Market Bargains

Just bought 10 doves and 10 raccoons for 300 CCs respectively.

broke, we have same images and visions how to make listing in our each market. Supply and demand are the key, but listing at the right time - right quantity - right manner is the most important. Plays perfect is my main goal, somewhat knowing your buying powers and the domino effects are other decision factors.

@oldmcdonald
Excuse me, I want to ask you some questions. If you find someone listed 1 cooking pot for 7000 CCs each, what will you do? How about 1 cooking pot for 11000 CCs each? How about 1 party sail for 4500 CCs each? Tell me what would you do and why your reasons to make those decisions!

 

Bought 24 rerindeer @ 3800 each. Resold them @ 5500, they were gone in a flash

 

Just got 1000 bananas @ 0.10cc each - very happy monkeys ahoy!

 

I was aware that prices increase when there is an event, as I often sell what is required and make quite a good profit. As for frequent scanning of items... I guess I will just have to keep looking more often then and hope I find something soon!

Well if the listings for the cooking pots were consecutive then of course I would buy the cheaper one - who wouldn't ?

 

SillyGuy I do understand your question was directed at oldmcdonald but if I may provide what my answer would be, I will either learn or perhaps help.

I would buy both offers for cooking pots as well as the party sail.
Cooking pots are listed at 14,000 and party sails 5600.00 on my market.
I could resell all for an immediate profit. I would relist the cooking pots for sale at 12,000 as there has been a call for cooking pots already, I just want them gone and take the profit. My stocks are good & my thought would be that the 12K would be a low enough offer for another player to pick up or buy my offer. I could even lower that sale price even more and still make a profit if I wanted to be more surer it would sell.
The party sail I would choose to hold on to since there might be another product call/demand again for it in the future allowing more of a profit to be gained at that time. In the mean time I am increasing my stock of said item.
Some market sellers will drag the listing price way down only to fool new market players into offering their goods at much lower prices, they then buy them all up for resale making a huge profit. With this in mind, and if your not familiar with the usually prices for things on your market, it is a good idea to check the per unit price, when you go to make an offer. Make note of that number & then go recheck the offers. Use that number to gage whether or not that lowest list price is an acceptable listing or a "dummy" listing.

Please note I still do make judgment errors , when it comes to listing things on the market, have had things return back to the barn... it happens... don't let that stop you from trying..HTH
Farmer_Broke will hopefully pick the lessons back up soon, he as well as SillyGuy are much better at explaining things.

Edit- see PnP post below re: commission fee's

 

Since SillyGuy is asking the question, I am certain he will provide the direction he had in mind for the answers to those questions.

My comment is directed to wolfeyesone for the cooking pot scenario.

If you bought the cooking pot at 7000 and then relisted for sale at 12,000 = you would make a profit of 3800
However, if you bought the pot at 11,000 and relisted for sale at 12,000 = you would lose 200
Yes, overall you make a net profit but you should carefully consider whether you want to lose on an individual sale.
In order to make a profit, you will need to consider the 10% listing fee

If you want to know the price that you must use as a minimum to break even you will take the purchase price and divide by .9.

Hope this helps...

 

@ SillyGuy my apologies, I forgot as to which thread I was posting on and somehow mixed it up with the CC thread.


@PnP You are correct, Thank you for catching my error, I totally forgot to factor in the 10 % commission fee.

*Please note my above mentioned post was not meant to be disrespectful in any way.

 

For anyone in a hurry, here's a quick way to determine your break-even/ sell price in your head without having to multiply fractions.....>Quickly determine the approximate amount you want to sell what you have just bought for. EX: If you find a bargain for 2,000 and the next price is 2,800....take 10% of your new sell price (say you want to sell for 2,500. 10%=250) and add to the bought-for price = 2,000 + 250=2250. That is the minimum you have to re-sell for to break even. Anything over that is Profit.
EX: If you want to sell it for 2,750, then 2750=10%=275. 2,000+275=2,275. This is the break-even price. The sell price of 2750 minus 2275=475 profit if you re-sell @2,750.

*All you really need is your break-even amount. Anything over that is profit.*

And no fractions or hesitations when that bargain comes along, just a simple move-a-decimal-point=10%.

 

Sorry for late replies. RL got me very busy and took me away from forum. I asked her because I read her posting from previous page.

Thanks to wolfie, PnP, and Ms.lily kindly enlighten for explanations. Both of you try to provide what the answer should be taking some profits.

Bargain is a bargain!

It is common habits for everyone to purchase item(s) at cheap price and to resell at normal price. Of course, to make the lists we aware about 10% commission fee.

There are 2 methods to say an item was bargain, based on how many percent rate below its exchange value and based on below its market value. They are different but interrelated.

Exchange value is constant/fixed value. You can find the value each item on your barn, under which item category (ie. cooking pot and party sail are under product category).
Market value is dynamic value - sometime its value was periodically going up/down based on supply and demand were sold, what we are looking at the market (we known as "price").

1. For 1 cooking pot at 7000 CCs, you need to pay 10% commission fee. At least you have to resell at 7777.78 CCs to break-even. Anything above that is "profits".
2. If you purchased 1 cooking pot at 11000, you would need to resell it at 12222.23 CCs to break-even. Anything above that is "profits".
3. If you purchased 1 party sail at 4500, you would need to resell it at 5000 CCs to break-even. Anything above that is "profits".

From where does 7777.78, 12222.23, or 5000 come from?
Formula : buying price should be divided by 0.9. (NOTE : if you ONLY listed for 1 piece, the summary results should be added by 0.01).

Now we are going to make lists. FYI, I quoted my post from above.

• Right time = an event/a quest called some items.
• Right quantity = when an event required 10 pieces of an item, people do not like to spend extra money for over 10 pieces needed.
• Right manner = there are newbies in our market, please do not push the price of items too much. We also need them as our permanent buyer, otherwise they quit from the game.
• Buying power = knowledge of market value/price. Market is a place for competition of price, somewhat some traders play to eliminate competitors by playing how-low-can-you-go or sucking-up-power-supplies. (WARNING : this is dangerous ways just for market maniac class, not to suggest for market giraffe/newbie).
• Domino effects = when someone bought too many cooking pots in short time non-stops, there is a significant price will go up on donkeys, donkey feed, oats, dates, valentine's pots, eggnogs, gingerbreads, church bouquets and many more. (also for market maniac class).

 

If you purchased a cooking pot at 11,000, you would need to resell it at 12,222.23 to break-even. Anything above that is profit.
If you purchased a party sail at 4500, you would need to resell it at 5000 to break-even. Anything above that is profit.

Silly Guy- it looks like you copied/pasted the same sentence from your first example.

 

Yes, PnP.
I'm bit lazy to think new sentences. I'll edit to make it easy to understand..

 

Silly- I am sorry that I was not more clear. It is not the wording of the sentence...it is your math that has been copied. All three examples state the least you need to sell is 7777.78.

 

Snatched 2 kowhai for 1500 CC... (750 CC each)

 

Thanks SillyGuy.
It's great to see experienced players actually sharing their knowledge instead of staying silent & hiding it away.

tidbit- moose up to 1300-spider 2600-dog 1300-crow 1500
bought 100 ducks @480
20 list 10 sheep @423
10 list 20 goats @388
10 list 100 turkeys @480
20 list 20 horses @486
20 list of 10 beavers @690
2 kowhai @990

 

Caught 7 more kowhai, each for 1300 CC.

 

8 Lychees
16 coconuts
16 Fig
19 Kiwi
16 Dragon Fruit
16 Guavas
16 Cocoa Beans
priced between $16- $19

 

Illy just bought two lots of 200 Fish for under 600cc each. I call this a bargain as Fish take a long time and this saves me having to "grow" them myself so I can concentrate on shorter maturing animals.

I have to admit that I am tempted by big numbers in the market, hence why I am seriously lacking in funds at the moment. Both farms have about 100,000cc ... and Illy did have in excess of 15 million a few weeks ago! But my ultimate target of having over 1000 animals and 500 products is coming along nicely. I have just a handful of the more common animals to boost up and even the rarer ones aren't lagging too far behind so I am happy with my wild purchasing habit!

Think that Mr Broke has a lot to do with it though!

 

**looks like shortly we will have to induct the newest member into Shopaholics Anonymous"

All kidding aside- congrats on being close to achieving your goals

 

To whoever listed wolves on the market for 1399 CC instead of 13990 CC (next price was 14000 CC): thank you. I'm sorry I took advantage of your super offer but I am not giving back the CCs.

It was only seven of them, but a quick and easy 70.000 CC is still delightful.

 

This is the best bargain...

4 Amherstia for 3,100 CC (Each costs 775 CC)