As I'm getting ready for Turkey day this week, it brings to mind a lot of things. Family, friends, people I've known over the years and people that hopefully I will get to know in the future.
This includes people who may have never thought about the opportunities of making gold in World of Warcraft. Many times a week I receive a letter asking me to help them make gold. As always my first question is what are you currently doing now to make gold.
Very rarely do I hear someone start off with saying flipping items from the auction house. Somehow I think this is because the art of flipping for profit has gained this mystique of difficulty. That there is a minimum amount that has to be gained before it's a legitimate money making operation.
Nothing is farther from the truth that the idea that you have to buy a 10,000g item and flip it for 20,000g. Where that is a nice tidy sum and fully possible, many players just getting into making gold don't have that amount to spend. The range of people asking for my advice and help range from having 2,000g all the way up to 10,000g or more. Obviously a 10,000g item would be way beyond their means. But there are plenty of items in the 50-100g range that just cry to be bought and flipped.
Profit is profit no matter how much or how little. Buying 10 items at 100g and flipping them up to 200g nets a nice 1000g profit. Even if you have to list them 4-5 times you still will end up making a profit. Later on as your wealth grows, then you will be able to add larger and larger items.
I've always considered 20% to be a good line for profit margins. But doubling your money even on the small items can add up quickly.
Flipping items is not a mystery, it is a very easy concept to use to add to your money stash. Whether big or small, it all adds up in the end.
Good Luck and Good Hunting
Want to get in contact with me? . Email me at Dragonbearjoe @ gmail. dOT com or find me on twitter at "@JMTCMommar" You can find me hanging out on the Shandris Server, chat me up and I will buy you a glass of juice.
Kyparite New Pyrite
Pilgrim's Bounty For The Educated
Is Your Cartel Happy?
Brawlers Guild: Your Killing Us Here
Change of Scenery
Mists of Pandaria in 5 words
Prepping For The Future
Eyes On The Prize
Pattern Farming With Your Jewelcrafter
Lorewalker This Way
Brawlers Guild Blues
Prioritizing Your Daily Quests
BMAH Strikes Back
Trick or Treat JMTC Style
For Whom Does The Songbell Toll
To Level 90 and Beyond
Tales of a Gold Goblin Bully
Chess Pieces Taking The Field
There’s a lot of information to sort through when bidding, buying, or posting items on the auction house. In fact it’s too much for any one ...
Engineers have always been on the short end of the stick when it comes to gold making. During the burning crusade and wrath expansions...
This post was submitted by Alisha as her application to write here at JMTC. If you enjoyed Alisha's post then please give her a thumbs u...
Ok so I don't always buy my alts the best gear in the world... I decided to finally sit down and write about the top ten items I see ri...
Cataclysm is here, and so are the new "eternals". People have been asking, what are the best spots to farm Volatiles? If you don...
Of all my posts at Just My Two Copper , I think that this farming spot is going to excite my hunter readers the most. In this article I am ...
Hey Markco, Just wanted to tell you another gold tip. With patch 3.1 the JC pattern Citrine Ring Of Rapid Healing no longer requires 2 elem...
PCT means percentage or percentage market value for an item. After you have scanned with auctioneer enough you will have an accurate PCT for...
Everytime I think about the idea of having to 'farm' an item I cringe inside. Mindless hours of running from mob to mob killi...
You should reset the data of your addons once in a while. Why? Things get outdated, their prices change and after a while you'll look at...