Please Undercut Wisely

[Mitski]

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.

If you believe economics is that simple, you're not nearly as smart as you think you are.

[Lurkios]

So while you think you are being smart by dropping the price by 100 for a quick sale, you are actually dragging the average price of the item down and its really bloody irritating..

It's amazing how much affect one single person can have on the market. A few hours of farming and I can drop the prices of various items by thousands of gil, turn around and buy a bunch more at the reduced price and use it to level my crafting.

[CrystalRainbow]

People that don't understand a supply and demand market.

When the game started Supply was very limited, As people where only level DoW DoM,
3-4 months in People are leveling other things.

Supply goes up big time.

people find out crafted items basically pointless demand isn't there. Prices will crash.

Smart people get any gil they can because the prices are going down.

[Kogara]

I'm 'that' guy I guess...

See, I farm just about everything I sell so everything is profit.
My inventory fills up faster than I can sell everything, so I am going to undercut a fair amount to where I still feel like I'm making a pretty good profit.
If I'm not undercutting then I'm not making any profit, and my items just sit in my inventory.

This is a free market, supply and demand, etc... That's just the way it is, I'm sorry.


(:

[Nura]

On My Server I am currently Selling Mithril Ingot HQ *950 of thoes for 500 just because I can Hate me for it xd

[OldGeezer]

I'm sorry - a profit is not ridiculous, nor does it require you, for example to undercut my 4.5k item to 1.7k because you find it "ridiculous." As I said in another topic, SE should auto ban people who purposefully undercut items into oblivion.

Or they should banish people like you who are gouging people. It works both ways. A fair price-and profit-is determined by the player base, not the seller. Do I undercut, yes. Why, because I want to free up selling slots and make space for the new stuff I craft. Do I care about the profit, no. Why? Because I don't flip materials I make stuff from scratch. As long as I make more than selling to an NPC, which is 95% of the time, I'm good. I've more than doubled the money I had from version 1.0 in crafting alone, and I'm only in the 30's. There is plenty of profit to be had and it really doesn't take that much effort.

[Spy]

Actually, I see the market wards working as intended ;p

When FFXIV first released, everything (that I wanted to sell) was dirt cheap. So I didn't sell it. I waited. For example, I wanted to see if selling some of my 4k+ shards would be worth it. It wasnt at first...shards were selling for 1 gil each. So I held onto them...now they're up to between 60-100+ gil each, and I made a much better profit. (Of course I didnt sell them all as I plan to use some of them for my crafting jobs later) Because I knew eventually, people would run out of the shards they had from 1.x and they would have to be farmed, making supply a bit harder.

As for undercutting...for the most part, I usually dont do it depending on how many of the items are up, and how fast they sell. If it's a hard sale, then yeah, I'll undercut...but not by much. If the item is up for 1,235 gil, it drives me crazy, I like nice, even numbers, so I'll sell for 1,200 gil. (I'm ocd) Or, if the item is worthless for a few items, I buy those and resell them for what they're really worth.

It all comes down to supply and demand. Remember this is a videogame, not reality....so supplies can be made more easily by people. Once that supply is depleted, depending on the demand, the price will rise again. Just be patient. Like I was with my shards. After all, this is a new economy from 1.0...even on Legacy servers (which is what I play on), so it'll take a while for the prices to stabilize a bit more....but there will always be undercutting and price changes. It is a public market after all.

[Arriverderci]

The life as a Salesmen is but a hard one. It's interesting to see how things play here.
Never really been into the Marketing business in games.
Shit's tough but pretty fun trying to sale things before someone tries to undercut you
to living hell. I just make random ass numbers.
Someone selling for 1k.
I sell for 987g and that get's sold big time. I'm usually fair with prices in this other game
but no! I must make cash in this game. It's kinda hard but fun.

[Valamyr]

While market prices seems quite volatile in this game, complaining about gouging or undercutting is quite silly. Thats the nature of the beast, and what ultimately is supposed to result into some sort of market equilibrium by eliminating extremes.

[Tupsi]

Or they should banish people like you who are gouging people.

I don't recall gouging anyone, unless in your definition of gouging = anything over 200g. Let's use an example of what I've been making:

Sauteed Coeurl -

1x Fire Cluster - 308g single
1x Water Cluster - 310g single
1x Garlean Garlic - 5g per single
1x Smooth Butter - 8g (x2 milk)
1x Coeurl Meat - 140g per single
1x Cooking Sherry - 2,000g single
1x Volcanic Rock Salt - 320g nq single, 450g HQ

That's if I buy all the mats, which totals at present times, 3,091 cost, I sell for 4,100 singles or in sets of 5 for 20,500. So in reality, I'm actually barely making a profit as I don't gouge people, if I buy everything instead of farming it myself I made a 3 -4k profit depending on market, but the nice thing is, since many barely can do 1-2star stuff, those markets tends to be stable.

I've more than doubled the money I had from version 1.0 in crafting alone

Let's be honest, given that they chopped off a digit it's not that hard since your gil is worth less (or more depending on how you look at it.)