Easily_Lost wrote: »Item does NOT sell: You DO NOT get the Listing Fee refunded.
Item does sell: Your Listing Fee is refunded.
Easily_Lost wrote: »Item does NOT sell: You DO NOT get the Listing Fee refunded.
Item does sell: Your Listing Fee is refunded.
This is the clearest and most correct statement here.
Also. When an item of mine sells in a store I always get my listing fee back.
spartaxoxo wrote: »robertthebard wrote: »spartaxoxo wrote: »robertthebard wrote: »robertthebard wrote: »Actually this is very concerning, as I also assumed from everything I have read that my fee was returned. On high value low profit items like potions, this could mean losing tons of gold when you thought you were making a profit.
If you've been increasing your net worth via selling the potions, every time you sell them, then no. A simple test would simply be to subtract 8% from your list price, A, and compare the result to what you spent making the potions, B. If A is greater than B, then you're still turning a profit.
I will need to adjust the spreadsheet I use for this to take into account the additional 1% loss. But generally, I do not post items in markets myself when the profit margin has become that slim. That said, a lot of people seem to post final products for considerably less profit than simply selling the mats would have made, and sold a lot quicker to boot.
For me, it would be all profit. I gather my own mats, so there's no overhead.
@robertthebard
That's untrue because you still have an opportunity cost. In this case, the opportunity cost is the coin you would have earned if you had sold the materials directly. If the amount you make from selling potions is lower than the opportunity cost, you're operating at a loss because your materials were more valuable than your potion.
So for example less say you were trying to sell the fictional Potion of Proving.
And the potion of proving requires the following materials, and let's also give them prices you can make at the guild trader.
1 flower of courage = 100 coins
1 bag of salt = 100 coins
Total amount you can make selling the materials directly= 200 coins
You'd need to sell your Potion of Proving at a minimum of 201 coins to make a profit. 200 coins is even, and anything less is at a loss.
If one isn't going to sell the mats anyway, there's no lost money. So for me, no lost money if I were to sell potions. The mats for your example potion don't just spawn into the Trader, so, they come from somewhere. If I'm going to worry about this potion, I would get the mats from the source. I have purchased materials at the Trader one time, in 4 years, just last night, because I needed some mats to finish a daily, and didn't feel like grinding them out. Other than that, I haven't purchased them at all. So not, it's not "untrue". In my case, I gather my own mats, I have no intention, and currently no means, since I'm not in any guild, let alone a trade guild, to sell them unless I sell to a vendor, not going to happen, and so, no lost opportunity.
If you're selling a potion, you can sell the mats. If you weren't selling anything you'd have a point. But you are selling them, you're just turning them into a potion first. Which means you should factor in the price of ingredients.
Even if you're just vendoring them it's worth checking the price to vendor the mats vs the potions.
robertthebard wrote: »spartaxoxo wrote: »robertthebard wrote: »spartaxoxo wrote: »robertthebard wrote: »robertthebard wrote: »Actually this is very concerning, as I also assumed from everything I have read that my fee was returned. On high value low profit items like potions, this could mean losing tons of gold when you thought you were making a profit.
If you've been increasing your net worth via selling the potions, every time you sell them, then no. A simple test would simply be to subtract 8% from your list price, A, and compare the result to what you spent making the potions, B. If A is greater than B, then you're still turning a profit.
I will need to adjust the spreadsheet I use for this to take into account the additional 1% loss. But generally, I do not post items in markets myself when the profit margin has become that slim. That said, a lot of people seem to post final products for considerably less profit than simply selling the mats would have made, and sold a lot quicker to boot.
For me, it would be all profit. I gather my own mats, so there's no overhead.
@robertthebard
That's untrue because you still have an opportunity cost. In this case, the opportunity cost is the coin you would have earned if you had sold the materials directly. If the amount you make from selling potions is lower than the opportunity cost, you're operating at a loss because your materials were more valuable than your potion.
So for example less say you were trying to sell the fictional Potion of Proving.
And the potion of proving requires the following materials, and let's also give them prices you can make at the guild trader.
1 flower of courage = 100 coins
1 bag of salt = 100 coins
Total amount you can make selling the materials directly= 200 coins
You'd need to sell your Potion of Proving at a minimum of 201 coins to make a profit. 200 coins is even, and anything less is at a loss.
If one isn't going to sell the mats anyway, there's no lost money. So for me, no lost money if I were to sell potions. The mats for your example potion don't just spawn into the Trader, so, they come from somewhere. If I'm going to worry about this potion, I would get the mats from the source. I have purchased materials at the Trader one time, in 4 years, just last night, because I needed some mats to finish a daily, and didn't feel like grinding them out. Other than that, I haven't purchased them at all. So not, it's not "untrue". In my case, I gather my own mats, I have no intention, and currently no means, since I'm not in any guild, let alone a trade guild, to sell them unless I sell to a vendor, not going to happen, and so, no lost opportunity.
If you're selling a potion, you can sell the mats. If you weren't selling anything you'd have a point. But you are selling them, you're just turning them into a potion first. Which means you should factor in the price of ingredients.
Even if you're just vendoring them it's worth checking the price to vendor the mats vs the potions.
I addressed this in the post you quoted here, I'm not going to be selling them to a vendor either. Exception: When my alchemist does her daily, and I make multiples of something I'm not going to use, but the turn in is only one potion. Since I can't make just one potion in that scenario, the rest are either clutter, or vendor fodder.
spartaxoxo wrote: »robertthebard wrote: »spartaxoxo wrote: »robertthebard wrote: »spartaxoxo wrote: »robertthebard wrote: »robertthebard wrote: »Actually this is very concerning, as I also assumed from everything I have read that my fee was returned. On high value low profit items like potions, this could mean losing tons of gold when you thought you were making a profit.
If you've been increasing your net worth via selling the potions, every time you sell them, then no. A simple test would simply be to subtract 8% from your list price, A, and compare the result to what you spent making the potions, B. If A is greater than B, then you're still turning a profit.
I will need to adjust the spreadsheet I use for this to take into account the additional 1% loss. But generally, I do not post items in markets myself when the profit margin has become that slim. That said, a lot of people seem to post final products for considerably less profit than simply selling the mats would have made, and sold a lot quicker to boot.
For me, it would be all profit. I gather my own mats, so there's no overhead.
@robertthebard
That's untrue because you still have an opportunity cost. In this case, the opportunity cost is the coin you would have earned if you had sold the materials directly. If the amount you make from selling potions is lower than the opportunity cost, you're operating at a loss because your materials were more valuable than your potion.
So for example less say you were trying to sell the fictional Potion of Proving.
And the potion of proving requires the following materials, and let's also give them prices you can make at the guild trader.
1 flower of courage = 100 coins
1 bag of salt = 100 coins
Total amount you can make selling the materials directly= 200 coins
You'd need to sell your Potion of Proving at a minimum of 201 coins to make a profit. 200 coins is even, and anything less is at a loss.
If one isn't going to sell the mats anyway, there's no lost money. So for me, no lost money if I were to sell potions. The mats for your example potion don't just spawn into the Trader, so, they come from somewhere. If I'm going to worry about this potion, I would get the mats from the source. I have purchased materials at the Trader one time, in 4 years, just last night, because I needed some mats to finish a daily, and didn't feel like grinding them out. Other than that, I haven't purchased them at all. So not, it's not "untrue". In my case, I gather my own mats, I have no intention, and currently no means, since I'm not in any guild, let alone a trade guild, to sell them unless I sell to a vendor, not going to happen, and so, no lost opportunity.
If you're selling a potion, you can sell the mats. If you weren't selling anything you'd have a point. But you are selling them, you're just turning them into a potion first. Which means you should factor in the price of ingredients.
Even if you're just vendoring them it's worth checking the price to vendor the mats vs the potions.
I addressed this in the post you quoted here, I'm not going to be selling them to a vendor either. Exception: When my alchemist does her daily, and I make multiples of something I'm not going to use, but the turn in is only one potion. Since I can't make just one potion in that scenario, the rest are either clutter, or vendor fodder.
You are selling them whether your choose to acknowledge your opportunity cost or not. By turning them into a potion and selling that potion, no matter the method you choose to sell the potion, you have sold your mats. They are not in your inventory anymore. They have been turned into a potion and sold. They are gone. There is an opportunity cost to that. Just, factually.
EirgarthEldjarns wrote: »You are leaving gold on the table if you make 4 and sell/vendor the 3 you don't need... when doing daily crafting writs, you don't have to make it on the spot... common practice is to store stacks of potions and food (for dailies) and just withdraw when you need...
EirgarthEldjarns wrote: »Well no, those recipes will sell for 8mil, so that isn't it...
I am talking about more mundane items that folks will list for insane prices, trying to hose certain AddOns listing ranges...
For those who still doubt (I did this just to make sure)... deposit all your gold into the bank, minus 10 gold (to keep with the theme of the OPs post)..
Now post something for 1000 gold
You should have NO gold in your inventory now...
Have someone in your guild buy the item...
Look at the amount of gold in the mail, you will not see that initial 10 gold mailed back to you.
Eir
EirgarthEldjarns wrote: »Well no, to list something for 1000000 gold, you have to pay 10k up front (non refunded)... so that means they lose the 10k just to be an arse... there is another nefarious reason, but rather not mention here.
Eir
EirgarthEldjarns wrote: »You are leaving gold on the table if you make 4 and sell/vendor the 3 you don't need... when doing daily crafting writs, you don't have to make it on the spot... common practice is to store stacks of potions and food (for dailies) and just withdraw when you need...
Also, for dailies, only pre-req is that your account has to craft it, so another common practice is to have your main crafter just pump out stacks of food/potions and have your other chars just withdraw as well... only suggestion, for sanity and vault space, either cap out provisioning and alch or leave them at 1, so the pool of results is minimal.
Not sure which platform you are on, but if you use LazyWrit, it'll withdraw the appropriate item from the bank for you.
Eir