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Auction House and Gold Generation for Achievements

I have little in the way of achievements to report just now. Almost all of my focus has been on getting a good cash-generating system in place so that I can simply follow a quick process every day and make solid profits. My gold generation is coming along very well. I am currently working on an MBA in Finance and one of the most contentious issue is "Does the efficient market hypothesis hold true in the real world?" In other words, is it possible to make long-term, sustainable profits at a rate higher than the amount of risk you take. (roughly). In this experiment, all I can say is a resounding "yes". People are lazy and will pay a lot for convenience it seems. A quick status update: I have 3000g on my main (Deathspiral), 3 of every single enchanting scroll that is profitable on my alt poster (around 50 different scrolls, so 150 total) and an alt that is completely full of jewelcrafting mats. I also have lots of high-quality blues and epics on the AH. Oh, and ...

Grinding Argent Dawn, plus Netherwing and Jewelcrafting

I'm 14000/21000 argent dawn and I plan on getting exalted today (I'm running my wife's lowbie though UD strat). I ditched mining and went jewelcrafting. I'm sitting at 421/450 util I get enough tokens to make a profitable meta cut and then I'll cap it out. My enchanting scrolls auction system is going very well. Once I build up my cash reserves a little more, I should be at the point where I have two of every profitable enchanting scroll on the AH all of the time. Doing all of this AH grinding has made me wonder if the skills are transferable to the real world. Because of WoW, I've recently started a web business with a heavy reliance on computerized automation. I think it could do very well, and the startup costs are almost nil. The simple act of planning out every step in a process and making it as efficient as possible (for AH gold generation) has really made me aware of places in the real world where similar strategies could work.

20 Reputations!

I picked up Cenarion Circle soon after Loremaster. I went from honored to exalted in one day with Scryers due to extremely luck in the auction house: 49 Arcane tomes were listed for 220g buyout! I'm currently working on Netherwing dailies as well as any others I can fit in.

Getting set up for gold generation

I did some research last night and I realised that the enchanting market on my server is highly inefficient. Many good scrolls were missing entirely and the ones that _were_ there were selling for at least a 100% markup with very little competition. Let's start with the basics. We make money when we sell an item for more than its cost. "Cost" is misunderstood however, since many people don't seem to understand that it should include opportunity cost as well as the actual gold cost of an item. I'll start with a simple example: Let's say that I decide to sell a limited supply recipe from Winterspring such as the Healing Potion recipe ( http://www.wowhead.com/item=13446/major-healing-potion ). I would take a portal to org, run to the flightmaster, fly to winterspring, run to the vendor and pay 10s if there is an item in stock, then I'd recall and head to the AH to list it. It would cost (I think) 1 silver to list (which I'd get back if it sells) and...

Making gold for achievements.

Yesterday, I realised I needed around 60 thousand gold to buy all of the items required for my achievements. This means things like a Mechanohog (12,500+) and a mammoth (15,000 or so). In addition to all of this, I need to pick up huge numbers of sunfury signets and other items that I really don't want to have to farm. I also want to dump mining for jewelcrafting since the stat bonuses ar emuch better. Finally, when cataclysm comes out, I want to hit the profession caps as soon as possible. In short: I'm tired of being concerned about gold. So, as part of this project, I'm going to pick up at least 100,000g before the end of the year. Here are my current resources: I have about 650g in the bank and a few hundred gold in auctions. I have 450 enchanting and 450 mining. I have solid PVP and PVE egar sets. That's about it. I'm going to go through all my bags and my bank and sell off everything that I don't need and then I'll get started on my plan. M...

Loremaster!

Finally! I'm tired, so a  full writeup will have to wait until tomorrow, but I finally got the damn thing!