Extrem undercutting?

[Tanthalus]

You should take a minute to read up the definition of harassment. You do not have an exclusive right to a bare minimum charge of any good on the market board. The prices are set purely by supply and demand. You are feeling grief because you found a niche market to make a quick buck and now someone has decided to bust your game plan. You have two choices at this junction, A) buy up his supply and re enter the goods at your (rediculously inflated) price or B) move on to another commodity.
And sprinkle in a few basic business lessons along the way. Could save you some hurt and embarrassment down the road.

[Conradus]

Hello,
On my server, Zodiark, there seems to be someone who likes to ruin the auctionhouse market by undercutting on prisms extremely hard (e.g. from 13k to 9k) without a reason. What can i do to stop him? Doing what he does counts - in my point of view - as a form of harrassement - desturbing the playing experience of other players.

You can't. It's part of the market. You'll just have to deal with it.

[Niamh_Rillemaugh]

TIL 4k is considered extreme undercutting.

[Maero]

At the same token some people have no life and wait @ a mb all day and actually go out of their way to undercut people, i have heard this happen before.
There are things however that can easily be obtained from players for free for a few minutes of their time and said items are very much overly priced at the market board
Some of you are real jerks in this thread tbh

[Lyzern]

At the same token some people have no life and wait @ a mb all day and actually go out of their way to undercut people, i have heard this happen before.
There are things however that can easily be obtained from players for free for a few minutes of their time and said items are very much overly priced at the market board
Some of you are real jerks in this thread tbh

I go out of my way to undercut people in items I sell, yes. I want them out of my market, and unless they go through the trouble of gathering the mats and crafting everything themselves, they'll never go below me without losing money. So yeah, if I want someone out of my market, I'll do that. People undercut me, that's what I do. Deal with it. I'm sure the OP also undercuts people by 1gil

[GenJoe]

You're a mean bully :P

[Ruddi]

Undercut is so overrated for being a bad thing. If I sell a Darksteel ingot HQ at a price of 40k and I made it for 10k I really don't mind selling it for 39k if another person sell his for 39,99k. Why is that? because the sell i do is easy money and I do it hugely to make millions of profit. People who underbid 1g to sell don't see how less a matter it is in the big picture and they probably end off not selling much at all compared.

[Velox]

In a fair market, a producer will look to make 25-50% of the item's value back as profit. This is including labor (which is harder to quantify given everyone has their own idea about what labor is "worth").

For example, if a prism costs 1000 gil to make (assuming the labor value for the mats is already included), a reasonable price on the market would be 1500 gil. Now I say reasonable due to the variances that occur with competition and scarcity (the supply/demand curve in economics still holds true for base values). But for the most part, anything from 1250 - 2000 would fit into this reasonable range to provide profit. Anything over 2000 gil and you start reaching what we call "price gouging." Now it's a free market where price gouging isn't enforced, however, if someone decides that your 13000 gil prism isn't worth 13000 and puts twenty of them up for sale at 2000 gil, you really don't have the right to complain since he/she still falls within the reasonable "profit" margin. Now if this person was selling them for 500 gil a pop, then that's a different story.

[GenJoe]

Undercut is so overrated for being a bad thing. If I sell a Darksteel ingot HQ at a price of 40k and I made it for 10k I really don't mind selling it for 39k if another person sell his for 39,99k. Why is that? because the sell i do is easy money and I do it hugely to make millions of profit. People who underbid 1g to sell don't see how less a matter it is in the big picture and they probably end off not selling much at all compared.

There's a specific situation for a 1gil undercut, even on an item that costs hundreds of thousands, undercutting by 1 gil has its effects, usually more psychological than economical. But it still works wonders.

[ZephyrZ]

Can't talk about low level markets, but i got tired of seeing all the new 4 star crafters trying to make money in markets i control, so i and other crafters on our server collapsed the 4 star market to the point where making HQ yields a max of 100k profit after tax or even a loss. I don't lose any money doing it, it is just a way for me to ensure that i stay on top and keep others down. We are a group of crafters that like our position of being on top and don't need randoms infringing on our profits just before the expansion that got everything after nerfs. Git gud or git lost.

EDIT: Silly forum limits on posting -.- TL;DR It was a joke, don't get bent out of shape.

I think you confused coordinated croneyism and price fixing by established crafters, to prevent emerging crafters from succeeding in the marketplace as "getting good". Without your network of "colleagues" continually attempting to foil the genuine efforts of others, the emerging crafters would be just as good as you. You are intentionally making the playing ground uneven and in your favor, much like established corporations do to smaller marketplaces IRL. I.E. Walmart.


To each their own, however.

That was a joke, there is no collaboration of crafters, at least not on my server. We're always competing with each other with no cooperation in mind lol. But from a serious point of view, why should i let someone who is desperate for profits infringe on mine? Not just desperate but they got everything post nerfs, plz. Back on point, it's more of come in and match my price and i have no issue, i see you undercut me by 1 gil. I'll start undercutting by 100k each time. Buy me out, i'll make 3 more and list em at the same price, repeat.

Now THAT is harassment.

Within the rules of the game, but yah. Shadowy cabals controlling the marketboard is about as dickish as it gets.

It was a joke but even if it were true it would be within the rules of the game, undercutting someone isn't an offense. You would have to prove actual intent and you can't do that with undercutting which is why i thought the OP calling it "harassment" was too jokes. Also, remove the curse word from your post or risk getting pema banned, people have been for a lot less.

lol that's so mean but understandable.. right before an expansion, so many people trying to get in the crafting game to grab a slice of the pie once expansion hits.. It's time to go on lock down.

No planned conspiracy lol, it kind of just happened on my server. I don't know if it happened on others as well. Too many people tried to get in on the pie, a lot of them produce nothing but nq ugh. Here is what happened to the Wootz market as an example. For about a month, one person was buying all of the wootz ore and allagan wootz ore at 2k and 20k a piece; the armors and weapons were at 2.5 and 3.5 respectively. I never crafted wootz even though it had around a 1.5 to 2mil profit per craft, too much to do, too little time. Back to the point, so many randoms entered the market that the guy dried up the supply of mats, didn't matter if it came out at 100k now for the allagan wootz ore; he still bought it. Not only that but he made 5 of each wootz piece and listed it at 1.5mil instead of the 2.5, as time passed. he dropped that even further down to 800k. Wootz gear is now stable at 800k and has been for the last month, on the other hand, allagan wootz ore alone sells for 100k. Giving a less than 100k profit or even a potential loss even on hq crafts. I find it understandable as well and don't really see an issue with it, people need to learn how to think strategically, too many ppl have no idea what they are doing and just run a rotation they found online hoping it "works".