Material flipping is the market I find myself recommending again and again for players who want to get started with gold making. The main advantages is that you can get started with relatively small investments, the sale rate is high and it is an auction house only market so you learn fastest.
Farming might be lower risk, but it is also much more limited in terms of reward. If you are effective and active it is quite possible to generate a token a month from just material flipping.
Why it works
Just like other flipping markets material flipping works because there are variations in supply and demand. Players typically always undercut when posting auctions which means that as more auctions are posted the price will decrease. Then some big fish crafter like me will run shopping scans and restock and the AH will get cleaned up for any reasonably priced materials.
For some materials I will literally be willing to buy any amount as long as the price is below the TSM market value (as this is used for profitability calculations for crafting). I have spent 500k+ gold in a single material buying session.
Buy cheap sell normal
The headline above was coined by an old goldmaking blogger Just my 2 copper. It perfectly encapsulates what I try to do when flipping materials. I want to buy cheap materials and post them at a reasonable normal price.
With this setup I may not sell everything right away, as I am targeting either mass crafters or other people at a time when the AH is drying up.
I also post all of my stock in nice even stack sizes. This is of course wildly better than stacks of 1. Large stack sizes are amazing for large crafters and I am usually willing to pay 10% more for significantly fewer clicks assuming the price is still below my maximum.
How my setup works
Based on the principles above I use a maximum shopping price of 80% dbmarket (dbmarket is a TSM price source, check my TSM4 guide if you want to learn what this is). I use 100%dbmaret as my minimum price and I have the normal and max prices set to 105 and 110% dbmarket. I want to sell my materials quickly and I don’t want to overprice them as that would significantly lower my volume.
Top materials to buy
There are large differences between the BfA materials in terms of how profitable they are to flip. High sale rates are a must as otherwise you may be stuck with your stock for a long time. I suggest sticking to the most useful materials.
Below is a rough ordered list of my preference for materials based on how well they have worked for me:
- Meat (except Thick Paleo Steaks)
- Ores (all of them)
- High-demand fish (Frenzied Fangtooth and Slimy Mackerels
- Deep Sea Satin
- Gloom Dust
- Normal Cloth and Leather (Tidespray, Coarse Leather, Shimmerscale, Blood-stained bones)
I have not tried flipping veiled crystals, umbra shards, gems or any inscription materials, so I don’t know how well that works. I would advise you to stay away from the uncommon leatherworking materials however as they have done extremely poorly for me.
Running shopping scans
My material group is split into several sub groups and I advise running them in batches. The categories in the list above are great to use as the basic shopping scans. Running fewer materials at the time will save time and you will get fewer instances of materials disappearing while you’re waiting.
Understanding the %-max price column
The %-max price column is one that generally creates a lot of confusion. If you just search for the name of a material this column will be a percentage of your normal shopping price source. By default this is 100% dbmarket. If you run a shopping scan for a group with a shopping operation the percentage in this column will be in relation to your maximum shopping price. If your maximum shopping price is 100%dbmarket then the percentages would be the same.
Since I use 80% dbmarket as the maximum price auctions priced at 100%dbmarket will show up with a percentage of 125%. This might confuse you if you’re not aware of it as I have my operation set to show auctions above the max price as well. I do this so I can quickly check if there are any massive inventories posted between my max shopping price and minimum auctioning price. If someone has 100+ stacks of 200 at 113% then I probably won’t be buying.
What to buy
Generally I buy everything that shows up below 100% when I run a shopping scan. The only exception is if there is a huge volume between my minimum and maximum price. In those cases I will not buy anything.
When just starting out you may want to focus on materials with smaller volumes below the maximum shopping price so you can buy out everything. This will increase your sale rate and get you up to speed faster.
Longer term you should just buy everything, even if the volume seems massive. Even if you take some losses here and there you will be profitable on average over the long term.
Results will take a little while
Material flipping is not a get rich quick scheme. You need to spend gold building up inventory before you start seeing steady sales. Most materials are cyclical so you will buy for a while and then the AH dries up and you may sell out 5000 items in a day.
You will have to shop and post auctions for at least a week and probably more than that before you get a good idea of how well it works.
I have tested my material flipping settings more than any other settings and I advise against changing the price settings. Auction amounts are something you should experiment with as your realm population and crafter population will mean that different stack sizes may be better than others. You may also want to post more total materials if you have them.
Avenues of experimentation
As I covered in the podcast this week you will generally not get perfect results if you just use someone else’s settings. That being said, I have tested my material flipping settings more than any other settings and I advise against changing the price settings.
Quantities however, is something you should experiment with as your realm population and crafter population will mean that different stack sizes may be better than others. You may also want to post more total materials than what my settings do.
You may also want to post different amounts for different groups of materials or specific materials. It is quite easy to make duplicates of my operations and changing the number of stacks posted.
My TSM Setup is as always found in my pastebin. Enjoy and good luck!