Friday, June 17, 2011

So long, Azeroth

Obviously, I haven't updated this blog in a while, and I suppose it's finally time to officially say goodbye to it.

The reason I'm giving it up is that I want to spend my time on something a bit more academic. I'm currently an MBA student, and doing some academic work on virtual economics. Starting off with how to make money in WoW seemed like a nice, logical step into the blogging world, but now I'm moving to something broader. For anybody who's interested, the new blog is Virtual World Economics. Thanks for reading, and I hope I've helped some people to make money more easily in WoW.

Monday, January 10, 2011

And I'm broke! A story of riches to rags

I knew that the launch of Cataclysm would be an expensive time for me. I had decided to go for a realm first, mainly just because I'm a sucker for achievements. I ended up getting realm first illustrious enchanter, which cost me something in the neighborhood of 50,000 gold. I also decked out my first level 85 character, my protection warrior, in as much BoE gear as I could find. Despite that, my gold kept going up, because I was making an absolute fortune off of crafted PvP gear and prospected, uncut gems. I think my high point was somewhere in the neighborhood of 300,000 gold. But then I started leveling my other two characters, my mage and my priest, and I started spending on them as well. Long story short, they're both decked out with quite a few BoE epics and they were both close to ilevel 350 right when they hit level 85, but I'm now close to broke. Well, broke might be an understatement, but I have about 40,000 gold left, which is awfully low for me.

Monday, January 3, 2011

Tol Barad changes again, unsurprisingly.

Blizzard appears to have reversed their stance on Tol Barad and nerfed the honor gain for an attack from 1,800 to 360. A quick look around the forums shows that there are all sorts of opinions about this, but what I'm concerned about is how it affects the markets. What I wrote in a previous post about how the Tol Barad changes could be used to make money is now not as relevant, as we won't have huge numbers of players getting 1,800 honor from a win and rushing off to buy, gem, and enchant a piece of PvP gear. So how will these changes play out on the auction house, and how can we use them to make money?

Sunday, January 2, 2011

And now for a change of pace, a guild recruitment post!

Nothing about making gold in this one, but I figure a fair number of people seem to read this site, so maybe it might work out. My guild, Reason of Korgath, is recruiting for a raid group that runs Tues/Wed from 9pm-midnight Pacific time. We'll likely add a third day once we pick up a few more people. If you're looking for a guild, check below the break for more information.

Friday, December 31, 2010

The Tol Barad honor change and how it affects the markets

Tol Barad was recently changed so that the attacking side gains 1800 honor for winning. There is also a borderline exploit where you can stand at the bridge just outside the zone, run in just before the last base is captured, and still get the honor even if you never got the queue for the battle (seriously, go check out that bridge when your faction is attacking, it's hilarious how many people are there). Because of this change, honor is extremely easy to come by, which means the pvp gear you can buy with honor is quickly becoming very common. So how does this affect us as gold-makers?

Tuesday, December 28, 2010

Time is money, friend - your time is valuable, so spend it wisely

And I'm back from Christmas vacation, so blog updates can start again! I hope everybody had a good holiday. :)

Today's topic is the value of your time. People often say things like "well I farmed the mats, so it's free" as they post crafted items for below the cost of materials in the auction house. We know this isn't true, because you could have sold those materials for more than you're selling the crafted the item for. This is what's known as opportunity cost, and it's been blogged about thoroughly, so I won't go over it in detail here. What I want to talk about is the value of time when it comes to making gold and playing the auction house.

Sunday, December 19, 2010

And it's Christmastime!

First it was Cataclysm and now Christmas has snuck up on me. I'm going out of town too visit the family, so the blog is going to be a bit quiet for the next week. But I'll be back after Christmas, I have a lot more to write about. Thanks to everybody who's been reading it so far, it's really great to see people enjoying what I've written, and hopefully some of you have found it useful and profitable.

And remember, the whole reason why I and all of the other WoW gold bloggers out there do this is because it's fun and we like to help people out. We do it for the readers, so if there's anything you'd like to see me write about or any feedback about how I can do a better job of passing along information, please let me know.

Merry Christmas and happy Winter Veil!