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

[Sibyll]

snip

I think a list fee might stop people from undercutting by 1 gil. It might force people to start considering what an item is actually worth and the minimum profit they are willing to make.

To expand on your "PF" idea, I'd like them to make it so "Wish Listed" items can have offers associated. It's aggravating to make a wish listed item only to see it sit for weeks and weeks because what you think the value of the item is doesn't coincide with what the buyer wanted to pay.

It'd be nice if buyers could post offers for items so that crafters and sellers can cater to demands without having to guess.

[Eye_Gore]

It'd be nice if buyers could post offers for items so that crafters and sellers can cater to demands without having to guess.

It is kinda funny that when you list an item, the price is listed as "asking price". Which in the business world means its not set and a buyer can counter offer, which cannot be done here.

As for a re-listing fee, no thanks. Too many times do I put an item up for sale only to see that there are none listed. When I look at the sale history, I take a quick average of what past selling prices were and list it. Then come back later only to see that there are now 10 or more listed each one undercutting the next. Mine now being the most expensive, only to have really no choice ( if I want it to sell) to drop my price.

[Zedd702]

It is kinda funny that when you list an item, the price is listed as "asking price". Which in the business world means its not set and a buyer can counter offer, which cannot be done here.

As for a re-listing fee, no thanks. Too many times do I put an item up for sale only to see that there are none listed. When I look at the sale history, I take a quick average of what past selling prices were and list it. Then come back later only to see that there are now 10 or more listed each one undercutting the next. Mine now being the most expensive, only to have really no choice ( if I want it to sell) to drop my price.

Even with none listed, there's usually a sale history on the item...

I agree and like the sound of having a listing fee for that as well.

[Logo]

Something is only worth what someone is willing to pay.
Thats it.

[Sanguisio]

I think a mechanic could be introduced which would also prevent people completely owning a section of the market.

You cannot list an item for less than 80% of a the median or a specific % of the listings median value of the items listed.
e.g

Vanya silks - 12 listings ranging 55-60k, the system wouldnt allow your listing to go live unless you priced it within the range in line with others or a significant amount of people were trying to list within 5% range either side of your value.

So the masses could inflate or crash the price of items but it would prevent this issue of single undercutters being ridiculous.

Sorry if it didnt make sense, ask I will try to explain it further.



ALSO,

You could introduce a retainer feature
Set up a WTB with them and have them their gil to purchase it so you dont have to stand by the market board to buy what you want at a reasonable price.

[Sibyll]

It is kinda funny that when you list an item, the price is listed as "asking price". Which in the business world means its not set and a buyer can counter offer, which cannot be done here.

As for a re-listing fee, no thanks. Too many times do I put an item up for sale only to see that there are none listed. When I look at the sale history, I take a quick average of what past selling prices were and list it. Then come back later only to see that there are now 10 or more listed each one undercutting the next. Mine now being the most expensive, only to have really no choice ( if I want it to sell) to drop my price.

I wouldn't mind having some bartering functionality via the market board. Honestly, it'd be nice if you could filter based on desired items, or what has been purchased the most lately.

[Xystic]

Add a listing fee. Make it 1%. Remove retainer fee. A 1M gil item would then cost 10k to list and another 10k to relist. That would make people think twice about undercutting.

The issue is the initial undercut. Your competitor automatically will list his/her price below yours locking your items up on the market board. People have this misconception that undercutting occurs after the initial listing but your competitor will undercut you on his/her first listing.

Not to mention, he/she can automatically list it at the minimum profit margin knocking you completely out of the market because if you relist, you relist at a profit loss.

Listing fees have been discussed heavily and we know that even with a listing fee, it does nothing to deter the initial undercut.

Listing fees is a no no.

[Sibyll]

snip

Listing fees would discourage people posting things for absurd prices. You will be less inclined to post something at 10 times the value of the item if it means you are going to spend 10 times the gil posting it.

Also, listing fees won't prevent the initial undercut. I can't think of anything that will prevent that. What it will prevent is subsequent undercuts from being for, let's say, 1 gil because people would lose profit relisting an item 100 times for effectively the same price. Instead, it'll make people think more about how much they can afford to relist for while still making a profit.

Also, it depends on the item. If you get undercut on something like Savage IVs no one is going to care because they sell so fast. If you are selling something that moves slower, like 4* armor, then you are going to be more inclined to relist at a price you think it will sell at.

Lastly, I've noticed people use the MB as storage. A listing fee would also deter this.

[Xystic]

Instead, it'll make people think more about how much they can afford to relist for while still making a profit.

The fastest way to make currency in any MMO, is to eliminate all your competitors. To have a monopoly of a market. With the listing fee, an individual can immediately place up a specific item at the minimal profit margin and force their competitor to either relist at a loss or wait until they decide that they no longer want to stay in that specific market.

Listing fees prevent relisting but it doesn't prevent the above from happening, the initial undercut.

[Sibyll]

Listing fees prevent relisting but it doesn't prevent the above from happening, the initial undercut.

If someone is able to do this then that means the other sellers in the market were listing well over the value of the item. If this product moves quickly then one person selling a few items at minimal profit could either be bought and resold at a higher value by the competition or will be bought immediately and the higher products will be purchased as well.

I'm not saying it's the best approach, but your argument is that it's a bad option because it doesn't prevent an unavoidable consequence of market boards as a mechanic. Kind of a loaded argument.