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Neopia's Fill in the Blank News Source | 23rd day of Sleeping, Yr 23
The Neopian Times Week 49 > Articles > Outlandish Pricing

Outlandish Pricing

by abluestar

THE NEOPIAN MARKETPLACE - Upon stumbling aimlessly into the immensely treaded region known as the Shop Wizard, one might be stunned at the somewhat saddening jump of one price to the next. I really do hope that this article sheds some importance on pricing, and why it is so fragile to the overall condition of inflation.

First off, of course we all want to have the cheapest price on the Shop Wizard. If someone goes below you in price, well your first thought is to jump right under them! But who doesn't? We all want to sell as quickly as possible. But this is the part you must thoughtfully consider. How much of a price difference is too much?

Let's use the item "Cheesy Ruler" as an example for this. At the time this article was written, the lowest Cheesy Ruler price was 30,000 Neopoints*. But on closer investigation in the Shop Wizard, one finds that there is in fact not as many Cheesy Rulers for sale as you may think. The price jumps from 99,999 Neopoints, to a dumbfounding 70,000! That is a grand total of 29,999 Neopoints that the person selling for 70k loses! Unfortunately, it gets worse from here. The price of 70k for the ruler, has a Cheesy Ruler right beneath it for 50k! That's a large 20,000 Neopoints lost! But it just can't stop, it has to take another giant leap down to 30k, and that is where we stand as of today.


Worth it?


That means on average, these owners selling the Cheesy Ruler are losing 20,000 Neopoints Why can't people price a few Neopoints under the one above them? Even a few hundred? Well, at that time, the item may not be in demand. And one does get impatient. But that isn't to say that absolutely no one is going to purchase it. There is always someone in the market for the particular item you are selling, and when you may walk away feeling wealthy, you could have been wealthier.

The Cheesy Ruler isn't the only item going through such a negative ordeal. When I am using the wizard to buy something, I notice a huge price difference between numerous items, and many times, there aren't many of these items in the first place.

We could all walk away richer if we worked together to keep pricing somewhat sane. If someone has an item priced at 90k, and you have one also, sell it for 89k! Yours will most likely sell first, and you won't be I hope everyone keeps this in mind, and as a result, we see improved pricing.

(*Prices given in this article may be outdated by the time you read this, so please keep that in mind.)

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