What is your ACTUAL reasoning for undercutting?

[zylo1010]

Undercutting by 1 gil on lower priced items makes sense. On something perhaps worth 5 million for example I'll undercut by 10 or 100 gil to differentiate it from the previous product (even though 10 - 100 gil makes no difference at that point) just to get bumped up to the top of the market board.

If someone undercuts me by an extreme amount e.g. dropping price from 5 million down to 1 million I'll buy them out unless the price is slightly higher than I would be comfortable buying out in which case I let them sell at under value and keep my item at the original price.

I've been trying to do just that. But that one listing massively undercutting the price becomes 2 listings which becomes more and the price bombs on the item.
I mean undercutting is one thing. But when you bomb an items price by thousands upon thousands, it kinda hurts.

[TimeraiderGaranyi]

Undercutting to sell faster. As easy as that....

[DawnSolaria]

Everytime someone undercuts me by 1 gil, i drop my listing by 50%. Not here to play your stupid fucking game.

[DanteKardo]

Eh, I make a difference between undercutting and advertising.

Alot of the folk that 'undercut' you by 1 or 2 gil aren't really undercutting. They want to sell for the same value, what they're actually just doing is taking your 'advertising' space from you by gaming the board and ensuring their 'product' is on top of the 'cheapest' register.

That's all it is.

Actually 'undercutting' (Aka dropping the price by 10 percent onwards) is something I don't do, because it's stupid. You're killing your own profits, that's all there is to it. Yours, and whoever else wants to sell his stuff. All that accomplishes is that people can buy cheap, and that you lose revenue because of it.

[Delis]

I do it because I think most things are very over priced. I normally keep all my crafters and gathers maxed and I see very little reason for gil (for me at least) if I want/need something I can craft it or gather it. If it is a dungeon drop I will just grab some fc members and go farm for a bit. Already have a house as well so really I have no need for gil so I don't mind if I sell something really cheap, as long as someone can use it.

[Alistaire]

Everytime someone undercuts me by 1 gil, i drop my listing by 50%. Not here to play your stupid fucking game.

Ooh, you sound like someone I could make money off of.

[Lium]

Actually 'undercutting' (Aka dropping the price by 10 percent onwards) is something I don't do, because it's stupid. You're killing your own profits, that's all there is to it. Yours, and whoever else wants to sell his stuff. All that accomplishes is that people can buy cheap, and that you lose revenue because of it.

And this is exactly why I undercut. The prices on my server are just getting way too high. The second most important thing I can do in this game, other than saving the First from annihilation, is driving prices on the market board down.

[IzzyData]

Because gil is mostly worthless to me so I don't care how much I receive for whatever I am selling within reason.

[DawnSolaria]

Ooh, you sound like someone I could make money off of.

Go right ahead. I unfortunately don't have time to camp retainer 14 hours a day. As long as stuff move out of my inventory and I get some girl back I don't give two shits

[Losara]

I've been trying to do just that. But that one listing massively undercutting the price becomes 2 listings which becomes more and the price bombs on the item.
I mean undercutting is one thing. But when you bomb an items price by thousands upon thousands, it kinda hurts.

When the one listing becomes 2 listings and then becomes even more than that you need to leave the market and re-enter it when conditions improve. If conditions don't improve it means that the item value has been ruined by over-supply and you're better off looking for other items in demand that haven't got a large amount of supply.

Players tend to get comfortable selling certain items because they have a stockpile of the mats to create them but sometimes its better to either store those mats away for later use or sell them off and try other items to sell. E.g. Player A lists Item A for 200k originally then price starts dropping towards 100k after Players B, C & D enter the market and start an undercutting war with each other dropping price by 1k each time. Due to the fact that supply > demand (sometimes due to just wanting to offload the items being sold) these players will keep dropping the value until they can sell their item and leave the market at that point.

By this point Players E, F and G have entered the market and are now listing their items at the new lower price of 100k which will almost always tend downwards further until someone starts buying out all the left over stock. At this point the item value is ruined until all of these new players decide the value of the item isn't high enough for them to sell at in which case they tend to leave the market and it will become empty again meaning demand > supply and then original player can re-list their item for 200k again.