Learn basic economics

Discussion in 'Market Discussion' started by belbn, Nov 24, 2013.

Learn basic economics
  1. Unread #21 - Nov 25, 2013 at 9:50 AM
  2. Emperor Nero
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    I am still laughing at R2 prices vs Arcus. Why would anyone buy for the Chinese shops when they could get it 10%+ cheaper from a seller like Arcus.
     
  3. Unread #22 - Nov 25, 2013 at 9:56 AM
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    shits funny
     
  5. Unread #23 - Nov 25, 2013 at 10:21 AM
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    r2 = Canadian
    Arcus = Chinese

    Then to the main post. on PA your competition is very direct. Most of the orders are done with the seller who's cheapest.

    Look at this simple rule:
    Situation A:10x possible orders with 50% marchin --> 50% of potential buyers is ordering
    Situation B:10x possible orders with 45% marchin --> 75% pf potential buyers is ordering

    Now what do you think it's better, option A or B?
     
  7. Unread #24 - Nov 25, 2013 at 10:26 AM
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    Supporting the price fixing of rsgp.
     
  9. Unread #25 - Nov 25, 2013 at 11:29 AM
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    ...As if that were enforcable. Lol.
     
  11. Unread #26 - Nov 25, 2013 at 2:12 PM
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    Quality topic guys.
    Quantity > quality in the case of PA.

    100 trades for 5% less profit per trade or
    10 trades for 5% more profit per trade.

    Do the math.
     
  13. Unread #27 - Nov 25, 2013 at 3:11 PM
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    I love the rage, you're just mad that he's outselling you.
     
  15. Unread #28 - Nov 25, 2013 at 5:28 PM
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    Me and R2 are both Canadian. We both employ Chinese worker(s) however.
     
  17. Unread #29 - Nov 25, 2013 at 6:42 PM
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    Don't get the point of this rant, if he's making a profit then he's doing something right. It isn't his responsibility to look after the other gold businesses interests. Either lower your prices or find something else that makes paying more for your product a desirable option.
     
  19. Unread #30 - Nov 25, 2013 at 7:44 PM
  20. l0llyp0pst3r
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    Ye like many others have said, its better to get many trades and make less profit per trade then get less trades and make more profit per trade. Not only do you profit more you can get more contacts for future trades.
     
  21. Unread #31 - Nov 26, 2013 at 12:43 AM
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    I don't really sell on PA. I have a shop there, but I don't update it, nor do I attempt to compete for orders on their site.

    As to this thread, OP seems pretty upset. He's got economics on his side though.

    Also, belbn, what is your PA name?
     
  23. Unread #32 - Nov 26, 2013 at 7:53 PM
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    Also worth noting that by driving down the price on PA he might drive sellers to sell to him instead for less than they would without him undercutting. Then he can just sell for a high price outside of PA and increase profits a lot. I'm pretty tired right now, so that might be nonsense. But it sounds about right to my sleep deprived brain atm lol.
     
  25. Unread #33 - Nov 26, 2013 at 9:50 PM
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    this...
     
  27. Unread #34 - Nov 27, 2013 at 12:21 AM
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    What dialatic said is true lol
     
  29. Unread #35 - Nov 27, 2013 at 2:27 AM
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    I suggest going to a class yourself, I arcus has it down pat.
     
  31. Unread #36 - Nov 27, 2013 at 3:44 AM
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  33. Unread #37 - Nov 29, 2013 at 2:57 PM
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    Let the man put food on the table. If you can't beat him, don't bother him.
     
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