Long Term VS Short Term Investment

Long Term VS Short Term Investments

In World of Warcraft

by Shannon Lasell

 Hello and i am very sorry for the lack of recent blog posts but i have a special article for you to read today about the difference of long term investment and short term investment and how that can effect your overall profit each day in and out of the auction house. I hear a lot of people complain about how some items do not sell very well and that it is not worth selling, whereas other items are worth selling because they sell very quickly and for a high amount of profit total NET. Now let us step back and think about the negative and positive side to thinking this way and then i will tell you my opinion on what is the best way to make the most profit based on these complaints and opinions of others.

 First i want to talk about what is considered a long term investment and what is considered a short term investment in my opinion. A long term investment means that you will buy an item or materials to craft an item knowing that the overall outcome will be indeed profitable with no doubt within a small margin for error and that this item will indeed knowingly sell within a long period of time, which could take anywhere from a few hours to a few days, up to a few week. A short term investment means that you will buy an item or materials to craft an item knowing that the overall outcome will be indeed profitable with no doubt within a small margin for error and that this item will indeed knowingly sell within a short period of time, (usually within the same day or the next).

 I would go into exact items that are considered long and short term investments, however it decided to go more into why its important to learn about the 2 and how it effects your total earned profit per day/week/month. If you are receiving 20k a day from just shuffling ore and selling raw materials you might be happy with it cause you don't wake up with any left overs. But what if you took some of them and make enchant scrolls along with what you were selling every day and a few a day started selling throughout the week. This total possible profit that could be earned could turn into the equivalent of more markets with half the efforts since you only need to make long term investment items once or so a week but waking up to 30k a day instead of 20k sure is nice.

Long Term Investment ideas....

• Glyphs
• Transmogrification Gear
• Mounts
• Pets
• Leveling/Twink Gear ( Phat Lewts of http://www.phatlewtsgold.net/ )
• Trade Goods
• Elementals ( Farli of  http://theovercut.blogspot.com/ )

Phat Lewts of http://www.phatlewtsgold.net/ brought up the point of 77-80 twink gear and i would like to add that all leveling and twink gear in general are great investments for the long term, though some might have a larger profit margin than others.

Farli made a good point that even though an item might be short term during it's time doesn't mean that if you hold onto it for a long term period it will lose value or be any harder to sell. As he stated in his comment about Essence of Air and how the drop rate changed and its demand grew. When Supply decreases but demand increases then you have an item that has gained in value. More people should be aware of how long term and short term investments can effect the over all profit of said item. 

Short Term Investment ideas...

• Glyphs
• Trade Goods
• Elementals
• Cloth
• Leather
• Metal & Stone
• Meat
• Herbs
• Enchanting Materials
• Jewelcrafting Raw Gems
• Engineering Parts
• Item Enhancements
• Cut Gems
• Enchanting Scrolls
• BoA
• Twink
• Current Raiding
• Consumables
• Alchemy Transmutes  Phat Lewts of ( http://www.phatlewtsgold.net/ )

Phat Lewts of http://www.phatlewtsgold.net/   gave us his idea about short term investment by bringing up uses for Alchemy such as transmutes. I could see in my opinion the use of transmute elementals, gems and bars being all valid short term investment ideas and is indeed a profitable profession ability in general.

Blog Post Submission Noobness.

I would like your ideas and input so i can quickly edit and update the post to add yourself and your opinion on the subject. All you need to do is leave a comment titled somewhere in the comments below,  "Long Term Submission" or "Short Term Submission" with your idea of what else should be added and any other comments or thoughts.

Reader Submissions


Phat LewtsMay 15, 2012 7:05 AM
Long Term Submission:

77-80 twink gear. Although it sells pretty regularly, you need a large amount of stock before you get daily sales.

I also feel like Alchemy cooldowns should be somewhere in there, most likely short term, although truegold has been suggested many a time as an inflation buster for MoP.

Side rant: Power leveling any profession to 525 is a "long term" investment. You don't make all your gold back in one sitting, and most of it will be made over a (very) long period of time.



farli May 17, 2012 1:33 AM

Trade Goods elementals

Think of Essence of Air during wotlk you could farm up 80-90 per hour now its more like 10-15 per hour. Drop rates change.
Eternal Earth was going for around 1g each in wotlk now i sell it for 30-50g.
Primal Air (primal might), Living Essence (engi toad)

Holding on to this sort of material can really pay off as long as there is still a use for the item.

Transmog Shopping List's For TSM

Transmog Shopping List's For TSM (Trade Skill Master) Addon

Some items in the code are from http://www.clockworkriot.com/ Faid and some are from the Keelhaul tier list made for Auctionator i put into a TSM list properly. If any questions or concerns please feel free to comment and tell your friends about how amazing and good looking i am.

How to import shopping lists in TSM:

Step 1: open TSM ( /tsm) and click on Shopping Options

Step 2: Click Shopping Lists to open the import settings on the left side of TSM

Step 3: Click on the Import Shopping List button and input the code i have given below into the required field and name it accordingly.

Step 4: Press accept in both fields and press the import button to complete the import process.

Step 5: Browse through the list to see what you want to remove.

Step 6:  If you have a lot of competition on your server for Transmogrification you might want to stick to only Legs and Chest pieces so going through this list and removing items might be more beneficial other wise keep it the way it is and just buy what you want once you search.

Step 7: Now go to the Auction House and open the TSM tab on the far bottom right. At the top you will see a button called "Show Saved Searches" click that to open your lists you have either created or imported. Now just click the list name in the window frame "Shopping/Dealfinding Lists" to begin searching for your beautiful shiny treasures. 

THE END

Leather Transmog Shopping List:

s1@6409,15168,10220,10221,10222,14670,14671,10227,24773,24775,14675,24779,14677,14680,14681,15191,15192,14685,14559,14560,14562,4054,14565,14566,4055,24694,24696,24698,6430,4057,4721,9887,9892,9894,4062,14684,6431,4063,14687,10225,15189,9782,8255,20575,15369,8258,15372,8260,24776,15374,8262,15376,8256,15378,15379,14564,15381,6584,15383,6581,15385,6582,15139,15142,10182,10183,6586,15144,10186,10187,10188,24695,10190,24699,24774,15130,15194,15148,15149,15150,15151,24778,6587,9947,9948,10189,9950,15386,9952,15167,9954,15162,15370,15164,6408,15166,15195$@

Cloth Transmog Shopping List:

s1@14100,14108,14112,14120,24647,24663,14140,10060,8106,8110,8112,14168,14172,2034,10100,14192,7110,14208,14212,6609,14228,14232,14236,6617,14252,10172,10176,10180,14272,14276,14288,14296,10216,9749,14364,9773,10288,8252,24664,14408,14412,14424,14428,14432,14436,14444,14452,9881,9909,14025,10504,24585,14113,14117,14121,13103,24665,10057,14173,10097,14189,14193,14209,14213,10137,10141,14233,14249,14253,14257,31556,44668,15802,14273,14277,14289,14293,12253,6394,14317,6406,7430,7432,7434,7438,18486,8245,24642,8253,24666,7468,14413,7472,14421,14425,14433,14437,14441,14445,14449,14453,940,7518,7520,7522,7526,9942,18407,14090,14094,14106,14114,10030,6564,24667,3291,3292,8111,8113,8115,14174,14186,14190,14194,7111,14214,3307,3308,6610,14230,14234,6616,14250,14254,10178,14274,14290,14294,10210,10214,10218,14310,9747,14370,8246,8250,8254,14410,14414,14418,14422,14426,14434,14438,14442,14446,14454,4714,4718,4720,6263,18409,14091,14107,14111,14119,13109,24661,14139,14171,14175,10095,10099,14191,14195,14207,14211,14215,10135,10139,14231,14235,10144,14247,6615,14255,6611,10175,10179,14271,14275,2800,10066,8107,7332,14295,10211,6393,10219,6612,14369,14188,10215,6405,7429,7431,7433,7435,9748,2957,2958,10140,10102,14367,14371,10217,14269,8251,6512,24662,9796,14137,10181,14407,14411,7471,7473,14423,14427,14431,14435,9940,14443,14447,14451,14455,10143,9786,7470,3310,31554,6395,8249,31306,10177,6594,14138,15119,7517,7519,7521,7523,6593,8114,14297,14417,6511,14415,7469,9952,10104,7543,7476,10142,6527,4035,6531,4037,4038,4039,4040,10047,10101,3309,10103$@

Mail Transmog Shopping List:

s1@15669,15673,15677,13126,6573,6577,10080,10084,6591,8126,8128,8130,3048,3049,10124,10128,4074,4075,4076,4077,4078,4079,4080,24887,4082,4083,4084,10192,10196,10200,14803,24983,14815,10232,10236,20480,10268,10272,39507,8268,8272,8308,12420,9366,24840,4697,24864,9897,9901,4705,24896,4717,9933,15558,15051,4725,4727,9957,9961,9965,15598,15602,15606,15614,20481,16984,15670,15674,15678,15682,15686,10077,10081,10085,6336,10121,10125,24841,24865,10157,24889,24897,14792,14796,6386,14804,10229,6402,6404,6412,10269,10273,7454,7456,7458,8265,8269,8305,8309,7486,7488,7490,7494,24842,24866,9902,24890,24898,9926,9930,15555,15052,9435,7538,15575,7542,15583,7546,15591,15595,15599,15607,15615,15683,6576,6578,6580,10082,6590,6592,6594,6596,8131,10118,10122,24843,24867,10154,10162,24899,14789,14793,10198,14805,3841,3843,10234,3845,3847,10266,10270,10274,8270,8306,8310,24828,24844,9895,9903,15528,15532,4712,9931,15560,15576,15580,9963,15596,15608,15612,15616,15672,15676,15680,15684,13133,6388,15531,10083,15527,10160,8133,6597,6595,3047,8132,7540,10119,10123,15567,10237,10233,15581,15582,15578,9962,10155,15524,10163,15050,14795,9960,10197,10193,9934,10191,14794,14798,14802,6389,24868,10161,7417,15529,24886,15525,1988,31177,4707,24862,6411,14727,4073,24838,14806,15554,6423,6425,13125,15685,3045,9784,7457,7459,24911,8267,8271,24892,4733,14797,10331,24839,7455,15562,8303,8307,14747,7487,7489,7491,12415,10235,24895,24888,10230,2989,2990,2991,2992,7462,9900,9904,24894,15533,4071,10199,4072,9928,9932,15557,15561,24817,24900,7539,7541,7543,9964,15589,15593,15597,15601,15605,15609,15613,15617,20479,14799,4694,8129$@

Plate Transmog Shopping List:

s1@6547,6551,12619,10088,10092,8138,10132,8142,8144,10164,10168,8160,8162,24935,24943,10208,24991,24999,25007,25015,25023,14835,14839,14843,14847,14851,14855,14859,14863,14867,10276,10280,14895,14899,14903,14907,14911,14915,14919,8280,14927,14931,14935,14939,14943,14951,14955,8316,14967,14971,14975,14979,10384,10388,24936,24944,24984,24992,25000,25008,25016,25024,13067,12620,37625,10085,10089,10129,10133,10165,10169,24937,24945,10201,10205,24985,24993,25001,25009,25017,25025,10241,10245,14848,14856,14860,14864,14868,10277,10281,14896,14900,14904,9287,9291,8277,8281,14928,14932,14936,14940,14944,14948,14952,12405,10369,10373,14976,14980,10385,10389,24938,24946,24986,24994,25002,25010,25026,10086,10090,10130,10134,8143,8157,10170,8161,8163,24939,24947,10202,10206,24987,24995,25003,25011,25019,25027,14833,10238,14841,14849,14857,14865,10278,10282,14897,14901,14905,14909,14913,14917,14921,14925,14929,14933,14937,14945,14949,14953,8314,8318,14969,10374,14977,14981,10386,10390,18712,24940,24948,24988,24996,25004,25012,31152,25028,12618,10087,10091,10131,10167,10203,10207,15555,8159,31137,24983,14840,10368,10372,14838,10243,14846,14850,14854,14858,14862,14866,8158,10275,10279,9934,9286,8278,8274,14898,10370,14906,9289,9290,14918,8279,14926,14922,14934,9288,14942,14946,14950,8312,8315,8319,14966,10371,10128,10379,10383,10387,14972,14970,14968,10166,10381,14924,14920,8140,8141,14908,9292,10378,24934,24942,10382,10380,10376,14978,24982,24990,24998,25006,8139,25022,10240,37782,8276,14844,14552,10244,10242,10209,13074,8317$@

Weapons & Shield Shopping List:

s1@36584,41182,12784,70155,13043,12535,32660,13049,7944,13053,25281,3854,55295,3856,8226,23540,9511,7961,1680,2205,12838,25106,36577,31234,36601,25126,5423,16978,25142,25154,10571,23632,13051,25212,21800,37749,13137,13139,31318,31322,25206,15232,37805,37813,31153,55293,25114,1625,25233,19169,25236,25331,25218,36511,23543,32661,25336,31139,12260,55281,55289,55297,15229,23505,55066,13035,25161,15239,5749,35652,66112,25265,25175,36523,36607,15240,1951,2015,935,23746,15265,15267,36595,15271,25127,15275,12974,25139,23629,25147,12976,2244,55290,55298,13014,31291,17015,31299,31303,43871,25191,25237,74274,2077,13018,866,25215,17059,25160,2299,12775,12777,36580,13036,68601,23631,13044,13046,15925,4567,13052,13054,13047,55291,35664,6802,13039,55068,8223,8225,1391,12992,15278,23542,12825,13024,754,37808,15291,37824,13027,4696,1394,13065,36589,13041,6660,59563,12823,10570,59463,25144,31268,44311,55284,55292,13034,13004,66114,25119,15270,31304,25216,70166,15225,15273,10573,25208,31332,31336,25220,25205,870,30077,36574,41243,25199,15266,25214,25138,15212,13983,15216,15251,2801,15222,23499,20698,29372,17054,29380,9386,15236,15238,25316,7959,36495,65318,19212,1727,36527,55915,15256,1728,1958,9718,3201,36583,21802,36599,15272,16039,15276,68161,25141,1986,12528,43611,55286,55294,9427,12769,14531,13003,1482,55296,1925,9383,36496,1607,13017,68194,36528,3208,25221,25225,25163,3210,8190,65013$@

Taking a Break....

Taking a Break from live-streaming and blogging.

I am sad to report that my streams are not interesting or not timed properly so that viewers can see more than 1. i think the fact that there are so many gold making streams now and they stream 24/7 is hard enough for viewers to catch, let alone see multiple channels. i will focus on the blog when i come back and make educational videos....as far as live-streaming if you want to see me stream again leave a comment below. i can make a schedule i can show specific material related to WoW/Gold Making.

Honestly i am feeling a struggle in the community and maybe its just me not ever being apart of it like i wanted, either way i am taking a break to straighten things out and figure out what i want to do. i have important people in my life to focus on right now but hopefully things will get sorted out sooner than later.

I very much enjoyed streaming for you all and honestly miss seeing everyone hanging out. I had a great time and hope i helped some players learn some strategies to making gold in WoW. 

Professions 101 For Profit: Alchemy

Professions 101 For Profit:

Alchemy with Shannon's Shenanigans

Alchemy

 Alchemy is a profession that requires mostly Herbs which can be obtained from Herbalism among other miscellaneous materials. Alchemy uses these materials to create a variety of items in the game.

  Elixirs

 Elixirs are made using mainly Herbs around the same Level of the Elixir being made. These Elixirs provide a variety  buffs which last for a long duration for the character when consumed, however these effects do not last  when the character dies. The benefit of Elixirs are that they have 2 seperate categories of which both can be consumed to obtain 2 seperate buffs for the character. The categories are Guardian Elixir and the other is Battle Elixir. A Guardian Elixir gives the character a defensive type buff, where as the Battle Elixir gives the character an offensive type buff and when combined properly can compliment eachother very well when fighting enemies.

  Flasks

 Flasks are made using mainly Herbs around the same Level of the Flasks being made. The Flasks provide a variety of strong buffs which will last after the character has died. Like the Elixirs the Flasks offer a long buff duration, however unlike the Elixirs there is only one category and so only one Flask at any given time may be used on the Character.

  Potions

 Potions are made using mainly Herbs around the same Level of the Potions. Potions provide a short duration buff but offer a extremely useful and strong buff for many in combat and out of combat situations.

  Transmute

 Transmute is an ability Alchemists have that can take one material and convert it into another material. There are specific Transmutes that Alchemists can learn which can do a number of actions. Alchemists can Transmute Bars created from Smelting Ore (Smelting is an ability Miners have to turn Ore into Bars) and Several different Elemental materials as well. Alchemists can also Transmute  Raw Gems (Gems can be obtained by the process of Prospecting using Jewelcrafting) into higher quality Raw Gems.
 Alchemists can currently learn the skill Mixology which makes the effects of Flasks/Elixirs/Potions last longer and more effective. Alchemists can also create their own Trinkets which are created to improve the Character's stats as far as gear goes and also increase the effects of Flasks/Elixirs/Potsions.
 Alchemists currently have 3 specializations they can choose from, such as Elixirs (and Flasks), Potions or Transmutation. These specializations help increase the chance of a extra creation of the item of the specialization.

Making Gold with Alchemy

 Alchemy is not a very large market for making large amounts of gold but it is reliable since it is needed for many Raids and in some cases PVP. Making Flasks especially with main stats and putting up on the AH is going to help you out the most from what i have seen. The other option to making gold that most other do is Transmute. Transmute is great but can take over life quickly. I hear all the time about multiple Alchemists and this is a great idea....if you already have all of the other professions and it is purely exxtra profession. (i personally would go for JC for more cuts per day still). Transmuting can help with taking those uncommon gems from Cata Shuffling and making them into Rare Gem quality which i have said in the past main stats sell the best. You can also transmute bars such as Pyrium Bars these are usually much more than double the price of the ore but all servers prices will vary.

Leveling Alchemy

 Leveling Alchemy can be tricky as any profession can be so i decided to use my favorite source to help me minimize time/waste and i will also be adding my own take on leveling as far as how to make gold while leveling Alchemy.

 I love www.wow-professions.com and always use it as a source for the amount of items i need to properly level a profession. I suggest you go to Alchemy Leveling Guide 1 - 525 to get started on Leveling however i want you to know my take on risks and benefits of leveling Alchemy and how you can help yourself out by making gold on leveling Alchemy

 4I recommend if you are Leveling a new toon to pick Herbalism and Mining till you hit atleast level 40 and then drop Mining and then pick up Alchemy and use the saved up Herbs to level your Alchemy. Sell the materials you received on the AH or to someone you know will buy them. I personally would wait till you hit max level or close to it before dropping the other gathering profession as you gain Experience from Gathering Herbs/Ore from nodes and you Have more gold from the Mining as well.

 Note: If you plan on buying all the materials to quickly level the profession make sure not to go ahead and buy all the materials needed to level the profession all at once since you aren't 100% sure if you need that exact amount, you might get lucky or unlucky with the amount needed to continue leveling.

Professions 101 For Profit: Jewelcrafting

Professions 101 For Profit:

Jewelcrafting with Shannon's Shenanigans

Tips for leveling Jewelcrafting:

• Have a character with Mining so you don't have to buy expensive Ore if you cannot afford it.
• Powerleveling Jewelcrafting will cost you anywhere from 10k - 20k (i have spent 12k doing this)
• Prospecting is an ability Jewelcrafters have which destroys (gathers gems) 5 of the same Common Ore (uncommon ore cannot be Destroyed to gather gems). This is key to gathering the gems needed to level up Jewelcrafting.
• Never go and just buy all materials needed at once. Get enough mats to level up to the next learned ability for Jewelcrafting
• Jewelcrafting Designs for each type of raw gem is an ability that the Jewelcrafter uses to cut the raw gems into a specific cut to make them gem a socket-able gem. Each design for these gems create specific statistics which can be used to socket gear.
• Sockets in gear/weapons have specific colors which a lot of the time mean when matched give a socket bonus. This bonus will increase a specific statistic for the gear on top of what the socketed gem provided. An orange cut gem could be used in a yellow socket to get a socket bonus if specified to use a yellow gem. Cut gems do not need to match the socket colors and still can be used to get desired statistics but in some cases the desired result comes from matching gems to the socket bonus colors.

 Use online resources to help in your journey to leveling any profession. I suggest using  WoW-Professions.com to get a descent detailed list of materials you will need as well as finding out where to go if you need to farm at all. It is my favorite site for leveling professions and honestly it is all you really need.

Making Gold with Jewelcrafting:

 

Prospecting Ore in Stormwind City

 Jewelcrafting is a great way to make a descent gold profit, however you should be aware that you are limited untill you learn specific cuts. You can learn specific cuts from vendors in both Dalaran and Stormwind City/Orgrimmar. In Dalaran you will find that you will need specific items to purchase Designs to cut the gems into desired cut gems. These items are called Dalaran Jewelcrafter's Token. You can receive these tokens by completing daily quests in Dalaran where the Jewelcrafing Trainer is located. As for the  Stormwind City/Orgrimmar items needed again you will have to head to the Jewelcrafting Trainer to complete daily quests to receive Illustrious Jewelcrafter's Token. 

Now that i have that information out of the way, which by the way, is all very relevant in making gold aside from needing to level Jewelcrafting.

So for now since we are still in Cataclysm waiting to be cute booty shakin' Panda Monks, we will focus on the daily quests at either  Stormwind City or Orgrimmar. These daily quests need to be done each day in order to get more useful designs needed to sell on the AH for considerably large profits. I would like to point out that when getting started to stick to getting the Inferno Ruby Cuts first and pay attention the best selling gem cuts on the market for other types of Cataclysm rare gems. I am not going to tell you which cuts to get but rather to do your homework as always. The Inferno Ruby market is always great for profit since they offer the main statistics for all classes, such as: Strength, Agility and Intellect.

Remember when you had to get 3 of the same type of uncommon gem to complete your daily quest? Well you aren't the only one doing so. I like to try getting rid of my Zephryite raw gems in stacks of 3 on the day when they are needed. If you don't plan on shuffling or don't have an enchanter then use up the other uncommon gems as well be sure to cut at least 3 of each uncommon gem to  more popular cuts to sell on the AH. (basically shuffling is breaking down raw materials into more useful materials to create other crafted items which can be done many different ways and i will cover this in detail at another time.)

There are many great resources on "Shuffling" and ways to calculate the risk of buying ore, especially Cataclysm ore on the internet but i will leave you with my opinion again. My opinion on risk is if you can quickly and roughly calculate a large profit from buying the gems and prospecting, cutting/crafting/disenchanting and whatever else you can think of doing with it, then buy the ore and buy lots of it, other wise, don't bother at that moment.

Always be patient and never rush sales the sooner you try selling the worst the prices will be and that could cause flooding in the market. (flooding is the ability to not care about your market and take a large dump on other people in that market that hold off on posting more than a few of each item at a time. 

In conclusion this is my simple but long guide to Jewelcrafting for Gold Makers in World of Warcraft. I hope you enjoyed it and it was useful. If you feel you have any questions/comments/concerns just email me at shannonlasell@gmail.com. You can also follow me on twitter @shannonlasell. 

email: shannonlasell@gmail.com

twitter: @shannonlasell

blog: shannonlasell.blogspot.com

twitch.tv (Live Stream): twitch.tv/shannonlasell