This is a post from Nev’s 20 Days of Gold Making Challenge. Be sure to check out the other 20 Days of Gold Making participants.
The question for today’s post is: What was your biggest ‘oops’ moment?
I have had many mistakes throughout my career as a gold maker, however most of them I have eventually turned around and either at least made my money back if not a little extra profit. Which in my opinion is one mark of a good gold maker, noticing the mistake and working to turn it around and make that mistake work for you. Gold making, as well as life, is all about making mistakes, learning from them, and turning them around into positives.
My Biggest Mistake:
The biggest mistake that I know I had to take a loss on, was an experiment where I was trying out crafting old world items. The reason this turned into a mistake for me, as some of these old crafts can be quite profitable, was that I really didn’t have an end goal in mind for what I was really going to do with these items, as well as attempting to stockpile the mats for them without setting up proper thresholds for how much I would pay for the mats. This ended up with me spending way to much on mats, and ending up with way more mats than I would be able to store/process in any reasonable amount of time.
That is one of my more expensive mistakes, as far as not being able to recoup my costs, however lately I have been expanding into some of the more expensive items to try and flip them, ie. Haunted Memento, and Recipe: Dirge’s Kicking Chimaerok Chops. I have so far not yet sold these items yet, except for 1 Haunted Memento, though I don’t truly view these as mistakes since they are items that I know will take a while to finally sell.
In conclusion, never be afraid to take a risk, always have a plan, always have a plan B, always have a plan C, have patience, and always been trying to learn.
This past week I was honored to be asked to be a guest on Late Nite with Stede, I had a great time chatting with the venerable @StedeWoW and we had a lot of fun doing the episode. Be sure to go check it out at: Late Nite with Stede Episode 005
The Drunken Mogul