Undercutting in guild stores

Pallmor · July 2015

Hope499 wrote: »

Dark-titan45 wrote: »

OK so I have been in trading guilds since I figured out I can buy and sell tons of stuff and make money which I have been doing since level 10. But what is starting to *** me off is that people are constantly undercutting each other to make their item sell faster. I sell daedra hearts for 3k. I talked to my guild leader and he has posted in the MOTD that undercutting others will get you kicked. So everyone in my guild now sells stuff for about the same price. Daedra hearts for 3k, blue motifs for 3-4k grain solvent for 4-5k and so on.

Damn man...

Wont pay for than 1k for motifs....and 3k for D hearts??

Holy *** your a clan of thieves lol, are you guys the new thieves guild DLC????

Console prices are insane right now. People asking 2K for green vendor trash, common motifs for 5K+, etc. Tempers are almost impossible to find, and when you do, they go for mad crazy prices.

DenMoria · July 2015

MaximusDargus wrote: »

DenMoria wrote: »

Your guild houses are insane with their pricing most of the time, in any case.

An item that I can find (be it green, blue, gold or purple) you are selling for 100's of K's?

I am not so desperate (or have that much gold) to buy it from the guild. I'll be patient.

BTW - what kind of idiot would pay 3K for a Daedra Heart! Good grief! No one needs it that bad.

How are you sure that NOONE will need it that much?

If there would be only one daedra heart left intamriel then im sure people would need it much. Thats extreme case.

Wouldn't it be awfully sad if there really was only one daedra heart in all of Tamriel? That would mean no more Daedra and they are, frankly, some of the best NPCs in the entire game.

Pangnirtung · July 2015

This is just so silly. If I am in a guild and I want to sell my Daedra hearts for 10 gold I should be able to.

It's about supply and demand. Witness how writs for the Psyjic potion have dropped since launch. If there are a lot for sale why should I buy one for 200,000 gold (like some were initially going for) when I can get one now for 60k.

Sound selfish to me.

Psychobunni · July 2015

ollystephens wrote: »

If I get duplicates of medium/higher value items or sets that I know i'll never use I tend to just put them on the guild store for pretty much the base price that the game suggests. I'd rather have the guild members having it cheaply than just sat around in the bank! Never think to search to see what the going rate is/if i'm undercutting people... oops.

Our guild utilized the store since we did not have a public kiosk for that purpose. Trait items at 25g (vs 100-300 in stores), and other weapons/armor...thus keeping the guild bank freed up as much as possible for materials while still giving a cheap avenue for people needing research items

TequilaFire · July 2015

LOL, It is called competition.
Some of the prices are ridiculous to start with especially on common items.

wraith808 · July 2015

Dark-titan45 wrote: »

OK so I have been in trading guilds since I figured out I can buy and sell tons of stuff and make money which I have been doing since level 10. But what is starting to *** me off is that people are constantly undercutting each other to make their item sell faster. I sell daedra hearts for 3k. I talked to my guild leader and he has posted in the MOTD that undercutting others will get you kicked. So everyone in my guild now sells stuff for about the same price. Daedra hearts for 3k, blue motifs for 3-4k grain solvent for 4-5k and so on. Whats pissing me off is that there are now people selling hearts for 2900... and its not only getting them less money but it hurts the guild because they don't get as much in taxes. Same with rare motifs, a few weeks ago they sold for 90-100k (Primal, daedric etc) and not I can buy them as low as 40k... That is ridiculous. Not only would you make more money if everyone sold for the same price but everything would be more smooth and efficient. In the one guild I am in we have a stall in daggerfall and there was about 3-4 of us selling grain solvent all for 4-5k, last night someone came in and bought all of them from everyone. So not only did we make more by staying around the same price for all of us but now the person buying didnt have to go to 5 different stalls to get a decent deal. I know people want to sell their *** and make money but please just look at the prices and sell for the same price! It will get you so much more money. #rantover

Line breaks and paragraphs are your friend. #myeyesarebleeding

tallenn · July 2015

I won't harp on the free market stuff, it's been covered pretty well already. Bottom line undercutting is normal and a sign of a healthy free market.

What I will say is so what? Unless you're pricing your stuff WAY too high it will sell eventually. For example, I don't personally undercut. Instead, I pretty much always just use the price that Master Merchant suggests. It's not an undercut price it's the average price that the item has been selling for lately. Before I got MM, I tended to overprice some even. I'd list blue motifs for 600 when many of them were listed for 450, for example. With all that, I've had a grand total of TWO items that expired without selling for the entire time I've played ESO.

The point of that is, don't sweat undercutting. As long as you're not outrageously priced, your listings WILL sell eventually. Be patient.

corwinDA · July 2015

Now that you vented, are you ok now? This is so normal in an mmo that this thread is unfortunately in need of being locked out since you cant stop it, there's no sure fire way to know what anyone should list items at I get greens hand over fist now and sell them for 200g if they have a trait is that a good price? Am I undercutting or price gouging, I dont know to be honest if it really ticks you off start your own 10 man guild of people who dont plan to use the market at all I can say some of the prices op listed seem unfair to me.

Egonieser · July 2015

What a stupid rule... No undercutting...
It makes no sense. A guild leader is interested in earning from taxes. If something sells... It's a tax right there. A few gold less because someone undercut someone is better than no gold at all is it not? If everyone listed at exactly the same prices, there would be far less sales in general, therefore far less profit made in taxes. Just boggles my mind what rules some people can come up with. A market is a market, a single person can't dictate how it's run, not in this game, it's not monopoly after all.
If i want to sell a item for 500g less to make sure it sells, i will and nobody will tell me otherwise and if they do, they can pi** right off and continue walking.. In my guilds, they are interested we sell stuff, any stuff, as long as it makes a profit for the guild and it works like a charm, we constantly have enough in taxes to have prime location vendors each week, and that's completely from free market not from somebody's nonsensical dreamworld rules...
Never heard something as ridiculous as that in a long time to be honest..

dabulls7491 · July 2015

Lol are you really complaining about this? Really?

Shosuro_616 · July 2015

Dark-titan45 wrote: »

OK so I have been in trading guilds since I figured out I can buy and sell tons of stuff and make money which I have been doing since level 10. But what is starting to *** me off is that people are constantly undercutting each other to make their item sell faster. I sell daedra hearts for 3k. I talked to my guild leader and he has posted in the MOTD that undercutting others will get you kicked. So everyone in my guild now sells stuff for about the same price. Daedra hearts for 3k, blue motifs for 3-4k grain solvent for 4-5k and so on. Whats pissing me off is that there are now people selling hearts for 2900... and its not only getting them less money but it hurts the guild because they don't get as much in taxes. Same with rare motifs, a few weeks ago they sold for 90-100k (Primal, daedric etc) and not I can buy them as low as 40k... That is ridiculous. Not only would you make more money if everyone sold for the same price but everything would be more smooth and efficient. In the one guild I am in we have a stall in daggerfall and there was about 3-4 of us selling grain solvent all for 4-5k, last night someone came in and bought all of them from everyone. So not only did we make more by staying around the same price for all of us but now the person buying didnt have to go to 5 different stalls to get a decent deal. I know people want to sell their *** and make money but please just look at the prices and sell for the same price! It will get you so much more money. #rantover

Aww... My heart bleeds purple ***

Defilted · July 2015

OP types:
OK so I have been in trading guilds since I figured out I can buy and sell tons of stuff and make money which I have been doing since level 10. But what is starting to *** me off is that people are constantly undercutting each other to make their item sell faster. I sell daedra hearts for 3k. I talked to my guild leader and he has posted in the MOTD that undercutting others will get you kicked.

Free market competition is what drives any economy. Whether it be on a game or in real life. So you get undercut. Deal with it.. I sell all my stuff cheaper than everyone else to sell it faster and will always do this.

Can I please get a socialism break for 5 minutes.

eventide03b14a_ESO · July 2015

If your guild isn't doing it then some other guild will. You should be encouraging your members to under cut the competition and make more money. Wal-Mart isn't rich because they sell everything at a premium price, in fact they often undersell. But the sheer volume they do (as well as many questionable business practices) are what makes them so much money and puts their competition out of business.

jackiemanuel · July 2015

It's sometimes annoying, but not that big a deal unless they undercut it by a lot. I typically price my items the same as the lowest of that type unless it's rare then i hold out. People are just impatient. One of the trading guilds i'm in has a pricing covenant. Any who undercuts gets kicked out. It worked great when we held the only trader in davon's watch. Not so much when there's nearby competition.

RazzPitazz · July 2015

MaximusDargus wrote: »

Its normal. Thats how open market works.

The more of the goods floods market the lower price goes. Because everyone wants to sell it at the same time.
And what they do when things dont sell? The lower price.

If a great demand appeared for daedra hearts people will start buying out those at lower prices and naturally price will increase.

^This.
There is nothing wrong with undercutting to sell fast. People will buy cheaper items first, but those who sell higher but fairly will gain more from the sale.
If people don't undercut than the economy will never level out to affordable prices. I hate to tell You OP that blue motifs are not worth 2k, players are just willing to pay that much for them right now. On PC blues can sell for as little as 200 gold. The console economy will get to that point too.
Undercutting is natural, let it run its course.

Fruitmass · July 2015

Elephant42 wrote: »

Maybe, just maybe some players put stuff up for sale cheaply not because they are out to make money, but simply because they just want to - gasp - help other players out a bit...

Pretty much how I handle my pricing. Most of what I list is relatively cheap. I know I appreciate finding things at a bargain, makes you feel like all warm and fuzzy inside. So I try to give others the same opportunity to enjoy that feeling too.

I'm not really looking to make huge stacks of cash, just cover my routine expenses. I mean even if I had billions of dollars what would I spend it on? Besides constantly being poor gives me something to shoot for

However I do try not to go too far below what my other guild members list for with certain things and I do donate gold when I've had a particularly good week to help fund the guild kiosk.

Rinmaethodain · July 2015

Fruitmass wrote: »

Elephant42 wrote: »

Maybe, just maybe some players put stuff up for sale cheaply not because they are out to make money, but simply because they just want to - gasp - help other players out a bit...

Pretty much how I handle my pricing. Most of what I list is relatively cheap. I know I appreciate finding things at a bargain, makes you feel like all warm and fuzzy inside. So I try to give others the same opportunity to enjoy that feeling too.

I'm not really looking to make huge stacks of cash, just cover my routine expenses. I mean even if I had billions of dollars what would I spend it on? Besides constantly being poor gives me something to shoot for

However I do try not to go too far below what my other guild members list for with certain things and I do donate gold when I've had a particularly good week to help fund the guild kiosk.

You know that taxes from sales in your guild kiosk go for supporting guild trader? The higher the price, the more tax and more gold goes toward next trader. So you can keep donating to your guild by selling stuff, and the more you sell (or at higher prices) the better.

navyspeed · July 2015

I think I am in the wrong trading guild.

Fruitmass · July 2015

MaximusDargus wrote: »

Fruitmass wrote: »

Elephant42 wrote: »

Maybe, just maybe some players put stuff up for sale cheaply not because they are out to make money, but simply because they just want to - gasp - help other players out a bit...

Pretty much how I handle my pricing. Most of what I list is relatively cheap. I know I appreciate finding things at a bargain, makes you feel like all warm and fuzzy inside. So I try to give others the same opportunity to enjoy that feeling too.

I'm not really looking to make huge stacks of cash, just cover my routine expenses. I mean even if I had billions of dollars what would I spend it on? Besides constantly being poor gives me something to shoot for

However I do try not to go too far below what my other guild members list for with certain things and I do donate gold when I've had a particularly good week to help fund the guild kiosk.

You know that taxes from sales in your guild kiosk go for supporting guild trader? The higher the price, the more tax and more gold goes toward next trader. So you can keep donating to your guild by selling stuff, and the more you sell (or at higher prices) the better.

Yar, I'm aware of the whole tax/ guild cut thing. I never said I sell for nearly nothing, I just tend to be at the lower end of the pricing range. I tend to move large quantities of goods at lower prices rather than small quantities of goods at high prices. Makes buyers happy that they got a good deal and makes me happy because I get repeat purchases. My guild gets a cut out of all those sales and if I make over so much money I donate some of the proceeds. It's a win for everybody.

Dark-titan45 · July 2015

Still makes no sense to constantly undercut others. I say find a good price at which stuff sells and stick to it for everyone, that way everyone gets money there is tons to chose from and the guild gets a nice cut from every transaction. But hey what do I know?

SupertoastGT · July 2015

In a crowd of competition to get your items sold, sometimes undercutting is the only way. XD

Tholian1 · July 2015

Price fixing might work if your guild trader were the only one in the entire game. Customers shop around and will always pay less for something or if things are too obnoxiously priced, they will just go get the item on their own and cut you out completely.

Nothing is stopping you from snatching up what the "undercutter" is selling and relist at your set price.

J2JMC · July 2015

Xendyn wrote: »

What you see now is just the PC Vet transfers cornering the market with their borrowed and copied over goods.

AH yes. ZOS completely screwing over the economy for 20 bucks. Gotta love em.

Skcarkden · July 2015

Dark-titan45 wrote: »

OK so I have been in trading guilds since I figured out I can buy and sell tons of stuff and make money which I have been doing since level 10. But what is starting to *** me off is that people are constantly undercutting each other to make their item sell faster. I sell daedra hearts for 3k. I talked to my guild leader and he has posted in the MOTD that undercutting others will get you kicked. So everyone in my guild now sells stuff for about the same price. Daedra hearts for 3k, blue motifs for 3-4k grain solvent for 4-5k and so on. Whats pissing me off is that there are now people selling hearts for 2900... and its not only getting them less money but it hurts the guild because they don't get as much in taxes. Same with rare motifs, a few weeks ago they sold for 90-100k (Primal, daedric etc) and not I can buy them as low as 40k... That is ridiculous. Not only would you make more money if everyone sold for the same price but everything would be more smooth and efficient. In the one guild I am in we have a stall in daggerfall and there was about 3-4 of us selling grain solvent all for 4-5k, last night someone came in and bought all of them from everyone. So not only did we make more by staying around the same price for all of us but now the person buying didnt have to go to 5 different stalls to get a decent deal. I know people want to sell their *** and make money but please just look at the prices and sell for the same price! It will get you so much more money. #rantover

This is EXACTLY why i hate that this game lacks a proper Auction House/Grand Exchange system. Kicking people for selling at a lower price, really? What happens if someone sells a Daedric Heart for 2,999? I'm guessing kicked?

This game really needs to have a centralised trading system where everything goes into just the one pool of items. It would also solve the issue of wasting time searching every trader for a few specific items, see it's not there, try a new guild trader.... repeat 300 times and end up with nothing.

RazielWolf88 · July 2015

What kind of *** world are we in when everyone are forced to price everything the same. Thats not a free market at all and total bs.

Its a businessmans initiative to sell smarter and faster then the compition. Some of the prices people put are so extortionate its a wonder if they ever sell anything some joker wanted 1.5k each for a single reagent for alchemy. Someone was asking 42k for single grain solvants... Ive made more money selling things at prices I find are completely acceptable then what someone tells me its worth and its working bloody well!

I will still "undercut" people as i see fit and laugh on my scrooge mcduck pile of gold while you kit look like a recently dumped tayler swift because you cant price items effectively.

MoeCoastie · July 2015

eso market = indirect pvp

have fun with it

ThyIronFist · July 2015

lol this is probably OPs first MMO... that you have to complain about undercutting is quite sad. It's normal in any game where players can sell their stuff. It's how the economy works.

BlackEar · July 2015

MaximusDargus wrote: »

Ive seen several cases where someone was trying SO HARD to undercut others prices that after sale taxes he earned LESS than if he would vendor things.
This is common with all crafting materials (ingots, sanded woods, cloths and leathers)

Seems like a good guy

Selling mats at such a cheap price.

For OP and his supporters: This is a great system. Undercutting is simply part of the market. Learn to live with it because you won't change it. This is the best advice there is and I just gave it to you, no need to thank me you can pay it forward!

Runding99 · July 2015

eventide03b14a_ESO wrote: »

If your guild isn't doing it then some other guild will. You should be encouraging your members to under cut the competition and make more money. Wal-Mart isn't rich because they sell everything at a premium price, in fact they often undersell. But the sheer volume they do (as well as many questionable business practices) are what makes them so much money and puts their competition out of business.

I agree with this whole heartedly. You can set whatever rules you want within your own guild but smarter competitors are simply going to move in and undercut your prices. Your guild rules makes no sense in my opinion.

Psychobunni · July 2015

J2JMC wrote: »

Xendyn wrote: »

What you see now is just the PC Vet transfers cornering the market with their borrowed and copied over goods.

AH yes. ZOS completely screwing over the economy for 20 bucks. Gotta love em.

I don't believe it was intentional. Just usual short sightedness. They wanted to offer something at least to those having to wait for their desired platform, they just didn't think through the negative aspects and prepare for those very well.

Like the CP systems effect on PVP and skills.