What's your favorite 'niche' gold strategy

The third JMTC Blogging Carnival has arrived and this month, Markco's asking what our favourite niche strategies are - I'm sure they'll be some gem-like tips from the community to satiate your gold appetites!



A niche market is the subset of the market on which a specific product is focusing; therefore the market niche defines the specific product features aimed at satisfying specific market needs, as well as the price range, production quality and the demographics that is intended to impact. (source)

I've said before that my playtime is limited and so when I log in I want to use that time to my best advantage, i.e. to make the most gold per hour I can.  For me, this generally involves logging my enchanting toon first and restocking, cancelling and reposting, followed by my jewelcrafter doing the same. If I have time I'll pop on to my glyph posters and replenish the AH and then, if miraculously I've still got some time left then I'll log on my actual scribe, do the research, restock, make some vellums for the enchanter and try and get rid of some of the excess Snowfall Inks.  When I've got a real chunk of time available (say once a week) I'll do some milling and crafting inks and might up my glyph stockpile by say 2 of each - I'm aiming to have a full stack of each come 4.0.

As such - any strategy that requires me to move out of my 'comfort zone' of the AH, Mailbox, the Bank and the Inscription Supplies vendors is unlikely to see much testing from me and the little experience I do have with some of them haven't turned out to be as profitable a use of my time as my standard routine, although many of them are fantastic for say, starting out on a new server or if you're in a position with a low capital outlay.  Saying that, if you have more time on your hands then that sort of strategy can be a lovely supplement to your main sources of income.

How can you turn 1000 gold into 2000 gold? Jewelcrafting Edition

I said in my post for the second Just My Two Copper Blogging Carnival that I'd put together similar posts for the other markets I'm in, so here is my take on using Jewelcrafting to turn 1000g into 2000g.

JEWELCRAFTING 

Second only to Enchanting in terms of the proportion of the income it provides me, Jewelcrafting is a fantastic profession. Unfortunately, I came to it late in the expansion, and I missed out on its heyday. However, I'm fully prepared  for reaping the undoubtedly lucrative benefits it will be bringing come Cataclysm, and hopefully I can help you out in doing that too here.

Buying mats with AuctionLite

In my posts about using EnchantShop, I mentioned that I did not use the mat buying interface provided by that addon to keep myself in stock. Today I'm going to share with you how I buy my mats, using the addon AuctionLite.

Mobile Auction House

So having moved house, I've had no internet access at home since 30th June and it won't be connected up in the new place until 20th July.

So to get my gold fix I subbed to the mobile auction house and have used that to make over 20,000G in the last two weeks, purely from selling off my stock of enchanting scrolls and rare gems.  I've not touched the glyph industry at all as a maximum of 200 posts per day doesn't really meet the demands of playing that market and posting everything individually would have been a nightmare - it was bad enough with the rare gems!!

Amazing website

I came across this post at WarcraftEcon in my reader today.

Its a preview of an amazing looking website, the Undermine Journal, which is essentially a full market analysis of your specific realm's economy.  Unfortunately, its limited to a few US realms only, but hopefully as it develops (it's still in alpha), it'll support us on this side of the pond too.

Check it out!

The Work Force - Shintarg

Next is my Shaman, Shintarg who dinged 80 last night.  Thanks to the fiscal efforts of Felica and his first random heroic being the Forge of Souls , he's already got a 4700GS.