Everything you might want to know when starting.
You need gold for so many things and eventually you will need more and more as you go. Between bank upgrades, inventory upgrades, daily mount upgrades and repairing your armor on a daily it can add up. I personally don't like to sell my loot as I break it down for crafting XP (but that's for a different section). So here are some ways I've found helpful for getting a decent amount of gold for your every day needs, at least while starting out.
Stealing is a good an efficient way to kill two birds with one stone as it levels up your Ledgerdemain (found under World on your skill page) while making you some decent money. As you get your Ledgerdemain skill line up, you have better chances at pickpocketing. If you find yourself not being able to pick locks very well, I suggest on working on it this way as well. Breaking into houses, you can often find Safeboxes which have decent loot. If you have ESO Plus and/or the Dark Brotherhood DLC, I suggest you start it up to get the Blade of Woe as that's very helpful because you can kill people without getting a bounty fast and efficiently (still have to watch out for witnesses) and usually they drop a 40-100g item.
In order to sell stolen items, you have to go to an Outlaw's Refuge which you can find in or near most major cities, marked with a on your map. My favorite one is in Gold Coast near Anvil as it's almost directly next to the wayshrine and avoids guards if I have a bounty, but there's one in Rawl'kha not far from the wayshrine as well. You can launder and/or sell your stolen items to a Fence (a merchant who deals in stolen goods) there. If you have ESO Plus and/or the Thieves Guild DLC you can sell and launder more to the fences as you progress down their skill line as well.
Soulgems are mainly used for reviving yourself and other players but we often get an over abundance and we get a lot of empty ones as well. You can literally sell full soulgems for roughly 5x the amount if you fill them and Soul Trap is a free skill (you can find it under World on your Skills Page) that you don't have to spend any points on so in my opinion it's an easy way to make more money if you throw it on while you're running around exploring and killing stuff and filling up soulgems while you do it.
Looting is literally the best. Everything sells especially if you're into guild trading. Crafting materials, crafting motifs, armor, weapons, they all sell! I've gotten some purple crafting motifs (that can range in price from 1k-2k min) in those little urns from Dwemer ruins! Loot EVERYTHING!
If you do fast travel from another wayshrine it doesn't cost anything and it costs more the faster you do it if you aren't at one, so try to either wait to fast travel or just head to the closest wayshrine to travel and make it worth by collecting more resources and loot on the way! You can look for wayshrines you're close to on your map by searching for the symbol on your map.
The more inventory space you have, the more loot you can hold and the less trips you'll have to take back to merchants. Honestly, you can hold up to 100-200 of most items that stack so if you know you're going to be farming more you can always hold off, but try to deconstruct and/or sell those items that don't stack right away for sure. ESO Plus with it's crafting bag is a Godsend. Crafting materials literally don't even count toward your inventory space and you rarely have to stress. ESO Plus is worth it just for the crafting bag alone in my opinion.
Not only have you asked yourself what to do with all your stuff but you're probably wondering how some of it actually works and how to easily find things.
You do have a Bank Inventory which can offer you additional storage but your main storage is your basic character inventory. You can buy more inventory space through the Crown Store or through a Pack Merchant which you can find in most major cities , generally with the other merchants. You can hover over the symbol on the map to get a list of merchants. You can purchase 10 slots at a time, the price increasing the more you expand.
If you have a mount, you can also go to the stables and upgrade your mount daily for 250g and get additional inventory slots (up to 60). I suggest buying a mount if you don't already have one, a horse costs 10,000g from the stables or you can purchase with crowns in the Crown Store. It's a one-time purchase for your account because any mounts, costumes, pets, and other 'collectibles' you get are shared throughout your account, so if you plan on making multiple characters, you won't have to cough up another 10k. However, your mount upgrades are based per character. For example, if you are leveling your inventory through your mount, it will only count for that character.
Your Bank Inventory is additional storage that can only be accessed through a Banker NPC which you can find in most any major city, just look for the symbol on your map. You can purchase additional bank inventory from bankers and, unlike your character inventory the slots are shared so you only have to upgrade these once however, increasing you bank storage is a little more pricey. You automatically access this storage at crafting stations, so you don't have to run to your bank to grab crafting items if you want to brew a potion or make a sword. That is why, if you don't have ESO plus I suggest dropping off your crafting items to your bank so that it doesn't clutter up your inventory.
In your general inventory you will see that there are many ways to separate your items so things are easier to find, if you play with them a bit it's not too hard to figure out so I'm not going to go into detail here. It's pretty simple, you can separate out your Weapons (bows, dagggers), Apparel (armor, shields), Consumables (potions, recipes), Materials (items used when crafting), Furniture (things to decorate your house), Miscellaneous (stuff you can sell to merchant or that doesn't otherwise fit in any other category), Quest Items, and Junk (things you mark to sell and/or destroy later). It's worth it to point out the Quest section because occasionally there will be quest items that won't appear in you inventory except in this section for quests. Also, marking things as junk is neat because you can mark things off as you're sorting through inventory by right-clicking the item to easily sell in bulk later. If you were going to destroy it, I don't know why you'd take the extra step in right clicking it as junk first, but to each their own.
This is only accessible if you have ESO Plus. If you had ESO Plus but you didn't renew, you can still withdraw but you can no longer put things into this section. It's important to note that you won't see this in your general inventory, even if you select to view all because it's completely separate. Since it's a separate inventory, you would have to remove items from this section by right-clicking and withdrawing the item in order to sell, trade, or mail it. In your crafting bag, you can sort by material type so you got your Blacksmithing (ores and ingots), Clothing (hide and silk), Woodworking (wood), Alchemy (regeants and solvents), Enchanting (runes), Provisioning (meats and veggies), Style Materials (bone for wood elf, copper for barbaric), and Trait Materials (citrine for decisive, emerald for training). You'll also have more than these things in there, but that's to give you a general idea of what all those crafting bits mean.
This is just to easily show you how much of each type of currency you have, you can easily glance at this by hovering over your gold amount at the bottom of your general inventory section as well. I'll be going over the different currencies more in depth below but you have several: Alliance Points (used when purchasing PVP items in Cyrodil) Gold (the general currency in ESO), Tel Var Stones (used to buy special items, weapons and jewelry in the Imperial City Sewers), and Writ Vouchers (used to purchase special and legendary items for crafting from a certain merchant in Wayrest).
Lastly, we have our quickslots which is really convenient for taking potions, easily changing your appearance, doing certain things like fixing doors and walls in pvp, as well as easily use your momentos. Slottable items will be your potions and food items that you will take on a consistant basis and won't want to have to go and rummage through your inventory to gain access to in the heat of battle. Collectible items will be your different Momentos (which are special emotes that you acquire in different ways), personalities, costumes, etc. You can easily click and drag different items in and out of your quickslots just like you do with your skills but you can only have one active at a time, and it uses 'Q' by default. To easily swap out different items, hold down 'Q' and move your mouse around to the item you want to be slotted.
This will be a brief introduction to how to gain and where to use the different currencies but I will go more in depth with those when I do guides for specific things like PvP and Crafting. Gold Coins are the main currency and essential to do most things in ESO like repairing your gear, increasing your different storages, buying stuff from merchants and guild traders. You can get them in the ways I listed above, especially early on but there are definitely other key things to look out for that are more advanced, there are also addons (which I will go over in a different section if you checked the contents) and different google tools that can help you more successfully price things, check how much things are worth, and it's good to keep your eyes peeled for different ways to make some big monies. Farming different currencies can help you make more Gold Coins, but most of the other currencies are what I'll call "advanced currencies" so I wouldn't worry about them too much just yet, this is mostly so you have an idea of things you may want to start preparing for.
As I previously stated, Gold Coins are your main and most important form of currency. Guild Traders are something you want to look out for, they're how you buy and trade with other players. Just look for the symbol on your map. It's always best to buy from them instead of through merchants as most people are smart sellers and will price things lower than merchant value, while still maintaining a profit. You should always shop around since you never know where someone might be selling the same thing(s) for a better price. You may want to look into joining a large Trading Guild yourself. As of now, BlackStarGaming is not a trading guild, we are more of a social and beginner guild. Keep in mind that you can join up to 5 Guilds. Guilds are also account based, not character based, so any guild you belong to will be the same for all characters you may have. Mail works this way as well. I will go into what guilds to join and how when we get more in depth with guilds, so for now more money talk.
There are certain things you want to consider, as someone new to this information: What do you have fun doing that you think you can make a profit from?
Do you want to be a crafter and learn how to craft all the traits and sets of all the different types? This probably is the most intense yet rewarding for both making money and personal reasons as you can make your own armor. Do you want to be a farmer and farm materials and special items or set pieces? Do you want to be a thief or someone who adventures and constantly loots? These three types of "jobs" are probably the 3 main ways to make money. I will have separate guides for each of them with more detail at some point, but they all definitely do require that Trading Guild we keep mentioning.
I'd like to give a brief description of what each "job" entails, so you can kind of get an idea.
Crafters will buy and loot different motifs, recipes, and furniture equivalents (Praxis, Blueprints, etc) and become master crafters (this is when you are level 50 and know all traits), complete or sell sealed writs, research different traits for each piece of armor and each weapon and shield type. They can sell crafted training sets, create weapons and armors with certain traits for others to research, and create equipment for people to use throughout their gameplay whether it be pve or pvp. They also can craft different potions and poisons as well as different foods that people use for dungeons, trials, and even leveling their characters.
Farmers will collect materials and loot things. They typically have specific areas they do their rounds in, and there are certain areas they may focus on (such as my favorite Craglorn for the nirncruxes) I have made probably about 200k in Potent Nirncruxes in the past few days alone, but it does take a bit of farming. Farmers have the ancestor silk, the rubedite, ash, the materials crafters and common folk may need to make their potions and recipes, etc. Farming includes picking flowers as well, looting everything, killing loads because meat only drops from animals, as well as fishing.
Adventurers/Thieves will loot and steal, pickpocket, break into houses, run delves, dungeons, etc. They grind Dolmens and Trials and Dungeons for gear sets, motifs/recipes and all of that.
If I'm truly being honest, the most efficient way to make money is to be some combination of all 3 of these with a heavy focus on one or two. I actually heavily focus on all. I would say I'm mainly a farmer but at this stage I am nearly a master crafter with a decent amount of style motifs under my belt, I only sell the materials that cost a lot, motifs/recipes/blueprints/etc I already know or that are super worth just selling. Most of my money comes from farming as I'm still mastering the craft and collecting stuff. Stealing is still something I believe is worth doing, especially for the simple fact there are only certain motifs you can get in certain areas through this.
To understand how the economy works in ESO, it's definitely beneficial to get Addons and specifically (at least my favorite addons) are MasterMerchant and AwesomeGuildStore. All you have to do to get these Addons, and an easy and efficient way to do so and keep them updated as well, is to download Minion. Minion can be *downloaded here* and *click here* to watch a video on how to install it (you can watch the whole thing if for some reason you don't want Minion, but I highly recommend using it), so I won't go into that. I do recommend getting the other Addons she suggests, and I might throw in some more helpful ones I suggest for different things as we go as well.
Alliance Points are rewarded through PVP in Cyrodil whether it be killing another player, taking over farms and keeps and they can only be spent in Cyrodil. You can use them to buy different things, mostly Siege Weapons and Repair Kits, but there's much more I will get into later.
Tel Var Stones are loot that's awarded like gold in chests and by killing monsters and bosses in the Imperial Sewers or Imperial City in Cyrodil. There are merchants in the Imperial Sewers that only trade for Tel Var Stones. You can get special gear and special items from these merchants that you can't get anywhere else. One of the popular ones (if you're a farmer/adventurer/crafter like me) is to get the Hakeijo rune which is the best (and most expensive) as it creates Prismatic Defense Glyphs. But of course, Tel Var Stones are a grind to get, save, and Cyrodil as a whole is pretty advanced and even when you're doing PVE, PVP is still a thing as well.
Writ Vouchers are rewarded when you complete Sealed Crafting Writs. The different writ tiers are shown with color, so you have your purples and golds mostly, or Epic and Legendary. Whatever the color is usually the expected quality of whatever you're expected to craft. These are a lot like daily writs, but you can do as many as you want in a day as long as you have the time, materials, and skills to do so. I will go more into writs specifically in another section, but that's the jist.
To trade in your writ vouchers you want to visit Rolis Hlaalu. You can find him in Wayrest (Stormhaven), Elden Root (Grahtwood), or Mournhold (Deshaan). He sells a bunch of unique items that you can't get anywhere, such as various crafting stations (for your home or to sell), Ebony motifs, and the Glass Style motif, you can check out more if you click here.
Crowns are currency typically bought with real-world money. You also get some every month with an ESO Plus Membership, but you can also buy them directly. These are used to purchase things in the Crown Store.
Gems are what you get when you buy Crown Crates and you either trade items in for them, or you get a repeat of something unique that doesn't stack (such as a cosmetic item like tattoo or costume). You can then trade Gems in through the Crown Crates section and actually pick your item or save them up to buy something else even better (such as a mount). The different reward tiers (see the picture to the side) are Apex, Legendary, Epic, Superior, Fine, and Common. You access these by hitting 'C' and going to the Crown Store, selecting Crown Crates and looking though the various types. To extract the Crown Gems from items you may not want, simply press 'F3' and it should go into Crown Crates mode and you just hit 'F' to extract the gems. If you've changed your keybindings, these keys may not work and you will have to check your keybindings in settings.