Extreme Market Board Undercutting is a Problem. Who ultimately benefits from this?

[Youkulm]

Dont forget some item are just overpriced

This 100%. If there is that many on the board again and again at a lower price then it's not worth as much as you think it is.

And to OP:



Oh boy another undercutting thread my favorite! I undercut all the time, I just want my stuff to sell fast ( and this is the case for most players that do undercut ).

I don't care if my profit margin isn't huge, I'm still rolling in gillions. If someone wants to buy my cheaper items to try to relist, that's fine with me... I'm just going to keep listing more. I only craft and gather in game, I don't raid so I have time.

[Mendalas]

Obviously the consumer benefits. It's called a buyer's market. This happens when supply exceeds demand. Economics 101

[DynnDiablos]

This 100%. If there is that many on the board again and again at a lower price then it's not worth as much as you think it is.

And to OP:



Oh boy another undercutting thread my favorite! I undercut all the time, I just want my stuff to sell fast ( and this is the case for most players that do undercut ).

I don't care if my profit margin isn't huge, I'm still rolling in gillions. If someone wants to buy my cheaper items to try to relist, that's fine with me... I'm just going to keep listing more. I only craft and gather in game, I don't raid so I have time.

I respect your honesty, I don't respect your practices. I will continue to make a higher profit by taking over the MB listing for the item you sell for 100 gil, while I sell it for $2,000 (which I do, daily).

[Mendalas]

This Gif is hilarious and relevant considering Zombieland 2 just came out. Have you seen it yet?

[MPK]

The consumer of course. I for one welcome the under cutters.

[Alucard135]

I welcome it as both a buyer and a seller. You list something at a very low price? I'll buy and resell.

[DynnDiablos]

I welcome it as both a buyer and a seller. You list something at a very low price? I'll buy and resell.

I mean, true. This is what I have been doing with great success, but it is irritating that I have to do it because people would rather tank valuable items just to make a quick 100 Gil.

[DynnDiablos]

The consumer of course. I for one welcome the under cutters.

It's time to make it a seller's market and not a buyer's market and I will do everything I can to reverse this trend, even if it means buying up everything and reselling it at 400% inflation.

[Raldo]

Complaining about people undercutting. Then the same person proclaiming that they'll happily buy the undercut items and sell them for a higher price.

Sounds like a win-win to me. The people who want their shit sold faster get their shit sold faster. The person who is willing to put the time and effort to keep their eye on the market skims a bit more off the top.

You're either mad about undercutting, or you're happy to be making money off of it. I'm not really sure how you can be both. To address your thread title of "Who ultimately benefits from this?" Well, you I suppose, if you're making money off of buying and reselling.

[LineageRazor]

If supply exceeds demand, and you're selling high, the undercutters will sell first, and will justifiably set the new price. Learn to read the market and adjust; if there's too much of a product, the price is obviously going to go down. What you THINK it's worth, or what you WANT it to be worth is totally irrelevant. You can TRY to buy out the low-cost stock and sell high, but this will only work for as long as you're actively patrolling the marketboards. Which can, indeed, result in decent profits, if that's your idea of fun.

If demand exceeds supply, and you're selling high, the undercutters will sell out fast AND your stuff will sell, no matter what price you set it at. In fact, you might want to bump your price up a bit. Undercutters can TRY to bend the prices, but they will fail - they simply don't have enough product. If they succeed, then this is not a demand-exceeds-supply case (they DO have enough product, so there's no shortage of supply), so see above.

Complaining about undercutters is always foolish. Either they are reading the market better than you are, meaning you should adjust to match them, or you're reading the market better than they are, in which case their actions make no lasting difference at all.