Hey there, guys!
This is Reckles with WTBGold and today is the first day of the Gold Cap Challenge where
we're going for one million gold by Warlords of Draenor.
So, I wanted to talk about goals first off for anyone who's joining me.
Someone was going for gold cap.
Someone was going for 100k.
Someone was going for 500k.
So, that's awesome.
Thanks for joining me, guys!
So, the first step that you need to do is figure out what your daily requirement is.
So, take your goal.
Take your current balance.
Subtract the two, and then divide that by 30.
So, for me, I went through all my toons and found out that I have 448k on all my toons
and I'm going for 1,000,000 gold or 999,999 gold.
So, I need to get an average of 18k per day in order to hit my goal.
Now, I might get a big windfall of gold, or I might not, but let's shoot for 18k per day
and then I should be set.
So that's my goal.
Let me know what your goal is so we can be accountibilibuddies and without further ado
let's get into the training.
Hey there, gold makers this is Reckles and today we're going over the first part of the
our Gold Cap Challenge the first update, and I'd like to talk about what you've probably
heard me say at the end of each of my videos, "Search.
Craft.
Post.
Every Day."
Now I'm not just BSing you there whenever I say that.
It's not just a tagline.
I can actually talk for quite a bit about each of those.
There's a lot of depth and I put a lot of thought into that cute little cliche tagline.
So, today while I give you a little update on my progress and we get started with the
challenge I need to get going on some crafting.
I'm going to get some Jewelcrafting stuff done, load up that.
So, I need some ore.
And immediately you're faced with decision as many of you JCs are, do you go out and
mine the ore yourself or do you buy it from the Auction House.
Well, there's no correct decision.
It's all dependent on your situation and what you want out of your goldmaking so I actually
did a blog post about this and found some interesting things.
Pretty much, when you spend money on ore on the Auction House the amount of money that
you spend is equivalent to the time that you waste on mining.
Ok?
Does that make sense?
Pretty much, it's better to mine if the opportunity cost is less than the deal you would be getting
on the ore on the Auction House.
So, to put that better, if you were to just buy the ore on the Auction House and you were,
cause you're wasting money.
You get it for free when you go out and mine it but you gotta spend a lot of time doing
it.
But even if you get a really good deal on it your gold balance is decreasing.
There are lots of things you could do better to make gold than go out and mine, but if
you just log off, then you're not going to be going and doing those things.
If you buy the gold, or, buy the ore off the Auction House and then you just log off then
those potential that you're like, "Oh!
It's better to go do dungeon runs than go out and mine."
Well then you're not doing those things, so it's not better to do those things so you
should have have gone out and mined.
Does that make sense?
So, it's not better to go do Halls of Lightning.
It's not 4k per hour or 10k per hour or better to craft a billion glyphs or darkmoon faire
cards because you didn't.
You should have gone out and mined.
Alternatively, if you need to farm up 200 stacks of ore, or 5,000 stacks of ore and
you can get em for 50 cents per ore and you have a supplier, then do that.
Because, that is 500 hours of work, and hey, we all try to have lives.
Or not.
Whatever.
So, we're going to do some YouTube magic here, and move on to the next thing I wanted to
talk about which is actually the first thing I do every day and that is sniper scans, and
this is going to make you a ton of gold every day when you log in.
Ok, so here we are in Stormwind at the Auction House and we are going to take a look at one
of the best things you can do for gold making period.
This will build up your inventory of everything.
Literally, if you don't do anything in WoW ever, you will make a fortune just from doing
this.
It's quick, it's easy, you can keep one bank toon in Stormwind at all times and just log
in and do this if you don't have any time to play.
Just log in, do a quick scan, a quick post, and you're good for the day, and then you
can go on about your business.
So, what is it?
It's essentially, searching for undervalued items on the Auction House.
So, think of it like the stock market.
If you were able to go and find everyone on the stock market who accidentally posted IBM
stock at 10% of what it was worth, and you were able to search the entire stock market
and just grab everything that was posted up at 10% of what it was worth, and you were
able to buy all of that.
Then immediately post it at 90% or 80% or 60% of what it was worth so it would immediately
sell, then you would make a ton of money, that is what a sniper scan is.
Sterling, over at Stormspire.net has set up all these groups for you.
Now, you do have to go in and set all these up, but you only have to set it up once.
And then every day you just log in, when you first start up WoW go to the Auction House
click these groups and hit search.
Now, it takes a little while to scan.
Actually takes, if you do all the groups at once it takes, I don't know about 10 or 15
minutes, depending on your computer.
So I, I don't know, so I don't accidentally get bored or walk and then cancel the scan
accidentally, I'll do 3 or 4 groups at a time.
Sterling has kind of a recommended shopping operations set up for you, but you'll probably
have to go lower on your percentages if you're on one of the higher pop servers out there.
And actually, as we head into Warlords of Draenor, the factions are going to merge,
so the Auction Houses are going to get bigger and so you might have to, once Warlords drops,
lower those percentages a little more.
And another thing, the guide uses the sources, the key of DBMarket, and I actually prefer
using DBGlobalSaleAvg.
This is the source from the Tradeskillmaster desktop app.
And what it is, is the actual sales dataof all the items globally, rather than just the
median local posting prices, which is the DBMarket.
DBMarket is actually a moving average, a really cool moving 2-week moving average of the market.
I normally use global medians in all my guides and I really like global medians, but for
this I want to, since I'm looking for quick flips I want global data I really like that,
I want to see what things are actually selling at, so I'm going to be using 20% DBGlobalSaleAvg
on most things and that will keep things pretty steady.
Um, since that by using a global sales average it will actually adjust everything, all the
prices, and I won't need to do much work.
I might change things around for mounts and move that up a little high since mounts can
flip a little better.
But for everything I'm going to keep it at about 20% and see what we get.
So, we know when to get ore from the open world versus when to get it in the Auction
House.
We know when to get items for cheap on the Auction House.
Now the question is, "How do we search for transmog and BoE's in the open world?"
What's the next step in our search?
What I recommend doing is actually getting a routine on a weekly basis of hitting up
one dungeon every day you log on but having a routine, a set schedule of, you know, having
your laps that you do.
So, I like a couple different dungeons.
I like AQ20.
I like Bastion of Twilight.
I like Zul'Farrak.
I like Deadmines.
I like Halls of Lightning.
Those are all really good dungeons to run.
Halls of Lightning actually isn't really good anymore.
Um, because Books of Glyph Mastery don't really drop and those aren't really worth anything
anymore.
Quick note.
Side note.
Who knew?
Umm, but, uhh, I don't know why they took those out?
So, a couple people have commented on some of my videos "Thanks for this video.
I run this dungeon 50 times a day.
It's so great."
Well, that's actually not...That's great that you have so much transmog now but you're going
to have a really hard time selling all those BoEs and greens because you're going to be
absolutely flooding the market.
What you should do instead is run a dungeon 5 times, 10 time a week - maybe - that might
even be a little too much.
Build up your inventory initially.
Get a bunch of transmog from one dungeon of, a certain type of transmog, you know Cata
transmog for instance or Lich King transmog.
And then once you have a lot of a certain expansion's transmog, then just run that dungeon
3, 4, 5 times a week and then move on to the next one.
And then the next week you only need to run it 3, 4, 5 times and you're good.
You build up the pieces that you sold that week.
And you're pretty steady from that and your daily Sniper auction, you sniper purchases,
you keep your transmog pretty full.
So, you're good to go, and you keep your inventory growing of really cheap transmog and your
gold balance is always growing pretty significantly, without a huge time investment too, because
5 runs of a dungeon is you know, 30 minutes and that's usually 5-20,000 gold in some of
these dungeons.
And for a lot of you guys, that's all you need.
And you know, 5-20,000 gold a day, if it takes, even if it takes a while to sell that, I mean,
the point is you're doing it every day and it sells eventually.
But if you're doing it every day eventually all that stuff is going to catch up and you
post it, as long as you're posting it every day, eventually it's gonna start all selling
every day and you're gonna keep getting sales, and you're gonna start selling just a massive
amount of gold every day.
Umm, so, there ya go!
I hope that helps!
Have a good one, and remember to Search.
Craft.
Post.
Every Day.
Alright, well that's it for the training session.
I hope y'all are making a ton of gold towards your goals, and as far as an update: I finished
off the first day at about 12k.
So, I didn't get a full crafting session in, but we are right on towards the 1,000,000
gold.
So, we'll see y'all tomorrow or in the next couple of days with the next update!