Pricing in guild traders, seriously?

NewBlacksmurf · February 2018

Gandrhulf_Harbard wrote: »

NewBlacksmurf wrote: »

It’s free enterprise or an open market absent of regulation.

It is absent of regulation.

But with so many people excluded from being able to Sell it is nowhere near an "open market" and THAT is why prices are so high.

All The Best

The only way you’re excluded is if you choose to be.
Sale via COD, Guild store, SPAM, Guild traders, Social media, console social clubs and communities.

Wildberryjack · February 2018

Some may do that deliberately hoping you won't grab a calculator and sort it out. Others it could be what their addon is showing it's worth. The downside to the way the trader system works in this game is you can get a large difference between addon data depending on the trade guilds you are in. One person selling something for a crazy high price and someone buying it can skew your data bad.

itscompton · February 2018

This is very common on PS4 NA as well. The larger the amount of X that you buy the more each individual unit costs so instead of getting a bulk discount you pay a bulk premium. It's really stupid.

Ley · February 2018

I'm sure others have already stated this.

When you buy a stack of items, you're paying for the convenience of not having to brows 45 different vendors buying a handful at a time. I'd much rather pay an extra 10-20% for a stack of 200 than go around and buy a bunch of smaller stacks all over the place.

Applying this logic, you may see someone post the same item multiple times for gradually increasing prices. Obviously the cheaper ones will sell first but eventually the more expensive ones will be bought by someone who doesn't feel like spending all day looking for a bargain.

The sooner you buy what you're shopping for, the sooner you can go back to doing whatever it is you like doing. If I spend an hour traveling to different vendors, I'm missing out on a potential 10k-50k I could easily be making doing something else.

Lysette · February 2018

itscompton wrote: »

This is very common on PS4 NA as well. The larger the amount of X that you buy the more each individual unit costs so instead of getting a bulk discount you pay a bulk premium. It's really stupid.

It's not so stupid if you see reseller doing it - buying all the cheaper lower item packs - combine them to a big one and put some profit on top - and you get exactly what you see - a bigger pack with a higher price per item.

helediron · February 2018

Usually we who sell those 8-packs, we know exactly what price level sells within reasonable time frame. Those selling one or two at a time form a cloud above and below but they don't settle the actual price.

Raudgrani · February 2018

Leandor wrote: »

Hahahahahahahahaha....

OP in other words: How do you dare charge more than what I think is ok? Be ashamed!

This is a market. People can charge whatever they want. If it's too expensive in your opinion, don't buy it. If people think they can get away with charging higher prices, let them. They either find someone who pays the price or they don't.

Does this merit a forum complain post? I wouldn't think so, but apparently it must be complained about.

You can't read either? It's a shame.

Raudgrani · February 2018

Nestor wrote: »

You don't need to worry about what people have listed an item for. You only need to worry about the price you are going to pay.

Where have I ever written anything suggesting I worry about anything? I wonder why people set weird prices. Basically.

Leandor · February 2018

Raudgrani wrote: »

Leandor wrote: »

Hahahahahahahahaha....

OP in other words: How do you dare charge more than what I think is ok? Be ashamed!

This is a market. People can charge whatever they want. If it's too expensive in your opinion, don't buy it. If people think they can get away with charging higher prices, let them. They either find someone who pays the price or they don't.

Does this merit a forum complain post? I wouldn't think so, but apparently it must be complained about.

You can't read either? It's a shame.

Ahhhh, let the justifications flow.

Raudgrani · February 2018

NewBlacksmurf wrote: »

Raudgrani wrote: »

NewBlacksmurf wrote: »

It’s free enterprise or an open market absent of regulation.

Some like it while others beg for tight regulations.

Kinda of like what’s going on in most political discussions worldwide.
Seems fine to me, buy or don’t buy.....ignore or send them a question as their name is on the listing

I really doubt you read what I wrote? Short recap: Dreug Wax goes for 7500. Some guy sells one for 7500. SAME guy sells 2 for 16 000 or even more - say even 18 000 isn't all unusual. Why?

This isn't some odd unusual occurrence either, but more a rule than an exception. Why?

I'm not asking for regulations, cartels, new rules or anything - I simply wonder if there's something I've missed, why are people doing it? Normally, you would probably see someone selling two 7.5k wax for 14-14.5k, if it was the way the world normally works, at least not MORE than 15k.

I read it ....
Why should they do it the way you or I may think is more logical tho?

It’s an open market....sort one way and it pops up, sort another and it pops up
Maybe try it yourself, it may change your thoughts on it

Are you all a bunch of illiterate parrots, or what is this? Seriously? Or is this some kind of big Tamriel conspiracy I've sniffed up? It's a free market, it's a free market - yes, I don't need to see that repeated. As if I didn't know. What I wonder is why - literally - are people selling stuff this way, it doesnt make any sense to me. You were on some kind of trail there by elaborating on sorting search results. Good, a little constructive dialogue.

MTijhuis · February 2018

Look at it the other way. Lot of people don't like farming or don't have time but still wanna gold out the gear. Why would I sell 8 wax for a cheaper price a piece? Afterall I save you time looking through traders, especially on a console without add ons.

disintegr8 · February 2018

There are different types of vendors - some want to get as much as they can for every item, some want to sell quickly and set their prices lower, regardless of what everyone else is doing, others will match the general price range and wait for the item to sell.

The first person may be greedy, the second person may be impatient and the third person is just happy to go with the flow. None of them are doing anything wrong as the buyer usually has the decision of how much they want to pay.

I'll finish with my standard response in any thread about traders and item pricing: For every item on sale, someone had to go and get it. If someone else can go get it, so can you. Anyone who doesn't like the prices being asked for things, can simply go and look for it themselves and save the gold.

Raudgrani · February 2018

Ley wrote: »

I'm sure others have already stated this.

When you buy a stack of items, you're paying for the convenience of not having to brows 45 different vendors buying a handful at a time. I'd much rather pay an extra 10-20% for a stack of 200 than go around and buy a bunch of smaller stacks all over the place.

Applying this logic, you may see someone post the same item multiple times for gradually increasing prices. Obviously the cheaper ones will sell first but eventually the more expensive ones will be bought by someone who doesn't feel like spending all day looking for a bargain.

The sooner you buy what you're shopping for, the sooner you can go back to doing whatever it is you like doing. If I spend an hour traveling to different vendors, I'm missing out on a potential 10k-50k I could easily be making doing something else.

I could buy that (no pun intended) if we spoke of something actually rare, but these materials ain't. You can easily find (for example) wax to gold out 5-7 body pieces in a couple of traders in the same spot, buying individual pieces. It's not like waxes or tempers are really rare, other than as drops from refining materials.

The few times I have sold like 8 waxes at the same time, for 60k, it has been bought so f****g fast it was like someone was tailing me, just waiting for me to post the deal. Someone probably thought they made onehelluva deal right there, without actually checking what the individual price would be split on 8. What I deem a reasonable price on such as stack, is obviously that rare. LOL

Nestor · February 2018

Raudgrani wrote: »

Nestor wrote: »

You don't need to worry about what people have listed an item for. You only need to worry about the price you are going to pay.

Where have I ever written anything suggesting I worry about anything? I wonder why people set weird prices. Basically.

Worry ---- Wonder pretty much the same thing.

As to why people set hi prices, let me give you an example. I listed a mid tier green food recipe that normally sells for 350 gold at 3500 gold by mistake. I only found out about the mistake when someone bought it. I refunded 3k to the buyer, never got a thank you back.

So, people will.pay absurd prices for things.

Raudgrani · February 2018

xaraan wrote: »

Some people are willing to price stuff high and sit on the listing to see if it sells, some aren't and price at market or lower to move the product (and those often sell quickly sometimes leaving only the high price stuff showing).

I do too, when it comes to set pieces. But not "consumer goods" like these, which more or less everyone has at least a couple of, and have a slow but stead flow of on a daily or at least weekly basis. Of course I post more rare and sought for weapons, jewelry etc. to a quite high price, but that's comparing apples and pears really.
That's supply and demand for real. Right after a necklace or ring has been dropped at the Golden Vendor, nobody want's to pay, but a few months later you can usually get twice or more than the actual original price. This isn't applicable on improving materials, unless there's a nuclear war in Tamriel and Dreugh Wax becomes hard to find.

Epona222 · February 2018

When I shop for stuff, I usually want a full stack - and will pay more per unit to get that in one transaction rather than buying multiple listings of a few of an item from multiple traders at lower prices.

People pay for convenience, and to save time.

I doubt many crafters who have run out of mats doing writs and need another 200 rubedo (or any other mat) will waste precious time saving a few gold here and there buying just a few in a different places - saving that time is worth paying a bit more per unit to buy a full stack.

It's really that simple. (I actually won't buy a lot of basic mats that I need unless they are a full stack, worth remembering if you are listing stuff. Gold tempers sell well in multiples of 8, but for refined ingots/cloth/wood, people tend to want a lot in one go)

Minalan · February 2018

Prices on Singleton items are more volatile because they’re snapped up more often. Sometimes it’s lower as people drop prices to move their stuff before someone else in the same shop. Sometimes it’s higher because someone buys up everything on a vendor.

Prices on multiple items (say 10 wax) dont fluctuate because they don’t sell as often. So you’ll sometimes get a deal, sometimes notsomuch.

This isn’t costco. It’s a game. Prices can’t be set on multiple items to mirror the in game average sale.

DoctorESO · February 2018

.

NewBlacksmurf · February 2018

Raudgrani wrote: »

NewBlacksmurf wrote: »

Raudgrani wrote: »

NewBlacksmurf wrote: »

It’s free enterprise or an open market absent of regulation.

Some like it while others beg for tight regulations.

Kinda of like what’s going on in most political discussions worldwide.
Seems fine to me, buy or don’t buy.....ignore or send them a question as their name is on the listing

I really doubt you read what I wrote? Short recap: Dreug Wax goes for 7500. Some guy sells one for 7500. SAME guy sells 2 for 16 000 or even more - say even 18 000 isn't all unusual. Why?

This isn't some odd unusual occurrence either, but more a rule than an exception. Why?

I'm not asking for regulations, cartels, new rules or anything - I simply wonder if there's something I've missed, why are people doing it? Normally, you would probably see someone selling two 7.5k wax for 14-14.5k, if it was the way the world normally works, at least not MORE than 15k.

I read it ....
Why should they do it the way you or I may think is more logical tho?

It’s an open market....sort one way and it pops up, sort another and it pops up
Maybe try it yourself, it may change your thoughts on it

Are you all a bunch of illiterate parrots, or what is this? Seriously? Or is this some kind of big Tamriel conspiracy I've sniffed up? It's a free market, it's a free market - yes, I don't need to see that repeated. As if I didn't know. What I wonder is why - literally - are people selling stuff this way, it doesnt make any sense to me. You were on some kind of trail there by elaborating on sorting search results. Good, a little constructive dialogue.

I’ve been around since the closed beta so I think you’re asking a literal question hoping for a response that will agree with or which is align with your way of thinking. That’s not going to happen.

The simple answer is they list things this way cause 1, it’s easy, 2 people buy and 3, as a result of how the UI is designed.

Don’t apply much else to it

Saucy_Jack · February 2018

Here's the way I see it. Let's say I've got a shartload of stuff I want to improve, so I need 100 wax; let's say they're going for 3500 each.

I have three options generally available to me:

a) go around hunting for bargains, but realize quickly that if I DO find a bargain, it's only going to be for a couple of wax. Continue hunting for bargains, taking a ton of time before I finally get to 100.

b) Find someone selling a bulk stack. Maybe I hit the jackpot and they're selling the stack for a discount, but if they're selling at more than 3500 each, that's the tax I pay for getting all 100 wax I need in one shot, which is a real time-saver.

c) Farm my own wax, which will take just as long if not longer than option a), although it will be significantly cheaper, is this option is free.

But that's the point. If I'm buying in bulk, I realize that the bulk-ness is saving me a ton of time because I don't have to go around to traders finding/buying wax 2, 3, 5 at a time. I can get a whole stack, right then and there. That's worth the extra cost to me; I can always get more gold in the game, but I can't get more time.

xenowarrior92eb17_ESO · February 2018

guess that's what u get when low pop server with high demand and no supply?

Runefang · February 2018

In any game I've played where the economy is essentially player run, the easiest way to make money was to take advantage of people's laziness. List the items they want, at a premium and they'll buy it anyway because its there and they don't want to shop around.

swippy · February 2018

when you have a reliably profitable farming method, you unload your wares at prices they'll sell at.

when you don't have a reliably profitable farming method, you have to pinch pennies and spend time shopping around.

if your gold comes in faster than the time it takes to browse guild traders, then you'll spend a little more than a penny-pincher would so you can get back to the much more profitable farming.

it's just market stratification between the OP and the very next level above his that's been noticed. people who prioritize profit recognize that time is money, and when shopping for a "better" price comes at an opportunity cost of more rewardingly-spent time, the shopping will get skipped.

NewFordOrder · February 2018

Purple robust briarheart jewelry is the pinnacle of BS in guild traders.

Prof_Bawbag · February 2018

chess1ukb16_ESO wrote: »

So that's the price wax would be if not for the bot apocalypse we face daily on PCEU

They differ greatly on console servers too. For example, all tempers are more expensive on PS4 EU than they are on the PS4 NA server. All relative as each server has its own self contained economy.

clocksstoppe · February 2018

Raudgrani wrote: »

You know, when you go to the supermarket you usually see these kind of offers where you get a better price on a product if you buy more than one at the same time. Why is this the other way around in this game?

Because I'm not a supermarket and you're buying from me. That's why.

blacksghost · February 2018

I hate it when you list something at MM prices go back a few days later and due to price fluctuation your price is too high making you either lose out because you remove and reliant or look totally greedy and or stupid.

Raudgrani · February 2018

NewBlacksmurf wrote: »

Raudgrani wrote: »

NewBlacksmurf wrote: »

Raudgrani wrote: »

NewBlacksmurf wrote: »

It’s free enterprise or an open market absent of regulation.

Some like it while others beg for tight regulations.

Kinda of like what’s going on in most political discussions worldwide.
Seems fine to me, buy or don’t buy.....ignore or send them a question as their name is on the listing

I really doubt you read what I wrote? Short recap: Dreug Wax goes for 7500. Some guy sells one for 7500. SAME guy sells 2 for 16 000 or even more - say even 18 000 isn't all unusual. Why?

This isn't some odd unusual occurrence either, but more a rule than an exception. Why?

I'm not asking for regulations, cartels, new rules or anything - I simply wonder if there's something I've missed, why are people doing it? Normally, you would probably see someone selling two 7.5k wax for 14-14.5k, if it was the way the world normally works, at least not MORE than 15k.

I read it ....
Why should they do it the way you or I may think is more logical tho?

It’s an open market....sort one way and it pops up, sort another and it pops up
Maybe try it yourself, it may change your thoughts on it

Are you all a bunch of illiterate parrots, or what is this? Seriously? Or is this some kind of big Tamriel conspiracy I've sniffed up? It's a free market, it's a free market - yes, I don't need to see that repeated. As if I didn't know. What I wonder is why - literally - are people selling stuff this way, it doesnt make any sense to me. You were on some kind of trail there by elaborating on sorting search results. Good, a little constructive dialogue.

I’ve been around since the closed beta so I think you’re asking a literal question hoping for a response that will agree with or which is align with your way of thinking. That’s not going to happen.

The simple answer is they list things this way cause 1, it’s easy, 2 people buy and 3, as a result of how the UI is designed.

Don’t apply much else to it

How do you "agree" to something, where there's no opinion given? I don't have any opinion on this, I ask why people do it - because I can't understand why.

Once again: Can someone explain why? I don't give a **** about what prices people set, I just wonder why they add cost to a stack of things, instead of keeping the same price or even giving a discount - which is a very usual thing to do, all around the world and history.

I simply don't buy the "it's easier, hurr durr - it's saving time!", what kind of frozen turtle hands must people have, to actually save time to click buy one time instead of eight? And paying more to do it? I'm kind of looking for some of these dudes to show up and say, "Hey yeah, it's because xxxxxx. That's why". :-D

I don't buy the "market mogul" strategy idea either. Yes I know some people try to "buy it all", and sell it themselves. But they obviously do a really *** job while trying to do so. There's always an abundance of these materials, it's never like you have to move around from guild trader spot to guild trader spot to find wax, as is the case with set pieces for example.

Runefang · February 2018

Also worth considering that economies of scale doesn't exist in ESO because production costs (I.e somebody's time) remains the same per item regardless of quantity produced.

Having more of a single item, such as 8 wax, could actually be making it more valuable for this reason.

Zypheran · February 2018

I sell my gold mats in stacks of 8 at 10 day market price plus 10%.
I sell stacks of mats (rubedite ingots, ancestor silk etc.) at bang on 3day market price.
I sell potion ingredients in stacks at 3day market price -5%.
Note - I said sell not offer, because they do sell within 48hrs at this price.
I would have shared why this works but reading the snarky comments offered to others that took the time to contribute to this thread, I really felt why bother!