4:18 pm, October 1, 2013
181
Pricing for Dummies - tips and advise for using the Black Lion Trading Company
First of all, at the risk of sounding like an idiot, players probably knew this, plus I am not the most efficient /effective seller in the trading house, but, it irks me to see what is happening there, so i thought if you have good tips and advise you should share it. Second of all, i hope this does not make the trading house into a place where you can't buy anything from cos everything is too pricey. I also hope to learn the way to riches from other players as well. so, here goes my humble tip.
when you want to sell an item, try different pricing before confirming the sale, read what you are being tax for your asking price and what are your projected profit.
for instant, an item worth 10 coppers to the merchant, when you sell at 10 coppers in the trading house, you will be charge a 1 copper tax. leaving you with 9 coppers (approximation). If you think an item is worth selling in the trading house, at lease try a higher price tag than selling it to the merchant. You also do not want to over-priced an "ordinary" item since no one is going to buy it over price, so i think the tax amount is some sort of a guide line as to how much one should sell in the trading house.
in my experience , as an example, for lowbie items, that is below 20 coppers one should always sell at 29 coppers max.
Why? you ask, because that is the highest sale price one can place for a 1 copper tax. so instead of paying 1 copper tax for 9 coppers gain why not make 27 coppers instead?
There is a scale to how much tax is impose, i haven't time to chart them, so one should always read what are being tax before confirming the sale, also look at the price if you sell it to the merchant as a comparison.
Anyway i hope that helped.
edit:
i think this is more helpful. good old wiki.
when you want to sell an item, try different pricing before confirming the sale, read what you are being tax for your asking price and what are your projected profit.
for instant, an item worth 10 coppers to the merchant, when you sell at 10 coppers in the trading house, you will be charge a 1 copper tax. leaving you with 9 coppers (approximation). If you think an item is worth selling in the trading house, at lease try a higher price tag than selling it to the merchant. You also do not want to over-priced an "ordinary" item since no one is going to buy it over price, so i think the tax amount is some sort of a guide line as to how much one should sell in the trading house.
in my experience , as an example, for lowbie items, that is below 20 coppers one should always sell at 29 coppers max.
Why? you ask, because that is the highest sale price one can place for a 1 copper tax. so instead of paying 1 copper tax for 9 coppers gain why not make 27 coppers instead?
There is a scale to how much tax is impose, i haven't time to chart them, so one should always read what are being tax before confirming the sale, also look at the price if you sell it to the merchant as a comparison.
Anyway i hope that helped.
edit:
i think this is more helpful. good old wiki.