Tuesday, August 31, 2010

Fickle Flaying

55. Always sell at the highest possible profit.

Current market values for this post: Borean Leather- 50s, Heavy Borean Leather- 6g, Frozen Orb- 29g, Arctic Fur- 43g, Icy Dragonscale- 1.5g, Icescale Leg Armor- 110g, and Heavy Borean Armor Kit- 64g.

My math:
(6x) Borean Leather = (1) Heavy Borean Leather
(1) Arctic Fur = (10) Heavy Borean Leather
(10) Borean Leather = 60g
Cost analysis of Arctic Fur is 30g > 43g

Example 1:
Icescale Leg Armor- AH Cost breakdown. (2) Arctic Fur for 86g, (2) icy Dragonscale for 3g, and (1) Frozen Orb for 29g = 118g investment.
Current market value- 110g with a net loss of 8g. The cost (2) Arctic Furs when they are purchased with (10) Heavy Borean Leather from Braeg Stoutbeard is 92g; with a net gain of 18g (19.5% profit).

Example 2:
The net gain of selling the (20) Heavy Borean Leather on the AH instead of using them to make the Icescale Leg Armor is 60g (100% profit).

Example 3:
The net gain of using (20) Heavy Borean Leather to make (5) Heavy Borean Armor Kits is 260g (530%).

I will be honest here. I hate Leatherworking. Skinning/LW were the last two professions I leveled based on previous experiences with them.

I like to keep it simple so I will always sell whatever sells the best in regards to LW.  I recommend that you watch the value of Heavy Borean Leather closely.  Example 3 clearly shows were the profit lies in LW but as long as you are making a profit it is safe to place your eggs in multiple baskets.

I find that waiting for opportunity to knock is the best course of action. When I accumulate the raw materials for making epic leg armors from doing daily dungeons and questing/dailies then I make and sell them. It is hard to beat 530% profit but offering more wares certainly gets your name known on the server.

Goblin tip-  Don't be caught dead with a Gnomish Army Knife...
Gnome tip-  Don't be caught dead with a Goblin...
 
I would like to thank The Undermine Journal for providing my statistical data.
 
Coming soon- More Diversa Aurophobia!
NOT Coming Soon- A Leatherworking guide...
 
Real-Life Tips-  A Gnome in your yard is money that you spent to put a Gnome in your yard.  Think about it...

1 comment:

  1. Awesome post! I'd also advise talking about using The Undermine Journal to find cheap suppliers to gain even MORE profit. At the bottom of the website, there is a table called "Recent Sellers" that shows the most recent top sellers of whatever product you are looking for.

    For example: Borean Leather on my server has someone who has sold 395 total auctions of this specific product. Sending this curious farmer an ingame mail asking him/her to sell you the Borean Leather in BULK at a ~10% cut would yield 10% MORE profit to you.

    Just some thoughts. Keep up the good work!

    ReplyDelete