Realistic Guide to Making Your First Million Coins in ESO

Are you just starting out in ESO and want a realistic and reasonably fast way to make your first million coins? In this guide, we’ll explore the three fundamental ways to make money in the game and focus on the best methods for beginners.

The Three Money-Making Methods

- Active Money-Making: Activities where you actively participate, such as harvesting materials or running dungeons.
- Passive Money-Making: Income that accumulates in the background, like selling crafted armor or golden glyphs.
- Trading: Buying low and selling high on Guild Traders, or investing in items and flipping them later.

For beginners, we recommend focusing on active money-making and starting some passive methods in the background. Trading requires experience and knowledge, and there’s a risk of losing gold if you overpay for items. Save trading for later once you’ve built a solid foundation.

Step 1: Active Money-Making

- Mining: Mining is a beginner-friendly activity that doesn’t require Champion Points (CP) or high-level skills. It’s an underrated method that offers great profits even for new players.
- Clam Collecting: Collecting clams is another simple and effective money-making method, on par with mining.
- Both activities allow you to earn starting gold while leveling up skill lines like blacksmithing and gaining CP in your spare time.

Tips:
- Focus on these activities until you’ve accumulated enough gold for your first investment (around 100,000 coins).
- Check out in-depth guides for mining and clam collecting on the channel for more details.

Step 2: Selling Raw Materials

- Once you’ve gathered raw materials, sell them on a Guild Trader to start building your coin reserve.
- Use the Guild Finder to join a trading guild, ideally one located in Mournhold, Elden Root, or Wayrest. These cities are the best trading hubs.
- After joining a guild, you can list your items for sale at the Guild Trader or directly through the bank.

Goal: Accumulate enough gold from selling raw materials to begin passive money-making.

Step 3: Starting Passive Money-Making

- Use the gold you’ve earned to start crafting and selling items like nirnhoned weapons and armor. These are always in demand because players need them for research.
- To get started:
-- Research the nirnhoned trait using a research scroll for instant completion.
-- Gather basic crafting materials and crafting components like Potent Nirncrux.
-- Craft simple items, such as daggers, at a blacksmithing table and list them for sale.
- Expect to make 5,000–10,000 coins per item, depending on demand and server prices.

Tip: Gradually scale your production as your gold reserve grows. For example, craft one dagger at first, then increase to three, five, or more as you earn more gold.

Step 4: Repeating the Cycle

- Alternate between active money-making and passive money-making.
- While waiting for your crafted items to sell, return to mining or clam collecting to keep the gold flow steady.
- Reinvest your earnings into crafting more items to sell, scaling your profits over time.

Goal: With consistent effort, you should be able to make your first million coins in about 10 hours of active gameplay.

Bonus Tips for Beginners

- Use price-tracking apps or add-ons (on PC) to monitor item values. This helps you avoid underpricing rare items like furnishing plans or motifs.
- Be cautious when listing items—always price-check before selling or learning them. Rare items, especially from new DLC zones, can be worth millions on release day.
- Remember, your first million coins will take the longest to earn. As your coin reserve grows, making money becomes easier through more lucrative investments.

Conclusion

Making your first million coins in ESO may seem challenging, but by focusing on active money-making and gradually incorporating passive methods, you can achieve your goal. Stick to simple activities like mining or clam collecting, reinvest your earnings wisely, and build a strong foundation for long-term wealth. With patience and consistency, you’ll soon find yourself with a healthy coin reserve to explore even more advanced money-making strategies.