UNDERCUTTING....

[Dusk_Shardveil]

If only NPCs would buy items at close to fair market values. (well say... 80% of the average of the last 100 marketplace purchases) Undercutting wouldnt be as big an issue. Those that just want to dump their stuff for a quick buck can just go to the NPC reducing the amount of undercutting. I'm a 1gil type unless the item has sat in the list for several days.

Most of it is free market forces. Supply & Demand driven ecconomics paired with the limited store inventories and the desire for a quick gill. If someone undercuts too much then the more enterprizing can swoop in and snatch the item for resale at a higher value.

Crystal prices dropped with the merge. Why? More players playing in a consentrated way. More crystal drops. More supply equaled lower prices. Remember when a water shard was 100gill? Now you cant sell one for 10. Its so low I NPC them now. They can fix this by adding a few recepies in the hamlet defense or elsewhere that use water shards or by reducing the drop rates.

I'd prefer more recepies TBH. That way the crafters can make more things to be undercut on. *chuckle*

[waldo]

All the socialism / communism / capitalism bullsh** aside, it's a good thing you are being undercut.

It means people are actually buying stuff off the wards, which for a very long time wasn't happening.
It's a sign the economy is strong, and that's a sign the game is getting good.

[Altonfenri]

thats the way it works, the sale pretty much gues to theperson who is attentive enough to catch the undercut and lower yours. i find that sometimes i just want to npc stuff..

[Suneater]

If there are so many people making/gathering/selling something that you are getting undercut to the point that the things you are trying to sell won't sell within in few days of posting, the market is obviously saturated and you should stop crafting/gathering it. It's simple supply and demand. Find something that sells well but is rare or annoying to farm/craft, or is easy to make but isn't crafted.

Having a steady income is about finding a niche in the market and keeping a consistent, reasonably priced supply. Believe it or not, you will get undercut when you try to make the same 2 mat recipe everyone else is crafting a dozen of or when you dump your crap dated gathering mats on the market. If you keep getting undercut, just move on to something else and learn to price better.

[Huginn]

if you want fixed prices, go sell to NPC.
supply, demand, market price, freedom... not a command economy. if you wanted to stop people from undercutting what YOU think is fair, then we would need enforcement, and a glut in the market, a similar amount would sell, but yours would not because everyone was just waiting their turn to sell and the backup would stretch from the coral tower to stillglade fane.

[ChickNorris]

Actually a lot of crystal prices dropped when they allowed you to exchange guild points for them. Which caused there to be a lot more of them...which illustrated a funamental rule of economics. Supply dictates price.


Off of that chat and just as a basic player: I have undercut before. When I was leveling culinarian before, there was Shepherd's Pie and Knight's Bread as the main food for people. The prices were insane considering the recipe. Like 6k for 1 Knight's bread. They hardly sold, no one really bought the pies either. I tanked both prices. Found out the market would support 2k-3k prices. Kept the price around there and did very well for myself.

This is a reason also people undercut. It is all very well and good you are going to keep your Knight's Bread at 6k each and sell one or two a week and make 7000 gils. Meanwhile, I made and sold 100 at 1k profit each. According to this thread, that is undercutting. According to me, it is good business.

[Matsume]

[Geo]

Epic fucking win

[Krausus]

I try and make it a point to not buy 1g undercuts, seems like a community issue to me.

[Matsume]

I try and make it a point to not buy 1g undercuts, seems like a community issue to me.

Your loss...