Undercutting by 1 gil?

[Tint]

i remember i was the first one on the market with a super rare item, i wanted to sell it for 4 mio gil. it took weeks and nobody wanted to buy it. i checked several times per day if someone else was putting the same item on the market too.

so after weeks of waiting someone else put the same item for 1 gil less than me on the market, and sold it withing 1 hour. i was SO salty xD

but however, before that i was thinking i should be fair, not undercut, only set it on the same price, and so on. but since then i undercut everyone by usually 10 gil, because that's just how the market works. people will always buy the item on the top of the list. they will even pay thousands of gil for the taxes jus to save this 1 gil, because they don't understand how the market works.

and to understand that the people don't understand how the market works, is important to understand how the market REALLY works...

[Snow_Princess]

i remember i was the first one on the market with a super rare item, i wanted to sell it for 4 mio gil. it took weeks and nobody wanted to buy it. i checked several times per day if someone else was putting the same itemon the market too.

so after weeks of waiting someone else put the same item for 1 gil less than me on the market, and sold it withing 1 hour. i was SO salty xD

but however, before that i was thinking i should be fair, not undercut, only set it on the same price, and so on. but since then i undercut everyone by usually 10 gil, because that's just how the market works. people will always buy the item on the top of the list. they will even pay thousands of gil for the taxes jus to save this 1 gil, because they don't understand how the market works.

and to understand that the people don't understand how the market works, is important to understand how the market REALLY works...

That is not completely why, though it can hold true in some cases. Its more lazy, FFXIV's whole ecnon is dependent on the lazy, so it makes sense to fit such a personality to have people just click the first name they see.

To the TC, people HAVE to undercut because FFXIV's econ is so slow moving, if you want to sell something, you need be on top of the list. That is why I do not understand people that do it in large amounts, it doesn't magically sell faster.

[Zfz]

FFXIV's whole ecnon is dependent on the lazy

Many people don't realize this, but this is exactly how the Market Board is designed, and it was confirmed by Yoshida himself, that they wanted to reward sellers who check the board frequently, learn the market, and adjust prices accordingly. By extension, the whole market tax system and different markets are there to add a layer of obfuscation as well.

To people who complain: don't complain about 1g undercutters. You can do it as well, and you are expected to adjust your prices frequently on items that move quickly, becuase the whole system is designed to reward that behavior. If you want to list and forget, like most people who don't play the market, then you will not be rewarded as much as those whose end-game consists entirely of the market board interface.

----

As to people who do it in larget amounts, I sometimes do it, too. This is because I set my price based on the selling history, not the outrageously overpriced listings that obviously nobody is buying. In those cases, I will undercut a 130,000 item by listing at 25,000 if the price history says nobody's buying above 20,000. And I believe a lot of people who are not frequent sellers who just want the stuff sold will do the same, i.e. price according to the purchase history, not the current listing. Especially when it's something obviously only a few people are selling because not many people are buying; then they can buy my item and resell it at a profit.

Don't expect everyone to treat the market board as a venue of profiteering. Frankly speaking I don't give a fuck about profits on the market board. When I'm selling, I'm selling to get rid of stuff that has significantly more value than the vendor price, else I'd have just dumped it on NPC vendors. All I care about is that it sells above vendor price and that it sells reasonably quickly to not clog up my retainer's listing. Most times I'll be listing lots of stuff then forget them for weeks if not months before my retainer inventories have filled up too much and I need to sell again.