How do you react to being undercut?

[Selah]

I undercut till it sells.

Indeed.

Setting the price is a mental balancing act between "What's a fair price?", "How quickly will it sell?" and "How much can I get?" If I see a lot of an item that I can manufacture for 50 gil for sale at 5,000, I post one of mine for maybe 1,500 gil, get a quick sale, and use the profits to buy up more materials.

I also like to do what an earlier poster described as profiting from the laziness or inertia of others. For instance, one of the Fishing quests requires Rat Tails, but they aren't for sale everywhere. You have to go to certain towns to get them. So I buy up a stack of 99 Rat Tails for 4 gil each, and resell them for 10 or 15 gil each. Not a huge amount of cash, but it's a simple transaction, the turnaround is fast, and if I'm in the area anyway I might as well buy up exclusive local goods and re-sell them.

[Xystic]

Indeed.

Setting the price is a mental balancing act between "What's a fair price?", "How quickly will it sell?" and "How much can I get?" If I see a lot of an item that I can manufacture for 50 gil for sale at 5,000, I post one of mine for maybe 1,500 gil, get a quick sale, and use the profits to buy up more materials.

I also like to do what an earlier poster described as profiting from the laziness or inertia of others. For instance, one of the Fishing quests requires Rat Tails, but they aren't for sale everywhere. You have to go to certain towns to get them. So I buy up a stack of 99 Rat Tails for 4 gil each, and resell them for 10 or 15 gil each. Not a huge amount of cash, but it's a simple transaction, the turnaround is fast, and if I'm in the area anyway I might as well buy up exclusive local goods and re-sell them.

Goby balls are also another

[Wazabi]

Indeed.

Setting the price is a mental balancing act between "What's a fair price?", "How quickly will it sell?" and "How much can I get?" If I see a lot of an item that I can manufacture for 50 gil for sale at 5,000, I post one of mine for maybe 1,500 gil, get a quick sale, and use the profits to buy up more materials.

I also like to do what an earlier poster described as profiting from the laziness or inertia of others. For instance, one of the Fishing quests requires Rat Tails, but they aren't for sale everywhere. You have to go to certain towns to get them. So I buy up a stack of 99 Rat Tails for 4 gil each, and resell them for 10 or 15 gil each. Not a huge amount of cash, but it's a simple transaction, the turnaround is fast, and if I'm in the area anyway I might as well buy up exclusive local goods and re-sell them.

I came from Malboro, and it is way easier to sell things at a high markup there than in Tonbery. Many things here in Tonbery sells at breakeven, and the higher level and star item sells at a small margin (10k for a piece of 1-star gear). The 2-star though, still goes for 350k+.

What I would like to point out from this exampls is that number of crafter/gatherer players and how active they are will determine the supply, thus the price. Undercutting amount can be quite at Malboro...and that's because the price was too high to begin with, and people have a lot of room to undercut. In Tonbery however, undercutting happens at smaller amount, and there are more players breaking bulk. It's just all part of the market.

As for how I react to this new environment, I starting buying more. Bought my full set of 1-star crafting gear for my two DoH class. Would had taken me way longer to craft it on my own.

[Wazabi]

not really if it means mine sells and yours don't....

[El_Brujo]

you can't compete with someone who gather his owns mats period.

[Xystic]

you can't compete with someone who gather his owns mats period.

Very true. They pretty much can make a profit as long as it sells for more then 1 gil.

[Kieren-Dohla]

True to a point. I'm a level 50 miner and a level 37 botanist. Selling raw material that are worth less than 20 gil isn't worth my time. In fact even if it's worth somewhat more than that I have to consider how much time do I want to spend mining for myself, selling raw materials on the market to others, etc. Sometimes if I use the raw materials to synth HQ intermediate materials I can get a much better profit. But I still had to spend the time gathering the materials.

Also for things like goat skins, raptor skins, etc. You have to go out and kill them. That takes time to. Some days it seems like they drop a lot of skins and other times they drop junk like aldgoat chuck. The market for the chuck is so saturated, even for HQ chuck that I just discard it. lol

[Shyen]

Very true. They pretty much can make a profit as long as it sells for more then 1 gil.

it holds true, as long as top gear is untradeable. the day high level drops will flood the market, raiding time will become more valuable

[mgonz711]

It doesn't bother me at all, I actually like to market boards alot. If I can I usually drop my prices 10% lower than the current lowest price. Its basic business. If it goes for super low, buy it up and dominate the market with a sensible price. or sell in bulk at a noticable price. if one item is going for 1000, sell 10 for 700. you still make decent money.

[Raagnar]

you can't compete with someone who gather his owns mats period.

And this is why I can undercut as much as I like and not be bothered by it. It's all profit anyway. For ppl who get mad at ones undercutting by more then 1 gil, stop calling the kettle black, its just as bad if not worse. You are flipping off the person you undercut by 1 gil and the buyer doesnt give a shit if hes saving 1 gil, but he would appreciate 5k. My drastically underpriced item will disapear quick and ppl will resume normal price while you guys can drive it down by 1 gil til its worthless.