Please Undercut Wisely

[JagerForrester]

And for those people who think "I farmed all the materials myself, so I make a profit no matter what I sell it for," do yourself a favor and study up on the concept of opportunity costs.

I doubt anyone would take the time to learn economics for a video game. Even if you taught them, majority of them won't listen.

[amnie]

cted..

undercutting is fine.. its how you make a sale.. undercutting by 100s at a time is ridiculous

again, basic laws of economics tell you it's absolutely not 'ridiculous'. the people who do that often do it for a reason.
sure, some are just 'stupid' and want to get rid of their stuff quickly, but you can usually tell if someone's plan is something entirely different. think about it for a while and you may actually get it, too

you have no choice but to either destroy their plans - or just not play their game and wait until the price rises again. (which may or may not happen)

a lot of people use MMO markets for their own kind of game and literally do nothing else. when I was still in business school one of my coursemates actually did a paper on this very thing and how there's an entire 'culture' of this in EvE for example.

[Hiraki]

I'm getting real sick of people undercutting NQ items with HQ items. How hard is it to price things normally?

[Kailea_Nagisa]

I'm getting real sick of people undercutting NQ items with HQ items. How hard is it to price things normally?

ah, but the real question is...... what is normal? ^.^

[Moirear]

I see an awful lot of: item vendors for 6g@ and it's in the AH for 1g@. Honestly, why would somebody do that? And there will sometimes be 15-20 vendors in the list with the item in large multiple quantities and all that low. It really baffles me. If I was needing to get rid of items (to unclutter the bags or whatever), I'd vendor the dang stuff rather than lose money in the AH on it. I've decided maybe it's because there are some really stupid people out there.

Fixed that for you!

I mean, I'm kinda happy there are so many suckers since it's like taking free gil from people giving it away, but they're definitely not being smart.

[Hiraki]

ah, but the real question is...... what is normal? ^.^

This is true lol but yea if HQ is 750 and NQ is 500 why in the world would someone put HQ for 499 ._.

[Inquisitor]

This is true lol but yea if HQ is 750 and NQ is 500 why in the world would someone put HQ for 499 ._.

Step 1: Undercut NQ items with HQ items.
Step 2: ???
Step 3: Profit!

[Obysuca]

Yea, everyone was selling this item fro 2500, and I went and undercut it to 2480, then 2 hours later, bam, everyone was selling at 2k


I was like WTF


I don't know why people want to sabotage their profit margin that badly

That's why I gave up trying to craft to sell stuff :/ It was actually costing me gil to make things that usually sold for a decent amount. A few weeks ago there was an item (forgot which) selling for 19k, so I put mine up for 18,990. Within half an hour it was down to 10k, thing is, the next price above that was 12k, nothing in between that and mine -.-

[NefGP]

Same problem that always happens - morons flood the market looking for a fast buck with little care to the overall health of the economy.

Unfortunately you can't fix stupid.

[Dragon_Lord]

Yet another thread on undercutting. I'm sorry but undercutting is just another term for "The world revolves around me and I set the market prices for everyone", LoL. Welcome to the real world. People have been selling their wares in MMO, and real life, for lower prices than the competition.

I have seen many items selling for example around 2000G, I would go to a vendor and find it for less than half. ROFLMAO. Really?!! Come on, go get a feel for the market in all its facets. If I saw the above discrepancy in prices so have many other people, and they are not going to buy from you. This is smart economics for the seller part and the buyer.

Supply and Demand rules, and smart competition, is what drives any economy. If you are buying the materials to make your items, then you are crazy. I gather all my stuff, and barely buy anything from vendors; all profit. Play the economy mini-game smart, and whining is not going to get you anything; just like in the real world.