Undercutting

[Lyrinn]

Threads like this really make want to see how the FFXIV community would fare in the stock market, where prices can drastically change in a short time frame. If people are popping veins at this, I can only imagine how that would go.

[RichardButte]

This makes zero sense at all. Because someone undercuts they have less money? The amount of gil in circulation doesnt change, it just gets spent on different things. I undercut all the time and I have plenty of gil. That is like saying walmart doesn't make any money because they are selling everything for 80% of what they could sell it for. I'd rather sell 2 at 80% then 1 at 100%. I don't care if my margins are less if I am selling much faster.

Congratulations: you're an exception and not a rule.

He's right: all of the people complaining about how broke they are are very likely the same people who don't have the patience to wait for things to sell for what they're ACTUALLY worth.

And sure, the gil supply remains constant, it's just that none of those people HAVE it. :P

[CYoung187]

Congratulations: you're an exception and not a rule.

He's right: all of the people complaining about how broke they are are very likely the same people who don't have the patience to wait for things to sell for what they're ACTUALLY worth.

And sure, the gil supply remains constant, it's just that none of those people HAVE it. :P

Broke and those complaining about housing prices are much different things. If someone is broke it's because they are probably not even trying. People can be fools on the market board for many reasons. Some because they overprice everything, some because they underprice. They simply cannot read the market value of an item correctly. Saying undercutting is making people broke is a complete over-exaggeration. How many people really complain they are broke, I don't think I have ever heard that complaint? Gil rains from trees.

[Tizzy_Tormentor]

I undercut all the time, sometimes you need a quick buck, beat out competitors, so you settle for a cheaper price in order to increase the chance of a sale. Sometimes I just want crap out of my inventory so I sell it extremely cheap (did this a lot while scrounging up for a house with my friends)

I have watched bits of furniture like a hawk and have saved a lot of gil by people undercutting prices, so its not all bad.

[DefendPopPunk]

That is like saying walmart doesn't make any money because they are selling everything for 80% of what they could sell it for. I'd rather sell 2 at 80% then 1 at 100%. I don't care if my margins are less if I am selling much faster.

Umm...no. First of all, I wasn't talking about someone undercutting by 20%, I was talking about a larger amount than that. Like others said in this thread, there's a better way to go about undercutting that doesn't completely destroy the prices. Yeah, no one can tell you what price you can sell your items at, sure, but we can all still look at it with eyebrows raised. Second, that analogy fails. I'm sure the CEO at Wal-Mart doesn't just go "HMMM what's the other guy selling it for? 10 dollars? Alright, let's sell ours for 2 dollars." There's way more to it than that. If he told that to their shareholders I'm pretty sure that guy wouldn't have a job anymore. And that's not even taking into account those people that undercut prices at a loss compared to if they had just vendored the things. smh

[Squa11_Leonhart]

Because someone undercuts they have less money?

If the mats are hard to get and they get less profit, obviously they get less money.

[Squa11_Leonhart]

Threads like this really make want to see how the FFXIV community would fare in the stock market, where prices can drastically change in a short time frame. If people are popping veins at this, I can only imagine how that would go.

Don't compare stock to commodity, two very different markets.

[CYoung187]

Umm...no. First of all, I wasn't talking about someone undercutting by 20%, I was talking about a larger amount than that. Like others said in this thread, there's a better way to go about undercutting that doesn't completely destroy the prices. Yeah, no one can tell you what price you can sell your items at, sure, but we can all still look at it with /snip

A person making a huge undercut that gets bought does not completely destroy the prices. One outlier does not make a trend unless the other sellers make it so. If someone prices something that low his competition should be purchasing his product immediately. Instead of getting mad at the fool take it as a opportunity.

Does anyone even care about those who sell things for less then vendor? If something is selling stuff for that cheap it is the items that nobody wants. That effects nobody. Just saying this is a very overblown "problem"

[MilesSaintboroguh]

There should be more undercutting. That way I don't have to spend a lot!

[jomoru]

This thread is new and unique! I have never seen it before and am glad it was brought up!