If it doesn't sell in a few days then it's overpriced.
I didn’t vote because I honestly don’t care, but I will say this: if your item hasn’t sold in 15 days, it likely will not sell in 30 days. Before the change, I simply disregarded any item listed for longer than a week as “too expensive,” and I suspect many others are the same. If my stuff doesn’t sell within a few days of listing, then I know I’ve priced it too high or listed something that isn’t in demand.
It would be really helpful if when an item has expired, the message in the mail told us which Guild it had expired from, instead of just reading 'From Guild'.
I need to repost it to a different Guild.
Thanks.
I didn’t vote because I honestly don’t care, but I will say this: if your item hasn’t sold in 15 days, it likely will not sell in 30 days. Before the change, I simply disregarded any item listed for longer than a week as “too expensive,” and I suspect many others are the same. If my stuff doesn’t sell within a few days of listing, then I know I’ve priced it too high or listed something that isn’t in demand.
Mathius_Mordred wrote: »It doesn't really make a lot of difference, if you item doesn't sell within a day or two then it's not going to get found on TTC unless it's specifically searched for. It will then only be found if someone happens to be browsing your guild store in a town somewhere and happens to see it. 2 weeks is plenty long enough. I think they should have reduced the listing fee though.
That's the problem. A lot of people and guilds are severely overestimating the value of their items, so they don't make sales. I guarantee any seller having sales issues will sell if they simply understand the market has changed and adjust. The same goes for any guilds who are still bidding in 100mil+ for kiosks. That is unsustainable and you will die then other guilds will take your place with lower bids which is what we see happening right now.boi_anachronism_ wrote: »If im selling something in the 1m price range i dont want to pay to keep relisting it or cut it down by 30% to sell it. That is in turn impacting guild traders.
That's the problem. A lot of people and guilds are severely overestimating the value of their items, so they don't make sales. I guarantee any seller having sales issues will sell if they simply understand the market has changed and adjust. The same goes for any guilds who are still bidding in 100mil+ for kiosks. That is unsustainable and you will die then other guilds will take your place with lower bids which is what we see happening right now.boi_anachronism_ wrote: »If im selling something in the 1m price range i dont want to pay to keep relisting it or cut it down by 30% to sell it. That is in turn impacting guild traders.
If sellers still stubbornly cling to high prices hoping to sell at old prices or a slight discount, they'll be replaced too and they actually lose money because the value of their items is dropping more and more the longer they wait to sell.
boi_anachronism_ wrote: »That's the problem. A lot of people and guilds are severely overestimating the value of their items, so they don't make sales. I guarantee any seller having sales issues will sell if they simply understand the market has changed and adjust. The same goes for any guilds who are still bidding in 100mil+ for kiosks. That is unsustainable and you will die then other guilds will take your place with lower bids which is what we see happening right now.boi_anachronism_ wrote: »If im selling something in the 1m price range i dont want to pay to keep relisting it or cut it down by 30% to sell it. That is in turn impacting guild traders.
If sellers still stubbornly cling to high prices hoping to sell at old prices or a slight discount, they'll be replaced too and they actually lose money because the value of their items is dropping more and more the longer they wait to sell.
No thats not what im getting at. Some expensive items have a high price point because they are rare, hard to get and or highly sought after. Like people spend hours and hours searching cyrodiil for the war tort recipe for weeks. I have spent multiple hours a day farming dungeons for a monster helm drop, last time i did that it was over 60 clears to get one. Take that in for a second. For a more difficult dlc dungeon we are talking 25-30 mins a run. On top of time to clear the hm which for some like coral airie is a lot of work. You deserve to be paid appropriately for that time. To say different is asinine. Prices for items like that do not adjust and they shouldnt. People are just going to zone chat to sell instead. Im never going to low ball sell something I put in 25+ hrs to get, i'll simply sit on it until i find someone offering a fair price.
Exactly WHY were the listings changed to 14 days?
Dax_Draconis wrote: »boi_anachronism_ wrote: »That's the problem. A lot of people and guilds are severely overestimating the value of their items, so they don't make sales. I guarantee any seller having sales issues will sell if they simply understand the market has changed and adjust. The same goes for any guilds who are still bidding in 100mil+ for kiosks. That is unsustainable and you will die then other guilds will take your place with lower bids which is what we see happening right now.boi_anachronism_ wrote: »If im selling something in the 1m price range i dont want to pay to keep relisting it or cut it down by 30% to sell it. That is in turn impacting guild traders.
If sellers still stubbornly cling to high prices hoping to sell at old prices or a slight discount, they'll be replaced too and they actually lose money because the value of their items is dropping more and more the longer they wait to sell.
No thats not what im getting at. Some expensive items have a high price point because they are rare, hard to get and or highly sought after. Like people spend hours and hours searching cyrodiil for the war tort recipe for weeks. I have spent multiple hours a day farming dungeons for a monster helm drop, last time i did that it was over 60 clears to get one. Take that in for a second. For a more difficult dlc dungeon we are talking 25-30 mins a run. On top of time to clear the hm which for some like coral airie is a lot of work. You deserve to be paid appropriately for that time. To say different is asinine. Prices for items like that do not adjust and they shouldnt. People are just going to zone chat to sell instead. Im never going to low ball sell something I put in 25+ hrs to get, i'll simply sit on it until i find someone offering a fair price.
All items are worthless until someone exchanges gold for them.
boi_anachronism_ wrote: »Dax_Draconis wrote: »boi_anachronism_ wrote: »That's the problem. A lot of people and guilds are severely overestimating the value of their items, so they don't make sales. I guarantee any seller having sales issues will sell if they simply understand the market has changed and adjust. The same goes for any guilds who are still bidding in 100mil+ for kiosks. That is unsustainable and you will die then other guilds will take your place with lower bids which is what we see happening right now.boi_anachronism_ wrote: »If im selling something in the 1m price range i dont want to pay to keep relisting it or cut it down by 30% to sell it. That is in turn impacting guild traders.
If sellers still stubbornly cling to high prices hoping to sell at old prices or a slight discount, they'll be replaced too and they actually lose money because the value of their items is dropping more and more the longer they wait to sell.
No thats not what im getting at. Some expensive items have a high price point because they are rare, hard to get and or highly sought after. Like people spend hours and hours searching cyrodiil for the war tort recipe for weeks. I have spent multiple hours a day farming dungeons for a monster helm drop, last time i did that it was over 60 clears to get one. Take that in for a second. For a more difficult dlc dungeon we are talking 25-30 mins a run. On top of time to clear the hm which for some like coral airie is a lot of work. You deserve to be paid appropriately for that time. To say different is asinine. Prices for items like that do not adjust and they shouldnt. People are just going to zone chat to sell instead. Im never going to low ball sell something I put in 25+ hrs to get, i'll simply sit on it until i find someone offering a fair price.
All items are worthless until someone exchanges gold for them.
So in otherwords unless you are at you're 9-5 your time has no value. So time spent in school, no value. Time at the gym, no value, designing a website for yourself, no value, editing a vid, spending time with family. I dont think you understand the concept of value.
Do I think the listings change was the prime factor in this? Absolutely not. But it is absolutely being pointed to as part of the reason long-time traders are departing/taking a break right now.
So clearly the numbers the OP posted don't correlate with the premise, but since we're actually discussing the effects of the listing change, I ask you a few questions.
What about the listing changes made the long term traders go?
Was it the repeat listing?
The loss of gold due to relisting?
Needing to do more work?
Followed up by:
Even if the listing changes were to go back to 30 days how would this change anything?
Would things that weren't selling miraculous start selling?
Or is it possible that some of them chose to quit rather than adapt?
I've chosen to quit relisting any items anymore. It's simply not worth it anymore. The gold you get out of anything is too little to justify the effort to list it. And don't even think about listing anything like an atherial cypher or a specialty armor style that is worth 1-4 million gold. Something rare and expensive will never sell in this market and you'll just lose your listing fees over and over and over and over again, even if you list at less than 50% of it's value three months ago.