I'm aware it's a little different bend from my usual rantings, but it's all in an effort to show that with only a little effort any mog addict can turn their passion for fashion into a source of income. I certainly hope it hasn't scared anyone away, as I still love to share all the sets that my friends, acquaintances, and myself make. Speaking of which, I have a few things to share before I delve into the details of the experiment.
I hope you enjoy what I have to share, both in the mogs and in the mog business. Until next time: MOG ALL THE THINGS! :p
10 days with #just20silver
This project, Just 20 Silver, or #just20silver on Twitter, has gotten me all nostalgic for when I first stepped foot off my own server to realms unknown, all for a good mog.
Before we get started, however, I would like to point out a few good places to whet your whistle, and massage your brain:
Vault of Light, by Soco, particularly 20 days of gold making.
Auction House Addict, by Nev Jones, particularly 20 Days of Gold Making - Participants.
Power Word Gold, by Jim Younkin, particularly 25 Gold-Makers On Twitter You Must Follow In 2014.
Manthieus Movies, by Manthieus, particularly Flip of the Week.
WTBGold, by Reckles the Fury Warrior, particularly Are Role-Playing Servers Better For Transmog Sales?
Now that you are warmed up, let us hit this data, hard. :p
First stop on the road to victory: The Undermine Journal.
The tool is free, though I chose to purchase email notifications. You can create an account on The Undermine Journal without paying anything, as well, which you can set up notifications. Visit TheUndermineJournal on Youtube for step by step guides to using this indispensable tool.
"The Usual Suspects" figure is my actual notifications that I set up on day 4 of the experiment. Interestingly, none of the items on my short list came up during the experiment, so far. With the rarity of these items, it isn't really unexpected. Though, zero wasn't a number I was expecting, either.
The "Best Spot to Check First" figure is the Great Deals, Unusual Items, and Battle Pets pages. All 3 places give you a list of steals available, refreshed every hour or so. Not necessarily all transmogrification, but a deal is a deal. Jump on it or lose it. :p
Along with my favorite notifications, I also set up "Unusual Item Notifications" within my user controls. If you are logged in, you can also see them at the bottom of the Unusual Items page. If you can't tell by now, I'm in full disclosure mode, so those are my actual thresholds that I use.
I generally have them disabled on most of my realms, unless I need to generate gold a little quicker. Browsing the individual pages can be just as rewarding. The Great Deals and Battle Pets pages don't have notifications, yet.
A lot of the items that moved quickly were from these pages. Players are usually looking to get a key piece to a set, which I've found to be chests, legs, and shoulders, in that order. I don't have the statistics to back that one up, but I tend to sell with the "I'd mog that." fashionista anima whispering to me. I find it best just to listen to her. :p
As I rolled forward with this experiment, it was shaped around my own availability in mind. I don't get to be online playing much, so I chose death knights as my primary source of the initial funds.
This precluded using the auction house within game, which meant my primary mode of access was the Mobile Armory. You can also access the auction house via the World of Warcraft website. Both are free, with the website option being open to everyone without a smart device.
For those opting to give this challenge a whirl, you can always get a level 1 alt to your favorite city and send them 20 silver. The goal is to make something from next to nothing. Very little risk, a bit of fun, and educational.
If you chose the lowbie alt route, another tool from The Undermine Journal is the in-game tool-tip add-on, which is free as well. Not only do you get all the trends from your own server, but from all of them. This takes a lot of the guess work out of it, since items usually have a nice trend of prices.
Fortunately, a larger population means more customers. According to Realm Pop, Ragnaros Horde has 78,836 players and Ragnaros Alliance has 43,983 players. My prediction, based on the rate of increase, is that I expect Ragaros Horde to continue on a high, jagged slope, which will lead to a gold gap between factions more along the 70:30 ratio of population. At day 10, the total available gold was very close between factions. I get the feeling that Ragnaros can sustain a small business, which I prefer to the larger-scale item selling I have on some realms. Easier to manage while on the road.
Another great feature of Undermine Journal is the seller history pages. (Hint: Everything about Undermine Journal is useful. :p) Below are a pair of images from Raethina's (A) Seller Page, and Raegina's (H) Seller Page. They show the distribution of items, though the page will show you when they post, what they sell, and what they have listed. Really, you can't go wrong by using those pages, both to understand what your selling and to understand what/when your competition posts and sells.
Another change that occurs as my realms mature is a stock divergence, which takes one of two paths: high stock or low stock. Both options give good returns, but require different strategies to make them work. With Ragnaros, I'm planning on running it on low stock, which means liquidating what I have acquired so far and moving into fewer, big-ticket items.
For my play-time, and mobile auction house mini-game playstyle, I prefer my realms with lower stocks, e.g. less than 50 items. Typically my stock sits around around 15 items per faction, per realm. This becomes a necessity, since you get only 200 transactions per day, per account, using the remote auction house. You can imagine 15 items per faction, per realm adds up quickly, especially if you are on a lot of realms.
A distillation process naturally occurs, as I move away from my starter trades. I tend to invest more per item for similar percentage returns, which results in larger gold returns. I'm looking forward to sharing the 20 day and 30 day trends, which should show smaller stock and higher gold trends. We'll see if I can knock my stock down in the coming weeks.
Blow by Blow, Day by Day
Thank you for reading this far! I hope this project inspires you to use your transmogrification skills as a complete trade skill, wherever you may find yourself with 20 silver. :p
First up is Alliance:
Get out there, all you need is 20 silver. Then you, too, can afford the best accouterments, just to MOG ALL THE THINGS! :p