How do you react to being undercut?

[kuikui]

Everything I sell so far are items I've gathered myself while leveling a job so it all becomes profit for time spent acquiring a higher goal. To me, anything valued on the market that is more than what I would get by npc'ing it. Is profit. In that regard, I will undercut depending on how much is currently listed. And how often it has been selling. I won't under cut if I don't have to, but if I do, it will be enough to get my item sold. What I won't do is play item tag by undercutting by 1 gil. I usually cut by 5-10%.

[Ilmoran]

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.

I do the same thing on big ticket items, and for that reason, I never respond to 1 gil undercuts.

[Hitaru]

For people dont realize is that, those 1g undercut is meaning less if say the people you undercutting have a different city retainer. Buying stuff in limsa from a grid retainer will put a fee on ur purchase, while buying from a limsa retainer is a lot cheaper due to no fee even the price tag is 1g higher. So I usually just switch around a retainer and stay 1g higer than the under cutter. And sometimes if people undercut too aggressively, I sell HQ par his NQ price just for the sake of it that I guarantee 100% HQ rate, so NQ HQ doesn't matter to me.

[tOnni3]

Do not underestimate 1 gil undercutting, someone didn't check the final price on confirmation box.

[waca]

I never bought item from 1 gil cutter, it's just pointless and it shows the seller is lack of sincerity.

[ImDingDing]

For people dont realize is that, those 1g undercut is meaning less if say the people you undercutting have a different city retainer. Buying stuff in limsa from a grid retainer will put a fee on ur purchase, while buying from a limsa retainer is a lot cheaper due to no fee even the price tag is 1g higher. So I usually just switch around a retainer and stay 1g higer than the under cutter. And sometimes if people undercut too aggressively, I sell HQ par his NQ price just for the sake of it that I guarantee 100% HQ rate, so NQ HQ doesn't matter to me.

NQ and HQ are different markets, if u always HQ the end product why a NQ under cutter will bother you at all? I sold a lot of HQ at 15k when I am the only HQ seller and the NQ ones are just less than 1k.

[Darkwerk]

I do not react very much to undercuts. I actually think they are the natural flow of a market,as long as they are done in a sane manner. If someone post a ton of stuff at vendor price or somethings silly, I may pull out and use my space for other goods. Often I will just let them sit as vendor price items normally sell off at a fast rate,for things I am dealing with anyway.

To sum up my view on it, I think undercutting is natural. I also think that this game promotes it a bit to much,and also leads the unknowing down the wrong path in some ways.

I would remove vendor values as the default price listing when we post an Item, we can see the vendor price with a mouse over anyway. I would also not show list prices,and a much shorter sale history. (not restarting this debate, just stating my thoughts) IMHO this will stop a lot of the herd mentality that can degrade the market for the rest of us.

[Wulfies]

I laugh at the 1 gil undercutters. Its just a "piss-off" type antic to get you to drop the price stupidly low in rage and then someone can come in an swipe it form you at a steal.

Flamds1 is correct, if your gonna undercut, undercut or just stop wasting your time.

I farm/gather most of the stuff i make so all that is lost is time and on a lazy Tuesday evening while waiting for your queses to pop up, it beats just sitting around and doing nothing.

[PopeHat]

I have no issues undercutting to a break even price, I'll go below cost of mats for HQ if I farmed the mats myself, I don't have much tolerance for people undercutting me. If someone undercuts by 1g, I'll undercut by 100 to 1000. My retainers are constantly full, dead items sitting there cost me more than selling something at cost and I'd rather be crafting than micromanaging the market board.

[gadzi_h]

Buying stuff in limsa from a grid retainer will put a fee on ur purchase, while buying from a limsa retainer is a lot cheaper due to no fee even the price tag is 1g higher.

Yep unless your undercutting the tax your not getting my sale. I often buy the item listed for the city I am in just to avoid tax and or actually make a savings over your undercut. Undercutting just hurts the under-cutter. And does anyone ever consider that people are manipulating the market to obtain cheep items. I have done this list an item for a super low price watch others under cut, then buy out the market use those mats and sell your own later at a price to cover your costs. It works great.