People undercutting like idiots

[threeks]

Maybe because the mats are so expensive?
On my server if i sell a flask the mats themselves cost 2k
What happens, along comes an idiot and posts flask at 1900g while the other flasks around 3000g. Everyone else then posts flasks below 1900g.

Calling the Ah in a game an economy is silly. Its so extremely basic compared to real life.

Here you have people saying if i list low it gets sold fast. If in the real world you had 3 companies who sells at 1000, 990 and 980 and you come along and sell it at 800 you would be ridiculed. Sell at 970 and you will sell first

Yet in-game that simple rule people can't comprehend. The people putting up items at mat cost is just plain stupid.

Honestly that person selling for 800 would more likely be called an innovator and praised for reducing their costs enough to make money on these margins.

[Kantalope]

But the starlight rose cost me nothing so it is free. It doesn't matter if I could sell it for more or not it still didn't cost me anything to farm those mats and sell the flask for the amount I did. The only reason to get annoyed that people are undercutting so much is because you are enjoying the inflated cost we are currently experiencing and you don't want the price to come down. That is your problem, not the other sellers.

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People use their own mats so the cost to make a flask is literally 20 copper. Anything above that is profit.

Opportunity Cost disagrees.

[the]

There is also the case where they know the demand and supply curve better than you.

You think that if I post something at 10g less than my competitor then mine will be the first to sell. So let's say I have
Thistleleaf Adventurer
which is a battle pet that is currently rare. Currently there are 3 up, all around two million gold. Should I undercut that by 5%? Do you think that someone was waiting to buy that if only it was 5% less gold? No, that's not what's happening. They wouldn't pay that price, ever. Current mean price as by theunderminejournal is 76K. So if I put one up at 200K that is an enormous bonus over the mean price. Somebody might get it since they are so tired of seeing 2 million gold for a pet that will EVENTUALLY be common. But That's a TENTH of the currently listed auctions!! Surely I'm crazy right? No, I want to get my money before they realize that 2 million doesn't work and the market crashes and the ones that are currently up there sell for 76K.

[Moozart]

Maybe because the mats are so expensive?
On my server if i sell a flask the mats themselves cost 2k
What happens, along comes an idiot and posts flask at 1900g while the other flasks around 3000g. Everyone else then posts flasks below 1900g.

Calling the Ah in a game an economy is silly. Its so extremely basic compared to real life.

Here you have people saying if i list low it gets sold fast. If in the real world you had 3 companies who sells at 1000, 990 and 980 and you come along and sell it at 800 you would be ridiculed. Sell at 970 and you will sell first

Yet in-game that simple rule people can't comprehend. The people putting up items at mat cost is just plain stupid.

Thats when you use your brain and start selling the straight up mats instead of making the flasks, then YOU are the one who profits while they do not.

I see people in my guild doing this all the time, too scared to just sell the mats, its like people feel FORCED to craft when they do not have too. My main toon a Skin/LW. The only skins i keep are the stonehides only becasue i craft an item that i them turn to Wpic Shards/Obliterates, anyhting else i skin gets sold as mats

[Deleted]

I do that all the time.
It's a guarantee that I get rid of it since one of you guys will buy it and noone is going to undercut me by one copper.

[Fayolynn]

Opportunity Cost disagrees.

I can sell something now for 1.5K or I can sell it for 2K and wait longer for it to sell, wither way I have made money. Yes I could have potentially made 500 more gold but that doesn't change the fact that I did make nearly 1.5K.

In the grand scheme of things the only people who care that others are undercutting them a large amount on flasks are those who want to game the market as long as possible to make the largest profit they can. Prices are going down on high pop servers as more people enter the market, there is no way to stop it.

[Deleted]

If by lower price you mean the price of mats themselves, bravo to you. You are one of those people who prolly undercut so much they don't even make a profit at all judging by your answer.

Which wouldn't be any of your business either?

If you want to sell something quick and without hassle, undercutting by a minimal amount isn't really the best idea a lot of times.

[Jester Joe]

Meh, I'll try undercutting by a small amount, and if it doesn't work, you bet I'll be taking it down and undercut even further (Usually because someone shortly undercut me anyway and their item isn't selling either.)

For example, the Mecho-bond unit thing for Hunters. I stumbled across a strange coin early enough to sell them for almost 25k. Then, it was slowly going down until it was about 18k and no one was buying. So, instead of sticking it back up for 17,999g, I put it up for like 14k. It sold. And the herb/whatever that mat is required was down from 1k to like 300g anyway, which was the only part I was actually buying, so it was still beneficial to me.

[claraju]

hello,i am new one

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nice to meet u

[Deleted]

sometimes prices are way off.. usual thing is that some item is on sale several 1000 golds and you put it on sale 50g, it is still not bought. then next day you see all others have put it on sale also 50g... you put it on sale 40g.. you still do not sell it... and you eventually vendor it with some silver, because that item is never wanted by anybody but there is still some 100 auctions in AH with insane prices.

[coprax]

The actual material cost of the flasks is whatever the crystal vial costs to purchase. The herbs can all be farmed up for free.

lol, no

it's called opportunity costs

[RuneDK]

Hi. I'm sort of one of those people. Kind of.

If Item cost price is 100g. And competitors AH list price is 200g. or 201g. or 210g. I WILL list for 150g.

I will never list at cost price. that's just silly. I am however willing to list WAY below my competitor's price, as long as I think the profit is acceptable to me.

That being said. If you don't like my undercut prices. You can always BUY mine and resell at your price.

I will also NEVER list items ONE at a time if they can stack to 10 or 20.

I just don't get why you wouldn't put it up for 199....all people do is look at the cheapest the item is and buy it...It gets you more gold, and it keeps the market from crashing. It will sell regardless...Yes we can buy your item for 150 and resell...but then we're putting in the effort to keep the economy in a stable spot...Where that should be the goal for everyone putting things in the auction house.

[Otimus]

Hi. I'm sort of one of those people. Kind of.

If Item cost price is 100g. And competitors AH list price is 200g. or 201g. or 210g. I WILL list for 150g.

I will never list at cost price. that's just silly. I am however willing to list WAY below my competitor's price, as long as I think the profit is acceptable to me.

That being said. If you don't like my undercut prices. You can always BUY mine and resell at your price.

I will also NEVER list items ONE at a time if they can stack to 10 or 20.

I pretty much have TSM set to always undercut everything by 50 gold, unless it's something really cheap, then it's by like 50 silver. I never do the undercut by 1-whatever, because you then get immediately undercut and unless you monitor it to relist it, it doesn't sell.

I pretty much only list auctions once every other day, though. I hate bothering with it.

[Serissa]

If I sell 10 flasks/day with 100g profit I will get 30*10*100=30k/month
If I sell 1 flask/day with 500g profit (because no one buying this so f.cking overpriced stuff) I will get 30*500=15k/month
If I sell 1 flask/month with 1000g profit (LOL as if) I will get 1000g/month

Feel the difference. Then think again who's retard and/or idiot.

[FertsBlert]

If I sell 10 flasks/day with 100g profit I will get 30*10*100=30k/month
If I sell 1 flask/day with 500g profit (because no one buying this so f.cking overpriced stuff) I will get 30*500=15k/month
If I sell 1 flask/month with 1000g profit (LOL as if) I will get 1000g/month

Feel the difference. Then think again who's retard and/or idiot.

Thing is you can sell 20 flasks\day at 300g profit, sooo I guess you are the idiot, cause I'll buy your 100g profit flasks and the flasks of a few other retards then flip them for that extra 300g without it even being a concern. Thank you fools.

[De Lupe]

I find it very annoying since a long time to see AH full of people undercutting like idiots.

Example: 10 items in Ah. Item A is 5000g, item B is 4999g and then all of a sudden you see one of 4000g and the next 3500g

Why? Half the time the price is just mats cost.
Is it just people being dumb? They could sell for *lowest priced - 1g* and it would get sold first.

You assume that every single person who lists items intends to min/max their profits. Some people just want their shit to sell for more than vendor/mat cost. And others just want to offer what they consider a fair price. And others still just want a quick payout.

For example: I found this really nice epic ring; lots of haste, stamina, and a gem slot. Cheapest one on the AH is 32K. I have neither the patience nor the resources to dedicate to playing the long game on the AH, so I put it up there for half the price of my opponents. The end result is exactly what I wanted: I gain a nice, quick chunk of cash and my customer gets a great deal. Everyone wins...except the people price gouging. But that's their fault, not mine.

[Lady Atia]

People undercutting is good ...... no one should pay 5k gold for a freaking flask - it's time prices are get back to normal lol.

[Lioo]

I hope they continue to do so. That's where my most gold comes from.

[Deleted]

People undercutting is good ...... no one should pay 5k gold for a freaking flask - it's time prices are get back to normal lol.

better tell all your friends to become herbalists then, need more supply to push price down.

[Ragedaug]

I find it very annoying since a long time to see AH full of people undercutting like idiots.

Example: 10 items in Ah. Item A is 5000g, item B is 4999g and then all of a sudden you see one of 4000g and the next 3500g

Why? Half the time the price is just mats cost.
Is it just people being dumb? They could sell for *lowest priced - 1g* and it would get sold first.

I find it very annoying to price something at 1g less just to have the AH dwellers re-undercut me before I can get out of the capital. So like a few others mentioned, as long as the profit it still there, I make huge undercuts. I figure it will either cause my item to sell quickly (which is my goal), or it will cause everyone to undercut me and list at a more reasonable price (which I think is fine for the consumer base).

I can remember trying to sell glyphs a couple xpacs ago was nearly impossible if you weren't camped in the AH. So I'd make a 10g (cost) glyph and see everyone had them priced for 300g and I'd post mine for 150g. Then I'd get the other dozens all undercutting me again for <150g, so I reposted at 75g, then again at 35g. That's when I was finally bought out, but in the process the entire market for that glyph was more reasonably priced for any buyer.

I just found I could never sell craftables at the max profit prices because I was constantly undercut, and those others would just make more when their item sold. So since I have no desire to play the AH, I cut it.