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blankseplocked I just want to sell some LP loot
 
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Yxalitis
Posted - 2011.03.01 21:51:00 - [1]
 

OK, I am NOT a trader, this entire sub-forum might as well be talking about another game, for all I know about markets, trading, finance etc.
But I do need to sell my LP loot, I thought I did the right thing, I checked the sell and but offers for all the diff faction ammo, of all sizes, and picked a few based on volume and profit. I chose some low-profit but high volume sellers, and some high-profit low sellers.
I could shift 20,000 rounds at 3,000 isk/LP, and 100,000 rounds at 1,800 isk/LP, for example.
I spread my sell orders across 6 different types of ammo, in small, medium, and large, and chose sell points that were significantly cheaper (100/round or so, ie if they lowest sell was 1400, I placed mine at 1300).
I sat back and waited for the isk train to arrive!
It got derailed.
I sold maybe 10,00 rounds of my 250,000 i was selling
In some cases I was .01 isked by a few orders, and in some cases there were so many sell orders .01 isk below mine, that I couldn't even see my sell order on the first page!
And this was within 8 hours!
OK, so I admit, i probably stuffed up, but HOW do you sell stuff efficiently on the market.

I refuse to fill buy orders, as they are far too low, so I MUST place sell orders.
I place sell orders that are competitive, and several hundred thousand rounds are dumped into the market within 12 hours to undercut me, meaning my sell orders remain ignored.

Soo, what to do, I guess I have to sit in Jita, and slowly trickle the ammo onto the market, only placing more sell orders when the existing ones are completed.
BUT, that's another guess, and before I do that, I'd thought I'd pop in here and ask for some advice.

Thanks!

JitaPriceChecker2
Posted - 2011.03.01 22:00:00 - [2]
 

If such a trend would last forever price would reach 0isk eventually.

Now go figure it out.


Va'sch Zebeski
Night's Dawn Investment Fund
Posted - 2011.03.01 22:06:00 - [3]
 

Originally by: JitaPriceChecker2
If such a trend would last forever price would reach 0isk eventually.

Now go figure it out.




Interesting that this is the total knowledge of an MD lurker.

Does this mean that all MDers are all hot air and no puff?

Wyke Mossari
Gallente
Posted - 2011.03.01 22:08:00 - [4]
 


1) Wait, if your price was reasonable, the stock will sell during the cyclic rise and fall of prices.

2) In the future don't sell your stock at Jita, sell it at your or other mission hubs.

AkJon Ferguson
JC Ferguson and Son Ltd
Ferguson Alliance
Posted - 2011.03.01 22:11:00 - [5]
 

I don't often run missions but what I'd do (if I couldn't be arsed to .01) is determine a higher than average rate of ISK/LP that I'm willing to accept, place a 90-day sell order at that price, and then forget about it for a couple of months.

egola
Amarr
Posted - 2011.03.01 22:42:00 - [6]
 

i only got one response to this:BULK TRADE MAILING LIST......enjoy!

Yxalitis
Posted - 2011.03.01 23:22:00 - [7]
 

Originally by: Wyke Mossari

1) Wait, if your price was reasonable, the stock will sell during the cyclic rise and fall of prices.

2) In the future don't sell your stock at Jita, sell it at your or other mission hubs.


1. I will, but in one case, there were several million rounds placed to sell, all undercutting my ammo by <10 isk
2. Actually, faction ammo sells quite high at Jita, as most sellers go there to sell, I can buy it cheaper in the mission hubs...go figure!

Edwin Rothbard
Interstellar Arbitrage
Posted - 2011.03.01 23:35:00 - [8]
 

Originally by: JitaPriceChecker2
If such a trend would last forever price would reach 0isk eventually.


^^ this

Interestingly I hear many people say similar things about the housing prices in the US. They assert that unless the government buys 90% of all the mortgages and the fed continues to buy government debt that housing prices will continue to go down forever. Amazing how few people think about things beyond step 1.

Yxalitis
Posted - 2011.03.01 23:52:00 - [9]
 

Originally by: Edwin Rothbard
Originally by: JitaPriceChecker2
If such a trend would last forever price would reach 0isk eventually.


^^ this

Interestingly I hear many people say similar things about the housing prices in the US. They assert that unless the government buys 90% of all the mortgages and the fed continues to buy government debt that housing prices will continue to go down forever. Amazing how few people think about things beyond step 1.

Um, there are places in the United Kingdom where you can buy a house for 1 pound.
Prices can and DO crash below cost, below all reasonable expectation.
they can certainly crash below the value of the current mortgage, whihc is precisley WHY we had the GFC a few years back....

And, this is a game, no-ones' livelihood is at stake here, and people will come to Jita with some faction ammo they bought with their LP, and sell at a cheap buy offer, and still think Yippee!
Other will sell loot they grabbed from some mission wrecks, and sell for less than the material costs, I understand this ins't the mainstream, and the price will stabilise, but to say it won't happen, and doesn't effect prices is not true, i jsuyt have to learn to stick to mky price, and be patient.

Tutskii
Posted - 2011.03.02 00:08:00 - [10]
 

Originally by: Yxalitis

Um, there are places in the United Kingdom where you can buy a house for 1 pound.



I'll take 20!

The thing is that the trend may not continue forever but it may continue for longer than you are willing to wait for it to go up. Or it may stabilize at a low cost.

If you want it to go up.. well buy all of it and list it higher.. of course there is risk to that.

Also figure out whats the minimum you are willing to take, and take it. Yesterdays price is irrelevant if you can't get it anymore

Also there is a tab with information, trends, etc. Use it.

Edwin Rothbard
Interstellar Arbitrage
Posted - 2011.03.02 00:09:00 - [11]
 

Originally by: Yxalitis
says some things


Rolling Eyes

Carry on then.

Lederstrumpf
Posted - 2011.03.02 00:24:00 - [12]
 

Edited by: Lederstrumpf on 10/04/2011 02:24:34
-

Rewak
Posted - 2011.03.02 01:15:00 - [13]
 

Edited by: Rewak on 02/03/2011 01:22:47
Edited by: Rewak on 02/03/2011 01:16:25
1st The 1 pound houses. they are not actually worth 1 pound, we have a similar thing here with 1 dollar houses.
What this is is regional towns with falling population basicly they give away the house to get more people, hence a better economy and more money going around.

Also these houses are in very poor condition and you normally have an agreement the you will need to get these hoses up to code, and as they are generally out tin the middle of nowhere it can be very expensive to get contractors and builder out to that location.

Now to move Items fast is simple, under cut by a large margin! You said you don't want to trade and research the market fine simply undercut by a larger margin, especially in jita there are traders watching all the time if they have an interest in the ammo market they will see your sell order fast driving their price right down now as they have some capital in this market having the price drop will cost them alot of money so what will happen is they will buy out your stock fast so it wont effect their other sales.

Now using this method you wont make as much money if you played there game but you need to decide what you want to do if you want to research the market and watch the sale you will make more money off the sale, if you think you would make more money selling the items for less and doing a few extra missions then do that. one thing you have to realise is opportunity cost it is the key to making alot of money vs a little bit of money.
Your a mission runner I assume u are good at it you have the skills, knowledge and ships to do it well. you are not a trader, your trading skills are low and you have little knowledge of the markets. you need to ask your self is this worth it.
I could research the market identify the good trading items in good areas haul the ammo there and sell it for 100,000,000.

In the same time i could dump the ammo cheaply for 75,000,000 and run 3 mission for 50,000,000 isk.

in this case it is a better idea to just dump the ammo and do the mission.

Yxalitis
Posted - 2011.03.02 01:46:00 - [14]
 

Originally by: Rewak
Edited by: Rewak on 02/03/2011 01:22:47
Edited by: Rewak on 02/03/2011 01:16:25
1st The 1 pound houses. they are not actually worth 1 pound, we have a similar thing here with 1 dollar houses.
What this is is regional towns with falling population basicly they give away the house to get more people, hence a better economy and more money going around.

Also these houses are in very poor condition and you normally have an agreement the you will need to get these hoses up to code, and as they are generally out tin the middle of nowhere it can be very expensive to get contractors and builder out to that location.

Now to move Items fast is simple, under cut by a large margin! You said you don't want to trade and research the market fine simply undercut by a larger margin, especially in jita there are traders watching all the time if they have an interest in the ammo market they will see your sell order fast driving their price right down now as they have some capital in this market having the price drop will cost them alot of money so what will happen is they will buy out your stock fast so it wont effect their other sales.

Now using this method you wont make as much money if you played there game but you need to decide what you want to do if you want to research the market and watch the sale you will make more money off the sale, if you think you would make more money selling the items for less and doing a few extra missions then do that. one thing you have to realise is opportunity cost it is the key to making alot of money vs a little bit of money.
Your a mission runner I assume u are good at it you have the skills, knowledge and ships to do it well. you are not a trader, your trading skills are low and you have little knowledge of the markets. you need to ask your self is this worth it.
I could research the market identify the good trading items in good areas haul the ammo there and sell it for 100,000,000.

In the same time i could dump the ammo cheaply for 75,000,000 and run 3 mission for 50,000,000 isk.

in this case it is a better idea to just dump the ammo and do the mission.


That, good sir, is EXCELLENT advice!

My hat off to you!

Thanks!!

I'll dump this ammo, and go kill some more NPC clowns

Rasz Lin
Caldari
Uitraan Diversified Holdings Incorporated
Posted - 2011.03.02 02:33:00 - [15]
 

You are a mission runner, do you use faction ammo? thats why its cheaper in mission hubs.

Zeta Zhul
Caldari
Preemptive Paranoia
Posted - 2011.03.02 07:18:00 - [16]
 

Originally by: Yxalitis
OK, I am NOT a trader, this entire sub-forum might as well be talking about another game, for all I know about markets, trading, finance etc. ....


What I would do is buy 1 round of ammo from the various market items you're trying to sell and find out who these people are. Once you've got their name convo or evemail them and perhaps come to an agreement.

He/They/it contract with you for your LP.

That way it isn't a guessing game. You've got LP to use, they need inventory to sell. You could be a competitor but instead you're now a source of supply. Since you offer flexibility in what they can acquire from you from the LP store that adds to the benefits. You can get more than the buy order prices, they get a solid amount of inventory to sell. They are into trading, you aren't.

*shrug* it's what I'd do.

Cyniac
Gallente
Twilight Star Rangers
Posted - 2011.03.02 09:51:00 - [17]
 

To the OP - Welcome to non-combat related PVP.

The best way is to work with the competition, not against it, as has already been suggested.

Caldari Citizen20090217
Posted - 2011.03.02 14:53:00 - [18]
 

Edited by: Caldari Citizen20090217 on 02/03/2011 14:56:12
To the OP: I feel your pain. Shifting large amounts for LP without accepting laughable isk/lp conversion is a nightmare if (like me) you run for a popular faction. Sell orders are your friend, as is splitting your lp into smaller amounts of lots of stuff, so at least some will sell. You will have to accept delay tho, waiting for your stuff to sell at a reasonable price.

Originally by: Cyniac
To the OP - Welcome to non-combat related PVP.

The best way is to work with the competition, not against it, as has already been suggested.

Ok I have 5 million(!) LP with Caldari. Anyone want to offer me 1000isk per lp? Can keep you supplied with Caldari LP items for some time...

egola
Amarr
Posted - 2011.03.02 15:21:00 - [19]
 

Edited by: egola on 03/03/2011 22:59:34
once again, i'll repeat myself, use a mailing list to sell towards bulk traders for a MUCH bigger/quicker turnover. feel free not to take my advice but if you want quick turnovers then thats the best choice unless you wanna keep being .01isked


 

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