Gold Making Terms

Gold making terms. You see them daily in any gold making community or from a gold maker. Flipping, GPH, Mats, market value, WTS. All kinds of gold making terms that can make for some the eyebrows go up. But no worries. In this list, I will try to explain the most common gold making terms.

Terms

Addon – A tool or extension that helps with showing certain info in-game.
Alt – This is an abbreviation for an alternate character. It’s the other character(s) next to the main character.
Auction House Cut – This is a fee the auction house takes when someone buys an item from the auction that you posted (5% of the selling price).
Auction Shuffle – Buying materials to craft something that has combined a higher selling value on the auction house.
AH – Auction House.
A banker or Bank Character – Is a character that is the central point of the gold income and manages the sales, the bank, or gets all the items sent from other owned characters.
Bid – A minimum price you set on an item to sell it for. People can bid each other out by setting a higher bid.
BMAH – The Black Market Auction House where you can buy rare and removed pets, mounts, toys, transmog, and loot box, by bidding the highest price until the time is up.
BoE – Items that get soulbounded when they are equipped.
Boosting – Leveling up someone else’s character in a significant way.
BoP – Items that get soulbounded when they are picked up.
Bot or Botting – A character that farms herbs, ore, and other items being controlled by automated software.
Break-Even – Selling something with having a loss, cost, or profit.
Canceling – Removing an auction from the auction house before it gets expired.
Capital – Capital is the amount of gold and the value of items you have in possession.
CD – Cooldown of a craft, item or spell until it can be used again.
CoD – Cash on Delivery. You can send an item(s) by mail with a price to a buyer. When he/she receives the mail he/she needs to pay the asking price to get the item(s). the paid price will be sent back to the seller.
Consumable – An item that is used by a character to gain a certain benefit depending on the item. Will disappear after it’s used.
Crafting – Using a certain profession to create a certain item from certain materials.
Crafting Cost – The price of the total amount of materials and time that is needed to craft an item.
Cutting Losses – Minimizing the losses by selling an item that you know won’t make any profit.
DE – Disenchanting
Deposit Cost – The price you have to pay to post an item on the auction house for a certain time period. 12h = 15%, 24h = 30%, 48h = 60% of the vendor sell price.
Destroy Value – The value an item has when changing it into something else like. ‘Disenchanting, milling prospecting.
Disenchant Value – The value gear has when disenchanting it into dust, shard, or crystals.
Expenses – Gold that is used for buying anything in-game with gold.
Expires – Auctions that run out of time and haven’t been bought or have bid price. These auctions will automatically be mailed back to the seller.
Farming – Gathering gold, items, and materials by killing mobs or picking up items.
Flipping – Buying an item or material to sell again for a higher price.
Gathering – Collecting materials with a profession like ore, herb, and leather/hides.
Gear – Weapons, armor, and other wearables that are used for the looks of a character or give the character an increase of power.
Gold Cap – The maximum amount of gold one character can carry (9.999.999 gold).
GPH – ‘Gold Per Hour’. A term used by farmers to determine how much gold a dungeon or farming spot will bring per hour.
Hard Reset – Buying up all materials or items on the auction house to reset the market price on your realm.
Herbing – Herbing herbs by looking for plants with the profession herbalism.
Hyperspawn – This is a way to let mobs spawn by killing them on certain spots at the same time. This will make the game spawn mobs faster on certain spots.
iLevel or iLvl – A level that represents a piece of gear or all gear on a character.
Investing or investments – Spending gold on professions or items that will create new and better opportunities.
Liquid Gold – The gold that you actually carry on you and can be used for spending.
LIV – Looted Item Value
Market Value – A term that is used by TradeSkillMaster addon users. It determines the average price/value of an item or material or your realm.
Mat – Short word for material (mats = materials).
Mat Price – The calculated value of a material of an item that is based on one more different way.
Milling Value – The pigment value you get from milling herbs.
Mining – Mining ore by searching for ore deposits or nodes and using the profession mining.
Multi-Boxing – Having multiple accounts active with characters that all follow the same command. Mostly seen farming herbs, ore, mob farming spots, and hyperspawns.
Old World – Mostly used to describe noncurrent materials or items.
Opportunity Cost – Missing out on potential profit.
Over Cutting – Posting auctions for a higher price than the actual buyout price.
Overflow – When there is a higher amount offered then actually needed.
Potential Value – A situation that has the opportunity to create more gold.
Price Wall – Is a term that is used when there is a lot of a specific item on the auction house for a price that won’t change and is too much to buy.
Proc Chances – The chance multiple items will get created for one single craft. ‘Transmutes, flasks, elixirs, and potions’.
Professions – Labor you can do in-game to create other items by using materials. You can only pick two professions per character. ‘Alchemy, blacksmith, enchanting, engineering, herbalism, inscription, jewelcrafting, leatherworking, mining, and tailoring’.
Profession Kit – A bundle of materials that are being sold for leveling up a profession.
Profit – The amount of gold left over after expenses and if investments.
Prospecting Value – The value of gems you get from prospecting ore.
Raw Gold Farming – Killing mobs to loot them for gold and items that can be sold to a vendor.
Reagent – This is a currency, item, or material that is needed for crafting, quests, turn-ins for rep, and exchanges for other items or gear.
Realm – Is a server in World of Warcraft that people play on.
Region – Continents of realm clusters: ‘EU, NA, Chinese, Korean and Taiwan regions’.
Region Value – A term that is used by Tradeskillmaster addon users. It determines the average price/value of an item or material or your region.
Re-posting – Posting an item or material on the auction house that has been canceled or expired on the auction house.
Revenue – The total income from a sale or sales over a period of time.
ROI – Return on Investment. The income you get back from an investment.
Secondary Market – A market that isn’t for the main gold income.
Secondary Professions – Are the professions you can pick next to the two main professions you can pick. You can pick them all; ‘archaeology, cooking, and fishing’.
Shuffle – A shuffle is when one or multiple items gets changed into something else, like with crafting
Snipe or Sniping – Buying an item or material for an x price that is just being posted.
Soft Reset – Buying all the materials and items on the auction house till a certain price or gap.
Stock – A number of particular items.
Supply and Demand – The amount of stock compared to how much and many want to buy it.
Transmog – (also known as Tmog or Xmog) is the look of a piece of gear that can change to the piece of gear that he/she is wearing.
TSM – The addon TradeSkillMaster.
TUJ – The Undermine Journal website.
Twink – A character that isn’t maxed level but has a very high ilvl for the character of his level.
Undercutting – Selling an item or material on the auction house for less than the seller after you.
Vendor Buy Price – The price of a material or item you pay to the vendor.
Vendor Sell Price – The price of a material or item the vendor pays you.
Vendor Shuffle – Buying materials that can be crafted into an item that has more value when you vendor it.
WTB – Want to buy.
WTS – Want to sell.
WTT – Want to trade.

Up-To-date

I will try to keeping this list of gold making terms up-to-date as much as I can.