World of Warcraft Gold Farming Tips

[Donnie Peters]

World of Warcraft Gold Farming Tips are plentiful, but gold farming is
a tough business. Have you ever wondered why some items in World of
Warcraft sell for a lot of gold and then other items for mere silver
or copper?
Even more so, you notice that on other servers the same items are
fetching huge amounts at the auction house.
Well, World of Warcraft fans, the economy of the game is very much
like a real world free market economy. Supply and demand is a very
important lesson with regards to World of Warcraft...especially for
you gold farmers out there!
So, what does this mean exactly? Well on some of the older servers,
you have a whole legion of seasoned players who can go anywhere and
harvest just about any thing in the game pretty easily. This means
that if you are a young, new entrepreneur to the game, you are going
to want to do one of two things. You might want to consider a newer
server where many of the player characters are young (low level). Or,
you might want to concentrate on some of the lesser harvested items
that people do need regularly. (Supply vs Demand)
The second option might not yield as much silver/gold in each sitting,
but over time you can amass great wealth by being consistent with it.
Plus, you build a reputation of being the go to person when someone
needs something.
Let's review supply and demand a little more. When you are at the
auction house, take a look at what items are being sold. Look at how
many listings, pricing etc. This is your research component. High
supply with low demand is going to equal poor results for you the
seller. Obviously you want to look for high demand with low supply ie
tough to get items.
In World of Warcraft, tough to get items doesn't always mean hard to
find...they could be items that people just hate to have to grind out.
The dirty jobs if you will. Trust me, in the real world, there are
plenty of dirty jobs out there that no one wants, but someone does and
gets paid for well!
Here is an idea that is used well in real world free market
economies...control the market. Where have we seen this? Dell
Computers, Microsoft, AT&T are all examples of conglomerates that
have or had control of their markets and therefore could command or
dictate a price.
This same idea can be used in World of Warcraft by finding ways to be
the sole seller of an item. If you are looking to sell an item that is
currently being sold for far less than it should be at an auction
house, this might be an opportunity for you. If you can purchase all
of those items and then re-list them at a higher price, you might be
able to drive the market for some time.
The World of Warcraft Economy is very much like a real world free
market economy. Try to use things you have seen or observed in the
real world and apply them to the game, who knows you may be able to
get rich!