Forum Settings
       
Reply To Thread

How to make lots of money with DE (guide)Follow

#27 Sep 11 2006 at 8:48 AM Rating: Decent
I made about 15g over the weekend doing this method on my server. I was undercutting the competitors for lesser magic essence by about 50% (they were selling them for 30s a piece and I did for 12.5s a piece. Still a healthy profit, and I would wake up and have 10 mails with money in them. I agree that strange dust doesn't sell that well, but it will eventually. If only for the vendor price.
#28 Sep 11 2006 at 10:42 AM Rating: Decent
Had anything sold this weekend i woul dhave made money but instead nothing has sold. I started with 1g, made 2g profit from it in one day, then did another buyout session. I now have about 8-10g worth of mats on the AH that havent sold for 3 days straight. Seemed like it was gonna work really well and now all of a sudden it has stopped quickly.
#29 Sep 11 2006 at 10:55 AM Rating: Good
33 posts
Quote:
Had anything sold this weekend i woul dhave made money but instead nothing has sold. I started with 1g, made 2g profit from it in one day, then did another buyout session. I now have about 8-10g worth of mats on the AH that havent sold for 3 days straight. Seemed like it was gonna work really well and now all of a sudden it has stopped quickly.


Prolly someone undercutting you all the time. Some mats sell better at weekends and some better on week days:) just try to keep em up there and eventually they will sell^^
#30 Sep 11 2006 at 5:26 PM Rating: Decent
**
839 posts
Thanks for the great strategy! I have been using a modified version since you first created this thread, and the results have been excellent. I had already created a banking character with the ability to D/E items that didn't sell. He had a good bit of seed money, so I bought out everything the first day. Most of it sold and I ended up with 1.5~2x my investment.

After the first session, I decided that buying the lower level items was just too much hassle. I now use percentless 40, but only buy items over level 30. The market for Strange Dust and Magic Essences is just too slow. I price the mats to sell and manage to make a decent profit while mostly avoiding returns. This is a nice addition to my other gold-making activities. As long as most players remain ignorant of this strategy, it is a nice little gold generator.

As a side note, this is also handy for feeding the occasional dust or essence to a main enchanting toon. The odd Dream Dust passed off to my mage hasn't put a huge dent in the profits.



#31 Sep 11 2006 at 6:46 PM Rating: Decent
ohmikeghod the Venerable wrote:
So far, I've been trying it for 4 days. I started with a seed amount of 10G. Currently, I have 8G37S, lots of unsold mats, and a skill level of 58. Not many people seem to want to buy the expensive mats.

At least it's not a big loss.


UPDATE:
Over the weekend, my total gold went above 30. I still have lots of unsold mats, but the money is finally coming in.
#32 Sep 12 2006 at 2:09 AM Rating: Good
33 posts
Good to know its working for you guys! Makes my efforts worthwhile:)

And I think that most ppl will stay ignorant of this:P We almost all play pn diffirent servers so we dont really take much of eachothers market... good thing was that I didnt post this to realm forums:P
#33 Sep 12 2006 at 6:06 AM Rating: Decent
**
982 posts
indeed,

BTW 70g here with i think 30 min online spreaded out on a week.

I have a pvp main so i dont have the time to grind, before i begin pwning with my main i BO AH and DE all in order to resell.

But u have to chack the actual prices on AH for smart selling, maybe some Dust-buyouts to pressure the prices. And when mats are to cheap just wait a while

Thats my opinion, works great and tnx dude!!
its a shame u posted it on ur guildwebby, now some guildies will actually take ur market.

Grtzz
#34 Sep 12 2006 at 8:39 AM Rating: Decent
***
1,188 posts
actually, I just keep posting things at the same price til the market allows them to sell. After all, with D/E items, it's free to post them, so it isn't like you're out anything if they don't sell...
#35 Sep 13 2006 at 12:39 AM Rating: Decent
*
174 posts
You know, if I think something is probably not gonna work, there's a slight chance I'll try it out anyway.

If I think something definetly doesn't work, then I will definetly try out, because I'm weird like that.

I was really skeptical about this, as I have several other ways of making monies that seem to work well in the past. However, I was really bored and have an alt on a different server (mine was down for maintenance..) with about 150g on her. I decided to try this out, spent about 85g on equips (Lv.40+) and let the thing rest for about a week.

I am now sitting on about 200g.

That's roughly 50g from an 85g investment, and it seems most of the mats sold 2-3 hours after I set them up for auction.

So... hear it from a disbeliever. I'm impressed :)

Edited, Sep 13th 2006 at 1:41am EDT by KiroLM
#36 Sep 13 2006 at 2:35 AM Rating: Good
33 posts
Quote:
its a shame u posted it on ur guildwebby, now some guildies will actually take ur market.


They should feel free to do it, if they just dont undercut too much.

Quote:
So... hear it from a disbeliever. I'm impressed :)


Thanks, warms my heart to hear that:)
#37 Sep 14 2006 at 5:28 AM Rating: Good
**
804 posts
I'm trying this method too, I started with around 100g, and invested around 30g on all available auctions of 50% and higher, and placing bids on all the auctions of 30-40%. I have thousands of strange dusts and lesser magic essences up in the AH, I am probably flooding the market, but at least whenever anyone searches for those items they see my name primarily, and my price practically dictates the average price in auctioneer.

I am thinking about focusing on higher level items (40-50) to get rarer mats, I have noticed that they tend to sell much beter than the more common mats. Just this afternoon all of my auctions began expire, and I had to open the mailbox probably 10 times just to retrieve all the failed auctions in order to repost them. Suffice to say, I have made back that initial 30g investment and I have numerous pages of auctions up, now I just have to keep up and get them to sell.

An addition to your guide is that while doing this, one should not be afraid to bid on an auction rather than buyout, the bid price is always lower than the buyout (unless its the same) and you will win about half of the auctions that you bid on. The downside to this is that you will have to wait longer to get your item, however since you're waiting for all your auctions to sell anyway, might as well make your time spent more worth it by saving on your inports.

I would also suggest to not be timid in your pricing. If you can sell a mat for slightly more than the auctioneer tells you that it's worth, then you'll make more for your effort.

Also keep in mind that the selling prices for greater essences are often much lower than the price of three lesser essences. My suggestion would be to convert all greater essences to lesser essences and then sell them. I have even bought greater essences from the AH and converted them to lesser essences to jack up the price.

Of course all the price hikes and flooded markets are probably to blame for the thousands of mats that I have returning to my mailbox unsold day in and day out, my only hope is that I can sell them without having to make too many compromises in profit.
#38 Sep 14 2006 at 7:40 AM Rating: Decent
fitzerific wrote:
I'm trying this method too, I started with around 100g, and invested around 30g on all available auctions of 50% and higher, and placing bids on all the auctions of 30-40%. I have thousands of strange dusts and lesser magic essences up in the AH, I am probably flooding the market, but at least whenever anyone searches for those items they see my name primarily, and my price practically dictates the average price in auctioneer.

I am thinking about focusing on higher level items (40-50) to get rarer mats, I have noticed that they tend to sell much beter than the more common mats. Just this afternoon all of my auctions began expire, and I had to open the mailbox probably 10 times just to retrieve all the failed auctions in order to repost them. Suffice to say, I have made back that initial 30g investment and I have numerous pages of auctions up, now I just have to keep up and get them to sell.

An addition to your guide is that while doing this, one should not be afraid to bid on an auction rather than buyout, the bid price is always lower than the buyout (unless its the same) and you will win about half of the auctions that you bid on. The downside to this is that you will have to wait longer to get your item, however since you're waiting for all your auctions to sell anyway, might as well make your time spent more worth it by saving on your inports.

I would also suggest to not be timid in your pricing. If you can sell a mat for slightly more than the auctioneer tells you that it's worth, then you'll make more for your effort.

Also keep in mind that the selling prices for greater essences are often much lower than the price of three lesser essences. My suggestion would be to convert all greater essences to lesser essences and then sell them. I have even bought greater essences from the AH and converted them to lesser essences to jack up the price.

Of course all the price hikes and flooded markets are probably to blame for the thousands of mats that I have returning to my mailbox unsold day in and day out, my only hope is that I can sell them without having to make too many compromises in profit.


Good post. I started my DE alt with 10g and have been doing the percentless 60 of the items in AH. I now have about 50g on my alt (in about 5 days) and still have about 15g worth of mats in the AH right now.
#39 Sep 14 2006 at 10:01 AM Rating: Decent
Man my server must just plain suck. I've ben doing percentless 40 and a grand total of 30 items have shown up over the past week. Granted I've made about 12g off these items, there just hasn't been any availability. ***** old servers!
#40 Sep 14 2006 at 5:59 PM Rating: Decent
fitzerific wrote:
An addition to your guide is that while doing this, one should not be afraid to bid on an auction rather than buyout, the bid price is always lower than the buyout (unless its the same) and you will win about half of the auctions that you bid on. The downside to this is that you will have to wait longer to get your item, however since you're waiting for all your auctions to sell anyway, might as well make your time spent more worth it by saving on your inports.

I bid on any item where the bid price is lower than the highest buy-out price. I've purchase so much stuff that I think I might be contributing to a bit of inflation on my server.

Quote:
I would also suggest to not be timid in your pricing. If you can sell a mat for slightly more than the auctioneer tells you that it's worth, then you'll make more for your effort.

Also keep in mind that the selling prices for greater essences are often much lower than the price of three lesser essences. My suggestion would be to convert all greater essences to lesser essences and then sell them. I have even bought greater essences from the AH and converted them to lesser essences to jack up the price.
I do the opposite. I convert to whichever price is lower, in order to get the quick sale - there are less returned mats that way.
#41 Sep 15 2006 at 4:42 AM Rating: Decent
**
804 posts
Quote:
I do the opposite. I convert to whichever price is lower, in order to get the quick sale - there are less returned mats that way.


True that returned auctions are cumbersome, annoying, a huge waste of time, and discouraging to say the least, however when those items finally do sell, your profit margin gets that much sweeter. If you have the funds available and are not immediately needed elsewhere, in order to inflate your profits, raised prices are worth the added time in the auction house. However if the funds are needed quickly, then lowered prices can suit you as long as you maintain enough profit margin to make the endeavor worth while.

Ofcourse I do seem to be getting materials faster than I can get rid of them, so I guess lowered prices are also important if you don't want your inventory to get over inflated. Since I have so much on the AH at any given time, Im also probably injuring my long term marketability by flooding the market. Evetually the price of the mats may begin to plumet.

However if I have gargantuan ammounts of materials up for auction at any given time and I buyout the undersellers, I can dominate the market share and dictate my own price (which is saved since the first time posted, which means that I can sell and resell the mats for the same price indeffinately).

Also keep in mind that by maintaining such a large inventory on the AH, everytime I scan the AH my average takes into account all of my higher priced mats which scews the results for my enchantrix percentless when i go to buy out my inport items. Thus the profit that enchantrix claims that I'll be making is skewed by my inflated pricing. If everything sells, then kudos for me, I just need patience and lots of time to repost those auctions. If I begin to lower my price, I have no indication whether I'm lowering the price too low to make a profit on those inport items.

Suffice to say that this evening before coming to work, I had 150g and still 7 pages of auctions.
#42 Sep 15 2006 at 9:03 AM Rating: Decent
*
90 posts
I've been enjoying this strategy quite a bit. Thanks to the OP for the info and tips! I'm one of those people who started a class and professions only to find out later that many advise against that class/profession combo for a first-time player. I'm a mage with enchanting and tailoring. However, I've made it to lvl 29, solo, and am in the 160s in both tailoring and enchanting. I'm not the power-leveling type anyway. I'm in an interesting position regarding this AH strategy since, as an enchanter, I also need the reagents that I'm wanting to sell. And I'm doing this as my main, not with an AH mule.

I've been fairly conservative in my use of this strategy. Daily I buy about 11 items. DE them. And market them. I'm not rich yet, but I'm definitely seeing the potential for making very good money at this. I started a spreadsheet that shows item, price paid, disenchant result, price listed, net, and profit. I've been netting 80 to 100% of my initial investments in total.

I seem to have settled into the essence niche. Especially greater magic essence. I've decided not to even bother with items that are predicted to DE into strange dust at the top. The price for strange dust on my server is low and the return just won't justify it. I kinda got burned by that on my second foray into this. I'm beginning to suspect the same is true of soul dust on my server. It's been disappointing to get an item that's predicted at the top to produce greater magic essence, and have it DE into strange dust. I mean, you pay 19 silver for something only to have it DE into a product worth only 9 silver. . .aaarrrgggh! BUT, I've found that having other items that DE more favorably fill in the gaps and so I've still come out nicely ahead. 76s for a 16s investment ain't bad! :)

Disenchants from drops from monsters and such, I keep for myself. If one of my AH fodder pices produces something particularly nice that I don't have a little supply of in the bank, I keep it. Other than that, I think I'm getting the hang of this a bit and am quite enjoying it.

Thanks again!
#43 Sep 15 2006 at 5:39 PM Rating: Decent
**
804 posts
update:

this morning after work I went to the AH and bought out a bunch of items ranging from 70%-40% and recorded the ammount that I paid for them. After a good days sleep, I returned and DE'd these items to find that the items that were bought at 50%-40% did not produce valluable enough items to make much profit at all (unless I got lucky and got greater essences or shards), it seems that dusts are pretty much killing my profit. The items bought at 70%-60% seemed to provide some profit for everything that the item would DE into, however these items have always been the lower end mats.
#44 Sep 15 2006 at 7:07 PM Rating: Decent
So far, my mage is taking it slow on this enchanting thing... lvl 13 and I am playing her. But other 6 toons just during the normal course of questing has been coming across greens and some blues and tossing the unused into her mailbox.

Found she gets backed up with both stuff to d/e and mats to e.

#45 Sep 15 2006 at 7:25 PM Rating: Decent
***
2,014 posts
Just letting everybody know that this definitely doesn't work on Spirestone server!......It's not even worth trying......definitely not worth it......nope......no way.




It's all mine, my preciousssssss....



Thanks to the OP - good tips - just don't post anywhere else or tell anyone - it's our secret!
____________________________
RareTrevor - Feral/Boom
Other 100's - RareBertha (Mage), RareAgatha (Paladin), RareMildred (Warlock), RareGretchen (Hunter)
Others - RareHelga (96 Shaman), RarePearl (93 Rogue), RareEileen (93 Warrior), RareDorothy (93 Priest), RareViolet (93 Monk), RareWinifred (92 DK)
Rarebeast-Feral Druid. and 9 other Level 80+ Rares R.I.P
#46 Sep 15 2006 at 10:17 PM Rating: Decent
**
804 posts
I'm deffinitely going to have to tweak my method since this afternoon I noticed that the 50%-40% items are counter productive for the most part. Also a bit of selection on my part can help to allieviate lost profits such as only buying those items that provide a greater essence more frequently than a dust.

A spread sheet would also be helpful to track money spent on items versus money made from the DE mats, along with percentless value used and method of purchase. I might just resign myself to only bidding and only on those items from 70%-60% that have a higher chance of getting greater essences from the DE. Unfortunately my current computer is not effective for operating multiple applications.

As a side note, auctioneer also has a percentless function that gives a list of all items up on the AH that have a buyout with the percent savings versus the value of the item, however this could pose far more risky and each auction that you do this for would cost a deposit, probably not a great idea to do this though unless you have good data and know what you're doing.

Both auctioneer and enchantrix has a function (can't remember tha name of it) where it takes the bid of current auctions and compares that value with the actual value of the item (or enchanting mats for enchantrix). The variable that you would insert would be the ammount of silver difference that you are looking to get from the transaction. I'll post again with the name of the funcion when I find it again, but to look at a list of all the functions for auctioneer and enchantrix, just type into the chat window /auctioneer or /enchantrix and scroll through the text. This function is right before the percentless function for both auctioneer and enchantrix.

I haven't messed around with anything other than percentless for enchantrix, but given further oportunities for research into the auctioneer/enchantrix toolset, I'm sure that many more techniques can be added to this guide.
#47 Sep 16 2006 at 5:28 AM Rating: Good
33 posts
Quote:
Thanks to the OP - good tips - just don't post anywhere else or tell anyone - it's our secret!


Already posted it on your realm forums^^

joke:P



Quote:
I haven't messed around with anything other than percentless for enchantrix, but given further oportunities for research into the auctioneer/enchantrix toolset, I'm sure that many more techniques can be added to this guide.


That would be great^^
If you want to you could register on our forums and post the stuff you want to be added there.


Also, if anyone could post a copy of my first message to the WoW US forums it would be nice^^ Got only european account so cant post to those forums:)
#48 Sep 16 2006 at 5:43 PM Rating: Good
**
804 posts
Update:

Since the last time I had hit 150g, I had reinvested to where my gold on hand was as low as 50g (I'm guestimating this, could've been much much lower). This afternoon after awakaning to go to work I logged and picked up my mail to discover afterwards that my gold on hand is now around 170g. I also checked my auctions, and where I had 7 pages open previously consisting mainly (99%) of enchanting mats, this afternoon I had 5 pages of enchanting mats.

This concludes that although I have been losing a fair ammount from dusts, I have been more than making up for that dip in profits from selling essences and shards. Although for some reason those shards are lingering in the AH, and I keep having to put them back up daily.

I haven't been reinvesting for the past day or two mainly because I work 12 hours graveyard on the back end of the week, and Ive been using this time to try and let my auctions filter down. Im not sure if Im going to continue this experiment, or if Ill try and cook up some other hair brained money making scheme. If I quit, at least Ill have made somewhere around 100g or more by my estimates, assuming that I can get all of those auctions to sell. Even if I don't I can save them up for a time when I want to start leveling enchanting higher on a low level toon.
#49 Sep 17 2006 at 11:39 AM Rating: Decent
nub question
Where does the info show up after doing a /enchantrix percentless show up? I dont know if im doing something wrong or if there is just nothing on the AH that meets the requirments.

thx for any help i get
#50 Sep 17 2006 at 12:06 PM Rating: Decent
*
90 posts
I think it will show up in your default chat window unless you specify otherwise. It won't show up in Auctioneer. I created a special chat window just for that data to be fed into. The syntax is (as taken from the enchantrix pages):
"/enchantrix print-in (<frameIndex>[Number]|<frameName>[String])
Select which frame Enchantix will print out it's messages. You can either specify the frame's name or the frame's index."

I created a chat window called . . .get ready. . .enchantrix. ;) And that's where my data go. There is a complete list of the enchantrix slash commands at http://norganna.org/wiki/Enchantrix/Commands

Edited, Sep 17th 2006 at 4:31pm EDT by xhepera
#51 Sep 17 2006 at 2:34 PM Rating: Decent
*
174 posts
A quick note to everyone that's currently doing the d/e game.

In order to attain Artisan Enchanting, you have to go to Uldamann (A Lv. 42-48 elite instance) in order to get to the Master Enchanter, and even then, you have to clear out a couple of pits of (alot) of scorpids to make her appear.

Needless to say, it's not a fun trip to make.

Now, you can basically just have to make ONE trip into Uldaman if you have enough Dreamdust with you to lv your Ench up enough to learn all the recipees that she has to teach, and thus, it's recommended that to-be Master enchanters go to Uldaman with a nice chunk of Dream Dust to complement their journey.

If I'm not mistaken, dream dust drops off high 40/low 50s green+ items. I've been selling at Stacks of 10 (Advertising the use of them in the aforementioned situation) and have been making a -killing-.

50g investment, currently at 138g (In 4 days).

:)
Reply To Thread

Colors Smileys Quote OriginalQuote Checked Help

 

Recent Visitors: 2 All times are in CST
Anonymous Guests (2)