HELL NO

[Vilkata]

I am no economics professor, but I feel I can "learn" some people a lesson in how not to go broke in EQ. Say I spend lots of time and thousands of platinum to raise my JC skill so I can make items to sell. One popular item is the platinum fire wedding ring ( 5 ac 55 hps). Now, a bar of platinum costs almost 101pp to buy. I know of no place to farm these so I buy them. The fire opals are dropped, but it would take a long time to get stacks. So I load up a toon with multiples of 550 gold ( 55 plat ) and buy them in the temple of sol ro. 101 + 55 = 156pp.
Now im in the tunnel auctioning these and soandso sends me a tell saying " will you take 300pp for 2?" In my head im doing some sums and realize 156+156=312pp. 312pp>300pp. I then come to the correct answer of "no". Soandso then comes back with "how about 400pp?" This makes me think.312pp<400pp, but considering max JC skill is 250 and the item im selling is over 260, while still small, my chance if random failure is still there. Doesn't seem profitable to risk 156pp per ring just to make 44pp. A couple random fails per stack would really hurt. Therefore, I will stay with 250pp per ring.
If this is unacceptable, then i suggest YOU spend the time and plat to raise your skill. Then YOU can sell rings for 150pp each and teach me a lesson to never mess with you again.

[jarshale]

It's not really shocking people are too lazy to research base costs for trade skill items. People will always try to get a better deal.

[B4EQWASCOOL]

Some people don't know that components have a set cost.

[Pringles]

I sell crap in EC all the time at a loss (or well below market price), because I refuse to spend anymore time in there than I absolutely have to. I despise EC, I'll take /baz anytime.

[Vilkata]

I sell crap in EC all the time at a loss (or well below market price), because I refuse to spend anymore time in there than I absolutely have to. I despise EC, I'll take /baz anytime.

Are you saying you sell items you craft for less than you can buy the materials for?
<3 the bazaar also.

[Swish]

No ethics on the blue server. Over on red we set things straight:-

http://i.imgur.com/KgLqvsZ.png

If you see Bube on blue I expect you'll take him for every last copper :(

[Swish]

PS: that conversation is about 12-18 months old... prices went down since then.

[Deliverator]

I am no economics professor, but I feel I can "learn" some people a lesson in how not to go broke in EQ. Say I spend lots of time and thousands of platinum to raise my JC skill so I can make items to sell. One popular item is the platinum fire wedding ring ( 5 ac 55 hps). Now, a bar of platinum costs almost 101pp to buy. I know of no place to farm these so I buy them. The fire opals are dropped, but it would take a long time to get stacks. So I load up a toon with multiples of 550 gold ( 55 plat ) and buy them in the temple of sol ro. 101 + 55 = 156pp.
Now im in the tunnel auctioning these and soandso sends me a tell saying " will you take 300pp for 2?" In my head im doing some sums and realize 156+156=312pp. 312pp>300pp. I then come to the correct answer of "no". Soandso then comes back with "how about 400pp?" This makes me think.312pp<400pp, but considering max JC skill is 250 and the item im selling is over 260, while still small, my chance if random failure is still there. Doesn't seem profitable to risk 156pp per ring just to make 44pp. A couple random fails per stack would really hurt. Therefore, I will stay with 250pp per ring.
If this is unacceptable, then i suggest YOU spend the time and plat to raise your skill. Then YOU can sell rings for 150pp each and teach me a lesson to never mess with you again.

Well you could just EXPLAIN the situation and notify them that you have set your price based on COST not value. Cost base pricing means cost + markup while value based pricing means estimated value to customer - X% so your customer sees value in purchasing your product. Value based pricing leads to things like 280k manastones and what not. Cost based pricing leads to 250pp rings and 65pp bags.

[Korain]

I've come to realize that no one on this server understands haggling, or how to even attempt it.

[Deliverator]

I've come to realize that no one on this server understands haggling, or how to even attempt it.

The issue isn't that people don't attempt to haggle, it is that a lot of sellers don't negotiate. They set their price and if you don't meet it too bad. Some haggling does happen because there are sellers willing to accept offers. I honestly strongly prefer cost based pricing because it is simple, and advances in production create price reductions across entire industries. This is becoming less and less common these days though.

[indiscriminate_hater]

ITT: OP realizes that people in EC are trying to get a good deal

[mystang89]

I hate haggling. Can't stand it. When I give a price that's the price I expect. I don't set mine high note do I try to screw people over so my process are set. Same goes IRL for me.
Also<3 baz. I miss it :(

[Pringles]

Are you saying you sell items you craft for less than you can buy the materials for?
<3 the bazaar also.

I don't craft (aside from alchemy, I think EQs crafting system is shit TBH). But I would definitely sell a pair of rings for less than I paid for them just to GTFO of EC as quickly as possible, and I know I am not the only one.

In my eyes, crafted items or not, the price is what someone is willing to pay me in a few minutes of me sitting in EC tunnel. Any longer than that, and I'm wasting my time being there.

My sticking around EC for 2 hours to hangle back and forth and sell a pair of rings for 50p more doesnt make any sense, I could use that 2 hours and make 10-20k or more on a drop or two easily.

I dont play this game to platinum quest though, I dont care how much plat I have, it means nothing. I seek plat when I need it, and stop seeking plat when I dont.

[indiscriminate_hater]

I hate haggling. Can't stand it. When I give a price that's the price I expect. I don't set mine high note do I try to screw people over so my process are set. Same goes IRL for me.
Also<3 baz. I miss it :(

noobs. i have several toons running on remote servers with macros spamming 'WTS X' for a price 25% higher or lower than going price, depending on whether i'd like to actually buy or sell that item, so that eqhungry and the wiki are blown up and the market responds accordingly.

the immersion is real - step your game up

http://www.theforexguy.com/wp-content/uploads/2013/04/stressed-stock-trader.jpg

[Danth]

I've come to realize that no one on this server understands haggling, or how to even attempt it.

Or they understand it and utterly loathe it. Chalk me in with the folks who'd happily have the bazaar. It's classic EQ though so I suppose we take the bad with the good.

Vendor costs are only relevant if you're making new items. There are lots of 5/55 rings on the server already and folks frequently sell them for somewhat less than their original production costs.

Danth

[mystang89]

noobs. i have several toons running on remote servers with macros spamming 'WTS X' for a price 25% higher or lower than going price, depending on whether i'd like to actually buy or sell that item, so that eqhungry and the wiki are blown up and the market responds accordingly.

the immersion is real - step your game up

Congrats? Sounds mind-numbing boring but whatever floats your boat Scotty.

I still hate haggling, still set my prices fairly so people don't get ripped off and still don't worry about spending all my time in EC.

[Kushie]

C.R.E.A.M.

[EQNoob]

I've come to realize that no one on this server understands haggling, or how to even attempt it.

You're right. When I set a price I want what is asked. I ignore people that haggle, the only time haggling is appropriate is when people ask for offers or post obo.

[indiscriminate_hater]

You're right. When I set a price I want what is asked. I ignore people that haggle, the only time haggling is appropriate is when people ask for offers or post obo.

meanwhile, in the rest of world...

[Swish]

Sitting in the tunnel playing online economy simulator is about as boring as it gets.

At best I'd post a thread in the EC forum and wait for the offers to appear in the inbox.

[EQNoob]

meanwhile, in the rest of world...

I spend about an hour tunnel questing. Because when. I leave HS it's 100% profit. I make more plat farming than I do tunnel questing over a few K.

[Wiley]

haggling is fun

http://i.ytimg.com/vi/2w38nO7rjbM/maxresdefault.jpg

[MaksimMazor]

Sitting in the tunnel playing online economy simulator is about as boring as it gets.

At best I'd post a thread in the EC forum and wait for the offers to appear in the inbox.

Have you tried Online Economy Simulator: Greece Edition? It's pretty exciting

[Itap]

I've probably bought a dozen of those rings on this server and have never paid less than 250pp per ring. If they don't like the price, don't sell it to them

[Jimjam]

2nd hand rings shouldn't be resold but should be gifted to young halflings.

[iruinedyourday]

Wts 2 55hp rings. Slightly used. One gem has a small crack at its base. 150p each or 250 for them both.

[Penthouse]

People getting mad about haggling is funny.. almost like they've lived in a bubble world where haggling somehow doesn't happen. Market sets the price - its either worth your time to try and sell or it isnt. <3 Haggling.

[central scrutinizer]

I used to love haggling irl, it was one of my favourite things to do.

But then I spent some time in the emirates in the 80's. And it was forever ruined for me. Nothing can top haggling against people who genuinely believe that you have the power to curse them. I'd go up to a vendor, we'd start negotiating, I'd get near his bottom line, and then tip my sunglasses down so he could see my blue eyes, he'd recoil in horror and meet my new price, every time.

I guess it's like eating too much rich food, now I can't stand haggling at all.

The worst are the people that just say "offer". I would have loved that once upon a time, but now I just focus on wishing that they develop a blood clot.

[Cecily]

I used to love haggling irl, it was one of my favourite things to do.

But then I spent some time in the emirates in the 80's. And it was forever ruined for me. Nothing can top haggling against people who genuinely believe that you have the power to curse them. I'd go up to a vendor, we'd start negotiating, I'd get near his bottom line, and then tip my sunglasses down so he could see my blue eyes, he'd recoil in horror and meet my new price, every time.

I guess it's like eating too much rich food, now I can't stand haggling at all.

Omg haha. Best thing I've read in awhile.

[Pscottdai]

People getting mad about haggling is funny.. almost like they've lived in a bubble world where haggling somehow doesn't happen. Market sets the price - its either worth your time to try and sell or it isnt. <3 Haggling.

Nah, just grew up in a first world country where people do not haggle. I go to the store, see the price and pay it or not. Don't hate haggling but won't do it either.

[Jimjam]

Norrath ain't first world. Halflings out there be suffering!

[Pscottdai]

only 'cause the lil fat bastards won't stop eating!