The way people price items is laughable at best!

[Gillionaire]

If the item is selling good for 90k, why kill the price? If you wait more then 2 seconds your item will sell for 90k as well. And I am just using that as a example, I am not going to say what I buy and resell because everyone would be doing it.

P.S. The moral of the story is have a little patience and profit. Because it doesn't make sense to work twice as hard for the same amount of money!

Oh trust me.. Undercutting is profitable, much more than you think.. Especially with crafted goods where more sold is simply more money, and there's seemingly no shortage of demand, there's no reason to sell one item at 90k when you can sell 10 at 40k and make 4-5 times the profit.

I give you a very long winded thread about the undercutting deal
http://forum.square-enix.com/ffxiv/t...The-next..-%29


While you may be worried about making an extra 10k off of the item, the other person could have stacks of the item just waiting to sell, high level crafters also play the low level item game too usually..

[Blissa]

Oh trust me.. Undercutting is profitable, much more than you think.. Especially with crafted goods where more sold is simply more money, and there's seemingly no shortage of demand, there's no reason to sell one item at 90k when you can sell 10 at 40k and make 4-5 times the profit.

I give you a very long winded thread about the undercutting deal
http://forum.square-enix.com/ffxiv/t...The-next..-%29


While you may be worried about making an extra 10k off of the item, the other person could have stacks of the item just waiting to sell, high level crafters also play the low level item game too usually..

If you consider working twice as hard for the same amount of money, by all means keep undercutting. The sad fact is your going to need twice the amount of material, twice the amount of shards/crystals/clusters. Which means your going to need twice the amount of time for gathering.

[Gillionaire]

If you consider working twice as hard for the same amount of money, by all means keep undercutting. The sad fact is your going to need twice the amount of material, twice the amount of shards/crystals/clusters. Which means your going to need twice the amount of time for gathering.

That's pleb thinking.. I don't gather my own mats, I just buy them on MB and turn profit by seling finished products at 4-5 times the cost of mats.

I just bought 5 million gil worth of shards to stock up, probably gonna use that throughout the next few weeks, maybe the month and I'll make all the money back and then some.

If you wanna bring some numbers into this..

In terms of time spent to create an item, time required to gather the mats is probably a good 80% of the total time, maybe even more for the more complex crafts..
Sounds pretty efficient to me.
Although, you really do need to scale up in order for that to be effective

I may be able to sell 2 per day at 90k and make 60k*2=120k profit, but it's better for me to sell 10 per day at 45k and make 15k*10=150k profit a day.

Yep, and the reality of the numbers are, the mats likely cost less than 30k, when people say "right" price it's usually at 400-500% margin.. So the raw mat cost is likely around 15-20k. Which skews the number more in favor of the latter option.

Also, when those people start buying you out in order to wait for the market to come back up to what they think is "right", you may even sell 20, 30, or 40 of the item because they're creating an extra demand that's not otherwise there. It's almost like having a contracted customer who'll buy your wares no matter the quantity at a set price.. So you can sell as much as you can manufacture.
That's why I love the "savvy" people who try to play the market they make the best customers because they have the money and the confidence to think they can sell it back for profit later.. Problem is, we're competing in the same market to the same customer base.

It's like buying from Costco, then opening a little stall in front of the store to sell it back to the customers walking in to shop. Unless you sell after hours, good luck :P

[Adera]

I have learned that only people that complain about undercutting usually undercut themselves, be it 1 gil or 10k gil. I take my time to study the markets, I keep track of the price of products I sell and everytime I list something, I list it by average selling price from a varying time range. Yes, it might take a while to sell items, even days or weeks but I do get maximum profit this way. Basically undercutting is a minor fluctuation in the market which doesn't affect me or my profits in any way possible.