Before we go any further it is a good idea to gain a basic understanding of how the World of Warcraft Economy works. With this basic knowledge you can begin to formulate new ideas to make gold! Who knows, some might even be better than these (but probably notJ)… Soooo here goes!
So what type of economy you say? Well from the start WoW has been a free market economy, and what’s great aboutthis systemis it’s agame!So that meanslimits havebeen putin placeto insurethatpeopledon’t get stabbed in the back or robbed of their hard earned riches. While you might decide to beg or trade for your goods most people prefer to complete their transaction through the driving force behind the WoW economy, The Auction House. It’s easy, convenient, open 24/7, and charges fairly low tax for the items you sell. Of course, the auction house is not the only way to make money. Other methods include simply grinding, running instances, street vending, and many others.
In addition, monopolies and cartels are illegal in most countries but they are perfectly acceptable in World of Warcraft. That’s because World of Warcraft is designed in such a way that monopolies and cartels will actually help the economy! Driving up prices stimulates economic growth and allows all players, not just you, the opportunity to make more money. Who says crime and unfair business practice does pay?J It does in WoW!
It is also important to keep in mind the prices of goods on each server. Unfortunately the prices of items and theirrarity/demand differs fromserver toserver(they really can’tmakeiteasy can they!). Sokeep in mind thatyou can’tsimply takealook attheaverageprices posted on websites. Instead,look fortheprices specific to yourserver to determine what items to make and farm.