Week 1 Round Up

Reminder of your goals for week 1:

§  Acquire 1,000 gold *COMPLETE

§  Create two gold-making alts (or network of alts) *COMPLETE

§  Get positioned at auction houses *COMPLETE

§  Set up your add-ons and start scanning the auction houses twice daily *COMPLETE

§  Begin active auction house trading by selling vendor goods *COMPLETE

§  Start assessing possible pipelines *COMPLETE

Check your successes

§  What targets have you reached and why?

• I reached the goal of acquiring 1,000 gold because it was suggested by the Gold Speed Run guide. Also, acquiring over 5,000 gold!
• Actually made gold on this server because the prices I have seen for the week have been horrendous.
• I have my two bankers at Stormwind and Booty Bay. I have them there to play the auction house.
• I have additional alts (runners) in each of the main capital cities to pick up any items that are selling consistently.

§  Which did you find easy?

• Acquiring seed gold as I was able to farm light leather. Light leather turned out to be a huge seller and pipeline for me.

§  Where do you need to look again at the training?

• Researching pipelines. This gold speed run is on an accelerated run so to really study the market the way it should be studied is close to impossible. I am finding that I have to take risks by testing many things to see if they could be pipelines. Only one item for the pipeline list of 10 actually turned out profitable and eventually turned into a pipeline for me (Purple Lotus). The other pipeline was due to me farming and noticing that they are selling consistently. Therefore, I bought more light leather and they are selling very well.

§  Are you still keeping track of your progress?

• Yes, I have a note my progress with spreadsheets and notes. In addition to that, I keep a journal of my experience with this program in a blog that I update daily.

Check your failures

§  Your failures teach you more about the Pipeline Method than any successes.

§  If you are lucky, your failures will be theoretical: pipelines you research with your addons and progress notes.

§  Even practical failures, where you make a small gold loss should be considered an investment in training, rather than a waste of time.

§  Did you learn something about the stack size to post, or did you learn that there is another source to the item you have overlooked?

• Yes, I followed the suggested stack sizes items for herbs, specialized herbs, gems, for example, and they turned profitable. However, some items were way over populated in the auction house. Therefore, I created different stack sizes to differentiate my posts from others and it turned successful.

§  What demand is there for your pipeline?

• For the two pipelines that I found, the demand is steady. They sell several times a day. I wish I can find more that will do the same. I would be bringing in much more funds. Nothing that I have seen so far on the auction house sold right away. There are no high demand items at the level that I am at. I am sure it is different on the higher end with epic cut gems, and weapons, gears.

§  Could your failed item actually work at a different time of day, or week?

• Yes, I have seen items sell better on the weekdays than the weekends and I have seen the opposite being true too.
• This week has been the new patch 4.3, so it seems like the attention is on higher level items as people are in raids mostly. It really made things more up in the air, especially when most of the add-ons stopped working. I lost 3 days’ worth of data.
• Some items just are a lost cause.

§  Do you simply need more experience?

• Of course, this is my first gold speed run and first time actually using the massive gold blueprint in the game.

§  So don’t be afraid of what seem like failures, they’re essential for your training.