Master Merchant Evil Trade?

gard · August 2017

Khatou wrote: »

Hi, am I the only one who thinks that MM is an evil for the game trade?

I would think that people should be able to sell their product without being influenced by an addon and should be able to rely on what it sells around their merchant rather than being dictated by this far too omnipresent addon !

MM is probably the single biggest force driving prices down. I love it!

BuddyAces · August 2017

Caine_Carver wrote: »

The problem is not the data provided by MM. It is the lack of basic economic knowledge of the people using it. The are greedy and do not care or grasp the concept that each time they undercut the average to get that fast sale they force prices down.

Gee, cheaper prices. Sounds like a bummer.

WaltherCarraway · August 2017

TTC audits from all addon users with client open.
MM audits from max 5 guilds YOU'VE JOINED

End of story. If someone gonna say sales from 5 guilds combined is more comprehensive than the one having almost all guild store entries combined then well blindfolded is so real then. Probably want to drive you away from TTC (don't trust average price blahblahblah) so they can rip you off

Magdalina · August 2017

WaltherCarraway wrote: »

TTC audits from all addon users with client open.
MM audits from max 5 guilds YOU'VE JOINED

End of story. If someone gonna say sales from 5 guilds combined is more comprehensive than the one having almost all guild store entries combined then well blindfolded is so real then. Probably want to drive you away from TTC (don't trust average price blahblahblah) so they can rip you off

TTC and MM are based on entirely different principle. TTC tracks all the listings on the server. MM tracks sales in the guilds you're in. Sales are technically a better representative than listings(especially for a seller) but the amount of data is more limited, though it can be argued you get all the relevant data - that from the guilds you yourself are in.

WaltherCarraway · August 2017

Magdalina wrote: »

WaltherCarraway wrote: »

TTC audits from all addon users with client open.
MM audits from max 5 guilds YOU'VE JOINED

End of story. If someone gonna say sales from 5 guilds combined is more comprehensive than the one having almost all guild store entries combined then well blindfolded is so real then. Probably want to drive you away from TTC (don't trust average price blahblahblah) so they can rip you off

TTC and MM are based on entirely different principle. TTC tracks all the listings on the server. MM tracks sales in the guilds you're in. Sales are technically a better representative than listings(especially for a seller) but the amount of data is more limited, though it can be argued you get all the relevant data - that from the guilds you yourself are in.

Good point, an insightful for you.

EDIT

There are always someone faster, so the lowest price listed are most likely grabbed. Sadly TTC doesn't have such ability to update the listing on their server more frequently (as it still depends on user upload whenever they reloadui or close game)

Pricetag on sold items are definitely convincing. However for most people, whom don't have a trade guild or sales, MM is useless to them b/c no sales could be made. Under this circumstance. I'd still suggest TTC for most people seeking for traders' add-on.

caperon · August 2017

Caine_Carver wrote: »

The problem is not the data provided by MM. It is the lack of basic economic knowledge of the people using it. The are greedy and do not care or grasp the concept that each time they undercut the average to get that fast sale they force prices down.

The basic economic knowledge says that competition is good for the market and the customers. Price deflation is constant is eso economy since the demand (finite for everything other than consumables) is lower than the supply (basically infinite).

"Every individual necessarily labors to render the annual revenue of the society as great as he can ... He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention ... By pursuing his own interests, he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good."

Adam Smith, “The Wealth of Nations"

Magdalina · August 2017

WaltherCarraway wrote: »

Magdalina wrote: »

WaltherCarraway wrote: »

TTC audits from all addon users with client open.
MM audits from max 5 guilds YOU'VE JOINED

End of story. If someone gonna say sales from 5 guilds combined is more comprehensive than the one having almost all guild store entries combined then well blindfolded is so real then. Probably want to drive you away from TTC (don't trust average price blahblahblah) so they can rip you off

TTC and MM are based on entirely different principle. TTC tracks all the listings on the server. MM tracks sales in the guilds you're in. Sales are technically a better representative than listings(especially for a seller) but the amount of data is more limited, though it can be argued you get all the relevant data - that from the guilds you yourself are in.

Good point, an insightful for you.

EDIT

There are always someone faster, so the lowest price listed are most likely grabbed. Sadly TTC doesn't have such ability to update the listing on their server more frequently (as it still depends on user upload whenever they reloadui or close game)

Pricetag on sold items are definitely convincing. However for most people, whom don't have a trade guild or sales, MM is useless to them b/c no sales could be made. Under this circumstance. I'd still suggest TTC for most people seeking for traders' add-on.

Yeah I prefer TTC myself. I'm in one big trading guild but still like the larger data pool, plus TTC is heaps better for new/rare stuff. Was just pointing out that writing MM off as useless/inferior due to smaller data pool than TTC is generally incorrect.

sylviermoone · August 2017

Narvuntien wrote: »

Well I haven't used MM since horns the reach it doesn't seem to have been updated .. I downloaded TTC :P
Since I am only in the one, medium, trade guild it seems better for me since I have no way of knowing the price of random gear with just MM (mats is fine but not gear). Yeah I know it tracks listings not sales (and large trade guilds seem to be listing things for huge amounts) It tends to give me enough information to work out how much things are worth. super wierd getting whispers for people wanting to buy "junk" I list on my non trade guild stores though.

I really do miss being able to track how much I have sold through my guildstores for the week though since I use that to gauge how much I should donate. I hope they put that into the base game.

There's a box to check that allows for running out of date addons. Check it. MM will get an update this week, but is completely functional.

sylviermoone · August 2017

WaltherCarraway wrote: »

TTC audits from all addon users with client open.
MM audits from max 5 guilds YOU'VE JOINED

End of story. If someone gonna say sales from 5 guilds combined is more comprehensive than the one having almost all guild store entries combined then well blindfolded is so real then. Probably want to drive you away from TTC (don't trust average price blahblahblah) so they can rip you off

What you're missing is that these add-ons track different data. TTC scans LISTING prices. MM tracks SALES prices. No matter how much data there is, LISTING info will never be the same as SALES info.

coop500 · August 2017

No, these addons help people from getting ripped off by crooks. So just price your stuff fairly.

wolfie1.0. · August 2017

Khatou wrote: »

Mitrenga wrote: »

Master Merchant and AwesomeGuildStore combined save me a lot of time, big thanks to the authors of these addons.

win time? You prefer to save time rather than money? It is very funny: D

You can always get money (especially ESO gold) but time? seriously.

Also I think you are operating under some assumptions here:

What MM does is the following

It tracks and records the sales in your own guild history. This exists in game and if you want you can do this exact same process by hand
It only tracks sales via Guild Stores
You Can manipulate MM pricing, but if it is being manipulated you need to talk to your guild(s)
There are settings that you can adjust to change what data is displayed.
IT SHOULD NOT be used as an end all be all price limits
MM values can and will be different between players
It is primarily a tool for sellers to use as it displays what your local competition has sold items for.
while it can be used for buying products, its usefulness as such a tool is limited as you need to treat each individual guild store as its own micro economy. So using it when you by scarce or rare items may not reflect reality

It is a great Tool to use to ensure that you are being competitive in your guild store pricing and yes it will save you some time. but it is suggested and historical information and yes time is important when it comes to selling items and making gold.

Remember time is the ONE resource that we can't renew, never have enough of, and we don't know how much of it we have.

thamightyboro · August 2017

Many eons ago I was a shipwright on star wars galaxies 12 hrs a week would be spent visiting ither shipwright stores to price 1000s of goods up and keep them current.

4 kids later and aint nobody got.time for that, being able to quickly use mm is a god send.

wolfie1.0. · August 2017

Caine_Carver wrote: »

The problem is not the data provided by MM. It is the lack of basic economic knowledge of the people using it. The are greedy and do not care or grasp the concept that each time they undercut the average to get that fast sale they force prices down.

Actually, They fully understand what they are doing AND have knowledge of basic economics. Also they are not Forcing the sales prices to go down, this occurs naturally as items increase in supply or decrease in demand. People who are willing to take less profit, or in some cases a bit of a loss for a quick sale will always exist. Especially if its an item that they don't need or want. One could actually make an argument that the "greedy" people are the ones that increase prices after a patch or change makes an item more sought after, since they are making a higher profit than before. But again, that is economics, if someone doesn't think the price is fair or worth it then they won't buy it.

Khenarthi · August 2017

wtlonewolf20 wrote: »

Caine_Carver wrote: »

The problem is not the data provided by MM. It is the lack of basic economic knowledge of the people using it. The are greedy and do not care or grasp the concept that each time they undercut the average to get that fast sale they force prices down.

Actually, They fully understand what they are doing AND have knowledge of basic economics. Also they are not Forcing the sales prices to go down, this occurs naturally as items increase in supply or decrease in demand. People who are willing to take less profit, or in some cases a bit of a loss for a quick sale will always exist. Especially if its an item that they don't need or want. One could actually make an argument that the "greedy" people are the ones that increase prices after a patch or change makes an item more sought after, since they are making a higher profit than before. But again, that is economics, if someone doesn't think the price is fair or worth it then they won't buy it.

This person gets it.

I price things I personally do not need in such a way that will make a quick sale, leaving room to sell even more unneeded things. The prices I select are fair (I only sell for the price I'd be willing to pay, and I'm stingy). This means that often I offer a lower than MM average price. If this means that average prices go down over time for a particular item, that's just because there is too much supply for too little demand. Like the Kutas in the last year or so.

kargen27 · August 2017

bloodthirstyvampire wrote: »

An addon is more like a crutch , if you lost your crutch you Wouldn't be able walk, you Wouldn't now what ot do, like a lost little lamb you rely on addons too much

Nah it is more like mass transit or a car. You can choose to walk ten miles to get to work or you can ride/drive saving all kinds of time. Both walking or riding will get you to your destination one is simply quicker.

(edit) turns out I should have read entire thread before responding. Was beat to the punch.

Danksta · August 2017

Magdalina wrote: »

Khatou wrote: »

Hi, am I the only one who thinks that MM is an evil for the game trade?

I would think that people should be able to sell their product without being influenced by an addon and should be able to rely on what it sells around their merchant rather than being dictated by this far too omnipresent addon !

But this is exactly what MM is doing. It's tracking the sales of things in your guild's(guilds') guildstore(s). Or would you prefer to manually search for every thing you want to sell and update it daily to track actual sales manually?

As a console player, trust me when I say they don't.