Questions to ask while on a pile of gold

This is from Phase 3 Profit!

1. How long did you spend on making gold every week?
2. How much you earn a week ?
3. Do you really need that much ?
4. Where are you going to spend your extras ?
5. Is there anyway can increase the amount you can get ?
6. Is there anyway can decrease the time you need ?
7. Will the method you are currently gather gold be obsolete soon ?
8. What’s the last time you get a new method for profiting ?
9. Is it fun at all ?
10. Planning to share what you had learnt ?

1. I spend about 1-2 hours each day making money. Right now my Dawnbringer market has cooled and I'm just not that interested, so I am switching to my little mage.

2. Its quite variable. At the height only 2k or so per week. Most weeks less than 1k. I don't really make money for the sake of making money. At 15k now I dont see much point of making more money.

3. Not really... See #2 But as of now I still can't afford the gold-sinks.

4. I will probably leveling professions in the next xpac and hopefully use this as seed capital. One thing I've learned in WoW, you need money to make money. I spent my entire fortune on crusader orbs to reap a 2000g profit. And who knows how much things will cost in the next xpac (cataclysm).

5. Yeah I have some nice businesses, when they work it works, but its actual work, ie not fun. That takes a few hours of making and a few days of selling for 1-2 k profit.

6. Can I decrease the time. No not to my knowledge, I can't. The game doesn't allow automation.

7. Not really. I don't depend on fad items to make my gold. I stick with tried and true methods.

8. All the time. Last week. There is always something new to be learned. My colleagues are so much better at making money, that's why I peruse econ blogs and forums regularly.

9. I think its fun, but that's just me. At a certain point the rest of the game is somewhat static. I enjoy 'beating' other people with something of tangible value at stake. Yes, you may have ganked me 10x in BGs, but I just took your last cent from your stupid under-cost auctions.

10. I do what i can herein. Although since nobody reads, I guess my secrets are safe!

Random gold tips

I think with all suggestions it is strongly dependent on your server. On our server for example, dust sells for 5-6g each, and greater cosmic sells for 10g. Heavy borean leather sells for 100g. However, its difficult to move this because it's not used much in high level LW recipes. Nerubian chitin is a different story through.

The two main things that always seem to be true are:

a) fragments will always sell better than wholes (ie motes/primals).

b) Farming up mats, make it into epic stuff that sells regularly is highly likely to be profitable. Nowadays the frozen orb market is crashing pretty fast, those are still used for LW and tailoring enchants.

c) Bidding will work maybe 10% of the time. So what. It usually results in a significant profit for you.

d) Recipes still sell pretty well, its a very steady business.

e) Certain types of cloth are highly profitable. Wool on horde side sells for 10g a stack sometimes. Silk you can't give away. Mageweave is decent. Runecloth is very common (thanks to all the DKs). Netherweave is surprisingly profitable.

You could go to many farming spots at many different levels and grind mobs and make about the same amount of profit, 100-200g per hour.

f) The isle of QS dailies are not to be underestimated, even at 80. An hour or less doing the dailies results in 30-40g from the dailies but more important 3-4 stacks of netherweave, and a bunch of greens.

g) You are always going to do the best with what makes a continual steady profit than looking for that one customer who needs what you can sell for a substatial mark up. For example, some of my enchants that i powerleveled to 450 with still have not been sold, 4 months later. Likewise with the beginner 80 epic pieces. I finally sold my hunter two-piece set. Probably made 600g. But it took a month to sell those things. That cuts into your profit margin substantially.

h) Enchants are a mixed bag. Sometimes you'll get the most money selling the greens. Leveling greens always always sell for 5g if they are useful. Ditch those that have just +spirit or +mp5 or whatever. And sometimes you can DE stuff for profit, like armor at level 74-80 for 10g each. Sometimes you can put those mats on the right enchant scroll and make profit, but many of these scrolls are not valued. Also many of the high end ones need abysal shards. You would be crazy foolish to buy those shards at 100g to put into an enchant ,where the top guilds have stacks and stacks of these in the gbank. You really have to know your customer - top end raiders, to do well in this market.