As of 7:30 early Sunday morning I've done it again, I have broken the million gold marker. The sale that pushed me over this important milestone was a Tranquil Mechanical Yeti which sold for 362 gold. I have submitted an interview to warcraftecon.com for hitting the new gold cap so look for it to pop up soon.
I started my account back up about two months ago. When I logged on I had about 450k left in the Lunch Money guild bank. And as of today I once again have over 1,000,000 gold. How do I do it? I'm territorial. I'm observant. I'm clever. And I'm aware that there's more to the AH than finding something that's rare and profiting. I also understand the fact that making gold is exponential in that the more you have the more you can make.
I diversify my markets as much as possible so when I'm dealing with low profits on meta gems, enchanting scrolls are doing well to help make up for it. I try and work as many markets as I can squeeze into my 60ish minutes of AH time and no matter how much profit X market is making me I'll drop it if the time isn't worth it. All hail the 80/20 rule, 80% of your profits must come from 20% of your effort or things will be far more work than they could be. In short I work smart, not hard. I have a set undercut of 4g which I change according to the current market situation. If something like nether bags sell very fast I'll drop it down to only 1g, but if it's a high ticket item like boe epics I'll go up to 50.
I'd like to thank Blizzard for making common gems vendor for 9g and giving me so many ways to cut costs on materials. I thank the farmers of course that supplied my unquenchable thirst for more inventory, I wouldn't be where I am without them. Hi Bombardment! Of course I thank my girl who helped keep things fun and interesting when she carved out her own niche markets and clobbered anybody that even looked her way.
Now how did I manage to do it so fast this time? Well the answer should be obvious, I already had the infrastructure in place. I had all of the professions at 450, a large amount of capital to fund skill ups, and I already had my methods and routines down. If you're just starting out of course you can't expect to make 200k in a week. The most important thing you can actually have to work the AH up to the gold cap is a process, a method, and near maxed professions. You shouldn't be after excess, but access. I worked very hard to become 100% self sufficient and that is one of the greatest factors of my success.
On an entirely unrelated note. If you're have an ego the size of Un'Goro crater like I do you can turn up the damnedest things when you google yourself. For example if you google Stokpile, my blog and several of my posts come up right in line. I also found a link to another wow/mmo blog type site that's pretty nifty called mmomeltingpot. And apparently they wrote an article about this blog O.o
As for what's next for me, well I don't know of anybody that has hit TWO million gold yet so that's a reasonable goal. I bought my girl a vial of the sands which she spent the whole day tickled about and bought myself the recipe for strength to bracers enchant. We spent the next hour or two flying all around outlands and Mt. Hyjal taking screen shots with me in my "lookin' good" gear set and her on the drake. Here's a few of the screens I took.
For the time being though, I plan on picking up the missing world drop enchanting recipes if/when they pop up on the AH and start putting a raid together to get the ones from ulduar, but that's a ways off.
Little by little and step by step you can get here too. Stop by this blog each and every day and you'll learn new ways to improve yourself and increase your profits. Tell your friends, tell your guilds, tell everyone. You can be rich as well whether you have 2k to start out with or 200,000. It doesn't matter, you can do it.
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.