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...
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.
ReplyDeleteFor 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!