This post is part two of my series showing what you can do with your money. This post will not focus on the up and coming auctioneer, but on one that has already found a niche or a market that is doing well for them. So for the sake of argument, today we will pretend that the following is true: you do not have to farm anymore, you have at least one market that you have a solid grasp on, you want to make more gold because...MOAR! Ok now that's out of the way, here's a few things you can do with 5k gold to turn it into more.
The first thing I would recommend is creating a massive stockpile of your current market. If it's something like enchanting, jc, or glyphs, you can easily drop 5k on a month or two worth of mats. This will give you a nice bit of personal freedom since you won't have to scan daily for good deals.
Perhaps you've taken my advice already and have a sizable stockpile of materials and want to be a bit more adventurous. Why not take that money and venture into a whole different market? It's risky, dangerous, and fun! It almost feels like you're the first person doing it ever in the history of WoW. Not true of course but doesn't change how exciting it can be, especially when it turns out to be a big success. Every market can be gotten into slowly no matter how big it might be. The only thing to keep in mind is inscription won't get you a big pay back unless you've already done a lot of the daily research glyphs. But for these purposes we'll assume that you've done it enough (both major and minor) to at least compete.
With 5k gold you can break into enchanting. Buy yourself about 800 dust, 100 greater cosmics, 3 stacks of armor/weapon vellums, 20 eternal water, 60 eternal earth, 60 shards, 20 titanium bars, and 3 stacks of abyss crystals. That should cover all the northrend enchants for a good amount of time and totals a hair under 5k spent. After that go to the AH and search for "scroll of enchant" and "scroll of enchant weapon" for the full list of all enchanting scrolls being sold. That will let you know the price range of each scroll, which appear directly in the "consumable - scroll" category. Check on them every day for a week for a good idea of what to make first. Also be sure to read my How To Enchanting post in the mean time for how I work this market. If you've read my business reports, you'll see that enchanting is a large portion of my income so you can make this investment back rather fast.
Perhaps you want to try glyphs. First you'll need a whole new banker with 4x scribe bags. Your crafter will need at least two of them to reduce the time from crafting to mailing. If you're just starting I'd recommend only making ones that use ink of the sea or etheral ink. These are the most common sales and there aren't a few thousand to make. Start with small stack sizes of 3 of each and list them all. Put your max price in the 20-30g range so you can start with some decent profit on the few you're making, but if you suspect a few glyph campers drop it down to 10g right away and become the goblin. You can easily drop 5k on herbs at 13g/stack and hundreds of parchment, it's normal for me to refill my stock of inky and spend 5k a month for more inks all at once.
I'll be stopping here for today since it is rather wall o text already. I'll let this sink in so you can come up with some of your own thoughts on how to turn 5k into 10 or even 20. Till next time have fun and good luck.
This blog is about discovering all of the ways to make money in Rift. There are no cheats, hacks, or exploits used in any of my methods.
After amassing a 2 million gold fortune in wow I decided to come over to Rift and see how well I can do there. It is my belief that the game does not matter as much as the methods used and mine have already been proven to work and work well.