How do people decide on what they will charge for items they sell?

Killum · May 2015

I was just wondering because I have a Master Chef (Full Skills) and plan on getting the rest of the crafts maxed.

Nestor · May 2015

Of course knowing the market price is good to be able to set the price. But you also have to figure out if your a Wholesaler or a Retailer. Wholesalers put them in the stores at a cheap price knowing full well someone else is going to buy it to flip it for a higher price. But, you get your gold faster, sometimes in minutes. Then of course you can price it at retail and wait a few days or a week depending on the item.

As for foods, use the addons listed above to determine the ingredient prices, and then figure out your real unit cost for each item you make. Remember, each ingredient makes 4 items, so keep that in mind. Most people will not pay more than ingredient replacement cost for foods and drinks, so the profit comes from farming or doing daily provisioning writs to keep your larder stocked. Purples might command a higher price, but I won't use my Frost Mirriams for anyone else but my characters.

EQBallzz · May 2015

Master Merchant addon (assuming you are in trading guilds).

SHADOW2KK · May 2015

Master Merchant, Price Tracker Updated, think there is one or two more, but that is the two I use, gives you a idea of what to buy/sell.

SHADOW2KK · May 2015

Nestor wrote: »

Of course knowing the market price is good to be able to set the price. But you also have to figure out if your a Wholesaler or a Retailer. Wholesalers put them in the stores at a cheap price knowing full well someone else is going to buy it to flip it for a higher price. But, you get your gold faster, sometimes in minutes. Then of course you can price it at retail and wait a few days or a week depending on the item.

As for foods, use the addons listed above to determine the ingredient prices, and then figure out your real unit cost for each item you make. Remember, each ingredient makes 4 items, so keep that in mind. Most people will not pay more than ingredient replacement cost for foods and drinks, so the profit comes from farming or doing daily provisioning writs to keep your larder stocked. Purples might command a higher price, but I won't use my Frost Mirriams for anyone else but my characters.

Well said good sir, have a awesome

Natjur · May 2015

I just put them up on the global auction with a low starting bid and no buy out and after 7 days just get what ever the player who bid the most wanted to pay..... Oh wait, wrong game, my bad.

Killum · May 2015

Thanks for the feedback Nester, Shadow2kk and EQBallzz.

SHADOW2KK · May 2015

Killum wrote: »

Thanks for the feedback Nester, Shadow2kk and EQBallzz.

Anytime:} now get rich

The Elder Scrolls Online

How do people decide on what they will charge for items they sell?

Best Answer