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Why do people insist on killing prices?

STAR WARS: The Old Republic > English > General Discussion
Why do people insist on killing prices?

bwherbert's Avatar


bwherbert
07.13.2012 , 01:36 PM | #11
People will continue to undercut because the listings are organized according to price. I could charge 30k for biometric crystal and be on page 38...or sell it for 25k and be on page 1.

My advice to to go biochem or slicing if you want to make consistent money on the gtn. People will always need their stims and neural augmentors. I have alts specifically for biochem and slicing. That's all they do

TheBBP's Avatar


TheBBP
07.13.2012 , 01:37 PM | #12
Quote: Originally Posted by Socialist View Post
I have a hobby that consists of breaking markets.

I love to stack on an item then sell it for basically nothing.

Already broke the Biometric Alloy market on my server (not alone though, but I would go berserk at this lowering prices trend), now proceeding to break the Aug Kit market.


I just like to make goodies available to everyone, so I lower the prices.
How very... Socialist... of you.

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Socialist's Avatar


Socialist
07.13.2012 , 01:41 PM | #13
Quote: Originally Posted by TheBBP View Post
How very... Socialist... of you.



well, you don't need much money in this game so I am not losing much doing so.

Also, if I want money, I do dailies instead of profiting (thus exploiting) on other players.
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FlippinFlapJack's Avatar


FlippinFlapJack
07.13.2012 , 01:49 PM | #14
Quote: Originally Posted by TheBBP View Post
How very... Socialist... of you.

What amazes me is that it took an entire minute for someone to call him socialist.
Only a Sith deals in absolutes. --Obi Wan Kenobi

DarthTHC's Avatar


DarthTHC
07.13.2012 , 01:50 PM | #15
Quote: Originally Posted by Socialist View Post


well, you don't need much money in this game so I am not losing much doing so.

Also, if I want money, I do dailies instead of profiting (thus exploiting) on other players.
Earning a profit is exploiting? Huh?

Kalfear's Avatar


Kalfear
07.13.2012 , 01:51 PM | #16
Quote: Originally Posted by Socialist View Post
I have a hobby that consists of breaking markets.

I love to stack on an item then sell it for basically nothing.

Already broke the Biometric Alloy market on my server (not alone though, but I would go berserk at this lowering prices trend), now proceeding to break the Aug Kit market.


I just like to make goodies available to everyone, so I lower the prices.
130k for a augment?

now I havent fooled around with augments yet but I do have a 400 skill everything but slicing and bio (spread over multiple characters of course) and I dont see how 130k is legit pricing!

So yeah, maybe ill finally figure it out and start selling them at cost!

Seems like the market (and OP) trying to gouge right now as its new.
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You get what you pay for
No game restriction is so dire that $15.00/month will not eliminate it

Erasimus's Avatar


Erasimus
07.13.2012 , 01:56 PM | #17
Augment Mats are pretty expensive if you buy them and pretty time consuming to gather all the mats. I doubt you'll ever see them much lower than 90k. I know I wouldn't even bother making and selling them for less than that.

As for undercutting, the deposit you lose is significant on high price items which helps keep down the reposting a bit. In WoW it is common to see "price wars" where an item will go from say 10000 gold to 250 in 20 minutes since it doesn't cost anything to remove and repost items. In a way it makes it more interesting that way
"Give light and the darkness will disappear of itself."

DarthTHC's Avatar


DarthTHC
07.13.2012 , 01:58 PM | #18
Quote: Originally Posted by Kalfear View Post
130k for a augment?

now I havent fooled around with augments yet but I do have a 400 skill everything but slicing and bio (spread over multiple characters of course) and I dont see how 130k is legit pricing!

So yeah, maybe ill finally figure it out and start selling them at cost!

Seems like the market (and OP) trying to gouge right now as its new.
Here's how 130k is legit pricing.

The cost of Advanced Neural Augmentors on the GTN is 19-22k. Let's call it 20k. So that's 80k in cost of goods to produce the augment and you haven't even gotten to the metals or gems or whatever else you need to put into it to make it. So let's call it 85k.

If you sell it for less than 85k, you could make more money selling the raw materials.

The GTN takes 5% of your sale. To break even on 85k worth of materials, you have to list it for about 89,500.

It takes you time to gain your skill, reverse engineer to the purple schematic, manage and gather resources, even if you buy them from GTN, manage your sales, etc. How much profit is that worth? Do you want 20%? Is that fair? (Probably cheap, so let's go with that.)

20% profit on top of 85k is 17,000, so you want to have an after-GTN-fee return of 102,000 if you want a 20% profit margin. To get that, you have to list the piece for about 107,400.

130k is not outside the realm of reason. Take GTN's fee off that and you're at 123,500 for a profit of 38,500 or about 45%, which is absolutely reasonable for a (real-world), highly-coveted item.

But, hey, post 'em up for whatever you want. If you post too low, I'll buy 'em and relist until you run out of resources.

TheBBP's Avatar


TheBBP
07.13.2012 , 01:59 PM | #19
None of it is still not as bad as the dude on my server who advertizes to make the stuff if you bring him 100k and the mats.
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Erasimus's Avatar


Erasimus
07.13.2012 , 01:59 PM | #20
Quote: Originally Posted by Socialist View Post


well, you don't need much money in this game so I am not losing much doing so.

Also, if I want money, I do dailies instead of profiting (thus exploiting) on other players.
Some people prefer dailies and some crafting for making money. I'll continue to craft so you have someplace to spend all that money from the dailies
"Give light and the darkness will disappear of itself."