Our World of Warcraft: Farming WoW Classic Gold through Auction House Guide features the best methods for farming gold in the game! Gold is a lot harder to come by in the old school WoW, and you'll need it for a variety of things to make your life easier when playing.
The Auction House (AH) is a brilliant way of making money if you know the tricks on how to do it. The basic strategy with the AH is to buy things cheap, re-list them on the AH, and then sell them for a profit. Even better, of course, is to get good items from drops and then sell them on the Auction House for pure profit. Many players generate most or all of their cashflow simply by speculating on the AH. So a good understanding of the it, as well as some time to invest, is essential to turning it into a money-making proposition for you. It is also highly recommended that you get the Auctioneer addon for quick listing auctions, and knowing the average price of items.
On the Action House, there are several distinct ways to earn gold. Each of them requires a different play style and level of understanding. It is important to choose those which match your strengths and preferences in order to excel.
Farming is the simplest and most guaranteed way to make gold. It comprises using gathering professions (Mining, Herbalism, Skinning, Fishing) to gather trade goods and then sell them on AH. Usually you will not earn tons of gold/hour doing this, but there are very few risks involved and level of knowledge required to start is minimal.
Crafting means using your production professions (Jewelcrafting, Inscription, Alchemy, etc.) to craft items and sell them on AH. Requires having chosen professions leveled up and stocked with valuable recipes as well as understanding which products sell well. Crafting has a lot of potential, but involves investment and risk.
The most advanced way of making gold. It includes any form of buying and then reselling goods. Has the greatest potential for earning a lot of gold/hour, but requires very deep understanding of WoW market in general and your realm's market specifically.
This is very true for making gold on AH. The more complex line of business you choose (crafting or trading) the more important it becomes. While you can learn on your own from mistakes, much better approach is to use and consult plethora of free online resources and guides available. Learn common and well-known practices first and then use your creativity and cunning to improve upon those. Spending a few hours reading online about how to make gold on AH can boost your income several times. (e.g. place to start: 'The Consortium' gold making forums)
2.4 Tips for selling in Auction House:
The auction house is the main way to make gold. No it does not provide gold quickly but it does provides a steady stream of gold every day. The auction house is very helpful if you want to save up for something, want to hit the gold cap, or simply have something incredibly valuable in your bags and want to sell it for as much as possible.
Set a buyout price. You will usually get a better price, and sell more often and more quickly. People shopping at the auction house are typically in a want-it-now situation and do not want to wait for 8+ hours to get it; they tend to buy out auctions instead of bidding and waiting. So set the buyout price as the price you'll expect to get for your item.
That being said, consider setting a starting bid at substantially lower than the buyout pride. Not so low that you'll be losing money, but low enough to tempt potential buyers who are willing to wait. Remember that once you get a bid on the auction there must be a sale.
Remember that buyers can't split up stacks, so break up your stacks into convenient sizes. If the item is expensive, and is only used in a few recipes, and only a few are needed, selling in small lots may work better. If, for example, a common recipe uses four of the item, then sell in stacks of four or multiples of four. A stack size of one can be good, because it lets the buyers select as many as they need and not buy excess. But if you expect to sell more than a few of the item then make bigger stacks so buyers don't have to make so many bids. Consider discounting the unit price on large or odd sized stacks to get a faster sale.
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