Guild Wars 2

So, all you undercutters out there selling items on the trading post for 20 silver less than the lowest selling price.

Please stop!
You’re not only missing out on extra gold that you could be making but also you are causing a more rapid depreciation in the value of items on the trading post.
Many things are already quite worthless on the trading post but seeing valuable items drop by 20 silver or more in value breaks my heart.

So… in summary,
Undercut by 1 copper. You’ll be doing yourself a favour by getting more money and doing the world a favour by preventing prices from dropping dramatically.

Edit: Thanks, SET!

No really, someone else will simply undercut me by 1c. If I undercut by 20s, they have to think twice before doing so. Do they want to take the loss, or do they want to undercut me? Or they could buy me out, which I want, faster sells, higher return on my investment.

Kid Taylor.5479:

No really, someone else will simply undercut me by 1c. If I undercut by 20s, they have to think twice before doing so. Do they want to take the loss, or do they want to undercut me? Or they could buy me out, which I want, faster sells, higher return on my investment.

Most people don’t even look at the amount the second lowest seller differs from the lowest. (I am talking about people who buy for using the items)

So all you do by undercutting by 20s is adding a huge bump into the road as the person after you will simply undercut by 1c again (if he has a clue). As again while using the quickselling screen you will only see the lowest value listed. Not that the guy before you undercut by 20s.

So your argument is flawed beyond reason. I always shake my head when I see those prize bumps. You won’t sell faster or hinder anyone from undercutting you.
All you are doing is drive down the value of the item.

Kid Taylor.5479:

No really, someone else will simply undercut me by 1c. If I undercut by 20s, they have to think twice before doing so. Do they want to take the loss, or do they want to undercut me? Or they could buy me out, which I want, faster sells, higher return on my investment.

Kid…
You don’t know if someone else will undercut you or not… 1c or 20s.
I normally undercut by 1c, else I’ll lose profit.
If someone undercuts me, it doesn’t bother me much. My stuff normall still sells; unless it is not a highly desired item.

If you undercut by 20s, I have 2 options.
1) I still undercut you by 1c if the profit margin is there. I’ll still get my stuff sold first.
or
2) I wait for your stuff to sell first. Then, I post my stuff at a 1c undercut and make more profit than you…

Either way, your ROI is less… unless your product doesn’t sell at all.
- my opinions of course

Well certainly, the only people whom this will hurt will be the people who trade said item regularly. I am betting that the people who are going to want to sell immediately have a low supply and just want to get a few pieces of silver quick. They will not amount for much of the competition against me.

I am also betting that the serious traders who are trading at as great a loss as me and have great supply are in the minority, and will hold their supply before cutting my 20s by one copper. They will also be unlikely to do it again as in the long run, they will likely adhere to Lumures’ logic.

I always undercut by 1c. I really don’t get this 20S or whatever that these people do. It just seems they leave a lot of profit on the TP. If I can make a profit, I have no reason not to only do the 1c.

Kid Taylor.5479:

Well certainly, the only people whom this will hurt will be the people who trade said item regularly. I am betting that the people who are going to want to sell immediately have a low supply and just want to get a few pieces of silver quick. They will not amount for much of the competition against me.

If they just want quick silver they would sell for highest order and not undercut for 20s, undercuting this much really messes up the AH

The price one player chooses to charge can’t affect the overall market price. The market price is the price at which the market clears. If someone charges below market price (or, in this instance, more than 15% below) someone will buy and re-list, or an end-user who otherwise wouldn’t have bought it will buy it. If someone charges above market price, you’ll be undercut.

Personally, while I’ll undercut by 1c if I’m just selling trash loot, I typically undercut by 10% if I’m taking profit on an investment. I want to make sure it sells SOON, rather than getting lost in all the undercutting that is likely to follow a high offer. I don’t know where the market price is going, so better safe than sitting on inventory and having to take an even bigger loss later.

You may want to consider the possible motivation of the player that’s doing the undercutting…..

SOME players undercut so that they can sell their goods quickly. These are the 1c undercutters in most cases.

SOME players are trying to manipulate the market. These players are taking huge risks, hoping to reap HUGE rewards.

SOME players want to drop the price temporarily so that they can BUY more items at a lower price, then resell them. As stated above, when selling in the trade window, you only see what the lowest price is, so unless the player trying to sell something researches whether that’s a good selling point, they may just undercut the current sale price. So, in the example of the guy that undercut you by 20s, what has he done? He has set up a price point for people to undercut him. That may be EXACTLY what he wants. He may have calculated that that large of a price differential was worth him paying the 5% listing fee so that he can get “suckers” to undercut him. Once he has a few people undercutting him, he’ll pull his order, then buy all of the lower priced stuff. What essentially happens is a false temporary floor gets put in trying to lure in the undercutters that just want to list their items quickly to get them sold. He succeeds. People undercut him, then he reaps the rewards by buying up the stock lower than his price and relisting it at a higher price.

It’s actually a pretty brilliant strategy. Don’t assume this player that undercut you by 20s didn’t calculate that exact number to achieve his end goal.

Intersting theory Charismatic Harm. That could very well work, depending on the price of the item and the 10-15% fees (depending who you ask). Though I will say, I’ve seen my fair share of 20s drops just sitting there on the “to sell” list along with everyone else.

However in this case…

Kid Taylor.5479:

Or they could buy me out, which I want, faster sells, higher return on my investment.

I don’t think this was Kid’s intent… unless he’s lying.

Undercutting by a large amount is only feasible if there is a large gap between sell offers and buy offers. So, obviously, the market hasn’t agreed on a reasonable price yet. In that case, maybe a drop in the market price is exactly what is needed to raise demand. Otherwise, demand will most likely consume the “special bargain” priced goods almost instantly and the lower price plateau will never have a chance to stabilize.

All in all, this seems to me to be just another discussion spawned by a huge over-estimation of the impact of a small number of actors on a global market. Just my 2 cents.

John Smith.4610:

This looks like a place for Game Theory

Please, John, don’t scare the kids.

~MRA

@JSmooth:

The only fee that someone trying to temporarily manipulate the market needs to take into account is the 5% listing fee….at least in my example above. That player doesn’t intend to actually SELL the item, they only want to LIST it so that people will undercut him.

Once he gets the number of undercutters he wants, he’ll pull his listing and BUY!!!

I wonder how many people will try doing this now….and how many of those people will come back complaining about how they lost all their money.

The theory I described above CAN work, but it involves risk and analysis. If anyone tries doing it without understanding the risk, or without doing the research, don’t be surprised if you lose your shirt.

@Charismatic Harm:

What i meant was…
The person “manipulating” the prices will buy these reduced items then post them again to sell at a higher margin. That higher margin has to compensate for the TP fees or the player will not make a profit due to having to actually buying the item first (to be resold).

but YES, it can work. There are probably people out there using this method right now.

Charismatic Harm.9683:

@JSmooth:

The only fee that someone trying to temporarily manipulate the market needs to take into account is the 5% listing fee….at least in my example above. That player doesn’t intend to actually SELL the item, they only want to LIST it so that people will undercut him.

Once he gets the number of undercutters he wants, he’ll pull his listing and BUY!!!

I wonder how many people will try doing this now….and how many of those people will come back complaining about how they lost all their money.

The theory I described above CAN work, but it involves risk and analysis. If anyone tries doing it without understanding the risk, or without doing the research, don’t be surprised if you lose your shirt.

What JSmoth meant was that the artificially created gap must void the 15% fee that the buyer has to pay (in total) after he bought the goods and sells them again for profit.
If that profit is not over the 15% range all that maneuver did was generate a loss and raise the floor that the manipulateur lowered himself. So you have to undercut by a huge margin, hope that someone else undercuts you again before your product is sold, and than wait (hope) for others to adjust their prizes before the floor is raised again.

The OP statement is incorrect, should be "20s less than the lowest selling price. Also, it should be relative value instead of raw. Undercutting by 20s considering the price of precursors or legendary is nothing.
On the items i’m usually trading with, i undercut by 1c. If i see someone undercut me very much (let say more than 10%) with a single or few items – usually i buy his listings with low or no loss. As a regular trader on this item i know the fluctuation and the worth of it. I’m trading mostly with cheap items with high fluctuation. Such a “brilliant strategies” with low cutting traders, trying to drop the prices doesnt work, while i’m online.
On the items i got as a drop i undercut more ( but almost never by more than 10%). Depend on what i’m trying to sell – what is the buy/sell margin and how much listings are on the TP. Huge margin with large supply usually means low demand – if you undercut just by 1 copper you will be undercut for sure and you even risk the price fluctuation not to peak to the same level again.

As a seller, I love when people undercut further than 1c. It lets me know that that item is no longer profitable to make, so I don’t (reduce supply) while it gets bought up. When its profitable again, I’ll make it.

So the price goes up and down according to the market. That’s awesome. As an example, crafting and then selling exotics sometimes gets me up to 60s profit. I would rather craft the 10 exotics that are worth the 60s and ignore the other 32 that aren’t rather than craft 42 that all say they’re profitable but have a ridiculous supply, so I’d have 5 of them sell before having to relist. As is, I have to relist about 15% of exotics, meaning about 15% get undercut by enough people that it won’t sell for a week.

If everyone kept undercutting by 1c or not undercutting at all (like you suggest), we’d have 100 unsellable things piling up on each other, with tons of people still thinking it’s worth it to try and get in the market so they keep increasing supply. Then if you try to sell anything instead of being maybe 3 or 4 in a market that just became profitable, you’re part of hundreds who are all trying to get their stuff to sell.

That would suck

Eh, undercutting over 1c is pretty smart to be honest. In a market like this, you’re gonna get undercut over 1c easily if you don’t put a huge gap between your item cost. Contrary to what most people think, a lot of smart sellers DO check the current instant buys (I know I do) and if you’re selling an item in the for a few gold, its a lot more profitable to sell something which is 5s lower than the current price and get it sold quick, then to sell it at 1c lower and get it undercut quickly and never sell and be stuck on the trading post and loses the listing fee if you need to relist. All in all this technique is pretty situation of course.

I’m a high volume trader and I DO think twice about undercutting someone after they’ve done a big markdown in order to sell faster. Since it’s highly unlikely I’m the only one that does so, marking items down by more than 1c is obviously effective at what it is meant to do.

If I have something to sell and I see stuff up at 2s, with people buying at 1.5s, then one guy selling some small amount of stuff at 1.8s, I’m not undercutting the 1.8s guy. I’ll just put mine up at 1.99s and let his clear. Sometimes they had the right read on the market when they do this too. Theirs sells, the stuff I put up for 1.99s doesn’t, then people start undercutting me.

In the case of lower volume stuff that’s 5g+, I sometimes undercut by more than 1c myself depending on the situation.

There’s a lot of different ways to play the market and it’s foolish to limit yourself to only some of the avenues to do so. MOST of the time, undercutting by 1c is the way to go. Certainly not all the time however.

If someone undercuts by a larger amount, AND still gets undercut themselves, AND the items below them and then theirs don’t clear, AND they still have to relist even after the big undercut, what was available was obviously quite overpriced to begin with. That doesn’t mean they were wrong to undercut by a lot, it actually means they didn’t undercut by ENOUGH.

In the case of lone items I’m not trading in, I do it all the time. If I have some random drop in my inventory that has buys in at 87c and lowest sell at 1.12s, I’m quite likely to just throw it up there somewhere in between. I don’t know which way the market is heading and I hate when I’m looking through my sell list and see a single item I listed 2 weeks ago for 1s still sitting there because I only undercut by 1c when the market moved down by 9c or something.

Minion of Vey.4398:

I’m a high volume trader and I DO think twice about undercutting someone after they’ve done a big markdown in order to sell faster. Since it’s highly unlikely I’m the only one that does so, marking items down by more than 1c is obviously effective at what it is meant to do.

If I have something to sell and I see stuff up at 2s, with people buying at 1.5s, then one guy selling some small amount of stuff at 1.8s, I’m not undercutting the 1.8s guy. I’ll just put mine up at 1.99s and let his clear.

THIS…..is exactly what smart sellers do. They do their research and make every attempt not to let potential manipulators impact their profits. This even comes into play if you’re matching the lowest seller. When I see that 1 seller has 1 item listed at the lowest sell price, it raises a red flag for me, so I check out the full list of sales. If there are a dozen listings for 1 item, I’ll actually list mine for where the “real” break seems to be. I’m fine letting 12 items sell before the items I’m listing. That means that I’m making more money. This, too, is a risk though. If other sellers DON’T pay attention to how much they’re selling their items for, I could list a bunch of mine at a much higher price than what that other seller is selling his/her “bunch” of items.

To sum up…..smart sellers actually pay attention. :-)

Doesn’t anyone around here consider the possibility that actual buyers are also a limited commodity that the ever increasing number of flippers are competing for?

To give my point of view, I’ll give a recent real life example:
I saw that the Snowflake ori trinkets were underpriced compared to other exotic trinkets (MF them into commendations). At the time, there were sell orders for 2.5g and buy orders for 15s (yes, 15 SILVER).
I placed buy orders for 10 of them at 16s and 1 of them at 1.5g
the 1.5g buy order would go through almost instantly (wait a few minutes later, then place a new one). the 16s buy orders? NOT ONE
prices kept going up, pretty soon buy orders were around 70s.
again, I placed several buy orders at 71s, and 1 at 90s. The 90s would again go through almost instantly and only a couple of the 71s would go through.

John Smith is right: people absolutely look at the spread and if there is one that’s way out there, they will seize on it.
I’ve had times when I was looking to sell lots of 1 crafting material, saw a sell order for half of the next lowest, bought it, then sold everything for just below the new lowest sell order. This is what the OP said is the problem: but that guy actually sold his, and he wouldn’t of if it wasn’t so underpriced (I would of undercut him instead)

I only wish it was easier to switch between the sell screen and browsing items screen, to make this research easierly I made up that word available

One more point: sure, it’s good to get the highest price. But let’s consider a different example:
you’re in the business of buying crafting materials and selling the crafted item.
You spend 1g on your materials and see that you can sell the crafted items for 2g.

Now, if you list it at 2g, it might take an hour for that sale to complete. You would make 1g in 1 hour.
If you list it at 1.5g, that sale will go through in 10 seconds. You’ve just made 0.5g in 10 seconds.

Now you get to buy 1.5g worth of crafting materials, make the items, and sell them for the greatly discounted price of 2.25g instead of 1c undercut price of 4g, which will again go through in 10 seconds.
1.25g profit in 20 seconds instead of 3g profit in 2 hours.
MUCH higher profit in the same time (1.25g/20sec = 225g/hour)

Sometimes, making gold faster with a big undercut is just better than making a lot of gold very slow… (only for the farmer)

I see a LOT of great ways to make money on the Trading Post. Most of you actually KNOW what you’re doing….and seem to be playing in different markets.

As Nash and Mystic have stated…..

Sometimes making a little bit of profit a LOT of times is better than making a LOT of profit once.

With Mystics example, they’ve found a market where the sell price is much greater than cost to craft the item. They list is much lower than the sell price. Someone else sees that item and decides to “flip” it. They sacrifice profit to get the money now and let someone else work to get the higher profit. I saw this ALL the time in GW1. SO many people trying to eek out that higher price, standing in town all day long waiting to sell…..I’d hop in, undercut the crap out of them, sell my stuff and bolt…..most times, I was selling to the other person selling, lol.

I doubt most players are undercutting just to buy it at a lower value.
Like the globs a couple months ago.

People undercut by almost a silver at times, their 100 sells pretty fast, or their 300 sells very fast. Yet, I put mine right at the one that is right at the “normal” price range and I sell nearly instantly too. So, with no effort, I made a bunch more in profits than the guy who wants to sell quick. I sold quick too. lol but I made more.

Most of those people are just clueless

Undercutting by a ‘large’ amount (or placing a buy order for substantially more than the current offer) is a play to create a quick sale in what is otherwise a very low velocity market, without taking the short end of the entire bid/ask spread.

It only makes sense in a small market (with a small number of buy and sell offers) and a huge spread, which signifies that the item is very illiquid and any buy or sell offer will move slowly; it might takes days or weeks for you to buy or sell your item at listed rates. Placing a sell or buy offer much closer to the center is a distortion that people will jump on.

For example, on quite a few obscure rare or exotic items the buy offers are less than half the price of the sell offers. If I happen to find one with such a large spread, I’ll usually undercut by 10% or so – I don’t want to be sitting there waiting for it to sell, especially in such a small market that can fluctuate like crazy. A little more than 10% is usually enough to get it to move quickly, while still making nearly twice what I would selling to the highest offer.

If I really wanted it to sell instantly, I’d offer it for >15% off the lowest sell order, to offer an arbitrage opportunity to someone willing to wait for it to sell.

Undercutting at all doesn’t make sense in GW2 tp. You bring the price down, next time you sell it you will sell it lower.
Someone said once that you do not need to undercut because the last guy who listed at that is the one who gets the sale first for that price. Is this wrong ANet?

but anyways, I never undercut, I prefer to keep selling high than selling fast. Everything sells within one day anyways…

I’ve been undercutting by 1 copper since I started selling on the TP. But I have since learned the errors of my ways.

Now I undercut by 2 copper.

There is a weird thing I see pretty routinely, and that is that some item or another will have many sales listings, with many of the low prices being close to each other, and those items will be there for quite some time without any of them moving, but then within 5 seconds of me listing that item and undercutting the lowest price by 1 copper, my item will sell. It seems to happen far too often to just be coincidence. (In a lot of cases I’m talking about exotics that do not generally move very rapidly, too.) I’m not really sure what is going on, because generally this happens with items that I bought cheaper with a buy order and made a pretty decent profit on, and I’ll just have another to post soon after one is bought. The second one generally does not get purchased right away like that.

The TP in this game just seems fishy in general. I know it’s cross-sever and thus there is a lot more activity than a single-server one like what exists in most MMOs, but I just see a lot of weird stuff like that.

Anyway, as for the topic of this thread, sometimes if you post something low enough and it’s a single item, you won’t get undercut because some people will assume (sometimes correctly) that only one is going to be listed at that price, so there is no sense in them trying to undercut it if they are selling a large volume of that thing, whereas if you post something for 1c less, they’ll just swoop in and undercut you for another 1c if they have more to sell. (I know this definitely happens, because sometimes I am the person making that decision on the other end, and sometimes I will, in fact, choose not to undercut something if one item is listed at a substantially lower price. I’ll just wait for it to sell.) You can never really be too sure what the other people will do, though, especially when there’s really no good way to tell who they are.

It kinda depends if you know where the price goes.
-1c all the way if you know it will be going up. Or wait if you know it will be going much up.
cut off more or even sell to buyer if you know the price is going to crush into oblivion very fast(example: I got slingshot skin and sold it to order for 1.6 G because I knew it will crush almost instantly – and it did)

Deathful Dante.1239:

Undercutting at all doesn’t make sense in GW2 tp. You bring the price down, next time you sell it you will sell it lower.
Someone said once that you do not need to undercut because the last guy who listed at that is the one who gets the sale first for that price. Is this wrong ANet?

but anyways, I never undercut, I prefer to keep selling high than selling fast. Everything sells within one day anyways…

I want to make the nature of this trading post clear:
player A posts an ecto for 30s
player B posts an ecto for 29s99c
player C places an instant buy for an ecto, they pay 29s99c to player B
player A’s ecto is still on the TP

A different situation:
player A posts an ecto for 30s
player B posts an ecto for 30s
player C places an instant buy for an ecto, they pay 30s to player A
player B’s ecto is still on the TP

not undercutting /is/ easier (just click check box and submit), but you won’t sell your item as quickly. you would need to wait until all of the current items at that price are sold before yours is sold. Now, that usually does happen quickly with highly fluid items. But let’s say you’re trying to sell something less fluid; maybe precursor? Not a whole people buying those at the sell order prices, so if yours is 4th in line to sell at that price, it may be a couple days/weeks/months, and someone may come in at 1c lower /after/ you post yours, so yours may never sell if the price goes down.

well i can say i see a Exotic weapon Near 4g i sell it for the same price there selling it for. guess what undercut by 2g 30s 99c no more Exotic’s for the TP there going in the trash aka Vender/Globs have fun with the TP I’m done with it.

The TP is a joke for the most part.

Between the 15% tax and the imbeciles that list items for less profit than if you just sold to a vendor, I don’t even bother with the selling side any more either.

MacLeod.5386:

The TP is a joke for the most part.

Between the 15% tax and the imbeciles that list items for less profit than if you just sold to a vendor, I don’t even bother with the selling side any more either.

Yeah, what’s with the listing fee? Does it simply exist to prolong the grind or something? Couldn’t be that though, Anet doesn’t make grindy games. >.>

crewthief.8649:

MacLeod.5386:

The TP is a joke for the most part.

Between the 15% tax and the imbeciles that list items for less profit than if you just sold to a vendor, I don’t even bother with the selling side any more either.

Yeah, what’s with the listing fee? Does it simply exist to prolong the grind or something? Couldn’t be that though, Anet doesn’t make grindy games. >.>

massive gold sink.

Massive Important Gold Sink

Oh boy! This is one of my favorite topics

Believe me, there are many, many uses for massive undercuts!

Some of the variables to consider are high volume vs. low volume markets.
Example: Highest buy order is 65s. Lowest sell order is 3g. Total market volume is <50.
This is the common arrangement of a low volume, high cost (relative) item.

Do you sell for 2.99g?

There’s lots of questions to ask yourselves when considering your sale prices, something that volume traders for the less crowded markets (that don’t work in things that stack to 250 ) have to ask ourselves every few seconds.

What is the “fair” value of this item? If I were a character in need of this item, what would I pay? Moreover, what type of potential value does this item have? Would that trend up or down? What are the ways to create this type of item?

You may find that in many cases, the significant increase in likelihood for your item to move is worth far more to your bottom line than absorbing every copper coin out of a given transaction.

There’s less incentive to undercut heavily in high volume markets, but as the market approaches the extreme where it becomes a common “currency” item, or an item that is essentially as liquid as money, there are many ways to take advantage of human nature, or the tendency to list without looking. Therein lies another few creative uses of undercutting

Try not to think of the market as an environment where a “do this, don’t do that” mentality really thrives. You can set standards that govern your own trading principles, but just be aware there are many specific uses for other tactics.

crewthief.8649:

MacLeod.5386:

The TP is a joke for the most part.

Between the 15% tax and the imbeciles that list items for less profit than if you just sold to a vendor, I don’t even bother with the selling side any more either.

Yeah, what’s with the listing fee? Does it simply exist to prolong the grind or something? Couldn’t be that though, Anet doesn’t make grindy games. >.>

The listing fee is a critical mechanic for making the trading post work.

Let’s ignore the fact that it’s a gold sink for now, even though those are necessary to making an economy run.

What are some of the things that we can do in the absence of the listing fee?

For one, I would be able to use the TP as an unlimited storage. I would simply post whatever I want to store at 999g , essentially mitigating the risk of it selling, and remove it whenever I want it back. This makes the TP a bank, something that makes the actual bank pointless.

This would be a disaster to the TP in many ways, as suddenly the highest priced things would just look ridiculous. There would be a massive increase in volume of data for the TP to process, increasing server load and decreasing user-end reliability.

OK, so for the sake of argument let’s suppose there’s a way around that too.
Every account is limited to 20 slots, making the use as a bank very limited, and directly detrimental to your ability to sell.

Now I approach actual selling of items: What incentive do I have to list a fair price? I would simply list whatever price I want, knowing that it costs me nothing to re-list it. Right now, the reason items tend to be priced more fairly is because there is a penalty for re-listing. You want to offer the best price available because you don’t want to be undercut repeatedly, rendering your item stuck on the TP (unless you pay the 5% again to list it). In the absence of this listing fee, the market would just be a spam of people un-listing and re-listing : again, increasing server load exponentially and decreasing user-end stability.

In short: Why do we need the listing fee?
Because it is essential to the smooth operation of the trading post.

if nobody spams 1c undercuts every item will still sell

The problem is not the listing fee and fixing the problem would be simple.

Make it 16% NET above vendor as the minimum listing price, at least players might be able to maintain a mere 1% profit then, while ANET still gets their “superstore” style tactics market share of our profit.

As far as the TP and crafting goes, it’s only worth having the crafting professions to make items for you or your guild currently.

I get the importance of a gold sink, but I can only figure that the fees, and players ignorance of them, are what is causing crafted items to sell for less than their component parts.

There are many recipes where I can sell the mats and buy the crafted item and make a profit over just crafting the item for myself. It’s kinda ridiculous.

I can only figure that this is happening because people aren’t paying attention to how much their mats are worth and (more likely) how much the house is skimming off the top.

People continue to craft and offer the items on the TP at a loss. That could make sense if you’re just trying to level your craft quickly, but they are doing it with level 400 items!

Gibson.4036:

I get the importance of a gold sink, but I can only figure that the fees, and players ignorance of them, are what is causing crafted items to sell for less than their component parts.

There are many recipes where I can sell the mats and buy the crafted item and make a profit over just crafting the item for myself. It’s kinda ridiculous.

I can only figure that this is happening because people aren’t paying attention to how much their mats are worth and (more likely) how much the house is skimming off the top.

People continue to craft and offer the items on the TP at a loss. That could make sense if you’re just trying to level your craft quickly, but they are doing it with level 400 items!

I suspect that it happens mostly because people aren’t valuing materials that they have gathered themselves at market rates. They are making a profit in that the transaction gains them gold, but don’t necessarily realize that they could be making more money by considering the market value of their gathered materials.

first off, i want to say i don’t powertrade…i’m not good enough.

so with that aside, when i get rares/exotics i want to tp, i sell them with a certain scaling % from the highest sell order in order to get my coin back to me faster. i figure the faster i get my coin, the faster i can get it to make more money for me(niche crafting markets- i buy raw mats and craft for 100-200% roi while i dungeon)

kiba.2768:

first off, i want to say i don’t powertrade…i’m not good enough.

so with that aside, when i get rares/exotics i want to tp, i sell them with a certain scaling % from the highest sell order in order to get my coin back to me faster. i figure the faster i get my coin, the faster i can get it to make more money for me(niche crafting markets- i buy raw mats and craft for 100-200% roi while i dungeon)

I wish I could get that sort of ROI from the items I craft, but I guess I’’ll just have to be happy with getting 25-30% (after fees).

What I try to do when I undercut is to find a value that has some “appeal” to potential buyers. I figure that if someone is on the fence about whether to buy a particular piece or not, then using the old retail trick of ending the price in 95 or 99 may help swing them towards making the purchase.

Astraea.6075:

kiba.2768:

first off, i want to say i don’t powertrade…i’m not good enough.

so with that aside, when i get rares/exotics i want to tp, i sell them with a certain scaling % from the highest sell order in order to get my coin back to me faster. i figure the faster i get my coin, the faster i can get it to make more money for me(niche crafting markets- i buy raw mats and craft for 100-200% roi while i dungeon)

I wish I could get that sort of ROI from the items I craft, but I guess I’’ll just have to be happy with getting 25-30% (after fees).

What I try to do when I undercut is to find a value that has some “appeal” to potential buyers. I figure that if someone is on the fence about whether to buy a particular piece or not, then using the old retail trick of ending the price in 95 or 99 may help swing them towards making the purchase.

95, 97, 99 totally get me to buy haha.

here’s a hint to my roi…don’t make max lvl gear. people who are 80 are less likely to buy anything BUT rares/exotics. people who lvl(not yet hit the ‘dead zone’ where they want to craft to lvl to 80) in open world pve need blues/greens and don’t think twice about making 1-5s purchases every 10 levels. that’s all i’m gonna give you..hope it helps. also, a diversified portfolio is helpful as well as being patient with buy orders.