Undercut Hell

[Amenian]

I hope i'm not the only one who feels this way, but it's actually the 1g under-cutters that annoy me and I purposely avoid them and purchase the item below them.

If you want me to buy your product out of 60 others, it is going to take more than just being top of the list and 1g cheaper.

So what's the magical number that you think people should be undercutting by? 5 gil? 10? 100? The entire point of undercutting is to get your item to be the first on the list to attract the maximum potential buyers. Undercutting by 1 gil isn't being spiteful, it's business plain and simple. Personally, I usually undercut rounded down to the next 5 gil unless the item is less than 100 gil then I'm a 1 gil undercutter.

[NoF2P]

But I undercut by 1g someone who posted at 10001g, or 8001g several times this week alone. Now you just bought from me!

It's all arbitrary. Buy whichever one you want, but don't assume you have exercised some moral principle by buying a particular price level, whether the previous price was 1g higher, 98g higher, or 786g higher.

Er, yes, but you asume there is a logical reason for everything I do. If you undercut 8001g by 1g, I will buy from you I like round numbers cos they don't make me think and they leave my balance looking tidy. People can sell at whatever price they want, and I just buy if I want to. Paying one gill more is just the rebel in me not wanting to do what people expect. That and thinking that I may have made someone happy who thought they had been undercut already (who for all I know could be a bot operator). I just NPC everything I don't need - it's quicker.

[giantslayer]

Undercutting is the mechanism by which supply drives down prices.
Buying is the mechanism by which demand drives up prices.

[Felessan]

No that's not what I said ,I am talking about a system that would benifit everyone in the game from,crafters,to gathers etc and that will benefit the economy as a whole don't twist my words around.

There no mutual benefit between gatherers, crafters and consumers as their wishes are completely different.
Gatherers want high demand and high prices for their component.
Crafters want high supply and low prices for components and high demand and high prices for products.
Consumers wants low prices and only willing to provide high demand if prices reasonable enough.

Or you could of brought the three out and made yourself 45k!

It might be quite dangerous as having a stable buyer is a huge opportunity for seasoned crafter. The whole idea of reselling only works for occasional seller, not for the active crafter in the market. As they most often can just craft more items and you'll end up with stuffed inventory.

[Kisshu]

Or you could of brought the three out and made yourself 45k!

If I had tried doing that I would have lost gil because the price is at around 7k right now with constant lower prices. In roughly one week the price of Rush Grass has gone from some 120k to 7k gil

[MeiUshu]

why is this topic even going on, people practice the prices they feel is good for them. Whether is undercut or not, it doesnt matter, as long as YOU seller are happy with the price you set, be it above the market, in the market or out market prices....it happens to me, how can you sell a piece of gear 10 for a mage at 15k `???that to me is abuse BUT is my thought and in this case I have undercut it by alot, down to 2k...why ? because I felt it wasnt worth more then that, I am kind of a philosophical one...I consider prices for the piece and not in function of the rest of you people, fi I feel the market is too low, and I consider my gear more valuable, I will simply not put it on the market, either dematerialize or plain sell to NPC, each do what they feel right...you assume the consequences of your decisions..but whining is totally silly

Mei

[Fellisin]

It might be quite dangerous as having a stable buyer is a huge opportunity for seasoned crafter. The whole idea of reselling only works for occasional seller, not for the active crafter in the market. As they most often can just craft more items and you'll end up with stuffed inventory.

I was under the impression the item was a crafting material not a crafted item.

If I had tried doing that I would have lost gil because the price is at around 7k right now with constant lower prices. In roughly one week the price of Rush Grass has gone from some 120k to 7k gil

As with anything with a player base economy it would of been a gamble.

But considering it dropped from 120k in such a short manner of time, then the original 34k which you stated as listed price sounds like it would of been unrealistic to expect since the market price was already rapidly dropping. Information which wasn't in your original post, if it was. I wouldn't of suggested to try to reshift them as the price wasn't stable.

[Cenebi]

When you're pricing an item, the current listed price for that item is not the only resource. There is also the sale history, which I find to be a far more reliable gauge of the item's value.

For example. Today I was putting some items on the market that my retainer brought back. I noticed that only 3 of the item were on the market for around 34k, with one at 50k. Generally if there are that few on the market I'll look at the sale history to make sure these just weren't the only overpriced items that hadn't sold yet (especially if there is a wide price disparity). I did so, and found that nearly every single copy of the item that sold in the past month sold for under 17k. So I put my item up for 18k because I actually wanted to sell it, not just have it sit on the market at 2-3x as expensive as the items that are actually selling.

If people are consistently undercutting you by 40-50%, maybe you're overvaluing your product just a tad.

[Aeliott]

What bugs me more is people who don't take into account the amount of the item. General sales logic - the more you're offering in a stack, the less they should cost per item than if you were selling individually. But nope. You put a stack up of 50 or whatever, make it a lower price than buying that item individually or at lower stacks, then some moron puts 1 of that item up for cheaper.....just so they're at the top of the list. :|

[Adrian74]

*first post*

I'm that second type I guess, of undercutter. But you have to wear the boots of the another sometimes.

I only craft and only sell in my server one thing, ONLY ONE THING... Glamour prisms grade 1 LTW and WVR... I have been doing that during months... Some days and even weeks I'm happily selling them without problems, but then start to come other crafters that see a good business on it and start to undercut me by one, making me lose a lot of sells, I have thousand, thousand of those items to sell and I don't mind to sell them to 999 if needed. What I don't have is the time to check all the damn moment the market (Basically because I can only play mostly the weekends)

So... when someone new comes and see glamours are 9999 and thinks "Oh, cool! I'm going to drop it now to 9998 and sell a lot"! I have to instantly drop it to 7999 to show them that the item is going to be worthless. then they undercut again, 7998... They sell, I don't, because I have not the time to check, I only have a few hours in night to see market... SO... What can I do to protect my dear unique item I sell since months?... Make it useless, even for myself, I keep dropping and dropping until the new guy sees that it is useless to keep selling or making it. (I have been weeks selling a lot of glamours UNDER the cost price for crafting them...)

So, OP, you should not criminalize at all the 'undercutters' that come and undercut by a lot... I hate more those who come and undercut me by one all the time... People who can't be checking every 5 minutes tend to undercut a lot, people who can be 24h in the market board can undercut by one. It's not a matter of which one has the reason, is just a different style of marketing based in the time disponibility of seller.