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395,000 Guild Wars 2 Visitors in 2012

5 comments

The title says it all: 395,000 people have visited Guild Wars 2 Trading Post since the site was started back in July of this year. I'd like to thank you for being one of those people, and perhaps responsible for many others coming here as well. The power of word of mouth is incredible, as is evidenced by the vast majority of visitors coming from Google.

If you have a friend asking for tips, here's a link for some of my top posts from 2012 that you can share with friends when they ask you how you're making so much gold in Guild Wars 2: 99 Gold Making Tips

Moving forward, I would appreciate any questions you have for me that I can answer in 2013. Ways to make gold, stumbling blocks, etc. Happy New Year!

What Impulse Buyers Actually Buy

2 comments

I'll let you in on a little secret today. Actually, it's a big secret and I know I'm going to have the usual angry suspects. Sorry in advance!

Players tend to focus on their gear (set armor) and carefully buy, plan for, etc their main pieces. I know that I've fallen for this as well, so I got to believe it's somewhat common. The economic influences are the most telling though.

When looking at trinkets, toughness items have the unusual economic properties of low buy order price and high sell order price. It's a flipper's playground, and has been since the game's release. But WHY?! Don't worry, no cliffhanger awaits you with this post. I'll tell you exactly why.

Actually, I already told you. Players carefully pick and buy their armor, but they leave their rings, amulets, and accessories as last minute, impulsive purchases. If you buy an entire set of say, Berserker armor, then you don't have a lot of survivability. The only way to get that survivability is to grab toughness or similar properties on trinkets.

This process happens throughout the entire game, and like most markets, I would advise playing anything below level 80 because of the heavy competition at the top of the economy.

People make even more impulsive buys when leveling, so that's an easy area to target for newer flippers.

If you see a toughness ring that's worth 2 silver and has buy orders for 1 silver, you should put 25 buy orders down. That's how I play the impulsive toughness market, and I end up with nearly every item sold every single day.

Hope you're all having a fabulous holiday,

Markco

99 Tips for the GW2 Trading Post

4 comments

I've only included posts that went live after Guild Wars 2 was released and are still valuable for gold makers like yourself. Enjoy these 99 tips to the Guild Wars 2 Trading Post!

1. Copper Harvesting Sickle, Logging Axe, Mining Pick...

If you're brand new to the game and starting your first character, make sure that you read this!

2. Weapon Smithing Discover Recipes

Read this if you aren't aware of how to get discover recipes quickly and efficiently.

3. Strawberry Patch Farming Spot

Here's a little traveled area with tons of strawberries to pick.

 4. Queensdale Copper Farming Route

Fast little route for farming copper nodes in Queensdale.

5. Already Found Farming Exploit in Gendarran Fields

This is no where near as good as it used to be. But still worth it for someone short on copper.

6. Overflow Server Farming Tip

Warning! It has been said that abusing this tip will lead to getting banned! So use it once in a while, but never more than twice in the same day.

7. Selling Unidentified Dyes: Why Gamblers Rock

This was my first really epic tip, and to this day it's still smarter to sell unidentified dyes than try and identify them.

8. 6 Steps to Making Your First Gold

Some of these are pretty epic for new players, especially the use of black lion tools in WvW.

9. Rich Mineral Veins Always Spawn Here

Tips on finding rich mineral veins on your server.

10. Farming Jute Scraps

How to farm Jute Scraps.

11. Vial of Weak Blood Farming Spot

Weak bloods used to be worth an incredible amount of gold. Now it's barely worth the effort at times to farm them!

12.  Make Gold Selling Weapons in Guild Wars 2

Weapons are one of the easiest and fastest item categories to sell.

13. Easy Gold Ore Farming Spot

Good spot to stop at while farming for gold.

14. Farming Spot: Peridot Nuggets and Piles of Radiant...

If you're going to farm a single area (which has become less effective thanks to anti-botting code), definitely give these monsters a shot because they drop both piles of radiant dust and peridot nuggets.

15. 9 Tips to Making First Gold

A few more tips than the last post I did earlier.

16. Using Buy Orders to Make Gold

Nifty, outside the box thinking kind of post. The kind that makes you gold consistently.

17. Vial of Blood Gold Farming Spot

Again, blood items used to be worth far more than they are now.

18. Small Claw Gold Farming Spot

Good areas for getting Small Claws that are all close together.

19. Noobs and Gold Guides

Two of my favorite subjects! hehe.

20. How to Use the Mystic Forge

A few pointers, somewhat outdated now.

21. Buy Mystic Coins and Sticks of Butter

Avoid the advice on butter, but definitely heed the warning on Mystic Coins.

22. Take Note of ArenaNet Correcting the Economy

Ultra important for speculators.

23. 12 Gold Per Hour Flipping Method

This was when I first realized that flipping was the best way to play the trading post early on in any auctioneer's career.

24.  Master's Salvage Kit Gold Making

Great way to save gold with a little searching.

25.  Video Gold Guide (12 Gold Per Hour)

#23 explained in video form.

26. Easy Gold Making: Flipping Rare Dyes

Easy peasy flipping method.

27. How to get 250 Mystic Salvage Kits

Check the gem prices before attempting!

28. Skill Points to Gold : Miyani Mystic Forge Vendor

Need to get rid of skill points? Here's one method that gets you gold.

29. Making Gold by Flipping Rings

More flipping methods for the insatiable flippers out there.

30. Make Gold with Tailoring Discipline

A good basis for crafting strategies in general.

31.  Vial of Thick Blood Gold Farming Spot

Easy spot for grabbing lots of thick blood.

32. Cauliflower and Experience Farming Spot

Cauliflower sells well and it gives a good bit of experience to boot. Watch out for the veteran there though...

33.  How I Lost Nine Gold Today

Some days you win and other days you WTFPWNEDBBQ lose.

34. Buy Pink Dye for Breast Cancer Awareness Month

First time in the game's history that a "seasonal" event in the real world effected the economy.

35. Jute Cloth Flipping and Secret Exposed

Make a few copper but also learn a great secret.

36. Damn THIS Is A Gold Guide

BOOKMARK THIS ONE. It's probably the best post I've written on this blog. By far the most visited page on the site as well.

37. Undercutting Bots, What Do I Do?

Delusions and answers to the botting problem.

38. Stop Buying So Much

Simple message but hard to swallow.

39. Trading Post Fee Calculator

Handy tool.

40. Flipping the Flippers

Seems to happen in every MMO I play, and it's hilariously awesome.

41. Diversity is the key

So simple yet so hard to maintain!

42. Crafting Costs by GW2Spidy

GW2Spidy is a great tool, so check them out.

43. Share Your Gold Making Ideas

READ THE COMMENTS ON THIS POST. Seriously, they are epic.

44. What if We Have No Halloween Items to Sell?

Some tips for the less fortunate Halloween players.

45. Check Your Deposited Collectibles for Gold

I like to open this up every few days and enjoy the random piles of gold.

46. Selling Level 80 Rare Weapons

Some simple tips to selling weapons.

47. Video Guide to Selling Weapons

Weapon tips across the board in video form.

48. Why I'm Still Flipping on the Trading Post

Feel good, don't stop, keep going kind of post.

49. When to Cancel Buy and Sell Orders

General rule of thumb.

50. I Just Need 20 More Gold

This mentality drives me nuts!

51. Crafting Mid Level Weapons for Big Profits

Some much needed crafting love on this blog.

52. What to do with High Level Materials

If your answer is the vendor I am going to strangle you. Lovingly.

53. Om Nom Nom Nom Berry

A few tips on our favorite berries.

54. Upgrade Humps

My lovely upgrade humps. Check it out!

55. Selling Boots for Higher Profit Margins

Not sure why they designed the game this way, but knowing it has increased the amount of money I make significantly.

56.  The Golden Secret

SHHHHH! It's a secret to everybody.

57. Farming Is Fun

Seriously, how often do you get to say that in an MMO?

58. System for Making Gold

This is something you'll need to be successful.

59. Making Gold During Halloween

A few ghoulish tips.

60. Don't Bot Me Bro

Why you shouldn't worry about bots.

61. Understanding the Systems of ArenaNet

This is key for speculating.

62. Recycling Items Sold Video

Helpful tips for trading post veterans and novices alike.

63. Financial Investments Versus Upgrades

Once again, my attempt to mold you into a finely tuned auctioneer.

64. Price of Gems During Halloween

Going up seems to be the trend for gems on every holiday.

65. Oh No! The Market is Stabilizing!

My favorite complaint from novices.

66. Middle of the Market

Where the money is of course!

67. Law of Supply and Demand

Simple economics for a not so simple world.

68. Fear and Hope in the Trading Post

I got a lot of criticism for this post, but I believe that it's spot on.

69. Tp Calc For Your IPHONE!

Helpful little app for your smart phone.

70. Don't Panic Over Old News

Seriously, there is no need to panic. Yet.

71. - 86.

87.  Little Guild Wars 2 Secret

Another simple yet effective secret to share with you.

88. Thanksgiving Holiday Weekend

Good general tips for holidays, even ones that are not associated with an in game event.

89.  Making Money Instead of Gold

We need more bloggers, so join the cause (and make some money too)!

90.  Two Quick Questions about Making Gold in GW2

And the answers too of course.

91.  How to Find Great Deals on Trading Post

It's a lot easier than you think.

92. Fat Thumbs on Small Cell Phones

Sigh. Salvaging tip's at the bottom so I included this one in this list.

93.  Is this the Mad Money Show of GW2?

This is so freaking true. DEFINITELY READ THIS. Especially if you impulsively follow my advice.

94. Flipping Giant Wintersday Gifts

Spread some holiday cheer and fill your coffers like Uncle Scrooge. It's the best of both worlds.

95. 5 Ways to Make Gold: Wintersday Gold Guide

A few of these work, some are outdated. Read the comments for details on which ones have worked for people and which haven't.

96. Successful at Making Gold

More like a life tip than a gold tip.

97. GW2 Crafting Gold

Much like the "middleman" post.

98. Guild Wars Trade

Helpful site with a lot of cool features.

99. Making Realistic Gold in Guild Wars 2

Be realistic and you'll reach your dreams.

Making Realistic Gold in Guild Wars 2

6 comments

I've noticed something of late in the emails that come every day to my mailbox. Many of them are following the theme of people grasping at straws hoping for a get rich quick scheme from me. I understand the motivation, but there is no way to cheat at the Guild Wars 2 economy. You have to play smart and frugal until you amass enough income to purchase large quantities of materials, armor, mini's, gems, etc. Even then, you'll be lucky to get back 30% profit on the money you invest each day.

Just flipping items that I've suggested in the 30 day market guide and flipping strategy will earn you around 30-50% profit for your investment. So if you have 1 gold, that can become 1.3 to 1.5 gold in a night. If you have 100 gold, then it's 130 to 150 gold per 24 hour cycle.

Playing weekly cycles and speculating is where you can achieve much higher profit margins, but your risk is exponentially greater. Garlic has been a pretty consistent winner in terms of weekly speculating, but every once in a while it goes berserk and falls off in value. That's why I recommend speculating when you have a lot of gold and can afford to lose large portions of it. Even when you do speculate, you should still be crafting and flipping to offset bad days.

If you're looking for a get rich quick scheme for Guild Wars 2, you've come to the wrong place. Sorry, but I will help you achieve greatness the right way! Who knows, maybe it will carry over to other games or even real life.

Guild Wars Trade

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I'm loving a site I just discovered called Guild Wars Trade. Despite the fact that they've been around longer than GW2Spidy, I never happened to stumble up on it. Very glad I did, because this place is awesome!

One of the best sections is the recipe area, with its straight forward profit margins and required items per recipe. Maybe you can make some gold from crafting today with Guild Wars Trade Recipes!

I particularly like that the site is faster than GW2Spidy and it does a good job of showing less (which is more when you don't want to get overwhelmed by data).

Be sure to also look into their News Feed, it has reddit, forums, and sites like this one displayed all on one page.

GW2 Crafting Gold

8 comments

I'm not going to name any specifics. That's right, I'm not going to give you any examples whatsoever of crafting methods that work. I will, however, describe to you how I am making 10+ gold per day from the disciplines I currently use.

I'm the middle man, playing the markets between end product and base material. That alone is enough to get you looking in the right direction, but you need to use two additional tips to really make crafting work.

1. Get your materials for bid prices (buy what you can from vendors, as it is always cheaper than normal listings).
2. Sell your crafted items 1 copper beneath the nearest "wall" of unsold items. This could be several silver higher than the lowest amount!

You won't get where I am over night, but eventually you can achieve 10+ gold per day from crafting.

Another tip is knowing that prices tend to drop during certain points of the week for different materials.

Successful at Making Gold

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Stop trying to force success upon yourself. Success, in this case, is making lots of gold, and it's something you have to earn.

Yes, some people get lucky and discover a get rich quick scheme in Guild Wars 2. It happens because the game has a discovery system, which means that once everyone learns the same tip it becomes useless.

The things I teach, they don't dissapate when everyone uses them. The flipping tips, for example, have enabled hundreds of people to earn plenty of gold. At least enough to get moving on to bigger and better things. Crafting methods are another great way to succeed. You just have to diversify, especially when you're learning. Finally, I teach that weekly cycles help determine the price of items, and usually there is enough change between the highest high and lowest low to earn some gold.

Speculating should only be attempted by people who are masters of the trading post, not novices looking for quick fixes. It's high risk, high reward business, whereas someone new should be attempting low risk, low reward.

5 Ways to Make Gold: Wintersday Gold Guide

4 comments

#1. Make Gold During Wintersday with Sigils

You can flip the Minor, Major, and Superior Sigil of Generosity for serious profit. Just win with a bid and then undercut slightly to ensure that you sell (obviously still at a profit). You can use my Guide to Flipping if you're new to this method.

#2. Make Gold During Wintersday with Giant Wintersday Gifts

The time for opening Giant Wintersday Gifts is over. Instead, you should press refresh and slowly but surely buy out cheap Giant Wintersday Gifts. They fluctuate so quickly at times, especially the buy orders, that you can obtain them for cheaper than the current average going price. At the time of this writing, I was buying them for 1 silver 50 copper or less, and selling at 2 silver 20 copper. I eventually grew tired of making gold through such a repetitive and thoughtless method, but it does work!

#3. Make Gold During Wintersday with Orichalcum Plated Dowels

Instead of just buying and flipping these, I would highly suggest that you place buy orders on the Ancient Wood Planks and Orichalcum Ignots required to make these. Win the buy orders, craft the item, and sell for massive profits. The people buying these are crafting Giver's Orichalcum Imbued Inscription which is not a profitable item to flip by itself. However, if you win some buy orders for crafting materials and then make it yourself, you're sure to earn a nice chunk of change.

#4. Make Gold During Wintersday with Ugly Wool Hats

Flip em' old school just like the Giant Wintersday Gifts. Place your buy orders and sell whatever you end up getting for a copper less than the cheapest seller. Watch out for sudden drops in lowest price, and skip over these people to avoid taking a loss.

#5. Make Gold During Wintersday with Snowflake Mithril Ring of Winter

You can also use the Snowflake Mithril Earring of Winter. Both trinkets sell for far more than their buy order price. So much so that I almost exclusively used this method today. I love that the trinkets have +healing, +magic find, and +boon. Those three stats are so awesome for healers that want to be able to farm.

Have you found any other nice methods for making gold during Wintersday?

Flipping Giant Wintersday Gifts

2 comments

I have an example for you today of me buying Giant Wintersday Gifts for profit. You can absolutely flip them if you buy now and sell them later in the season (or their contents), but I'd much rather try to make gold now. Here is my first experiment with them so far, buying early on a Saturday morning.

Part of my strategy involved spamming refresh until the gifts were close to 2 silver each. No matter what you get an ugly wool sweater, so you always make back half the silver you spent if you buy at my price range.

First Attempt: 38 Silver for 18 Giant Wintersday Gifts


15.55 Silver for Drops of Magic Glue
19 Silver for Ugly Wool Sweaters
3.85 Silver for Flawless Snowflakes

Result: 38.4 Silver back (.4 Silver Profit)

Yes, I only made .4 silver, but there definitely appears to be an opportunity here for profit throughout the holiday season. On Monday morning I will be buying these things like crazy, emptying the contents, and then selling them by Friday of next week. It's all about being patient, as these items are MOVING FAST. Their prices fluctuate ridiculously quickly, and it makes the difference between profit and loss.

How to Prepare for Wintersday in GW2

11 comments

Here's my advice for how to prepare for Christmas (Wintersday) in Guild Wars 2.

You need to do two things.

1. Buy Gems now.

2. Buy BLC's now.

You can speculate on any number of other items in this game, but those two are guaranteed to be winners in my mind.

If you are sheepish about gold, at least buy the black lion chests. Come on, they went to 40 copper during halloween and this is freaking Christmas... with more people being able to participate due to vacations. There will be lots of new items coming out of the chests and the gem store itself. Plus, you'll probably have the largest number of people playing the game since release.

Great Product, Terrible Sales Page

7 comments



I've been listening a lot to your emails and trying my best to help each and every one of you. While I'm good at showing you ways to make gold, I have not had the time to play every profession and experiment with every discipline. In saying that, am by no means an expert in all aspects of playing Guild Wars 2. Obviously I definitely have the trading post down really well and I know just enough about each discipline and profession to make lots of gold, but I do not have enough knowledge to dominate every aspect of the game. So when you ask me for the best warrior build or the best gear for an elementalist (my own discipline), I don't always have a great answer for you. Since I don't have the time to experiment and discover these answers, I would like to recommend a product instead.

Finding a product that can fill in the gaps of what I've already shown you has been a very real challenge. For starters, the Forum here along with the blog should have seriously given you a leg up when it comes to making gold. To find something that can come close to complimenting such an advantage has proven to be a real stumbling block. On top of this, I needed to find an equally valuable leveling and crafting walk through all in the same guide. Oh, and by the way, it can't be too expensive. Many of you are already paying $10 per 6 months to use the forum here, so selling you a $47 product would be asinine.

Warrior One vs One Build
This left me with few options, and eventually I revisited a product that I had initially ignored. It didn't have the glitz and fancy feel of some other guides I had seen, but the one thing it possessed was valuable content all in one place. I really enjoyed reading the builds, like this example one for warriors in the image above, and I felt that every aspect of it was both useful and concise at the same time. Even a novice player can pick this guide up and start using it, but pros will also instantly realize the time and effort required to produce such short cuts to character building.

One final reason I waited so long to show you my favorite paid guide is the fact that the game was far too young before this point. With new events like the Lost Shores, I can see which guides are actually going to stick around for the long haul and provide updated information. This one definitely stepped up to the plate, and I'm sad to see it has no competition doing the same.

I'm never going to write a guide to leveling and building characters in Guild Wars 2. The only thing I'm planning on doing is maintaining the forum and this blog. So if you want to dominate every aspect of the game, save time building your perfect character, and get a leg up in pvp, then Guild Wars 2 Domination is the answer to the questions you've been sending me.



You'll notice from the get go that this guide has a horrible sales page. There isn't much information and it really fails to convey just how many great nuggets of detail are hidden within this beauty. Which I guess is a good thing for you, since so few people will ever see it!

It's also pretty cheap compared to other 'all-encompassing' guides about Guild Wars 2, and it is the only one I've seen with updates for lost shores. That's my recommendation if you want to spend money on the game, but if you do not, please respect those people that do.

Regardless of what you decide, I'm still going to be here giving you trading post tips constantly.

See you tomorrow,

Markco

30 Markets in 30 Days: #16

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!


Market #16: Burning Embers
Who can give up an easy 40 copper per trade? I sure can't! Pay attention to similar items of this category with even higher profit margins...

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Is this the Mad Money Show of GW2?

6 comments

Have you ever seen Mad Money? I haven't religiously watched it or anything, but on occasion I've laughed at the way Jim Cramer plays bull and bear sounds while yelling at me from the television. Jim tries to warn people of easy to avoid financial loss as well as small, easy winners on wall street. What ends up happening is a comical little side game where people with lots of money in the stock market are able to take advantage of the masses who follow Jim's advice. During the Olympics, Mad Money was aired at 1 PM during trading hours, and people followed Jim's advice in real time. Well, if he said buy a certain stock, then smart investors bought immediately and sold within an hour or two for a nice profit. If Jim said sell, then those individuals sold at first, but then bought at the end of the day.

Basically, certain people took advantage of the masses of inexperienced traders who followed Jim blindly.

I am starting to think that I could become the Jim Cramer of Guild Wars 2.

Perfect Example: Mystic Forge Node

I told people that this was one of my 30 Markets in 30 Days items. Basically it was an easy flip that made money daily for me. At the time of that posting, a Mystic Forge Node would cost you 30 silver. You know what it costs today? Over 3 gold! This is just one example, but I've noticed this sort of pattern for a long time now.

Like Mr. Cramer, my motive here is to give advice that helps people, and that advice similarly is both easy to follow and act upon. For these reasons, it's also easy to take advantage of people who follow it. Sorry, but that's just the nature of the beast that we call "the economy."

Next time I give you advice, I want you to do two things:

#1. Take whatever I say and figure out how it can be applied to other areas of the game's economy. If I tell you to flip a level 35 item, think about all the other level categories and why the same advice might apply there too. This will help diversify where people use my tips instead of everyone flipping the one item that I give as an example for the method.

#2. Read my advice with a grain of salt, and then think about how this information might change the market place. If I tell people to flip something, the competition will potentially raise it's price significantly. There are definitely ways to profit here both directly and indirectly. If the item in question affects another market, you might see changes there as well that are both easy to predict and react to.

My Guild Wars 2 has been acting up lately, and I was unable to log in all weekend. Just keeps crashing at start up and I think my graphics card my have issues. Will work to get it fixed asap.

Until then, what do you think of this blog so far? Is it helping you, in particular the emails and forums associated with this site? Where can I improve and more importantly, what do you need most?

Thank you to whomever the 1,000th reader was on this site, you made my day.

Jim Markco

30 Markets in 30 Days: #15

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #15: Mini Colocal



Mini's are a pretty reliable earner for me, especially because collectors tend to buy every mini on the trading post at once or in small groups. I often notice that several of my mini's sell in a short period of time, hence this conclusion, though it could be pure luck!

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #14

7 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #14: Mystic Forge Nodes


I'm sure there will be people pissed about revealing this market. Sorry, but that's just part of writing this blog, and believe me, I'm going to be sad to see it temporarily be less profitable. But as of this writing, you can almost sell back for double your investment when attempting to flip Mystic Forge Nodes. It's been a favorite of mine for a long time!

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #13

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #13: Large Claws



Unlucky 13 I guess, because Large Claws hit the top 10 traded items last night when I was writing this. Damn shame because their profit margin was greatly reduced soon after that happened. Still, I would recommend buying these in the morning and selling at night for a good 10-20 copper per large claw. They have fluctuated wildly for a long time, so don't invest more than a few silver at a time into these. Only good side to them is that there is always demand! Just got to grab 'em cheap and relist when the price is high enough for your liking.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Fat Thumbs on Small Cell Phones

3 comments

So yesterday I was waking up and checked my smart phone for new blog comments. Normally there is one or two patiently waiting to be approved, but on this particular Sunday morning there were eight! I selected the check mark for each one and then pushed approve. However, the message I received from my phone said "8 Comments have been Deleted." Good job fat thumbs! So I just want to say sorry to everyone who left a comment and had it deleted. I don't know who you are or what you said, all I know is that it was valuable information lost :(. I glimpsed something about an additional tip on the Queensdale copper farming route, 5 being the magic number for flipping armor, and someone laughing about forum credits.

Not a great way to start the week! Please, if you were one of the deleted comments, do your best to re-submit your questions/suggestions/tips once more. I'll do my best not to push delete!

For today's gold tip, Arsh emailed me this great advice:

"I just wanted to make sure it was noted to you that it might be good to mention to people that right now it'd be smart to keep an eye on the price of a Master's Salvage kit and it's worth vs Mystic Salvage Kits. As it is right now, it costs 2g 83s to make a Mystic Salvage kit. 20 Master's Salvage kits costs 3g. This difference is tiny compared to what it was a couple weeks ago.

If the gem prices rise much more, the Master's Salvage kits will be cheaper and thus more profitable to work with.

Hope that tip helps you make a good post.
Thanks again for all the great advice on your blog.

Arsh"

How to Find Great Deals on Trading Post

0 comments

I just wrote a post on the forums, under the "Markco's Crazy Thoughts" section, that details exactly how I manage to find so many great items worth salvaging on the trading post. There's no searching aimlessly and no guessing involved with this method. There's also a little trick I use, that another member showed me here, that literally reduces my time selling items by 50%.

If you're trying to level a new discipline, we've scoured the internet for the best free guides and compiled them here.

For the flipping junkies, we have a section appropriately named "the OFFICIAL XXXX is spiking HARD right now!" thread. Thank you JackBeShippin for the brilliant idea.

Overall I would say that the TP Extractor forums have been very successful, and I'm excited to see just how big/knowledgeable it will become as Guild Wars 2 evolves. Join the TP Extractor today!

Two Quick Questions about Making Gold in GW2

2 comments

"Markco,
Question 1.If I were to follow your guidelines and only stick to about a 5s profit for each item, how much money would I be able to make in a week?
Question 2. When buying these items, how many should I be buying at a time?"

Good questions! I had these in an email a few days ago and thought I'd answer on the blog instead of just one on one. I figure at least a few other people are thinking something similar.

Answer 1:

Sticking to 5 silver profit per item following my guide lines for flipping implies that the item is being bought at 5 silver and sold at 10 silver + 15% tax. Or perhaps you are flipping items from 15 silver to 20 silver + 15% tax. Either way, you need 2-4 times your profit as an investment before you can make any gold. If you have 1 gold and invest it all, then you will make back around 1 gold 50 silver from a single flipping cycle.

How many times can you flip? Also, how frequently are your items selling? Those are the kinds of questions that need to be answered before a realistic gold per week can be calculated. I find it pretty easy to at least make back 150% of your investment in a single cycle of buying and selling your flipped items. So if you start at 1 gold, it becomes 1.5 gold on day 2, 2.25 gold on day 3, etc.

As you get more gold, you can take risks and invest in longer term markets that give more than double investment profit. So it's not just a linear progression of 1.5x your investment each night at that point.

Answer 2:

I try to buy 1 and flip it. If that first one sells, then I buy two and flip. After that it's 5, followed by 25. That's the kind of pattern I personally follow. Eventually you find a happy number that tends to get completely bought and sold in a single night of trading.


Did these answers help?

30 Markets in 30 Days: #12

2 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #12: Chocolate Bars


At the moment these are on the rise, so they've become rather easy flips. In 2 minutes I flipped 100 chocolate bars for 7 silver profit, on top of everything else I was working on at the time. Come on now, who doesn't like chocolate bars?

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #11

4 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #11: Gossamer Crafting Materials


Crafting materials are almost always profitable flips. Why? Because people don't want to wait to craft, so they use buy out prices. They also don't want to hold on to outdated materials that no longer grant levels, so they sell to the highest buy order. This combination of poor decision making based on instinctual need instead of intellectual patience is where you can step in and make a profit.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #10

7 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #10: Strong Ring (level 44)


There's always a market for the weaker version of people's favorite items. This is because players usually can't afford the best and therefore are content to settle for second place over and over again when purchasing gear. While leveling, green upgrades are usually huge increases because players wait so long between each new piece. At level 44, many still have a sub level 20 item in at least one of their trinket slots. The Strong Ring can usually double your investment.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #9

4 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!


Market #9: Major Sigil of Bloodlust


Not everyone can afford exotic quality sigils and runes. For those people, yellow is their favorite color. A crafty player can get a lot more money flipping the rares instead of their exotic cousins because people see the huge difference in price and don't bother to place buy orders. The margins are almost always capable of giving you back double what you invested or close to it, while flipping exotics rarely is even worth 5% back in profit after fees.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Making Money Instead of Gold

4 comments

Thanks again for reading this blog. If you've been on the email list for a bit then you've probably heard me say "What can I do to help you?" more than a few times. I'd like to repeat that same question here, and try my best to answer your inquiries publicly.

So feel free to leave comments after reading this post, and I'll do my best to direct you to the proper links or other websites for answers. Now that my favorite question is out of the way, I'd like to talk to you about blogging.

Guild Wars 2 needs more bloggers. Period. I'm not saying that the current ones are bad, far from it, but there should be way more of them. When I look for blogs about this game, or even individual professions, I get mostly spam and garbage websites attempting to sell gold. Or worse, autoblogs peddling adsense all over the screen. We can change that by doing two things:

1. Improving the Google ranking of Guild Wars 2 blogs that already exist.

2. Getting you to blog if you don't already.

There are many incentives for blogging, and I understand that for most bloggers their website is a journal and hot spot for interacting with friends. They care little about "making it big" or becoming popular. Just a little social interaction and the occasional comment is enough to keep them going. Unfortunately, that kind of attitude doesn't get you to number one on Google.

Type in Guild Wars 2 Gold Guide. You'll see a familiar face (this website). I got there even though I started blogging about GW2 a week or two before it came out. There were already many established sites and lots of go-lucky bloggers that I already mentioned previously. Yet here we are today as the number one site. That is no accident, and it makes me really happy because I get to help people by showing them posts like my Flipping Guide. If I wasn't so far up the Google food chain, there would be only a handful of people utilizing my posts.

OK, so I can get there, but can I show others how to do it, including you? I believe that I can, and over the course of two months I put together a video series on how to do it. During two hours of videos and 300 pages of bonus material, I go through the secrets that you must understand to dominate Google and even make money online if that's your cup of tea. While this may seem overwhelming, I do my best to break each lesson up into a manageable chunk of useful, action-able information. So you won't be drooling in front of the computer screen for a few hours wondering if you'll ever remember anything I say.

With this new course, entitled So You Think You Can Blog and hosted on Udemy, I hope to help existing and future Guild Wars 2 websites to be successful. I am an anomaly in the blogging world, and over the past few years I've come to realize ten core reasons why that is so. You'll learn those and a hell of a lot more with this course.

So if you have some cash sitting around (I understand that most people don't, so I do consult and write about blogging on my Traffic Blogger for free), take a look at So You Think You Can Blog.

Thanks, and don't forget to leave gold making questions in the comments below.

30 Markets in 30 Days: #8

4 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #8: Jute Scrap


Another market for people that want to make money from selling in bulk is Jute Scrap. I buy up 1000 of these each day, and usually by night they've sold. At 2-3 copper profit each, that's around 27 silver for a few seconds of work.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Thanksgiving Holiday Weekend

3 comments

Anytime you have a holiday when most players are off to enjoy Guild Wars 2, you will have a large increase in sales volume. If you have any kind of stockpile, especially high end crafting materials, you should be able to unload the majority of them during this time. When a lot of bots were banned not too long ago, the price of things like saffron thread shot through the roof. This weekend is when you'll want to sell, sell, sell!

Everything from armor to weapons to sigils to runes to earrings to amulets, to tridents, to food! EVERYTHING will sell well and go up in value this weekend. Same goes for any major holiday with a three day weekend.

My guess is that Saturday will be the big hitter. Gems should also go up, but probably not enough to buy today and sell by the end of the weekend (due to the excessive gem selling fees).

Let me know how your Black Friday goes selling on the Trading Post, and I'll be back to giving out my 30 Markets in 30 Days posts tomorrow.

30 Markets in 30 Days: #7

2 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #7: Elder Wood Log


The way to play this market is simple: Don't be greedy and enjoy the free copper. I look for the "walls" in pricing for the high and the low. Then I buy at one copper over the wall and sell at one copper below the higher one. As an example, last night I was buying for 12 copper and selling at 17, while the "wall" prices were 11 buy order and 18 sell order. By coming over and under each wall I was able to sell at astonishing speeds. I highly advise doing this during peak play times/days.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Little Guild Wars 2 Secret

0 comments

I think that Dan hit the nail on the head with this email:

"Hey Markco

I will try to make this sound minimally sycophantic. Your blog on trading has rejuvenated my interest in gw2. Some of your posts have put into words trends that I was seeing but not recognizing.  I am genuinely thankful that you went to the effort of making the blog.
.
As far as my own trading I am making around 1-4g a day trading insignia, inscriptions and yellows. Exotics are trade-able but I hate the idea of tying up a 10ish gold for a night in competitive buy orders when I can make at least 20% of that in smaller markets.

Regarding future directions for your blog.

Perhaps you can talk/advise about situations where you are heavily undercut. Sometimes if I am undercut by 30-40% I will buy those and re-list them at my price. The reverse is also applicable. Some insignia have buy orders around 70c and sell orders of 10s (if you care I can look up which insignia this was). I was putting orders at 1s and repeatedly selling within minutes at 5s. I swear the people selling at 10s where buying me up as soon I listed ^^

Talking about player psychology and greed might be interesting. I keep telling my friends that it’s important not to be greedy. Just because you see a sell order that is 300% of the buy doesn’t mean you will sell at that price.  You only make profit when you actually sell, until then it’s a loss.

I'll join the forum these holidays.

Dan"

You're absolutely right Dan, although I think that in some cases your reasoning that people buy you out because you're too cheap is wrong. You are getting bought out because people are not willing to buy at the price above you! Especially when it comes to materials for crafting, most intelligent players will realize that they can craft the stuff themselves instead of buying at exorbitant prices. That item going for 20 silver can be crafted after buying the materials for like 15 silver. So you buying at 10 silver from those who just have extra and are dumping will sell best when flipped for under 15 silver. See the reasoning there?

For whatever the reason, there is an opportunity to sell your items faster by accepting a lower profit margin. Great point!

30 Markets in 30 Days: #6

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This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #6: Devout "Set" of Armor



I call it the Devout "Set" but really it's just four level 20 pieces of armor that have decent stats. But more importantly, they each have really nice profit margins. 2 Silver investment for a 9 Silver sale? I'll take that twenty times a day thank you!

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #5

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #5: Iron Ore


While not usually worth more than 1 or 2 copper flipped, I try to put a new buy order in every day for around 50-100 Iron Ore. It takes two seconds and will net me around a silver later in the day when I get back on and relist it. Have to wait in long lines for both the buy order and sell order, but the profit is nearly always guaranteed.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #4

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #4: Gold Dye


Don't worry, I won't make the rest of these 30 days about dyes, but I do want to show one dye that almost always makes you 8+ silver on each flip. That being Gold Dye of course! This dye sold particularly well during the start of fall and I believe that it will keep outselling most other dyes until Christmas. Red, White, and Green will probably dominate at that point.

(I wrote this at 2:28 AM last night, with my fifth glass of morgan and coke in hand, so please don't judge me for lack of imagination lol!)

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #3

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #3: Unidentified Dyes


Now at first glance these don't appear to be worth flipping. In almost all cases, the day you read this tip and check the price, you will actually lose money trying to perform the flip. What you have to do instead is buy on Monday and sell on Friday. Seems crazy, but the price really does change a lot each week. This week, just prior to Lost Shores patch, Unidentified Dye went from 4 silver on Monday to 7 silver on Friday. Since they sell almost instantly after posting, even for the current lowest seller rate, that's a pretty easy way to make gold. These also change during major holidays and events when more people are playing. I think that seasons play a big roll as well. Everyone wants orange for Halloween, white/red/green for Christmas, etc. Some would rather gamble than buy individual dyes, and I think that the bot ban also is contributing to increased dye prices.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

30 Markets in 30 Days: #2

0 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #1: Hearty Iron Plated Inscription


This crafted item is also a great thing to flip! There are days where you can literally double your money with this thing. A lot of inscription/insignia/etc type items are worth either crafting or flipping (or both!).

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site. 

30 Markets in 30 Days: #1

1 comments

This 30 day series of posts will showcase my absolute favorite items to flip in Guild Wars 2. If you need help identifying what's worth playing, or just need ideas of where to get started, then this is the place for you. Also keep in mind that a lot of the items worth flipping are also worth crafting!

Market #1: Carnelian Silver Stud of Strength



This sells so well because rares also start appearing around this level. Wait a second, but this is a masterwork right?! Yeah, and it sells great because people don't want to spend as much for an upgrade as the rares costs. Once you have a handful of markets like this one, you can realistically earn 50 silver a day flipping them. I place 25 buy orders per market and cancel/recreate the buy orders every 12-24 hours. Explore a bit and find other, similar markets.

Remember to check out my Guild Wars 2 Gold Guide if you're lost.

For the rest of the 30 markets, check back regularly and look at the "30 Markets in 30 Days" label on this site.

Favorite Activity in Guild Wars 2

5 comments

I gotta ask, what is your favorite thing to do in Guild Wars 2? Personally, I love to run around the map farming until I see someone in dire need of help. Then I charge head long into battle with little concern for my own safety. To me, it is so much fun rescuing a person who thinks they are totally screwed over and doomed to die.

Maybe you thought I was going to say something about making gold or getting great flips. No, I definitely enjoy the "THANK YOU!" that comes after rescuing someone from certain death.

Alright, your turn. What is your favorite thing to do in Guild Wars 2?

Don't Panick Over Old News

3 comments

I would like to share with you a link from Reddit that cleared up a lot for me about the surprising "new" items on the trading post. Things like the Personal Black Lion Merchant, Power Trader, Sealed Package of Snowballs, etc.

To quote the best explanation from that Reddit thread:

Unfortunately, these aren't anything new; rather, it seems to mostly be old items that accidentally got flagged for inclusion on the trading post, which is why they're just now showing up on the trading post scrapers. That number at the end of the URL is the Item ID, which counts upwards as new items are added (Halloween items, for example, are in the 3599x - 360xx range). The most recently-added item in this list is the Name Change Contract, which was first noticed around October 9th, and most others are significantly older.
The stat reset item was relevant back when attribute points were manually allocated, which would allow you to reset them. The Power Trader was probably designed at a time when the Trading Post had strict limitations. As for the "BWE Transform Weapons", they're clearly items intended for testing purposes - there's probably plenty of other similar items we aren't aware of.

So if you're panicking about what these Power Trader items are (we had a discussion about this on the forums on Saturday) there's nothing to worry about. If anything, it shows that Christmas will have a holiday event. But I guess we all kind of knew that already.

So yeah, no panicking over this news.

Regarding changes in the economy, if you look under the forums Markco's Crazy Thoughts, you can find a really timely tip I just wrote!

Tp Calc For Your IPHONE!

2 comments

Check it out, this is pretty cool!

TP CALC for your IPHONE

Thank you Tom for emailing me about this awesome tool. Much easier than my old method of using a TI-83!

Fear and Hope in the Trading Post

11 comments

Recently I talked about supply and demand being the levers which controlled price. This is a critical concept to understand because way too many people use previous prices as the gauge for determining future ones. Read that article if you do not understand my logic just yet.
For those of you who have caught up and done your homework, it's time for a second lecture on the subject of speculating. This time we're going to focus on hope and fear.

When hope is high and fear is low, people buy.

When hope is low and fear is high, people sell.

This is similar to supply and demand, but more focused on the reactions people will have regardless of supply versus demand. If everyone believes that a certain item will become worthless, then their fear will be high and their hope low, which leads to selling off the item. It doesn't matter what the supply and demand looks like, at least initially, because people are going to sell off their stocks out of fear.

When fear is high and hope is low, a wise economist will direct his or her attention to the supply and demand of a commodity instead of hope and fear surrounding it. They will think to themselves, "hmmm, supply is getting really high for this item, and demand is practically nothing. But I know that fears will eventually be assuaged, hope will eventually rise, and people will realize that they are panicking just like they always do."

As I like to say on every blog I write, economists should study psychology instead of math. But they all focus on trends and numbers, calculating formulas that will somehow tell them when prices will rise or fall.

No, silly mathmeticians, you cannot measure hope and fear. Eventhough you can predict supply and demand changes to an extent, perceived value of items leads to unmeasurable changes in people's hopes and fears.

Master the art of predicting how others will react and you'll have one more weapon in your arsenal for determining fluctuations in price.

Law of Supply and Demand

3 comments

It's hard to accept the law of supply and demand. It is far easier just to look at prices and consider them to be the best way to predict future trends. If something looks profitable today, then we just assume it's going to look the same tomorrow.

Price is a direct result of supply and demand. There is no way to increase the price of an item without first affecting the supply and/or demand. The best way to think of this is a scale. When the scale is balanced, equal demand and supply, then the price settles at an equilibrium. If you add more demand than supply, the price rises. If you add more supply than demand, the price drops.

To predict how prices will react to changes in supply and demand, you need to simply compare future situations to the current one.

This is true for weekly cycles, game updates, and even daily cycles.

Most people only look at the price and use that as the sole measuring stick for determining what to do next. If, for instance, they see black lion chests at 40 copper (as we did during halloween), they will remember that at one time 3 copper was the normal price, so they'll sell. What they neglect to realize is that this change was entirely predictable. All you have to do is look at supply and demand. The supply of chests didn't change, but new items were added to them that were desired by the players. Equal supply, higher demand means higher prices. These same people could have purchased thousands of Black Lion Chests and made an absolute killing.

As players get the items they wanted out of the chests, or just lose interest in trying, then demand goes back down but incoming supply remains the same. This leads to a gradual oversupply of chests and the price dropping (we're seeing that now).

But remember that chests, along with the mystic forge, are the two ways that ArenaNet seems willing to utilize in changing the economy. So you can bet your britches that a new item will be added to black lion chests soon enough, and that will lead to massive demand once more.

I very rarely look at the current price when I speculate on anything. It doesn't matter to me if the price was up or down a week ago. All that matters is the different amount of "sand" that's going to be applied to the scales of supply and demand. If an item's demand is going up this weekend, then I don't care about the history of its prices. All I care about is the fact that demand is going up and supply isn't increasing to meet that demand. The price WILL go up, and so I buy despite the fact that prices could right now be higher than ever.

I believe that too many people get suckered into watching trends and plotting on a graph where markets will end up. It's the falacy of studying economics as a mathmetician, when you should be viewing it as a branch of psychology. How people react to numbers is more important than guessing how numbers will change.

I hope this helps people get out of the mindset of looking at prices instead of the forces that drive those prices. Supply and Demand is all that matters. Not the price.

Middle of the Market

0 comments

Have we forgotten about the middle? Seriously, is everyone so focused on high level gear and materials that they have forgotten the massive profits to be had from mid level items? While I continue experimenting with crafting (hope to have a whiteboard video soon on that in the forum), the largest profit margins seem to be in the level 30-50 range. Who would have thought right?

It makes sense though. Very few players are travelling through level 30 to 50 zones right now, but those that do want to purchase their gear like everybody else. It's a point in the game where things are hard enough that you must purchase new items, especially if you've gone longer than 10 levels without new shinies.

Since there are few players in those areas, there aren't a lot of the materials entering the trading post. But guess what, high level characters are still trying to level their disciplines that all require materials from there!

Another factor is the fact that we only level through once, yet we need 8 disciplines worth of materials. You will never collect enough on your own from those zones to fulfill that quota. So most players will buy instead of farming. This raises the price of materials, as well as the crafted items you can create with them. In some cases, this actually leads to awesome profits!

So, when you're looking to make money flipping or with a crafting discipline, don't forget about the middle of the market.

Will Lost Shores Fix GW2 Economy?

5 comments

There are more than enough ways to make good gold in Guild Wars 2. However, I do not like the way certain commodities have piled up worse than Germany's inflation immediately following the first world war. Cinnamon, walnuts, and butter are some of the worst candidates. But also items like Bronze Helmet Casings and various Planks are not being used enough by the different disciplines.

Crafting is just not good enough in this game. Yes, it is possible to make some pretty great money with it, but there are too many loose ends piling up.

Areas of the economy definitely need to be addressed, because there is no reason for certain items to have virtually no value in a game as diverse and malleable as Guild Wars 2.

I'm not sure if the new "Lost Shores" will really have much economic impact on these damaged markets. Maybe a slew of black lion chests will be traded, as well as a quick jump in gems, but I do not believe that other areas of the economy will be affected.

This is a one time event, meant to move the storyline of the world and I don't think it's going to have new Mystic Forge recipes or things of that nature.

What do you think will happen? Will ArenaNet take the opportunity to alleviate a few damaged markets that have too much supply and not enough demand? Or will they wait until Christmas for that kind of economic push?

Has ArenaNet Googled their Trading Post?

10 comments

I'm serious when I ask, has ArenaNet Googled the phrase "Guild Wars 2 Trading Post" yet? I only say this because I would love to speak with their resident economist about how this game is playing out right now, as well as ways to improve the current state of multiple neglected markets.

If I were able to speak to AreaNet, what would you like me to ask them? Leave a comment below, and who knows, maybe the "they" who make decisions will read it.

You may feel a little skeptical right now, but I can assure you that your comment will see its way to ArenaNet eventually. When I wrote for my World of Warcraft blog, I was shocked to receive emails from Blizzard employees about what I wrote. These companies mostly just observe the internet response to their games without getting too involved on that front. But that doesn't mean they are glazing over complaints or ignoring great suggestions. So let yourself be heard in the comments below. Express yourself, bring new ideas to light, or identify criticisms that you feel ArenaNet needs to see. I will be forwarding the information in an email tomorrow.

Thanks for reading (You too ArenaNet employees!),

Markco

Oh No! The Market is Stabilizing!

4 comments

The person who messaged me to state that all the markets were stabilizing was partially correct. This was a rational, clear thinking person who truly believed there was no way to make gold last Thursday when they messaged me.

He was referring to items selling for one copper more than their vendor price. Obviously that is a market you can't flip at the moment by buying low and selling high. It's a loss if you try that due to trading post fees.

So yes, those markets in particular were not good day trading targets. But they were good for week and long term trading. So you can buy 100 today, sell 100 in a week when the price goes up 8 copper. That's the only way to play markets that are "stable."

The other problem with that statement was the "all" part. No, not every single market is impossible to flip right now. The complete opposite is true! I'm not saying that all the markets you currently know are stabilized, because that absolutely could be true. But make sure that you glance around before making such a statement.

I think I offered truffles, carrots, and sigils of luck as examples of profitable flipping markets he could use on Thursday when he asked. Sorry I forget the name, I get a lot of whispers and I hope this helps so you out.

Price of Gems During Halloween

7 comments

Post Halloween analysis is going to prove valuable hopefully because ArenaNet has a bunch of other holidays in store for us. Here's something to note, gems rose from 60 silver to 95 silver per 100.

Remember when I suggested buying gems prior to Halloween and then selling towards the end?

Looks like that could be a really simple method for almost anyone to make gold from holidays in Guild Wars 2. I mean, gems were going up a little bit each week, but a jump from 60 to 95 silver was unprecedented. It's because, as I predicted, holiday events in this world lead to players wasting a lot of gold.

If you have bought 1000 gems at the cost of 60 silver per hundred, then you would have spent 6 gold.

If you then sold at 95 silver per hundred, you would have earned back 9 gold 50 silver. After fees it would be 8 gold 7 silver. Obviously, the more gold you have to invest the better you will be off.

Selling at the end of the holiday, just before it's actually over, is the key. Especially the last weekend if the holiday runs through any friday to sunday periods. That's when the biggest group of players will be on to spend gold and enjoy the festivities.

Moral of the Halloween story is this:
Buy when the holiday is announced, sell when it's the last chance for the most people to play it.

Financial Investments Versus Upgrades

2 comments

I do not consider gear upgrades to be financial investments in this game. Because the gold and gear you farm is minimum compared to what you can make from the Trading Post, I would never spend more than a fraction of my gold on upgrades.

I actually have a similar post on my Diablo 3 website, where I will discuss setting up a "25% maximum spending rule" in that game. I guess the same can be applied here as well.

When upgrading your character, never spend more than 25% of your total gold on each item.

Again, this is because the items themselves do not add enough gold earning potential to consider them an investment.

An investment brings you in more gold (hopefully) than what you initially put forward. If you are going to spend more than 25% of your gold on an investment, then you can start deciding if the risk is worth the reward. That's a simple matter of research.

For example, you could look up a few disciplines on GW2Spidy.com and see if there are enough opportunities to make gold crafting to justify investing gold into the discipline.

So if I have 100 gold, and I think investing 50 gold into tailoring is worth it because I'll make X gold every day for the rest of my existence as a tailor, then hell yeah it's worth it! Sure, I spent 50% of my gold, but I know that I will slowly get it back.

But I'm not going to spend half my money on a shiny new sword, especially since I can only salvage it when I go to upgrade (unlike in Diablo 3 where your dusty old sword can be resold as a down payment on your next one).

Remember to treat investments differently from upgrades!

Recycling Items Sold Video

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This video will show you how to "recycle" your past successful sales in Guild Wars 2. Good luck!


Understanding the Systems of ArenaNet

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ArenaNet has put into place two powerful systems for responding to the needs of their own economy.

1. Black Lion Chests

2. Mystic Forge

These two systems can be adjusted and added on to in order to control changes in the economy. We have already seen this happen multiple times. For example, Halloween utilized the Black Lion Chests for festive rewards. I would assume that every holiday event will do the same. Then there were the limited time Mystic Forge rewards created in order to get rid of excessive supply on the Trading Post.

I do not believe that ArenaNet has any other systems in place that are capable of affecting the economy. That being said, there really is no need for anything else. The Black Lion Chests can get players to spend their gems if they get too cheap, and the Mystic Forge can be used to get rid of excess supply through gambling.

In fact, both systems are based on players gambling for extremely valuable items.

Can you make gold predicting the use of these two systems? Yes, I believe you can.

Don't Bot Me Bro

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Whatever you do, don't start botting in Guild Wars 2. Eventually, you are always going to get banned for this.

The other day I was running around Orr when I noticed a player who seemed to be a bot. Upon further inspection, my assumption proved correct. This lonely hunter ran in a set circle, attacking the same monsters each time, and using the exact same ability combinations over and over again. I followed for a good half hour, tagging all of his monsters while killing other ones outside of his pre-determined route.

So if you see someone botting, take advantage of their silliness, but don't join in the botting. You can make so much more gold on the trading post.

Making Gold During Halloween

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Besides fighting the Mad King, there are quite a few cool ways to make gold during Halloween in Guild Wars 2. I may or may not have power to log in when this post goes live, so I played a ton last night. Managed to make a good 30 gold off Halloween sales alone!

I'm particularly fond of flipping powerful potions of Halloween slaying for massive profits. As the Halloween event comes to a close, players are buying up more and more of these powerful potions of Halloween slaying. Obviously, you don't want to be left with any after Halloween, because then the item will be worthless, but for now it is a great thing to flip.

Some items, like the Greatsaw Greatsword Skin, will last beyond the Halloween event. These are great things to buy now and sit on for a few months. Their value will only increase as players use them up and their number diminishes.

You don't have to spend 40 gold on a skin though to participate on the trading post during Halloween. There are plenty of skins worth flipping that are selling really fast right now. I'll let you discover them!

OK FINE, HERE'S ONE:

Deathly Mantle Skin

Well, if you must have another... here:

Rune of the Mad King
For you speculators out there, I have written on the forum about the most important thing you can do the day after Halloween. In addition to my ideas about this festive holiday, a few forum posters had great tips for speculating on the Halloween crafting markets as well. If you're not part of our forum yet... get on that will you? It's super inexpensive and I'm hoping that enough great minds will join to make it a massively fun and knowledgeable place.

Did you find any ways to make gold that I didn't mention here today? Have you tried crafting some Candy Corn stuff?

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