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 CutThis 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.
  • AHAuction House.
  • A banker or Bank CharacterIs 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.
  • BMAHThe 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. 
  • BoEItems that get soulbounded when they are equipped.
  • BoostingLeveling up someone else’s character in a significant way.
  • BoPItems that get soulbounded when they are picked up.
  • Bot or BottingA character that farms herbs, ore, and other items being controlled by automated software.
  • Break-EvenSelling something with having a loss, cost, or profit.
  • CancelingRemoving an auction from the auction house before it gets expired.
  • CapitalCapital is the amount of gold and the value of items you have in possession.
  • CDCooldown 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.
  • ConsumableAn item that is used by a character to gain a certain benefit depending on the item. Will disappear after it’s used.
  • CraftingUsing a certain profession to create a certain item from certain materials.
  • Crafting CostThe price of the total amount of materials and time that is needed to craft an item.
  • Cutting LossesMinimizing the losses by selling an item that you know won’t make any profit.
  • DEDisenchanting
  • Deposit CostThe 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 ValueThe value gear has when disenchanting it into dust, shard, or crystals.
  • ExpensesGold that is used for buying anything in-game with gold.
  • ExpiresAuctions 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.
  • FlippingBuying an item or material to sell again for a higher price.
  • Gathering – Collecting materials with a profession like ore, herb, and leather/hides.
  • GearWeapons, 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.
  • HyperspawnThis 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 iLvlA level that represents a piece of gear or all gear on a character.
  • Investing or investmentsSpending gold on professions or items that will create new and better opportunities.
  • Liquid GoldThe gold that you actually carry on you and can be used for spending.
  • LIVLooted Item Value
  • Market ValueA term that is used by TradeSkillMaster addon users. It determines the average price/value of an item or material or your realm.
  • MatShort word for material (mats = materials).
  • Mat PriceThe calculated value of a material of an item that is based on one more different way.
  • Milling ValueThe pigment value you get from milling herbs.
  • Mining – Mining ore by searching for ore deposits or nodes and using the profession mining.
  • Multi-BoxingHaving multiple accounts active with characters that all follow the same command. Mostly seen farming herbs, ore, mob farming spots, and hyperspawns.
  • Old WorldMostly used to describe noncurrent materials or items.
  • Opportunity CostMissing out on potential profit.
  • Over CuttingPosting auctions for a higher price than the actual buyout price.
  • OverflowWhen there is a higher amount offered then actually needed.
  • Potential ValueA situation that has the opportunity to create more gold.
  • Price WallIs 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 ChancesThe chance multiple items will get created for one single craft. ‘Transmutes, flasks, elixirs, and potions’.
  • ProfessionsLabor 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 KitA bundle of materials that are being sold for leveling up a profession.
  • ProfitThe amount of gold left over after expenses and if investments.
  • Prospecting ValueThe value of gems you get from prospecting ore. 
  • Raw Gold FarmingKilling mobs to loot them for gold and items that can be sold to a vendor.
  • ReagentThis is a currency, item, or material that is needed for crafting, quests, turn-ins for rep, and exchanges for other items or gear.
  • RealmIs a server in World of Warcraft that people play on.
  • RegionContinents 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-postingPosting an item or material on the auction house that has been canceled or expired on the auction house.
  • RevenueThe total income from a sale or sales over a period of time.
  • ROIReturn on Investment. The income you get back from an investment.
  • Secondary MarketA market that isn’t for the main gold income.
  • Secondary ProfessionsAre the professions you can pick next to the two main professions you can pick. You can pick them all; ‘archaeology, cooking, and fishing’.
  • ShuffleA 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 ResetBuying all the materials and items on the auction house till a certain price or gap.
  • Stock – A number of particular items.
  • Supply and DemandThe 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.
  • TSMThe addon TradeSkillMaster.
  • TUJThe 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 PriceThe price of a material or item you pay to the vendor.
  • Vendor Sell PriceThe price of a material or item the vendor pays you.
  • Vendor ShuffleBuying materials that can be crafted into an item that has more value when you vendor it.
  • WTBWant to buy.
  • WTSWant to sell.
  • WTTWant to trade.

Up-To-date

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

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