Guild Wars 2

SandraSolace.7682:

But if you don’t mind people undercutting you, why do you worry about it?

Also, it is not a rule of thumb as anyone is entitled to use the TP as they see fit.

If I need to get rid of stuff and don’t mind the loss I will undercut like a boss.

You are free to undercut by that much, but it is not smart business. You should never cut the price in half. A 10% undercut should be enough even in the most serious situations, otherwise you are just wasting money you could be earning. Just like you shouldn’t sell an item for just 1 copper more than the vendor price (by doing this you lose money due to the posting fees and such)

And also a rule of thumb is “a principle with broad application, not meant to be used in every situation” so by that definition it could be called a rule of thumb, at least for actually wanting to make money.

It is absolutely ridiculous how people will undercut by sometimes over half the current amount. For example I am flipping some armor that was worth 1 silver to sell. I come back an hour later and the order of sales go from 1 silver then immediately to 47 copper, then people keep undercutting by 2 or 3 copper, all the way until now it is nearly 30 copper (Only 1/3 the original price and this only hurts the people selling it for so low, I mean sure it is annoying for me but I can just hold on to the armor and sell when it comes back up)

I just can not fathom why anybody needs to undercut by so much. If you would just undercut by a copper or two, your items would still sell faster than the items above you. And yes, this item was selling for 1 silver before and people were buying reliably.

Moral of the story and to educate you people out there the undercut by far too much, DO NOT UNDERCUT BY MORE THAN 1 COPPER, that is just a rule of thumb, even with higher value items. All you are trying to do is make your item appear first on the sale list.

I apologize if this has been posted before, I did not see one or at least see one posted super recently.