Hello everyone.
I'm new on this site, so go easy on me!
Recently I've picked up info about Alchemy being the big gold maker and it makes perfect sense! I am very much into raiding and I buy 3-4 of these flasks from the auction house - daily!
So I decided to go into the flask business. I started out buying materials from the auction house and crafting a sample batch of 40 flasks. They sold almost immediately and I calculated the proc rate from elixir mastery to be at around 20%.
Using this information I created a spreadsheet to calculate my potential profit and started looking for a farmer.
I am now slowly building my empire without having encountered the "big cheese" on this market, although should a price war break out I have 20,000g in liquids to spend on the fight, thanks to you! (Much love <3)
I thought I'd share my spreadsheet with you. It's good to get you started in this business. I realize that many people prefer using Auctioneer, LilSparky's Workshop and whatnot, but I've found it hard to rely too much on the data stored in those addons.
Screenshot:
http://img504.imageshack.us/img504/5246/flaskcalc.jpgDownload:
http://www.yourfilehost.com/media.php?c ... dness.xlsx/end wall-of-text