Diversity In Your Gold Making

This week I would like to talk about one of the more important things when trying to hit gold cap, diversity.  While I am sure there are some items out there that you can craft and make decent sums of money, what happens when some yahoo comes along and drives the price into oblivion.  Even worse when it drives it to the price just above mats, but where its not really profitable for you to buy the item. Now since your only source of income is toast you have no gold coming in. I ran into this when I first got into the game and was only making leg armors.

My first article on here, Leatherworking: Gold Making Guide shows at the time what I thought was a wide range of items I crafted. Since then I have added the entire Swiftarrow level 78 pvp mail set. Which on a side note mats cost me around 50g per item and I sell them for 150-175g ea, and sell probably 2 full sets per week. Since then I have also payed much closer attention to the Icescale and Frosthide leg armor markets and have more aggressively bought them out when they get around 120, clear out the AH and repost for 200g. My point is that because I have continued to expand what I craft and sell with my leatherworking my gold continues to come in at an ever increasing rate. While I still make most of my money on the epic BOE armors, I now have a very nice steady stream of income from all the other 100-200g items to offset those days where you don’t sell any epic armors.

The same applies for enchanting and jewelcrafting. I first had maybe half of the regularly used Northrend enchants up in the AH. Then the admin of this site pointed me to wowpopular.com, and since then I have the rest of the frequently used enchants and my income from enchanting is at a much steadier and increasing rate. Furthermore, I began looking into leveling and twink enchants and started posting those as well.  The same applies for JC as well, I used wowpopular to figure out the most used gems, and continue to add to my arsenal.

I as well as anyone shouldn’t be suprised by this notion. In real life do you put all of your money into one company’s stocks? No, you get into some sort of mutual fund, or you yourself spread your money into various different companies in different fields so if one goes bust, you aren’t totally screwed.

On a personal note, this weekened was big for me because after working towards gold cap for about 7 weeks I hit the halfway mark this weekend. So shouldn’t be to much longer before i get to write my own Hall of Fame post. Have a great week and I look forward to your comments and feedback.