Selling Effectively On the Auction house
:Disclaimer:
Now, this is just my personal opinion (Though I can tell you it's tried and true), if you disagree just give me a heads up. I have no problem explaining or reviewing my stance in light of new information or superior logic.
General Don'ts:
1. Throwing a ton of one thing on the AH (Swipps items excluded):
This is the absolute worst thing you can do. It reinforces the perception that your item is common placed, and yes, even if there are 80 million already up for sale, it will. Because we don't look at how many are up total we look at that first page of the lowest priced and make our decisions based on that.
From A Buyer's perceptive: It is human nature to want the best deal we can get. The second there is more than 1 available for that price we're debating whether it's a good deal or not. Once there's more than 2 or 3, we're looking for something cheaper because YOU have become the base price. You become the last resort because there's so many are available. The more you see up for that price the less demand you feel there is for it because, 'Hey, if that were such a great deal they would have sold already' Right?
From a Seller's perceptive: The longer that listing is up the more of a chance of getting undercut there is and the more people who undercut you the less you're item is worth and no one likes or wants that (Except the buyers of course X3). Not to mention that it only takes 1 listing to undercut your several listings, making that a lot of wasted effort.[/quote]
2. Undercutting Slow selling/Expensive items by more than 10%:
Now this one is debatable; it depends on how closely you watch the listings for your item. If you're just throwing it up in the AH and you're not going to look at it again until it sells or time lapses it's not a good idea to undercut the lowest buy more than 10% because if it doesn't sell, if you are undercut, it becomes one of many weights pulling the price down, yours particularly more weighty than the others. And the effect snowballs until either listings are taken down or players purchase them.
More added as I think of them~
General suggestions:
1.If it's not a dragon or a unique item like a UM accent, don't list it for more than a day.
Reason? Because, like stated above; If you're not going to look at it again until it sells or time lapses and it doesn't sell, if you are undercut, it becomes one more weight pulling the price down and the effect snowballs until either the listings are taken down or players purchase them. Otherwise, the worst that happens is you have to list it again. If there are some circumstances that prevent you from being able to do this, I Suggest #2.
2. Only undercut the cheapest listing by 10% or less.
(Reason stated above in #2 Don'ts)
3.If you really feel the need to undercut by a more significant amount, WATCH YOUR LISTING.
You do not want to start that trend. If you're undercut (especially on expensive items) I suggest taking your listing down and waiting for the under cutter's to sell. It may seem counter intuitive but by doing this you widen the price gap, making it look like a more desirable deal and increase the chances that the listing will sell and you can relist yours for the desired price.
More added as I think of them~
:Disclaimer:
Quote:
DO NOT PUBLICLY LINK USERS HERE and DO NOT BE NASTY TO THE USERS YOU LINK HERE.
I didn't make this so you could snidely tell people off and I did not make this so you could try to publicly humiliate them. This is for reference purposes ONLY.
On the opposite side; Please keep in mind, you are the only one who stands to gain from linking you here so if I or someone else links you here, please don't be offended and please don't attack us. If you don't agree or you don't care about the economy that's fine. You have a right to your opinion. But that doesn't mean you get to verbally abuse someone who is just trying to help. We're not trying to tell you that your technique is 'wrong' and mine is 'right'. It's just offering another perspective, one that has served me well thus far.
I didn't make this so you could snidely tell people off and I did not make this so you could try to publicly humiliate them. This is for reference purposes ONLY.
On the opposite side; Please keep in mind, you are the only one who stands to gain from linking you here so if I or someone else links you here, please don't be offended and please don't attack us. If you don't agree or you don't care about the economy that's fine. You have a right to your opinion. But that doesn't mean you get to verbally abuse someone who is just trying to help. We're not trying to tell you that your technique is 'wrong' and mine is 'right'. It's just offering another perspective, one that has served me well thus far.
Now, this is just my personal opinion (Though I can tell you it's tried and true), if you disagree just give me a heads up. I have no problem explaining or reviewing my stance in light of new information or superior logic.
General Don'ts:
1. Throwing a ton of one thing on the AH (Swipps items excluded):
This is the absolute worst thing you can do. It reinforces the perception that your item is common placed, and yes, even if there are 80 million already up for sale, it will. Because we don't look at how many are up total we look at that first page of the lowest priced and make our decisions based on that.
From A Buyer's perceptive: It is human nature to want the best deal we can get. The second there is more than 1 available for that price we're debating whether it's a good deal or not. Once there's more than 2 or 3, we're looking for something cheaper because YOU have become the base price. You become the last resort because there's so many are available. The more you see up for that price the less demand you feel there is for it because, 'Hey, if that were such a great deal they would have sold already' Right?
From a Seller's perceptive: The longer that listing is up the more of a chance of getting undercut there is and the more people who undercut you the less you're item is worth and no one likes or wants that (Except the buyers of course X3). Not to mention that it only takes 1 listing to undercut your several listings, making that a lot of wasted effort.[/quote]
2. Undercutting Slow selling/Expensive items by more than 10%:
Now this one is debatable; it depends on how closely you watch the listings for your item. If you're just throwing it up in the AH and you're not going to look at it again until it sells or time lapses it's not a good idea to undercut the lowest buy more than 10% because if it doesn't sell, if you are undercut, it becomes one of many weights pulling the price down, yours particularly more weighty than the others. And the effect snowballs until either listings are taken down or players purchase them.
More added as I think of them~
General suggestions:
1.If it's not a dragon or a unique item like a UM accent, don't list it for more than a day.
Reason? Because, like stated above; If you're not going to look at it again until it sells or time lapses and it doesn't sell, if you are undercut, it becomes one more weight pulling the price down and the effect snowballs until either the listings are taken down or players purchase them. Otherwise, the worst that happens is you have to list it again. If there are some circumstances that prevent you from being able to do this, I Suggest #2.
2. Only undercut the cheapest listing by 10% or less.
(Reason stated above in #2 Don'ts)
3.If you really feel the need to undercut by a more significant amount, WATCH YOUR LISTING.
You do not want to start that trend. If you're undercut (especially on expensive items) I suggest taking your listing down and waiting for the under cutter's to sell. It may seem counter intuitive but by doing this you widen the price gap, making it look like a more desirable deal and increase the chances that the listing will sell and you can relist yours for the desired price.
More added as I think of them~
Quote:
That's all for now! Feel free to bump this thread to show support but please keep all questions or negative comments to PMs please. I don't want to get into a public discussion/argument. ^^;
---I consistently sell food! And YES I delete my posts---
