Thursday, January 10, 2013

Market Research

Paranoia - baseless or excessive suspicion of the motives of others.

In New Eden, I'm not sure that being suspicious of motives is ever baseless. The track history of "trustable" people in New Eden is quite tarred, I think. So, when I see that someone has come into my market with goods that were way under the price I had seen, I imagine that it was a form of pvp directed at me.

But, I did a little bit of research to see the price of the item in question. As it turns out, I may have overreacted. Originally, I was pricing it around 1,100,000, which was a tremendous amount of profit. This was where I saw the market at the time; I assumed it was the consistent market value. New Eden, however, has a means of checking these things out. So, I looked:

So, it looks like I may have jumped into the market on this item during a little bump (which I rode pretty hard!) and now the price is leveling back out. I imagine they call this a bubble in the market world. I listed my products today for a price more in tune with the actual market value.

I'll post a more comprehensive manufacturing update tomorrow.

Fly safe, my friends!

1 comment:

  1. As long as the sale price is higher than the value of the minerals that you have to use to build it, then the profit margin is entirely ip to you.

    Congrats on getting in before the top of the curve.