UNDERCUTTING....

[Skies]

Uhn... I'm slowly working on my crafting
Also, I will admit: I undercut because I sincerely believe that everyone should put stuff for sale for minimum token prices so that anyone ever can buy whatever they want with maximum ease! I sincerely expect to never make the tinyest bit of profit in my entire life playing XIV!
I know, it's weird, and I expect myself to be the only one out there that does that sort of crazy stuff, but it's a deep belief of mine. (if you're ever 'round my server, do look for my retainers everywhere but Ul'Dah, ingredients for sale for just 100! If I get gear to sell it's usually about 2k, no prices above that!)

[Fear]

Even if it was a "free market" kind of funny how tier IV materia always hover around the 100-500k mark, I mean if it's a 'free market" why aren't people selling it for much lower than 100k? Obvious people know the worth of items, which is why undercutting is ridiculous when they do it by wide margins.

There's quite the difference between undercutting a mere 1k to try to sell more and undercutting by damn near 80% lol.

Supply & Demand come into play here, if the demand is fairly low people will drop there price hugely to sell there stuff instead of waiting for days and if the supply is high people will undercut for the same reason.

[Themule]

i'm going to bail on my own thread now...some of you get it, others don't. high five.

[DoomCky]

What gets me the most is when undercutting drives the price of stuff down so far it becomes so low that its not worth the time to garther or craft it. I do feel that mainly casue many of the ppl crafting and prob garthing are botting... and dont understand why SE dont just do something about them and all the RMT(thats for a dif thread though ).

[DoomCky]

i'm going to bail on my own thread now...some of you get it, others don't. high five.

Take care think im out too i got my points across. + i got better stuff to do then post on fourms all day.

[Fear]

What gets me the most is when undercutting drives the price of stuff down so far it becomes so low that its not worth the time to garther or craft it. I do feel that mainly casue many of the ppl crafting and prob garthing are botting... and dont understand why SE dont just do something about them and all the RMT(thats for a dif thread though ).

Some people do this to scare away competition or to lower prices so low they can buyup stock then raise the price, resell and make huge profits.

[Victor]

Me>> 5mil
Them>> 4.95mil
Me>>4.9mil
Them>>4.85mil
Me>>2mil ^^

[Raikki]

Me>> 5mil
Them>> 4.95mil
Me>>4.9mil
Them>>4.85mil
Me>>2mil ^^

If they're smart, they'll buy yours for 2mil and sell both their original one and yours for 5 mil each.

[Victor]

If they're smart, they'll buy yours for 2mil and sell both their original one and yours for 5 mil each.

Usually the plan, items lose their value faster than that in this game

[Orophin]

Really, as long as I'm making a decent percentage over the material investment for craftables and NPC value for gatherables, I'm ok with that. I'll undercut people if they keep undercutting me to the point where it's not worth it anymore and then I'll just sit on the stuff until it stabilizes.

Like others, I tend to list my items at the current low price, or if none are on sale, close to the last price that it sold for, marked up a little bit. I took advantage of Intelligence potions for the BLM burn parties and made enough money to cover the investment of materials off my initial sales. Then some guy kept undercutting me. My price dropped gradually from 25k to 10k per potion (which was already high since they were only hi-potions) since I was willing to keep going lower since my initial investment was already recovered.