Comments on: WoW March to 1000 Gold: 2nd Podcast, 95s

By: AssaumsKak

AssaumsKak — Sat, 02 Aug 2008 23:35:49 +0000

Thank you

By: Og

Og — Fri, 11 Jan 2008 15:07:22 +0000

My strategy changes depending on where I’m at in creating wealth with a new toon in a new place. Since we’re talking about what I would do in the same situation on day 1, those items I mentioned are my kick-off items to get the kitty growing. Once I get to about 30g or so I’ll start seriously looking at blues.

Still need to make time for the second pod cast - 28 minutes. Jeepers!

By: tyson

tyson — Thu, 10 Jan 2008 23:48:23 +0000

Thanks for sharing your alternate strategy! We definitely agree on “guaranteed” turnover in 24 hours. There’s no real guarantee but that’s what we go on. For me, I target things that have a smaller market (low supply) but a higher demand (the right stats / rarity)… I think that you prefer to target a large market but moderate demand, so my thought is that it nets out and that both work. However without addons, it’s also my thought that the large market items are more work to figure out what to buy and you’ll recieve lower profit unless you buy in bulk, which I can’t afford to do quite yet.

Higher demand but low supply/rare items naturally have better profit margin (exceptions to every rule of course), so I like that aspect as well. Weapons/armor with the right stats are very much in high demand and that’s why I target them first. It’s easy to see if there’s a deal there. If you have an addon, and have it set properly with accurate database, I can see buying large amounts of consumable/trade goods becoming very profitable and I definitely intend to read your guides!

By: Og

Og — Thu, 10 Jan 2008 20:48:56 +0000

Oh, just to clarify my “no toon level requirement” for mats. There definitely are requirements for leveling in professions. I should have rephrased it so that what I meant was that what level requirements there are for professions do not drastically cut down the size of the markets for those goods. Plus the goods in these categories are not restricted to a particular level.

Still not sure if what I’m writing is conveying what I mean, but hopefully you get my drift.

/facepalm

By: Og

Og — Thu, 10 Jan 2008 20:42:14 +0000

Hmmmm, how would I do things differently at this stage…

Weapons and armor are a fickle and a narrow market, heavy on the later part. For example, if you are flipping a level 9 piece of weaponry or armor the only ones who will by it are about the same level as the item and who can use it (there’s a 2-3 level window which is a small slice of your realm demographic).

The key is guaranteed turnover within 12-24 hours. I target items that have a large market with steady demand. To that end, my purchasing decisions early out would have focused in Trade Goods, Consumables and Gems (mats, bufs/enchants and mats/bufs/enchants). Sans add-on I would start looking for deals on the cloths (linen, wool, etc.), metals (ores and bars…primarily copper, silver, bronze), meats (clam, tangy clam, spider), spider’s silk, low-volume healing/mana/defense/swiftness potons, armor kits (anything above light), power-leveling enchanting mats (in small quantities) and mid-level/high demand herbs (briarthorn, swiftthistle, goldthorn, etc.).

The nice thing about mats is that there’s no toon level requirement so the demand is higher (at least that’s how my feable mind justifies it). Since there is usually a lot of competition for these items, and this is where an add-on, like Auctioneer, can help me quickly determine what the best deal is both historically and in relation to the competition.

I would do weapon and armor, but would do it if I couldn’t find anything anywhere else.

I have no doubt you’ll succeed. I’m counting on it! And it will be cool to see it done using a different strategy.

Oh, and watch out for Somone. He’ll keep you on your toes!

/grin

By: tyson

tyson — Thu, 10 Jan 2008 17:46:57 +0000

Thanks, very thoughtful advice! Much appreciated. Will definitely make them shorter, and what’s great is that this is going to evolve to something better thanks to yours and others’ feedback.

As an aside, would be nice to know at some point how you would have started sans an addon. In the 3rd podcast, coming soon, I make mention that I haven’t done the new character thing in probably well over a year, before BC, and that a lot has changed both in economy and with the actual AH, so I’m relearning the no-money march too, but at least I’m sticking with techniques that I’ve tought about. It just takes some creative searching at the beginning :). I think it’s going very well so far as you’ll see in the next couple PC’s.

By: Og

Og — Thu, 10 Jan 2008 15:54:34 +0000

Tyson - Great podcast. Listened to the whole thing. What I liked about the podcast was:

- Your enthusiasm. You’re having fun and it shows.
- The raw, behind-the-scenes thought process on your strategy and buying/pricing decisions.
- The teasers of what’s to come - wheeling and dealing Epics. Woot!
- A different strategy. This early in your journey you’ve made some completely different buying decisions that I would have. Bravo! I’m excited. Even though I think my way is the ONLY right way, life always takes great joy in proving I’m wrong in spectacular ways.
- You’re ability to talk for nearly 50 minutes, off the top of your head, without straying off topic, extensive pauses or an army of Um’s and Uh’s is amazing.

Some opportunities for you to make sure people are getting the most out of it.

- Like others have said, make it shorter. Your podcast should be about 5 minutes long. Maybe 10. Maybe.
- Keep it focused. Most readers will want to know about how to go from 95 silver to the next level. I find the back story, Epic browsing and other stuff interesting but most will get frustrated.
- Don’t recap what you did the day before. Let people know where they can get the series and they’ll catch up themselves.
- Highlight the topics and learning points in your post. People will get more out of the podcast if you set their expectations.

Keep it up. Looking forward for the next one.

And the next.

By: tyson

tyson — Wed, 09 Jan 2008 12:40:18 +0000

Thanks, I think that’s a great idea. At the end of a podcast, I’ll recap the main points and techniques. Finished the 3rd last night but will post it later today and add something. This one is a significantly shorter session.

By: Scott

Scott — Wed, 09 Jan 2008 05:33:32 +0000

So far I’ve enjoyed the podcasts and of course the site in general, keep it up. As far as the “live” question, I do like the “live” feeling, but it may help to have a few bullet points written down ahead of time that you want to hit on as well as a general organization of the ‘cast planned beforehand. i.e. “I want to talk about what sold and what didn’t from my intial auctions, then about scanning for epics, then looking for deals on my 95s budget, then sum up and close.” That might help to cut down on tangents and keep the time lower. Good work, and thanks for all the tips.

By: tyson

tyson — Tue, 08 Jan 2008 22:02:58 +0000

Thanks, appreciate the comments. As for weapon, that was a grey weapon I used to help level up to 10. Would not fork out the cash for a green one unless I planned to level beyond that and/or had another character to lend the money. Would definitely like to hear from others if the “live” thing isn’t working. I can always sum up and that might be better in the long run but I am sure that some of the thought process comments won’t be there as well as I’ll miss some of the teaching. Maybe it’s a good tradeoff though for brevity?

We’ll see. They will likely get much shorter as time passes. This one did have a lot of content.