Undercutting by 1 gil?

[Tint]

I mean yeah the point of the market board is to sell things. If you never undercut other people you're going to take way longer to sell items you put up, if ever depending on the item.

wich further leads to the problem that i can't play gatherer or crafter anymore. if the retainers are packed with stuff, why bother with producing even more stuff?

[Bacent]

It's crafter PvP, duh.

[Nihility]

the problem isn't really the 1g undercutting as much as the sheer amount of people updating prices every 10 minute.
i remember one time i had a bunch of aurum regis nuggets and i just wanted to watch the prices to see.

It was like every 30s to a minute there would be a different retainer at top at 1g less then the previous cheapest was 1g less then a new one was up 1g less then someone else was updated to 1g less

a posting fee is really whats needed

and as someone that can craft everything easily i find the market prices tend to be kind of absurd. high end gear is usually like a 1000% profit margin just buying mats off the market board. Whenever i want money can make a few mil in an hour just crafting a bunch of stuff and posting it at like 50% profit then get hate tells because apparently the people buying it are other crafters trying to remove lower priced items lol

[Nerfworthy]

Would you prefer them to tank the prices by undercutting by several thousand? After about 5 or 6 people do that, the market is now dead on that item.

[Mikki]

I would prefer if someone undercut me by 1 - 5 gil. Then we can have a friendly back and forth! (Although I only really contest it if they've posted like 20 of the same item and it's likely someone will undercut them or they will add more before mine even have a chance to sell). It's when they undercut by huge amounts that I get irritated. I actually get happy when someone undercuts by 1 gil and say to myself "This guy gets it. He actually would like to maximize his profits." I feel like it's a tip of the hat when someone undercuts by just 1 gil, whereas if they undercut by a ton it's like a rude screw you gesture. Just my feeling.

When there's a healthy market, like something sells a bunch every day, and it's selling steadily for 9k a piece and you come along and undercut it to 2k..... I hate you. Because then everyone else matches the price and my profits are sunk just because you're an idiot. You may think "Well then it beats out competition!" No. It doesn't. I'll still match your price, albeit grudgingly. And so will everyone else. :T

I will buy whichever is cheapest in the amount I need, while keeping taxes in mind. But it's not so often that I buy anything anyway.... Omnicrafter + gatherer....

[Canadane]

If someone undercuts me by a small amount in a different city-state, I leave it as is.
Smart buyers don't go for the cheapest item, they go for the cheapest item in their area to avoid taxes.

I sell to smart shoppers, even if the not-so-smart shoppers greatly outnumber them.

[LalaRu]

If undercut is severe I buy all the undercut and resell at my price.

[Dzian]

Prices are always dictated by what someone is willing to pay. Simple as that. Supply is unlimited.

Putting something up for vastly cheaper isn't going to make it sell faster if it isn't a high demand item. I'm convinced some of these people are allergic to money when they go heavily under a largely fixed sale history.

/e

TBH a lot of it is SE's fault for shoveling gear onto everyone.

Lowering the price will often speed up sales even on high demand items. If sales are slow it's often because people do want the item they just won't pay the ridiculous price tag that sellers want for it. The second that price falls to a price more people are willing to pay sales will speed up..

It's kinda like the quest fish in my earlier post. Sure it sold at 1.5 million because a few people would pay that. Bit sold one a month if that. At 250k I sold 6 in 2 days. Because the price was more reasonable. And the fact I sold 6 in 2 days indicates the demand was there. But the supply was ridiculously over priced.

I'm terms of markets in general one of the best market systems I've ever seen is eve online. Where the market can be played from all sides.

Buyers have 2 options. They can either look through the sellers and find the cheapest deal and buy it right now. Or they can put up a buy order for the price they are willing to pay and wait for a seller to accept that price. Might take a day or 2 but will save you money.

Sellers have 2 options. They can either look through the buy orders and sell to the guy who will pay the most right now.. Or they can put a sell order up for there own price and wait for a buyer. Again might take a couple of days but you'll get more money

It's an incredibly balanced market system where the value of items is determined equally by both buyer and seller. And generally patience. If you need it right now be prepared to pay more. But if your not in a hurry you can save a load of money and get it a better price.

If sellers need cash they now they can sell it to the best offer. But if they're in no hurry for the cash they can make more money.

I'd love if the xiv markets worked like that. You'd likely find a lot of stuff sells much faster which increases circulation of the economy. And generally help keep steady prices

[Claviusnex]

Buyers have 2 options. They can either look through the sellers and find the cheapest deal and buy it right now. Or they can put up a buy order for the price they are willing to pay and wait for a seller to accept that price. Might take a day or 2 but will save you money.

Actually many of us have three options. I use the MB mostly for convenience with materials. If the prices are consistently higher than what I consider a fair price I will just go out and gather or make them myself. Yes it takes some time but usually less than waiting for prices to drop.

[Alleo]

Lowering the price will often speed up sales even on high demand items. If sales are slow it's often because people do want the item they just won't pay the ridiculous price tag that sellers want for it. The second that price falls to a price more people are willing to pay sales will speed up..

I agree that its better to lower the price if its only selling slowly but there are more than enough items on the market that constantly and daily sell well and yet you will have people that sell their items for less than the price of the NPC. Thats a big case of bad. (I will always cry a bit when I look at the materia market that constantly sells lots of numbers but each item itself is barely anything worth) If I have an item and see that the last sold one was months or weeks ago and there are still others there then I will first try it with the current price and if I need space and it does not sell then I will drop. But I will never get into a market that is going good and drop the price by half or more because in the end you will just lose money too.

If someone just sells all their junk items that they got from runs on the MB for barely anything, I do kinda question why they dont just sell it to the NPC. Less need for space and more left to sell the good items and you wont crash the markets for those that are wanting to profit from it.

(And yes I am a bit salty since a lot of market that are constant are often dropping a lot when I try to sell something for the current price..its like a very bad case of bad luck x))

Like on my server fat cats were going for 600k. My fisher venture brought me one for the first time do I sold it. Easy 500k. Few days later I got another. Another 500k.

Then a week later (2 days ago) suddenly cats are 2.5mil. So i sold mine for 1.4 this time. Cuz 2.5 is crazy, and it sold fast

Well your first price drop is not even 20% so its still kinda fine since its one item and not a whole flood of them and since they sell fast the market will probably not crash from that small amount. But I am really not sure why you let 1 million Gil just go like that? If the history showed that they are still sold for 2.5 (so there are people that will pay so much) why undercut by such a huge amount that will leave you with such a big amount of cash gone? I am quite sure you would have sold it as fast as you did with 1.4, if you put it up for 2.0 or 2.1 but you would have gotten more out of it. I mean its good for the buyer and if you dont care about Gil its probably fine too but I really cant understand why such a undercut is necessary if its selling so well. (But thats just me)

What I really hate is when an item sells so much that you can see all sales are from the past HOUR at some points and someone constantly slashes the price. They make a ton of the item and put them all up for up to 90% off....and they keep doing it, until that is the "new price", when people were perfectly fine, clearly, buying it at the old price. I can understand you people who don't work the market and just put stuff up that you end up with but these people who are clearly making the item to sell and keep coming back to do it over and over again really get under my skin....

Especially since you only need to click at one button and you will see what the current lowest price is and then another button to see how it sold in the last few hours. x) Undercutting them again and again just does not make any sense at all for such items since you would probably still sell them as fast as before but you will also get more out of it and wont destroy the market too.