter cash... I think this could be a great and fun way to invest some time and make some gold... I think it will be popular as a gold making method, since pet battles are going to be a LOT more fun than millin herbs or prospecting ore, there in is the problem... how much is your time worth and what are your goal.

MOP IS COMMIN... MOP IS COMMING.. really we already knew that, now we know when, exactly, big deal...
however some posts have suggested in some ways and at various levels, "CHANGE EVERYTHING, THE WORLD IS BEING REBORN".  Okay, a little bit of writers liberty and maybe a bit of a large statement.. However, the point is that really, NOTHING IS CHANGING... just keep doing what you do..

Slow and steady has been the way everyone with a million gold got it... Even my 100K/day for 14 days... avg... 1.4 Million in 14 days run was not an overnight thing.. that was the end of MONTHS of planning and stocking up, and about a year of experience in markets, with back up spreadsheets with good info that still worked when the addons broke...

So, if you think that that the current buzz about the release date and all the changes and blue posts about pet battles is where you should focus... go for it.  IMO if thats where the buzz is though, thats where the market will be a bit rougher... just by overpopulation and the excitement of "NEW" these markets are going IMO to be marginal at best for most players in them...

My plan, change and tweak a little here and a little there, but otherwise do the same thing I always did... Look for markets to turn time into money.  Make patience pay dividends.  Gather, Mill, Prospect, Process, Craft... all of these things take time.   Which one will make you the most money for the time invested or be the most tollerable activity to do... and often a combination is the biggest win.  If you are willing to gather Prospect the ore to gems, and craft the gems to cut gems or jewlery, then disenchant or sell the rings, and then craft scrolls with the mats... Well that game might change a little, but I really think it will be the same too.

Basically, if you are Freaking out now... well, you need to relax and realize its happened before

If your looking for the next quick million, well that is not likely to come from the hype either...

Pick a market, or group of markets.  Pick your priorities and stick with it... I did not say pick a profit margin, because that will fluctuate.  As your market gets more profitable, it will get more attractive, and then there will be more competition, and then there will be less or little profit, but then people will look for the next best thing and move on.. and then the prices rebound and your back in the money.  The trick is IMO to keep your prices from being to unreasonable for your time.  higher prices will attract more people... For instance I never looked for more than about 250gold profit on any one enchant scroll... That is profit margin in my fall back price and my buy thresholds.   I made more often since I often got mats at lower than calculated costs...  Example market for maelstrom crystals is 150 gold... I buy at below 150 only.  but use 150 gold in my minimum sell price.  However on busy nights for Heroics or raids w/ lots of gear being DE'd... The marke would get flooded and drive prices to 100, 110, 120... and I would buy them all often times.  The other thing this does is figure in the cost of AH fees and deposits... also the reason I love Enchanting... VERY VERY low AH deposit costs...  I would have to repost something 100 times to lose one single gold in AH deposit costs... :-)

What will be your strategy in this poker game... the table is being set and the chips and cards are being passed around...

3 comments:

  1. (Coming is spelled with one "m".)

    ReplyDelete
  2. Should spell check more for sure.

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  3. Looking forward to MOP, even though my wow account at level 45.

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