Pricing Changes gonna hurt

[Mdaisy]

I love the undercutters.... on brell recently we have been having people selling picnics for 7 & 8 pp each while the normal price is 12-15. I spent several thousand plat to buy out the undercutters and then set the price to 12 pp. I sold all my inventory over the weekend and made a nice profit of about 5 pp each and didnt have to do any of the work.
I was also in a bidding war recently with a trades killer (oops) that wanted to have the lowest price so his items would sell... he started at 10 pp so I lowered mine to 10. Sent him a tell to let him know... next thing I know he is at 9... lowered mine to 9 and sent a tell about how low will you go... well he dropped to 6 pp and I brought him out... so nice..

[Liwsa]

The law of supply and demand is if the supply is greater then demand lower your prices. If demand is greater then supply then up your prices. However if things are selling steady then keep prices the same.

[Meryddian]

I was also in a bidding war recently with a trades killer (oops) that wanted to have the lowest price so his items would sell... he started at 10 pp so I lowered mine to 10. Sent him a tell to let him know... next thing I know he is at 9... lowered mine to 9 and sent a tell about how low will you go... well he dropped to 6 pp and I brought him out... so nice..

Nicely done.

Solstice robes have become the choice way to skillup for tailoring (easy to get ingredients etc) and on my server the price has stabilized around 350-400p. The other day I had too many in inventory and went to sell some to an NPC vendor (of course I choose a vendor who was so commonly used that his offered wares were full) ... was the first time I'd ever sold CSRs to a vendor and about died when the NPC offered me like 5sp for it.

I see the value of having NPCs being willing to pay less to buy the item than you spent to make it, because then obviously you could just gain wealth through tradeskilling/sell back, versus Bazaar, which is the point of tradeskills. However, there seems to be a lack of sensibility in how they "fixed" some prices to prevent this. Come on, 5 SILVER as an NPC purchase value of a robe that costs over 300 PLAT to make (this is assuming to purchase all gems, not save up from exp groups). My guess on this robe is that because the various gems drop in exp zones, so conceivably you could make this robe for under 10 plat of out-of-pocket cost ... but realistically, who does? I guess if I was completely flat broke I'd look into farming materials to do so, but probably 97% of the robes made out there were done using store-bought materials. If you're broke and in need of cash, in some ways you're better of selling the gems direct to an NPC vs. using them to attempt the robe.

People agreeing to set a given price is one thing, but Bazaar prices boil down to one thing - people have an idea about what they're willing to pay, and they will only go so high above it. So long as somebody is willing to dish out cash to get something in a hurry, the market will support those prices. Even if I didn't have my own shaman, I'd never pay above 100p for a 10-dose Blood of the Wolf unless it were an absolute dire emergency; and yet other people don't blink an eye about coughing up 250p for the same.

The bad bazaar players are the ones who think that because the end product sells for high amounts of plat, that tradeskillers are willing to dish out nearly as much (or more) than the resell value to buy the subcomponents. Now, if something was rare and I really coveted the tradeskilled item for myself, sure, I'd pony up some cash to be able to make the attempt(s). But if I'm looking to tradeskill items for resale, then there's no way that I'd pay overinflated values unless the success rate leans enough in my favor that I can reasonably expect to make at least some margin of profit, even with failures factored in.

[Aethn]

The bad bazaar players are the ones who think that because the end product sells for high amounts of plat, that tradeskillers are willing to dish out nearly as much (or more) than the resell value to buy the subcomponents.

That would be the greedy morons who sell LDON smithing drops for 200pp-300pp each, even though the armor MIGHT , on a lucky day when the moon is lined up with jupiter and there is a green bus going 20 miles an hour east bound while a chimp is driving it, MIGHT sell for 200 -275 an COMPLETED item with the other 25 vendors with teh same exact item for sale for even less.

And they wonder why people send them nasty tells or constantly /duel request to them.

[Lilosh]

Originally posted by Aethn
That would be the greedy morons who sell LDON smithing drops for 200pp-300pp each.

They are not morons if people pay it.

Greedy? Perhaps.


-Lilosh