Tamriel Trader - is sales data accurate (or at least as accurate as people scanning the stores)?

Blencathra

Greetings fellow Tamriel citizens,

I am new to using Tamriel Trader and this is the first time I am trying to trade items. At first I looked at the listings averages and the actual individual listings to get an idea on what to charge for things (which meant in one instance I shot over what I should have tried to sell the item for by A LOT!
So now I look at the graphs too and I am a but confused about the sale data (the orange line in the first graph). Many times no sales show but in some instances the amount an item sells for is below any of the recorded listings for the past 30 days (for example an item has a continual listing price over 30 days for between 4-6k but the only sale will be one for 1k.
In some instances it looks like there have been no sales of an item, even for the past year, yet so many listings at varied prices.
I assume that sales are calculated by looking at what is being listed at one scan and then any items that are no longer there that would not have expired are considered sales (but this would not count for removed items so I am not sure).
If someone has more input about the dynamics of the data usage but more importantly, should I go by the listings and look at what seems to be a more common listing price and go from there (the average is not necessarily useful is someone lists something listed less frequently for a ridiculously low or high price.

Any advice on how others handle this would be very much appreciated.

Thanks and happy trading.

Blen

Arthtur

Are u talking about Tamriel Trade Centre? If so the addition of recording sales is new. Month old or something like that. So there wont be any data about average sale of an item for time before august.
If there is no data about sales in the past month it could mean that this isnt a popular thing to buy.

Its hard to explain diffrences in graphs as there is so many factors. Somebody could be flipping stuff in order to try to make the price higher, somebody could just drop the price too much compared to others so somebody bought it for below market price... or the item is unpopular and the only time it sells is when its a lot cheaper than what is on market. Too many things to be sure about that.

Anyway, no point worrying about that too much. Its not a good way to check how much should u charge. Basically when u want to sell something and need a price its the best to look at the listings and:
- check prices from the lowest
- check how many pages of this item is on market
And depending on that u select the price. If there is a lot of that item listings your best bet is to put it at the lowest price or close to it. Just make sure many items are close to that price and not just 1-2 outliners. So if 5 listings is at 50k and 1 is at 30k, u put it close to that 50k.
If there is barerly any listing of an item, most of the time u could charge more for it but it could take some time to sell. Also depends on what u try to sell as old items have lower demand.

Listings average is rather bad way of looking at the price. It could be okay with highly popular items like crafting materials, but for more rare items it will almost always overshot as there will be few listing at very high price.
Sales average can be helpful to see is that item sells at all, but it shouldnt be dictating the price.

If u arent sure about the price u can always ask somebody in guild for help too.

This should be enough to just make some sales.

And just a tip. U have higher chances of getting help by asking in "Players Helping Players" or in General. Not many ppl looks at other subforums and in Recent it will be pushed out of 1 page rly fast. So even if mods will move your thread for whatever reason, there is a high chance that somebody would already help you.

majulook

Arthtur wrote: »

Are u talking about Tamriel Trade Centre? If so the addition of recording sales is new. Month old or something like that. So there wont be any data about average sale of an item for time before august.
If there is no data about sales in the past month it could mean that this isnt a popular thing to buy.

Basically when u want to sell something and need a price its the best to look at the listings and:
- check prices from the lowest
- check how many pages of this item is on market
And depending on that u select the price. If there is a lot of that item listings your best bet is to put it at the lowest price or close to it. Just make sure many items are close to that price and not just 1-2 outliners. So if 5 listings is at 50k and 1 is at 30k, u put it close to that 50k.
If there is barerly any listing of an item, most of the time u could charge more for it but it could take some time to sell. Also depends on what u try to sell as old items have lower demand.

Yes this great advice....

Check prices low to high adjust based on how many are for sale. If you find none for sale then check similar traits and gear levels ... Say your selling a Superior (Blue) level Spriggens sword with the Percise trait but no other are listed check for that same sword in levels Fine (Green), Epic (Purple) and even Legendary (Gold), and then set you price accordingly. If you can upgrade the items to the next level and still make a good profit (after accounting for the cost of mats for the upgrade). It can be very worthwhile.

Blencathra

Arthtur wrote: »

Are u talking about Tamriel Trade Centre? If so the addition of recording sales is new. Month old or something like that. So there wont be any data about average sale of an item for time before august.
If there is no data about sales in the past month it could mean that this isnt a popular thing to buy.

Basically when u want to sell something and need a price its the best to look at the listings and:
- check prices from the lowest
- check how many pages of this item is on market
And depending on that u select the price. If there is a lot of that item listings your best bet is to put it at the lowest price or close to it. Just make sure many items are close to that price and not just 1-2 outliners. So if 5 listings is at 50k and 1 is at 30k, u put it close to that 50k.
If there is barerly any listing of an item, most of the time u could charge more for it but it could take some time to sell. Also depends on what u try to sell as old items have lower demand.

Thank you. And yes, I ignore the average and try to look at the sales themselves.

majulook wrote: »

Check prices low to high adjust based on how many are for sale. If you find none for sale then check similar traits and gear levels ... Say your selling a Superior (Blue) level Spriggens sword with the Percise trait but no other are listed check for that same sword in levels Fine (Green), Epic (Purple) and even Legendary (Gold), and then set you price accordingly. If you can upgrade the items to the next level and still make a good profit (after accounting for the cost of mats for the upgrade). It can be very worthwhile.

I have actually already been doing that if there are no listings. In fact I often do that because I find that there are higher grade items selling for less than, say, the green. I also like to look to see if upgrading is worthwhile because in a few instances it may be if it means making a much larger profit margin, basing this off the cost of mats too.

Thanks both for the advice. I just didn't understand how something would be selling for 1000g when ALL the listings past 30 days prior to this sale were ALL much higher and as there isn't an 'offer' system I still don't quite understand how, but it may be that the scans are not complete and that the sale is not calculated b just change in inventory but by an actual sale that is somehow scanned too.

Take care.

M0R_Gaming

Blencathra wrote: »

Thanks both for the advice. I just didn't understand how something would be selling for 1000g when ALL the listings past 30 days prior to this sale were ALL much higher and as there isn't an 'offer' system I still don't quite understand how, but it may be that the scans are not complete and that the sale is not calculated b just change in inventory but by an actual sale that is somehow scanned too.

Take care.

In regards to Tamriel Trade Center's suggestion system, from my understanding, it isn't solely based on the price of other items, but its also based on how things have sold in the past. An item with low sales at a high value may be recommended for you to sell at a lower price, since that is what the program believes that the average person will get a sale with. For most accurate numbers, something like ATT/MM are much better suited for your own guild as long as the history is set appropriately.

Sharlikran

Tamriel Trade Centre uses the same sales data that LibHistoire, MM, or ATT would use for the sales calculations. So saying that MM or ATT would be more accurate isn't really correct.

MM and ATT use only the guilds you are in for sales data based on items sold. TTC uses any data from players that use the EXE to provide the data to the TTC author.

Neither MM, nor ATT, nor TTC is more or less accurate. Why? Because of math. An average is based on the data, not imaginary numbers. When the data is different then the average will be different. When you have the exact same data for MM (without ignoring outliers) and ATT, then the average is the same. Once you ignore outliers then the MM average would be different.

TTC will calculate the average based on the data provided to the author of TTC. If the TTC author has data from 200 or more guilds then that would make the average different then MM or ATT since they only use the data from each account and from each guild that you are a member of.

All the previous TTC suggestions such as the Min, Max, Average, Suggested, is still based off of the the price the item was listed for, not the price the item sold for.

Sharlikran

-- Lua table with 200 random numbers from 10 to 1000
local numbers = {311, 672, 524, 923, 122, 287, 467, 496, 901, 84, 194, 923, 684, 284, 300, 293, 272, 486, 439, 886, 259, 874, 198, 385, 218, 681, 333, 27, 447, 660, 639, 16, 689, 565, 710, 345, 312, 965, 340, 275, 837, 616, 718, 98, 303, 75, 308, 357, 329, 659, 275, 739, 917, 921, 541, 396, 848, 81, 38, 534, 351, 761, 768, 546, 912, 310, 789, 413, 764, 419, 312, 558, 147, 179, 723, 988, 744, 930, 503, 722, 223, 705, 685, 313, 639, 967, 394, 428, 15, 485, 131, 229, 17, 100, 676, 593, 951, 449, 195, 808, 310, 550, 632, 176, 541, 744, 904, 651, 463, 524, 974, 144, 818, 305, 827, 770, 798, 229, 492, 589, 557, 333, 923, 751, 348, 718, 454, 68, 742, 432, 807, 217, 137, 640, 999, 335, 631, 427, 960, 596, 242, 678, 606, 485, 749, 428, 25, 576, 761, 934, 739, 947, 746, 658, 759, 336, 244, 83, 677, 131, 744, 589, 879, 782, 275, 589, 74, 101, 801, 246, 658, 816, 254, 801, 175, 897, 820, 620, 739, 84, 800, 99, 97, 136, 624, 400, 550, 571, 19, 482, 862, 98, 272, 478, 517, 865, 582, 374, 652, 371}

-- Function to calculate the average
local function calculate_average(numbers)
local sum = 0
for i, num in ipairs(numbers) do
sum = sum + num
end
return sum / #numbers
end

-- Calculate and print the average
local average = calculate_average(numbers)
print("The average is: " .. average)

The average of those numbers is 510. (510.155)

The average of 10 numbers ranging from 10 to 1000, like your MM data from only the guilds you are in would be 807, 24, 579, 597, 204, 799, 332, 480, 81, and 17 is 392

392 and 510 are not close to one another. User's actual sales will be different than these examples but the premise is the same.

If your MM data is 200, 200, 200, 200, 200 the the average is 200.

If your MM data is 200, 300, 350, 225, and 500 is 315.

If TTC has the same data then the average would be the same but because of the user base there will always be more data points for TTC.