Diversification

Sold some more recipes from SW today, so now up to 38g. Also the random trash skins/herbs. Its only a gold or so per stack but that's huge at my level. Turned around and bought netherweave which was selling for under vendor price for heavy nw bandage (3g/stack). Talk about stupid. Then the bags are selling for 10g! I am going to make a bunch of bags via a tailor and sell most of them on AH. Then I'll go get some more pets and recipes from shat. I'd really like to get to felwood to do that, but it would be an hour of effort. The felwood recipes are bank.

Let me talk a moment about diversification.

The moths from Exodar are a prime example. There are three colors, blue yellow and red I think. It doesn't matter. The blue sells for say 10g, yellow for 4g and red for 3g. These are approximate but the point is they dont sell for the same amount. Even though the vendor price is the same.

So, buy blue right? Well... Think about it this way. Somebody wants all the pets easily for whatever reason (going back to Gevlon's M&S philosophy). So they buy all 3 colors, irregardless of cost (unless its something like 20g each, M&S aren't going to pay that much). So my point is your turnover will be faster if you buy all 3 irregardless of the profit margin. Yes blues sell for more, but buy not buying the yellow and red you are shooting yourself in the foot. I'd rather have 3 sales with 15g profit than 1 sale with 10g profit.

Same thing goes for felwood recipes. Some are worth more than others, but by buying all 3 you can diversify and sell more. What is the limit? The limit is your bag space and thus the opportunitycost. By buying low profit recipes you are limiting your bag space which could be used for high profit recipes. Since I'm a small mage and my bags are small, I am going to buy the high profit recipes from felwood since it's a PITA to go back there, and I dont have alot of bag space.

By no means am I a baron, my friend who also has a mage, I gave him 10g, at level 20 he had 1000 gold or so. Just playing the AH and running around and gathering recipes.