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PMolkenthin
Contraband Inc.
Mercenary Coalition
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Posted - 2007.07.10 06:03:00 -
[1]
Why is it that when purchasing an item in EVE, a seller will often ask "how much are you prepared to spend?"?
Surely the first rule of bartering must be to never reveal how high youÆre willing to go as the buyer, just as you should never reveal how low you're prepared to go as the seller!
In my experience, the seller will start by asking a high price, to which the buyer will offer a low price, and they slowly approach a compromise, and thus, a sale.
Does anyone else get frustrated by this, or did I just get out the wrong side of bed this morning?
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Santa Anna
Caldari
Blackguard Brigade
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Posted - 2007.07.10 06:07:00 -
[2]
Getting to Yes
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Heat Warfare |
Frug
Zenithal Harvest
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Posted - 2007.07.10 06:07:00 -
[3]
In my experience good barterers who have a worthless item do that to get an idea of how much they can get out of you. They want whatever your first offer is to be as high as possible, since they will try to pull it up from wherever you start anyway. They've got nothing to lose from testing you.
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Sicil Fioet
Minmatar
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Posted - 2007.07.10 06:38:00 -
[4]
It does not really matter in the end who states their figure first. The buyer has a certain price range in mind and so does the seller - they either overlap or they don't despite whether the seller or the buyer names the price first. By asking for a price buyer has in mind the seller takes initiative to shorten the time for himself or herself that the transaction would take. If the buyer is offering 80 mil for an item that costs 180 mil chances are you're not going to get a reasonable offer out of him or her so might as well not spend a great deal haggling with this customer. If the buyer states a price that is near what you'd like to hear, you can spend some more minutes in convo and haggle it up a bit to your liking.
Besides, the buyer never states right away how much he's willing to pay for the item. Any smart buyer starts off with the price he thinks would be a good deal for the item - not the sum he's ultimately willing to pay.
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Charles Schwab
The Charles Schwab Corporation
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Posted - 2007.07.10 07:09:00 -
[5]
 Originally by: Santa Anna
Getting to Yes
... Is an awesome book that I wish more people would read. Kudos for bringing it up in an EVE context.
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Azzy I
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Posted - 2007.07.10 07:27:00 -
[6]
Bartering is a game of chicken. Neither party wants the deal to fall through. But each one has an interest in seeing the other's offer before they give thiers.
If player A has an item to sell (how bout a Solar Powered Electric Chair - SPEC). They know SPECs usually sell for 100-150m, but they'd like to get more like 180m, maybe from someone who was desperate. But if they told a player who was market savvy a price of 180m, the player would know they were dealing with a greedy bastard, and bargain more aggressively (thinking that he's likely to try to screw them, so they have to be careful) probably paying less than they would have if they thought that player A was honest. On the other hand, if the buyer was desperate, and they offered 125m, the sale will occur and player A will have made a lot less than he could have.
Likewise, player B is desperately looking for a SPEC (because he's the buying agent for the New Texas colony, and the citizens are complaining about the costs of electricity used in executions), and is willing to pay just about any price, and he sees player A selling. Now, what does he do? If he offers 100m, A could turn around and say "no thanks, we're just not thinking in the same price range" and start to leave. If player B responds with another offer... well... he might as well have turned around and dropped his pants: A will KNOW that B is desperate, and will proceed to take full advantage. But if he offers something on the high side initially, he risks paying more than he could have.
You always want the other person to make the first offer. Often times, in the game i do most of my bartering (iRO, which lacks the hypercapitolism of EVE), i ask the buyers for a price because i have a vague idea of how much i want for it, but i'm not that sure what to ask for myself.
-Az
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Del Narveux
Obsidian Angels Enterprises
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Posted - 2007.07.10 07:35:00 -
[7]
Two good reaons to do this
1. Identify buyers who wont pay anythng near what you want and are just hoping to get a super bargain. If someone says WTS tech2 titan how much will u pay and I say 10 million isk, chances are no amount of bargaining will make the deal.
2. Hoping some rich moron offers 10x the worth of the item because hes a moron with no idea what they sell for. Id be lying if I said I hadnt benefited from this many times, both here and especially in other MMOs where you cant always just right-click lookup the value of something.
_________________
[SAK] Alumnus--And Proud Of It! -- aka Cpt Bogus
Is that my torped sig cloaking your base?
Originally by: Wrangler
Well, at least we have forum PvP..
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cal nereus
Caldari
School of Applied Knowledge
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Posted - 2007.07.10 07:37:00 -
[8]
Seller: How high are you willing to spend on this item?
Buyer: 1 ISK.
Seller: ...
[Seller tries someone else]
Buyer: -_-
Economy: Idiots.
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BluOrange
Gallente
Agony Unleashed
Agony Empire
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Posted - 2007.07.11 06:25:00 -
[9]
Originally by: PMolkenthin
Why is it that when purchasing an item in EVE, a seller will often ask "how much are you prepared to spend?"?
Surely the first rule of bartering must be to never reveal how high youÆre willing to go as the buyer, just as you should never reveal how low you're prepared to go as the seller!
In my experience, the seller will start by asking a high price, to which the buyer will offer a low price, and they slowly approach a compromise, and thus, a sale.
Does anyone else get frustrated by this, or did I just get out the wrong side of bed this morning?
Some people fall for it.
If someone asked me that question, I'd respond with "I was thinking I might pay [insert low number here]" Remember, "Your questions are hooks on which I will place my answers."
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Mo adib
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Posted - 2007.07.11 06:54:00 -
[10]
heh maybe I am just strange but I dont really **** around with bartering etc, sure I could probably get better prices
but when someone asks that I tell em what I will pay and if they agree we have a deal if they dont then we dont simple as that :P
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