Undercutting by stupid amounts - why do it!

Everyones trying their damndest to make a little gil, why do people then say see 20 stacks of say copper ore for 50gil each (an example) and drop the price to 5 gil...surely everyone with sense would list for the same price or even 1 gil lower...no wonder the economies ruined.

People moan if they get under cut by 1 gil; people moan if they get under cut by more than one gil.

I only undercut by more when I want to get rid of crafting stuff when levelling it; there's just not enough space for stuff so undercut it is.

The economy is ruined because in 2.0 the prices were extremely high. Prices are settling at where they should be... deal with it

deal with most stuff on my server going for less than you can npc it is normal is it?

I agree. You put something up for sale and come back half an hour later to see the price has been undercut by 30k (including 2 10k chops). It's just insane... I've always thought that things should be worth the price of their materials plus a little for the time and a little more for HQ. Half the time, it's cheaper just to buy the premade items than to make them yourself. There are still some cheap low level things that give a decent profit, or random valuables like tier 4 materia, but if people are seriously undercutting by 10k a pop for items worth less than 100k (I'm talking HQ vanya and the like), something seems very off. I'm aware vanya isn't as good as many dungeon drops and tomes are getting easier to come by every week but they do sell relatively well if people will just show a little patience rather than chopping off their own nose in the rush for a quick buck.

Anyone selling stuff for less than NPC prices is, um, "unclear on the concept". It wastes their MB slots and anyone can buy it and resell to an NPC for a profit. Pro-tip: The original seller would get more, and instantly, by NPC'ing it... and the NPC price is shown on the item during the process of placing it on the MB(!).

As for other "undercutting", it is kind of "crazy-making" to see someone list their items at less than the currently-listed items. But understand two fundamental principles:
1. The item probably did not cost the player actual gil, so it's seen as 100% profit, no matter what the price. and
2. Many people (like me!) put stuff up at the current listed/sold prices, but come back half a day or a day later to find it unsold and a history of many sales at greatly lower pricing. Now refer to principle #1 above.

Early on in the game, when demand was high and supply was low, crafters & gatherers could get away with charging even 100x what it cost to make, and there would be a buyer. That time is gone, though it will recur at each new content during initial high scarcity. (Just look at Blue Fox Hide and BlueBird Minion pricing for current examples.)

Nothing like seeing someone undercut someone else by 100,000 Gil..... for a single, rare item that would sell at the higher price if you give it just a couple of days, but people are impatient, and this is the generation of instant gratification. They want to see that item become Gil right now, not in 2-3 days.

Then you buy the item that got undercut by a large amount and feel good about your purchase. I just save 30k!

Quote:

---

Originally Posted by Undrentide

deal with most stuff on my server going for less than you can npc it is normal is it?

---

buy and npc it!

Because I want money fast. Try and stop me.

If there aren't many of the items up for sale and somebody undercuts me by a lot I just buy their item and relist it at my price :D

Quote:

---

Originally Posted by Saccharin

People moan if they get under cut by 1 gil; people moan if they get under cut by more than one gil.

I only undercut by more when I want to get rid of crafting stuff when levelling it; there's just not enough space for stuff so undercut it is.

---

Vendor it then - All this does is collapse markets on items. Some people craft for profit, then you have people that just "want to get rid of it" and don't care if they sell it for 200g-30k under the steady price.

I put things up for sale for what I would pay for them. I don't check current prices first, and if I end up undercutting someone by 10k, I couldn't care less. Just part of the game.

Only time I've undercut by a lot of gil was when I found a decent niche, and someone popped up one day and kept undercutting me by good amounts of gil on items that sold pretty quickly. So I crashed it! MWAHAHA

When someone does crazy undercutting I just buy all their crappy listings and resell them at the price I want. Massive undercutting seriously irritates me.

People undercut me by 1 gil or two. Not a big deal. People undercut me by 50 gil or more? Be prepared for me to screw up the market prices D:< IT'S WAR.

Quote:

---

Originally Posted by Eisengrim

Only time I've undercut by a lot of gil was when I found a decent niche, and someone popped up one day and kept undercutting me by good amounts of gil on items that sold pretty quickly. So I crashed it! MWAHAHA

---

I do this on my server too.

Only I undercut niche markets till the regular sellers crash it in the hope that I leave, I buy up all the super cheap stuff, leave them alone then list what I bought off them for 600-1000% markup and make a killing.

then I do it all over again next week.

I should've clarified: I do it mainly on the dye market. >.>

Quote:

---

Originally Posted by Eisengrim

Only time I've undercut by a lot of gil was when I found a decent niche, and someone popped up one day and kept undercutting me by good amounts of gil on items that sold pretty quickly. So I crashed it! MWAHAHA

---

This is pretty much what I do, or try to (I have some really persistent, stubborn goats on my server). Want to play in my market? Undercut me first? I'll be more than happy to take it all the way to the bottom. Undercut me anyways? There goes your profit as well. Buy me out? I'll put up more at the same price. Go find profit elsewhere because there's none for you here.

Quote:

---

Originally Posted by Lyrinn

This is pretty much what I do, or try to (I have some really persistent, stubborn goats on my server). Want to play in my market? Undercut me first? I'll be more than happy to take it all the way to the bottom. Undercut me anyways? There goes your profit as well. Buy me out? I'll put up more at the same price. Go find profit elsewhere because there's none for you here.

---

Yes yes YES!

I love the people that buy out all my stuff and re-list it. Might as well just give me all of your money, because I would rather sell 10 things a day for 200 gil profit than 1 thing a week for 2000.

Maybe this is why I log on to 0/20 retainers everyday while everyone else is constantly crying about crappy markets and the inability to sell anything.

Undercutting is a never ending game. Someone cuts you by 5gil, you adjust your item by 5gil less than theirs, someone comes along and lists for 10gil, you adjust... Soon it's almost not worth selling anything at all because those super low prices become the norm.

Quote:

---

Originally Posted by SIXTYONESIX

I love the people that buy out all my stuff and re-list it. Might as well just give me all of your money, because I would rather sell 10 things a day for 200 gil profit than 1 thing a week for 2000.

Maybe this is why I log on to 0/20 retainers everyday while everyone else is constantly crying about crappy markets and the inability to sell anything.

---

If you do it the right way, you see profits within 24 hours, not a week ;)

I'd be happy if my tome mats can fetch 2k. Lol

Quote:

---

Originally Posted by snowybell

I'd be happy if my tome mats can fetch 2k. Lol

---

Gimme your potash. >.> *reaches across servers*

To sell asap