The weak economies of Arkadia and Rocktropia are in dire need of supply and demand. Yes, the supply is there, but it does not do any good for the crafters if the materials and ores are all trade terminaled. But, it is a huge risk to post large amounts of listings and ores, and have to wait for them to sell when you want to keep playing but have no peds. So my goal here, is to encourage you crafters to place orders for the materials you need... It tells the people selling their materials that ok, I have a market for it. In order for crafting to be viable, we must convince people not to TT any of the materials we need, or we really can't craft. Those of you who do thousands of click runs on calypso... You have the benefit of a steady flow of ores from the huge economy, and from the asteroid, and all other destinations. Calypso is the lifeblood of EU. But I want to see all the other planets become viable as well.
So... In order to place an order... You must click the orders tab. Then, you must click on the "available" tab. In order to find the item you wish to order (no L items may be ordered), you must go through the list one page or 10 pages at a time, and select your item. Then, you may place an order for it, it costs 1 ped per day of the listing regardless of quantity or peds ordered of that item. You set the maximum markup you will pay, and the WHOLE amount for that order will be deducted from your ped card.
If you order 100 narcanisum at 125%... And someone sells 90 ingots at 120%, the 5% difference is refunded to your ped card at the time you purchase those ingots. You have the option of leaving the remaining amount of the order up, or you may take it down early to obtain the rest of the funds that are still reserved for it.
Please bear in mind, it is not economically feasible for people to fill orders below 105%, the exceptions are for residues in large quantities. However, refined oil, the refiner decay alone brings the cost of this to 105%, so a note here: NEVER fill orders for oil for less than 105% unless you like throwing away peds! I've learned this from doing!
And a reminder...
TO FILL orders...
Click the orders tab. You may search if there is a lot of listings, or browse... Or sort by markup... When you find an order you wish to fill... Your listing MUST have the same quantity or less, and be AT that markup or under in order for the order to fill (buy out price). If you do NOT meet these requirements, the order will not fill.
Orders can change from hour to hour, minute to minute, day to day. What isn't ordered now, may command a huge price tomorrow because someone wants to do an emergency crafting run on something.
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Showing posts with label Filling Orders. Show all posts
Showing posts with label Filling Orders. Show all posts
Tuesday, January 31, 2012
Monday, November 14, 2011
ADVICE: To TT or not to TT
There are times when you simply cannot profitably sell something for a markup if it is too low. Take Oil for example. It had a common markup of about 104% on orders or less, and if you competitively list it, you are lucky to even sell it at 105%. But, I was trying to fill an order once... My refiner broke a lot trying to refine a couple hundred peds of crude oil. By the time I was done, the orders were not high enough to cover the refiner decay and the listing fee. In short... TTing my oil was more profitable than auctioning it off.
Generally, I consider anything below 105% to be TT food, unless I have a trader that will buy it from me, or someone in my society can use it. If it is someone in the Society, I generally will sell it to them for TT value, it helps them out, and they will gladly help you out in the future too.
You have to look at it this way too: If you have something at say, 103%, and you are holding it and holding it trying to gather enough to sell... Finally you have thousands of peds worth, or maybe hundreds, and you sell it for your little bit of markup... If you don't feel foolish, you ought to when I tell you... You had no doubtedly deposited so you had more peds to play with because all your peds were tied up in loot, correct? Well... You effectively lost half a percent if you sold your tt food at 103% to a trader, or even on auction. How? Because there is approximately a 3.65% fee deducted from your peds when you deposit to cover the credit card transaction.
So, it is cheaper just to TT the low markup stuff if it means having to deposit.
If you are fortunate enough to have a large ped roll, then never mind me... It is wiser to get any extra you can out of what you have. Feel free to read my posts regarding survivability to find out more on why this makes a big difference.
It is mysterious to me how the auction fees work in Entropia. Some items is possible to fill orders at 102% on auction and still have some slight gain. Other items, you can't pay the auction fee with anything less than 105%... You just have to look closely at what you are selling and what all the costs involved are, otherwise you will find not all opportunities are ge drd le s.
Always remember a loss is a loss no matter how small.
I generally do not recommend TTing anything over 105%... Exceptions are for things that either sell slowly or not at all. If there is no demand, you can't expect to sell it for any markup.
Under 105%, is TT food.
Generally, I consider anything below 105% to be TT food, unless I have a trader that will buy it from me, or someone in my society can use it. If it is someone in the Society, I generally will sell it to them for TT value, it helps them out, and they will gladly help you out in the future too.
You have to look at it this way too: If you have something at say, 103%, and you are holding it and holding it trying to gather enough to sell... Finally you have thousands of peds worth, or maybe hundreds, and you sell it for your little bit of markup... If you don't feel foolish, you ought to when I tell you... You had no doubtedly deposited so you had more peds to play with because all your peds were tied up in loot, correct? Well... You effectively lost half a percent if you sold your tt food at 103% to a trader, or even on auction. How? Because there is approximately a 3.65% fee deducted from your peds when you deposit to cover the credit card transaction.
So, it is cheaper just to TT the low markup stuff if it means having to deposit.
If you are fortunate enough to have a large ped roll, then never mind me... It is wiser to get any extra you can out of what you have. Feel free to read my posts regarding survivability to find out more on why this makes a big difference.
It is mysterious to me how the auction fees work in Entropia. Some items is possible to fill orders at 102% on auction and still have some slight gain. Other items, you can't pay the auction fee with anything less than 105%... You just have to look closely at what you are selling and what all the costs involved are, otherwise you will find not all opportunities are ge drd le s.
Always remember a loss is a loss no matter how small.
I generally do not recommend TTing anything over 105%... Exceptions are for things that either sell slowly or not at all. If there is no demand, you can't expect to sell it for any markup.
Under 105%, is TT food.
Saturday, September 17, 2011
HOW TO: How to Fill or Place Auction House Orders
I still run into people who have been on Entropia for years that have never learned how the Auction house works... They have not yet used the orders for ordering materials or selling resources. So, I thought it would be appropriate to give everyone a quick tutorial on how the Auction house ordering system works.
PLACING ORDERS:
Rules:
You can only place orders for UNLIMITED items.
When you place an order for an item, the FULL TT + Markup is held by the system until order fills.
If the condition of the item is less than full TT, You receive a refund for the difference in condition when the order is filled.
As of last time I've used the orders, it cost 1 Ped per day that your order runs. If it is a rare item, you need to run for more days sometimes to get it filled. If it is ores or other resources, one day is plenty because if someone raises their orders too high over yours, yours may never get filled unless the market drops.
What it is useful for: Ordering crafting supplies for much lower than you can buy them off auction directly. Obtaining expensive items that you don't want to pay full retail for but reasonably think someone would sell to you at a lower price such as a hard to sell item but they need the PEDs.
How To
In the auction house, there are two tabs at top. One says Offers, the other says Orders. Offers is what everyone is trying to sell. It is where you go to buy things directly off auction, or just list things for sale. You need to click on the Orders tab.
At the bottom of the window I believe it has a button that says either Make Order or Place Order. Click it.
Select your item from the list that you wish to order. It can range from blueprints, to animal oils, to metal ingots or raw resources. Even weapons! But note they are all unlimited. Limited items must be bought and sold at the prevailing market price as dictated by supply and demand.
Once your item is selected, you decide how long you want the order to run. If you are ordering common items such as ores and enmatters, you will want to note the highest order price already listed and the quantity they ordered. The highest order price will get filled first if the quantity the seller sells is equal to or smaller than the ordered amount.
Say there are two orders for Narcanisum.
Order 1 1000 Narcanisum at 140.50%
Order 2 2000 Narcanisum at 139.19%
Scenario 1: If you sell 1500 Narcanisum for 140.50%, it wont fill the order, and will go straight to auction for buyout at the price you chose. You can instead sell it to order 2 for 139.19% or as close as you can get to it, because they have enough quantity ordered.
Scenario 2: You have 500 Narcanisum to sell. Even if you sell it at 139%, it will still go to order number 1 because they have the highest bid, and they have enough quantity left to buy your lot.
FILLING ORDERS:
Rules: See scenario 1 and 2 from last section.
How To:
What I recommend doing is just type in the item you have to sell in the search and click on the orders tab. If any orders show up, those are what people are offering for you to sell them the item and how many they still want. The advantage over auction is, you don't have the risk in worrying if it will sell or not and whether or not you will lose your auction fee if it doesn't sell.
When you find an order you want to fill, you must go to the offers tab. Sell item like usual, except you only put in up to the quantity of item ordered, and you set the buy out price AT OR BELOW the ordered markup. If both of these conditions are true, the transaction will be instantly completed and the PEDs available on your card right away!
That's all there is to it!
It is not uncommon to save 10 to 20% in material costs by placing orders instead of buying straight off the auction. This is a huge benefit to crafters, and it helps other crafters and miners by giving them instant demand if they need to use the peds they just tied up to keep playing. It sucks to have all your peds in auction house waiting for things to sell.
Good luck and may everyone ATH or have fun trying!
PLACING ORDERS:
Rules:
You can only place orders for UNLIMITED items.
When you place an order for an item, the FULL TT + Markup is held by the system until order fills.
If the condition of the item is less than full TT, You receive a refund for the difference in condition when the order is filled.
As of last time I've used the orders, it cost 1 Ped per day that your order runs. If it is a rare item, you need to run for more days sometimes to get it filled. If it is ores or other resources, one day is plenty because if someone raises their orders too high over yours, yours may never get filled unless the market drops.
What it is useful for: Ordering crafting supplies for much lower than you can buy them off auction directly. Obtaining expensive items that you don't want to pay full retail for but reasonably think someone would sell to you at a lower price such as a hard to sell item but they need the PEDs.
How To
In the auction house, there are two tabs at top. One says Offers, the other says Orders. Offers is what everyone is trying to sell. It is where you go to buy things directly off auction, or just list things for sale. You need to click on the Orders tab.
At the bottom of the window I believe it has a button that says either Make Order or Place Order. Click it.
Select your item from the list that you wish to order. It can range from blueprints, to animal oils, to metal ingots or raw resources. Even weapons! But note they are all unlimited. Limited items must be bought and sold at the prevailing market price as dictated by supply and demand.
Once your item is selected, you decide how long you want the order to run. If you are ordering common items such as ores and enmatters, you will want to note the highest order price already listed and the quantity they ordered. The highest order price will get filled first if the quantity the seller sells is equal to or smaller than the ordered amount.
Say there are two orders for Narcanisum.
Order 1 1000 Narcanisum at 140.50%
Order 2 2000 Narcanisum at 139.19%
Scenario 1: If you sell 1500 Narcanisum for 140.50%, it wont fill the order, and will go straight to auction for buyout at the price you chose. You can instead sell it to order 2 for 139.19% or as close as you can get to it, because they have enough quantity ordered.
Scenario 2: You have 500 Narcanisum to sell. Even if you sell it at 139%, it will still go to order number 1 because they have the highest bid, and they have enough quantity left to buy your lot.
FILLING ORDERS:
Rules: See scenario 1 and 2 from last section.
How To:
What I recommend doing is just type in the item you have to sell in the search and click on the orders tab. If any orders show up, those are what people are offering for you to sell them the item and how many they still want. The advantage over auction is, you don't have the risk in worrying if it will sell or not and whether or not you will lose your auction fee if it doesn't sell.
When you find an order you want to fill, you must go to the offers tab. Sell item like usual, except you only put in up to the quantity of item ordered, and you set the buy out price AT OR BELOW the ordered markup. If both of these conditions are true, the transaction will be instantly completed and the PEDs available on your card right away!
That's all there is to it!
It is not uncommon to save 10 to 20% in material costs by placing orders instead of buying straight off the auction. This is a huge benefit to crafters, and it helps other crafters and miners by giving them instant demand if they need to use the peds they just tied up to keep playing. It sucks to have all your peds in auction house waiting for things to sell.
Good luck and may everyone ATH or have fun trying!
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