Money, money, money. Like in many other MMOs, having and growing currency is paramount. In The Elder Scrolls Online, gold is your primary form of currency. Almost everything you buy in the game, involves the exchange of gold for goods. First and foremost, the best way to obtain a starting capital is by questing. You can easily accumulate a lot of gold by doing quests and side-quests. It is, however, not a necessity to have a starting capital because you can also decide to farm resources in the world from harvesting resource nodes. Selling resources via a Guild Trader is always a good way to get started with trading in ESO and make some cash but resource gathering also takes a lot of time. Resource gatheringBy far, selling resources is the most profitable way to make coin. You are trading time for in-game currency. You do not have the risks involved with procurement and making a wrong decision. There is always a need (market) for resources because many crafters do not want to spend their time gathering resources, and rather buy them straight from the market. In summary, resources are a low risk, low cost but time consuming method of making gold in ESO. The most desirable resources are CP150-160 materials, such as (in random order):
CraftingAnother profitable way of making gold in ESO, is crafting. Crafted items can be sold via Guild Traders and, generally speaking, have good margins. Crafting does not simply involve selling crafted items. Crafting also involves selling refined materials. For example, you can buy Rubedite Ore from other players and refine them into Rubedite Ingots and sell those to other players. Refining materials also randomly drops Tempers. Especially Legendary Tempers are valuable on the market, such as Tempering Alloy, Dreugh Wax, and Rosin. Crafting also gives access to deconstruction of items. Deconstructing items you collect through questing or dungeon delving or that you receive as rewards for PvP (Rewards for the Worthy), can be deconstructed for materials, including Tempers, Style materials, and Trait items. Some Style materials can sell for 300+ gold per piece and some Trait items can sell for 20.000+ such as Potent Nirncrux. Furthermore, Glyphs can also be deconstructed for Aspect, Essence, and Potency materials. Lastly, you can craft items and sell them on the market. The best craftable items to sell are consumables. Consumables are items that are one time use only. This means that after consumption, the item is gone forever and cannot be reused. For example, potions and poisons, foods and drinks, Glyphs, and crafted weapons and armor with 'unique' traits such as Nirnhoned. Please note that I did not include consumables such as recipes, motifs, and writs because, generally speaking, these cannot be crafted. What items should I craft and sell? Here are some options that, overall, sell often and with decent margins:
ResellingAnother option to make gold in ESO is by trading goods that other people put on for sale for a low price that can be resold for a higher price. In other words, you make use of market fluctuations. For example, every now and then, the prices for raw and refined materials deflate and inflate. To my experience, after a new DLC or Chapter has launched, prices for these materials tend to inflate and over time they deflate to a 'normalized' level. You could buy when the price is low and sell when the price is high. There is a lot of risk involved with this strategy because the price could also stay low or you could be buying at a high price when you are not aware of it. You could also check if people sell their items via Guild Traders for a discounted price. Some players list their items for a price that is far under the average selling price. Addons such as Master Merchant (MM) and Tamriel Trade Centre (TTC) can help you with that. If you spot an item at a Guild Trader that is way under price, you may want to buy it to resell it for an increased price. However, it is important to also take into account the selling frequency of such an item. Sometimes an item is simply put on the market at a low price because it doesn't sell. If you buy an item for what seems to be a great deal for reselling but the item doesn't sell, it can become a costly method. Meta itemsLastly, you can sell meta items. These are items that are part of the 'meta'. Every patch has its own meta. For example, in the current version of the game, the Inferno Staff of a Mother's Sorrow is very popular because of its critical rating benefits. The game has two meta's: a player versus environment meta, and a player versus player meta. Set items that are popular or hyped sell for inflated prices and more frequent than other set items. Obviously, these set items can only be sold if they are 'Bind on Equip' such as Overland set items. Setting your priceThe price depends highly on market mechanisms. If there is a high demand but low supply, prices generally inflate. When there is low demand and high supply, prices generally deflate. `Because the prices of items fluctuate over time, I will not provide you with a list of prices at which to sell your item at. My tactic is to underprice my items about 50 gold below my direct competitors in the Trading Guild. For example, if I see that person A sells a Truly Superb Glyph of Stamina for 2500 gold, I will list my item for 2450 gold. At some point, however, internal competition will drive prices below the procurement costs. Procurement involves the costs of purchasing (raw) materials to construct a Truly Superb Glyph of Stamina. At that point, you can choose to either go under the procurement cost and take a loss untill internal competition disappears because it is not profitable, or you stop selling the item yourself and look for alternatives. The former strategy is very costly however but it can create a temporal monopoly for you at your Trading Guild. Calculating profitsProfits are the most important metric when trading. Here are some formulae to help you find your profit and profit margin: REVENUE = Listing price * {1-([Listing price(0.01)]+[Listing price(0.07)])} A simplified version of this formula is: REVENUE = Listing price * .92 PROFIT = Revenue - Procurement costs The procurement costs is the sum of expenditure for buying resources, materials, and/or items. Some would call this the Costs of Goods Sold. PROFIT MARGIN (%) = (Revenue - Procurement costs)/Revenue If you want to sell based on a profit margin and want to know for how much you should list it, you have to reverse the formula for profit margin and correct for listing fee and house cut, which gives you the following formula: Listing price = {[( - Procurement costs) / (Profit margin decimal - 1)] / 92} * 100 For example, if you want to sell with a 20% profit margin for an item with a procurement cost of 20,000 gold, your imput would be: Listing price = {[( - 20,000) / (.20 - 1)] / 92} * 100 = 27,174 gold Learn from mistakesLearning from mistakes is important. So, here are some tips:
Some addons just impove visuals. Other addons simply make the game better. Here are five addons you should use to improve your experience in the Elder Scrolls Online. Featuring Action Duration Reminder, RaidNotifier, Shissu's Guild Tools, Inventory Insight and AwesomeGuildStore. 1: Action Duration Reminder - by cloudor You are a brave person and visit dungeons very often. No matter whether you are a Damage Dealer (DD), Healer or Tank: Action Duration Reminder is a must have addon for any ESO player. Action Duration Reminder does exactly what you expect it to do. It shows a numerical timer on each (over time) ability you activate. Reminding you when your Damage over Time ability or Area of Effect ability has to be replaced on the boss. This addon is a nice addition to the game due to it improving your damage and skill rotation. 2: RaidNotifier - by Kyoma Many PVE guild participate in the weekly Trial. RaidNotifier is a nice addition to the game and warns you for any dangers that are ahead. Instead of having to rely on visuals or audio, RaidNotifier will warn you for any danger that may one-shot you. When a boss targets you, you get an on-screen notification that you are targeted by the boss. With this addon you will never be too late blocking or healing yourself through that most difficult part of the trial. 3: Shissu's Guild Tools - by Shissu Whether you run a guild or are high in rank, Shissu's Guild Tools will help you manage your guild. This addon has many features that are missing in the base game. The addon comes with a large list of improvements to the guild windows. Here is just a short list of the most useful and powerful tools this addon has to offer:
A full list of features can be found on the download page of the addon 4: Inventory Insight - by manavortex We've all experienced it: You have a few characters and you just want to rebuild one of them. You start looking for which gear you want to use. So, you start farming the gear or use the quick route of purchasing the gear in a guild store. After hours of farming or spending thousands of coins, you find out that you already own that set item you so desperately needed on another character. Luckily those times are over with Inventory Insight. This addon opens up a new window when you take a look inside your inventory, (guild) bank or guild store. In this window are all the items you own. You can filter them in categories or filter by text search. Hovering the item shows you how many of the item you own and which character or bank has the item. A must have that could save you hours of relogging to find that one item you had on that one character, but you don't remember on which. It also could save you hours of farming or prevent you from spending coin unnecessary. 5: AwesomeGuildStore - by sinrinsidiator
Everybody knows about guild store addons like Master Merchant (MM) by Philgo68 or Tamriel Trade Centre (TTC) by cyxui, but these addons are missing a crucial component. The addon that makes selling and buying items easy is AwesomeGuildStore. This addon, other than MM and TTC, does not show you prices or the amount sold this week or in the past 180 days. AwesomeGuildStores makes selling much easier by altering the listing screen in the guild store window. It allows you to set the quantity, unit price and total price, but also has options to set the price to an average or last sold price. The buying part of this addon is even greater. It allows you to filter the items in categories, eg. jewelry only or recipe only. Besides that you can filter the price range, Champion Points range, quality range, unit price range and even filter by text. And it doesn't end there. AwesomeGuildStore allows you to filter per armor/weapon/jewelry/etc. type, trait and enchantment. The addon can even filter out all the recipes and motifs you already know, so you can easily browse those items you can still learn on your character. AwesomeGuildStore is a must have addon to make coin, maybe even more important than having MM or TTC. Thus a highly recommended addon with more features on the download page. Finally it is here: the long awaited Thieves Guild Patch (v2.3.5). A complete new zone, new gear and old features making a comeback! Hew's Bane The new zone that comes with the Thieves Guild DLC is Hew's Bane. A Hammerfell location to admire. In this zone you will find a large amount of (repeatable) missions and live a thief's life. But you do not have to go at it alone. A new trail is added featuring challenging bosses: Maw of Lorkhaj. Most noteworthy patch notes:
Base game: - Scrolling Combat Text (SCT), similar to Foundry Tactical Combat (FTC) it will show on screen scrolling text of your damage, heals and more. - 64-bit client, ESO will now support more than 4Gb RAM. Resulting into less memory crashes for PC. - DirectX 11 upgrade, the implementation of DirectX 11 will allow better performance and better visuals. DirectX 9 Graphics Cards are no longer supported! Cyrodiil: - Adhazabi Aba-daro the Golden, a rare item merchant that appears at set locations on the map at set times, carrying rare items. You’ll be able to find Adhazabi in the following locations: Western Elsweyr Gate (AD) Northern Highrock Gate (DC) Southern Morrowind Gate (EP) - Forward Camps, these camps are making a comeback and will be available for purchase at the Siege Merchant. - Siege Weapons, will do 30% more damage. DoT has been reduced to 6 seconds. Oil catapults now take away roughly 20% of enemy Stamina. Lightning Balistae now will take away roughly 10% of enemy Magicka. Ballistae will now turn faster and will have 100% accuracy. Most snaring from Siege Weapons have been normalised to 50% (was 75%). - Alliance points for killing a player has been doubled. Champion System improvements: - The Champion System has been re-balanced and will be more diverse. New Collection Category, Assistants: - Full bagspace? No worries, your bank assistant is ready. Need to buy some items? Your merchant assistant is their for you. These assistants can be summoned like pets but not at the same time. New Collection Category, Mementos: - No longer will collectibles burden your character on his or her travels. All your already earned collectibles will be moved to the Collection System. Saving you a lot of bag -and bankspace. Provisioning update: - Recipies will appear on vendors throughout Tamriel. - Food recipies will be sold by Chefs. - Drink recipies will be sold by Brewers. - Provisioning Writs do no longer award recipies. And much more! http://forums.elderscrollsonline.com/en/discussion/251063/pc-mac-patch-notes-v2-3-5 From your Grand Warlord and Warlord, Dearest Lucky Maniac, Last year has been a successful year for Lucky Maniacs. Ever since the foundations were layed for our guild we have been working to make the guild grow and become a vibrant and social asset to your gameplay experience. Without you and your participation it was made possible to make the guild grow over the long desired 50 members mark. Allowing us to open the guild store and start trading. Making our guild even more attractive than it already was. Thank you for sticking around with our guild and for participating in guild events. Next to these events, many of you are actively forming groups to destroy AD and DC in PvP or slay bosses in the daily Gold and Silver pledges. We appreciate this very much and this is what makes Lucky Maniacs what it is. A social and spontaneous guild with a friendly attitude. What are the plans for this year, we hear you think. We can never tell for sure what the future brings us. Lucky Maniacs has always served good food, and good food sells itself. However this does not mean we can sit back and relax. Quite the opposite is fact. We aim to grow even further but not at the loss of quality. We always targeted new players and be a guild that assists new players. We will continue to target these players. We will also try to place one tutorial a month on this website. Next to that we will ask members to show us their build and feature them on the website. To celebrate that it is 2016, we will be giving away a valuable asset in the game. But not without making it too easy. The prize: 10x Glass Style Motif Fragments Find your way to the competition using the button below *opens in new window
Lucky Maniacs has been quiet for a while. Everything came to a hold. However, a new breath of life has been released in the Lucky Maniacs community. Old and new players alike prepare for battle. Massive battle in an old familiar land. The Lucky Maniacs are now part of the Elder Scrolls Online (ESO) universe.
As a start, Mega and Flax (a.k.a Stormfox) have founded the Lucky Maniacs guild and started recruiting members for this guild. And we are proud to report a steady growth in member count. At the moment, the guild consists out of 20 members, of which most have been online very regularly in the past weeks. The focus of the guild is on new ESO players and casual entertainment. Meaning that we provide a learning community and no obligations. We only expect people to behave and most of all, have fun together. We also provide easy access for your friends to join our community, since every members is able and allowed to invite players to the guild. Player vs Player or Player vs Environment? Lucky Maniacs is a guild that does both. But since we are mostly a guild that focusses on recruiting new players, we mostly are busy leveling with players and do a lot of player vs environment. This does not mean we do not have time for player vs player action. We glady take you on an adventure through Cyrodiil and fight real players. We provide tips and tricks and a bit of game support. Come join us in Elder Scrolls Online! Come join the Ebonheart Pact! Whisper in-game with @DTStormfox |
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Delivering Elder Scrolls Online support, tutorials, guides and builds since 2011 Archives
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