Showing Posts For Eromis.9405:

Adjusting auction prices?

in Black Lion Trading Co

Posted by: Eromis.9405

Eromis.9405

On a sidenote, don’t be overly concerned about being undercut. With this being a global economy, items go up and down in price rather frequently. I’ve found myself to be undercut severely at times, only to come back the next day to see that the price has gone back up to higher than what I posted it and my items have been sold.

Find a good median, and don’t be afraid to post items a little bit higher than what the lowest price is at the moment. You have a large amount of people buying, and with patience most items will sale.

Hidden Listing fee

in Black Lion Trading Co

Posted by: Eromis.9405

Eromis.9405

There is a 5% listing fee, or downpayment you make to post onto the Trading Post. After an item says there is an additional 10% sale fee.

This means in total you are paying 15% of whatever you plan on making back to the Trading Post.

This is to stop easy turn around of people buying items at a low price, and selling them barely higher to net small profit in large amounts.

Always intend to make more than 15% profit if you plan on buying and reselling.