[Guide] Dark's How to Price your own Items for Sell « General Discussion « WLO Gameplay
 
Sun, 04 Mar 2012, 11:16pm #1
darkdeaver
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This is a guide on how I price any item i compound and Sell to other people. When deciding how much to charge there is 4 components to look at.

1. Price in materials it costed you to make the item.
2. Current price of Alchemy Books on your server.
4. Failure Variance
3. Profit.

Lets do a rough example.

Lets say you decided to make a Red Dragon Gown. I will not go thru the steps on making it but just list prices of each Component. I am being rough here not exact pricing.

1. It costed you lets say it costed you 100k in materials.
2. You used 3 Alchemy books valued at 300k total.
3. You add in 25k for a Failure variance. Not to say you failed this much on this particulair item.
4. Your Profit percentage. From guaging Leo lately it is around 60%.

So The Math:
[Materials]+[Books]+[Failure]=[Base Price]
100k+300k+25k=425k
[Base Price]+[Base Price*Profit%]=[Selling Price]
425k+(425k*.6)= 680k

On average right now when I go around and look at Red Dragon Gowns. They are going for 650-750k a peice on average. I do see a few that are 600k. But I also see alot that are 800k+.

As you see from the example above. The price of items is really based solely on the price of Alchemy books and the pcentage of profit a person wanted to have.

When book4s were 40k on Leo the average Red Dragon Gown Price was 350k-400k.

100k+120k+25=245k
245k+(245k*.6)=380k

There is really only 1 catch in this. This is for instance items. Since you get them for free you do not really have a hard value for them. So what you have to do is assign them a value on how much you think they are worth. Then add this to the material costs.

So the next time you need to do a price check for a compounded item you have made. Generate your own price using the formula above. If items are way too expensive on yuor server. Go around and check the prices people are selling alchemy books for and you will find out why they are so expensive. I know I been looking in Leo Server and have a hard time finding any Alchemy Book for sale. They are on the point where they are getting rare. Thus the prices of compounded equipment here is skyrising.

-- dark


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Sun, 04 Mar 2012, 11:23pm #2
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Thank you. This will help alot. xD


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Sun, 04 Mar 2012, 11:26pm #3
the-x
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epic guide dude :]


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Mon, 05 Mar 2012, 1:42am #4
Kojika
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i usually price that way too O.o XD glad i'm not the only one

== but now in stupid scorpio everything is so bloody over priced and people have to much money to spend... other time i feel bad for the ones who don;t and lower my price a lil then it all seels out to fast.

-.- which makes me think they buy to resell TT.TT so now i take a break from selling unless i'm in the mood. only shop i leave open is my cafe cause no one really sells food.


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Mon, 05 Mar 2012, 1:47am #5
darkdeaver
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Funny thing is that you can calculate how much it takes to make it. Then you can figure out what the going profit rate is for your server. Then you will know how much to charge.

Sadly just like real life in WLo people want more and more profit from the items they sell and as prices go up profit rates do too. So it is a vicious circle that can quickly spin out of control until the server is so expensive that everyone just makes thier own items since it is so much cheaper than buying them.

When Leo hits about 120% for profit rate I am sure I will have to close down my alchemy shop. As I will not be able to support a whole server compounding all the time XD

-- dark


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Mon, 05 Mar 2012, 2:37am #6
Kojika
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its totally disgusting i dunno why people get like that. even now they use the gold bag as an excuse to over price, how much months has it been now since that happened and they still refuse to go back to how prices was. i laugh when i see newbies trying to buy a rdg for 1.2 mil when it used to be about 300-380k

even somthing small like blessed bow i sell for 5.5k cause it cost less than that to make. but they sell for over 500k originally was 25-50k

it just gets so ridiculous


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Mon, 05 Mar 2012, 2:50am #7
darkdeaver
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It is a snowball effect. More time means more money in servers. Even with the gold bag mishap. It would eventually get there.

My personal prediction is the 100mil gold IM Wep by 2014. Some one offered me 3mil gold to burst thier PC to lv180 from lv156. But on current scale of pricing in Leo that is super cheap. Since before I would get like a Pet Brooch from IM and some VIP Cards. Which has an intrinsic value on Leo of over 11mil gold.

-- dark


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Mon, 05 Mar 2012, 3:49am #8
Kojika
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yea true would have happened eventurally. just happened rather fast. but i still stick to my prices (unless i'm uncertian then i look around or ask). once in a while i feel ripped off and cry. but other times i feel that if i'm able to help someone who has lil to none or un able to afford all that over pricing then i did good. and i don't feel so bad or upset (cept when i find out the buy off me just to resell for more or they are rude and demand requests for compounds not caring that i'm giving them a discount and wasting my time and books to do it under pricing myself to help them)

lol.. wow either they are desperate or have the gold to flaunt and could care less. maybe i should start charging people who askes me for busrt alredy did 9 of them for free atm. -.- 4 to 180 and 5 to 100-150 *cause they want to rb early and also cause i get annoyed when they beg to much so kick them when they get to 100ish) using my own sp including some pets like lan and qlaya

-.- maybe i'm to nice


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Mon, 05 Mar 2012, 10:40am #9
ajinkya007
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in sagitta the prices of weapons/armors/syrups havent gone up unleeess from the goldbag thingy and perhaps they never will lol.
if a person is selling a quest/equip/iteam at an overpriced rate, people rarely buy it(99% times not) so in order to atleast get his cost price back he needs 2 reduce the price of the item.

2 years back the books used 2 be,
book1=10k book2=20k book3=30k book4=40k
now the standard prices r 15,25,35 and 45k

also regarding equips, the prices have gone up from 2 years but at a rly slow rate.

the only hing that has gone up is syrups, from 40g-80g n thats mostly because ppl are ready 2 pay that price. 1ce they stop paying it the prices will again fall down.

basic reason for low prices in sagitta is because most of the players r self-sufficient and other reason is they knw that they need 2 be cheap or they will never sell a thing.

this may look awesome for people on other servers but honestly theres a great drawback. in sagitta its impossible 2 find something which u wana buy, especially equips, unless u hire ur own alchemist.


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Mon, 05 Mar 2012, 12:00pm #10
darkdeaver
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Leo has a similiar issue. There is a bunch of alchemists on Leo but for the most part every tent is IM or Jobset. Seems everyone here is starting to do it internally.

Books are rare to find, no equipment in tents for sell. Unless the population of Leo took a big drop. It means no one is really doing compound for profit no more. I knwo they are compounding because my alchemy shop is draining empty almost everyday but no one is selling anything.

-- dark


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Mon, 05 Mar 2012, 5:53pm #11
Kojika
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same with scorp books used to be 15, 25, 35, 45, before the gold bags
now its like 100-250, 350, 450, 550

then you have the ones who price it according to how much mony they want to make from it. book 4s will even go as hi as 700k == its unbeliveable when you can't even get gear for that much animore. ... might explain why equipment has gone up cause add books to the price. one guy in world was seeling a book 1 askes for grape syrup in trade for it so i though ok sure 1 stack of syrup. but he askes if i was in preschool and know how to count laughing at me says he expect 50 stacks of syrup for the ONE book 1. i told him off. he continued to push me till i blocked him.

even syrups went from 45-90-100-250(now hovers around 500) all for 1 syrup


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Mon, 05 Mar 2012, 10:08pm #12
darkdeaver
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I got 3 Syrup makers. If price of syrup on Leo breaks 500g a whack I am giving up the alchemy shop. Because I make 500g or less per item. Syrups would be cheaper $$$ wise and Would be less work :P


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Thu, 07 Jun 2012, 5:56am #13
Narugami
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What about stuff from Item Mall, like the Sewing Tool Kit, etc..


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