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Thread: Making money

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    Member Online status: GeekWoman is offline Reputation: GeekWoman the Neutral
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    Making money

    I have a tailor and am just now learning the skill. She is a forester so she has gathered herself some good hides. She processed the hides to make light leather. The she made it into pads. The raw materials were free. But she needed to buy a spool of rough thread for 1s 60c. Then she made padded armor. It only sold for 1s 39c.

    So how does a tailor make any money at this?

  2. #2
    Senior Member Online status: kickman77 is offline Reputation: kickman77 the Wary kickman77 the Wary kickman77 the Wary kickman77 the Wary kickman77 the Wary
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    Re: Making money

    at lower levels you may not make much, but try the auction house in bree, as you level your tailor though, you will see a huge difference in sale price compared to cost of making it (again at auction house) and since alot of people use light / medium armour i would suggest trying to "crit" as much of it as you can again for sale. Hope this helps.

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    Post Master Online status: Yula_the_Mighty is online now Reputation: Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow Yula_the_Mighty a Light from the Shadow
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    Re: Making money

    The only way to make silver converting raw materials into finished goods for most crafting is by selling the finished product to another player. When you sell to a NPC you are paying the NPC penalty which is 25% of face.

    You paid 160 copper for that spool of rough thread. The vendor will buy it back from your for 40 coppers.

    You are trying to sell a padded leather for 139 silvers to the vendor. The vendor price to sell that the padded leather is 556 silvers.

    You will see this issue in real life a lot. The spread between what it costs you to buy something versus what you can sell it for. This is why folks want to sell stuff themselves so they do not pay a third party cut. The third party is buying from you. The third party knows (you do not) where to find someone to sell it to.
    Last edited by Yula_the_Mighty; Jul 24 2011 at 04:14 PM.


    Unless stated otherwise, all content in this post is My Personal Opinion.

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    Member Online status: GeekWoman is offline Reputation: GeekWoman the Neutral
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    Re: Making money

    Quote Originally Posted by kickman77 View Post
    at lower levels you may not make much, but try the auction house in bree, as you level your tailor though, you will see a huge difference in sale price compared to cost of making it (again at auction house) and since alot of people use light / medium armour i would suggest trying to "crit" as much of it as you can again for sale. Hope this helps.
    What does "crit" mean? And are you saying that I should auction the armor I make? I'm new to auctioning and wasn't sure I could auction without being a subscriber. I have made a purchase in the LOTRO store. I think that takes me out of being a "free" player.

  5. #5
    Senior Member Online status: Evebel is offline Reputation: Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads
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    Re: Making money

    Don’t listen to people who say that you cannot make money with tailoring. I personally made TONS of gold with Tailoring, even at very low levels. In short:

    1) Get as many tailoring recipes as possible
    2) Crit as often as you can
    3) Sell your finished goods on the auction house to other players, NOT to a vendor.

    1) Tailoring recipes drop from humanoids, so kill them every chance you get. The drop rate is low, though, so have a reasonable expectation about how many you will find this way. As soon as you start making a little money, start checking the AH regularly for new recipes. The price will be high, but worth it.

    Anything you already have the recipe for, start making. I usually only make 1 or 2 of anything at a time. Take it to the AH and put it up for sale. Regular (non-crit) pieces I will post for between 20 and 40 silver each. Crit (purple) pieces I will sell for at least 100 silver – and sometimes, depending on the level of the item or how good the stats are, as much as 500 silver each. If you’re just making apprentice armor, you can safely price non-crit pieces at 20 silver each, and crit pieces at 100 silver each. You might even try asking for more.

    Will people pay this much? YES. It surprised me too. But here’s the reasoning:
    • In the early levels, quest gear is terrible. Some is actually gray, with no stats at all, or badly-itemized stats. Armor count is poor. In other words, it’s bad gear! So it’s logical that almost anything YOU can make will be BETTER than what players will get while questing (in the early levels).
    • Also in the early levels, almost everyone wears light or medium armor – the kind a tailor can make. As they level, some classes start getting access to heavy armor, that you cannot make. But until level 20 or so, almost everyone wants tailored gear. This means that the demand for your products is actually higher at low levels than it is at higher levels. I have always found that Apprentice and Journeyman gear sells the fastest, and this is why.
    • After level 20, players get access to skirmishes, and then group instances like Great Barrows, from which they can get great gear. But in the lower levels, they’re pretty much stuck with terrible quest gear, begging from kinmates, or buying from you. A surprising number will choose to buy from you.

    2) A little bit about crit. In the beginning, you do not have the ability to “crit” (i.e., make an “improved” version of the original recipe) armor. That makes sense, as you are just learning your craft. Each tier of a profession has two phases. In the first phase (also known as the “proficiency” phase), you can only make regular, non-crit stuff. You try to craft a Heavy Armor piece, and you get a Heavy Armor piece. Period. That’s ok, because as I explained above, you can still make some starter coin from these regular non-crit pieces.

    After you finish your Apprentice tier (the red/orange bar is complete, and you get access to Journeyman stuff), you’ll actually have the ability to start “critting” the Apprentice recipes. You have actually entered the 2nd phrase, the “mastery” phase, of the Apprentice tier. This means you can crit Apprentice recipes. You won’t every time – in fact, the default chance to crit is quite low. But there are things you can do to help. Using better tools will help, as will using scholar-made crit scrolls. But the most important thing you can do is use Flax Fibres. If you have a forrester, he/she has probably already found some while gathering wood. Every time you use one, you’ll drastically increase your odds of making a “crit” piece. The crits are better, with improved stats, and much more in demand (they’ll sell like hotcakes).

    3) If you don’t yet have access to POST auctions (F2P characters don’t get it automatically, and even Premium players have only can have only 5 items for auction at any time), get it as soon as possible. This will really make a WORLD of difference in how easy it is to make money with tailoring. And while you’re at it, remove your gold cap (if you have one)! You’ll be exceeding 2 gold in no time flat.


    ~.~ Real LOTRO PvP happens on the AH. ~.~

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    Senior Member Online status: dmark101 is offline Reputation: dmark101 the Wary dmark101 the Wary
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    Re: Making money

    the easiest way for an explorer to make money at a low level is to:
    • gather hides in easily arranged stacks [10, 25, 50, 100 - you get the idea]
      • do the same for leather
      • do the same for logs
      • do the same for treated planks
      • do the same for chunks of ore
      • do the same for smelted ore [ingots]
    • list them in the auction hall
      • if you want them to sell quickly, see what's in the AH, then try to come in under the average listed price
    • profit

    works pretty well.


    forgot to mention: if you're an F2P'er, this will work better if you purchase access to the AH.

  7. #7
    Member Online status: GeekWoman is offline Reputation: GeekWoman the Neutral
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    Re: Making money

    Quote Originally Posted by Evebel View Post
    3) If you don’t yet have access to POST auctions (F2P characters don’t get it automatically, and even Premium players have only can have only 5 items for auction at any time), get it as soon as possible. This will really make a WORLD of difference in how easy it is to make money with tailoring. And while you’re at it, remove your gold cap (if you have one)! You’ll be exceeding 2 gold in no time flat.
    Thank you so much for the excellent advice! In other MMORPGs, I've always enjoyed the crafting the most. In this one, I realized I needed to get at least one character moving through the quests to see what it's all about. She bought a cozy little house and is having fun. Then I created her "sisters" who are doing the crafting and I'm having a good time with it. They had a sale on removing the gold limit last week so I took advantage of that. If I've made a purchase in the LOTRO store with real money, does that make me a Premium player?

  8. #8
    Senior Member Online status: Evebel is offline Reputation: Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads
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    Re: Making money

    Quote Originally Posted by GeekWoman View Post
    Thank you so much for the excellent advice! In other MMORPGs, I've always enjoyed the crafting the most. In this one, I realized I needed to get at least one character moving through the quests to see what it's all about. She bought a cozy little house and is having fun. Then I created her "sisters" who are doing the crafting and I'm having a good time with it. They had a sale on removing the gold limit last week so I took advantage of that. If I've made a purchase in the LOTRO store with real money, does that make me a Premium player?
    Yes, if you have purchased something from the store with real money, you are a Premium player. You should have the ability to post up 5 auctions on the AH at any time.


    ~.~ Real LOTRO PvP happens on the AH. ~.~

  9. #9
    Senior Member Online status: Evebel is offline Reputation: Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads Evebel the Watcher of Roads
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    Re: Making money

    Oh, I just noticed you're on my server! Welcome to Crickhollow!

    Feel free to send me a PM anytime you see me on. My main is Atva, and I'd be happy to help with anything you might need.


    ~.~ Real LOTRO PvP happens on the AH. ~.~

  10. #10
    Member Online status: Mulots is offline Reputation: Mulots the Neophyte Mulots the Neophyte Mulots the Neophyte Mulots the Neophyte Mulots the Neophyte Mulots the Neophyte
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    Quote Originally Posted by Evebel View Post
    Don’t listen to people who say that you cannot make money with tailoring. I personally made TONS of gold with Tailoring, even at very low levels. In short:

    1) Get as many tailoring recipes as possible
    2) Crit as often as you can
    3) Sell your finished goods on the auction house to other players, NOT to a vendor.

    1) Tailoring recipes drop from humanoids, so kill them every chance you get. The drop rate is low, though, so have a reasonable expectation about how many you will find this way. As soon as you start making a little money, start checking the AH regularly for new recipes. The price will be high, but worth it.

    Anything you already have the recipe for, start making. I usually only make 1 or 2 of anything at a time. Take it to the AH and put it up for sale. Regular (non-crit) pieces I will post for between 20 and 40 silver each. Crit (purple) pieces I will sell for at least 100 silver – and sometimes, depending on the level of the item or how good the stats are, as much as 500 silver each. If you’re just making apprentice armor, you can safely price non-crit pieces at 20 silver each, and crit pieces at 100 silver each. You might even try asking for more.

    Will people pay this much? YES. It surprised me too. But here’s the reasoning:

    etc

    The reasoning behind the "you're not making any money with tailoring" is that you would most likely sell the mats for more than you make selling the finished materials.

    For example these days I can easily sell 40-50s for one piece of medium leather, so two would be 80s minimum. Anything you make that you sell for less than that is at a loss.

    This was true in every MMO I played.

  11. #11
    Member Online status: ianwelshy is offline Reputation: ianwelshy the Neutral
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    i have to agree that u can make a profit out of tailoring.I make lvl 51 and 54 and now lvl 66 and 68 armour and i sell lvl 51and 54 for 500s which is veyr low imo but i knwo it will sell.and 700s for lvl 66,68 armour and the first time i made 30 peices of armour i made very good profit now i have been making and selling for three days and i have made 14gold ))) so it does pay off.think i am going to make low lvl gear for new players and sell for average 90-100s

  12. #12
    Grand Member Online status: Thorgrum is offline Reputation: Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated Thorgrum the Undefeated
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    Quote Originally Posted by Mulots View Post
    The reasoning behind the "you're not making any money with tailoring" is that you would most likely sell the mats for more than you make selling the finished materials.
    ^This.

    Key is balancing it out, sell the raw materials on the AH for coin to supplement your crafting. Sure you can sell your wares on the AH and make money, but there are multiple ways to obtain gear so your target market is limited. Just doing the epic line you can pretty much fit out a toon to end game with minimal need to buy any crafted items.

    Sell the harvested mats, you'll make money.
    Fix the lag

  13. #13
    Poster of Note Online status: C-Hound is offline Reputation: C-Hound the Wary C-Hound the Wary C-Hound the Wary C-Hound the Wary C-Hound the Wary
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    There are also several recipes for cosmetics - packs ( http://lotro-wiki.com/index.php/Tail...ndex#Backpacks ) and quivers ( http://lotro-wiki.com/index.php/Tail..._Index#Quivers ) and housing decorations (for example: http://lotro-wiki.com/index.php/Tail...ex#Decorations ), among others.

    These can sell for high-double digits for the commonly available recipes (see Racial Housing-Area Vendors) to several hundred SP (or even Gold) for the highly coveted rare drops.

    While these recipes often command prices on the AH in the 1 GP+ range, they are worth the buy - selling just a half-dozen or so can cover that cost, and the rest is pure profit.

    (WARNING - Be wary of buying expensive recipes on the AH that are available cheaply from Housing-Area Vendors! KNOW which are drops and which are over-the-counter!)

  14. #14
    Junior Member Online status: ernieR is offline Reputation: ernieR the Neutral
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    for a tailor just starting out selling crits on the AH is the only way to go , regular quality items are vendor trash and you'll lose money making them .

    as your reputation gets higher with the tailoring guild you'll be able to make guild only items , these will sell ok on the AH and you'll start making money

    the Hyboldt armor quests have really killed the market for level 85 tailoring and metalsmithing . the only thing i can sell on the AH now are cloaks and shields . when level 75 was the cap i made a ton of money with the guild items

  15. #15
    Senior Member Online status: Susuwatari is offline Reputation: Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte
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    Quote Originally Posted by C-Hound View Post
    There are also several recipes for cosmetics - packs ( http://lotro-wiki.com/index.php/Tail...ndex#Backpacks ) and quivers ( http://lotro-wiki.com/index.php/Tail..._Index#Quivers ) and housing decorations (for example: http://lotro-wiki.com/index.php/Tail...ex#Decorations ), among others.
    Yes, I have especially good luck with selling the Red Canopy Bed and the Cushioned Bench, the recipes for which are only available if you have your Esteldin rep high. They're both fairly simple to make, although the bench does require a vendor decoration as one of the ingredients, from the Bree-land housing vendor I think.

    As for gear, I have had some success selling crit-crafted armour, but you have to be careful as at some levels even the best crafted gear lags behind what you can obtain through bartering or quests, particularly once you get to the Moria levels (50-60), and then later on you also compete with some of the Rohan gear as well. So just check the market to see how well stuff is selling at the various tiers. EVERYONE needs cloaks no matter what type of armour they use.

    Tailors don't have the best guild relics to craft and sell (the non-BOA ones are +Fate), but I do manage to sell them occasionally. It's worth a shot at least. If your relic gets sent back to you from the AH, you can always decon it for a nice chunk of shards.

  16. #16
    Junior Member Online status: ernieR is offline Reputation: ernieR the Neutral
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    Quote Originally Posted by Susuwatari View Post
    If your relic gets sent back to you from the AH, you can always decon it for a nice chunk of shards.

    two years playing and i didn't know that . nice , thanks !!!

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    Senior Member Online status: Susuwatari is offline Reputation: Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte Susuwatari the Neophyte
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    Quote Originally Posted by ernieR View Post
    two years playing and i didn't know that . nice , thanks !!!
    Oh yes, crafted relics have a better shard exchange rate than most regular relics. Even the Minor Symbols (lowest tier crafted relics) give you 64 shards on a decon. Downside of course is that all of the relic recipes are on various cooldowns, but still, 64 shards isn't bad for just a few Tier 6 leathers.

    The BOA relics (with stats other than Fate) are very useful, though. I'd save your Compendiums for those, rather than using them for shard fodder

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