Could y'all fricking stop?

Sometimes when I put items on the consignment board, I will check up on the prices other people put on that item so I can re-adjust my price to make it the first item people see (ya know, so they will buy it quicker because it's cheaper), but sometimes I will see some goober selling some rare, expensive item for half price, and other people will follow to have their items sold quicker. If I want people to buy my items in a timely manner, I will have to do this as well because of how many items are being sold at a low price, instead of just reducing my price by something like 10k, or even just 1.

Why do people do this? By drastically reducing the price of what you are trying to sell by something like 500k instead of something like 10k, you are not only ruining your own profits, but the profits of other people. I shouldn't have to earn half as much spina because some subhuman dweebazoid thinks cutting his profit by half is just the greatest idea anyone ever did come up with.

I can imagine that taking a price down by a huge percentage could be good for inflation, but I will often see some of these items jump back up to their original price. I could be wrong here, but this is just something I have noticed happening a lot, though I guess stuff like this is good for the buyer.

 

Lol then dont lower your price then???wait patiently???if youre in the rush to sell somethin then accept the fact???

 

The thing is that it's just frustrating to get an item that's worth 2.5m and expect to get a lot of spina, only so have someone, or even a few people sell that same item for 2m or 1.7m. I can wait, and I usually do, But I still don't see why people do this when they could be earning a lot more spina for themselves while also not making other people have to decide between selling things quicker (by lowering their profit by a large number, rather than by a smaller one), or waiting longer.

 

because real profits are made by constantly made by moving your spina around.


the only worth something has is what people will buy it for.


some tips i have. on big ticket items, i do a V shape price post. eg. 20m 19m 18m 17m then back up towards 20m.

most people spending all this spina at once will keep tab on certain items over a few days. they go hey i like that. lets see if it gets cheaper. the price increase makes them panic and buy.

for smaller ticket items if there is a significantly lower price on that item i will post mine for cheaper than the next lowest price thats normalish. why? this helps the unusually cheap item sell FASTER. the longer something stays at a price the higher chance it has to normalize to that price due to other sellers.

if i feel something is worth 3m but a bunch of people are selling it at 2m then its not worth it to put it up and i just sell something else.


making spina is easy in toram.

 

Undercutting got worse.
Yesterday,i sold some mats for 100k per stk (Inter board price+no one sold this item except me)
Next day: 80k,60k per stk
Then finally,its sit on 50k per stk.
Like,who tf sold this item that low? because when i farm,nobody is there except me.
Since my "profits have to be equal to effort" i stop selling said item and finds another,until the price is back to normal

I think contributing factor is mostly the farming guide on Yt
Ex: Lets say,this boss mats is sold for 200k per piece,then youtuber A found this,and spread the info.
The surging wave of farmer from A's guide causes the prices to decrease to 180k.
Then youtuber B found this and spread the info also,with the price of 180k.
Another wave of farmer,went down to 160k
And it kept going on until lot of people stop coming there,giving the mats some time to rise into original price.

 

Supply and Demand.
Undersellers ? Yep, I hate them too.. but they dont have the entire fault.
If the supply of an item wasnt far higher than its demand, the cheap ones at consignment board would last just a few seconds and then
reappear at the "right" price. In fact, people buying to resell for profit. This happens a lot with stargems.

 

I also really hate it when my major source of spina drops like this. I don't really mind deflation at all, and I actually think it would be nice if all the prices could deflate to where they were back when Toram was still young, when one of the most expensive items in the game was the eerie crystal cryta, which only costed like 500k-600k (if I remember correctly). What I really hate is when something's price drops by a huge number within only a few days, rather than following a steady decline along with the rest of the economy. If what I farm regularly decreases in price rapidly, while the price of the things I buy decreases slowly, or not at all, then it can be difficult to buy what I need.

 

It may not be the greatest idea alive, it is still an idea that is useful. One reason why they cut the selling price by a huge margin is that they may want the money rush to buy something of equal value (e.g Sell bkod for 1m when OP is 1.4m to buy deni). Another reason is that, they don't treat the cut as a loss because they may have a large stock of it, or they can mass produce it. You might say its their loss, but they still get their items sold faster than you, and while you are still waiting, they are now using that money to produce more of the same product. (e.g Someone sold lil emp ths with 360+ with a price lower than the same product you have in hand. Now lets say they sold it for 1.1m and you sold yours for 1.5m, you would need to wait longer for yours to sell while the other ths has already been sold. While you are waiting, they use that 1.1m to buy more mats to make more lil emp ths.)

not sure if if you are just in the wrong ch or no, but if not, then its because when people doesn't usually have any knowledge on the use of an unknown item. they would try to sell it a few thousand lower than what is in the cb for faster profits. They would just think that since its an unknown item, I won't sell it equal to the CB price.

 

welcome to the FREE MARKET.

You don't dictate the price. The market moves up and down until it reaches equilibrium. If you think your business is not as profitable as you wanted, you can quit, i'm sure when a major seller quits, the price will shoot up again.

 

The answer is:

FARMING BOTS MATERIALS

 

HAHAHAHAHA

 

I guess it makes sense in that way, but for thier sake, they could still sell something at the cheapest price without taking it down as low as they do to make more spina.

It's not about dictating the price, it's about not losing my profit.

I hope you and your family get carried away by ants.

Understandible

 

Same goes for me.
Im fine with steady decline since its mean the supply got bigger than demand,a sign that gives me an ample time to think about another farm spot.
But when someone dropped the price way too big,now this is the real problem because it could completely shift the "original" price of said items.

Well,i saw fair time when people doesn't know the value of item sold em at low price and its pretty understandable.
But,if i saw someone put like 10stk of said item with obscenely low price,then "doesn't know the value of item" doesn't apply here
Also,i rarely use trade since its only useful if you going to sell exp stuff like xta,arm,wep etc. Outside of it,shouting is pointless since i tried it few times and i never got any until i posted it on cb.


Suffice to say,selling things on original price is pretty damn hard now
Unlikely they gonna regain their original price that easily

 

Well... If you're wondering why people doing that, then this is the answer.

More cheaper, more buyer. And of course, this also caused by laziness. They don't wanna wait for too long until their stuff are sold out, so they decide to make it way more cheaper. It's ruining the economy, but it cannot be avoided.

 

I understand why people sell things for a cheaper price, but what I don't fully understand is why they take the price down as low as they do.

 

the create new lows from others, if satisfied, pull orders out, new higher price
voila

 

another reason is to deplete the market and resupply with a monopoly

When oni garbs resurfaced i monopolized the mats and resold at a super high price. But first i dropped the mats low so i can clean em out.

 

I'd have to agree with OP. Lowering prices is understandable but when the change is so drastic, it seems like it's just a loss for everybody.

 

Some people just want to sell really fast ig. Although it could drop market price of an item, id just suggest waiting and adjusting your price every 12-24 hours. I typically lower the price of an item im selling by a small percentage every 12-24 hours if it hasn't sold since it probably means that the price is too high and has to be lowered.