Gold Making Terms

Gold making terms, you see them daily in the gold making community coming by. From Flipping to GPH, mats, market value, WTS, and many more. All kinds of gold making terms that can be very frustrating, 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.
Auctions – The currently posted items 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 your auction from the auction house. TradeSkillMaster users will also say ‘Cancel Scanning’ which means using the TradeSkillMaster addon to scan your auctions on the auction house and see if they needed to be canceled.
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 than actually needed.
Posting – Creating an auction on the auction house. TradeSkillMaster users will also use the word ‘Posting Scan’. It means using the TradeSkillMaster addon to scan the auction house so it knows what and how to post an auction based on your preferences.
Potential Value – A situation that has the opportunity to create more gold.
Price Wall – This 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 them all; ‘archaeology, cooking, and fishing’.
Shuffle – A shuffle is when one or multiple materials or 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 or items of the same kind on the auction house till a certain price gap.
Stock – Several particular items.
Supply and Demand – The amount of stock compared to the need of the material or item.
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.
TCG – Trade Card Game, that once was a popular World of Warcraft cardboard game. Some cards were loot cards for the online game World of Warcraft and could be obtained by using the unique keycode on the card.
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 buy from the vendor.
Vendor Sell Price – The price of a material or item that you sell to the vendor.
Vendor Shuffle – Item(s) that can be crafted or changed into a new 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.