Undercutting by less than 1% is what I consider obnoxious. My most recent undercutting binge was jump-starting the 3-star mat market. NQ mats listed for 400% markup, I'll list for 50% markup and watch stuff sell.It seems like a lot of people need a lesson on this.
1. Evaluate the prices.
2. Go 200-500 Gil lower first. Do not just drop it by 10,000 Gil. You do want to make money right?
3. Your thing gets overshadowed by lower prices. No big deal! If everyone priced at lower increments, instead of being desperate, we’d all get similar profits from that item. Unless it becomes more common however. Items demoted to being common will naturally fall in price.
That’s it. It’s simple. Please don’t undercut obnoxiously.
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