Quote:
Originally Posted by tekniq
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I disagree. Someone offered me 50K for a fungi and got mad that I didn't reply. I'm pretty sure he knows the going price of the fungi, so I don't reply back to egregious offers...he should know better. If I feel so offended, sometimes I'll just respond with an LOL.
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You'd fail at customer relations. Great business men can talk through any situation. Ignoring someone or being rude in return means either you aren't good at what you do, or you have nothing of interest to offer.
Quote:
Originally Posted by August
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To this I say - I have been selling the JC items at the exact same price point for several years. If you are paying 275pp, 300pp, it is because you are not aware of the market. Consumers keep the market in check.
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Ignorant consumers is a massive problem in the marketplace both in-game and real world. And can you blame them? With the advent of the internet, the ease of access to find yourself buying fake, second hand or cheap products, is unavoidable.
Now add in that the game world is virtual and money is not as valued as in the real world, you have a market place of different perceptions. A lot of what you think applies in a real economy, does not have the same effect in the game world.
Point in case is your comment about how consumers keep the market in check. Have you seen the prices people pay for items that were 1/3 higher than the 'real' value? This is because they are impatient, ignorant, or can throw money away, which they wouldn't normally do.
Sellers are always going to ask extortionate prices for things, but it's the dumb buyers who set the ultimate value.
Consider the Fungi Tunic. After the King nerf, the price went up another 1/3 of it's value, from roughly 60k to 100k. Sellers do this because they consider the item more difficult to acquire. Buyers go along with this because they think it's only logical. Here's what each side fails to realize :
A) The original tunics were acquired under more favorable conditions (invis pulling). This is akin to having a gentle winter when farming. You had favorable conditions and thus reaped a good harvest. As a seller/farmer, that's a case of 'you win some, you lose some.' This should have no bearing on the market, that's expecting a long standing traditional price.
B) Sellers and buyers fall victim to this idea that the item suddenly carries more value because it's more difficult to obtain, despite it being the same item and having the same effect when using it.
C) The aspect of supply and demand is falsified here because
1. There are /were already tunics in circulation from before the nerf, this is known as aged stock. In the real world, you make every effort to shift aged stock off your shelves first and foremost to avoid risk of cost variance in the future. In the game world, not all items were bought for the purpose of reselling. Thus they have no 'owned' value and the concept of aged stock is lost on people.
2. Just because something is more difficult to obtain, does not mean it's difficult to the point where the average stock levels on the server will see a significant change - and as for this item in particular, it hasn't. EC sales have just as many Fungis now as they did before the patch.
Despite this, the price continues to be more than the item is actually worth and it's the sellers whom have dictated this, to buyers who believe it and support it by spending the asking price.
In this thread we've had people whom are in possession of aged stock, whom possibly didn't even loot it themselves (bought it cheap or got gift from friend). These same sellers will 'lol' or ignore someone requesting 50-60k for a Fungi.
Why should they now be in position to gain almost twice the item value and 100% profit for something they didn't even do? Law of averages? Luck of the draw?
Maybe, but that works both ways - stop being ignorant consumers.