Make Money in Diablo 3
With the much anticipated launch of Diablo III set for May 15, 2012, many gamers are looking for a way to capitalize on the implementation of the Real Money Auction House that will be available and allow them to make real money playing Diablo 3. Buying and selling virtual currency has been a part of MMOs (Massively Multiplayer Online Games) since the days of Everquest and Ultima Online, but it has almost always been against the games terms of service (TOS) and had to be done in a black market environment, resulting in shady business deals and players accounts getting banned. With the launch of Diablo 3, Blizzard plans to bring the virtual black market to the foreground and allow players to buy and sell items and gold for real money, which in turn lends to the idea that players could make money playing Diablo III. This Hub will discuss how and why players will be able to make playing Diablo 3 into a profitable online business.
Real Money Auction House Transactions Fees
When you sell an item or gold on the RMAH, you will have two options. You can either put the money into your Blizzard (Battle.net) account and use it on the RMAH or for other Blizzard games like World of Warcraft, or you can cash it out straight to your PayPal account. Depending on what region you live, your transaction fees will vary. Here are the ones we know now.
- Blizzard transaction fee
- 15% from gold and commodities (gems, crafting supplies)
- $1.00 for armor or weapon auctions.
If you cash out straight to PayPal, these additional fees apply.
- 15% cash out fee
Why Did Blizzard Make a Real Money Auction House?
Blizzard may have hit the nail on the head with their business model for Diablo 3. Instead of charging a monthly fee like they do for World of Warcraft, players will only be required to purchase the game for $59.99 and they never have to give another dime to Blizzard. Considering the people are still playing Diablo 2, which came out in 2000, players are getting a very good value on their purchase. Enter the Real Money Auction House (RMAH).
I would predict that nearly every player who picks up the game will try their hand at posting items or gold on the RMAH and try to make a little cash back to either use to buy other items or gold on the RMAH or to put in their pocket. Blizzard will charge a fee for each auction that is put up on the RMAH. The fees will vary based on item type (gold, commodities, armor/weapons) but each time an auction sells, Blizzard will make a small amount of money. With most of their player base trained to pay at least $15 a month on gaming, Blizzard's speculation is that most players will use the RMAH for both buying and selling items. Basically, Blizzard is taking money out of the third party black market sites that deal in virtual gold and currency and putting it straight into their own pockets. Genius if you ask me.
Follow My Progress!
- Diablo 3 Profits
My personal Diablo 3 Money Making Blog - follow my progress as I attempt to make some real cold hard cash playing Diablo 3.
Gold Auction House
Blizzard is not entirely replacing in game currency (gold) with real money. Most of the buying and selling in the game will be done on the Gold Auction House (GAH), where players can buy and sell items for gold that they get from killing monster and completing quests. Most players will only buy items for gold from the Gold Auction House before they even think about spending real money on the RMAH.
Having two separate auction houses presents interesting opportunities for savvy players who are looking to make money playing Diablo 3. Players who learn to make profits on the GAH will be able to trade on the GAH and then put their profits up for sale on the RMAH. They will also be able to look for under priced items on one auction house, buy it, and then re-list on the other auction house to make a profit. The only way to get good at spotting these types of situations is by spending time every day watching the markets and learning what type of items sell well, how much they sell for, and how you can make money from playing the auction houses.
Making and Selling Gold
The hottest item that will be traded for real money will be gold. Players will be more willing to pay real money for gold than they will for armor and weapons. Many players that will play Diablo III are going to be gamers who played World of Warcraft, Everquest, Ultima Online or some other type of MMO that they had to pay a monthly fee to play. The average will be willing to spend a little money each month buying gold on the RMAH. Knowing this gives you an advantage if you are looking to make money playing Diablo 3. If you want to make real money playing this game, you need to learn how to quickly and efficiently make gold to sell on the RMAH. Personally, I invested in Marcko's Gold Secrets guide and also subscribe to his forum, which has been insanely active with players who all have the goal of making money with Diablo 3. You can check out a link to his site on my blog, which will soon be online. If you are serious about making money in Diablo III, then sign up for this forum and learn from dozens of other gamers who are planning on making piles of gold and converting it into real money.
Blog or Write Hubs about Making Money in Diablo
People have always been fascinated by people who are making money by doing something that most consider a hobby. Diablo 3 will be no different. Writing online is one of the best ways to make an income. I will personally be chronicling all of my Diablo 3 money making adventures in a blog and also posting a few different Hubs as guides. Who knows, I may even turn my experience into a book like Julian Dibbell did in the book Play Money. Play Money is a book about a gamer who quit his day job and traded gold in Ultima Online. I highly recommend picking it up and reading it if you are interested in making money playing Diablo 3.
If you're interested in writing about Diablo 3 and making money online, check out my Hub about my online writing here.
Do Your Research
There are several different blogs out there written by people who are planning on making a business out of this game and making a good side income by playing the auction houses, crafting, and farming in Diablo III. I'll post a few links here, but always be on the lookout for more guides and blogs as they will be popping up soon after launch on May 15th.
Diablo 3 Gold and Money Making Resources
- Diablo 3 Profits - My Diablo 3 Money Making Blog
PBody5205's blog about being a casual gamer and making a pile of money (hopefully) by killing monsters and leveling characters in Diablo 3.
- Diablo 3: Invest in Your Character
Like any business, you must invest time and resources if you want to be a success. Your main character in Diablo 3 can turn into a money making machine with the right investment strategy.
- Make Gold in Diablo 3
A guide to making gold in Diablo 3. Use strategies here to save up for that godly weapon or sell your gold on the Real Money Auction House for cash!
- Make Money in Diablo 3 by Bidding on Items
Make money in Diablo 3 by bidding on items in the gold and real money auctions houses. This strategy has made made millions of gold in just a few minutes a day!
- Make Money in Diablo 3 Selling Legendary and Set Ite...
Make money and gold in Diablo 3 by buying and selling legendary and set items. Use this easy to follow strategy to make consistent income playing Diablo 3.
- Diablo 3 Gold Guide Blog
Marcko's Gold Guide blog. One of the best out there.
- Diablo 3 Strategy Guides: Gold & Auction House, RMAH, Leveling, PvP
Visit D3Domination.com for Diablo 3 strategy guides and tips that will help you dominate the game.
- Diablo 3 Artisans - Making Gold, Real Money and Farming
Make gold and real money in Diablo 3. This is the best resources to Diablo 3 Artisans, making real gold, real money and farming.