The last time someone told me to stop under cutting them I told them to meet me in gurubashi arena and make me
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Nah.
I fondly remember the time I looked at a penny on the ground and realized that it truly was not worth my time to pick it up. At the rate I earned pay from a job, I earned way more per 1.5 seconds than I could have gotten from picking up the penny.
It was a neat feeling.
I picked up the penny anyway. Hey, I was already earning from my job and could multitask for 1 cent more!!!
(CSB: It was a 1999 Wide “AM” cent. In it’s condition of about AU-50, I might be able to get 5 bucks for it on eBay. Not bad. It’s in my collection now!)
I guess I have to ask, what is the point to selling? Are we trying to empty our banks or make a profit?
If 10 people need the item. 10 people will buy, regardless of price. And if only 10 people are going to buy, would it be better to make 100g or 5g?
I think approaching the AH specifically with the goal of “selling” or “making people cry/getting attention” is counter-intuitive to the purpose of listing things. Which is making cash.
I undercut plenty to move things up the list. But I don’t tank the price below vendor cost as some do.
I just enjoy those conversations, specially the sellers whom are mistreating or arguign against the op, they actually think they know how economics works lmao.
It is pretty simple, his sales covers his in game needs. That might surprise you folks but most people dont value virtual currencies, do not care about the ugly expensive mounts and would earn way more gold if they took the neighbour’s dog to a 10-30 minute walk isntead of WASTING TIME checking the virtual video game AH. 
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I fondly remember the time I looked at a penny on the ground and realized that it truly was not worth my time to pick it up. At the rate I earned pay from a job, I earned way more per 1.5 seconds than I could have gotten from picking up the penny.
This made me laugh.
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Undercutting on crafting mats makes no cents but undercutting on expensive items makes gold. Obviously, if you have the time and patience to babysit your listing, then undercutting isn’t optimal. However, most want to list and move on to do something else. If it doesn’t sell they will begin lowering the price. It takes two sellers to enter into a bidding war. Don’t participate if you are afraid of the price dropping!
Pretty much this.
I’ve made a killing on the greaves but it was from early in the week when maybe players weren’t as aware of how vital they would be and then starting on Thursday prices began to stabilize. All of which is natural and expected. I happened to be the only one controlling the greaves market for a few days(due to researching and figuring out which piece would be a hot ticket item) and so I was able to capitalize on an opportunity.
That said I certainly didn’t expect that to last. Now prices have gone down and increase accessibility to a wider range of the community. It’s all about getting ahead of the curve and then adjusting to the movements that are going to happen.
My point being that people who have control of a market should be accounting for the changes that will surely happen. Ride the waves of the market, don’t try to control it.
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And any profit is not a loss. Time invested has a variable value to the person doing it. He made 30K for his time and is happy, so there was no loss.
Way more than 10 people need those high ticket items, but only the 10 wealthiest can afford them. By getting the price lower, say, 40 people can now afford them.
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It’s funny, I would be willing to bet the people here complaining about undercutting are the same people who rail against “greedy CEOs” who value profit over people.
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You know if I were smart I would undercut by only a small amount since I am desperate for gold. But I am a spiteful shrew and I will almost always undercut by a frankly unreasonable amount of gold. “Oh you wanted to get 256g for that item, would be a shame if I sold all mine for 170g.”
If you undercut by only a little, you are gambling that someone with a huge excess of gold will need the item in the next day or two. By going much lower, you are opening up to potential buyers with more modest means and are MUCH more likely to sell your item in a timely manner.
Or 1 person is buying them to vendor because people are listing them below merchant price. Works for me.
I encourage anyone who has an actual interest in economics to go to Amazon and buy “Basic Economics” by Thomas Sowell.
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Exactly. It’s about finding that balance. Enough profit to be worth while, but a low enough cost to attract the widest customer base.
If it cost 10k to make it and you make 1000 of them, you’re in at 10,000,000g.
Priced at 100k each and you sell 100 but the rest don’t sell… 10,000,000g You broke even and get to relist the other 900 possibly selling more (if the market holds your price).
Priced at 50k each and you sell them all… 50,000,000g right now.
So many are worried about the “make the most PER item” they lose sight of the “make profit on ALL the items and reinvest”.
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“Tanking the Price” was not the OP’s fault. Nothing said that any other seller had to modify their price. In fact, OP’s goods might have sold even faster due to the great price difference since the purchaser thought they were getting it a massive bargain. Now the person that has their feathers ruffled due to being undercut is back where they were before in their selling hierarchy.
People undercut me once, I drop the price by several thousand till I get bored or they stop.
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Back in Cata I made a fortune selling glyphs. It had reached a point that almost no one bothered to make them anymore so there were three or four people monopolizing the market. I was annoyed that I had to pay several hundred gold for an item that literally costs 1g in mats to make, so I went into business. I flooded the market with 20g glyphs. They would try and buy them up and resell them at a higher price, but the mats cost a gold so I would just make more.
To make a long story short, I drove them all out of business and made a fortune over a year or two of glyph trading. The moral of this moderately interesting tale is that a few knuckleheads price fixing don’t necessarily dictate market price. Charge what you think can make you a buck and have fun.
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The best reason to enter a market heh.
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There’s no functional difference in relisting and undercutting by 1g. Undercutting by a lot ensures that you won’t be undercut yourself.
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