25,000 / 25,000 Glyphs

All the way back in February, I posted about hitting the 5000 glyph mark on the way to the guild achievement for creating 25,000 glyphs. Today, I'm posting (albeit a little late) that I hit my 25,000 glyph mark on 10th November 2011, almost a month ahead of schedule for the guild achievement inside a year on a single character. Today I hit 30,000 and celebrated with a graph.

The major bump on my road to 25k glyphs was the nerf to the guild achievement. The moment it was reduced to 2,500 glyphs, I had already hit the 10k mark. The major side effect of the nerf was that I could no longer use the achievement to track how many glyphs I had made. However, for the builk of the year, I was very much a glyph on demand crafter which made it easy. Every time I would make glyphs, I posted them all on the AH, meaning I got a neat tally from TSM every time I broke out the 'ol inking set. Thow in a spreadsheet, add a graph and head down power through in my favourite market.

You will notice that the graph is decidedly more jagged towards the end of the year. I've made some big changes to my glyph operation recently, and have started to bulk craft and store glyphs and have added an extra layer of efficiency to my glyph operation. I am looking forward to sharing the changes and December results soon.

September Glyph Sales

Starting with the stats:

• Total Glyph Sales: 59,204
• Total Glyphs Sold: 1518
• Average Price: 39g

The average price continues to climb, potentially in no small part to a conversation I had with a fellow glypher. As I have mentioned before, a lot of my low priced glyphs are bought by competitors in the glyph market. I make a profit, they attempt to reset the market price, and I make even more coin undercutting the inflated new listing.

Recently I was online when my competitor started to buy up glyphs, so I initiated a chat thanking him for the sales. He immediately recognised me, and asked why I post my glyphs at such low prices. We had a quick chat, and in a lull in the conversation I was naturally AFK milling and missed the conversation resuming. It turns out that my competitor is a fellow blogger, and writes about gold making and glyphs specifically, so was particularly interested in my methodology. He also asked me to refrain from posting in his newly reset market for at least a couple of hours.

I was delighted. I thought, "this stranger is just a friend I haven't met yet". A kindred spirit in the gold making community. So I wrote him a mail explaining, yes, I'd leave reposting until later in the afternoon. I also mentioned that I had a blog myself (that since most of my raiding is now covered in the guild blog) that deals with gold making, and I'd love to swap sites and chat about glyph strategies.

I didn't hear back from my fellow glypher, but it did give me some things to think about. He is willing to buy out cheapish glyphs, just to reset the market for a couple of hours at most. When I say cheapish, based on my costs he sometimes buys glyphs at 5x the cost price. His maximum price is over 300g, so I started to think about how many he would have to sell to make a profit on his initial investment. At less than 10%, I figured that buying out cheap glyphs might just be a reasonably time efficient way of collecting a stockpile of glyphs. No milling, no turning pigments into inks... just browsing for underpriced glyphs for purchase and resale. Certainly the margins are lower, and frustrating if the market doesn't stay reset for long, but finding cheap herbs and milling isn't for everyone.

It's a shame that I didn't get to catch up with my fellow glypher, as I'm pretty sure he wouldn't have guessed my main motivation for approach to glyph selling. I'm very comfortable with the amount of gold I generate in game, and I've accumulated more gold than I could reasonably game. Aside from making enough coin so I can by my 6th 85 alt another pair (or two (yey for dual spec)) of Valor bracers at 5k, my income is far greater than my expenses. Yes, originally I was into glyphs to make a whole bunch of coin, but since Cataclysm...

... I'M ALL ABOUT VOLUME.

Devotees will recall that my goal from the start of Cataclysm was to make 25,000 glyphs inside a year. I was so keen on doing this all by myself, that I expelled all the other inscribers from Twitchie's guild so I could more easily track my progress. Of course, I was devestated when Blizzard dropped the guild achievement down to 2,500 glyphs... but a quick tweak to my processes meant I could easily track my progress myself.

So my pricing really has very little to do with maximising my profits, and all todo with moving large volumes of glyphs. I realised quite early on in glyphing, if you just hit every single profitable glyph, regardless of how fierce the competition the coin just comes flowing in.

The volume is also my motivation for never cancelling glyphs in order to repost. If I want to have the cheapest glyph of each time right now... I just make them all and post new glyphs. The side effect of this approach is that I make glyphs in reasonably large batches, which makes tracking my progress towards the achievement more efficient.

One thing did change after my conversation with my fellow glypher. I raised my ceiling price for posting glyphs from 96g to 296g. If someone can by glyphs at 500% profit to me, and then reliably sell enough at 10 times that price to make it worth their while... why not see how much of that psychotically priced glyph market I can capture? Well in the last month I had 77 glyphs (or 5% of my volume) sell at between 96g and 296g, which I'm going to call bonus monies.

Now into October, I'm back to a 48 hour post cycle since I'm not as active with my daily gold making routine. I've also had the supply of everything aside from whiptail and cinderbloom pretty much dry up, so potions and flasks have taken a dive as well. Fortunately, I've been able to find a reasonable amount of volatile life, and I have plenty of Darkmoon Cards for this months faire... and I'm secretly hoping they distinguish between the reputation earned with the current faire with the new and approved 4.3 faire... that was a lot of epic decks to get two toons over the line to exalted. Finally, the savage leather has all but dried up, so my killing on epic leg patches has too for the time being.

20,000 / 25,000 Glyphs

A full 2,500 glyphs ahead of schedule comes the 20,000 milestone on the road to 25,000 glyphs in a year since Cataclysm launched.


One of the pleasant surprises from milling sooo many herbs is just how long the Darkmoon Cards are remaining profitable. I have just ticked over 400,000 gold in Darkmoon Card sales since the launch of Cataclysm, and on average I'm still able to get at least 100% markup on the cost of creating decks. [Darkmoon Card: Volcano] is still BiS for most casters in the game, and [Darkmoon Card: Tsunami] is a delightfull healing trinket and sells for even more coin. I generally just aim to offload the, "only useful for grabbing an extra hit in Chimaeron" [Darkmoon Card: Earthquake] at cost. The hurricane cards aren't particularly good sellers, with quite variable prices but still a money maker. The cards do make good presents too, and I'm up to over a dozen used for alts, friends and guildies.