If you’re an old-school reader of NBB, you may remember a contest I had last year giving away a copy of World of Warcraft to our 1337th commenter. Yea, I know, nerdy as hell. But the point is that I’m a fan of not only WoW - but of online gaming in general.
And as a diehard online gamer, I’ve been able to experience first-hand the real money-making potential of the MMO Black Market. I’m not talking about weird furry porn or real estate squatters in Second Life. What I’m referring to is account, currency, and virtual item marketplaces which have developed around actual MMOs such as World of Warcraft, Age of Conan, Warhammer Online, Everquest, and others.
This is big business. A billion dollar business (despite the IGE calamity). And the beautiful part is - most of you are already playing these games, so it shouldn’t be too hard to pick up how to turn your hobby into a bit of a revenue stream. Here’s how you can take your chunk of the change.
Currency Sales
This is by far the least efficient way to make money off of the MMO Black Market, but I thought it would only be fair to mention it. The reason is that in-game currency is easy to collect by unskilled labor and is only valuable in massive quantities. Lets say for example it takes you 4 hours to collect 1,000 Gold in WoW. You value your time at say $20/hr. It takes an unskilled laborer (most commonly outsourced overseas) 8 hours to collect 1,000 Gold. Sure you’re more efficient when compared side by side, but that laborer is getting paid $2-3/hr to farm that gold. Now that laborer (or his boss) can turn around and sell that 1,000 gold for $15 and turn an amazing profit, while you’re charging $20 for the same amount just to make ends meet.
It’s really impossible to compete with overseas labor when it comes to gold farming. That’s just the long and short of it. Now if you want to go middle-man and find a supplier who can sell you gold on the cheap and then you can turn it around for a profit, then that may be worth looking into. But with in-game currency so easy to farm up, it’s best to just avoid this market altogether.
This can also be said for powerleveling/honor grinding services. The overseas labor is just better suited for this due to their cost of living. I’d steer clear of it altogether.
Account Buying/Selling
This is where, in my opinion, the bulk of the everyday MMO marketeer’s money is to be made. In every MMORPG, the characters you create and play are bound to an account. Thus by buying or selling an account your really exchanging for the value of the characters (and play time) on the account. Since in a game like WoW it takes days and days of in-game play time to see the highest level and beast gear, these accounts have huge value.
The value of these accounts range anywhere from $100 to $1,000 and sometimes even more. The worth of the account is derived from the following:
- Level of character(s) on account - Current end level in WoW is 80
- Class of character(s) - Rogues are worth big bucks right now due to their PvP imbalance at the moment
- Quality of gear (items) on character(s) - Green < Blue < Purple < Orange
- Miscellaneous items/achievements - Epic flying mount for example
To learn the value of each account you come across you’re just going to have to take the time to dive into the market and explore a bit.
Typically an account with one level-capped character in blue gear is going to net you around $100. Full (low level) purples, maybe $2-300. Again, this all depends on the market as well as other factors outside of gear and level.
For example, a hunter level capped in blue gear is likely to get you $50-75 whereas a rogue of the same level and gear quality would get you more like $125-150.
Some Information You Need When Buying/Selling Accounts
There is some important details you need to have with every account transaction:
- Account name and password (obviously)
- Secret question answer
- Full name on account
- Account CD key
- Access to account email
If you are buying an account and the seller doesn’t have even one bit of that information, you don’t need to be doing business with them.
Word of Warning: Things to Look out for When Buying/Selling Accounts
There is currently no way to safely undergo a transaction between to people exchanging an account for cash. The developers don’t build this functionality in because they don’t think this market should exist at all and refuse to endorse it in any way. Of course, Blizzard also was firmly against name changing initially, but they eventually worked that into their services.
The only way to protect yourself is to either insist the other party divulge their information first (ie. give you the account or cash) - which leads to problems since both parties want to be on this end - OR use a middleman service. Which brings me to my next point on how to cash in on the MMO Black Market.
Account Renting
This is a brand spanking new thing (at least as far as I know) that gold farmers have only been doing for the past year or so. Basically in the hay day of IGE gold retailers would hire laborers to level their own characters and then use them to farm gold. The limitation of that is two fold. First, it takes a long time to level - about 1-2 months for the average player (yes I know some kids have done it in weeks, but the average gold farmer is not a power player). That means that before the account ever starts generating revenue the gold retailer has already invested significantly in not only that account but also the server that character is being leveled on. Which brings up point number 2: the old system allowed for no flexibility in demand.
In all MMOs there are different realms setup on servers. Each character is bound to that server. Which means that if you’re a gold retailer with 20 accounts on Server A and only 2 accounts on Server B you have no way of reacting to a huge increase in demand for gold on Server B and potentially a surplus of gold on Server A.
Which is why some gold farmers are beginning to rent accounts. They look for very well-geared accounts (typically classes that are good for farming - ie. DPS) and offer anywhere from $5 to $20/day to use those accounts. Since the farmers can drop and add accounts as demand fluxes from server to server, they’re able to respond to market demand at a significantly smaller investment.
Where you make money is in supplying these accounts. At one point I had 4 accounts earning $10/day each from SkyPvP. This is the only service that I have a confirmed income from, so it’s the only that I can really suggest. If you search for “account renting” or something similar you’ll find a lot more.
Use these companies at your own risk. There is nothing stopping them from logging into your account, taking your gold, and sharding your gear. What you’ll want to do before renting an account is to mail anything not bound to that character to a different account.
Offer Middleman / Escrow Services
Now just to be perfectly fair here, I’m deep in the middle of an application that will (hopefully) make middleman services a thing of the past. But for now, and at least for the next few months this is still certainly a legitimate way to make money in the MMO Black Market.
For reasons mentioned above, buying and selling accounts is very dangerous. You’re dealing with hundreds of dollars worth of goods that can be easily stolen. And once it’s stolen, there’s not much you can do about it - since the technical owners of those goods (Blizzard) doesn’t endorse what you’re doing. They’re not likely to help you.
So people often look to a middleman service. You basically act as human escrow. The reason there is no automated service for this at the moment is that middlemen do more than just take money from one party, account login from another, then release. They have to:
- Check the username/login
- Change username/login/email
- Confirm character(s) are on the account
- Confirm character(s) are of the quality as outlined by the seller
- Receive cash from buyer
- Release to both parties
Considering half of those steps take place in-game and are near impossible to automate, you can see why middleman services have become so popular in the MMO Black Market. Of course, like I said, I’m working on it.
The Tools You Will Need
Okay so those are the three main ways to earn some hefty cash in the MMO Black Market - but where do you get started? How do you go about it?
Well first off, you gotta find a marketplace. By and large the best I’ve seen is Markee Dragon. But here are some others:
If you’re thinking “All of these sites look pretty shady,” you’d be right. They are all pretty sketch. But if it weren’t so shady I doubt I could get away with calling it the MMO Black Market. But this is the best we’ve got. Unless of course someone comes along and builds something better.
I should also note that if you’re selling on Markee Dragon, you’re going to want to be TrustWho verified.
Automation (at Your Own Risk)
While a marketplace is something you absolutely need, automation is something that just helps you a wee bit. When talking about automation I’m referring to botting (ie. cheating). Bots play your character for you. This is useful when leveling as you can get 4-10 levels while you’re away from your computer at work or while you sleep. These bots can also do honor grinding.
But be warned: botting will often time lead to account bans.
Never bot on an account which you have significant investment. Botting is good for low-level single character accounts, but I wouldn’t use it on my cash cow accounts. Typically you will get 1 GM warning followed by a temporary ban. After that you’d better stop botting on that account as the next time will be a permanent ban.
Wow this post ran a lot longer than I expected. Anyway, there is in a nutshell (a tightly compacted, about to explode nutshell) of how to make money in the lucrative MMO Black Market.
Feel free to contact me with any questions or leave a comment. With a post this long I expect to do a followup or two for you guys.
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