Overflowing stupidity

[Megido]

Hi,

As a merchant, my goal is to sell first and sell it fast.

And what a great merchant you are.. Your goal should be to sell as high as possible with as little time required as possible. You on the other hand spend more time to sell at lower prices.

[Zigkid3]

And what a great merchant you are.. Your goal should be to sell as high as possible with as little time required as possible. You on the other hand spend more time to sell at lower prices.

I think you're taking it a bit out of context. I think what Wulfies is saying is that a merchant shouldn't be solely concerned with just price alone, but also the amount that can be sold at certain price points in given periods of time (the turnover rate). Ideally you want to sell at the point that gives you the best overall combination of net profit x quantity sold within a given time period (hence my earlier example).

@scarebearz: I at least can see where you're coming from.

[Wulfies]

Hi,
As a merchant, my goal is to sell first and sell it fast.

And what a great merchant you are.. Your goal should be to sell as high as possible with as little time required as possible. You on the other hand spend more time to sell at lower prices.

Hi. Just a couple of things. First, please use the entire paragraph as it explains my stance on this and do not take my words out of context (you miss the whole COGS effect.) For your reference here is the full quote:

Hi,

To Ricon, I ask "why not?" I do not know what your goals are, but when I put crap stuff on the market, I want the product to move and collect my gil as quick as i can. To me, as a person who farms everything, my CoGS (Cost of Goods Sold) are next to nil except for the time it took me to farm the mats. As a merchant, my goal is to sell first and sell it fast. I want to move more product and if i can do that cheaper than you and still make more profit than you, I can and I will. This is a basic business model.

Since you forgot to mention the CoGS, here is an example to illustrate my point. Lets use Mithril Ingots as the example (you can change this item to whatever you want).

Now lets say that the current "going rate" for said ingots is 150 gil each. Lets assume that if you were to buy the mith ore and the shards needed to make this ingot it would cost you 100 gil (this is your CoGS). Now me being a miner I can go out and mine the ores and the shards for free and all its costs me is 5 mins. Lets say i value those 5 mins as 10 gil (that is my CoGS.)

Now, if you were to sell your ingots at 150 gil your profit per ingot would be 50 gil per unit sold. To make the same profit per ingot, I would need to sell the ingots at 60 gil. Now, I want to make more than 50 gil and still sell it for less so I can/will sell for 125 gil. Since I have a lower CoGS, not only am I selling it for less than you (so people will buy mine before yours,) but I am making more money than you per item.

So....isn't that the goal here? So...how am I spending more time to sell at a lower price?