Artisan Archive

Thread: I got a rude email last night!

Timkatt
Thu Jul 31, 2003 8:51 am
#27






Resmiranda wrote:

The problem is that due to the HUGE flow of money in to the economy.. people are more willing to jack up the prices cause they are greedy..





Greed has little to do with it. On one planet I'll sell power-ups for 750cr each. On another less populated planet I can only sell for 150cr. Lets look at the numbers


If I were to sell power-ups for 5cr/resouce they would be 50cr. would I make alot of money sure would I sell all my power-ups really fast well that depends on the economy.


If the city or planet I'm on is cash poor and no-one has alor of money and the going price of power-ups is 3cr/resource then NO they won't


If the city or planet is cash rich and has a lot of inflation will my power-ups sell at 50cr yes. Will I be making alot of money no because anything I want to buy will be sold to me at the inflated price NOT the price I'm selling at.


You need to understand the current market and charge appropreate prices or you will set yourself up for loss in the long term. 50cr now will not have the same value in a month.




Bexley
Lowca
Master Artisan
Weaponsmith
Pistoleer
Creature Handler
kasuta
Thu Jul 31, 2003 9:17 am
#28

I definitely see your point friend, it would be difficult to raise my prices if the market started going south. However, if such a thing did happen, then it would affect everything across the board--it's not like people would see my prices going up and suddenly accuse me of cheating them. Well, they might but they'd still have to pay the price as they would have no alternative. I feel that right now, I make enough to support my harvester and crafting habits and still have money left over. More importantly, my stuff moves fast enough that I carry little inventory, so basically every non-failed powerup I craft generates income. If I raise the price 2 or 3X, I may move stuff slower and end up destroying powerups. I know, I cannot say for certain unless i try it out. However, I see no reason to change my current system which works so well. If I encounter a crumbling market and need to raise my prices, then I will deal with it when it happens.



____________________________
-Bucky Buchanan, from Saratoga!

Arf-Arf, woof yap woof arf growl.
BiancaMinola
Thu Jul 31, 2003 2:17 pm
#29

Glad he's not on Ahazi, he'll be pissed when he sees me selling factory crates of them when the patch hits for 3000 on the bazaar until I run out of resources.


Bianca MInola

kasuta
Thu Jul 31, 2003 2:27 pm
#30

Or until you run out of room for crates inyourhouse!





____________________________
-Bucky Buchanan, from Saratoga!

Arf-Arf, woof yap woof arf growl.
Attilera
Thu Jul 31, 2003 2:35 pm
#31

Not to take this thread off-topic, but is there a way to specify what stat the power up you're buiding will produce? I'm still feeling my way around the powerup crafting process, and I think I've been making so decent ones, but they all seem to be all over the board on what I'm powering up...



__________________________________________________
Attilera Riilett, Architect, Corellia
Look for the Riilett name. Riilett - The Quality Really Shows!

BiancaMinola
Thu Jul 31, 2003 2:37 pm
#32

Amazingly (due to my immense strength?) I am able to carry far more of them than I am able to drop in my house.


Bianca Minola

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