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Best offer pricing for Guild Trader listings
nTranced
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As it stands now items listed in Guild Traders are a fixed price but what if sellers had the option to accept a best offer price automatically?
For example a seller may list a tempering alloy for 10k gold, during the listing process they'd have the option to set a best offer price. In this case let's say the seller is willing to accept 7500 gold for the temp.
Upon confirming the list price 10k gold and the best offer price 7.5k gold, the tempering alloy would be listed in the Guild Trader for 10k gold with a best offer indicator. Only the seller would ever see the minimum best offer price of 7.5k gold.
A buyer seeing the listing and best offer indicator puts in a price of 8.5k gold and immediately receives the temp since it was above the minimum best offer price of 7.5k gold.
Had the buyer put in a price of 7k gold they would not get the temp since it's below 7.5k gold best offer price.
In the event of a successful offer only that amount would appear in the list of items sold, the initial price of 10k gold would become irrelevant.
The listing fee would initially be based on the list price not the best offer price but any difference would be reimbursed if the item sells at a lower price.
The motivation for this system is that on console we don’t have addons to compare prices and I’ve noted items are often overpriced and end up being relisted multiple times. Giving sellers the option of automatically accepting a lower price could lead to increased sales and better prices for buyers.
However there will be buyers who, seeing the best offer indicator, will always try to get as close to the minimum price as possible. If using the best offer option results in most sales at near minimum prices then sellers may stop using this option. A solution would be to limit the number of best offers a buyer could make in a 24-hour period to 5. This would be account wide and apply to all best offer items.
For example a seller may list a tempering alloy for 10k gold, during the listing process they'd have the option to set a best offer price. In this case let's say the seller is willing to accept 7500 gold for the temp.
Upon confirming the list price 10k gold and the best offer price 7.5k gold, the tempering alloy would be listed in the Guild Trader for 10k gold with a best offer indicator. Only the seller would ever see the minimum best offer price of 7.5k gold.
A buyer seeing the listing and best offer indicator puts in a price of 8.5k gold and immediately receives the temp since it was above the minimum best offer price of 7.5k gold.
Had the buyer put in a price of 7k gold they would not get the temp since it's below 7.5k gold best offer price.
In the event of a successful offer only that amount would appear in the list of items sold, the initial price of 10k gold would become irrelevant.
The listing fee would initially be based on the list price not the best offer price but any difference would be reimbursed if the item sells at a lower price.
The motivation for this system is that on console we don’t have addons to compare prices and I’ve noted items are often overpriced and end up being relisted multiple times. Giving sellers the option of automatically accepting a lower price could lead to increased sales and better prices for buyers.
However there will be buyers who, seeing the best offer indicator, will always try to get as close to the minimum price as possible. If using the best offer option results in most sales at near minimum prices then sellers may stop using this option. A solution would be to limit the number of best offers a buyer could make in a 24-hour period to 5. This would be account wide and apply to all best offer items.
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Tandor✭✭✭✭✭
✭✭✭✭✭For example a seller may list a tempering alloy for 10k gold, during the listing process they'd have the option to set a best offer price. In this case let's say the seller is willing to accept 7500 gold for the temp.
Upon confirming the list price 10k gold and the best offer price 7.5k gold, the tempering alloy would be listed in the Guild Trader for 10k gold with a best offer indicator. Only the seller would ever see the minimum best offer price of 7.5k gold.
A buyer seeing the listing and best offer indicator puts in a price of 8.5k gold and immediately receives the temp since it was above the minimum best offer price of 7.5k gold.
Had the buyer put in a price of 7k gold they would not get the temp since it's below 7.5k gold best offer price.
In practice the seller would think "It's worth 10K so I'll ask 12K and accept a minimum best price of 10K".
In other words, this feature would simply mean a listing price increase all round, and at best both parties would be no better off while at worst the buyers would lose out while the sellers would further line their pockets which are full enough under the trading system as it is at present.0 -
Juju_beans✭✭✭✭✭
✭I don't buy anything off guild traders. The prices are sky high..200g for 1 cornflower. And when you check other traders they are all about the same price.
No thanks. I'll level up alts and be self sufficient and amass my gold for other things, like another house.1 -
Shadzilla✭✭✭✭✭
✭As it stands now items listed in Guild Traders are a fixed price but what if sellers had the option to accept a best offer price automatically?
For example a seller may list a tempering alloy for 10k gold, during the listing process they'd have the option to set a best offer price. In this case let's say the seller is willing to accept 7500 gold for the temp.
Upon confirming the list price 10k gold and the best offer price 7.5k gold, the tempering alloy would be listed in the Guild Trader for 10k gold with a best offer indicator. Only the seller would ever see the minimum best offer price of 7.5k gold.
A buyer seeing the listing and best offer indicator puts in a price of 8.5k gold and immediately receives the temp since it was above the minimum best offer price of 7.5k gold.
Had the buyer put in a price of 7k gold they would not get the temp since it's below 7.5k gold best offer price.
In the event of a successful offer only that amount would appear in the list of items sold, the initial price of 10k gold would become irrelevant.
The listing fee would initially be based on the list price not the best offer price but any difference would be reimbursed if the item sells at a lower price.
The motivation for this system is that on console we don’t have addons to compare prices and I’ve noted items are often overpriced and end up being relisted multiple times. Giving sellers the option of automatically accepting a lower price could lead to increased sales and better prices for buyers.
However there will be buyers who, seeing the best offer indicator, will always try to get as close to the minimum price as possible. If using the best offer option results in most sales at near minimum prices then sellers may stop using this option. A solution would be to limit the number of best offers a buyer could make in a 24-hour period to 5. This would be account wide and apply to all best offer items.
You are looking waaaaaaaay too far ahead, people cannot even navigate guild stores without addons. Start with the ability to search for items properly in kiosks, then work your way up from there. In all honesty ZOS should just take awesome guild store and throw it into the default coding of the base game with clockwork city.3 -
nTranced✭✭✭@Shadzilla you are correct that the Guild Trader search should be the number one priority for ZOS right now and I don’t think anyone would seriously disagree. However I’m not so sure it will resolve the underlying issues with the Guild Trader system as almost every post regarding Guild Traders is calling either for drastic changes or an auction house. My idea for a “buy it now option” was to show that there are other options to refine the current trading system without making drastic changes or resorting to an auction house.1
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erliesc✭✭✭Juju_beans wrote: »I don't buy anything off guild traders. The prices are sky high..200g for 1 cornflower. And when you check other traders they are all about the same price.
No thanks. I'll level up alts and be self sufficient and amass my gold for other things, like another house.
Cornflower is going for 200 G because it is useful in a potion? Some players don't want to stoop to stopping to gather stuff for potions...they just like the high value stuff.
I sell a lot of herbs...foods...etc... including cornflower. I make a lot of potions/drinks etc...all armor and weapons for 4 characters. Sometimes you can run out of ingredients...or are in a hurry to make something...that's when a guildtrader is valuable. I buy some purple ingredients that I can't get otherwise.
I have a medium sized house...but hardly ever go there...I only use the rooms in the inns to travel easily. After leveling up crafting to 50 for everything except clothing...I ended up spending tons of gold for more bag/bank space to store all the stuff I find that takes time to sell....that's where you'll spend your gold?I know nutting....1 -
disintegr8✭✭✭✭✭
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Not everyone thinks like you do, a lot of players have things they would rather be doing than be 'self sufficient'. Hence there will always be a demand for items people like me are happy to sell.Juju_beans wrote: »I don't buy anything off guild traders. The prices are sky high..200g for 1 cornflower. And when you check other traders they are all about the same price.
No thanks. I'll level up alts and be self sufficient and amass my gold for other things, like another house.
I didn't get to buy 37 houses with in game gold out of 'greed' - if I was greedy my goods wouldn't have sold
Australian on PS4 NA server.
Everyone's entitled to an opinion.1 -
Chronicburn✭✭✭✭As a seller, I would like an option to post items at whatever the "average" selling price is across all traders.0
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jlboozer✭✭✭✭✭
✭My best offer is the price I list it for tbh....guild auctions are for price negotiations. It's fine as is, maybe needs a few more search options is all. I like the way traders are in ESO now.Edited by jlboozer on October 3, 2017 4:30AM1 -
Slick_007✭✭✭✭✭
✭this idea is way way too much effort in implementing and teaching people to use, for well, whats the opposite of gain? because as mentioned, prices would go up. and less people would use it because they already have difficulties playing the game without an addon telling them when and where to click.0