I. Know your market
Selling your items is a quick and painless process (and rather rewarding) if you're advertising in the right place. You can make a lot of money in pre-searing selling average weapons but you have to know where to go.
Warrior's likely gravitate towards warrior quests and trainers so head off to Barradin's Estate to sell that 9-11 sword. Casting classes are everywhere but Ascalon City is the most populated. Foible's Fair is a decent spot to target those wily casters as well.
Post-Searing, class lines are blurred and then it becomes a matter of knowing skill level and wealth. Selling that Rare Axe of Awesomeness in Sardelac Sanitarium is a bad idea. People don't have the money to give you what you think it's worth and more than likely don't come close to the requirements. Similarly, people in Lion's Arch will laugh at you if you advertise that 7-10 Rinn Blade.
2. Know the value
Some of the stupidest stories people have recounted deal with ignorance. Know the value of everything in your inventory. A good rule of thumb is 10 times what the merchant would pay you for it (obviously there are exceptions).
A lot of the value is based on the market you're in. As I mentioned above, a 9-11 sword will fetch you a decent price in pre-searing. You'd have to pay people in Lion's Arch to take the same sword off of your hands. Most of the drops you get in upper levels can be worth a lot to people starting out if the item requirements aren't too steep. If you have the time, zip on back for some quick gold.
In the end, it's worth what it sells for. You may not think that Fur is worth 1000 gold but I've sold plenty at that price. Selling for less is just stupidity. If you don't know the value of something, aim high and let the market prove you wrong. Friends are not made on the trade channels, they're made in missions. If you want to be charitable, sell low to your guildmates--they'll appreciate it whereas the public will forget you 1 minute after the deal.
3. Irritating vs. Effective
The single most damaging aspect to Guild Wars' economy is the Caps Lock key. So many people have been turned off to trading because they see the spam that occurs on the trade channel. Many of us advocated for an auction house that would have alleviated this issue but he we are -- complain about it elsewhere.
Capitalized letters and symbols should be used sparingly. Acronyms and abbreviations are fine but again, understand your market. You might throw around PM, WTS, DF and Req as though it's your native language but there are plenty of people new to this game that have no idea what you're talking about. Usually these new people are the exact audience you're trying to get a great deal off of -- do yourselves a favor and make it easy for people to respond to you.
Do not post the full stats of rare items or other long modifiers. These just clutter the channel. Bonuses and modifiers should be thoughtfully abbreviated (if possible) or just listed as "3 bonuses, take a look". Bonuses and modifiers don't generate interest as much as Rare, Purple or plain, hard numbers. Definitely don't post requirements -- that's for your customer to worry/ask about. All of this should go into how you quote your price.
Selling: Blue DYE, whisper me with offer. Perfect except for one thing, "whisper me with offer". Know the value of what you're selling, mark it up accordingly, then advertise your price. Every time I see "PM me with offers", I offer what the merchant would pay. If someone says it's worth more than that then tell them to sell it for said price and quit cluttering up the trade channel with advertisements for offers.
Do not be scared to quote high prices. Something is worth whatever someone else is willing to pay for it and the only wrong price is the one not specified. You can always negotiate but give a ballpark figure as a starting point. If they're interested they'll tell you and you can go from there. "PM me with offers" turns off more people than it attracts.
To Sum Up:
-Know who you're selling to
-Know the value
-Use capitalization, repetition, acronyms, symbols and abbrev's sparingly!
-Quote a price
"It's worth what you sell it for."
Marketing 101
Granamyr
Deadroot
Don't forget to use the Trade($) chat so people who don't want to look at trade requests can filter them out. Trying to trade in the Area(!) chat is just annoying. Traders have their own chat channel for a reason, its so people focused on looking for a trade can filter out everything else and those looking to chat or form groups won't be pestered by trade messages.
Mr Norrmannen
i have traded alot and i have 114k now ^^
Dose anybody know what rare crafting leather is worth ?
Dose anybody know what rare crafting leather is worth ?
MCS
Those are good. Advertising for more then you plan to sell it is the best idea. Then when you lower the price they think they are getting a deal.
femto
where is a good place to farm to GET stuff to sell? I'm lvl16 and have just gotten to Bloodstone. I've tried farming drakes off the coast of Kryta but didn't even get TO the drakes before I died =/ is there a place that has good drops/gold that a char of lower levels like myself can go?
EDIT: oh and also, does a list exist that tells the value of rare crafting items, such as a Monstrous Claw, a Boheomouth Jaw or an Ancient Eye? I don't want to undersell my items, and to not do so I really need to know the value of my items like you said.
EDIT: oh and also, does a list exist that tells the value of rare crafting items, such as a Monstrous Claw, a Boheomouth Jaw or an Ancient Eye? I don't want to undersell my items, and to not do so I really need to know the value of my items like you said.
Arbalest
Oh man, the drakes are easy to get to mate. =) Just look around in kryta for a Drake run. They'l show you the ropes.
It can be a lot of fun, and the money just rolls right in.
It can be a lot of fun, and the money just rolls right in.
femto
Quote:
Originally Posted by Arbalest
Oh man, the drakes are easy to get to mate. =) Just look around in kryta for a Drake run. They'l show you the ropes.
It can be a lot of fun, and the money just rolls right in. |
Granamyr
On value questions, like I said: A good rule of thumb is 10x whatever the merchant will pay you. Advertise for that and negotiate from there. Fur is obviously an exception and you can gouge people for money. There is no economic ethics committee in Guild Wars so sell high!!
TEFFalcon
I sold 10 tanned charr hydes for 40g each. I felt bad afterwards tho,. Sorry poor guy
SOT
This thread was the most informative read for me personally since I arrived here.
Much of this was known to me, but forgotten in the course of gaming. Education does indeed "pay off"
Thank you for sharing this information.
Much of this was known to me, but forgotten in the course of gaming. Education does indeed "pay off"
Thank you for sharing this information.
jdwoody
Quote:
Originally Posted by TEFFalcon
I sold 10 tanned charr hydes for 40g each. I felt bad afterwards tho,. Sorry poor guy
|
400 gold for the hides + 160 gold for expert salvaging is only 560 gold, if they got even 1 fur out of that they got their gold back and then some, if they got lucky and pulled out 2 furs that is a great investement. (I've sold 3 fur squares for 3k gold)
A11Eur0
Excellent explanation for gutting the life out of newbies. I hope you sleep well at night. Hey, it's just a game right?
chalt2
Quote:
Originally Posted by Granamyr
Selling: Blue DYE, whisper me with offer. Perfect except for one thing, "whisper me with offer". Know the value of what you're selling, mark it up accordingly, then advertise your price. Every time I see "PM me with offers", I offer what the merchant would pay. If someone says it's worth more than that then tell them to sell it for said price and quit cluttering up the trade channel with advertisements for offers. Do not be scared to quote high prices. Something is worth whatever someone else is willing to pay for it and the only wrong price is the one not specified. You can always negotiate but give a ballpark figure as a starting point. If they're interested they'll tell you and you can go from there. "PM me with offers" turns off more people than it attracts. " |
Overall GREAT post very good read and informative.