This week’s economy wrap-up covers the mage tower as well as some of the other new gold making opportunities in World of Warcraft.
The “samadan tsm groups” is an article that discusses the recent changes in World of Warcraft. It also includes a list of all the new gold making opportunities that have been made available to players.
Weekly Economic Update in World of Warcraft Hello! The 207th episode of the WoW Economy Weekly Wrap-up is here!
My name is Samadan, and I’m a content maker that specializes in leveraging Professions and TSM to make money. On YouTube, I have a variety of tutorials, and I also broadcast my trips on Twitch.
Because I won’t be able to broadcast the blog this week, I’ve pre-recorded my analysis, as well as what’s been selling for me and a thank-you note.
The Mage Tower event has been an excellent demonstration of the gold-making economy in action, with supply and demand cooperating to move money from one player to another. The surge in interest in a variety of old world profession objects resulted in a massive increase in demand for manufacture. This, in turn, has resulted in a demand for the agricultural products used to create those things, resulting in a price rise as supply and demand balance out and then get fed up the chain to the final buyer.
As a crafter, it’s been amazing to be a part of, and it’s one of the primary reasons I like gold manufacturing so much!
There are lots of possibilities for individuals wishing to earn some money during the Mage Tower event…
- With Ghost Iron Bars and Windwool Cloth, Pandaria engineering creates Ghost Iron Dragonling, which can be utilized by any characters, even non-engineers.
- It creates at ilvl 39, but you can make it ilvl 54 by using a Relic of the Past V (taught by trainers) thus it scales down to 50 in the dungeon.
- It contains three “cogwheel sockets” that only accept tinker’s gears, are likewise engineered, and only take two Ghost Iron Bars per craft. You may have two haste gems by having a Quick and a Precise because of the way Blizz “squished secondaries.” As a result, you may obtain 24 of one secondary and 12 of another.
- Beyond the cogwheels, it has no stats, but it has a proc that summons a dragonling to battle beside you for 20 seconds.
- The dragonling proc is quite strong and causes a lot of damage. It accounts for roughly 10% of my total damage in my DPS towers, and 20% of my damage in the latter phase of my healing mage tower.
The only thing preventing this from being very popular is a lack of understanding of the larger playerbase. It could be beneficial to “get the word out” and sell these goods yourself on your server.
This is a fantastic event for both gamers and gold producers, and it’s just in time for the holidays!
Good day, everyone!
For New Gold Makers, I wanted to respond to a frequently asked question. So I’ve spent some time developing what I believe are a few sound concepts that might assist newcomers to the gold-mining industry.
I’ve taken the effort to produce a video in case you don’t want to read this, and it’s already in the WorthIt Guides section.
Overview of the Post:
I hope this has been of some assistance:)
The Cycle (#1)
When it comes to marketplaces in games, there is always a cycle that occurs. This might be due to a variety of circumstances, such as increased sales of Gear and Raiding Supplies owing to influxes of various things or patch updates.
One thing is certain: markets nearly always experience a peak and subsequently a trough. Take, for example, a patch release. When a patch is released, the norm is that raiding supplies sell out quickly.
This is due to the user base wanting to get their serfs ready for when the next amount of content goes live in order to do, but after the release, you will see a stable sell rate of those particular types of items and then a reduction in supply. This can be due to the demand for those items being met by multiple gold makers and once enough makers enter that market, the supply will decrease. As the supply begins to drive down the price, the supply will decrease as profit margins decrease, resulting in fewer individuals starting to create them.
As a result, we will witness a peak in sales and profit around the time of the release, followed by a continuous fall until those elements return to a steady pace until the next content release. The key is to remain in such markets throughout in order to capture the highs and sustain a consistent return when the market corrects.
There is always one thing you can do as a gold maker to create gold today and in the future. This is what it means to be consistent in your actions.
This is often where younger gold producers fall short, but if you look at the best producers, you’ll see a pattern in what they do, and that pattern is consistency.
They may maintain a consistent return by selecting a technique (usually Crafting) and repeating it every day.
This is to expand on the idea mentioned in “The Cycle,” which is that keeping persistent in your chosen market and repeating the process, catching the highs and lows, will offer you a significant return in the amount you get over time.
This is true whether you’ll be farming an item for an hour each day or making products to sell for a profit. The same can be said about the fact that it is a repeatable procedure that will provide long-term benefits in the future.
It’s coming up with a method that works for you and sticking to it by repeating those activities every day in order to get a better result in the future.
3. Being aware of one’s market
New Gold Makers often make the mistake of entering a market they are unfamiliar with. This might mean either jumping on a bandwagon for a fast profit or losing money because they caught the tail end of a high.
Though it is occasionally OK to jump into trends if you do so early enough in the long run, you must understand that it will not be sustainable in the long run and will therefore result in a cycle.
Knowing your market will allow you to have a better grasp of the cycles that occur, allowing you to either raise supply to satisfy demand on the auction house or decrease supply when it reaches a low point.
To understand your market, you must first enter it; as a result, learning and determining when these cycles occur will take time.
So, in essence, you’ll need to choose a market for yourself and then stick to it over time to learn how it works, or you can conduct some research into other gold marks’ procedures and what they’ve learnt to get a head start and know what to watch out for.
4. Don’t Let Gold Go to Waste
Although this is a more generic phrase, it serves a function. “Don’t Loose Gold” means that no matter what market, method, or system you use to make gold now or in the future, you should try to avoid losing any gold.
Though some people are perplexed by the concept of paying gold to invest in crafts, the procedure remains the same.
You constantly want to earn money in order to make gold.
For example, cultivating resources and selling them on the auction house might be seen as spending time in acquiring the things and then converting that time into gold.
“Did I receive the greatest return on my time?” is the question to ask. This is a basic question, but it is important in terms of determining if you got the most for your money, whether it was time or gold.
This is why a lot of higher end gold manufacturers choose crafting over farming: it has a greater barrier of entry at first, but after you break into the market, you can save time by reinvesting the first gold to generate more gold since making takes less time than farming.
Farming will offer you a good return if you chose your farm well, but reinvesting your gold to generate more gold and conserving time will allow you to accomplish more and will give you a greater Return on Investment than other long-term strategies.
5. Focus on the Long Term Rather Than the Short Term
This is something that I believe is often overlooked, and it is a concept that should be remembered at all times.
Let’s say you’re cultivating anything for an hour at a time. While this may be advantageous in the short term since materials sell quickly and provide a high return, where will your supply remain after it has been sold? So you’ll have to farm for another hour.
Take, for example, using that money to make raiding potions; you know they sell well and have a decent profit margin, but they are still less profitable than the farm.
Though the profit is lower than the farm, it takes less time to complete and relist on the auction house for sales, which adds up over time and can be easily repeated.
Whereas with farming, you must sacrifice more time for those resources, and therefore, in the long run, you will have to spend more time in farming, and your return will be depending on how much you can farm per hour, as opposed to potions, where you can just reinvest your gold for a return.
It’s always about long-term thinking and methods that will help you win in the long run, so I’ll leave you with this: keep it simple, repeatable, and lucrative, and you’ll win in the long run.
We may look at it as such to make it as easy as possible.
JonisDala on Twitter
If you have any questions, please feel free to ask them (either here, on Twitter, or on Discord), and if you have any other ideas, please let me know:)
Have a good day and make plenty of gold!!
Dala Dala Dala Dala Dala Dal (Jon)
Thank you for the article, Jon; you can see a lot of these ideas in action right now with the Mage Tower and how supply and demand interact.
Keeping with the concept of understanding your market and planning ahead, the Lazy Goldmaker offers some excellent suggestions for what to do now, as patch 9.2 approaches.
Things to acquire today that are expected to increase in value when gamers migrate away from presently popular places, as well as looking at new products and what resources they could need, and betting on demand, are all discussed. I strongly recommend watching it and prepping now since he has some fascinating views about Legendaries and materials.
Of course, no blog would be complete without a Manthieus video, and he does not disappoint this week. A video on the seasonal mount Minion of Grumpus may be seen here…
As this will be my last blog post for 2021, I’d want to thank everyone who has read these postings over the past year, as well as Wowhead for enabling me to share my tiny part of the internet with you.
Thank you to the /r/woweconomy subreddit and all the gamers and gold creators who generously give their time and expertise.
This is the most kind and inclusive group I’ve ever encountered, and I wish you all the best throughout the holidays, and may your year 2022 be loaded with gold!!
Watch This Video-
The “precious bloodthorn loop” is a new feature that was released in the recent patch. It allows players to collect a lot of gold from monsters. This can be done by killing them with a special attack, or by picking up their drops.
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