Undercutting sell orders? TP flipping
You shouldent do it mate since each time you list there is a fee that you wont get back.
You shouldent do it mate since each time you list there is a fee that you wont get back.
Does this apply to items I sell in bulk? Say I’m buying 100 of an item and only 50 comes through at a time. Should I post 50, then when the other 50 comes through, post it on the same sell order instead of undercutting someone who may have undercut me during the time I’m waiting for the last 50?
The fee is a constant, 10% of your total value, and another 5% once sold.
That means every time you undercut someone, you pay that value again.
1 onion costs 1s50c
Fee is 15c
20 onions cost 30s0c
Fee is 3s
(That’s not the actual value of onions)
Picking a price is as much art as science and some of it depends on the market, on the quantities involved, and your willingness to risk. It also depends on what you mean by flipping. If you want a rapid turn around, you should list for something that is unlikely to be undercut — you trade off speed for profit.
If you don’t care so much about how long things take to sell, then don’t worry about undercutting as much. Everything eventually sells.
John Smith: “you should kill monsters, because killing monsters is awesome.”
You also should also consider if what you’re selling is a high or low volume item. If you’re selling elder wood and have 1000 sellers cheaper than you, you’re items will still sell quickly, whereas if there are 1000 cheaper sellers for your precursor, but prepared to wait a while.
You also should also consider if what you’re selling is a high or low volume item. If you’re selling elder wood and have 1000 sellers cheaper than you, you’re items will still sell quickly, whereas if there are 1000 cheaper sellers for your precursor, but prepared to wait a while.
Yeah, I usually go with items that sell a few hundred a day. I think I’ll try not undercutting for a while and see how it goes.
The fee is a constant, 10% of your total value, and another 5% once sold.
That means every time you undercut someone, you pay that value again.1 onion costs 1s50c
Fee is 15c
20 onions cost 30s0c
Fee is 3s
(That’s not the actual value of onions)
The listing fee is 5%. If you remove the items from the TP, you pay that fee. When you actually sell your items, the 10% exchange fee comes on top of that.
If you see someone undercutting you with 2000 items while you only list 30, and your guess is that it takes 2 weeks before your offer is the one that gets the instant purchaser, it might be smarter to pay the 5% and relist (which costs another 5%), depends on how quickly you need the money.
Herleve – Ruins of Surmia
Flipping isn’t really a good idea unless you are REEAALLY good at watching market trends, or you’re good at python programming to autonomously find patterns for you.
One thing you should probably look at is things involved in ascended crafting, and some of the metals. There is usually a MASSIVE crash in the order section every 3-4 hrs. Likely a result of Dragon’s Stand, Auric Basin, And Silverwaste getting farmed hard core. The worst part is this continues to get lower and lower because people often times just don’t pay attention, and will hit that sell button immediately.
Around that time is when you want to start buying in bulk, and trying to flip it. You minimize your losses, and maximize your gains.
Also, pay close attention to certain crafting materials, what they craft into, and how cheaply you can make it.
For the longest time, you used to be able to just buy a bunch of logs. Turn them into planks, and resell them and come out with a profit that was 9-times what you paid. People caught on though and that stopped being a thing.
(edited by Leo Schrodingers Cat.2497)
The fee is a constant, 10% of your total value, and another 5% once sold.
That means every time you undercut someone, you pay that value again.1 onion costs 1s50c
Fee is 15c
20 onions cost 30s0c
Fee is 3s
(That’s not the actual value of onions)The listing fee is 5%. If you remove the items from the TP, you pay that fee. When you actually sell your items, the 10% exchange fee comes on top of that.
If you see someone undercutting you with 2000 items while you only list 30, and your guess is that it takes 2 weeks before your offer is the one that gets the instant purchaser, it might be smarter to pay the 5% and relist (which costs another 5%), depends on how quickly you need the money.
Sorry, i flipped the 5-10% around.
My point was, though, that if you list more, you pay more, and you pay it again every relisting, so you have to consider when you stop cutting in the profits and start cutting in the base value