How to Make Gold in World of Warcraft
How to make gold in the World of Warcraft is a vast concept. However, there are many ways in World of Warcraft you can make gold. First, you have to find out what suits you and how much gold you want to make. Some will cost less time but requires a lot of knowledge others are easy to get into but have their limitations. In this guide, I will cover the ways that you can make gold.
There are also a lot of terms used in gold making. It would be wise to check this.
Types of Gold Making
There are a couple of ways to make gold. You can pick one, combine, or take a more advanced approach to these types of gold making.
Here are the types of gold making;
- Raw Gold Farming Killing mobs generate liquid gold and items that you can sell to the vendor.
- Farming Materials & Items Farming ore, herbs, and killing mobs for items and gear. Everything you farm can be sold at the auction house or used for crafting.
- Crafting With crafting, you can create a new item with a higher value than the materials combined. You can do this with professions.
- Flipping Buying low, selling high.
- Services Selling a service to other players like; level boosting, gear, or achievement runs. Communities sell these services with a fully organized system, from advertiser, booster, or manager.
Where do I Start Making Gold?
Making gold is not always that easy. However, some types of gold making are easier to start with first.
Farming Raw Gold, Materials, and Items
Farming is pretty straightforward. It would be best to have a max-level character, a few handy add-ons like GatherMate2 for gathering ores, herbs, and other hidden items. Do a bit of research on farm spots and some tips & tricks like speed Druids. Also, check your auction house, see what’s low on stock, and have a decent farm value.
To craft, you will need two or more professions to start with and a high enough profession skill to craft decent items. The best is to craft from old and current content to have diversity. The same rule here, check what sells and is valuable enough to craft on your realm. For crafting, I recommend the add-on TradeSkillMaster to calculate the profit and to buy materials to craft with (unless you farm them yourself).
For flipping, you will need four things, knowledge, experience, the TradeSkillMaster add-on, and a decent amount of gold (40.000+ gold). For making gold with flipping, knowledge is an essential source. What and to buy, resetting prices, when to and how much to sell. It’s min-maxing at its best. I also highly recommend looking up websites like The Undermine Journal to find deals and the best moments to sell them. You can get loads of data from those kinds of websites, which will help you flip a lot.
When it comes to selling boost, you will need the know-how, the gear, and the patience to do this. The only way you will be able to sell these kinds of services is by advertising the trade chat and the Discords that allow it. When selling runs for gear and achievements, you need to be in a guild or community that organizes these runs.
I recommend you watch/follow/chat with other gold makers for any gold making and ask them questions. That’s why they make guides about gold making.
Pros and Cons
All these types of gold making have their good sides and bad sides.
Farming Raw Gold, Materials, and Items
- Cheap and doesn’t cost gold to farm. However, it does cost time, and you should evaluate that into the gold price.
- No risk of losing gold
- It costs a lot of time.
- Not always that rewarding
- There is a maximum you can gather. You can expand that by multi-boxing, but also, that has its limits.
- Valuable items have a lower drop chance, so you need to be lucky.
- Adding more items to the auction house isn’t always a good thing. The longer it takes to sell, the bigger the chance is that prices will drop because of the waiting.
- Create more value out of the value of materials.
- Craft what is needed, like consumables. Those are always needed.
- You can buy the materials and craft directly to sell for a profit. It costs less time and will let you do more crafting. Min maxing.
- Farming the mats will also work. It will create more value than you farmed, but it does cost more time.
- There is competition with other crafters
- Buying the materials can have a risk, but that depends on the market, competition, period of the expansion.
- Crafting has its limit depending if you can get the mats (for a reasonable price)
- You need to invest time and gold to skill up crafting
- Not easy to expand after you got all the professions in your realm.
- The profits can be huge
- It costs minimum effort and time to make a profit, min-maxing at its best
- There is no limit on how many profit possibilities you can create
- No luck is needed to get You can sell the items with-profits
- It’s easy to expand to other realms to flip and spread your income
- You can diversify your gold-making a lot and easy
- You can lose gold
- There is some competition you may have to compete with
- You will need to have decent capital to start with
- It can take some time to sell things depending on the expansion, competition, and need for the item you’re selling.
- No risk
- It is a vast amount of gold, depending on what you are doing and how much time it will take.
- Join a community can be fun.
- Join a boosting community
- You will need to have some patience
- Advertise a lot in trade chat or other kinds of mediums like Discord
- It no easy to expand
Things to Keep in Mind
“Don’t calculate yourself rich.”
Making gold should be fun. Otherwise, what is the point of doing it right? I can’t decide what you need to do, but give it all a try and some time. You don’t become a gold maker overnight or, in most cases, in 3 months. Also, think of what you want to achieve. Do you want to pay for your game time each month, or do you want to buy those rare TCG mounts that cost millions?
But don’t calculate yourself rich. Like farming, high-value transmog won’t make you rich until you sell it. You need to farm and post a lot. That will cost time and gold. It’s like winning a lottery ticket to have a chance to win a prize. One piece of advice I can give you is don’t waste time.
What I always say: ‘It ain’t gold until it’s sold or in other words, don’t calculate yourself rich.