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PostPosted: Wed Jun 26, 2019 12:51 pm 
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Yeah - I think I've said before, but the only people that actually believe there is only "one" available because that's all that we had in a bazaar are absolutely retarded, lol.

I sorta understand believing that's true. It's fair to say that if you're the only people doing content, that you can control the price because there aren't available that you're not selling....... but the idea that only listing one in a bazaar actually has an impact is pretty bogus. The former part is true, you can price fix a bit easier if you only let one person control the sales of all of an item.

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PostPosted: Wed Jun 26, 2019 5:24 pm 
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Maseki wrote:
I find it semi amusing that your logic was to produce a feeling of lack of items in the market. I'm sure most of the server knew you guys were sitting on like 8 sorcerer's rings that weren't selling. But that's beside the point I suppose.

It's the difference between knowing De Beers had a ton of diamonds held back in reserve vs. all of those diamonds being held in reserve suddenly appearing on shelves in retail stores. And literally on shelves and not behind display cases because there would be too goddamn many of them to fit any other way. Everyone paying attention knew De Beers was only putting up a tiny percentage of their stock for sale, but people still bought diamonds at the De Beers controlled prices, because they still kept control of the supply for sale at any given time.

And, for what it's worth, there was never ever a point where we sat on ~8 items and would not adjust the price if items weren't selling. If we've only got 2-3 and no one has any that are selling we might be slow to reduce the price, but when we have a large stock? Members want to get paid out too. See previous comments about the person running sales needing to know when to drop prices, etc.

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Last edited by cthalupa on Wed Jun 26, 2019 5:28 pm, edited 1 time in total.

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PostPosted: Wed Jun 26, 2019 5:28 pm 
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Wolffhardt wrote:
Yeah - I think I've said before, but the only people that actually believe there is only "one" available because that's all that we had in a bazaar are absolutely retarded, lol.

I sorta understand believing that's true. It's fair to say that if you're the only people doing content, that you can control the price because there aren't available that you're not selling....... but the idea that only listing one in a bazaar actually has an impact is pretty bogus. The former part is true, you can price fix a bit easier if you only let one person control the sales of all of an item.

It definitely isn't. There's plenty of market research done on this - for any sort of luxury item you want to reduce the amount of visible stock to a minimum. You need enough to advertise it's presence, but not enough to reduce the feeling of it being at least somewhat rare and exclusive. Everyone knows you can buy an iPhone wherever you want in June, but there's a reason Apple doesn't display even a portion of their for-sale inventory in public view in their stores, and doesn't allow authorized retailers to display their stock either.

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PostPosted: Wed Jun 26, 2019 5:31 pm 
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cthalupa wrote:
Wolffhardt wrote:
Yeah - I think I've said before, but the only people that actually believe there is only "one" available because that's all that we had in a bazaar are absolutely retarded, lol.

I sorta understand believing that's true. It's fair to say that if you're the only people doing content, that you can control the price because there aren't available that you're not selling....... but the idea that only listing one in a bazaar actually has an impact is pretty bogus. The former part is true, you can price fix a bit easier if you only let one person control the sales of all of an item.

It definitely isn't. There's plenty of market research done on this - for any sort of luxury item you want to reduce the amount of visible stock to a minimum. You need enough to advertise it's presence, but not enough to reduce the feeling of it being at least somewhat rare and exclusive. Everyone knows you can buy an iPhone wherever you want in June, but there's a reason Apple doesn't display even a portion of their for-sale inventory in public view in their stores, and doesn't allow authorized retailers to display their stock either.



tfw someone compares FFXI to real life.

That apple store won't charge me more for the last pair of AirPods that they have in stock either.

I guess there are literally people that dumb that play this game... that Zwei guy from the forums comes to mind. But in general? No, anyone that knows how OWNMs work believe that you only have 1 smilo leather in stock because that's the only one in your bazaar. They know that we had 10 more waiting to sell.

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Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


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PostPosted: Wed Jun 26, 2019 5:37 pm 
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Wolffhardt wrote:
cthalupa wrote:
Wolffhardt wrote:
Yeah - I think I've said before, but the only people that actually believe there is only "one" available because that's all that we had in a bazaar are absolutely retarded, lol.

I sorta understand believing that's true. It's fair to say that if you're the only people doing content, that you can control the price because there aren't available that you're not selling....... but the idea that only listing one in a bazaar actually has an impact is pretty bogus. The former part is true, you can price fix a bit easier if you only let one person control the sales of all of an item.

It definitely isn't. There's plenty of market research done on this - for any sort of luxury item you want to reduce the amount of visible stock to a minimum. You need enough to advertise it's presence, but not enough to reduce the feeling of it being at least somewhat rare and exclusive. Everyone knows you can buy an iPhone wherever you want in June, but there's a reason Apple doesn't display even a portion of their for-sale inventory in public view in their stores, and doesn't allow authorized retailers to display their stock either.



tfw someone compares FFXI to real life

human psychology ain't that different from one to the other

You think all those people are buying white boxes and rare drops just so get more stats? No element of wanting to flaunt it?

Most crafters know not to put 100% of their high end HQs and other shit up for sale all at the same time. You don't think if every single Chatoyant staff the woodcrafters have or could make out of their other HQ staves were up in a bazaar it would drive the price down?

Quote:
That apple store won't charge me more for the last pair of AirPods that they have in stock either.

I guess there are literally people that dumb that play this game... that Zwei guy from the forums comes to mind. But in general? No, anyone that knows how OWNMs work believe that you only have 1 smilo leather in stock because that's the only one in your bazaar. They know that we had 10 more waiting to sell.

Since you added more :)

Apple already has monopoly pricing built in to the cost. They keep a strict control of the supply of all products, limit what other retailers can do when selling their products, etc. Apple has done so well they don't need to have the lower AirPod prices to begin with. Which is impressive considering how big of a powerhouse Android has become.

The fact of the matter is humans, even smart ones, have a lot of basic psychological impulses that really are no different in how we perceive stuff in-game vs real life. Seeing a lot of items available at a high price is different than single a small number at a high price and knowing in theory that there are more behind it.

It's also not even true that there are more behind it - even when we were getting all 3 torque OWNMs multiple times a day every day we frequently would not have more than one wind torque for sale. The sorc ring spree that keeps getting referenced here happened after a drought where there were basically none we had for sale for months.

Sometimes we have a lot of stuff to sell beyond what's in the bazaar. Sometimes it's the last item. If your assumption is RFK does OWNMs a lot so we always have a ton of every OWNM item, you're going to be plenty wrong a lot of the time. So sometimes that sorc ring is the only sorc ring. Sometimes it isn't. But even when it isn't, there's lots of reason to not have the others up for sale.

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Last edited by cthalupa on Wed Jun 26, 2019 5:44 pm, edited 1 time in total.

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PostPosted: Wed Jun 26, 2019 5:41 pm 
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human psychology aint that different.... market economics are though. Items value aren't determined and set by companies, no matter what supply and demand is, in FFXI.

I have no idea... if I see someone with 1 chat staff or a dozen, I still believe the value is mostly a math equation about the cost of mats for an NQ and the % chance of an HQ? If I see someone with 1 chat staff, and a few of each of all the other HQ staves... I realize that's he an earth crystal away from another chat staff.

Stupid people exist, so I believe that there are people that would be influenced by such a thing, I guess, but I don't believe it's really relevant to compare it to RL market research with thousands of more variables than the game has.


I'd be interested to see Stevesy's focus group feedback on pricing for his items, for example.

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Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


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PostPosted: Wed Jun 26, 2019 5:46 pm 
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I edited in some more of a response since you added to your post, but it did remind me that the idea that we've always got 8 more sorc rings or whatever very frequently isn't true. So the premise there is somewhat false to begin with. Smilo leather is probably the one exception there, lol, and there's a reason it's a free lot item these days.

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PostPosted: Wed Jun 26, 2019 5:49 pm 
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I mean.. I can see the spreadsheet. We can skip the "there aren't more behind it". I'm obviously referring to the times where there are, which is almost always. During the height of RFK spamming OWNMs, very few things ever sold out. Now? That's probably more true, there's just other groups also selling those items now.

Wind torque is probably the only thing I can think of that ever came close to not being available that is also fairly high demand.

We had 10 sorc rings from Jan 25 - Feb 20. That's I'm assuming the spree people talk about.. I've never brought that specific scenario up though, cause I don't think it really matters. If you see the same group spamming content twice a day for 6 months, I generally just assume there's plenty of everything... and let that prove to be true most of the time, and deal with the times it isn't.

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Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


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PostPosted: Wed Jun 26, 2019 6:00 pm 
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Wolffhardt wrote:
I mean.. I can see the spreadsheet. We can skip the "there aren't more behind it". I'm obviously referring to the times where there are, which is almost always. During the height of RFK spamming OWNMs, very few things ever sold out. Now? That's probably more true, there's just other groups also selling those items now.

Wind torque is probably the only thing I can think of that ever came close to not being available that is also fairly high demand.


You obviously don't pay too much attention to the spreadsheet, since you had money waiting to be picked up for forever ;)

Wind Torque is an item that has basically always been out of or close to out of stock, but even back then we frequently would have at least one of the other big three torques in similar situations. Sometimes all of them. The glut of sorc rings happened after a long drought - but even when we had all the sorc rings we frequently didn't have minstrel.

For the majority of items I would say having a big backlog is the exception and not the rule. We purposefully try not to have a big backlog, because it's a pain in the ass to manage - which is why when we had all the sorc rings, the LS discount was bumped up to 40%.

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PostPosted: Wed Jun 26, 2019 6:05 pm 
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cthalupa wrote:
Wolffhardt wrote:
I mean.. I can see the spreadsheet. We can skip the "there aren't more behind it". I'm obviously referring to the times where there are, which is almost always. During the height of RFK spamming OWNMs, very few things ever sold out. Now? That's probably more true, there's just other groups also selling those items now.

Wind torque is probably the only thing I can think of that ever came close to not being available that is also fairly high demand.


You obviously don't pay too much attention to the spreadsheet, since you had money waiting to be picked up for forever ;)

Wind Torque is an item that has basically always been out of or close to out of stock, but even back then we frequently would have at least one of the other big three torques in similar situations. Sometimes all of them. The glut of sorc rings happened after a long drought - but even when we had all the sorc rings we frequently didn't have minstrel.

For the majority of items I would say having a big backlog is the exception and not the rule. We purposefully try not to have a big backlog, because it's a pain in the ass to manage - which is why when we had all the sorc rings, the LS discount was bumped up to 40%.



I certainly do not, like I said... I had one big item that I was on, from before I stopped doing OWNMs as it seemed like a conflict of interests after we started Imperium. It didn't sell for months, so I stopped checking. Oh well.

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Kazen wrote:
...TopShelf told Nas to roll back all your ZNM gear, do the gilpocalypse and nerf Fishing/RNG into the ground.


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