Making Gold

Making Gold

in Black Lion Trading Co

Posted by: dragonfire.4638

dragonfire.4638

Now, first of all, i want to keep this civil. I know some of you are extremely lucky or just that good (or has that much time in your hand). Since the game came out, i have being playing about 1-2 hours a day, and it was not until Sunday this week when i finally hit 1g. But pretty much lost much in an incident bet, (my fault here). But where i am getting at is, what is there to do that obtain a lot of money fast?

I am lvl 36, i have been doing everything within a zone. I have place any item i sell in BLT at competitive prices, and kill many mobs, barely any drop and if they do is always less than 15c.

What do you guys do to earn money? Crafting is been difficult for me getting lucky find drops for mats. I have Hunstman and leatherworking (have another thread in regards to that). So What exactly are the best option to earn money? Doing events, or anything else at most you get from 1.5s or less.

Making Gold

in Black Lion Trading Co

Posted by: Findywen.1043

Findywen.1043

I’m not rolling in money, but what I tend to do is complete a zone, and all events as I come across them. I generally vendor all Blue and Green drops that are not upgrades for the character I am on. I salvage white drops, and yellows I either sell or dump into the mystic forge in an attempt at something I can use depending on the mood I am in.

I have been able to buy the training manuals at each bracket without going broke, and have used some money frivolously on dyes, and crafting components to try to keep my crafting caught up with my toon (leatherworking and jewelcrafting).

I also will tend to travel on foot within a zone rather than using the waypoint system heavily, the exception being going to and from Lion’s Arch from whatever zone I am leveling in. This reduces the money I am spending on travel, and also means I kill more mobs in transit and possibly come across more events.

Making Gold

in Black Lion Trading Co

Posted by: dragonfire.4638

dragonfire.4638

I’m not rolling in money, but what I tend to do is complete a zone, and all events as I come across them. I generally vendor all Blue and Green drops that are not upgrades for the character I am on. I salvage white drops, and yellows I either sell or dump into the mystic forge in an attempt at something I can use depending on the mood I am in.

I have been able to buy the training manuals at each bracket without going broke, and have used some money frivolously on dyes, and crafting components to try to keep my crafting caught up with my toon (leatherworking and jewelcrafting).

I also will tend to travel on foot within a zone rather than using the waypoint system heavily, the exception being going to and from Lion’s Arch from whatever zone I am leveling in. This reduces the money I am spending on travel, and also means I kill more mobs in transit and possibly come across more events.

I add some good points here:
1. walked instead of travel – i do walked, but if i am going from here to here in the same zone and there is a bit of distance i get a little anxious due to the massive map lol and travel. And i know the higher lvl i am the more it cost.
2. Selling white/blues. Must blue armor/weapons, i tend to place them in AH instead of directly selling them to vendor. Guess thats not working much. I do lots of salvaging when it comes to white. Heck, still behind my leatherworking/huntsman.
3. Back to zone, i do completely everything within an zone and tried to do as much events as possible, some ill be honest skip, like collect this and that. If i did it and it wasnt much fun and i am travelin by it, i will skip it the next time.

Making Gold

in Black Lion Trading Co

Posted by: Greyfeld.7104

Greyfeld.7104

I’m not rolling in money, but what I tend to do is complete a zone, and all events as I come across them. I generally vendor all Blue and Green drops that are not upgrades for the character I am on. I salvage white drops, and yellows I either sell or dump into the mystic forge in an attempt at something I can use depending on the mood I am in.

I have been able to buy the training manuals at each bracket without going broke, and have used some money frivolously on dyes, and crafting components to try to keep my crafting caught up with my toon (leatherworking and jewelcrafting).

I also will tend to travel on foot within a zone rather than using the waypoint system heavily, the exception being going to and from Lion’s Arch from whatever zone I am leveling in. This reduces the money I am spending on travel, and also means I kill more mobs in transit and possibly come across more events.

I add some good points here:
1. walked instead of travel – i do walked, but if i am going from here to here in the same zone and there is a bit of distance i get a little anxious due to the massive map lol and travel. And i know the higher lvl i am the more it cost.
2. Selling white/blues. Must blue armor/weapons, i tend to place them in AH instead of directly selling them to vendor. Guess thats not working much. I do lots of salvaging when it comes to white. Heck, still behind my leatherworking/huntsman.
3. Back to zone, i do completely everything within an zone and tried to do as much events as possible, some ill be honest skip, like collect this and that. If i did it and it wasnt much fun and i am travelin by it, i will skip it the next time.

I have yet to run into blue gear on the TP selling for more than 1 copper over the vendor price. Tack on the 5% listing fee, and the 10% sale fee, and you’re losing money on every sale (if you actually manage to sell them, against the other thousands of listings of the same exact item). Greens are almost as bad, with usually no more than 20-30 copper over the vendor price. For the sake of time, ease, and not getting your wallet dug into by the hidden fees, you’re best off pretty much vendoring anything green and under that you find.

That said, make sure you try to sell your greens at least once in /map before you vendor them. Every once in a while, you’ll get a hit on somebody who doesn’t know the TP prices and is willing to pay a few silver for something you would have gotten a handful of copper for, from the vendor.

Yellows and above (almost without exception) are worth listing on the TP. You may not get a massive amount of money for them, but I don’t think I’ve ever sold a Rare for less than 5x the vendor price.

Any Light Armor you were going to sell to the vendor, salvage it instead. Cloth is a big seller, and salvaging Light Armor (and salvageable cloth trophies) is the only way to get it. If you’re a leatherworker, salvage all your Medium Armor stuff as well.

Vendor the Heavy stuff, you can get all the ore you’ll ever need from mining it by hand, and with the cash you get from vendoring the Heavy Armor, you can buy more of it off the TP than you’d get for salvaging it yourself. The same goes for weapons (you can mine ore and chop lumber just fine, and all of it is cheap as hell).

Sell all Unidentified Dyes on the TP. Yes, I know that you can make major money if you get lucky and get one of the handful of extremely rare dyes. But if you’re not one of those extraordinarily lucky people, you’re going to wind up with a bunch of trash that sells for a handful of copper. Unidentified Dyes sell for 5-6 silver a piece.

Sell any crafting materials you don’t need, or don’t ever plan on using (or don’t plan on ever using again). Certain cooking materials sell decently, and all Fine-level crafting materials sell well in bulk. Lumber can be vendored if you have an over-abundance of it that you’re never going to need. Ore that you don’t need can go up on the TP.

(edited by Greyfeld.7104)

Making Gold

in Black Lion Trading Co

Posted by: gemmi.2764

gemmi.2764

  • Crafting is fun but a big money sink. For example, it is economically better to buy bags from the trading post than to craft them.
  • Did you calculate how much you really get from the AH instead of directly selling it to the vendor? Many people forget that the AH has 20% fees!
  • Usually, it is better to sell items than to salvage them – crafting material is quite cheap, especially if you order to buy (instead of buying at once).

I personally play the Trading Post and made good gold from trading (offer to buy and then reselling) – 1g per hour is no problem after a certain starting phase.

Making Gold

in Black Lion Trading Co

Posted by: Rouven.7409

Rouven.7409

(…)
Vendor the Heavy stuff, you can get all the ore you’ll ever need from mining it by hand, and with the cash you get from vendoring the Heavy Armor, you can buy more of it off the TP than you’d get for salvaging it yourself. The same goes for weapons (you can mine ore and chop lumber just fine, and all of it is cheap as hell).
(…)

Lot’s of good stuff. Perhaps make an exception for copper, lot’s of items in that bracket sell only for ~15c – the copper itself should be worth more atm (plus sometimes you get two).

Maybe more for the long run:

- complete the maps – little reward (crafting mats plus some silver) here and should come natural

- try to complete your daily achievement – I’m keeping those mystic coins for now

Have fun.

“Whose Kitten is this?” – “It’s a Charr baby.”
“Whose Charr is this?”- “Ted’s.”
“Who’s Ted?”- “Ted’s dead, baby. Ted’s dead.”

Making Gold

in Black Lion Trading Co

Posted by: dragonfire.4638

dragonfire.4638

@Greyfield – can i say how beautiful said that was? well put and trust me gave me a huge input on everything i was missing.

@Rouven – trust me, both i do for that reason, especially those coins i get, what are they for? i do not know?

@Gemmi – you are right with crafting. it takes lots of money. Due to that i prefer grinding, but lets not forget the game was created with preventing grinding, so after a bit all i get are junk drops.

Making Gold

in Black Lion Trading Co

Posted by: Rouven.7409

Rouven.7409

@Rouven – trust me, both i do for that reason, especially those coins i get, what are they for? i do not know?

High level crafting at the mystic forge in lion’s arch.

“Whose Kitten is this?” – “It’s a Charr baby.”
“Whose Charr is this?”- “Ted’s.”
“Who’s Ted?”- “Ted’s dead, baby. Ted’s dead.”

Making Gold

in Black Lion Trading Co

Posted by: dragonfire.4638

dragonfire.4638

thank you to all.