Extreme Undercutting

[Tranquilmelody7]

If any of you feel gil is useless and has no value, feel free to give it to me.

Your trash is my treasure.

[Araxes]

It has aways been a problem, but its more intense this expansion because gathering and crafting became way more easy. On our server, the prices for the new crafting set went down from 50 mil for the entire thing, to 12 mil in ONE DAY. There ist just way more materials and also way more sellers than in previous expansions wich ofc causes fast pricingdrops.

[Seddrinth]

It has aways been a problem, but its more intense this expansion because gathering and crafting became way more easy. On our server, the prices for the new crafting set went down from 50 mil for the entire thing, to 12 mil in ONE DAY. There ist just way more materials and also way more sellers than in previous expansions wich ofc causes fast pricingdrops.

How is that a problem? It benefits the ff14 community. They can buy things for cheaper.

[MartaDemireux]

The way I see it is an item is only worth what people are willing to pay. If an item hasn't sold in days while people are only dropping by 1 gil, then it's time to drop the price by a larger amount until you find a buyer.

If the item is worth more in your personal opinion, you are by no means obligated to lower your price to match or beat the undercutter. You won't make your sale as quickly is all. And if you never make your sale then the item simply isn't worth what you think it is.

[Dyvid]

New items, Quantity, Day of the Week. These are the three main factor to think about when selling on Marketboard.

Patch Day is the big money makers because new items mean rare with no stock. Everyone wants it, nobody has it.
Quantity is your basic supply vs demand. More stock, lower price.
Day of the week falls under quantity to a degree. During weekdays there is less stock so items usually can sell higher. Weekends is when everyone plays so you see prices fall during this time but items sell faster.

Personally I adjust prices on Friday and Sunday. I don't need money fast so I can leave items on the board and wait for stock to get lower. Sooner or later it sells.

[Kes13a]

New items, Quantity, Day of the Week. These are the three main factor to think about when selling on Marketboard.

Patch Day is the big money makers because new items mean rare with no stock. Everyone wants it, nobody has it.
Quantity is your basic supply vs demand. More stock, lower price.
Day of the week falls under quantity to a degree. During weekdays there is less stock so items usually can sell higher. Weekends is when everyone plays so you see prices fall during this time but items sell faster.

Personally I adjust prices on Friday and Sunday. I don't need money fast so I can leave items on the board and wait for stock to get lower. Sooner or later it sells.

This only works in a world with no 24/7 market bots.

they restock quickly, will always undercut, so your items may never actually sell unless there is a run on them. so, in this case, on my server anyway, you wouldnt need money at all then...

[Jennah]

The laws of Supply and Demand work in-game too.

Even better than in the real world - everyone really does start at a level playing field, there aren't any governments or monopolies to distort the market, no one can differentiate their product through different features or advertising, etc.

[Conando]

How is that a problem? It benefits the ff14 community. They can buy things for cheaper.

It hurts the people who want to buy multiple houses, I guess. I’ve ALWAYS been destitute, so the consistent price drops are welcome to me.

[Kewitt]

Once you have gil it doesn't matter. I honestly don't even take money out of my retainers, they all have over 10m gil.

Also if you're worried about selling stuff to make the bank big don't work on 1-20k items.

There are easier ways to make 1m gil in a few hours, that anyone can do. Crafting or gathering or PVE. all have ways to make 1m gil in a few hours.

[Gothicshark]

Kind of just a rant thread, but why do people undercut so freaking heavily to the point that nobody is making money anymore? It makes absolutely zero sense. You'll start off with say a 10,000 gil item, it'll drop to 9500, 8000, 5000, 1000, down to single amounts of gil. Im out here tryin to make gil! Stop killin my gil grind!

stuff gets too expensive, when I'm crafting I like to reset the values to something more in line with what an NPC vendor would sell things for.