Ok now that you have that for every item you can make, figure out the UNIT PRICE for each raw material. UNIT PRICE is how much it costs if you buy one Mithril Bar on the AH. Don’t look at the prices for just one Mithril Bar though look at how much a stack costs and divide by 20.
Got that? Great! Next step is to find out how much you can sell each item for. Do a search on the AH to see what the going prices areit might take you a few days to get an accurate number due to the Retard Factor of people putting up items for ridiculously low or high prices. If the items just don’t show up on the AH, determine if anyone would actually *buy* the item first, and if you think they would just take a guess of how much you could sell it for.
You know what the final step is right? I sure hope so. You know how much it costs to make the item, you know how much you can sell the item fordo some simple subtraction to see if you can make a PROFIT off of your items! You will be surprised how many items will make a profit. The obvious choices are items needed for quests, items that need to be purchased several times (such as armor kits, sharpening stones, scopes, potions, etc), and blue items.
The two top comments I get from this section are:
Gen, you really expect me to make a spreadsheet of all my crafted items, with materials, and costs of mats etc? that seems like a lot of work cant you just tell me which ones sell best?
Get out of my forum! If you cant do the legwork and put the effort into it go pick flowers and collect rocks.
Gen, why do I have to make a spreadsheet based on cost of mats in the AH? I can easily go farm my mats and make 100% profit!
Ah HA! This is the statement that is the death of crafters everywhere. I’m going to make the next statement in all caps not because I’m angry, but because I want it to stick out so much you cant help but read it and remember it:
***IF YOU CANNOT BUY THE MATS ON THE AUCTION HOUSE, CRAFT YOUR ITEM, AND SELL THAT ITEM FOR A PROFIT DO NOT MAKE IT!***
Seems so simple yet time after time again people will say things like yeah of course you aren’t going to make money if you buy your mats on the AH you have to farm the materials. Well, if the materials are worth more than the finished product, why would you bother making it? Just sell the materials for a larger profit! The purpose of the spreadsheet is to help you identify what items you can make a profit on.
The next logical step is to realize that if you can buy the mats on the AH and still make a profit, why would you spend all that time farming materials? In the time it takes you to farm the mats to make one item, you could buy the mats to make 10 items.
You should be making more than enough money to pay for new skills, updated armor and weapons, repair costs, stupid trinkets (I love my Orb of Deception!) etc. But keep in mind you are working towards two things when you hit lvl 60:
1. Buying your epic mount, which is going to cost you 900 gold
2. Having nearly all of the schematics/plans/etc for your crafting profession, and being able to make a steady income off of it.
3. Having at least 100 gold (preferably more) saved to help you level up your 2nd crafting profession
Do not bother with Phase Three until you have the above three items complete. Patience is the key if you rush into this stuff you will have more expenses than you do income.
Phase Three Level 60 Farming is for suckers
Ok so you’re sitting pretty at level 60, congratulations! You’ve got your epic mount, you’ve completely owned your crafting profession, and you got your nest egg of gold. And your entire time spent in WoW now consists of you either in a high-end instance or sitting in Iron forge trying to get a raid group together. And that means you’re not running around gathering! Plus by now you’ve probably said to yourself Man, I don’t even need to farm mats anymore I can buy them off of the AH and still make a sweet profit! Welcome to Phase Three
Now Phase Three is 100% optional. Some of the gathering professions are useful in high-end instances.
With mining you can get Dark Iron Ore and Blood of the Mountain, which both sell well AND help you raise your reputation with the Thorium Brotherhood. With Skinning (plus an enchant and a finkles skinner) you can skin Corehounds in Molten Core and The Beast in UBRS. Both have their uses for sure. But this guide is about how I made moneyand since I HATE FARMING (farming is for suckers!) I dropped my gathering profession and picked up a 2nd crafting profession (in my case enchanting).
You level the 2nd crafting profession the same way you did the first, with the exception that you don’t have a gathering profession to assist you in the leveling process. So that means you’ll be buying your materials from the AH (yeah you could make alts or whatever I just don’t like making alts). The key is to level as cheaply as possible until you can get to the point where you can make a profit (or even break even) on the things you create as you level up. Again, same thing as the first crafting profession buy up all the patterns/plans/etc that look like you could make a profit with, make a spreadsheet, etc.
This will be a slower process than the first crafting profession, but you already have your epic mount, and you’re hopefully getting good weapons and armor from instance runsso theres really no rush anyway.
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