Market Boards need to work like FFXI AH

[ApolloGenX]

Sure they do... I know that when I sell potash I sell it at the same amount each time, even though some people might be selling it lower... it sells in time.

I don't think we are capable of saying the "only" reason anyone does anything - because we lack the scope and insight to make such a statement with confidence.

[Kazamoto]

In the spirit of comrodary, I will agree with your second statement.

Currently, the only logic sellers use when putting items on the market is: See current price of items for sale, undercut by 1-10,000g. Except for the statistically insignificant amount of times someone actually pays attention to what market is doing.

Better?

(>^.^)> <(^.^<) (v~.~v)

[ApolloGenX]

In the spirit of comrodary, I will agree with your second statement.

Currently, the only logic sellers use when putting items on the market is: See current price of items for sale, undercut by 1-10,000g. Except for the statistically insignificant amount of times someone actually pays attention to what market is doing.

Better?
(>^.^)> <(^.^<) (v~.~v)

Well.. I was pointing out how in some cases... a per unit difference is large enough to warrant consideration of waiting. In other cases, where volume will make up the profit, there's no reason not to undercut to move inventory.

[Altismar]

biggest problem i see is with the exception of 2 crafts everything crafted can be bought from vendors (have not seen higher lvl food or potions for sale anywhere yet(course i have yet to see any point were potions are of any use)). materials only lower lvl are vendor sold. solution make vendor sold items inferior to crafted items ( non sellable non convertiable or just lower stats). perhaps raising vendor sell price to 25-50% like most games instead of this .25-1% they are at now(% rate is just a rough guess though i dont think it is to far from right)

[Irenae]

No, actually I think of that as something to avoid! FFXI AH was ridiculous, anything you had to sell was not going to bring in money while what you needed cost a lot of money and caused a lot of people to buy gil. Also you think botting is bad in this game, it was on steroids in comparison in FFXI with people of a high level botting the things that sold for a lot while people without levels trying to level up had almost no money. Quite literally FFXI AH is what caused a lot of people to buy gil with it's failed system of not letting new people in and only rewarding the well established.

[zdubbs]

So if you had an item up for sale for 5k, and there was 4 others up for 4.5k, and lets say there are 4 buyers. Your item isn't going to sell, is this terrible and an outrage? Same example but lets say they are selling theirs for 1k a piece instead of 4.5k, whats changed? They made a smaller profit and that's all! Did they mysteriously make the item worth 1k now instead of 5k? No not at all, they won't be back selling those items for that price again(if it indeed is at a major loss) and the market will be yours again. Now lets assume they do come back and sell more for 1k, totally at a loss! I'd suggest moving to a different item for the time being, they'll be out of gil soon most likely.

I don't know what else to say on this topic, if someone is willing to take a loss for an item, so be it. There are usually enough buyers out there that the price will come back within a few days or just hours depending on the demand of the item.

[Kinseykinz]

I just about cried earlier when I saw HQ lanolin dropped from 8k to 1000...

-_-' damn undercutters.

...except come on, it was never worth 8K per HQ Lanolin in the first place....

Undercutting, usually means people force prices to be below the items actual value.

This is a simple item to craft, and very easy to HQ. On my server you can get K. Skins for cheap...so the only cost are the shards, which are also easy to get. Furthermore, this isn't a super-high demand crafting supply as it is only currently used for 3 different synths.

So your prices weren't 'undercut'. 1000K is in all honestly, the actual value of a HQ Lanolin, considering the raw mat costs+time/effort/skill involved. 1K still = over 3x the mats cost to make said item on my server last I checked...and most people in your FC will hand you the skins if you ask (they were farming the K. SHeep for fleece not skins)


ON TOPIC:

The markets are fine as is: If people want to undercut items, to the point they are worth less than the mats used to make them, that is their own stupidity. Be smarter than them.

If an item is selling at a loss:
1. You could buy it at a loss, and gamble that it'll increase in price, sell it when it's 'worth more' (play the markets)
2. You could sell the mats that are worth more collectively than the crafted item
3. You could craft something else...don't be the 20th idiot to list rosewood lumber for 19gil a piece (seriously people, one shard is worth about 19 gil...)
4. When YOU sell/craft you could limit how many of the same item/stacks of items you personally place up at one time. SO even if you grind out 10 stacks of ingots, do you really need to sell them all at the same time? Sell 1-3 stacks, and keep replacing them as they sell. This might not help you make money fast, but the reason prices are plummetting is that the supply outweighs the demand....so don't over-supply. You can't control what other people do, but you can keep from adding to the problem.

[ApolloGenX]

More crying because people are trying to overcharge for easy to make items, so people make their own and sell them at lower prices.

Not sure why people don't understand that people see sellers ripping people off and decide to make their own and undercut them, because they are tired of getting ripped off and can produce their own goods and sell them cheaper- making money and undercutting the gougers.

It's not a market problem... it's the market not tolerating rip offs.

[Wazabi]

This stems from ppl who claims/thinks they understand the market but in reality has no bearing on how the market, or even a business works, and wants to change the mechanics to a way that they think they understand, and then think they will be able to make a profit from it.

[Leon_Stormrage]

The markets should stay like they are now. They work perfectly fine is something that happens is all the economy so is fine that the people that will sell in the markets deal with this.
Also most of the times that one item is undercuted is because the price was inflated and there the only person receiving a huge profit is the seller.