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3-06-2010 @ 6:13PM
"I tend to either undercut heavily"... Congratulations. You are everybody I hate most in the WoW economy.Newsflash: If someone is looking for an item, if it's not drastically above market, they'll pay 50g as happily as 25g. So why undercut so hard when the buyer is just going to go for the cheapest item, regardless of whether the price difference is 100g or 1c?
3-06-2010 @ 6:26PM
Most of the time if it's only an undercut of 1c I get the more expensive item. I hate when people try to pull that sort of thing.
3-06-2010 @ 6:36PM
Why undercut? Two words: Roleplay Server. But then, I guess that WOULD fall under your criteria of "drastically above market", so...
3-06-2010 @ 6:41PM
I like telling the people i see doing this that they aren't undercutting me... they are just undercutting their potential profits... The people who do that are just starting anyway so i race them to the bottom because i have plenty of *Blank* you money.
3-06-2010 @ 7:46PM
I under cut so it sells FAST. the bottom scanner people snap up my stuff. this way i get my cash quick and they can sit on it for multiple reposts
3-06-2010 @ 8:59PM
Gotta agree with Sleutel 100%. Most people do not care which item they're buying, as long as it's the cheapest price. To those sellers who think they're doing the buyer a favour, or improving their own odds of selling their items quicker, they are dreaming. They only thing you accomplish with large undercuts is reduce your own profit margin. Oh, and it also exposes you as an terribly nooby seller.
3-06-2010 @ 10:27PM
I think this all depends on how much you are selling said item for. If you are grossly over-pricing and some one undercuts you, serves you right. If you are selling for a little over profite margine, and they undercut you, they are a moron. But if it is the later, that only works for the smart seller. You buy out those items the idiots are selling for cheap and you re-post for greater profit. Then, not only do you make profit, but you control the value of the item you are trying to sell.
3-06-2010 @ 10:43PM
Why undercut? That deserves its own post. Long story short- any economics 101 course will tell you that lower prices means more volume, and that can mean more overall profit for me. While you sell something with a 20g margin once a day, for example, I could sell something with a 15g margin twice a day, meaning I make 30g where you were making 20g.
3-07-2010 @ 12:23AM
@Basil Berntsen:The question is, would you have sold the same volume at a higher price? In the case of WoW, people generally have pretty static demand; they're not going to go nuts and buy 100 more Silverleaf just because you listed it for a lower price. So when you drastically undercut, you fuck yourself, AND you fuck everyone else--ESPECIALLY people with smaller inventories.Why sell 100 items for 1g apiece when you could sell 100 for 10g apiece?
3-07-2010 @ 8:44AM
Demand is never static. People buy what they can afford, and make so with something else if they can't. I've never been in a situation where lower prices didn't mean higher volume.
3-07-2010 @ 11:25AM
@Basil Berntsen:The problem is, WoW isn't real life. There are no basic needs to be met like food, shelter, clothing, medical care, etc. All income is disposable income.If someone needs flasks for raiding, they need those flasks regardless of how expensive the Frost Lotus is. If someone needs chant mats for their new gloves, they need them regardless of how expensive the Infinite Dust is.You say that this has always worked for you in WoW. You know what has always worked for me? This rock that I carry around to prevent bear attacks! I've been carrying it for over a quarter decade, and I've never once been attacked by a bear.
3-07-2010 @ 2:04PM
Except people don't NEED any of that. Hardcore raiders with a lot of cash will drop for the expensive stuff, but Average Joe Heroic relying on dailies and vendor trash will sooner just get a different enchant or a blue gem than drop the several hundred on that Majestic Zircon or Major Stamina.
3-07-2010 @ 2:14PM
@IsWhosit:Then sell them the cheaper blue gem at market price.
3-08-2010 @ 11:30PM
I have no issue with deep undercutters. I simply buy their product, mentally thank them for their donation, and laugh all the way to the bank. People who do this keep me in business, and out of having to farm.
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