stop whining when i put things on AH for a fair price!

[mojusk]

this always happens when those warfront contribution dalies are up.
like today it was grilled catfish, they cost like 5g each to make.
but some dumbass bought all on AH and put them back on for 500g each.
then i made a fuckton and put them on AH for 50g each.
then the dumbass whispered me that i was RUINING THE MARKET PRICE!
/facepalm

ok i could have played his game, camping the AH all day, undecutting eachother with 1 copper, waiting for a few idiots to buy our stupidly overpriced grilled fish.
OR i could make a fuckton, put them all on the AH and sell them all alot faster, while doing other stuff.
supply and demand my friends! and guess what, theres alot higher demand when the price is more reasonable.

what if i had bought all of his 500g fish and then put them on AH for 5000g, would that now be the "market price"?

[Yarathir]

Opened this thread expecting it to be about you putting things up for a high price that is fair considering the market and people complaining about that.

But yeah, no. You're in the right. Too bad your fairness will get exploited by people like that.

[ONCHEhap]

keep doing what you're doing,not only you're right and you'll make money,but you'll cause a loss for these people.That's even better

[Lucetia]

I look at it this way. If they want to sell for stupidly high prices go for it. I'll put it up for what I believe is a fair price and then either A) people who need it will buy it or B) the overpriced people will buy it to resell. Either way I win in that case.

[Adoxe]

He should've bought all of yours and resold them for the new price instead of wasting time talking to you, it'd be a win for him. I don't know if I would call it a win for you though since you willingly gave up extra gold for a faster sale just to be "fair".

[Biomega]

People are allowed to put auctions up for whatever price they like. If others want to gouge the market, you are under no obligation to service them. If they don't like it, they can buy out your auctions. It may not be particularly SMART to undercut prices by so much, but you are free to do so if you like and nobody has a right to complain.

That being said, there is no such thing as an objectively "fair price", because who would determine what that would be? Is selling at cost "fair?" Below? Above? And why?

[mojusk]

He should've bought all of yours and resold them for the new price instead of wasting time talking to you, it'd be a win for him. I don't know if I would call it a win for you though since you willingly gave up extra gold for a faster sale just to be "fair".

well.. whenever all my fish are sold with a 45g profit, i just make more and more. and he know that.

[Vakna]

I get shit all the time from people when I undercut them by 50% instead of 1 copper.

Like why the fuck do I care about your "market value", I just want to get these things off my hands as quick as possible.

[mojusk]

But you could've saved that time by putting them on the auction house for a higher price.

Honestly, if you want to waste your time by undercutting people by such a large amount, then that's your problem. But the guy whispering you is not the "dumbass" here, if we have to be brutally honest

i dont feel like im wasting my time.. i feel like im rolling in gold, while the bitch is crying.

[Will]

Who cares about people who get mad about prices on a free market. Ignore their crying and move on... I mean, it's an open market for a reason. They need to get over it.

[Nynax]

But you could've saved that time by putting them on the auction house for a higher price.

Honestly, if you want to waste your time by undercutting people by such a large amount, then that's your problem. But the guy whispering you is not the "dumbass" here, if we have to be brutally honest

This perspective only works under the assumption that enough people would actually pay 500g for fish. High likelihood that the majority of the fish just expires off the AH, then who was wasting time?

[Usagi Senshi]

True story, 8 years ago I made our main healer quit the the guild because I forced her out of the market on our server for getting too greedy. Use two accounts, laptop at work, and transferred over a buddy for the coup de grace. Fun times.

Keep doing what you're doing buddy!

[Ealyssa]

i dont feel like im wasting my time.. i feel like im rolling in gold, while the bitch is crying.

You're not "rolling in gold". You're actually squashing your profit. But hey, you do you, its a free market.

There is litteraly no sane reason for crashing a market. The people buying won't be nicer to you because of it, they wont sell you at better price because of it, it just is economically absurd. You're just making the game harder to you because it's "fair" ? Again you do you, lot of people love doing retarded things in this game.

[MrKnubbles]

He can just buy them and resell them higher if he wants. I do what you do and just post auctions at whatever price I want.

[Dziubla]

well.. whenever all my fish are sold with a 45g profit, i just make more and more. and he know that.

I mean...if you have time to make more and post them, there's no reason not to post them at a higher price. Sure, absurd prices are kinda pointless, since no one in their right mind will pay something that is like 100x overpriced, even if they REALLY need it, but to use the fish example, if the next guy posts them at 500g, I'm fairly certain everyone would gladly pay 100g instead of your 50, it would double your profit, and has no downside to it whatsoever, sooo...undercutting so much is just shooting yourself in the foot, at least in this case. And you may swim in gold all you like, but you can't ever have enough gold, so, yeah.

[Eapoe]

I look at it this way. If they want to sell for stupidly high prices go for it. I'll put it up for what I believe is a fair price and then either A) people who need it will buy it or B) the overpriced people will buy it to resell. Either way I win in that case.

You’re technically losing with that mentality. You’re not going for the current highest price and missing out on the gold from it.

[glowpipe]

He tried to exploit the market and made a decision to reset the market on this item and you ruined it for him. It was inevitable that he would complain. But guess what, Its a free market. Just put people like that on ignore and keep selling your fish. He got heavily burned, you made some gold, people could still get fish, albeit, still overpriced, but lesser of two evuls. I see this as a win win win

[ablib]

But the guy whispering you is not the "dumbass" here, if we have to be brutally honest

Yes, they are. They're whining that the other person is ruining the market. They are dumb ass for not understanding how markets work, or the in-game economy.

[Lucetia]

You’re technically losing with that mentality. You’re not going for the current highest price and missing out on the gold from it.

Am I really though? If I'm selling something at say 100g (let's say takes 20-60g to make) and someone wants to resell it for 1k, but it doesn't sell for that am I really losing? My server is pretty dead so things take forever to move as is. So someone trying to make a bigger buck isn't going to have much like. I could sell that person 20 things at 100g by the time he finally gets his 1 for 1k sold and still come out ahead.

[Pillerina]

Am I really though? If I'm selling something at say 100g (let's say takes 20-60g to make) and someone wants to resell it for 1k, but it doesn't sell for that am I really losing? My server is pretty dead so things take forever to move as is. So someone trying to make a bigger buck isn't going to have much like. I could sell that person 20 things at 100g by the time he finally gets his 1 for 1k sold and still come out ahead.

If you're not reinvesting all your capital you'd be losing out, there is the principle of money being more valuable now than tomorrow because of rentability, which is why you should always take the lump sum payment if you win on a lottery ticket.

However i suspect that you're not operationalizing the capital you're earning. As such the only time it would be beneficial to sell cheaper is if you expect listing costs to exceed the difference between your price and the other guys price, which in the case given as example would take actual years of the fish not selling.

Obviously in a simplistic model where the two of you are the only suppliers, in reality the wow AH is a pretty decent simulation of perfect competition, and other people would undercut inch by inch until equilibrium was reached.