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  • #16
    (Oops, after making this big long post I just realized this topic was for the RODCET NIFE server. So basically disregard.. I don't play on that server. OOPS. So this would be more general on the topic)

    Undercut is a derrogatory way of saying "compete." Instead of Undercut I prefer "being in business and using good business practices."

    If you match your price with everyone elses, what shopper is going to buy yours? This is why stores in real life compete with sales.

    I don't want them to buy yours, I want them to buy mine and yours can rot. That is what good business is. The market is limited, everyone is not going to buy sickles or whatever while I'm selling for 8 hours overnight. So temporary sellers are more liketly to use "good business practices." I want the money from selling now, not tomorrow.

    I disagree with the poster who says putting a robe at 500 plat won't mean you sell more than if it is at 1 k or 2k. When I was getting POTC items I WAITED for the best prices, over days, while I continued to make more money. A person who put up a robe then at 500 plat would have sold it instantly to me, then he would have sold another instantly to another player doing the same. It makes a difference when players are not going to pay 2k. You seem to be of the mindset that I want to buy a potc kit and have unlimited cash, so if components are 2k or 4 k I'm just going to say "oh well I guess they are not going to get cheaper!" and buy them. I'm not going to do that, you can't force me into paying more than I can afford.

    I originally got my druid two POTC earrings, then I was much more frugal in getting my cleric one. I still have not bought one for my sk troll, in no hurry to pay a premium for the parts. I should start checking prices again, maybe I'll find some healthy competition and some bargains.
    You will sell more at cheaper prices because other players do the same thing, especially with twinks. If you have 500 plat to your name and see the robe for 500 plat, you buy the robe now. If you have 2 k to your name and see the robe for 2 k, you don't want to blow 2 k all at once on something that might get cheaper.

    Profit is profit and the bazaar is the only true realm of PVP in this game, as it should be


    Aandaie 56 Druid's Magelo
    Aaelandri 41 Cleric's Magelo
    Prittior 39 Shadowknight's Magelo

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    • #17
      I agree in "competing" for business.. but that only works if you have a near unlimited supply of product and constant buyers. However, you dont need to compete with someone else when they only have one for sale.. who might be just trying to sell for quick cash (see Ilona's comment posted early about those types of traders)

      I make anywhere from 0-4 sickles and sell every single one at 1800pp (or whatever reasonable price match I can find).

      PotC robes are down to 400pp. I think im going to sell off my components and just focus on arctic wyvern hide combines instead. Even if I dont make any profit, at least it will save my wrist from all that mind-numbing subcombine work.
      Bartox, 65 Monk
      250 Baking + GM Trophy
      250 Brewing
      250 Jewelcraft
      250 Pottery + GM Trophy
      250 Fletching
      250 Tailoring + GM Trophy
      244 Smithing

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      • #18
        Originally posted by Bartox
        at least it will save my wrist from all that mind-numbing subcombine work.
        Easy for you to say, you aren't brewing the tempers! :roll:

        ROFL!!!

        Celestial Essence is my life...


        Expert Chef Zabu Ghoulslayer
        61st Human Cleric of Karana
        Formerly of Rodcet Nife

        Magelo Profiles

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        • #19
          but you love the pay! dont deny that you dont! actually i make enough celestial essence as is for MCS combines... that would only quadrupal the combine amounts I need to do also for tempers
          Bartox, 65 Monk
          250 Baking + GM Trophy
          250 Brewing
          250 Jewelcraft
          250 Pottery + GM Trophy
          250 Fletching
          250 Tailoring + GM Trophy
          244 Smithing

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          • #20
            Originally posted by Bartox
            but you love the pay! dont deny that you dont!
            No question about that. You aren't saving much over retail, but I finally have a savings account!


            Expert Chef Zabu Ghoulslayer
            61st Human Cleric of Karana
            Formerly of Rodcet Nife

            Magelo Profiles

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            • #21
              prepare another run of 8 stacks of tempers!
              btw i wil be going on vacation end of this week...
              Bartox, 65 Monk
              250 Baking + GM Trophy
              250 Brewing
              250 Jewelcraft
              250 Pottery + GM Trophy
              250 Fletching
              250 Tailoring + GM Trophy
              244 Smithing

              Comment


              • #22
                Originally posted by Bartox
                prepare another run of 8 stacks of tempers!
                Woohoo! On it...

                Originally posted by Bartox
                btw i wil be going on vacation end of this week...
                Does that mean you need them BEFORE, or AFTER?


                Expert Chef Zabu Ghoulslayer
                61st Human Cleric of Karana
                Formerly of Rodcet Nife

                Magelo Profiles

                Comment


                • #23
                  go take a course in micro economics.

                  there is no differentiation in our products. and only the lowest price sells. there is no barrier to entry. that is a market called Perfect competition.

                  like i posted earlier, i price my items for sale at 1p lower then the lowest. this maximises my marginal revenue. and does not damage the overall market price. granted, i'm not competing in the solstice robe market (yet, if at all, hopefully arctic wyvern is a bit easier, but i havent researched it yet).

                  if pushed, i have no problem doing the full accounting, figuring out my marginal cost for each product i make and setting my marginal revenue at that point.

                  in a perfect competition there are no Economic profits made (Revenue - Explicit costs - implicit costs= Economic profits).

                  the only option to try and set the price is the formation of a Cartel, unfortunaltly one of the items that prevents a cartel is that we lack a barrier to entry. anyone can spend the time and become a tailor flooding the market with items that undercut ours, and many times drastically.

                  i have no problem cooperating with any of these measures, but as long as "lowest price" - 1 is greater then my marginal cost. that will be my price.

                  Klaumbazz Swampdorf
                  Swampdorf Basha, Rodcet Nife, His background
                  Khorneate Berzerkaer
                  Big Scary Bear!!, Rodcet Nife

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                  • #24
                    Originally posted by Lorddaeth
                    i have no problem cooperating with any of these measures, but as long as "lowest price" - 1 is greater then my marginal cost. that will be my price.
                    ... and as long as it's an item that (a hypothetical) I can be bothered making, then I will always match your price...

                    Hence the problems start... hypothetically both you and I will be checking our vendors often, you will always be undercutting by 1pp, I will be matching you. This will continue until you have lowered your price to your marginal cost, at which point I imagine you leave it there when I price match.

                    Why not just save the hassle for both of us and put the item up at your marginal cost in the first place? It would save both you and I a lot of time.

                    *Note: in this case I use an *I* where it could be any one of a large number of tradeskillers that do the "price match but not undercut" option from the list on the first page
                    Ilona - Gwenae - Amarantha - Deandra - Minim

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                    • #25
                      tell you what.. you make sickles and sell them to me for cost + 1pp.. and I will be glad to buy them all off your hands and resell at "market value"

                      have you guys noticed the price of solstice robes lately? BELOW cost... yikes... guess I will save the 6 robes i have for twinks to make earrings or sell earring sets... that just insane!
                      Bartox, 65 Monk
                      250 Baking + GM Trophy
                      250 Brewing
                      250 Jewelcraft
                      250 Pottery + GM Trophy
                      250 Fletching
                      250 Tailoring + GM Trophy
                      244 Smithing

                      Comment


                      • #26
                        Yes, I saw robes at 250pp when I last looked. That's the cost of the gem studded chain, assuming NO failures.

                        I'm glad I'm not making those any more
                        Ilona - Gwenae - Amarantha - Deandra - Minim

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                        • #27
                          Originally posted by Bartox
                          have you guys noticed the price of solstice robes lately? BELOW cost... yikes... guess I will save the 6 robes i have for twinks to make earrings or sell earring sets... that just insane!
                          Yeah, it's really icky. I always match the lowest price, though. When I started selling, they were at 700pp or something, and they've kept dropping to 250pp. I guess robes are just the byproduct of skilling up so they aren't concerned about profit in the first place, or something.

                          Level 70 Enchanter
                          Rodcet Nife

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                          • #28
                            In other news, I bought several sickles for my twinks for 300-500pp each last night.

                            My robes were 200!
                            Praetor, 65th Lord Protector
                            Ascent

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                            • #29
                              haha, there was a guy selling 80 robes for 75pp each.

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