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 Post subject: The most profitable profession if you know what you are doin
PostPosted: Tue Apr 27, 2010 1:04 am  
Sergeant

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This mini guide involves 3-4 non-combat pets that engineers can make and sell.

Lil'smoky
Pet Bombling
Lifelike Mechanical Toad
Tranquil Yeti


I know a lot of people know about these pets already, but here is a little trick to really milk these pets.

Each pet has its own unique ingredient that separates it from the rest. This gives you a massive advantage.

Every time our at the AH look for the following items...
Globe of Water/Elemental Air/Elemental Earth (Yeti)
Heart of Fire (Bombling)
Living Essence (Toad)
Core of Earth (lil'smoky)

I will personally buy these up to a maximum of 40g each. I have yet to see them go that high, but that is the max I would be willing to spend. Normally the most I end up paying for these items are usually in the 10g each mark. Most of the time they are 1-5g. Either way, buying these up by yourself corners the market in your favor. Most people aren't going to go out and farm these materials themselves and if they can't find the materials for these recipes they will just stop making them.

Some other items to keep an eye out for constantly
Thorium Widget (Every once in a while I find a couple hundred of these on the AH for like 1-1.5g each)


On my server I have these priced at 200g a pop, with 0 competition I can sell 4-10 of these a day on the weekends and 1-3 of each during week days and I am not talking total, I am talking for each pet as long as I have the materials on hand to meet the demand.

Also, Advanced Tradeskill Window is very highly recommended to make these pets as it will also que up and tell you all the extra crap you need in the reagent window so you don't need to think "whats next" while crafting these.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Tue Apr 27, 2010 1:39 am  
Centurion

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Actually Engineering is the least profitable profession out there, since it is considered to be a "fun" profession :mrgreen:
And once people have bought their pets for the achievement, they won't buy them again.
But untill that time, the Pet Bombling and Lil' Smokey will bring in some nice piles of gold :ugeek:

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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Tue Apr 27, 2010 2:32 am  
Scout

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it can be very profitable, I made a quick 5k pure profit selling the pets after the patch, I abused the crap out of the market though, so I haven't dipped back into it yet, the AH on my server has a couple retards that undercut each other into oblivion.

I managed to sell them at 135g a pop in trade when they were 99g in the AH, so a good salesman can also make a difference.

Zerk


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Tue Apr 27, 2010 4:24 am  
Sergeant

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Riryoku wrote:
Actually Engineering is the least profitable profession out there, since it is considered to be a "fun" profession :mrgreen:
And once people have bought their pets for the achievement, they won't buy them again.
But untill that time, the Pet Bombling and Lil' Smokey will bring in some nice piles of gold :ugeek:



Your just doing it wrong :P

You know how many people there are on any given server, you know how many alts they have?

Sure, they may only need the pet once for their character, but I get repeat customers all the time buying it for alts to top it off.

By buying out key ingredients to make these pets I have essentially given myself a monopoly on this market and I can set a price that makes a hefty profit for very little work.

Here are some numbers from my server...
Yeti, Cost to craft -~40g - Sells for 200g, 500% profit
Bombling, Cost to craft -~20g - Sells for 200g, 1000% profit
Smoky, Cost to craft - ~20g - Sells for 200g, 1000% profit
Toad, Cost to craft -~15g - Sells for 200g, 1500% profit

I had to purge my database files for Auctioneer because I was getting some extreme lag, so I only have short term results for my sales of these pets,

From 4/25/10 - 4/26/10
Yeti - 6 - 960g profit
Bombling - 6 - 1080g profit
Smoky - 3 - 540g profit
Toad - 5 - 925g profit

That's 3,505g in profit from the last day with only needing less than 30 minutes to craft and post the pets.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Wed Apr 28, 2010 6:01 pm  
Stone Guard

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Joined: Wed Mar 31, 2010 1:51 pm
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What are you doing with the extra critical mats?

In order to keep the price, for example of Living essences high, I assume you're buying more than you need to make your toads.

If you're vendoring or storing them, how many are you buying per toad sold?

While I could (and to some extent do) keep Globes of Water rare and expensive, too many lvl80s are traipsing through Dire Maul, including people farming things. Raising the price of Living Essences would increase the numbers being sold, so I could never have a monopoly.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Thu Apr 29, 2010 2:29 pm  
Sergeant

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Neil.Reynolds wrote:
What are you doing with the extra critical mats?

In order to keep the price, for example of Living essences high, I assume you're buying more than you need to make your toads.

If you're vendoring or storing them, how many are you buying per toad sold?

While I could (and to some extent do) keep Globes of Water rare and expensive, too many lvl80s are traipsing through Dire Maul, including people farming things. Raising the price of Living Essences would increase the numbers being sold, so I could never have a monopoly.



It's obviously server dependant then. Right now Living Essences, Core of Earths, and Heart of Fires are going for 50-60g per.

I have about 20 of each except Fires on me at the moment which I have 40 of.

On my server, what occurs is a few people try to craft these. I keep an eye on the prices and whos posting what. These things generally aren't farmed as I see different people posting every time and I never see large stacks of these posted at once.


The prices begin to whittle their way down and I will go on a buying spree and remove them all from the AH, next time someone comes to post one they always stick it back up in the 50-100g range and slowly the price drops over a week or two with people undercutting.


The other engineers have the opportunity to snag these at a low price, but they aren't nearly as active as me. I have two accounts and the one I am not currently playing I usually keep online to check auctions between the two factions consistantly and look for stuff that sells good.

If I wernt around to keep the prices on the pets inflated like I do they would probably drop to 1/2 what they are right now.


Total it costs about 30g per pet + the cost of the special mat. I am selling them regularly for 200g which means as long as the ten I sell today gives me a greater profit than the cost to have those extra mats laying around that I will use, I made a profit. I started initially just selling these pets and they help me to pull in 3-4k a day between my 6 Alchemy transmutes (gem market on my server crashed hard) and these pets only.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Thu Apr 29, 2010 6:04 pm  
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Senior Sergeant

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Amazing. I thought you Engineers were only making profit on your arrows and shit.

Let's look at the facts shall we. You are claiming that Engineering is the "The most profitable profession if you know what you are doin", by crafting 4 or 5 non combat pets?

I'm sure JC's would argue against that claim when they can churn out cut epic gems in far larger quantities.

The issue here is volume. Now unless everyone on your server wanted all the pets on all their chars I can only see this a a restrictive market.

Maybe it works for you but most consider Engineering the least effective gold making prof.

Abuse it while you can. Players won't want pets forever.

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890k & Rising. What to do with rising amounts of stock I have. I could vendor the lot to hit 1 million, maybe.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Fri Apr 30, 2010 12:55 am  
Sergeant

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Joined: Wed Feb 10, 2010 11:08 pm
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One thing I do with engineering is keep a bike up on the auction house. I'm usually the only one, but even when I'm not I don't lower my price. It only costs 75s to list for 48 hours. After the auction house cut, I get a little over 15k, cost is just under 13.5k. Sells about twice per week on average.

I do agree that this is another example of low volume sales, quite unlike jc or inscription. But at least you won't have to relist your auctions every 10 mins to get them to sell.

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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Fri Apr 30, 2010 9:36 am  
Scout

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Joined: Fri Apr 23, 2010 10:50 am
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I find that the only way i can make money with engineering other than pets is by selling short stacks of arrows to morons. It doesn't make much but it does amuse me to no end that even with all the ah improvements people still can't figure out what a full stack is. Haven't even gotten any hate mail in response yet either.


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 Post subject: Re: The most profitable profession if you know what you are doin
PostPosted: Thu Aug 26, 2010 9:53 am  
Scout

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Joined: Fri Jun 11, 2010 6:05 am
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anyone here sell mechano-hog? i leveled up engineering just for this thing and after months of work i finally got the funds to make it. i really wanted to learn it and start using it, but then i decided to post it on ah for 20k. hoping i can make money for another one and to see if i can run a business selling these. does anyone know how well it sells?


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