SencneS
Amarr
Rebellion Against big Irreversible Dinks
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Posted - 2009.02.24 20:40:00 -
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I'm seeing it more often even away from Jita. I think people are under the delusion that if they do it enough across a lot of items they'll come out ahead.
I've received some nice hate evemails, and local verbal lashings over the way I deal with my orders. Like you Clair Bear I have inventory, lots of inventory for all the items I sell. I only list between 5-10% of my inventory depending on what it is and how quickly it moves. (A nice tip for all those newbies out there, don't list your whole inventory ever.)
What ends up happening is people gobble up the orders, relist at 500% markup. I simple relist another 5% for 50% higher then I what I just sold at. I managed to release about 60% of my inventory for an item on a guy who just kept buying the item. Now he has about 4 months worth of actual consumption of the item by players who use it in his inventory on top of the 6 months he purchased from the market the first time.
He was royally annoyed over the fact I kept listing a little higher ever time but still significantly lower then his stuff. He waited until I was off-line before purchasing out my order again, to which I saw this on EMMA, waited about 20 minutes and logged in and listed another 5%. A day later that person is not listing that item anymore. I can only assume he is waiting, or has simple moved his sizable inventory.
I think the tactic of buy out/re-list works too well and people are just becoming lazy. While I don't mind this tactic, a word of warning to people who use it, there are very effective ways to deal with it, and they all equal you losing out.
I use to list 100% of my inventory until I was frustrated and pleased at the same time. It's a rather bitter sweet situation. On one hand you are selling your inventory in one sweep, making the ISK you where expecting to make. On the other hand, some guy with a big wallet is making easy ISK off your efforts. Especially if you're a manufacture.
For the most part the items that are manufactured already start with a small margin as competition is large. These are the items people gobble up and re-list. They usually break even and are left with an inventory of items basically for free. They then compete with you because they have already recovered their ISK with a much larger inventory.
You as a manufacture have to sell for a price that you can make a smaller profit but still be competitive. A bulk buyer/re-lister may have paid for those margins but has re-cooped the cost in a few sales. So now their cost is ZERO so they can list below your build price.
This is the reason why you don't list your entire inventory. You instantly give them the upper hand. Listing only a part of your inventory makes it more difficult for them to justify buying up the inventory.
Chances are they looked at the market and saw, x number of units and work out a little basic math. Found out they only need to sell 5% of the market to break even so they buy up large amounts. Well unless you're the only person in the item (unlikely) others will have also got their items purchased.
To combat this, simply list a part of the inventory you have on hand. This will trigger you to re-list another part of your inventory cheaper then they have their aquired items. Keep upping your price, if they want to keep buying you might as well make some extra profit from their stupidity. The back and forth from your orders to the mark-upper should be long enough for your normal compeition to replace their inventory and list it on the market again. Now the mark-upper has to buy up not only your higher priced inventory, but the normal competition higher priced inventory.
The mark-upper had better have a much larger wallet to even hope to capture the market. However the whole time, he has been collecting inventory from elevated prices he has to sell higher then you can make it for.
It's about the most effective way to deal with them, that's if you want to keep the market share. Otherwise enjoy the cash out.
Amarr for Life |