Potential next market


Archantos

 

Posted

Alleged problem: Having to bid on multiple levels to try to get one item.

Suggested service: For a percentage of sale price, I will bid on a level range for a period of time.

Rikti speech pattern: inexplicable.

Let's say you're buying, I dunno, Swan's Ridiculous Heels: Chance for Inappropriate Comment. the IO goes 25-50. Level 50's are 20 million, level 40-49 are 5-10 million but sell much less frequently. So it would take as long to buy one of the 40-49 if you had bids on ALL of them as it would to buy a level 50.

This brings up the paradox that you "can't afford to get it cheaper." That is, you would need to put up nine bids at [say] 10 million each, tying up nine slots and ninety million inf, instead of overpaying by 10 million inf to get it in one slot, rapidly. If all you have is twenty million inf... the man wins and you lose.

If you're level 43 and you want something between 36 and 46, you're extradoomed because you can't even take the level 50 option.

What would you consider a fair rate (or commission) for, say, putting up a bid on an 8-level range for a week [or until filled]?

I'd be offering the use of my capital and slots, which I'm not using anyway.

Does 20% seem fair?


Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.

So you think you're a hero, huh.
@Boltcutter in game.

 

Posted

[ QUOTE ]
Alleged problem: Having to bid on multiple levels to try to get one item.

Suggested service: For a percentage of sale price, I will bid on a level range for a period of time.

Rikti speech pattern: inexplicable.

Let's say you're buying, I dunno, Swan's Ridiculous Heels: Chance for Inappropriate Comment. the IO goes 25-50. Level 50's are 20 million, level 40-49 are 5-10 million but sell much less frequently. So it would take as long to buy one of the 40-49 if you had bids on ALL of them as it would to buy a level 50.

This brings up the paradox that you "can't afford to get it cheaper." That is, you would need to put up nine bids at [say] 10 million each, tying up nine slots and ninety million inf, instead of overpaying by 10 million inf to get it in one slot, rapidly. If all you have is twenty million inf... the man wins and you lose.

If you're level 43 and you want something between 36 and 46, you're extradoomed because you can't even take the level 50 option.

What would you consider a fair rate (or commission) for, say, putting up a bid on an 8-level range for a week [or until filled]?

I'd be offering the use of my capital and slots, which I'm not using anyway.

Does 20% seem fair?

[/ QUOTE ]
Sounds like a great idea. If I were you, I'd charge 50% of the difference between the top level Buy-It-NAO and the actual purchase price. Of course, the B-I-N price would have to be determined in advance.


 

Posted

I've posted this idea several times before, but my suggestion for it was no premium, but a limit of 1 of this type of bid per toon to avoid flippers completely cornering several markets at the same time.

Edit - to clarify - I suggested this should actually be coded into the game, offering it as a service would be cool.


It's true. This game is NOT rocket surgery. - BillZBubba

 

Posted

Since there has to be contact ahead of time, you can just work out a price ahead of time.

Someone places an order with you for a set price and you fill it with anything from that level range.

It's an interesting concept, but labor intensive with a slow rate of return IMHO.


I gotta make pain. I gotta make things right. I gotta stop what's comin'. 'Least I gotta try.

 

Posted

You'll make more than 20% if you just keep the item and flip it.


 

Posted

[ QUOTE ]
You'll make more than 20% if you just keep the item and flip it.

[/ QUOTE ]

the point

you seem to have missed it.


Kittens give Morbo gas.

 

Posted

[ QUOTE ]
the point

you seem to have missed it.

[/ QUOTE ]
BAM! (Don't get excited kids, this guy's got heart-shaped nostrils. Wanna see it make a star?)


 

Posted

Hm. This does sound interesting. It also has a chance to squash my current niche - bidding low on a wide range of levels where nothing is for sale, then turning around and putting the crafted result up for enough that it'll actually stay on the market for a day or two. Huge profit margin, low turnover, and would be completely killed by other folks being able to put in decent bids across even a large chunk of the level range.

You'll also need to work out what your price is if the bid *isn't* filled.


 

Posted

[ QUOTE ]
[ QUOTE ]
You'll make more than 20% if you just keep the item and flip it.

[/ QUOTE ]

the point

you seem to have missed it.

[/ QUOTE ]
Not at all. The service being offered is almost indistinguishable from flipping. At best the OP will be subsidising his client... it's a form of protectionism I guess.

EDIT: Although, the client will provide some useful information in the type of item desired.


 

Posted

[ QUOTE ]
Let's say you're buying, I dunno, Swan's Ridiculous Heels: Chance for Inappropriate Comment.

[/ QUOTE ]

I SO want that proc...


...in CoH racing to 50 is like trying to race to the end of your vacation. -Arcanaville

Debt barely slows down levelling these days. It's just a little bar that measures how much Awesome you've generated recently. (If you're not getting debt, you're just not trying to generate Awesome hard enough.) -Kelenar

 

Posted

[ QUOTE ]
[ QUOTE ]
Let's say you're buying, I dunno, Swan's Ridiculous Heels: Chance for Inappropriate Comment.

[/ QUOTE ]

I SO want that proc...

[/ QUOTE ]
With that hairstyle?!


 

Posted

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Let's say you're buying, I dunno, Swan's Ridiculous Heels: Chance for Inappropriate Comment.

[/ QUOTE ]

I SO want that proc...

[/ QUOTE ]
With that hairstyle?!

[/ QUOTE ]

Who doesnt like a mullet


Currently Playing:

A bunch of toons! (Freedom, Virtue, and a few on Infinity)

 

Posted

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You'll make more than 20% if you just keep the item and flip it.

[/ QUOTE ]

the point

you seem to have missed it.

[/ QUOTE ]
Not at all. The service being offered is almost indistinguishable from flipping. At best the OP will be subsidising his client... it's a form of protectionism I guess.

EDIT: Although, the client will provide some useful information in the type of item desired.


[/ QUOTE ]

basically, working from margin while paying a percentage premium to do so. i would suggest this is quite a bit different than simple flipping (<--y'know, every once in a while a word is used so often it loses all meaning and looks slightly alien), essentially moving into brokerage activities where time, capital, and market slot availability become the prevailing invoiced items.

this simplifies matters immensely from a logistical point of view as there is no longer a requirement for a specific niche to be mined/plumbed/mainstreamed. the customer brings the request to you, as essentially a presale, on an item that has little meaning for the broker.

ymmv


Kittens give Morbo gas.

 

Posted

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
You'll make more than 20% if you just keep the item and flip it.

[/ QUOTE ]

the point

you seem to have missed it.

[/ QUOTE ]
Not at all. The service being offered is almost indistinguishable from flipping. At best the OP will be subsidising his client... it's a form of protectionism I guess.

EDIT: Although, the client will provide some useful information in the type of item desired.


[/ QUOTE ]

Maybe I'm fooling myself. This is the difference between being a personal shopper and cruising garage sales for stuff to sell on eBay. I think. That analogy breaks down in a hurry.

From the customer's standpoint, there is a clear difference between the vendor's [my] proposed activities and "flipping". From my standpoint: I'm making a lot less money then just finding and flipping stuff, but I'm providing a specific service to a specific person, and I like to think I'm expanding people's potentialities. Man, that sounded pretentious.

Anyway, we currently have a vicious little circle going where nobody creates sub-max-level stuff because nobody buys sub-max-level stuff because nobody can FIND sub-max-level stuff. I tried changing the supply part of it a little. Now I'm trying to figure out a way to change the demand side.

Any better ideas are welcomed.


Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.

So you think you're a hero, huh.
@Boltcutter in game.

 

Posted

[ QUOTE ]
[ QUOTE ]
the point

you seem to have missed it.

[/ QUOTE ]
BAM! (Don't get excited kids, this guy's got heart-shaped nostrils. Wanna see it make a star?)

[/ QUOTE ]

!?!?

LOL


 

Posted

Ok, I'll bite, I want a Numina's Convalesence +Rec/+Reg in the 30-40 range. How much will you charge for one of those?


Global is @honcho
On Champion
Living Coal LV 50 Fire/Fire Tank
Nature Boy LV 41 Earth/Kin Cont
Great Wacko LV 34 Robot/FF MM
plus many alts

 

Posted

I have a lvl 40 numi unique redside. What's this about?


 

Posted

Tonality: I'm considering a personal shopper service. I throw up five or ten bids across a variety of levels for around the going price, and charge somewhat more. My customers give me something [say, 50% more than I paid for it] and they don't need to have ten free market slots, and they don't need to have the inf for ten bids.

The last time I needed something specific I got it by paying so much that it was worth it for people to use merits to buy it. It seemed inefficient.


Mini-guides: Force Field Defenders, Blasters, Market Self-Defense, Frankenslotting.

So you think you're a hero, huh.
@Boltcutter in game.

 

Posted

[ QUOTE ]
Tonality: I'm considering a personal shopper service. I throw up five or ten bids across a variety of levels for around the going price, and charge somewhat more. My customers give me something [say, 50% more than I paid for it] and they don't need to have ten free market slots, and they don't need to have the inf for ten bids.

The last time I needed something specific I got it by paying so much that it was worth it for people to use merits to buy it. It seemed inefficient.

[/ QUOTE ]

The only problem I see for such a service is that you're asking the wrong crowd. Most that come to this forum have the patience to put up the bids themselves and simply wait for a hit.

That's not to say such a service won't be used....there are plenty of forum goers who are also the impatient 'don't wanna bother putting up a bid for several days' crowd.

All in all, an interesting idea....in theory. Most of the people reading these forums are also alto-holics....in which case, with a decent SG(or multiple accounts), you could have several of your characters doing exactly what you are selling....which is what I do....then transfer the wanted IO.

Edit: The ones savvy enough to actually have all of their slots full are probably not going to be customers.