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A discussion about Re-sale

  • Rainwhisper
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    I have to constantly remind myself that - for a variety of reasons - many of the players I encounter are not socialized to adult, professional norms.

    There's nothing inherently wrong with what you're doing, especially if you make it clear that you're buying at wholesale prices. I do get concerned when I see people making those offers to buy without making it clear that, in return for the convenience of a quick, large sale, the seller is getting much less than face value. (I'm equally concerned when people in airports don't know that the currency exchange booths are ripping them off.)

    The big issue, I think, is that the lack of a central auction house (something which drives me nuts) means that a significant number of players have no idea what their goods are worth. Some folks may be trying to protect, or at least inform, those players.

    It sounds like you already do that. At the end of the day, you've said what you are willing to pay. It's up to other folks if they are willing sell for that price.
  • hmsdragonfly
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    Almar wrote: »
    Almar wrote: »
    Almar wrote: »
    Khenarthi wrote: »
    zyk wrote: »
    In my experience, most are fully aware that they are not receiving top price. I think many have gone that route before and find it to be tedious. There are a variety of reasons why a player may not want to be in a trade guild. Selling via zone chat is probably not enjoyable to most people.
    If his target audience are newbies in a starter zone, it looks predatory to me too, since new players are typically saving up for their first mount/gear set/etc and generally unaware of how much money they can get for something. For a new, uninformed player, selling a Nirnroot for 100 gold, or a Kuta for 1k, or a Tempering Alloy for 4k will look like a good trade.

    If people on zone chat point out how much the newbies can get for those things, new players can make an informed decision to sell to the OP, or sell elsewhere. Or keep for later (I never sell my alloys, and only sell Kuta if I have more than a stack).

    While I do not agree with insults or name-calling, I would join the zone chat people helping new players realise the value of their loot. If I see this kind of thing in Reapers March, Craglorn, or another higher level zone I'd assume the players there have more of an inkling to the value or their stuff (and I usually turn chat off in those areas anyway).

    Trying to buy things from newbies at a real low price to turn a profit is not forbidden, and does not constitute a scam, I just find it morally wrong. Different people have different morals though.

    I will often sell stuff on guild traders at MM blue or purple price ranges just to make a quick sale, but I've been playing for over 3 years and don't really need gold anymore. The new players' experience is vastly different.

    I advertise in EVERY zone. I do not target any group specifically. I have no problem with people saying what things are worth. However, I must ask:does wal-mart list what they paid the Chinese factories for their stock, next to the price we pay? The bottom line is that I just don't like people assuming I'm trying to cheat or scam anyone. I'm buying low and selling high like all good businesses do.

    Walmart knows how to run a successful business. Your business practice has something to be desired, because it looks like you are not much successful with the way you handle your business.

    Here are some tips: for things that sell well (raw mats, gold tempers, alchemy ingredients), buy anything that is 10% under MM. Not many people are unaware enough to sell you alchemy ingredients at 60% of MM, especially if your ads literally say "WTB ingredients at 60% MM". The flow of money is utmost important.

    And no, what you are doing isn't wrong, it's just not really effective.

    What makes you say I'm not successful?. . I make 200-500k a day. That is during the week. I make millions on weekends.The point of the thread is not a lack of profit its a lack of respect from people in zone.. As stated above I do not say 60% in zone. I name individual prices. I only mentioned the 60% (I pay 65% on bulk) in here for the sake of discussion. However, i do appreciate the advice and tips on what sells.

    PC EU or PC NA?

    I don't believe that you can make 500k profit a day just from buying alchemy reagents at 60% from zonechat and resell them at full price, especially when people constantly spam MM and flame you. You can make that much of money through trading in general, but the question is, how much those 60% trade deals contribute to your total income?

    Whether or not you believe me is irrelevant to the fact that it is true. There are people smart enough to know how business works and that want to sell in bulk. They don't believe every flaming troll comment they read.

    With due respect, it's easy to claim that you make millions gold a day that way, but it's not necessarily a fact, that's just your story and people might or might not believe it. It might be true, or not.

    The only kind of "smart" people who make bulk sale of alchemy ingredients at 60% MM to someone in zonechat are people who can foresee a total crash of the alchemy reagents market in a very near future (like, one week or so), and I don't see any possibility of a market crash next week (or people who are too rich that they don't care). If the alchemy market is going to crash next week, though, hats off to those people. Other than that, I see no way of making 500k profit a day just from buying alchemy reagents at 60% from zonechat and resell them at full price, especially when people constantly spam MM and flame you. I will be extremely surprised if people are that unaware of the market price. It's just that your story is too hard to believe, it might be true, though, if so, i am happy for you :) Don't get me wrong, I don't say that what you claim you are doing is wrong, I just suspect there might be something more to the story of yours.

    But, anyway, you didn't answer my question. PC EU or PC NA?
    Edited by hmsdragonfly on June 5, 2017 6:35PM
    Aldmeri Dominion Loyalist. For the Queen!
  • Loralai_907
    Loralai_907
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    I usually don't pay attention to people buying/selling things in zone chat. But recently, there was this one person that was looking to buy Columbine for like 80g. It was kind of funny how fast people jumped in to make sure new players weren't super taken advantage of. And that is something I love about this community.

    By all means, try to buy things for lower than MM prices in zone chat. But part of that is going to come with people saying something, at least some of the time. If you want to avoid that completely, start shopping at kiosks for under priced things. A lot of people make a lot of gold doing that.
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  • code65536
    code65536
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    Almar wrote: »
    code65536 wrote: »
    You also have to keep in mind that MM prices for alchemy mats are generally deflated by a low sales points. Usually by a lot. MM says one price, but when you as a buyer try to buy it, good luck finding any reasonable quantity at those MM prices. Most of the time, what I can find is 50% higher than MM.

    So MM in this case isn't even the true market value. The true market value--what the typical buyer can expect to pay if they want to buy enough mats to make a stack or two--is much higher than what MM indicates. And then this "reseller" is buying them for a fraction of the already-lower-than-actual-value MM.

    Well, if you can find people who have large stockpiles of these mats and no idea what they could really fetch, then consider yourself lucky. I still see it as predatory.

    And every time I see someone--whether its the OP or anyone else--in zone chat advertising to buy for a predatory price that's ridiculously low, I will immediately offer to buy at MM so people (1) know that it's worth more and (2) if they do agree to sell to me, then that's a nice win since finding these reagents in reasonable quantities at actual MM is nigh impossible.

    So 35% profit is an outrageous predatory price? You have a lot to learn about business if you believe that. It is barely an acceptable risk on my part, since i have no guarantee that they will sell. If you wanna list MM prices for every re-seller you see because you are the "price police" and have decided what is"fair" and what isn't . . . go ahead. Since MM is only representative of the 5 guilds you are in, ill just list my Own MM prices which are usually 20% less than the big guilds.

    ROTFL. If you're like the people I've seen in zone chat, then we're looking at Corn Flower for 120g each? MM is something in the ballpark of around 200g for me (and 120 is, conveniently, 60% of 200), but in reality, if you want to buy it for any significant quantity from the guild stores, you're looking at 300g. "35% profit"? LOL, you keep digging.

    And I'm not the "price police". I'm not telling people to not sell to predatory players. I'm just telling people that they are getting ripped off because it's worth more and, to back that up, I'm offering people a chance to sell for a lot more than what the predator is offering. It's up to them what they do with that information and offer. Hey man, it's just business. I'm not "price policing". I'm outbidding predators like you (and getting a good deal myself since, again, finding these things for 200g is actually quite difficult). What, you don't like it when people offer to pay more than your ridiculous prices? Or does your free-market ethos not include the concept of competition? You're hilarious.
    Edited by code65536 on June 5, 2017 7:50PM
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  • starkerealm
    starkerealm
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    Almar wrote: »
    @Almar they are just jealous that they are not smart enough to play the market. Playing the market is a component of this game. Just ignore them.

    I have ran into a couple of people like that myself, they are unworthy of our attention.

    A guild leader in one of my guilds even threatened to kick me out over not paying MM for everything!

    I... wait... what the snot!?
  • kiLLahweSPe
    kiLLahweSPe
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    I got called a scammer for selling prismatic glyphs at 15k, whilst MM said 12k.
    i got called a scammer for trying to sell spare Glass motifs from the event for 5k each, whilst they cost 10k and 10 fragments.

    People actually dont really know the meaning of the word scam anymore, so your best bet is to ignore all this dense talking.

    And even if u exploit the uneducated i dont really care, its their fault being uneducated. And if they dont care about profits or market prices, why do you, the "economic Tourette's syndrome" people, care at all?
    PC EU

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  • Jamascus
    Jamascus
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    Almar wrote: »
    I offer to buy reagents in bulk at 60% of their value. I have done this same basic thing, with various items, on every MMO I’ve ever played. As well as in the drugstore my wife and I own in real life. Our candy, soda, homeopathy and many other products are bought from distributors at about that rate.
    Until I started playing ESO I never had a problem with it. Suddenly in this game people in the zones have become crusaders against re-sale profit! I get threats insults profanity, accusations, and more. All because I’m offering less than MM.
    Is there no free market in this game? Where is the hidden code that says everything must be sold for MM prices only? Why is this the first game where re-sale sparks such outrage?
    I wonder do all these offended people charge into retails stores around the world and demand that THEY start paying retail prices for their stock and make 0 profit?
    Do they go around in game to all the traders I see that have items listed for up to 1000% over MM and cry to those sellers? I mean since they are so dedicated to making sure there is NO profit in the game why stop with me?
    Looking for opinions on this.

    There is no "free market" in Eso. The guild trader system is *** terrible and causes extortion, exclusivity and elitism. They need to do away with blind bids and post on the guild screen what each trader bid cost, every week.
    Also, when we open the guild store screen at the banker we need the option to search every guild store. Not just the ones we're apart of.
    Edited by Jamascus on June 6, 2017 6:37PM
  • biankha
    biankha
    Soul Shriven
    The people who get triggered by this behaviour are the same people who can't even afford a small house because they don't know how to make money.

    Flipping is part of the game. Mind your own business.

    Actually I own several homes (including a grand estate) fully decorated... And I hate watching some jackhole think they can go in and rip people off that don't know the actual value of what they are selling. He wants people to not speak up and inform the public.... If he's doing nothing wrong... Then why does it bother him that the market is informed?

    If he was really making the kind of profit he says he is.... Then people informing zone chat wouldn't bother him at all... He'd go about his business instead of coming to the forums to whine about how unfair it is that someone calls him out on his "business" practices.
  • biankha
    biankha
    Soul Shriven
    What makes you say I'm not successful?. . I make 200-500k a day. That is during the week. I make millions on weekends.The point of the thread is not a lack of profit its a lack of respect from people in zone.. As stated above I do not say 60% in zone. I name individual prices. I only mentioned the 60% (I pay 65% on bulk) in here for the sake of discussion. However, i do appreciate the advice and tips on what sells.

    Respect?... You keep bringing up Walmart.... Sure... everyone loves shopping at walmart for the cheap prices (Which you've already said you sell at mm value so you're not really providing "a deal" so please stop comparing yourself to them... It's more like you're shopping at Walmart and then trying to resell that same stuff at a mid-range boutique).... People may enjoy shopping at walmart... but everyone hates the Waltons (the owners of walmart)... Because they use public funds to get started... drive out local business... and pay their workers just enough to get by legally (even though they could pay a living wage) - since most of their employees have to use food stamps to survive.

    So if you're looking for respect... Then rethink your model.

    Edited by biankha on June 19, 2017 1:28PM
  • Zalicius
    Zalicius
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    Almar wrote: »
    I offer to buy reagents in bulk at 60% of their value. I have done this same basic thing, with various items, on every MMO I’ve ever played. As well as in the drugstore my wife and I own in real life. Our candy, soda, homeopathy and many other products are bought from distributors at about that rate.
    Until I started playing ESO I never had a problem with it. Suddenly in this game people in the zones have become crusaders against re-sale profit! I get threats insults profanity, accusations, and more. All because I’m offering less than MM.
    Is there no free market in this game? Where is the hidden code that says everything must be sold for MM prices only? Why is this the first game where re-sale sparks such outrage?
    I wonder do all these offended people charge into retails stores around the world and demand that THEY start paying retail prices for their stock and make 0 profit?
    Do they go around in game to all the traders I see that have items listed for up to 1000% over MM and cry to those sellers? I mean since they are so dedicated to making sure there is NO profit in the game why stop with me?
    Looking for opinions on this.

    Anyone against capitalism should be jailed. We live in a democracy. I support your activity and and I'm sure others do. You have to understand people don't come out of the woodwork to praise Walmart, but people love Walmart, that's why it's stock has such a good valuation relative to other stocks in the retail sector. Keep up the good work and don't be ashamed to gouge, it's what makes room for competition!

    Yeah, don't be ashamed.

    yofRnc6.jpg
  • Alexdacrazy
    Alexdacrazy
    Soul Shriven
    OP maybe you already know this by now, but belitting you is a common tactic to get you to offer a better deal. Very common practice in MMOs especially.
  • NordSwordnBoard
    NordSwordnBoard
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    [quote="Almar;d-348690"Anyone against capitalism should be jailed. We live in a democracy. I support your activity and and I'm sure others do. You have to understand people don't come out of the woodwork to praise Walmart, but people love Walmart, that's why it's stock has such a good valuation relative to other stocks in the retail sector. Keep up the good work and don't be ashamed to gouge, it's what makes room for competition![/quote]

    That's right! A representative government in a free speech society should jail anybody who disagrees with its form of economy. The House Un-American Activities Committee should be informed. Anybody who disagrees is an obvious communist subversive lol.

    senmccarthy.jpg

    What you're having difficulty with in this thread seems to be that you're a retailer irl (set price tags), but you play the role of salesman/hustler in the game (haggling). Salesmen get disrespected all the time but usually get more lucrative rewards for their efforts. Retailers trade off the potential higher profits for a more stable transaction with less work (consumers come to you).

    You just need thicker skin to be a salesman, don't expect the same interaction you get with irl wholesalers. I'm OK with you making tons of money off people, as long as you're truthful. Since you PC folks have an add-on I don't have (PS4), the consumers in your market may be more informed - but market price to me is an average of what people are willing to pay.

    Gouging does not make room for competition; competition has the opposite effect: it lowers prices.

    What you do is not wrong, but I disagree with some of your reasoning and definitely disagree with the ideology of throwing the opposition in jail.
    Fear is the Mindkiller
  • sylviermoone
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    Jamascus wrote: »
    There is no "free market" in Eso. The guild trader system is *** terrible and causes extortion, exclusivity and elitism. They need to do away with blind bids and post on the guild screen what each trader bid cost, every week.....

    Off topic, but actually....the bid amount USED to be available for all members of a guild to view in the history every week. ZOS removed this functionality to "curb bid spying", but since the only transactions which AREN'T seen in the history now are the bids that get made throughout the week this change didn't, in fact, curb bid spying, and only served to make guilds LESS transparent to their members. Which, when you're running a trading guild that has a high enough bid that you rely on your members' financial support OUTSIDE of the taxes the store generates (raffles, auctions and other fund raisers), actually hurts more than it helps, in my opinion.

    On topic: I think it's laudable that folks want to help make sure new players aren't getting scammed, and they probably aren't. How many new players are sitting on enough alchemy ingredients that they'd even half way consider selling them to someone posting that they're looking for bulk quantities? Buying an item for a lower price than what you sell it for is how LITERALLY every business makes money. It doesn't matter if they're selling books, herbs, medicine, groceries, consulting services.... The idea of making a profit is implicitly tied to the idea of buying at wholesale and selling at retail.

    Yes, MM data is limited to the guilds that you are a part of. TTC data isn't any better, as it's data is limited to what LISTINGS it's seen, rather than any hard selling data. And even though it's seen 100's of LISTINGS....how many of those listings were pulled off the store for not selling and relisted at lower prices? It's a flaw in that system, just as the limited data of MM, is a flaw in that system. I think a much bigger problem is that people fail to analyze the graphical data provided by MM and tout the returned AVERAGE selling price as if it's some sort of line thou shalt not cross. We all do remember that in order to return an AVERAGE, there must necessarily be higher and lower prices, right?

    TLDR: buying items in bulk for below the retail price isn't a scam, it's good business if you're looking to make profit, and the folks that are going to SELL at those wholesale prices are probably not new players, anyway. Also, pricing addons are TOOLS, and a tool in the hand of a moron is probably not going to work as well.
    Edited by sylviermoone on June 19, 2017 3:23PM
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  • hookemhorns212
    hookemhorns212
    Soul Shriven

    code65536 wrote: »
    Almar wrote: »
    code65536 wrote: »
    You also have to keep in mind that MM prices for alchemy mats are generally deflated by a low sales points. Usually by a lot. MM says one price, but when you as a buyer try to buy it, good luck finding any reasonable quantity at those MM prices. Most of the time, what I can find is 50% higher than MM.

    So MM in this case isn't even the true market value. The true market value--what the typical buyer can expect to pay if they want to buy enough mats to make a stack or two--is much higher than what MM indicates. And then this "reseller" is buying them for a fraction of the already-lower-than-actual-value MM.

    Well, if you can find people who have large stockpiles of these mats and no idea what they could really fetch, then consider yourself lucky. I still see it as predatory.

    And every time I see someone--whether its the OP or anyone else--in zone chat advertising to buy for a predatory price that's ridiculously low, I will immediately offer to buy at MM so people (1) know that it's worth more and (2) if they do agree to sell to me, then that's a nice win since finding these reagents in reasonable quantities at actual MM is nigh impossible.

    So 35% profit is an outrageous predatory price? You have a lot to learn about business if you believe that. It is barely an acceptable risk on my part, since i have no guarantee that they will sell. If you wanna list MM prices for every re-seller you see because you are the "price police" and have decided what is"fair" and what isn't . . . go ahead. Since MM is only representative of the 5 guilds you are in, ill just list my Own MM prices which are usually 20% less than the big guilds.

    ROTFL. If you're like the people I've seen in zone chat, then we're looking at Corn Flower for 120g each? MM is something in the ballpark of around 200g for me (and 120 is, conveniently, 60% of 200), but in reality, if you want to buy it for any significant quantity from the guild stores, you're looking at 300g. "35% profit"? LOL, you keep digging.

    And I'm not the "price police". I'm not telling people to not sell to predatory players. I'm just telling people that they are getting ripped off because it's worth more and, to back that up, I'm offering people a chance to sell for a lot more than what the predator is offering. It's up to them what they do with that information and offer. Hey man, it's just business. I'm not "price policing". I'm outbidding predators like you (and getting a good deal myself since, again, finding these things for 200g is actually quite difficult). What, you don't like it when people offer to pay more than your ridiculous prices? Or does your free-market ethos not include the concept of competition? You're hilarious.

    Code sums it up best with his comment....I think Biankha made several great points too.....if you are "so wealthy" why are you here? Quit looking for validation here. If you can't handle the way people react to your spamming/gross undercutting/gouging then obviously something you are doing isn't right. Comparing yourself to retail stores in a game where people make the time and effort to harvest the items you basically want a cut of for no good reason is a joke. Stores get a cut of what they sell because we don't go to China or North Carolina or Mexico, etc to get one item at a time, a convenience. You are not providing any service of value, so why should you get a cut? Anyone can go to any trader and buy the same items reasonably and any person can list them and have them sell easily. We aren't talking about gear or other stuff that takes longer. These are raw mats....

  • SilverWF
    SilverWF
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    Almar wrote: »
    I offer to buy reagents in bulk at 60% of their value. I have done this same basic thing, with various items, on every MMO I’ve ever played. As well as in the drugstore my wife and I own in real life. Our candy, soda, homeopathy and many other products are bought from distributors at about that rate.
    Until I started playing ESO I never had a problem with it. Suddenly in this game people in the zones have become crusaders against re-sale profit! I get threats insults profanity, accusations, and more. All because I’m offering less than MM.
    Is there no free market in this game? Where is the hidden code that says everything must be sold for MM prices only? Why is this the first game where re-sale sparks such outrage?
    I wonder do all these offended people charge into retails stores around the world and demand that THEY start paying retail prices for their stock and make 0 profit?
    Do they go around in game to all the traders I see that have items listed for up to 1000% over MM and cry to those sellers? I mean since they are so dedicated to making sure there is NO profit in the game why stop with me?
    Looking for opinions on this.
    It looks like another "Ban (specific type) addons! It ruins my gameplay!" thread, really.

    This is competitive world, capitalism, democracy etc, you know.
    The more bulk buyers would go around - then less chances to buy something for absurdly low price in stores (like I've bought 100 Nughtshades for 600g 2 days ago) :D
    Also, there is always a couple of White_Knights, that have a wish to let all newbies around info about real prices of stuff.
    And jerks, that acting pretty similar to previous, but just to make your life harder :D
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