Friday, August 19, 2011

Taking a loss


As to be expected, I've taken a significant loss in a number of things that I've tried to sell. Not because of forgetting to do my homework, I've learned the hard way not to forget that part. I took a loss because I have very little to base my guess work on. And it wasn't until much later on that I discovered a few clues that would suggest avoiding a certain item. That being said, let me give you the full list of things that I have not sold or sold very few of so far. Anything that has sold came with a monetary cost that was not made back from sales to date.

Ornate steel choker
Gold gorget
Gold chain
Night iron gauntlets
Fine leather leggings
Plaited cinerium ring
Shining sapphire ring
Heartless ring
Reinforced leather helm
Reinforced leather belt

Each of the above items cost me two things. First is the obvious monetary investment it took to craft them. Sure I can RB them to try and recoup it, but that would be such a small fraction of the final cost that it's not even worth taking into account. I also don't have a toon that can use them so that is also not relevant. The second thing that I took a loss on was the tokens it cost to learn the recipe itself. That means time which is infinitely more valuable than the gold.

Each recipe took at least two daily of full dailys to get enough tokens for which could have been spent more wisely on something else that might (or might not) have sold. Like I always say, time is the most important thing you can invest because you cannot get more and cannot regain what you have lost.

Bear in mind though I am in no way saying that the professions that make these things are worthless themselves, far from it. I am only pointing out a few things that you should be avoiding unless you have nothing else better to spend your tokens on and have some decent cash that you can afford to throw in the gutter. While it is true that this can happen with anything on your shard, these are a few items that I know for a fact are not working out on mine and are very likely the same on yours.

As time goes on and I continue to experiment with different things to craft and sell I'll be writing more and more entries like this I'm sure. Once again there is little to no way to base your markets on. That is yet another reason that reading fine blogs such as mine is important even if you're already well off, you never know when a big loss is waiting around the corner. And the flip side of course is true, you never know if there's a fortune waiting right under your nose until somebody points it out to you. That's what I'm here for after all, to enlighten and to entertain.

I'm still looking for the markets that have a high rate of consistent sales because that's where you need to be if you want to get rich anytime this century. So far the closest I've found is bags, but their profit margins are so low it's still going to take a while with them. Then there is the "death and taxes" profession of rune crafting. I refer to it as such because the only two thing you can't avoid in life are death and taxes. Any time you get a new piece of gear you can't avoid heading to a RC to add some shine to it. But with the campers that farm for free that isn't an option either. So here's to searching!


Thanks for stopping by!

17 comments:

  1. Well, that's disappointing. That happens to anyone and you can always make up for your loss and earn again. Goodluck!

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  2. Hope all is well Stok. You've been awfully quiet as of late.

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  3. The death of a blog. So sad

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  4. :(this was my fav blog

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  5. This was also my favourite blog till you "left" us in Azeroth...

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  6. guess stokpile got burnt out or quit playing mmo's or something. Goodbye stok, hope u return, now time to search for a new rift blog to fill the void.

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