Seriously WTF is wrong with the economy of this game? For the past three or so days it has been hard as hell to sell ANYTHING to ANYONE even at a drastically reduced price. The ratio I have seen as of the past few days is 90/10. That's 90% people selling and 10% people buying...possibly less people buying. Is it that too many people bought energy so they have no need for materials? They already have the best items and can farm their own materials? It's pretty sad that this game is only a few week old and it's already facing a major problem of a failing game... I noticed last week that I was able to make 100k easy as pie yet yesterday I went broke making and trying to sell "hot" items and materials and now I can't do dungeons untill someone puts up a "WTB" and hope that he picks me out of the 30 people whispering him that they have the item he needs. This is not a rant but more of a concern. I would love to hear your guys' opinions about this problem.
Whats the deal?
So your telling me that when I do this in /1 is telling me that its "patients" that I require?: "~===SELLING===~ 1-2 * items 100 3* items 300 4* items 500 and 5* items 750-1000" for hours and only getting 1 -2 people an hour buying 1-2 items...are you kidding me??? At the low prices Im selling stuff at you would think that people would jump all over it.
Trust me I have A LOT of mats, probably every one of them in the game minus a couple rare ones...I'm sure patients is a virtue...if it applied to this games rising downfall.
Invest in a few choice recipes and try to get desirable UVs. It's more difficult, but that's the reason why it's not a saturated market yet.
Alternately, figure out which materials are the highest in demand and try selling those exclusively. Offer to sell recipes with the items as a package deal, so less experienced players can immediately move from money to crafted whatevers.
You might also play the energy market.
The fact that you are not making money is not an indicator that the market is broken.
No your probably right...I'm selling materials at over 50% off of current market value and they are STILL not selling...it doesn't take a genious to figure it out. You do that in any other game and items sell quick so that they have the chance of gaining profit themeselves.
Genius, not genious. The latter is not even a word.
The "Current market value" is a number made up by players that can be entirely out of sync with reality. If players are not buying either you're advertising them incorrectly or the real current market value is actually lower than what you're advertising. Without a dedicated auction house it's impossible to know for certain. The market value may fluctuate wildly throughout the day, or even by the hour if a high level player just happens to be looking for shards and gears in a hurry.
Players only need materials when they're about to craft something, and given how much investment there is in crafting that's not all that frequent. Remember that this is much different from typical MMOs in that there are no craftable consumables, so the market consists entirely of crafting for gear and then crafting for UVs. It's entirely possible the market is fine, and you've just hit a period when nobody is thinking about buying. It's not proof you're wrong, but another likely possibility you have yet to disprove.
As I said before, the fact that you are not making money does not prove the market is broken. It still leaves the last and extremely likely possibility that you're simply offering the wrong goods at the wrong price. I highly recommend you do not jump so quickly from observation to stated problem, as correlation does not imply causation.
The market is flooded with mats, way more then needed for the gear being crafted. Don't let that stop you. I work in radio advertising and sales so here are a few tips on selling:
1. Work on your sell message. You need to give your customers a REASON to want to buy from you. Give them something nobody else is offering, or communicate the benifiets of buying from you better. Heres an example.
Bad at selling: Selling lots of mats super cheap! pst me!--- zzzzzz.....
Good at Selling: Selling EVERY mat 0-4 stars. Sword Stones for 300! Fine Fabric for 600! MANY more great prices just ask for a deal and I'll have what you need!
Bad at Selling: Selling Salamander mask 30k!
Good at selling: Selling -4 star- Salamander Mask. Has Bonus Dmg to Slimes(Perfect for Jelly King) has fire resist! Great for firestorm citedal and Looks AWSOME!
Now, the reason those messages are good is because they tell the customer why buying that thing from you is good.
For mats, your offering EVERYTHING at low prices. The person that needs something wants it now and with little hassle, if they know your gonna have what they want at a great price right now, then your gonna get more sales. Sure you may not have every mat, but the point is that you need to give people a good reason to buy from you as opposed to the other mat sellers.
For the mask, remember, your not selling the mask. the customer is not buying the mask. They are buying the benefiets that mask brings them, and that is what you must sell them. You also educate your customer, so that people know why that thing your selling is good.
You just turned a player who didn't even know what a salamander mask was into a customer.
Develop good relationships with your customers: Give them what they want when they want it, and you will have repeat business. I cant even count the number of times I sold an Iron gear to someone for very cheap, only to have them pst me 5 seconds or 5 minutes later with another mat request. I tell them to friend me if they wish and I will always have what they need at a good price. 95% of my business is now repeat business.
I can barely keep up with the requests for items and most of myplay time is spent heat grinding right now. (That's about to end)
Hope that helps!
A few things.
First - lots of people spamming away with "Sell everything". That tells me NOTHING. I don't want to buy from you, because I have no idea what your prices are.
Second - spamming away with "Blue shards 150". I'm not going to buy from you, your price is too high. Try 100.
Third - I'm STILL not going to buy from you. I'm not a mat reseller, I don't have a huge wodge of stuff - and I STILL have 50 blue shards all of my very own. The only person wanting to buy yours is someone who is doing a lot of crafting. That person is the one person on the channel posting WTB, and he knows he doesn't have to offer very much.
Fourth - the popular stuff? Wolver sets? You can't sell many, because everyone already has one. And a spare one for their pet wolver. Make your sale messages as funny as you like.
Fifth - Jumping from haven to haven does help. A bit.
Sixth - Though this counters my advice in 3 a bit - selling cheap doesn't help much. It doesn't matter if you are selling things dirt cheap; the problem is usually that there is NO market.
Seventh - I SWEAR that I end up selling wolvers for less than it costs me to make them. I have to stop doing that.
Eight - Selling access to terminals is CONFUSING. Either explain it better in your spam messages, or just sell the recipes.
Nine - Blast bombs sell surprisingly well at 2k.
Ten - I'll GIVE you gel cores. Take them! Please!
Eleven - Wolvers for sale, house trained. 3k. Or I'll skin 'em and make coats or caps for you. Duskers 9k.
Wyneon? More like Whineon.
He wants cheese with that too Shoebox.
A. The Law of Demand
The law of demand states that, if all other factors remain equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up, so does the opportunity cost of buying that good. As a result, people will naturally avoid buying a product that will force them to forgo the consumption of something else they value more. The chart below shows that the curve is a downward slope.
A, B and C are points on the demand curve. Each point on the curve reflects a direct correlation between quantity demanded (Q) and price (P). So, at point A, the quantity demanded will be Q1 and the price will be P1, and so on. The demand relationship curve illustrates the negative relationship between price and quantity demanded. The higher the price of a good the lower the quantity demanded (A), and the lower the price, the more the good will be in demand (C).
B. The Law of Supply
Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied. Producers supply more at a higher price because selling a higher quantity at a higher price increases revenue.
A, B and C are points on the supply curve. Each point on the curve reflects a direct correlation between quantity supplied (Q) and price (P). At point B, the quantity supplied will be Q2 and the price will be P2, and so on. (To learn how economic factors are used in currency trading, read Forex Walkthrough: Economics.)
Time and Supply
Unlike the demand relationship, however, the supply relationship is a factor of time. Time is important to supply because suppliers must, but cannot always, react quickly to a change in demand or price. So it is important to try and determine whether a price change that is caused by demand will be temporary or permanent.
Let's say there's a sudden increase in the demand and price for umbrellas in an unexpected rainy season; suppliers may simply accommodate demand by using their production equipment more intensively. If, however, there is a climate change, and the population will need umbrellas year-round, the change in demand and price will be expected to be long term; suppliers will have to change their equipment and production facilities in order to meet the long-term levels of demand.
C. Supply and Demand Relationship
Now that we know the laws of supply and demand, let's turn to an example to show how supply and demand affect price.
Imagine that a special edition CD of your favorite band is released for $20. Because the record company's previous analysis showed that consumers will not demand CDs at a price higher than $20, only ten CDs were released because the opportunity cost is too high for suppliers to produce more. If, however, the ten CDs are demanded by 20 people, the price will subsequently rise because, according to the demand relationship, as demand increases, so does the price. Consequently, the rise in price should prompt more CDs to be supplied as the supply relationship shows that the higher the price, the higher the quantity supplied.
If, however, there are 30 CDs produced and demand is still at 20, the price will not be pushed up because the supply more than accommodates demand. In fact after the 20 consumers have been satisfied with their CD purchases, the price of the leftover CDs may drop as CD producers attempt to sell the remaining ten CDs. The lower price will then make the CD more available to people who had previously decided that the opportunity cost of buying the CD at $20 was too high.
D. Equilibrium
When supply and demand are equal (i.e. when the supply function and demand function intersect) the economy is said to be at equilibrium. At this point, the allocation of goods is at its most efficient because the amount of goods being supplied is exactly the same as the amount of goods being demanded. Thus, everyone (individuals, firms, or countries) is satisfied with the current economic condition. At the given price, suppliers are selling all the goods that they have produced and consumers are getting all the goods that they are demanding.
As you can see on the chart, equilibrium occurs at the intersection of the demand and supply curve, which indicates no allocative inefficiency. At this point, the price of the goods will be P* and the quantity will be Q*. These figures are referred to as equilibrium price and quantity.
In the real market place equilibrium can only ever be reached in theory, so the prices of goods and services are constantly changing in relation to fluctuations in demand and supply.
E. Disequilibrium
Disequilibrium occurs whenever the price or quantity is not equal to P* or Q*.
1. Excess Supply
If the price is set too high, excess supply will be created within the economy and there will be allocative inefficiency.
At price P1 the quantity of goods that the producers wish to supply is indicated by Q2. At P1, however, the quantity that the consumers want to consume is at Q1, a quantity much less than Q2. Because Q2 is greater than Q1, too much is being produced and too little is being consumed. The suppliers are trying to produce more goods, which they hope to sell to increase profits, but those consuming the goods will find the product less attractive and purchase less because the price is too high.
2. Excess Demand
Excess demand is created when price is set below the equilibrium price. Because the price is so low, too many consumers want the good while producers are not making enough of it.
In this situation, at price P1, the quantity of goods demanded by consumers at this price is Q2. Conversely, the quantity of goods that producers are willing to produce at this price is Q1. Thus, there are too few goods being produced to satisfy the wants (demand) of the consumers. However, as consumers have to compete with one other to buy the good at this price, the demand will push the price up, making suppliers want to supply more and bringing the price closer to its equilibrium.
F. Shifts vs. Movement
For economics, the “movements” and “shifts” in relation to the supply and demand curves represent very different market phenomena:
1. Movements
A movement refers to a change along a curve. On the demand curve, a movement denotes a change in both price and quantity demanded from one point to another on the curve. The movement implies that the demand relationship remains consistent. Therefore, a movement along the demand curve will occur when the price of the good changes and the quantity demanded changes in accordance to the original demand relationship. In other words, a movement occurs when a change in the quantity demanded is caused only by a change in price, and vice versa.
Like a movement along the demand curve, a movement along the supply curve means that the supply relationship remains consistent. Therefore, a movement along the supply curve will occur when the price of the good changes and the quantity supplied changes in accordance to the original supply relationship. In other words, a movement occurs when a change in quantity supplied is caused only by a change in price, and vice versa.
2. Shifts
A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. For instance, if the price for a bottle of beer was $2 and the quantity of beer demanded increased from Q1 to Q2, then there would be a shift in the demand for beer. Shifts in the demand curve imply that the original demand relationship has changed, meaning that quantity demand is affected by a factor other than price. A shift in the demand relationship would occur if, for instance, beer suddenly became the only type of alcohol available for consumption.
Conversely, if the price for a bottle of beer was $2 and the quantity supplied decreased from Q1 to Q2, then there would be a shift in the supply of beer. Like a shift in the demand curve, a shift in the supply curve implies that the original supply curve has changed, meaning that the quantity supplied is effected by a factor other than price. A shift in the supply curve would occur if, for instance, a natural disaster caused a mass shortage of hops; beer manufacturers would be forced to supply less beer for the same price.
Game Theory would also play into this if you can I can teach you about this as well.
I hope this helps you out =)
Except for one problem. There is an infinite supply of energy. Spiral Knights, Perpetual Motion Economics Simulator.
An infinite supply of energy? The type of energy sold on the market is only made available when someone decides to sell it. This energy doesn't come into existence unless someone pays for it to do so. Its only infinite if there was a set minimum price where energy couldn't go below because it would always be being supplied by three rings at said price.
There will always be a rather large number of people buying CE, so it is, in fact, an infinite source.
Patience is a virtue,
especially because there are multiple sellers that
sell that exact same thing, thus decreasing buyers :P