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Showing posts with label jewelcrafting. Show all posts
Showing posts with label jewelcrafting. Show all posts

Friday, December 31, 2010

Post-Cataclysm gold tips

This post is a follow-up to My Cataclysm gold strategy and is also written in response to Marcko's (of Justmytwocopper) blogging carnival challenge.

My gold-making tips this time are also restricted to certain professions, namely gathering (mining and herbalism, inscription and jewelcrafting).


For Miners/Herbalists

During the first week or so of Cataclysm I concentrated mostly on mining/herbing in the new areas and simply selling the mats on the auction house, plus some inscription on the side. These alone netted over 100K gold in a little more over a week.

Gathering allowed me to discover and explore the new areas, while at the same time making a lot of gold in the process. The XP from mining/herbing nodes is also nothing to sneeze at.

While prices for the new herbs and bars have stabilized to an extent and are even decreasing, I feel that it is still worth it to farm mats because there's still a long way to go before prices will hit Wrath levels. If you don't find farming boring, then I advise you to keep at it, at least for another couple of weeks. Sell, sell, sell everthing you find and resist the urge to use those mats to level your own professions. Remember, opportunity cost.


For Scribes/Inscriptionists/Inscribers/Inscriptors/...

Personally I have shifted away from farming to an equally (or even more so) profitable endeavor. Namely inscription. I guess I was running out of interesting podcasts to listen to while farming but I think the biggest factor was time. Even if I don't make as much gold in a day from inscription compared to farming, I believe that the gold per hour from crafting glyphs is a lot more than from farming.

Glyphs are still hot-selling items despite the fact that they are now learn-once-use-many. The most expensive seem to be the ones crafted from Ethereal Ink (Outland herbs) and Ink of the Sea (Northrend herbs).

While Ethereal Ink is very expensive (and so are Outland herbs), that's not the case with Wrath herbs and Ink of the Sea. I can still find cheap inks and herbs which I mill and convert to inks.

As for the lower level inks, I like to buy cheap herbs (there's plenty of them now that most new scribes have finished leveling) and just convert them to inks. It is folly to exchange Blackfallow Ink for lower quality inks at the moment due to the fact that this new ink is extremely expensive.

So I won't bother with anything crafted from Blackfallow Ink or Ethereal Ink for now. In a couple of days my worgen druid will reach Outland and he's a herbalist so I will use him to gather some herbs (for both XP and mats) but until then I'm sticking with the other inks.

My strategy is to use Auction Profit Master to scan the AH for glyphs, once a day. I will create a list with just 1 glyph of anything that sells for at least 60G. Then I will craft and post, just once per day with a 12 hour duration. On weekends I'll post/cancel/re-post 2 or 3 times but I won't bother on weekdays. Usually the next day I'll find that about half of my glyphs have sold. The cool thing is that on weekdays I don't have to cancel the glyphs. By posting them at "rush-hour", i.e. in the evening with a 12 hour duration, they will expire on their own some time the next day while I'm at work.

I also keep a list of glyphs that have sold along with the price they sold at. You don't have to do that but it allows me to tell at a glance which glyphs are holding their price and which can be crafted more than once. Speaking of which, I prefer to craft 1 of each because prices are somewhat volatile for certain glyphs and I want to minimize risk as much as possible because mats are now more expensive than they were. Also, posting 1 glyph allows me to work under the radar of the big sellers.

Currently, I make 1000-2000 gold from inscription daily, without trying too hard and just posting once per day. If I get more into it (more frequent scans/posts/re-posts), I can make more. The other night I made almost 4K simply by resetting my crafting queue and creating a new one. Total work: about 30 minutes.

My "secret", if you can call it that, is that most of the inscription work I do is AFK. Look for a future post on the subject but there are too many details to get into and now's not the time. It shouldn't be too hard to figure out how to do it though.


For Jewelcrafters

If you are a jewelcrafter, these teeny-tiny tips might benefit you. After Cataclysm I've noticed that 2 items are continuing to sell very well and in fact the demand for them seems higher than in Wrath BUT the supply is much lower. I'm talking about Nightmare Tear and Enchanted Pearl.

Nightmare Tear is crafted from 1x Dragon's Eye + 5x Infinite Dust. As a jewelcrafter you should do your daily Dalaran JC quest, unless it's a pain in the ass to get to Dalaran. My JC is posted in Dalaran and I do that quest every day. The green Wrath gems can be bought cheaply from the AH. Infinite Dust on my server is about 2G a piece or less. Dragon's Eyes vary in price but they can be anywhere between 40G-100G.

Simply by buying my mats off the AH, I can create a Nightmare Tear for a cost of around 100G and I can sell it for 200G. They seem to be selling as soon as I post them.

Enchanted Pearls are another under-the-radar item. They too are prismatic gems but they cost much less to craft and are thus less risky than Nightmare Tears. They only require 1x Northsea Pearl ( < 1G on my server) and 1x Infinite Dust. I like to sell them for 15G-30G.

One other tip is this: if you can find someone dumping cheap Enchanted Pearls on the AH, snatch them and re-post at the "correct" price. The other night someone had posted a dozen of them at under 2G a piece. I grabbed them all, then re-posted at 30G apiece. In a couple of hours 4 of them had sold.


For everyone else

For the rest of us, you can try selling Vanishing Powder and Dust of Disappearance which can both be bought from the inscription supplies vendor. There are lots of foolish/lazy/ignorant people out there who buy these for a premium from the AH instead of getting them from the vendor.

As an example, I buy Vanishing Powder for 35 silver for 5 pieces and sell them for 75 silver apiece. Dust of Disappearance is even better, though it is a higher risk item. I buy mine for 10G apiece and sell them for 15-30G apiece. Hefty profits right there.


The End

As you can see, my post-Cataclysm gold-making strategies are mostly based around certain professions but let's face it: having access to a high-level profession opens up your horizons and gold-making opportunities by a lot. Even if it's hard for someone to fully level a crafting profession, there's no excuse not to have at least one gathering skill, if not two. And even then, you can still do some "auction house PvP" and flip a few items around. Bottom line is: with or without professions, to make gold in WoW, some work is involved!

Thursday, November 25, 2010

My Cataclysm gold strategy

I'm not one of the big gold-making sharks, nonetheless I have made a few preparations for Cataclysm and hopefully my gold reserves will increase by a decent amount during the first few weeks of the expansion. To be honest I'm not dedicated 100% to making gold because I've got plenty for now and I would also like to actually play the game the way it is meant to be played.

For Cataclysm I would like to try something new. It remains to be seen if my experience and observations will give good results (or not). My strategy is not overly complicated and is made up of several pieces. Here they are.

Glyphs

As always, glyphs remain my main source of income. When patch 4.0.1 was released I made several mistakes mostly due to my not reading the patch notes very carefully. The biggest mistake was that I didn't realize that glyphs would require 3 inks instead of 1. I had a few hundred inks stocked up but it wasn't nearly enough to make lots of gold. In retrospect, I should have crafted the most popular glyphs in advance and stocked them before the patch. Instead, I did all my crafting post-patch which was another big mistake.

This time, I've hopefully wised up and I've been buying cheap herbs off the auction house for a while, milling and converting them into inks whenever I got the chance. By "cheap" I mean anything that goes for 15 gold or less per stack. A stack of herbs produces about 2 glyphs so my costs are around 8G per glyph. For such a major patch I'm expecting glyphs to sell for tens of gold each so my profits should be proportional.

Another strategy that I'm applying here is this. Due to not having enough ink to craft 10 or even 20 of all the glyphs in the game, I've had to narrow things down to just the most popular glyphs. To find out which ones are the most popular I've headed to wowpopular.com and made a list in Excel with the top glyphs for every class.

Even narrowing down the glyphs to the most popular I still don't have enough ink so I've decided to craft only 5 of each. This also serves to spread out the risk because if a glyph drops down a lot in price I should still have a variety of other glyphs to fall back on. Having 5 of each should also help me to clear my stocks quickly. At the moment of writing this I have already crafted 400 glyps (that's 80 different glyphs, 5 of each) and have ink for another 200 or so.

I'm planning to list my glyphs on the auction house the night before Cataclysm is released, with a 24 hour timer. I haven't used this method before so I don't know what will happen but hey, even if I sell all my glyphs at a loss I won't end up on the streets (of Stormwind). Profit comes with risk.

As I write this paragraph, it is now post-patch 4.0.3a. This means The Shattering has happened and new race-class combinations have been enabled. I applied the strategy outlined above and listed all my glyphs with a 24-hour period but unfortunately I haven't sold a lot. What I did sell made me a nice profit. From about a dozen glyphs sold (perhaps even less), I made 1000 gold by selling each glyph for about 80-90 gold each. Not too shabby. On the other hand I'm still left with a lot of stock. The sad truth is that people are still willing to undercut glyphs to the ground, despite glyphs now requiring 3 inks and not being able to buy lower level inks with Ink of the Sea. I will maintain my position though and hope that Cataclysm will bring a lot more customers. At any rate, I don't believe I'll be losing money on this, on the contrary. It's just that this is probably the last time I will be selling glyphs en masse because it is simply not worth the time investment anymore.


Saronite

My next strategy is something that I've been preparing for a very long time. I've been buying cheap Saronite Ore from the AH whenever the price was right. This one is a 100% safe investment because I've purchased the ore below vendor price for the bars. This, for me, is 60 silver a piece, or 12 gold a stack of ore. Converting the ore into bars results in a cost of 1.2 gold per bar and Saronite Bars will vendor for 1.25 gold.

I now have several hundred stacks of ore. I haven't bought this ore to vendor it. Instead, I've stockpiled it in the hopes that people will need lots of Saronite Bars to level Engineering, Blacksmithing and Jewelcrafting. You literally need hundreds of bars for these professions.

As I write this, once again, it is post-patch 4.0.3a. Demand for Saronite Bars has suddenly skyrocketed and I'm selling bars for between 2+ gold each up to 7+ gold each. Just a while ago I sold a whole stack of individual bars for over 7 gold a piece. Wait, scratch that. My 7+ bars are selling like crazy so now I've upped the price to 10+ a bar. Compared to how much I paid for the ore, I've made between 500% and 800% profit on these bars.

With Cataclysm, I'm expecting the demand for Saronite Bars to grow because fewer people will be farming it and there will be all these new characters who will want to level their professions. As such, this seems like a very good investment.

Adamantite Ore

I have also been buying some cheap Adamantite Ore so that I can prospect it for Adamantite Powder which can be used to create Mercurial Adamantite which is used by Jewelcrafters to level their profession. Now this has been a bit of a gamble because so far I haven't had much success selling the Mercurial Adamantite. It remains to be seen if Cataclysm will change this.

Farming

My favorite strategy will be farming. It may not be the most efficient in terms of gold per hour but for me farming is fun. I'm talking especially about mining and herbalism. In Cataclysm (if previous expansions are an indicator) there will be huge initial demand for the new types of ore and herbs. I plan to spend most of my time during the first couple of weeks simply flying around the new areas and farming stuff.

Farming is not for everyone. Some people despise it because they claim there are better ways in which to make gold. That may be true but for me farming is exciting. I love flying around and the new areas especially will make this sweeter. I love it when a node pops on my radar and I swoop down to claim it. There's always the thrill of discovery when a node yields a bonus such as a rare gem or herb.

So for me farming is therapeutic. It is also fortunate that my Hunter is a miner and my Priest is a herbalist. These are the 2 characters that I would like to level to 85 first. While farming I will be queuing up for the new dungeons. This way I can both make gold and level at the same time.

I won't be using any of the farmed mats myself to level my own professions unless I need them for some cool new crafted item. Looking back to previous expansions, this seems like the smart thing to do. Initial demand for these mats is incredibly high and supply is scarce because most people are concentrating on leveling and not farming. Later, when things have settled down and everyone has leveled their main, mats will drop down in price a lot. That will be the time to buy cheap mats from the auction house and level my own professions.

Conclusion

As you can see, these aren't extremely complicated strategies and I don't plan to agonize day and night about ways in which to make even more gold. What all these methods do have in common is that they require professions in order to work. There's Inscription, Jewelcrafting, Alchemy, Mining and Herbalism.

The truth is that although one can make gold without any profession, having one or two of them maxed out helps a great deal. Personally I have all professions maxed and this has helped me a lot because they are all inter-dependent and synergistic. Besides, you can easily swallow the cost of crafting one thing or another, especially if you can do it afk.

My advice is not to lose a lot of sleep over how much gold you will actually make at the start of Cataclysm. The true gurus will undoubtedly make hundreds of thousands of gold each. Personally I'll be content if I can make more than I would on a normal day, while having fun at the same time.

Note: This article was featured on JustMyTwoCopper's blog carnival for November.

Sunday, January 10, 2010

Dalaran jewelcrafting dailies quest locations

As promised yesterday in my Jewelcrafting 450 article, today I'm gonna show you where I go to get the items required for the Dalaran Jewelcrafting dailies.

Let's not forget that in order to really master this profession, you will need to learn patterns bought with Dalaran's Jewelcrafter's Tokens which can be gained at a rate of one per day from the daily quests provided by Timothy Jones, the trainer in Dalaran. You can also buy pattern from reputation vendors but that's another story and I won't be doing that with my Warlock.

What follows is a list of the random quests that the guy offers. There are 6 of them and each is based on the same idea: it sends you to one of 3 zones to kill a certain type of creature which drops the item required to craft your quest item. In addition to the dropped item, you will also need 2 types of green gems.

Icecrown

Shipment: Blood Jade Amulet
The Blood Jade Amulet requies 1 Vrykul Amulet, 1 Dark Jade and 1 Bloodstone. The amulet can be found on "any Northrend Vrykul". The best spot I found for this is in Ymirheim (around 56,55 if you have coords), which is right in the middle of Icecrown. It's a very short flight from Dalaran. Just kill any of the Vrykul in the area.

Shipment: Shifting Sun Curio
The Shifting Sun Curio requres 1 Scouge Curio, 1 Sun Crystal and 1 Shadow Crystal. The Scourge Curio drops from "any Northrend Scourge". The best spot I found for this one is at around 72,64 in an area called The Broken Front. Kill the abominations in the area. The thing about Icecrown and Scourge is that Icecrown is heavily phased. My warlock hasn't completed many of the quests there so he isn't able to "see" Scourge as he should. For that reason, I found this spot that doesn't seem to be phased.


Dragonblight

Shipment: Bright Armor Relic
Bright Armor Relic requires an Elemental Armor Scrap which drops from the revenants that are found in a small frozen lake with a large skeleton in the middle of it, at 72,39, as well as 1 Bloostone and 1 Huge Citrine.


Storm Peaks

Shipment: Glowing Ivory Figurine
A Glowing Ivory Figurine requires 1 Northern Ivory, 1 Chalcedony and 1 Shadow Crystal. The ivory drops from mammoths but the only ones that seem to drop it (for me, at least) are the ones at the Eastern extremity of Storm Peaks, around an area called Temple of Life at 64,45. I have tried mammoths closer to Dalaran but they never dropped anything, although Blizzard's quest tips indicate that they do.

Shipment: Intricate Bone Figurine
The Intricate Bone Figurine requires 1 Proto Dragon Bone, 1 Chalcedony and 1 Dark Jade. The closest location I've found for these dragons is above Brunnhildar Village at 49,60. You'll even find a nest with 3-4 hatchlings that have very little health. Also check some of the surrounding peaks for mature dragons.

Shipment: Wicked Sun Brooch
Finally, for a Wicked Sun Brooch you will need an Iron Dwarf Brooch, 1 Huge Citrine and 1 Sun Crystal. You can fing the brooch on Iron Dwarves and there's plenty of them in a cave slightly north of Frosthold, at around 27,67.


Please bear in mind that these are the quickest locations I could find. There may be closer ones, in which case let me know. The farthest one is the one at the Eastern edge of Storm Peaks but I typically reach all locations by flying on my slow carpet. I will just set my Warlock to auto-pilot and go do something else in the meantime. One other thing: these quests are quick because you typically only need to kill 2-3 mobs before your item drops. Sometimes it even drops on the first kill.

If you have found better locations, don't hesitate to let me know!

Saturday, January 9, 2010

Jewelcrafting 450

This article is long overdue. I have mastered (though "mastered" is a relative term in this case) Jewelcrafting on my Warlock almost two months ago. Every time I wanted to write about it, I got caught up in other articles and more recently I've been "guilty" of enjoying the new Dungeon Finder tool and blogging about it.

Dear WoW players, if you have several alts, especially high level ones, or plan to have several alts, my suggestion is to learn all the tradeskill professions in the game. I suggest you do that even if you won't immediately make a lot of gold from them. Once you reach a certain level of "wealth", meaning a few tens of thousands of gold, or even a few thousand gold, a very good investment for the future is to learn a profession.

Maybe a year ago I decided to learn Jewelcrafting on my young Warlock but then I gave up and got Herbalism instead. That wasn't such a big mistake because I am of the opinion that the best professions for a leveling character are gathering skills. That's because a leveling toon doesn't have access to the highest level of recipes and patterns anyway, while they can always gather mats through the areas they are questing, both for profit or for use in another profession.

My Warlock had Tailoring and Herbalism when he reached level 80 and then I parked him in Dalaran, un-learned Herbalism and taught him Jewelcrafting. When you're 80 it's almost trivial to power-level a profession, especially when gold is of no concern.

To level Jewelcrafting to 450 quickly, I used this guide. There are probably others out there but the guides I found on this site have always been helpful to me. Some of you might recall my Engineering 450 article. Engineering was a surprisingly cheap and quick profession to level, despite claims to the contrary. It cost me about 1500 gold. Jewelcrafting, in contrast, is at least double that. It requires a lot of costly mats but you can diminish some of the pain by planning accordingly.

Since I like to plan my moves ahead of time, I knew I would power-level Jewelcrafting once I hit 80, so I made a list of mats I needed and I watched them on the Auction House for at least a month, always buying the cheapest ones. I calculated the average price for leveling Jewelcrafting at about 4200 gold but I believe it cost me less than that, perhaps around 3000. At any rate, cost wasn't of great importance, though I realize that other players won't feel the same. If it is any consolation to you, consider that you can recuperate some of the cost by selling the crafted items on the AH.

I won't take you through every little detail of leveling Jewelcrafting. At various points you might find yourself running out of certain mats if you follow the guide. That's why it's a good idea to have a little bit more than the minimum required.

I would suggest you get all the required mats before starting to level, or at least 80-90% of them. Keep in mind that if you do that, you will require a lot of space. You could get special Jewelcrafter's bags or you could use your bank for storage. Since I have a full 6-tab guild bank and also all bag slots on my bank alt, I didn't have a problem here, though I still got close to capacity with all the stuff I had in there.

Once I had all the mats, I used my bank alt to mail them in stages to my Warlock. I found that easier to do than grabbing them from the guild bank, because I could mail the crafted mats back to my bank alt. For some reason I find it easier to grab items from the mailbox than from the bank. Your opinion might differ.

Getting to 450 is only a small part of being able to call yourself a true Master of Jewelcrafting. That's because the most powerful patterns will only be available after weeks and weeks of "studying", or rather doing the Jewelcrafting dailies in Dalaran.

Once you get to 440, the going will be slow, but it needn't be. There are 2 main options here to get you to 450:
  1. Cut your daily Icy Prism
  2. Cut metas
The Icy Prism is a good bet because it stays yellow until 450, so at a minimum you will need 10 days to get there. I suggest you purchase the cheapest mats you can find, for the Icy Prism, and get large quantities of them, especially when you can find them under market price. Luckily, Frozen Orbs, which used to be the most expensive component until recently, have plummeted in value thanks to patch 3.3 and the Dungeon Finder tool. Paradoxically, the regular green gems will be more expensive than the Orbs due to the fact that there's high demand for them because of the Jewelcrafting dailies. So why would you want to craft Icy Prisms? Because they give you a few blue gems and occasionally a purple gem or a Dragon's Eye. These are expensive gems and even more so when cut. Even if sometimes the Icy Prism gives you a couple of crappy gems, it will also give you the more valuable ones such as in the end you'll be at a profit.

The 2 metas that I have learned to cut are Ember Skyflare Diamond and Relentless Earthsiege Diamond. Both of these recipes however require 5 Dalaran Jewelcrafter's Tokens each, meaning about 10 days of doing dailies before they can be acquired. You will be able to get a few extra tokens from one or two quests at the beginning but that's about it. Once you can craft these metas, you'll be making your first profits with Jewelcrafting.

To give you an example, on my server I can buy Skyflare Diamonds for 30 gold or less, cut them, and sell the meta for about 50 gold. I will buy Earthsiege Diamonds for the same price but they usually go for more, around 60 gold. These two metas seem to be some of the most popular ones, so I haven't bothered learning other patterns. It so happens that the Relentless Earthsiege Diamond is also the best meta for a DPS class, such as my Hunter.

I like doing the Jewelcrafting dailies. Each daily will give you 1 Dalaran Jewelcrafter's Token that you can use to purchase some of the most powerful patterns. You can also buy other powerful patterns from the various Northrend factions but I won't be doing that with my Warlock since I just parked him in Dalaran until the next expansion. If you can become exalted with a few factions, more power to you.

The dailies will take you to a few areas: Icecrown, Dragonblight or Storm Peaks. In another article I will show you exact locations where I go to find the required item for the quest. In essence, each of these quests will require you to go to a certain zone and get a certain item that drops on certain mobs. Then combine that item with a couple of green gems and you get your quest item which you then turn in. I love these dailies because they are quick and Tokens are at a premium since most patterns require 4, 5 or 6 Tokens.

Once you have your first tokens, the question is what to buy with them first of all. I would suggest to spend them on one of the two metas that I presented above, or both. It also depends what your Jewelcrafting goals are. If you just want to make gold, research which cut gems sell for the most amount and learn those. On the other hand, you might want to cut gems for your own characters, in which case your profession will take a slightly different direction. In this case, try to figure out which gems are the most important for you, which give you the best stats. Cut those.

Don't make the same mistake I did. As a noobish Jewelcrafter I jumped at the chance to buy a profession specific epic gem, blinded by the fact that it only cost 2 tokens. I then realized that the gem was BoP and only my Warlock could equip it. Unfortunately I had grabbed an Attack Power gem, which is totally useless for a spellcaster. Oh well, live and learn.

Since I had accumulated a whole bunch of raw blue gems prior to my Jewelcrafting career, the first patterns I purchased with my tokens were for gems that I could sell at a profit. I only learned one of each color, except purple. Here's what I have been selling since then, at a profit:
These are the gems that sell for a profit on my server. The profit is not a lot and the AH deposit fees are pretty high, nonetheless I managed to sell dozens of them, one at a time.

Later in my Jewelcrafting career I started to need epic cuts for my Hunter who had acquired some shiny new epics from running random heroics. Thus, I bought some epic patterns so I could cut all the gems I needed for this character. Luckily, I could fill almost all my needs with a few cuts. Here they are:
As you can see, there's not much wiggle room when selling cut gems, and margins are tight. Selling a cut gem can be risky and there are many competitors, constantly undercutting each other. I only post 1 gem at a time and check occasionally if it was undercut. Then I will post another, undercutting by 1c. If some people decide to sell under my cost, I will stop selling until prices jump back up.

Jewelcrafting is not a huge gold-maker for me. It is highly stressful to me due to the huge AH deposit costs. Very often, gems will return unsold. What I sell the most are the two metas and Nightmare Tears, although people tend to bring prices to the ground. For veteran Jewelcrafters, this profession has been a gold mine. It is said that it is second best at making gold after Inscription. It might well be, but as far as I'm concerned, I'm taking it easy. I find it useful because I can cut my own gems and I can sell the surplus for a small profit. I can also prospect ore that I get from my Hunter who's a Miner. My Hunter also supplies various green and blue gems that he mines from nodes.

Most of all, I have learned this profession to complement all the others. I believe that as someone who has several alts, including 4 level 80s, it is a very good business practice to have all the professions at max level. There are synergies between all professions and it pays off in the end to have them all maxed out.

Coming up in the next article: locations where you can find the required items for the Dalaran Jewelcrafting dailies.