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LaVista Vista
Corporate Research And Production Pty Ltd
Zzz
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Posted - 2008.01.03 23:55:00 -
[1]
Just curious what you do, if you get too much competition on an item? Do you pull out, or crash the market and hope that whoever does trade in it, will leave it?
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eosfun
Gallente
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Posted - 2008.01.04 00:14:00 -
[2]
T2 BPO's a problem for you now?
Well, just tell them to f off by crashing the market and if that doesn't work, just leave that sector.
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Monty Kvaran
Caldari
Consolidated Sprocket
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Posted - 2008.01.04 00:15:00 -
[3]
Edited by: Monty Kvaran on 04/01/2008 00:15:36
I'd say it depends on your angle, if your manufacturing, then you need to decide if the market can support the number of sellers, if it can't or your a reseller, I'd move quickly towards crashing the market over a day or two, but see if something short of crashing the market will scare them off.
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Assens Letta
Hunerian Science Institute
Pax Atlantis
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Posted - 2008.01.04 00:22:00 -
[4]
depends on the ammount of production you have at you disposal and your funds tbh, in the medium long term crashing the market can be a good option, but that requires timing, settling for lesser earning 8manufacturer POV) is also a good option.
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Danari
Amarr
Viper Squad
Triumvirate.
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Posted - 2008.01.04 09:47:00 -
[5]
I have a spreadsheet with current cost, manufacture time and current sell price. When a factory slot frees up I build whatever I'm low stock on that has the highest profit per factory day. As competition arrives, other items may become more profitable to build, so that's what I do. Meanwhile I push the price down to sour the competition.
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LaVista Vista
Corporate Research And Production Pty Ltd
Zzz
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Posted - 2008.01.04 09:48:00 -
[6]
In this case its actually trading 
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Auri Hella
Anqara Industries
Blue Sky Consortium
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Posted - 2008.01.04 11:26:00 -
[7]
I usually try undercutting by a small amount for a few days. If the competition is persistent and undercuts me back fairly rapidly every time it's needed I try a more aggressive approach which may involve cutting the margin by a substantial amount, buying out the competition, swamping the market with more orders or anything else I may think works.
If that doesn't do the trick I may try to reduce my own profits to almost nothing on that particular item for a while and see if that scares them off. I diversify my trading, making no profit on an item for a bit to annoy other people away is something I can handle.
If all that doesn't work it may be time to look for greener pastures.
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Brisco Smiley
Peppermint Bay Trading Company
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Posted - 2008.01.04 17:51:00 -
[8]
I price things at cost plus margin (pegged to the sale value of minerals to be had from reprocessing). There are several disadvantages to this approach, but a couple of benefits. Mostly it means that I don't have to camp the market to stay ahead of undercutters. If they want the sale at a lower margin than I am willing to take, they can have it. If someone goes too far below me, they are selling items for less than the worth of the minerals necessary to build them. I buy them out, reprocess and sell--easy money. My little-league baseball coach always told us "play the ball; don't let the ball play you." That is what I do.
The disadvantages to that approach mostly come down to inventory velocity (volume) and long term mineral price changes. I don't make money fast, but I always make a modest profit without having to do market PvP.
Cheers,
Brisco Smiley
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Shadarle
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Posted - 2008.01.04 17:59:00 -
[9]
It depends on how well you know the market. If it's a market you've been in for months and a new guy comes along and annoys you then it's simple. Crush them. Destroy the margins, make the person lose money and sell for a loss. Keep margins low till he leaves. Then get your margins back.
If it's a new market to you then it can require more finesse so you can understand how the market works. Try lowering it slowly. If you can't compete due to someone being a 23/7 updater then it's time to crash the market. See what happens. Worst case, you move on and leave him with a worthless market.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Alz Shado
Ever Flow
Knights Of the Southerncross
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Posted - 2008.01.04 20:28:00 -
[10]
If someone is drastically overpaying for an item, simply set up a buy order where the item is cheaper, then fly them in and dump them all on him at once. Then put up a few for sale for practically no profit so he can't turn around and make a quick profit on them. This works best on expensive, high volume items with a minimal resale value.
Voila, you've got the high buy order set back to your acceptable range, your competitor is stuck with stock he can't use get rid of quickly.
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Ufl
Caldari
Nucon
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Posted - 2008.01.04 20:31:00 -
[11]
what you do is when you see someone post something important like
why your EBANK is a scam
you quickly make a few useless posts to try to push the thread downwards and away from anyone who may find it useful. you also fill the thread with useless information so it doesnt make sense.... Keye Soze?
You are proving that all these characters are even more likely to be owned by the same person.
http://www.NewUniverseExchange.com |
Auri Hella
Anqara Industries
Blue Sky Consortium
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Posted - 2008.01.04 21:48:00 -
[12]
 Originally by: Ufl
You are proving that all these characters are even more likely to be owned by the same person.
It's me. The alt of the OP. 
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LaVista Vista
Corporate Research And Production Pty Ltd
Zzz
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Posted - 2008.01.04 21:50:00 -
[13]
Originally by: Ufl
what you do is when you see someone post something important like
why your EBANK is a scam
you quickly make a few useless posts to try to push the thread downwards and away from anyone who may find it useful. you also fill the thread with useless information so it doesnt make sense.... Keye Soze?
You are proving that all these characters are even more likely to be owned by the same person.
...
.....
A++ conspiracy theory, would read again.
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Brisco Smiley
Peppermint Bay Trading Company
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Posted - 2008.01.04 22:30:00 -
[14]
Originally by: Ufl
Key[ser] Soze?
The greatest trick the devil ever pulled was convincing the world he didn't exist.
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Daerkannon Shimmerscale
Gallente
Paxton Industries
Paxton Federation
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Posted - 2008.01.04 23:30:00 -
[15]
Originally by: LaVista Vista
A++ conspiracy theory, would read again.
No thanks. This place is starting to smell more like CAOD with all the tin foil flying around. All Ulf needs to do is join the Goons.
To answer the original question I'll more often than not just stop trading that item for a while. Typically someone flooding the market or too much competition crashes the prices to where it's not worth trading anyway. Of course this is for the markets I trade in. If you have a quieter place to trade with only a handful of competitors it may be worth souring the milk.
---
Honest officer, the dwarf was on fire when I got here!
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Sharpclaw
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Posted - 2008.01.05 00:26:00 -
[16]
Depends on the items and person I am competing against. My latest competitor updates more often then I do so I was jacking my buy price up until he droped his order(s). Then he usually switches over to other items and I have to do it over again.  However, lately I've had a lot of time off from work so I've actually changed tactics and been beating him at the update game.
Ultimately though I will change tactics and in general do what ever I can to run someone off from what I consider 'my' area/market. Having a lot of diverse orders, a ton of patience, and a good sized wallet all help.
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Hexxx
Minmatar
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Posted - 2008.01.05 03:54:00 -
[17]
My competition?
To quote the great Johnny Cash, "I shot a man in Reno, just to see him die."
Seriously; I used to wipe out profits on items I traded. I essentially would trade them at zero profit for several weeks just to make my competition pack up and move elsewhere. It actually worked once or twice, but in time I learned to move on to some other more profitable strategies.
Consulting, IPO Template, and Stock/Bond definitions.
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FastLearner
Fury Holdings
Brutally Clever Empire
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Posted - 2008.01.05 04:47:00 -
[18]
Originally by: Hexxx
My competition?
To quote the great Johnny Cash, "I shot a man in Reno, just to see him die."
Seriously; I used to wipe out profits on items I traded. I essentially would trade them at zero profit for several weeks just to make my competition pack up and move elsewhere. It actually worked once or twice, but in time I learned to move on to some other more profitable strategies.
Yep - this. But it relies on you having more ISK than your competitor.
Basciallyu you tie their ISK up in goos which, even if they sell, make no profit. Provided you have other ISK making you profit yo ucan absorb it - and they can't. And it forces them out of the market. If you're the one with less ISK then you need either your oppoent to be an idiot or for you to be an idiot - as on an open market the one with the most ISK wins. Anti-competitve practices like tha tare actually illegal where I live (the UK) though are notoriously hard to prove (the only siccesful cases relied on leaked internal documents). In Eve you have no legal recourse - so either be the one with the most ISK or do something else.
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Jade Grimpkin
Grimpkin Independent Traders
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Posted - 2008.01.05 12:01:00 -
[19]
more money or just more patience.
There always room for more traders in most markets, just don't hang around Jita :-)
What do i do? hmm, think i just hang in there and hope they go away. But not exactly hard core trader here.
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