Well it has been three weeks since I thought to start gearing up, and my effort to gear up via making a huge pile of cash from the AH is not going well. I’ve increased my gold total by about 3k. Given that the gear I want to buy costs ~60k, I’m a long way short. Only 60 weeks to go at this rate (shudder). I have had some very expensive expenses as I spend gold on mounts, gear changes, glyphs, and all sort of other strange items. In terms of income the figure is more like 5-6k, and I’ve been spendthrift.
You see I’ve not really changed my (poor) analysis methods, or started converting materials into items to re-sell. Part of my hesitation is that I may need some of those materials later, but really it is because I love to horde mats.
I’m a womble at heart.
I’ve looked at the current craftables that are performing well for which I have patterns, and there is money to be made. There is also however a slowly closing window for this opportunity as more players enter the manufacturing market, and the demand drops off as players buy what they need. The real burst time for profit is probably past, and now it is about considering the goal vs the cost.
When I thought that the mats could be redeveloped into around 40k of gold, that meant that I could get a fair way along my goal – which is better gear. But then the gearing through the dailies is reasonable, and the rep rewards are very solid. I think a better approach might be to do the same effort of slowing building a gold base, but spending that gold on rewards that are ever decreasing in cost is not something I want to rush.
e.g. A really smick one handed axe was selling for upward of 35k, and it now sits around 22-28k depending on the day. That is a very large drop in price in a short period.The axe is BoE drop, so there will be more at a steady rate, and the demand will decrease.
So I continue to ponder options and review what items to craft. My mats are steadily increasing and via the odd bargain, some clever use of mats, and some questing I think I can maintain a steady growth of my gold base at around 1k per week – after all the repairs and upgrade costs are included. That is an OK way to play for somebody who only really gets online 2 nights a week.