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Unexperienced crafter : Do business, dont kill gtn !

STAR WARS: The Old Republic > English > Crew Skills
Unexperienced crafter : Do business, dont kill gtn !

sirwyst's Avatar


sirwyst
03.06.2012 , 09:55 PM | #1
This is a desperate call to all NEW Crafters...:=(

I am not here to tell anyone to do anything, this is everyone responsibility. However, please be careful on your pricing and what you do to ensure you do not endanger GTN market price.

1) Purple and Blue items pricing
- Before putting on GTN an item you have RE, check the approx price of individual Mats. Happened to see some items listed at 2450 while it required like 5 Dragon Krayt MAT to build and each of them would cost you between 1k to 5k each ! This means the item you are selling 2.5k could cost you up to 25k to produce and not only you loose 22k in the operation but you totally destroy GTN market price list

2) Orange item
Same here and before you put on sell a nice orange item you learned from a schematic, check its market price please. I now see crafters putting some level 39 Phobium item at 1779 ! OMG !!!!! You could sell this from 10k to 25k at least......

While I am totally open for a sane competition between crafters, being cheaper is always good for the customer of course, we are all here to do business so please be careful....:=)

Same would go in combat where you would expect people to behave and play properly right ? While it goes same here.

Wondering what we can do...and I am afraid nothing much....

Maybe we should create a Merchant Guild like in old time and control GTN pricing...

Any suggestion before I start to cry because on non experienced players destroying a great economy market.....:=)

LordoftheMoo's Avatar


LordoftheMoo
03.06.2012 , 10:01 PM | #2
Umm, that's what's called a free market. You sell items for what you think they are worth, and buy them for the same. If I have an abundance of X, or X is worthless to me for whatever reason, it's perfectly acceptable to see it for whatever I consider "fair". If that's half (or 10%) of what you sell that same thing at, then sorry but I'm going to get their money and you are not. Besides, if I do have a surplus of something and you're selling it for say 1500, it's sensible for me to sell it for less, so that *I* get the money, and you don't. After all, if we price fix then they will just randomly buy it from whomever, and well I want the money too!

Battilea's Avatar


Battilea
03.07.2012 , 12:08 AM | #3
Quote: Originally Posted by LordoftheMoo View Post
Besides, if I do have a surplus of something and you're selling it for say 1500, it's sensible for me to sell it for less, so that *I* get the money, and you don't. After all, if we price fix then they will just randomly buy it from whomever, and well I want the money too!
Actually, if you want to stay in the market, the sensible thing is to not undercut him. If you undercut, he'll have to match your price or...if he follows the same philosophy, undercut you in return. Classic prisoner's dilemma.

Of course, if you're just dumping stuff, well, then price to move

Spero-Mcgee's Avatar


Spero-Mcgee
03.07.2012 , 01:36 AM | #4
Quote: Originally Posted by Battilea View Post
Actually, if you want to stay in the market, the sensible thing is to not undercut him. If you undercut, he'll have to match your price or...if he follows the same philosophy, undercut you in return. Classic prisoner's dilemma.

Of course, if you're just dumping stuff, well, then price to move
This is true, however considering the state of servers being light in population, I see a lack of lower lvl mats and even the high end materials are rare at times.
I provide for myself in every craft through each gathering on my chars.
It's tedious and costly(mostly time though, creds are easy to get).
Doing business is difficult simply because the pool of players ( the market ) is low to begin with, which is actually a far bigger issue to be honest then pricing.
At the moment I even have dozens of Mandalorian Iron I can't use, because I picked up UWT missions through things like Investigation and slicing and also simply buying them cheapy of the GTN. Especially both 340 Investigation went so cheaply on my server and still do (usually by the same player) for around 4K. Even though I didn't need them I kept buying them because I know in advance that I'll need them.
However I reckon with how easy gathering goes for me there will come a time that I have such a surplus on stuff, that I'd almost be inclined to just give it away to help out other players. Or just put it on the GTN for very low prices.

This might spell bad news for people looking to make a profit, but really getting creds with just dailies on 1 char each day is incredibly easy. I got 3 chars at 50, I bothered to do the dailies with 2 chars. Imagine when I get to the point of having all 8 adv.classes, have a free day and decide to do the dailies with all them for a whole day, yeaaah.

Battilea's Avatar


Battilea
03.07.2012 , 01:56 AM | #5
Quote: Originally Posted by Spero-Mcgee View Post
However I reckon with how easy gathering goes for me there will come a time that I have such a surplus on stuff, that I'd almost be inclined to just give it away to help out other players. Or just put it on the GTN for very low prices.
The OP is talking about goods though, not mats. As a crafter, he'd probably love for you to put your mats up cheap

Mats I've just dumped as well. Though mandy iron? Don't dump that, use it to learn some recipes you wouldn't ordinarily go for, the ones that start blue. See if you can get one to a good 2nd tier purple.

SintLuciferNL's Avatar


SintLuciferNL
03.07.2012 , 02:47 AM | #6
Well i did a little experiment.

I have synthweaving at 400. Created 2 light armor orange gear (both the same)
Put them on the GTN

#1 for 2500
#2 for 25000

Number 2 was sold in a couple of hours. Number 1 is still for sale :P

Baelish's Avatar


Baelish
03.07.2012 , 02:58 AM | #7
Quote: Originally Posted by LordoftheMoo View Post
If I have an abundance of X, or X is worthless to me for whatever reason, it's perfectly acceptable to see it for whatever I consider "fair".
Nevertheless, it's economically "stupid" to do so, when the market would consider the price to be higher. Sure, you've got half a dozen Krayt Dragon Scales and a pile of other level 3 mats left over after making all the things you'll ever want. Making something for a skillup (when you could make something else from lesser materials) and then selling it for less than the market price of its components is just doing yourself out of money.

Do you put green items up on the GTN for less than you'd get for them off the vendor?

sirwyst's Avatar


sirwyst
03.07.2012 , 04:03 AM | #8
@LordoftheMoo : I would agree if people would do it on purpose. Most of the time those people have no clue they are killing the market and no clue about the value. Am not referring to a 10% cheaper but selling something 1k while you can sell it 10k is just criminal and totally "stupid" for everyone lol....

@others : True raw mat usually tend to make a bigger profit. As a crafter, I usually give for free a good equipment to the people I play with in a group. This is good business for me and hopefully they would contact me for more gears. Am not sure anymore though, maybe am too idealistic lol.

@SintLuciferNL : yes agreed, most of the time it works, but when someone put 10x the same orange item for 1k credit, well, not anymore. We should put a rule there preventing people to screw the system lol

The other thing is that I realized green items reaching level 25 + almost never sell at high price and it is very difficult to get good value for purple items for mid levels. First it cost money to produce and you want to generate a good profit, second, players tend to change frequently items so wont invest much. Maybe I should stick to blue and stop trying to RE them lol.

But back to my original post, I wish there could be a Guild to contact those people and teach them how to do business...:=)

Battilea's Avatar


Battilea
03.07.2012 , 04:08 AM | #9
Quote: Originally Posted by SintLuciferNL View Post
Well i did a little experiment.

I have synthweaving at 400. Created 2 light armor orange gear (both the same)
Put them on the GTN

#1 for 2500
#2 for 25000

Number 2 was sold in a couple of hours. Number 1 is still for sale :P
Heh, that's funny. Obviously someone skipped the cheap stuff, thinking there'd be nothing useful for him there.

Battilea's Avatar


Battilea
03.07.2012 , 04:12 AM | #10
Quote: Originally Posted by sirwyst View Post
@others : True raw mat usually tend to make a bigger profit. As a crafter, I usually give for free a good equipment to the people I play with in a group. This is good business for me and hopefully they would contact me for more gears. Am not sure anymore though, maybe am too idealistic lol.
Nah, that's just advertising. And you are also applying some psychology. Sort of like how car salesmen offers you a discount, because it leaves you feeling that you owe them something, builds trust and such, thereby making it easier for them to sell you a car.

You give them free stuff, they want new gear and automatically think of you, plus they sort of owe you, you gave them free stuff. And obviously you're a fair guy, because you gave them free stuff, so not out to rip them off.