Undercutting

[Faafetai]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

I have seen something selling for a moderate amount like 2000 drop to 70gil and it makes me fiesty, but I just get fed up and sell into different markets at that point. It was way worse when I would spend a few hours on collecting a mat at lower level that wasn't on the market at all than I get undercut by a lot. Though I do not have the best of luck so say farming for Archaeornis Skin in heavensward when in heavensward expansion getting barely any and trying to make a small amount of gil is just depressing. I usually factor in how much time it took to get the stuffs, make it, sell it and usually sell it for whatever price is the lowest depending on how many of that item is for sale. You can get away with selling things at the same price and still make bank on it so might as well not undercut. Though what you have said reminds me of all of those times I sell something for months than little Timmy comes in selling a million slots with his 12 retainers for 1 gil tanking the market entirely. I just wonder why, I have never sold something for 1gil but wouldn't the tax make you get nothing in return, it would be better to just sell it to an npc at that point.

[Ultaniku]

I can’t begrudge a slight undercut by a few gil especially if they’re selling a single item or say a smaller stack of crafting mats. What floors me is when most everyone is pricing a more desired crafting material around similar prices, one or two gil off, and then someone comes along and lowers it by say 1000 gil or more. You’ll think mine will definitely sell but then everyone lowers theirs as well. If it’s a popular material or item it’s going to sell regardless just base it with the others. It’ll sell. Fast cash isn’t always best cash.

[Stormfur]

Meh.. I don't care. I craft to relax. I don't aggressively do the price war thing. I dont mind if mine sells second or third.

[Liam_Harper]

What floors me is when most everyone is pricing a more desired crafting material around similar prices, one or two gil off, and then someone comes along and lowers it by say 1000 gil or more.

If it was actually desirable, a single person wouldn't be able to crash the price like that.

[Ultaniku]

If it was actually desirable, a single person wouldn't be able to crash the price like that.

It isn’t usually just a single person. It’s that avalanche especially if everyone is watching their items like a hawk and tank the prices the second someone lowers their materials a good bit. The higher crafting leathers usually sell pretty well on my server and usually around 3-4K a piece. And they sell rather quickly, so when people see they’re selling they will lower the price a good bit and then it just turns into everyone lowering the prices. They sell well on their own. The price gouge isn’t necessary.

[texas_boy]

I'm a fairly new player and initially started crafting so I could supply my own gear and save a lot of gil, but fell in love with it and haven't looked back.

When I first started selling stuff on the market I would get really frustrated with the 1 gil undercutters and drop my price waaaay too much out of spite, not understanding how everything works. After a bit of time and experience I look at it as a game (well this *is* a game lol). Either undercut by a gil or match the price of the other undercutter in the vast majority of cases.

I will say this - you can make quite a bit of gil working the market, but you HAVE to be proactive. You can't just load up a retainers with dozens of items expecting them all to sell in a very short period of time without actively managing them I use no addons, no botting software or anything like that, but I spend a LOT of time gathering mats to craft stuff, crafting items and watching for trends. Every morning when I log in I check several broad categories - food, furniture, gear, mats, etc. to see what's selling and will gather mats and craft up those items in bulk. It changes every day, and I watch my auctions like a hawk, checking them once an hour and adjusting accordingly.

This is my endgame vs. running dungeons/raids. I find it very satisfying and think of it as pvp almost. Not everyone has the patience to gather, craft and manage their auctions, but if you do it will pay off in spades.

If you're new to crafting and selling on the market, don't take the 1 gil undercutters personally. Smile and reprice your wares to 1 gil under them and go about your day. If the price drops more than you're willing to sell for simply pull your stuff and wait a day or two and pop it back on the market.

Have fun with it!

[Floortank]

undercutting by 1 gil is fine

tanking the market because you think itll sell ‘faster’ isn’t.

if something is selling at 80k gil (and i mean selling, not sitting there), either price at 80k or 79,999. you make more money, the market doesn’t tank, everyone wins. people will ALMOST always buy the first one on the list anyways, regardless of if its insanely cheap or priced right at market value. you simply shoot yourself in the foot, as well as everyone else.

That's not how markets work. Valuation is whatever people are willing to pay immediately, not after they've waited for the item to go down in price. Whatever people are paying for an item that moves it quickly is its actual value, not a "tanked" value. If someone moves an item at for 20k at -1000 your listing price, they are not -1k, they are +20k, and you are -+0. IE, they made money and you didn't, so you can't sit here telling people how to make more money when you don't actually know how.

[Canadane]

I regularly buy from the second or third cheapest option just because I hate undercutters, and gil is mostly meaningless anyway I am not here to pinch pennies.

[Darthgummibear]

Personally I love when people undercut by stupidly large amounts because I end up making a ton of gil for zero effort on my part.

[TristanX]

I usually undercut 1gil. I'll undercut by large amount if I feel the current price is too much. I sit on buyer's shoes too.