What is your ACTUAL reasoning for undercutting?

[Izanagi_Fiaresu]

Capitalism. But I usually undercut by 10-100 gil

[Tint]

Did he actually SELL it at that price, or was that just the price on the MB. If you look through some of the mid to high priced stuff, you will find many items that simply never sell - possibly for some because nobody knows they exist (like maybe your red bikini?)

Yes, he sold it. As I mentioned I was looking in the (selling) history, not the market board itself.

By the way I never sold mine. In the next two weeks more and more of these items appeared on the market board and the price dropped a lot. So I just kept mine and stored it on some retainer.

[Mew_FC]

I go below market value because I cannot acquire more gil anyway.

#1percentproblems

[Izanagi_Fiaresu]

I go below market value because I cannot acquire more gil anyway.

#1percentproblems

Spread the wealth comrade!

[Keddera_StormMoon]

To sell it faster, obviously.

But I generally don't drastically undercut. I usually try to keep it in the ballpark.

On things sold in bulk, I generally sell in smaller lots to make them more accessible.

[Windsun33]

It varies a lot for me. I never bother undercutting by a few gil - it's either match it or go big. Quite often I will see low to mid range stuff that is way overpriced - and just for spite I will make up a few and put them up at the price I think they should be. 100K for a steel sword is a bit much..

[Kaedan]

The main reason is simply to sell the item fast. If it happens to screw over someone who overprices things, even better.

[K3KW4RCHILD]

I replied to this thread on the 21st. Today is the 26th and I am more dead set in my ways than ever before. For 5 days I played the market the way this thread and countless others before it have implied that we should. I went from 250-500K profits per day to about 100K per day. Today, the last day of this silly experiment, I woke up to just 35K.

On any given day in the market one item might cost 850K-1M to craft and flips for only 250K profit, if you don't farm up the mats. Desynthing one 3K vendor item can drop 1-3 crafting materials worth 30K each on the market and so on. I tried honestly setting a fair price and walking away but it just does not work. My retainers are nearly maxed out again and nothing is selling if I don't sit there and nickel and dime these idiots all day long.

I've proven it to myself once again. The only way undercutting works is if it's done so severely that it makes the next guy say "Forget that! I'm just waiting." Or it sets the price so low, buyers just can't pass them up and they start selling like hotcakes. Otherwise, just as I've proven to myself once more, there will ALWAYS be another 1 gil undercutter troll to prevent you from making a dime for days and possibly weeks at a time.

Sorry folks, but for gatherer/crafters it's a fact of life: If the undercut doesn't hurt, it doesn't work.

[Skogli]

Sometimes if someone undercuts me, I start undercutting at 5-10k at a time until I can buy their thing and list it at the real price.

[K3KW4RCHILD]

Sometimes if someone undercuts me, I start undercutting at 5-10k at a time until I can buy their thing and list it at the real price.

I sell so many of each item, I'll drop it 25k ... if you could just buy all of them now, that'd be great.