Idea against Undercutting at the Marketboard (The next.. )

[Sibyll]

I think it is a bad design therefore I object auction house like FF11 (bid item)
I support open price, click to buy.

Nevermind I didn't understand what your post was saying originally. Yes, I agree that would be stupid.

In FFXIV sellers decrease their item in 1 gil increments.
In FFXI buyers increased their offer by 1 gil increments.

A better solution to 1 gil undercutting would be to make crafted items be desirable for more than just glamours. Very few people go for crafted gear on my server.

[finalthief]

I, for one don't mine the undercutting in the market board. As a gatherer and crafter, I find it beneficial on both fronts. One, I sell my crafted items faster and two, I buy crafting materials at a low price thanks to under cutters. So I am pro-undercutting.

[Zedd702]

Undercutting is fine if to drives prices toward equilibrium, but when people are undercutting by 1 gil it's doing this in the slowest most tedious way possible.

I do not have an issue with under-cutting at all.

As a seller: If I price Ehcatl Sealant at 240k and I feel its worth it's price or I am in no hurry to sell the item and want its full value, I leave it as is and wait. If someone prices thiers 1 gil less than mine, I couldn't care less. I will also offer competitive pricing when listing bulk items so if I sell 5 ehcatl sealants I will probably offer something like a 1-2k cut per sealant for a more tempting offer for the buyer.

Yesterday, and I don't understand what happened, but someone bought my sealant the moment I listed it. There were 6 others that were cheaper than mine, but the moment I listed it at 234k it sold before I could walk away from the MB. I checked really quick to see what was left and there were still 6 listings priced from 210-230k. I priced mine purposely waiting on the "quick seller" flood gates to close.

As a Buyer: If I see an item I need/want and the difference is one gil. I generally will buy the highest price one as a lesson to the under-cutter. Top listed items do not sell any faster than the rest when people take into consideration of quantity and price vs bulk price and discounts. And complaining about undercutting, regardless of how ridiculous as it maybe is comparable to McDonald's complaining that Burger King has 2 fish fillet sandwiches AND a small side of fries for $1 to their 2 fish fillet for $1...

[Oblitae]

People sure as hell don't undercut those SWEET IV MATERIA

C'MONNNNNNNNN

[ChameleonMS]

Yesterday, and I don't understand what happened, but someone bought my sealant the moment I listed it. There were 6 others that were cheaper than mine, but the moment I listed it at 234k it sold before I could walk away from the MB. I checked really quick to see what was left and there were still 6 listings priced from 210-230k. I priced mine purposely waiting on the "quick seller" flood gates to close.

Three answers come to mind for this.

1. You were selling the exact right quantity that the buyer wanted.
2. The buyer was purchasing in the same city as your retainer, $234K has the same effective price as $220857 sold in a different city.
3. The buyer was purchasing in the same city with the intent of teleporting to the next city to purchase the others next. Your quick recheck did not allow the buyer enough time to make it to the next market board.

[Eye_Gore]

I generally will buy the highest price one as a lesson to the under-cutter.

I've seen people say this often, but does it really teach a lesson? For all you know as soon as you walked away from the MB, someone just bought that other one, and that undercut seller has no idea that you taught him lesson.

[Pterois]

its a market... you play it... /thread

[eVaughn]

I think a good system if you were to implement any restrictions at all on market boards, is to implement a timer for items. This wouldn't fix all the problems, however if you prevent people from constantly undercutting the items in competition, it may help stabilize the market boards in both, price gouging and undercutting if there was an earth-time restriction on repositing and item on the market board.

Ex.
I sell i55 craft/gathering accessories at 115k Ra on my server, that's about 30k profit for me, many others sell theirs at 140k, in my eyes that's price gouging, but if you can find a fool to pay for it, why not I guess.
If someone undercuts me I don't really bother much in starting a war over it, but I've seen countless times battles go on with certain providers, constantly dropping prices by 1-10 percent each undercut, but if you couldn't repost an item on the boards for an hour or 30 minutes, I think this would help stop the undercutting.

Then again, the market boards work...and for the most part the stabilize themselves, if people are saying that's way undrpirce, how are they even making a profit, I'd say to reevaluate, because if something stays at that price for longer than a couple days, I say capitalism has reprised that said item.

Good luck to all yall working the market boards, wether you undercut or price gouge, you contribute to that items price

[Zedd702]

Three answers come to mind for this.

1. You were selling the exact right quantity that the buyer wanted.
2. The buyer was purchasing in the same city as your retainer, $234K has the same effective price as $220857 sold in a different city.
3. The buyer was purchasing in the same city with the intent of teleporting to the next city to purchase the others next. Your quick recheck did not allow the buyer enough time to make it to the next market board.

1. The rest were all 1 quantity as was mine.
2. Perhaps.
3. I highly doubt that.

I've seen people say this often, but does it really teach a lesson? For all you know as soon as you walked away from the MB, someone just bought that other one, and that undercut seller has no idea that you taught him lesson.

It does when it sits there and they see the other one was purchased and then it gets buried by the other submissions.

It's not a 100% punishment for that type of dickery as there is no competitive pricing in under-cutting by 1 gil, but it is a form of a kick in the balls if you will...

[Stihllodeing]

I've seen people say this often, but does it really teach a lesson?

No. I am on one of the least populated servers, I don't sell HQ* anything, and have made millions. I recently started undercutting by 25 gil increments in any effort to snare the con-undercutters, but have noticed no change in product movement.

There are four main points I would like to hit on. I believe my philosophies about these points have either directly or indirectly contributed to my success. I am not telling anyone how to sell so take it for what it's worth. As long as you're not violating the ToS for your gil, I don't really care how you earn it.

Board Camping

People who camp the market board should be rewarded.

People enjoy different aspects of this game, camping the board is one of mine. Some people enjoy fishing for the one that got away. I enjoy being diligent and proactive with my entrepreneurship so to speak.

Personal preference aside, it seems slightly absurd to me for someone to say, "campers are ruining the MB". Camping the board and appropriately undercutting puts you on top page, helps to lower the value of sought after items, and that's ALL it does. The economy in Final Fantasy XIV A Realm Reborn does not have enough complexity, variables, or outside competition to be at risk for collapse. Certain products can tank but that does not give a clear indication the economy will tank. Not to mention how much buyers (and sellers) can benefit from a product losing value. If you don't buy and resell and even try to encourage your competition to devalue their inventory for your own financial gain you are not maximizing your potential to earn (doing it wrong).

Leveling your crafting class, and even your DoL, is very much tied to the market board. I know some people trying to burn through their allowances speed leveling a crafter have been very thankful for my retainers. Probably thanked me out loud in their living room.

Campers selling low-mid level items on the MB (ya know, the vast majority of the MB) are NOT the same as people camping the board selling a single 10 million gil item, but I see nothing wrong with them exercising their freedom the same way as I. Products losing value is almost always a win for buyers. I believe in the trickle up effect.

*However our strategy is not the same, our undercuts are generally much smaller, so people should quit confusing the two.

1 Gil Undercutting

I find it ironic for a community who is opposed to drastic product deflation to be so opposed to 1 gil undercutting. Community dictated price matching is only beneficial for RMTs when no in game mechanics govern it.

Outside of the forum, there are absolutely no tools in place to facilitate this practice in our economy. People who fear for a drastic decline in value for certain products should be advocating for this (1 gil undercutting).

The only people I don't buy from are people with retainer names like: stupidslutface and dghjusyndgtf.

Blind Markets

Blind markets thrive better in niche markets. That's just fact. There's few niche markets in our in game economy, and those markets don't differentiate themselves by much anyway. Again, the market FF has is very simplistic and has just began to branch away from being linear. Maybe in time certain products will perform better in a blind market.

As of now, I suppose there are a few items I would consider candidates for a blind market in Eorzea. However I would be completely opposed to a blind market only approach for FF ARR and would go as far as to say it would create chaos and upheaval, if at least temporarily.

Product Worth

This is really the nuts and bolts of the discussion right? Maintaining worth and integrity? Well I'm sorry to break it to some people, but the Eorzean Economy is about as watered down of a real life economy as you can get. When an economy is essentially comprised of the most basic fundamentals required for it to be an economy worth becomes and illusion.

Convenience is what drives our economy. Players are free to do as they will. At any point in time you can become whatever it is you want, and that is a beautiful thing. I've spent a lot of time leveling my crafters and gearing my wife's gatherers. I make money because I'm an informed Eorzean. I sell convenience.

......................

/slightly off topic