I’ve seen numerous requests by players lately on how to make money, whether because of the Homestead release or just to buy gear. I’ve replied to some of these threads with some ideas but I wanted to consolidate them for anyone who might be interested.
So, without further ado, here are my top ways to make money in Elder Scrolls Online.
If you are serious about making money, the first thing you need to do is get the right add-ons. Make sure you get Master Merchant, which will give you prices for items based off the sales in your guilds and Tamriel Trade Center, which gives you listing prices based off user data from users of the plugin. Used together you can get a much clearer picture of the worth of an item and what you should ask for it. Without this, you are stuck guessing or worse, wasting time researching it - and that means you’re NOT making money.
A Guild A Day, Keep Poverty Away
Once you have your plugins, start thinking guild. As soon as you can, join a trade guild THAT HAS A TRADER. These are advertised in nearly any zone but you can go to Deeshan, Stormhaven or Craglorn and watch zone chat for recruiting. Most have minimum sales quotas, but not to worry, we gotcha covered.
Without a trade guild, you will effectively be halving your time between getting sellable materials and spamming zone chat to sell, or if you guild doesn’t have a trader, hoping someone in your guild needs your stuff. Get in a trade guild as soon as possible and make sure it’s one that has a trader.
In The Beginning… there was Money
Let’s start out with how you can make money as a newbie. As a new character, there are numerous ways to make money. I’ll outline them below:
1 - The Devil Dances In Empty Pockets
Thievery is one of the easiest ways to make money when you are new. Pickpocketing can be risky, but at low levels your bounty is small and quickly dissipates. As soon as you can, invest in the Legerdemain passives to increase pickpocket chances. A white item can be fenced (sold) at a outlaw refuge for 40gp and a green item goes for 100gp.
Note: There is a daily limit to how much you can fence and launder and this can be increased through legerdemain passives. I recommending putting at least one point into the passive to double your daily allotment.
2 - Rob Them Blind
In addition to pickpocketing, which initially carries some risk, there is straight out thievery. Open every container but be selective in what you steal, knowing your daily limit. Remember, white items are 40gp while green and blue items offer much better rewards for the same daily “slot”. In addition, you can get recipes which can be sold for 20-30gp for a green, 100-500gp for a blue and 1000gp+ after they have been laundered. Since homestead, you can get blueprints, etc. as well which can sell for 200-2000gp depending on the blueprint, etc. You can also get blue or purple motifs occasionally. Blue motifs generally sell for around 100gp, while purples can sell for 1000gp.
3 - Make Me A Bicycle Clown!
Crafting is a good way to make some honest cash. Each writ rewards both money and items which depend on your crafting level. Occasionally, you get things like intricate items, which sell for 100-200gp each or yellow tempers, which can sell for 5000-7000 each. This is also a good way to level up your crafting.
4 - Here We Go Gathering Nuts in May
Harvesting can make money in several ways. First, go out and harvest raw materials (wood, metal, pelts, etc.). You can then directly sell those raw materials in lots of 100 or 200 so crafters can buy them and refine them - and possibly get useful items like tempers. OR, you can invest in crafting passives and refine them yourself and possibly get the tempers, and then sell the refined items as well. Selling raw is the quickest way and requires less investment in crafting, whereas in the long run refining them yourself will probably yield more money.
5 - Wipe Them Out… All of Them
Killing things can also yield sellable items. From foul hides to other items, you can get various items that you can sale to vendors. This and questing are actually the least effective ways to make coin. The one exception is undead. Undead seem to drop glyphs, which can be sold or broken down (with an investment in enchanting).
6 - You need people of intelligence on this sort of... mission... quest... thing.
Questing is another way to earn money. Most quests reward items - which you can sell - or money or both. The problem is, most are time consuming. So this is a very inefficient way to make money.
We’re A Movin On Up!
As you get up in level, you will have access to more zones and more mobility - and maybe more trade guilds. It opens up more options, especially once you hit CP160. Why CP160? Because at that point, everything that drops will be usable endgame and there are tons of end game players. You can still do the things above, but being CP160 opens up additional possibilities.
1 - Daily Quests
There are good daily quests in Craglorn, Gold Coast and Wrothgar to name three. Most of the dailies reward you with containers that sometime contain motifs. These motifs sell for anywhere from 7000-28000gp each. Some are time consuming, others are just World Boss kills and they are usually popular enough that there are people doing them that you can join in with 24 hours a day.
2 - Farming
No, I don’t mean agriculture. I mean farming World Bosses or Public dungeons for highly sought after Overland sets, such as Spinner and Spriggans. A Spinner sharpened Staff or Spriggans sharpened dagger can get you 200K-300K (yeah, that’s THOUSAND) gold per pop. They’re rare, so in the meantime you can sell the impenetrable (PvP) or Divines (PvE) misc drops. They sell from the hundreds to the thousands.
3 - Crafting
You can become a crafter and hawk your wares on the trader. Selling blue or purple food can be a consistent form of income, as can tri-pots (healing, melee or spell) or even certain armor sets. You have to experiment with this as things come and go depending on the latest nerfs - yah, I said it! I recommend this more as a supplemental form rather than your main form of making money.
4 - Buy Low, Sell High
You can also spend the time to visit the lesser known traders and buy things low and then take them back to your (hopefully) much more prominent merchant and sell them for a profit. This makes some people a lot of money but does carry some risk so you really have to have your ear to the market.
No, I don’t mean cheat at the game. I mean, more like Insider Trading. Get yourself to the Public Test Server and play around with the big updates. Often, you will find that certain things will become MUCH more valuable with certain updates because they’re needed for quest, needed for writs, etc. For instance, the price of certain crafting items went up after Homestead. If you bought a ton right before and then slowly fed it into the system, you could have made good money.
6 - Be Creative
There are many more ways to make money - from renting yourself out to help someone power level - to something no one’s thought of. There are plenty of ways to make money - if you want to.
I hope this helps you or at least gives you some ideas and good luck on your financial success!