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CampyloBacter
Gallente Chlamydia Online
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Posted - 2007.10.27 18:02:00 -
[61]
Originally by: Garrick Konquero
The purchase always goes to the seller with the lowest price in the station, even if you consciously choose otherwise. Moreover, the seller with the lowest price in the station gets the price you wanted to pay to the other seller. So, ironically, not only are you still buying from the 0.01 undercutter, he is receiving the purchase price of the other, therefore making more money than he would have otherwise.
This makes me 
if this is the case then I'm going to have to avoid hubs altogether. ****in' stoopid if you ask me.. Why don't I have the right to buy from whoever I choose?
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Fester Addams
Minmatar
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Posted - 2007.10.27 18:06:00 -
[62]
Hmm, memories are funny things.
This thread reminds me of back in the day when Mom (I think she was called mom) and her gang of industrialists dicided to get together and split upp empire into market slots.
The idea was that if you wanted to get into the market you should contact Mom and she would assign you an outlet area for you to sell in.
The theory was that by doing this they could keep the prices for goods at the "intended level", the intended level aparently was what CCP had invisioned prices should be and was based on the NPC prices on ships and modules (yes back in the day NPC corps sold ships and modules).
Naturally later additions to the manufacturing game did not want to have lower nowhere as their output location as lower nowhere had little or no population and thus they simply moved into the hubs and started competing.
Mom and her gang got furious about this, they kept spamming the forums about their treaty and the way it was suposed to be, they even lobbied CCP so hard that Mom got on one of the player-CCP interaction boards to avocate her ideas that included the wish to be allowed to get the equvilent of kill rights on any unauthorised sellers in empire, fun stuff really.
Naturally all but them just laughed and went on shaving costs of their BPO's by increasing ME and skills untill prices stabilized in the different regions.
The same will happen here, there is no law of ecconomics that state that you should always maximize your profit per unit, nor is there a law that states you should look to the long run and maximize your profit for whole series. In reality most markets sell many things at a loss as honey pots, you come in for the pot and end upp buying the pie and the cake as well.
Its the old what you loose on the caruosell you get back on the swings rule.
I am in no way claiming to be a major market player, I do some buisness, mainly in T2 stuff. I do underbid by a great deal, partly because its the best way for me to get my sales but I must admit that ****ing the 0.01 isk people off is a clear bonus.
There is nothing that beats comming home to an outlet station and noticing that 5 or 6 people have undercut me by 0.01-0.04, usually its 39.999.999,99, 39.999.999,98, 39.999.999,00 and 39.999.998,99 or similar.
The amusing thing is that more often than not the competing players are in different stations but they still by reflex put in that -0.01isk change.
Anyhow, nothing beats comming in there and dropping to 35mil, sure its a 5 mil lower profit but its fun, also I have seen people so into their -0.01 isk game that they fail to notice that I dropped so far and thus they keep competing for second lowest :)
Anyhow, there are advantages of the 0.01 isk drop as well as with the 10% drop, you simply have to know when to use wich.
And like I pointed out in an earlier thread, attracting sales can be done by other ways than the price.
Ill give you one more now: If station 4 is the in house station, agents are there or some service that people need then going 0.01 isk under the lowest bid in that station will not get people to buy from you, noone in their right mind will hop one station for 0.01isk. To get the buyer over you will need other incentives, a 5 mil lower price might be enough...
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Fester Addams
Minmatar
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Posted - 2007.10.27 18:08:00 -
[63]
Originally by: CampyloBacter As a 'consumer' who never bothers with the vagaries of Eve economics, I find the 0.01 Isk undercutter thoroughly irritating. In fact, I make a conscious effort to NOT buy from sellers who adopt such a practice. I always pay 0.01 isk more for an item to make myself feel happy that I'm wasting the time of an individual who is so anally-retentive. 
Sadly this will only work if you buy from one of us even nice number sellers in a different station.
If you choose to buy from a higher price seller the sale will still go to the lowest price seller in the station, however you will pay him the higher price.
I hope you knew this :)
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Ivy Axisur
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Posted - 2007.10.27 18:13:00 -
[64]
Fester, IÆm not complaining, IÆm trying to make the point that both myself and my competitor can make more by working together for fair, stable, realistic pricing.
This does not include your #12 or #33 which have no real effect on the market and #876 and #1337 are essentially my #3.
And to answer you questions about which # I consider myself to be; I guess I left that one out. #7 is ôthe .01 ISK guy. IÆm also a junior #3.
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Gnulpie
Minmatar Miner Tech
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Posted - 2007.10.27 18:20:00 -
[65]
Haha, maybe it is also the purpose to destroy the market for a while and so to drive away other people and competitors?
Market = pvp
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Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 18:24:00 -
[66]
Originally by: Gnulpie Haha, maybe it is also the purpose to destroy the market for a while and so to drive away other people and competitors?
Market = pvp
That doesn't work, especially in the normal T1 markets where there are many suppliers. When the price rises again, instinctively people arrive to manufacture more.
The .01 undercut is the best way to maintain a lead, especially in the T2 market where there are less suppliers.
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Gnulpie
Minmatar Miner Tech
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Posted - 2007.10.27 18:29:00 -
[67]
Originally by: Gamer4liff
Originally by: Gnulpie Haha, maybe it is also the purpose to destroy the market for a while and so to drive away other people and competitors?
Market = pvp
That doesn't work, especially in the normal T1 markets where there are many suppliers. When the price rises again, instinctively people arrive to manufacture more.
The .01 undercut is the best way to maintain a lead, especially in the T2 market where there are less suppliers.
That completely depends on the markets. It won't work in Jita, true enough. There are just too many people there. But it works well on the smaller markets and with t2 stuff. 
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Ivy Axisur
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Posted - 2007.10.27 18:29:00 -
[68]
Edited by: Ivy Axisur on 27/10/2007 18:29:55 To uncle Fester:
Competing off of market hubs is a different story entirely. You are correct that if you want to draw someone off of Jita 4 and to another station you need noticeable better pricing.
But look at pricing history graph. The Market takes a long time to recover from someone dumping an item too cheap.
If I list at 4 mill and you post at 3, IÆll ignore your price if you have a short term supply, but long term supplies will force me and everyone else to price match you, undercutting by .01 ISK.
LetÆs say 2.8 mill is the true cost of the time. With your 3 mill price and policy of not undercutting me by 1ISK, we will quickly fall to cost.
Then weÆre stuck there. You really canÆt undercut me much more. One of us can buy the other out and nope there isnÆt much off-market inventory stock. Or we move on to other items with more profit.
But my point is, and always has been, that if you never undercut so drastically we would have both moved our inventory at 3.9mill or so.
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Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 18:31:00 -
[69]
Originally by: Gnulpie
Originally by: Gamer4liff
Originally by: Gnulpie Haha, maybe it is also the purpose to destroy the market for a while and so to drive away other people and competitors?
Market = pvp
That doesn't work, especially in the normal T1 markets where there are many suppliers. When the price rises again, instinctively people arrive to manufacture more.
The .01 undercut is the best way to maintain a lead, especially in the T2 market where there are less suppliers.
That completely depends on the markets. It won't work in Jita, true enough. There are just too many people there. But it works well on the smaller markets and with t2 stuff. 
any region with more population than minmatar space will react to an increase in price.
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Aerandir Telrunya
Gallente Bears Inc
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Posted - 2007.10.27 18:32:00 -
[70]
Edited by: Aerandir Telrunya on 27/10/2007 18:34:49 Interesting topic (no seriously!) - I never realised market pvp was so involved!
I've got no experience in the area but I'm guessing the analogy goes something like this:
You see a lone ship in a belt (say ratting) - sometimes depending on the person you are/how you are feeling etc etc. you'll warp in with a similar class of ship (obviously a bit better) and pew pew. Sometimes you'll win and sometimes you'll lose but at the end of the day if you do lose you've not lost much and + the time you'll win. - these are the 0.01 isk people
Sometimes you'll get out your gankathron and completely obliterate him, with the hope that a) he won't come back or b) you want to be sure its an easy kill (ie. quick isk). - these are the drop by 1mill people
The 0.01isk people will find that the guy will keep coming back as he wins half the time but you don't lose much either so no biggie where as the the 1mill guy might make a serious judgement call an lose his big bad ass ship (when the 0.01 isk guy comes back with friends ie. buys up all his stuff and re-sells) or he might succeed and drive the other guy off for good.
That's about as far as my analogy goes but it seems to work and tbh it seems that they are just two different ways of tackling a situation both have their advantages and both have their disadvantages. I wouldn't say someone was dumb for doing one over the other and I would expect a good trader to do both depending on the situation.
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Ivy Axisur
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Posted - 2007.10.27 18:37:00 -
[71]
Originally by: Aerandir Telrunya Edited by: Aerandir Telrunya on 27/10/2007 18:34:49 Interesting topic (no seriously!) - I never realised market pvp was so involved!
I've got no experience in the area but I'm guessing the analogy goes something like this:
You see a lone ship in a belt (say ratting) - sometimes depending on the person you are/how you are feeling etc etc. you'll warp in with a similar class of ship (obviously a bit better) and pew pew. Sometimes you'll win and sometimes you'll lose but at the end of the day if you do lose you've not lost much and + the time you'll win. - these are the 0.01 isk people
Sometimes you'll get out your gankathron and completely obliterate him, with the hope that a) he won't come back or b) you want to be sure its an easy kill (ie. quick isk). - these are the drop by 1mill people
The 0.01isk people will find that the guy will keep coming back as he wins half the time but you don't lose much either so no biggie where as the the 1mill guy might make a serious judgement call an lose his big bad ass ship (when the 0.01 isk guy comes back with friends ie. buys up all his stuff and re-sells) or he might succeed and drive the other guy off for good.
That's about as far as my analogy goes but it seems to work and tbh it seems that they are just two different ways of tackling a situation both have their advantages and both have their disadvantages. I wouldn't say someone was dumb for doing one over the other and I would expect a good trader to do both depending on the situation.
Your right, to some extent and I retracted my ôStupidö comment earlier. (Unfortunately I can edit the title).
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Fester Addams
Minmatar
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Posted - 2007.10.27 18:42:00 -
[72]
Originally by: Ivy Axisur Fester, IÆm not complaining, IÆm trying to make the point that both myself and my competitor can make more by working together for fair, stable, realistic pricing.
This does not include your #12 or #33 which have no real effect on the market and #876 and #1337 are essentially my #3.
And to answer you questions about which # I consider myself to be; I guess I left that one out. #7 is ôthe .01 ISK guy. IÆm also a junior #3.
I do agree with you that if you manage to get a conglomerate going the people in it will profit.
The problem is that the EvE market is an uncontrolable market people get in and out, no regulation, barelly no fees and the reasons for people to be there are as many as there are participants.
The one thing all have in common is that all wish to sell stuff and expect isk in return.
I can understand why some people play the 0.01 isk game, for a small trader with lots of time it is a great way to make isk.
Pick a good spot, set upp your sales and monitor.
However once you get past that and start trading more as an industry then movement of goods become more important than isk gain per unit.
The pivit point for this is actually suprisingly early.
In order to set upp the sales you have to have the goods at the right places, in order to have the goods at the right places you need stock of goods, in order to have stocks of goods you need manufacturing running, in order to have manufacturing running you need minerals and most manufacturers today buy their minerals ie you need isk.
Since the mineral prices go upp and down alot you tend to invest in them when they are cheap wich can leave you with huge sums of isk tied upp in assets you wont use now thus the sales must roll so that you can keep the whole thing rolling.
Isk is the grease that lubricates the whole thing.
I am not involved with the whole process but have my fingers in many jars of jam, some bigger some smaller but all have a need to make sales constantly.
Thus when I sell stuff I dont want to share the market with you, I dont want to loose 50% of my profit to you when I can chase you off by lowering my profit by 10, 20 or even 30% I will still end upp with a net gain.
Additionally I usually have well over 100 sales orders out and several of thise will be underbid by the 0.01 players only monetoring possibly 30 trades before I can update all of mine thus my best option is to run the others off.
The fastest and easiest way to do that is to lower my prices alot. best case scenareo is that you buy my stock after I drop my price the first time clearing me my profit instantly and then you have the market untill I can restock that item, this is actually prefered by me as I get my isk fast and hassle free... the fact that you will get less than a weeks fun free of me is besides the point ;)
Personally I dont have any illution that I can make a great dent in the prices of the game, prices fluctuate almost every day, an item I put upp for 300k one day I may put upp for 1.3mil the next and likewise I might lower an order not selling for 1.5 mil to 700k to get the item moving.
I follow the market where it is going, I try to get rid of my competition via price and other incentives however as a whole I am just one petit player in a huge market.
In summation, I hope you are not trying to move stuff in competition with me, I will keep being "stupid" and do large price drops to try to get rid of you.
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Inspiration
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Posted - 2007.10.27 18:45:00 -
[73]
Lets not forget BOT sellers!
No player can compete with a BOT seller that can react immediately and undercuts you by 0.01. People will feel the need to seriously lower price in order to sell anything at all.
Real life, sleep and the annoying process of baby-sitting your orders while you can do something more productive is what drives people to hate 0.01 kind of players (like the OP). Then on top of it we, all the others, get called stupid (but we make much more ISK).
Copying the pricing style of a BOT, knowing you cannot compete with it following that same strategy is what I would qualify as stupid....but thats just me :).
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Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 18:48:00 -
[74]
Edited by: Gamer4liff on 27/10/2007 18:51:30
Originally by: Fester Addams
In summation, I hope you are not trying to move stuff in competition with me, I will keep being "stupid" and do large price drops to try to get rid of you.
And what do you do when you attempt to raise the price again and others come in to take advantage of it? There is no net gain from dropping the price in popular markets. It is impossible to eliminate competition in any of the medium or large markets on popular goods.
I personally only do .01 undercuts because the markets I sell in are very specialized and have only a few (if any other than me) suppliers.
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Saris Dadra
Drifter Unincorporated
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Posted - 2007.10.27 18:50:00 -
[75]
I don't undercut by insane amounts because I want to make a profit, I undercut by insane amounts because I don't want you to make a profit. I don't really care if I'm making less money than I could be, but I like the fact that as long as I hold the prices down your not making as much profit as you would otherwise be. If you buy my stock I'm more than happy to replenish it, and have you have all your isk tied up in assets you can't sell. It's PvP griefing in its finest form, live with it.
--Saris |

Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 18:53:00 -
[76]
Originally by: Saris Dadra I don't undercut by insane amounts because I want to make a profit, I undercut by insane amounts because I don't want you to make a profit. I don't really care if I'm making less money than I could be, but I like the fact that as long as I hold the prices down your not making as much profit as you would otherwise be. If you buy my stock I'm more than happy to replenish it, and have you have all your isk tied up in assets you can't sell. It's PvP griefing in its finest form, live with it.
--Saris
This is why I don't bother with the T1 market right here. 
---Gamer4liff
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Inspiration
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Posted - 2007.10.27 18:53:00 -
[77]
Originally by: Gamer4liff Edited by: Gamer4liff on 27/10/2007 18:49:46 Edited by: Gamer4liff on 27/10/2007 18:48:43
Originally by: Fester Addams
In summation, I hope you are not trying to move stuff in competition with me, I will keep being "stupid" and do large price drops to try to get rid of you.
And what do you do when you attempt to raise the price again and others come in to take advantage of it? There is no net gain from dropping the price in popular markets. It is impossible to eliminate competition in any of the medium or large markets on popular goods.
He makes ISK by selling in volume and doing that at a relentless pace, like all the bigger industrialist do. He doesn't have to up the price as he has no control, he just follows the uncontrollable market and undercuts it enough to get rid of his inventory before he gets more stuff out of the factories.
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Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 18:56:00 -
[78]
Originally by: Inspiration
Originally by: Gamer4liff Edited by: Gamer4liff on 27/10/2007 18:49:46 Edited by: Gamer4liff on 27/10/2007 18:48:43
Originally by: Fester Addams
In summation, I hope you are not trying to move stuff in competition with me, I will keep being "stupid" and do large price drops to try to get rid of you.
And what do you do when you attempt to raise the price again and others come in to take advantage of it? There is no net gain from dropping the price in popular markets. It is impossible to eliminate competition in any of the medium or large markets on popular goods.
He makes ISK by selling in volume and doing that at a relentless pace, like all the bigger industrialist do. He doesn't have to up the price as he has no control, he just follows the uncontrollable market and undercuts it enough to get rid of his inventory before he gets more stuff out of the factories.
You say he has no control over the price, but he says he can drop the price to force people out of the market.
So which is it?
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Saris Dadra
Drifter Unincorporated
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Posted - 2007.10.27 19:01:00 -
[79]
Originally by: Gamer4liff
This is why I don't bother with the T1 market right here. 
---Gamer4liff
Glad I could help 
--Saris |

moschka
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Posted - 2007.10.27 19:03:00 -
[80]
Actually i agree with this post. I made some badgers and a guy sold some badgers 1 jump away in same region. He sold them way under productioncost...so i bought them and resold them.Then i asked him how he could produce them soo cheap?? Because i was kind of new to this game i figured i was missing something. He told me he only had a cost about 300 k a batch....(manufactoringcost)soo, were was the cost for minerals?? He had done this for 2 year and really didnt think of do the math about it... I earned 500 k each badger I didnt see him selling badgers anymore in that system, he prob realized he had done wrong for a couple of years.
I think people dont think too much in this game, they just do things 
mos
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Inspiration
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Posted - 2007.10.27 19:03:00 -
[81]
Edited by: Inspiration on 27/10/2007 19:04:57
Originally by: Gamer4liff
Originally by: Inspiration
Originally by: Gamer4liff Edited by: Gamer4liff on 27/10/2007 18:49:46 Edited by: Gamer4liff on 27/10/2007 18:48:43
Originally by: Fester Addams
In summation, I hope you are not trying to move stuff in competition with me, I will keep being "stupid" and do large price drops to try to get rid of you.
And what do you do when you attempt to raise the price again and others come in to take advantage of it? There is no net gain from dropping the price in popular markets. It is impossible to eliminate competition in any of the medium or large markets on popular goods.
He makes ISK by selling in volume and doing that at a relentless pace, like all the bigger industrialist do. He doesn't have to up the price as he has no control, he just follows the uncontrollable market and undercuts it enough to get rid of his inventory before he gets more stuff out of the factories.
You say he has no control over the price, but he says he can drop the price to force people out of the market.
So which is it?
It is not a contradiction!
He has no control on the price that the good actually sell at, but he does control his own pricing versus others. In addition to that he can optimize the production costs. He could for example buy ore for say 10% below what he would have to pay for refined minerals on the market. He can use both fast and slow moving buy orders for said minerals. Both in effect lowering his production costs relative to the situation of buying all minerals directly in Jita by paying more then other peoples buy orders.
I think the focus here is too much on the selling part, and not enough on the just as important other parts that help make a profit and determine who winds and who does not.
The realy scarce good here isn't the ISK, its the players time and always will be! That is what you should optimize for! And that dear players, renders the 0.01 strategy a lame duck compared to all other fair (bot-less) strategies out there :).
Does this make sense to you?
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Fester Addams
Minmatar
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Posted - 2007.10.27 19:04:00 -
[82]
Originally by: Gamer4liff Edited by: Gamer4liff on 27/10/2007 18:49:46 Edited by: Gamer4liff on 27/10/2007 18:48:43
And what do you do when you attempt to raise the price again and others come in to take advantage of it? There is no net gain from dropping the price in popular markets. It is impossible to eliminate competition in any of the medium or large markets on popular goods.
Who said I would raise the prices?
Like I said Im looking for profit, I have a span in wich I can move, well I say span but that implies it has both a minimum and a maximum value, I have a minimum and a theoretical infinite maximum price.
In order to be happy I will compete with people in price and other methods untill my profit margin drops too low, at that point I will step aside, just like everyone else... well almost everyone, you can push some people to sell even at a loss.
Anyhow, my threashold is sometimes higher that my competition at wich time I am robbing them of their profit by denying them the possibility to raise prices above me without loosing their sales wich may or may not make them feel its not worth selling in competition with me.
Or wich happens more frequently my competition bails. When this happens I am still making an acceptable profit, after a while I will start raising my prices untill I start gaining competition again, this would be the pivit point so I drop just below that and stay there.
That was the simplified version. In reality you will have competition in all products with a decent possibility all the way even below where it generates profit.
What you have to do is use other incentives.
In any case, if you cant make a profit in this market then you might consider somthing easier such as piracy, ganking, mining...
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Ivy Axisur
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Posted - 2007.10.27 19:04:00 -
[83]
Fester, I see your strategy.
It makes sense, but itÆs rarely the way I actually see it working. Your strategy sounds feasible (in fact itÆs what I do) with low-volume stuff. A monthÆs worth of some specific named item, a 10-run batch of T2.
Generally speaking, I have a large number of small orders and several big ticket items (high value / large quantity). ItÆs only these that I monitor, and it never fails that someone eventually kills profitability.
IÆve learned to adapt. I pull my inventory off the market and wait for the price to rise. Or try to force a price rise by buying up inventory when it gets close to cost.
Still itÆs annoying and pointless to constantly go through this cycle, just because someone on the market doesnÆt recognize the pattern.
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d026
THE LEGION OF STEEL WARRIORS.... R0ADKILL
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Posted - 2007.10.27 19:08:00 -
[84]
Originally by: Fester Addams
Originally by: d026 Edited by: d026 on 27/10/2007 16:26:41
Originally by: Jenny Spitfire Well if you want me to put it bluntly in the context of carebears vs non-carebears. 0.01 ISK undercut is for carebears and millions of ISKs undercut is for non-carebears. :)
undercutting by 0.1 is basic marketing.. people buy from me weather i undercut you by 0.00001 isk or 100000 isk. you are just doing charity.
No she is trying to force you out of buisness.
I do the same thing, I want to maximize my profits but rather than playing the 0.01 isk game I drop the price a considerable amount to show my competitors that I am serious! Back off and let me have this market!
True new competitors always come out of the woodworks, especially if you are trading in a hub such as Jita but that is what makes the trading game fun.
What is really fun is when some shmuck buys your whole stock of an item and places it back on the market at a 20% price increase only to find out the hard way that I had a large stock of the item in reserve.
You see its not always wise to put upp your whole stock at once...
In the Jack selling exxecutioners post above, if he had put upp 100 ships he would have been undercut, the OP states so herself but 10... let em sell out. Then put upp another 10, and another 10...
Five or six such orders later the others may get wise to the fact that he is actually selling 100+ units, just a few at a time :)
The market has alot of weapons, price is only one of them.
Seling for LESS than you could is not maximizing your profits. Its maximizing your turnover..
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Gamer4liff
Caldari Metalworks THE INTERSTELLAR FOUNDRY
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Posted - 2007.10.27 19:10:00 -
[85]
I could see different strategies working in different markets. I myself really only have a lot of experience in specialized T2 markets of the things I produce. For those markets people generally follow standard .01 procedure (except for the tards who sell at region average even if there are no other sell orders). It really all depends on the market.
but what doesn't make sense to me is people undercutting in small amounts like 100 or 10, or even 1. .01 does the job fine enough.
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Reem Fairchild
Minmatar Republic University
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Posted - 2007.10.27 19:13:00 -
[86]
People who drop by 0.01 ISK are annoying. Especially when it is on items that cost millions. What's the big difference between 0.01, 1, 100, or even 10,000 ISK when you are selling say 20 Items that cost 10 mil each?
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Fester Addams
Minmatar
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Posted - 2007.10.27 19:15:00 -
[87]
Originally by: Ivy Axisur Fester, I see your strategy.
It makes sense, but itÆs rarely the way I actually see it working. Your strategy sounds feasible (in fact itÆs what I do) with low-volume stuff. A monthÆs worth of some specific named item, a 10-run batch of T2.
Generally speaking, I have a large number of small orders and several big ticket items (high value / large quantity). ItÆs only these that I monitor, and it never fails that someone eventually kills profitability.
IÆve learned to adapt. I pull my inventory off the market and wait for the price to rise. Or try to force a price rise by buying up inventory when it gets close to cost.
Just out of curiosity.. by pulling it off market do you meen cancelling the order and loosing your fees or do you meen simply leaving the order in place bumping it from time to time with small alterations in wait of better times?
Quote: Still itÆs annoying and pointless to constantly go through this cycle, just because someone on the market doesnÆt recognize the pattern.
Dont get me wrong here, I know the pattern, I see it and know how it works, even have the T-shirt with the pattern splattered all over both front and back, Im simply one of those that profit from the fact that others think the pattern is law.
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Ivy Axisur
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Posted - 2007.10.27 19:17:00 -
[88]
Originally by: d026
Seling for LESS than you could is not maximizing your profits. Its maximizing your turnover..
Very true!
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Inspiration
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Posted - 2007.10.27 19:17:00 -
[89]
Originally by: Reem Fairchild People who drop by 0.01 ISK are annoying. Especially when it is on items that cost millions. What's the big difference between 0.01, 1, 100, or even 10,000 ISK when you are selling say 20 Items that cost 10 mil each?
The obvious difference is that more order changes happen, depriving people of time better spend elsewhere in the game. So by its very nature its far from optimal to use 0.01, as the possible gains of earning say, that 100k ISK more per item is kind of worthless when you can pop a NPC in say 1 minute and have more ISK.
Also, the gain you get with tighter pricing is not structural, but gains you get by optimizing BPO and mineral buying strategies is. So all the 0.01 folks are just annoying people, ruin their own and others time and end up with less ISK then they otherwise would have. And they think they are smart ofcourse, so others must be stupid :)
I think you get the idea :)
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d026
THE LEGION OF STEEL WARRIORS.... R0ADKILL
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Posted - 2007.10.27 19:19:00 -
[90]
Edited by: d026 on 27/10/2007 19:20:59
Originally by: Reem Fairchild People who drop by 0.01 ISK are annoying. Especially when it is on items that cost millions. What's the big difference between 0.01, 1, 100, or even 10,000 ISK when you are selling say 20 Items that cost 10 mil each?
ther difference is rationality. why sell for 9.98 when you can sell for 9.99? if you dont care about maximizing your profits you are doing charity.
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