How do you react to being undercut?

[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.

[Sanct]

Generally speaking I will just undercut back all the way to the point where I'm doing nothing more than breaking even.

In markets that I feel are mine I will undercut to the point that we are both losing money and will continue to do so til you concede defeat and bow out of even trying anymore.

This has worked for me so far although I pretty sure half the crafters on the server hate me. I've had a couple of tells asking me to stop selling things so low.

You can /tell retainers now?

[Rrylia]

You can /tell retainers now?

I don't think it's that - but for many items the name of the crafter is listed at the bottom of the item, so it's pretty obvious who owns the retainer(s). Also worth noting if you are trying to manipulate the markets (tut tut) because you will appear as the main buyer and as the crafter of all those overpriced items. You can however recycle the items (trade) to get rid of that.

[Kieren-Dohla]

But I undercut fairly often. It's because I find I'm often getting undercut by a mass of 1 gil less sellers. So I drop the price by 5, 10 or 50 gil depending on if I can still make a profit. If the market for the stuff in question gets saturated and the profit I can make is too low, I just pull it from the market for a while.

Also, I quit bothering trying to sell items that sell for less than 10 gil all the time. Even if the items are things that I got for free (drops, etc). Items like that don't move because everyone is trying to get rid of them. So I just discard them.

Working the market is an art. Sometimes you have to move to new areas of it for a while. When I undercut I'm just trying to get something to me quickly and also test the demand. If the demand is high it will sell fast and I'll know I can price it higher.

Just my thoughts...

[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

[Alexander_Dragonfang]

Since flipping is almost impossible unless serius, serius undercutting.
Like yesterday someone selling HQ oak longbow at 2k while average price is 8K-

I have begin to do undercutting. I normally undercut for 100 or 200, and i have a floor of 5k per HQ item, if anyone is doing less, i stop, by either leaving the item there, or taking it out of the market.
Since i have a botanist 50 and i sell mostly carpenter HQ items, most of the main materials are free to me so im always making profit, but i also need that the products move, maybe im overproducing too much.

[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.

[flamds1]

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.

Anytime I see someone undercutting by 1 gil, it just makes me laugh. Im pretty sure that one gil isn't going to sway someones decision on a 5k item. I often buy the next higer priced item just out of principle. If you're going to undercut... undercut otherwise don't waste my time.

[ApolloGenX]

If I see someone trying to undercut by one gil, I drop the price and overload the market to scroll them off the screen.

[Gabbelgak]

You can /tell retainers now?

My retainer is named Gabbelgak, my charater is named Gabbelle Gak. I don't exactly hide.