Getting Over on ppl in Markets?/Goodluck!

I hear this is the unofficial
http://seanmalstrom.files.wordpress....peen.jpg?w=500
thread?

Got I got boulder's son, not rock's....unlike a HOBO *chunks rocks @ Hobo*

generally i just try to match the lowest prices and avoid undercutting. because i don't want the value of my goods to decrease just to make a quicker sale.

also if its just one person doing some severe undercutting (like 1k less or something) i just ignore those because they'll generally sell fast and my 2nd cheapest priced ones will still sell regardless.

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Originally Posted by ChrysaorUSon

Point is I know they want more, but I can still come out on top even if I get only 2 gil profit on the item.

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Originally Posted by ChrysaorUSon

I've been seeing this a lot and it is very very annoying. People seem to be selling things on the AH for 1 gil when obviously, you can sell it to the npc right beside you for 1 gil, does this make any sense? You sell it on the AH for 1 gil, but you can get one gil from the npc!!! wtf people wtf? Have some common sense people, although it is not all so common. So this is why I am posting this for all you that can't comprehend game mechanics. Sell an item on the AH to get more GIL not any gil or 1 gil! :eek:

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Originally Posted by ChrysaorUSon

Point is I know they want more, but I can still come out on top even if I get only 2 gil profit on the item.

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You must not value your time then.

The thing is, why would you do that? hell, if I need gil, i hop on my weaver and make some threads/cloth and sell those, cuz they sell pretty fast and are cheap to make. Sure it's small bits of gil, but it adds up. I dun spend forever making millions, just enough to buy w/e I want whenever I want.

Wait, so you have the time to do this all day and night?

I change my stance, the game is boring and clearly there ISN'T enough content.

I could be wrong but I thought even if you list it at the same price the person who lists second will be on top? so undercutting isn't really a valid excuse for wanting to be on top

I don't know if it's appropriate to post this here but I did a search instead of making a new thread. Why are people undercutting to such a degree lately? What purpose does it serve? I ask this to the honest players because I know some undercutters are RMT and that's explanation enough but why do legit players do it?

Why is the market always a race to the bottom? If people just understood that waiting a few min, hours or days for a sale is ok you could make a lot more money. If the market price was stable then we would all make more gil. But if everyone keeps undercutting your going to have everyone making 0% profit. Be a smarter player, if you grind item drops expect to get paid for it. If you craft factor in shard and material costs. It's idiotic to see things selling bellow NCP price. I go to the market and think I'm looking a a used item buy & sell, all the time.

The thing of it is, with an investment of time, you can undercut down to just 1 gil and still "profit" because there are no third-party supply chain requirements for this game. You can literally supply every part of an item yourself from the mats to the crystals, and there is an unlimited supply of everything. So, the only value an item has is what sellers choose to list it for and what the market will bear in terms of speed.

A popular item I sell on the market generally goes for about 5-6k. Undercutting made it a rather unprofitable item, and so the market dried up for a day. I "reset" the price by listing the item at 12k. A few people came on and undercut me by a few gil, but the item generally sold. Thing of it is, the sell rate was probably half of what it was. So, twice the price but half the speed means my "profit" is the same. Because of the volatility of the market and the constant undercutting by larger-than-necessary amounts, the price quickly dropped back to the 5-6k average. It's too bad, as I was curious to see if the speed would pick up with enough sales to establish a longer history at the higher price, but odds are that's unlikely to happen given the way this game's economy functions.

Frankly, I don't see it changing for the better any time soon.

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Originally Posted by CatholicFan

Frankly, I don't see it changing for the better any time soon.

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What do you mean, "changing for the better"? In terms of that item, the equilibrium price is clearly 6,000, as demonstrated by your attempt to double the price. A single supplier doesn't get to set the price for the rest of the server.

Raw material supply isn't unlimited and free. That's only true if you're ignoring the sunk cost of gathering and farming.

buyers want it low, sellers want it high. whoever sells it low, it would get sold. I totally understand where you guys are coming from, I started lvling my GSM, most of accessories I have made so far, the market value of it is less than the material cost. Do I want to sell it that low? No, but do I have choice? No....

Fail troll is fail. On a side note, his life sounds AWESOME

Quote:

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Originally Posted by CatholicFan

The thing of it is, with an investment of time, you can undercut down to just 1 gil and still "profit" because there are no third-party supply chain requirements for this game...

A popular item I sell on the market generally goes for about 5-6k. Undercutting made it a rather unprofitable item, and so the market dried up for a day. I "reset" the price by listing the item at 12k...

Frankly, I don't see it changing for the better any time soon.

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even selling at that 1 gil profit your saying that your time is worthless. You could grind a few mobs in Eorzea to get a drop of 1 gil. :)

I love that your working to reset the market price on some items. Right now I am trying gathering as a means to make money. The problem is unless I stay ahead of other levelers the market gets flooded. Now when I see items selling for 2 gil a piece when NPC turn in is 1 gil i just keep the item. I'll craft them out of inventory. But you are right we are not going to see improvement unless the mechanics of the economy are changed drastically. It's a totally open market and if everyone can participate anything can happen.