Before today's entry, I give you this amusing screen I got the other night while heading to the training dummy on my DK.
DON'T BE THAT GUY!
In case you just can't wait, yes alchemy is awesome. Last post on all the things I've learned and noticed about the alchemy market. How To Alchemy post is coming soon so stick around. A handful of sections within this post will be explained in depth with my how to post or have been briefly mentioned already.
First I've noticed that over the last two weeks every +Stat elixir has been flooded with a page or two at the cost of an imbued vial. I also have no idea who would be using these outside of gimmic fights. And since you need to know WHO you're selling to so you know HOW to sell them makes this pretty much a dead market. If I could tear out all the pages of elixirs from my book I'd do it in a heart beat. This section of alchemy is a good thing to keep a mental note of though even if it's not a market you'll want to work in.
While leveling a lot of people DO buy up these cheap ass elixirs. I mean it's only 2 gold for an hour long boost of uberness. Granted it's not necessary to level, but epic gems aren't necessary to clear Ice Crown either. The reason that I'm making it a point to draw attention to this is because when you're leveling a new profession, chances are high that you'll just vendor almost everything without a second thought. Stobbit!
Remember everything has a price. So if you're wanting to get into flasks don't vendor the 9001 elixirs that you end up with. Throw them up on auction for 1.5g each and relist a few times after they expire. You'll at least make back something, definitely a lot more than what the vendor gives.
The interesting thing that I've found about alchemy compared to other professions is that there's several very different ways that you can work this market. They're a lot like glyphs because of small profits in massive amounts, but the glyph style doesn't seem to fit here as you can't rely on a constant horde of herbs and inks. The best way to describe it is that there's several different amounts of effort that you need to sell flasks all based on your AH style and server and all other situations to judge by. I'll be going over all of that in the How To post.
The profits I've been getting from alchemy were what I imagined that they would be ONLY if prices managed to be raised by about 5 gold a flask. Boy was I under estimating this market. With good luck on procs, which I'm convinced is normal, and getting a few stacks of semi-cheap lotus... wow. As you saw in my business reports, I've made quite an astounding profit by just hitting 4 buttons. The only catch is that I completely ran out of materials almost instantly. Before the first week had ended I had sold every last scrap of lichbloom and frost lotus I owned. I'll say this many times for this profession... STOKPILE! For serious!
So I'm now completely convinced that having an elixir spec alchemist of your own, or a friend that doesn't mind waiting on a cast bar of 300 flasks, is HIGHLY beneficial to your AH game. While as a whole the profession is rather boring to work, I like that there's so much more of a business aspect to it than collecting money like a fiend. This whole experience was very satisfying for me and would totally do it all again.
I have not explored potions at all for a few reasons. One being that I don't have a potion master and I am definitely not power leveling alchemy again. The other being that I have never seen a north rend potion listed for more than 3g since a month after release. So as far as that market goes I'll just go ahead and say it's 100% not profitable. However if you can prove me wrong on that one please by all means do so. I doubt I'll get into potions any way but I would certainly love to know if it can be profitable.
Ok so here's the short and narrow of what I think about alchemy:
-Very profitable -Flasks are awesome -Requires actual AH business strategies -Stokpiling is absolutely paramount -Sales are fast and in large numbers -Elixir Mastery or GTFO. The choice is yours -Highly recommended market for any AH player to get into -Having your own elixir alchemist is far from a necessity -The secret to profitable flasks lays in the price of lichbloom, get it cheap and win.
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.