I was told off for selling too cheap!

Mettaricana · June 2016

Had that happen in ps4 I crashed the armor master market when It came out going for 100k I was like ill do half that 2mil later its down to 10k per set lok

AmberLaTerra · June 2016

Perfect Roe is the only way to make Psijic Ambrosa so it is very expensive, as that recipe takes a lot of work to get, or a lot of money to buy (around 50k).

The fact that it is also very rare is why it is 9-10k. To be honest I could not buy it at such a low price myself as I would feel I would be ripping the seller off knowing how much I would get from the Ambrosa I made it into. Of course that high price is also why you do not see many Ambrosa in guild traders. At 10k for a roe selling ambrosa for the most common price of 2600 actually loses money for the crafter so most are kept within guild trades.

Keep in mind we are not talking about item sets or enchantments that last as long as you use them when we are talking about perfect roe and it's high price, we are talking about the only non-crown way to gain a 50% exp boost that only lasts 30-50 minutes based on your provisioning. The demand for them will always remain high and selling yourself short on them at 1k each only means you are making someone else rich as you can be sure whoever buys them will not make Ambrosa from them but just re-list them higher.

You want to get rid of something like them cheap, sell them to a guild mate for 1k who knows the recipe and can make them into 8 Ambrosa to benefit your guild, don't make someone else rich.

Robo_Hobo · June 2016

Sounds like they were just being nice. They could have accepted the 1k deal and made a profit off of you but decided to inform you of the local value of it so that you got your money's worth.

It doesn't have anything to do with what country they were from, there's more than enough americans who would have taken it for 1k and never let you know how much it could go for.

Besides, it sounds like you can't even be too sure they were american if they were just random people you met.

GreenhaloX · June 2016

Love_Daggerfall wrote: »

I learnt a usa trading lesson today.
There was two men in the Daggerfall bank today talking money.
So l put on my headset and told them l was going to sell two Perfect Roes in my Guild Shop for 1K each.
The men said no don't do that.
So l was thinking they wanted them so l tried selling Prefect Roes to the guys.
They said no they can't buy Perfect Roe for that money. They said l need to sell it for 9 or 10K.
They offered me 14K for both and I accepted.
This usa way of trading is a slap in the face to the way australians do business.
If a australian wants to sell something to get it out of there lives they will sell it for next to nothing just so its gone.
Australians would call this a bargain.
These guys in the Daggerfall bank said l would be a ripoff trader if they accepted the cheap deal. Wow what a difference between our two countries.
Ok lesson learnt charge the prise everyone else is.
This system sux but we need people willing to buy right?

Don't take it in the wrong. I'm just trying to make sense of this. I'm not sure what you mean by "usa way of trading"?! Sounds stereotypical. Seems to me like these guys are actually looking out for you. Everybody is always looking for a discount or cheaper prices no matter what nationality they are. That was cool that you were initially putting your Roe up for such a low price, but this does not make any sense to me. I don't know who would turn down something on sale for lower prices. Especially in USA, people are always looking for a deal. Yeah, I think these guys are being nice to you and offering you more. I'm sure they did that so not to devalue the Roe. Usually, people barter or haggle for a lower price. Never before have I heard anyone say.. yes, I'll buy, but I will give you more money. This is a first for me. I normally sell my stuff for lower price via the guild store. If someone tells me.. no man, that piece is worth much more than that, and I will give you way more... I will definitely smile and keep coming back to this guy. Also, I don't know why you said this is a slap in the face. They offered you more money. If they counter and try to offer you for much lower price than the low price you already stated, then yes, that will be a slap in the face.. because your initial price was already so low. Seems to me like this guys are also being a good financial or business advisor to you.

Elsonso · June 2016

Love_Daggerfall wrote: »

I learnt a usa trading lesson today.
There was two men in the Daggerfall bank today talking money.
So l put on my headset and told them l was going to sell two Perfect Roes in my Guild Shop for 1K each.
The men said no don't do that.
So l was thinking they wanted them so l tried selling Prefect Roes to the guys.
They said no they can't buy Perfect Roe for that money. They said l need to sell it for 9 or 10K.
They offered me 14K for both and I accepted.
This usa way of trading is a slap in the face to the way australians do business.
If a australian wants to sell something to get it out of there lives they will sell it for next to nothing just so its gone.
Australians would call this a bargain.
These guys in the Daggerfall bank said l would be a ripoff trader if they accepted the cheap deal. Wow what a difference between our two countries.
Ok lesson learnt charge the prise everyone else is.
This system sux but we need people willing to buy right?

Let's not put "USA" and "Australian" labels on this. It is insulting and inaccurate.

I sell at "prevailing rates" in the guild store simply to avoid the perception of being a "nasty" person by undercutting other people in the guild. I also round my numbers to a nice value, especially if Master Merchant suggests something that ends in "9". If I think the current asking price of something in the guild store is higher than I think it is worth, I won't sell it. I have even been known to sell it for less in another guild store. Green recipes are a good example here. I frequently see them listed in stores for well above what I would sell them for and I won't buy or sell at that price.

Likewise, if a guild store is selling below what I think something is worth, I may or may not list the item in that guild store, I might list it for what I think it is worth to me. If I list it higher, and it does not sell, I might hold onto it until the price increases, just list it at a lower price, or simply not sell it. Perfect Roe is a prime example of this for me. I won't sell it below a certain level just because of the annoying investment in time to get it. I use no automation to get it, so I might have to fillet 100-200 fish manually to get one, in addition to catching those 100-200 fish.

One last thing... I play on PC and PS4 and I do not list or sell anything on PS4. Nothing. If I don't need it, can't sell it to a merchant, and have no place to store it, I destroy it. I don't care what it is. ZOS has made it so difficult to find an item in the guild store, let alone the amount something is currently selling for, that I don't even bother.

Vangy wrote: »

They were prolly just nice people trying to make sure you get a fair price for your goods.

This is what I am thinking. A lot of people don't know the value of what they are selling and charge too much or not enough. If someone makes the decision to sell at a high or low price, knowing the ball park average price, that is fine with me.

vyrusb23 · June 2016

Love_Daggerfall wrote: »

I learnt a usa trading lesson today.
There was two men in the Daggerfall bank today talking money.
So l put on my headset and told them l was going to sell two Perfect Roes in my Guild Shop for 1K each.
The men said no don't do that.
So l was thinking they wanted them so l tried selling Prefect Roes to the guys.
They said no they can't buy Perfect Roe for that money. They said l need to sell it for 9 or 10K.
They offered me 14K for both and I accepted.
This usa way of trading is a slap in the face to the way australians do business.
If a australian wants to sell something to get it out of there lives they will sell it for next to nothing just so its gone.
Australians would call this a bargain.
These guys in the Daggerfall bank said l would be a ripoff trader if they accepted the cheap deal. Wow what a difference between our two countries.
Ok lesson learnt charge the prise everyone else is.
This system sux but we need people willing to buy right?

I offered you 5k for perfect roe yesterday and you completely ignored me. I'm glad I don't experience this Australian way of being rude when I deal with other traders.

danno8 · June 2016

As a Canadian I would have bought them for 1000 and said "sorry" afterwards.

Seriously though, what does this have to do with American/Australian? You think there are no Americans who would have gladly taken your Roe for super cheap? Or Australians who would have felt like they were taking advantage of you?

Sell for whatever you want.

mike_de · June 2016

Pomaikai wrote: »

It screws up the economy by doing so since prices are set via MM for the most part. Your 1K price drags down the prices of everyone else. It makes players think they should pay less for an item just because someone decided to blow out an item at a ridiculously low price.

I'm not going to have a whole lot of sympathy for you on this one.

These goods are not worth the money in the first place. and btw. this kind of thinking is poison in the real world, trying to get the maximal profit out of everything. Only greedy *** think that way, neglecting the social component of every trade,so that both parties feel good.

I think, that trading guilds are pure cancer in the game, as the are in the real world.

Refuse2GrowUp · June 2016

@Love_Daggerfall

Sounds to me like they were possibly simply trying to be honest and fair...they let you know you can get more, and then actually insisted on paying you closer to market fair value rather than letting you give it away at a charity price. Seems they may have been trying to be courteous and looking out for you.

Yet, the way you write your post, you make them out to be obnoxious aholes who were angry you were undercutting them. Unless I am missing something, which unfortunately your post fails to properly convey the relativity and tone of the incident, then it is quite possible you are simply being a racist moron. If they were belligerent and rude then so be it. If they were not, and were simply trying to offer you more because they didn't want to rip you off, then you really should take a moment to reflect upon what is wrong with you in that you would learn a racist life lesson from two Yanks wanting to look out for a stranger.

But tell ya what, if this story is actually one of the two strangers trying to be good Samaritans (vice the other alternative in which they were obnoxious arses), and you genuinely feel threatened and wronged by them for their higher ethics code, then I will right this situation and restore your pessimistic view of them Yanks...I will gladly buy all of your Roes, gold upgrade mats, crafting mats, alchemy mats, and anything else of value for pennies on the dollar. I will gladly rip you off since doing otherwise would offend you~

If I am not understanding things correctly, then I highly recommend you update the OP and more accurately explain the situation and tone of the conversation to express why these two gents were the bad guys in this tale.

Lord_Eomer · June 2016

Guild Banks are worst, there should be something like Grand Trade where u can see item average price while selling.

And buyer can find it easily what they need.. not rolling around alliance zone traders..

ESO have very poor trade + economy system. Economy is very important factor for MMORPG survival..

Most of items are bound on pickup or equip. Such a waste..

Ethromelb14_ESO · June 2016

I always sell for extremely cheap, just to undermine the greedy s.o.b.s in the guild stores. And will continue to do so.

Nestor · June 2016

Ethromelb14_ESO wrote: »

I always sell for extremely cheap, just to undermine the greedy s.o.b.s in the guild stores. And will continue to do so.

@Ethromelb14_ESO

Problem is, your just enabling those folks. They are buying from you and flipping it for a higher price.

If you want to get even on the so called "Greedy SOB's" Then sell it for about 30% less than what they are listing it for. They won't be profitable buying at 70% and flipping if for a 100% price (percentages of market averages). The Store Cut and Listing Fees will see to that. Even then, if they want to conduct a transaction with that low a profit margin, you still make more money.

Axoinus · June 2016

Maybe they were nice guys and thought you were a newbie and trying to help you out.

Doesn't really sound like you were "told off".

Ethromelb14_ESO · June 2016

Nestor wrote: »

Ethromelb14_ESO wrote: »

I always sell for extremely cheap, just to undermine the greedy s.o.b.s in the guild stores. And will continue to do so.

@Ethromelb14_ESO

Problem is, your just enabling those folks. They are buying from you and flipping it for a higher price.

If you want to get even on the so called "Greedy SOB's" Then sell it for about 30% less than what they are listing it for. They won't be profitable buying at 70% and flipping if for a 100% price (percentages of market averages). The Store Cut and Listing Fees will see to that. Even then, if they want to conduct a transaction with that low a profit margin, you still make more money.

What you suggested is exactly what I already do. Not only do I sell for cheaper at a 30 percentile, but I make a high quantity of multiple stacks available, if I can help it. Through this method I start to build up clientele even in the game. I commend players that restrain themselves from exploiting the rarity of an item. It allows everyone to get a piece of the pie. In this game there is no reason for greed, and everyone can benefit from a more reasonable market. But most players want the exclusivity of being the first to don a particular hard-to-get style of armor.

Anyway, yeah, you and I are on the same page.

Izaki · June 2016

Pomaikai wrote: »

I would be one of those professional traders, and you can trust me that I know exactly how MM's work. Markets can be both inflated and depressed by sellers via guild traders.

I do however agree that zone chat sales are rather different. I buy bulk items for resale and to craft and sell, via zone chat at prices lower than MM on a regular basis.

Markets can't be depressed. Markets can either be in a situation of ceteris paribus a.k.a. a situation of equilibrium or markets can be imbalanced meaning that the offer and demand are above or beneath the price and quantity of equilibrium. Inflation or deflation essentially mean a sustained increase or decrease of price levels (including salaries) respectively. Therefore, a market can be inflated or deflated, but not depressed. And still a deflation is a process that the gouvernments use to regulate the economy. So technically a market will not deflate itself, unless there's a shock of offer or of demand. In ESO, a seller might find a faster way to farm and decided to decrease the price for the good, and that would be a supply shock. Demand shocks are pretty much reflected by the new METAs in ESO. Everyone wants the same thing, so the sellers will sell that.

Economic growth can be in a period of growth, depression or regression, all of these reflect the different fluctuations of the gross domestic product. So markets can't be depressed. And yeah, usually markets get inflated, deflation is more of a market regulation tool.

I'm not getting smart here or anything. Its just for some clarity, because you've used these terms in the wrong context.

TerraDewBerry · June 2016

OP, I think what you have here is that you're not understanding the rarity of perfect roe (you can scale 200-300+ fish and not get one, or scale 8 and get 3 (praise RNG jesus), and/or, you do not appreciate the value of gold and the value of your own time (assuming you actually fished to get the perfect roe). Also, you trying to sell the perfect roe for 1k (although reasonable to you), degrades the price of other's perfect roe that they are trying to sell.

In the end, the guys in the bank were right. You were selling for too little, and they would have been wrong to accept/buy the perfect roe from you for 1k each. I do not believe this is an American/Australian difference in philosophy. I would hope anyone who came across you trying to sell for that small price would have had the decency to look out for your best interest and clue you into what was going on.

Clerics1985 · June 2016

don't sell very often but when I get some stuff worth selling I usually cut the costs down 25-50% to sell faster, and if that means making the Flippers pockets phatter that's just means I'm helping further the economy

Elsonso · June 2016

Ethromelb14_ESO wrote: »

What you suggested is exactly what I already do. Not only do I sell for cheaper at a 30 percentile, but I make a high quantity of multiple stacks available, if I can help it. Through this method I start to build up clientele even in the game. I commend players that restrain themselves from exploiting the rarity of an item. It allows everyone to get a piece of the pie. In this game there is no reason for greed, and everyone can benefit from a more reasonable market. But most players want the exclusivity of being the first to don a particular hard-to-get style of armor.

I am not sure if you have considered this, but you are acting a lot like a "greedy SOB".

What you are doing is attempting to steal the market for an item by undercutting others and using volume to attract attention and make up for the lost revenue. In this way, you can rake in the gold and keep others from getting sales. Whether you are doing this deliberately, for this reason, or are doing it for other reasons and don't even see it this way, this is what it looks like you are doing.

This works until a clone of you comes along and decides that you (the original) are a "greedy SOB" and undercuts you by 30% with large quantities.

This is what I call part of the "auction house game" because it is commonly played in games like WoW where there is a central auction house and prices and trends are closely tracked by server. It is more challenging to play this on ESO, but not impossible.

willymchilybily · June 2016

i think it was how cheap it was being sold. selling a 15k item for 1k indicates to many you may not know its true value, selling a 15k item for 10 to 12 k means you probably have some idea of its value but really just want rid of it or want some quick money. It puts it at a value where other sellers may buy it for resale and not just end users.

undercutting any other traders that follow market value is i think perfectly fair and how it should work. it only affects someones bottom line if demand consistently falls or supply increases, and they stick to that fixed and outdated market value

Odd though people always so opposed to an auction house but support price fixing between sellers anyway. isnt that the main argument against auction houses?

nine9six · June 2016

I would have bought them from you, no problem!

elantaura · June 2016

Australian who was giving out motifs, recipes, made julianous sets in jute and level 20 Tri stat food in daggerfall/stormhaven because of space. It is unbelievably hard to give stuff away people seem to assume you want something lol. These are new players I figure I want them to stay and enjoy the game I would just destroy it.

GreenhaloX · June 2016

Guys.. I don't think he is even paying attention to this post anymore. I ran into another one of his recent post and the poor guy posted he is depressed, bed-ridden or something and no longer responding to that thread. Seems he is unable to take constructive criticism. Hope he is allright..

xilfxlegion · June 2016

Love_Daggerfall wrote: »

I learnt a usa trading lesson today.
There was two men in the Daggerfall bank today talking money.
So l put on my headset and told them l was going to sell two Perfect Roes in my Guild Shop for 1K each.
The men said no don't do that.
So l was thinking they wanted them so l tried selling Prefect Roes to the guys.
They said no they can't buy Perfect Roe for that money. They said l need to sell it for 9 or 10K.
They offered me 14K for both and I accepted.
This usa way of trading is a slap in the face to the way australians do business.
If a australian wants to sell something to get it out of there lives they will sell it for next to nothing just so its gone.
Australians would call this a bargain.
These guys in the Daggerfall bank said l would be a ripoff trader if they accepted the cheap deal. Wow what a difference between our two countries.
Ok lesson learnt charge the prise everyone else is.
This system sux but we need people willing to buy right?

my question is why would you listen to strangers ? sell your stuff for what you want to sell it for. i lower prices on stuff all the time if it sits too long or is taking up space. i am in four trader guilds and i have never once checked to see if there was a minimum price on anything.