Expanding our bank roll!

Following up where we left off in the last entry, I was trying to communicate that you should never stick yourself in a stressful farm due to the amount of farmable material in Azeroth. I decided to expand on that more by taking a gamble, as we know gambles either pay off or you go flat broke (in this case flat broke will be wasted time). I flew out to Swamp of Sorrows to roll the dice on either a big payoff or a handful of wasted time. My target, Disgusting Oozeling which drops from the Oozing Bags dropped by the Oozes. Try to say that three times fast.

On this new realm they are listed on the Auction Hose for 7-12k. If they will actually sell at that price I don't know, which makes the gamble that more risky. None the less I will be under cutting the competition price wise & listing it for 5k gold. Simply because I know even if I had bank on this realm I wouldn't drop more then 5k for a farmable pet. If it was the Hyacinth Macaw (which I have two of) you might get a bit more then 5k out of me but even for that pain in the arse pet I wouldn't drop over 7k. At the end of the day it is just a pet.

When you do your farm runs you should have a set amount of time you run every time you farm. It creates a habit so you can constructively farm consistantly without quitting in the middle of it & it also transfers over to the real world when you need to stdy for school & such.

So I set my timer on the usual amount of time, one hour. I know already from my last farm that I can earn 1,000g an hour without having to move so hopefully this pays off with a 500% increase in profit. Taking risk are gonna come while building your wow fortune its the only way to expand your revenue, the key is to know which risk have a realistic payoff and which ones are hopes & dreams sprinkled in glitter sitting in a pile of.... you get my point.

My gamble paid off after only 16 minutes of farming I found the Oozeling. Which left me with 44 minutes of hunting. Now when you go on farms like this you never quit once you acquire your target. That is pointless. You farm your entire time because it does nothing but increase your profit. Typically I would mail the Oozeling off to my banker (THEY ARE UNIQUE if you are gonna hunt these, if you have one in your inventory the bag will NOT drop it again) then returned to farming but I dont have the knowledge of this realm to know if it is even going to sell so I am just gonna stop with my possible 500% increase in profit (if it sells) if I would of continued like I normally would of everything from that point on is simply icing on the cake.

Keep in mind we never want to stick all of our eggs in one basket so even if the Oozeling sells on your realm, it is still a supply & demand item which relys on another player wanting that item. Simply farming that as a main income because of the gold it nets will hinder your possible fortune. If you end up picking up more than one of these NEVER list multiples on the auction house. It only lowers the going price by everyone else having to under cut you and bring the value down for awhile, plus it presents the concept of it being easily farmed & people will take it upon theirself to farm it verses pay for it which eliminates all of your money and equals wasted time.

Target acquired: http://postimage.org/image/b6wko7lhx/

Building a little pocket book!

Now that all of our auctions have been listed and we made our banker alt & have him parked by the mailbox / auction house we will send gold over to him. He wont be holding all of our gold but we will keep him with a chunk so he can list whatever you send over to him. The advantage to having our banker alt is so that we dont have to break from our farming to list items on the auction house. We simply mail it over and keep farming.

Now while the auctions where listed I spent time farming, I needed to establish a bit of a base pocket book to be able to start working the auction house. I could of easily went and quested, earned gold & experience but I felt lazy so I went to an old WotLK hot spot to farm. It required no movement literally and the mobs ran to me, yes. They ran TO me. Figured I'd spend an hour out there & see what I came up with. After one hour exactly I came away with 67 raw gold, 100g worth of vendor trash, four greens which list at 25-35gold (just to move them easily) and 800 gold worth of frostweave cloth.

Totaled up, for one hour I came away with over 1k gold on a level 80 toon in old world content. Not bad. However 1k gold wont get us into the auction house market like we want to be so I will take a break then rinse and repeat this process a couple more times through the day to pad my bank roll.

There are many hotspots to farm around Azeroth, this is just one place worth your time when you are broke or starting to build a new gold pile. Questing can pay off, instances can pay off, low stress level areas like this pay off. Its all about what mood your in, never force yourself to find something that you dont want to. There is always an alternative.

Location of where I was lazy farming in link as well as my loot.

http://postimage.org/gallery/18smbmws/0ae46c3e

The start of everything..

I apologize to those of you who expected thrifty little tricks & methods to gain gold from start, however every great plan was.. well, planned. You cannot build an empire without a foundation so as I usually do I did exactly that. Built my foundation so I don't have to worry about them a little ways down the road to side track my process and end up using money from profit.

First order of business.

With a fresh level 80 & no professions or gold I did the smart thing. I went out to the Cataclysm zone, did a little questing making sure to loot everything in sight and sell every quest reward even if it was useful to my character. We aren't raiding, we are here to make gold. When I say little questing I mean it, I made it 1/3rd the way through level 80 and went back to town with just over 200 gold to start with.

The first thing to establish was a personal guild bank, guild banks mean a HUGE increase in inventory room which we will need for dirt cheap. Its equal to buying bag slots 2-5 in your own personal bank for a lot more room purchasing the first tab. So I grabbed charter signs from new lowbies in the start zone turned it in and viola. Of course we also purchase the first tab.

Which left us with a sum of 100g, 1 Hypnotic Dust & 6 Embersilk Cloth. Realistically people looking for mats like to purchase complete stacks of items but thats to bad for them so I listed the embersilk cloth on the AH for 16g. The dust will go in the bank because the value of solo dust isn't much. We will end up grabbing a complete stack of that later.

So here we are with 100g what shall we ever do?

Pick up two wonderful professions we wont be keeping but enable gold building at the lower ends. Tailoring & enchanting. Craft Line Bolts with all the Linen cloth & learn the Brown Linen Pants pattern. Next I flew over to the Enchanting trainer & picked up enchanting. Buy out the strange dust from the vendor, grab the lesser essence and a copper rod to make your level 1 enchanting rod. Craft Brown Linen Pants and follow up by disenchanting them all. Yes, thats what all this work was for.

Take the Strange Dust and Lesser Essences & post them up on the auction house. After disenchanting everything and posting it on the AH I spent 42 gold in cost & made 161 gold for a profit of 119 gold. Take into thought I posted these at dirt cheap prices, you will be able to list them as high as possible (make sure to set auctioneer to under cut by 1 copper).

Clearly this isn't ground breaking gold but it is our what? Our foundation. We are starting with nothing and turning it into everything. Now while your items are on the auction house you can do one of two things, go farm or level up a bank alt to level five. Me being the seasoned vet, I opted to level up my bank alt. After hitting level five I ran him to town and parked him next to the mailbox and auction house where he will make his living.

Pictures of the fresh start & foundation being built: http://postimage.org/gallery/zruzuza/a383e06a/

Tomorrow we shall rip and run & build ourselves a minor pile of gold to start working with.

Rome wasn't built in a day, neither was a WoW fortune!

 
Welcome to The Gold Mercenaries, here we will be showing you first hand the process of taking literally no gold (or at least an amount of gold anyone is capable of getting their hands on) and turning it into a fortune on World of Warcraft.

We are going to start with no professions, little to no gold, and a level 80 character. Your realm, your faction, your class, your race will make little to no difference. We will be giving out tips & strategies along the way to our fortune of gold.

So welcome to The Gold Mercenaries & prepare to become rich!