Auction tips?

[tinidas]

Thanks for all the advice. I actually am doing the resell thing but don't think I'm doing it the bad way Noleafclover describes. Much of my wares are vendor bought (words, griffon wings, minor items) that go for more then the vendor sells but I also will purchase bargains that are offered and resell at a fair price or discount. example someone was selling serpentine bracer for 50p when others auctioned around 100 (even 1 guy asking 250 heh) which I bought and then sold for 75p. I assume original seller was happy with 50, I was happy with 25 profit and last buyer was happy too. I'd guess some folks like to sell below market so they can get back to fighting. I do like to buy under of course but sell fair rather than over.

I hope that falls in the 'good' category [You must be logged in to view images. Log in or Register.]

[oldhead]

Originally Posted by Ashimar [You must be logged in to view images. Log in or Register.]

Linking items in EC tunnel is not classic. It should be removed. Typing in the stats is classic.

Nerd

[oldhead]

Originally Posted by Derpus [You must be logged in to view images. Log in or Register.]

i sell tons of crap on an alt. the biggest part is simply understanding that market, whats selling well, what is not in demand. some items will sell but only to under rare circumstances. the gnomish rebreather is a good example. i only drop prices on items that either i dont have a supply on( i dont make or cant camp the item personally) or im taking out of my general inventory and dont want to look at it any more. i do keep an eye out for exceptionally low prices on strong items, but the market just isn't big enough(total volume) for that to be a large part of the model. i've never sent a tell to a person who doesn't list prices, and often /ignore them if the auction is large. the bread and butter are items that you can camp, quest or make with your own characters. im not gonna discuss the particulars of inventory, but i will give you some general advice, remember this mostly applies to good demand, self supplied stuff sold by someone who isnt desperate for plat.

always list prices, no prices is the second leading killer of sales behind not auctioning.

be firm on pricing, offer discounts on multiple purchases or at certain costs (ie 500+, 1k+)

know the market for your items if nothing else, if you're selling backpacks and someone auctions them for more, figure out if hes a producer or not, if not dont worry.

know when to cut bait, if something sells great for a while the market will be saturated with it, if you are camping the item you will notice the traffic at the camp before the market change anyway. if you are crafting it it can be harder.

if you're low level dont overlook the farming/selling of ingredients/quest related items. laziness is a good sale driver to richer players.

avoid the word "offer", both saying it and dealing with those that do

remember none of this applies as strictly to the top end items (tradable planar, items that no longer drop, event rewards). there is so little movement it these items the seller has more leeway, although not as much some of them seem to think. the market works out prices for these items too, although the spread can be several k.

in all cases the onus is on the seller to begin the price negotiation, if you chose not to list a price upfront, have a starting point ready if someone inquires. a reply of "make offer" in a tell or an auction is a sign that a person is either not negotiating in good faith or is an idiot. avoid both.

Lots of bad advice in this post.