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The Mallers of Neopia - Monopolizing Your Market Guild| Home | Mall Openings | MotM | Mall Index |Guild Page Links: Guild News | Guild Ranks | Guild Rules | MoN Tips | Graphics | Guild Banners Guild News: * Council positions filled 3/26/09 For Your Protection: Beware that using more than one active (stocked and priced) shop account will get you frozen. Interested in joining the guild? See if you qualify... Everyone with a main market-sized shop (size 580) is welcome to join the guild - mall leaders and mall members alike. The latest mall news is always discussed, but anything goes on our chat boards. We're only interested in having members who are open to sharing their knowledge and expertise and not people who would blatantly try to undermine and destroy other malls. We would like to keep the friendly competition atmosphere and not introduce a hostile one. If you would like to join the guild on a spare account and your main qualifies, please state the name of your main on your look-up so the council knows not to delete you. Thanks! The Ranking System: The ranking system is based on whether you are on your main account and how active you are in the guild. Being on a main account doesn't make you better than someone on their spare, it's just easier to recognize people this way :) The meaning of each rank is explained below Please neomail one of the council if you think your rank should be changed. Guild Rules:
1. Do not join the guild if your shop size is under the minimum size requirement to show up on the main marketplace. You will be permanently banned. Rules for people with admin powers:
1. Do not abuse your powers and let emotions rule you. Only apply powers when logic is 100% present. MON Tips Menu: What is a mall? What is a mall?
Neopia's three market places: Neopia
Central How do malls work? Malls drive traffic to their members' shops in several ways but by far the most important is through the marketplace. When a player visits the marketplace and clicks on one of the "huts", they are able to view the descriptions of the ten shops contained within that hut. If a shop is in a mall, this means that when someone views their hut, the mall banner is displayed and the player could potentially click on the banner to enter one of the members' shops. If there are 10 members of the mall this means that your shop's banner is displayed to 10 times more people than if you were working on your own. Why Join A Mall? A Case For Malls: Faerie Quests: Choice and Convenience On Mall Prices: Upgrading shops is expensive and the need to upgrade is constant. By way of example, it takes approximately 33,698,000 neopoints to upgrade to size 580 and store owners need to be able to recover and justify this cost. In addition to upgrading, many malls place weekly notices in the noticeboard. Each mall member must contribute his or her share of the cost. The contribution amount will vary based on the number of store owners a mall has but 300,000np would be typical. Again, a maller needs to be able to recover this cost which requires them to price higher than someone who does not. Mallers are required to keep a very wide range of items in stock. This takes money, which must be recovered. By now you have probably got the message. Running a shop in a mall is a more expensive prospect than running a regular shop and this necessitates higher prices. Joining a Mall: Locating Vacancies:
As noted above, relationships are a very important part of the courtship process and you should cultivate good relationships with other mallers. In many instances this could be the difference between finding out about a vacancy before others or securing a place ahead of someone else when there are multiple applicants for the same spot-blocked-ing and participating actively in the guild is a great way to build such relationships. On Malls and Categories:
In general, faerie quests items (books, cards, grooming, clothing, magic and toys) together with petpets and battledome supplies are often viewed as being among the better categories. It is possible, however, to do very well with any category if you market your shop and price your items right. It probably isn't going to be possible for you to secure a petpet slot in Neopia's most profitable mall on your first attempt but this does not mean that you should accept the first offer that comes along either. Evaluate any offer that comes along carefully from as many angles as possible. Don't be afraid to canvass opinions on the guild forums but be careful that you don't cause offense or publish information given to you in confidence. Before deciding whether a particular mall or slot within a mall is the right one for you, there are several important things you should consider. These include the mall's reputation, whether or not they have regular notice board advertisements, who the members are and how many of them there are, the marketplace hut positions of the various members, the evenness of the distribution of categories among the members of the mall and the quality and quantity of stock in each shop. Questions to Ask: Things you should ask about include: (a) whether there are notice boards and, if so, how much your share of the cost would be as well as the method and timing of payment, (b) any specific rules and guidelines the mall has for their members, (c) how the mall handles vacancies (do they look within the mall or outside the mall, etc.), (d) what they would expect of you in terms of upgrades. Common Terms and Conditions: No links to shops outside the mall. Stocking Your Shop: Probably the best way to decide what to stock is to find two or three shops from other malls that stock similar items and spend several hours examining them closely. You can begin by simply stocking the same items and in similar quantities. As you develop a feel for which items in your store are popular with your visitors you can adjust your stock accordingly. Don't be afraid to try out new things. If it doesn't sell well, price it at shop wizard prices to get rid of it and try something else. Finally, think carefully about your category and the kind of items that would complement it. For example, a petpet shop could also sell petpet supplies, petpetpets, petpet paintbrushes, etc. A food shop could and should also sell drinks (especially water). Tips for Stocking Your Shop: First; check the wiz a few times to get an idea of the price of an item (note that the row with usernames beginning with s and f is often a good indicator). Identify shops selling more then 10 of the item you want and buy as many of them as you need from those shops. Note that you will almost certainly be able to buy the items individually at cheaper prices but this will take a considerable amount of time. Most mallers quickly decide that paying a small premium to buy in bulk is well worth the additional cost for the time they save. Second; you will frequently find that a shop that stocks a particular item you need in quantity will often stock other items you need in bulk too. Always double check to ensure they are charging is "reasonable". Some stores use on low-cost items as a "hook" which is when one item is priced low and the rest are obscenely high. This is a classic Mall technique (more later) and you should not fall for it. :) Third; when you find a shop like this, add them to your browser's favorites and then revisit them when you need to stock again. Assuming you sell the volume of items to justify it, it's a good idea to neomail the store owner and let them know what items you will need on a regular basis and how much you are willing to pay for them. Often the owners will undertake to buy the items in bulk and put them in their shop at the agreed price. You should consider building up a network of several such suppliers. Fourth; The faster an item sells the more of it you should stock. In general, stock 5 to 10 of items that sell quickly and 3 to 5 of more expensive and slower moving items. A handy tip is that stocking in certain multiples makes it easy to quickly determine what needs restocking. For example, if a book store always has five of every common book in stock and they notice they have only two left or a particular item they know exactly how many more they need to buy. The Four 'P's: Keep your shop's appearance simple and clean. Do not use fancy backgrounds, fonts, animated pictures, moving or flashing text or anything else that could distract your visitors and draw attention away from your inventory. Avoid putting music in your shop like you would the plague. In general your mall banner, a shop banner (or banners) and a limited amount of clickable text is all that you should need or have. Next remember that first impressions count for everything. How your front page looks and in particular how your first three rows appear is vital to creating an immediate, positive impression. Avoid crowding your front page with items outside your assigned category (if your mall allows you to stock these) since this can create the impression that you are poorly stocked in the kind items they have come to purchase. Also, remember that most people won't scroll down past your first three rows if they are extraordinarily expensive. Instead, ensure that your first three rows of items are priced relatively cheaply which will create the impression that your entire store is inexpensive. Another thing to consider when fine tuning your stock is whether similar items appear together or not. For example, there are four buyable terror mountain scratchcards. These look a lot better and will attract more buyers if they all appear on the same row rather than split across two rows. Two similar items look better in the middle of a row, etc. Sometimes you will need to adjust which items you stock to manipulate how such things work out. Pricing and Profits: As with presentation, pricing is a critical factor in your success. Set your prices too low and you will sell lots of items but for very little overall profit. Set your prices too high and you will sell very few items for a larger profit on the individual item. Either extreme is bad and usually results in reduced profit overall. Instead, you should experiment to find the price at which you can still sell a reasonable number of items at a decent profit margin. To give an illustration ... you can make 10,000np by (1) selling 100 items for 100np profit each, (2) selling 10 items for 1,000np profit each, or (3) selling one item for 10,000np profit. The first scenario is a lot of work and the third is unlikely. A good mall owner would adopt the second approach and then experiment with varying prices. For example, if you dropped your price so that you only made 750np profit per item but doubled your sales as a result to 20 pieces, you would make a profit of 15,000np or 5,000np more than at the higher price. We have already mentioned that lowering the prices on the first three rows can create the impression of lowered prices through the store. It is important to note that prices in malls can impact the perception of shoppers in other ways too. There are a couple of very important things to consider: Pricing similar objects at the same price throughout the store creates an artificial feeling that can put potential customers off. Unfortunately this is very tempting because it saves considerable time and thought on your part. Before falling for this trap, consider when was the last time you walked into a grocery store and noticed that every single piece of fruit was exactly the same price. Some common items to be careful with include bottled faeries and codestones. It's also common to see fixed pricing schemes in stores selling books and cards. Another thing to note is that certain numbers and combination of numbers appear "cheaper" to the majority of people even when they are not. In general, even numbers are better than odd and lower numbers are better than higher numbers. In the case of "1" it being very low makes up for it being odd which means that prices containing the numbers "0", "1", "2" and "4" are generally good. To give an example, the number 2,021np looks cheaper than 1,999np even though it is not. A good mall owner will think carefully about their prices and the impressions they create. Publicity: There are many ways to create publicity for you shop. You can advertise on the Notice Boards, post on the Shop Ads Neoboards, add a shop link to your signature line, organize and maintain a catalog or shop guide, win one of Neopets contest/competitions (ie. Beauty contest, Caption contest, Spotlights, etc.), write articles for the Neopian Times, get your pet and your name on the Gourmet, Bookclub, or the Games High Score Table. The more you make your mark on Neopia, the more opportunities for customers to find you. Advertising on the Notice boards is one of the easiest ways for customers to find you. You do not have to be a participant in a 4 million nps ad to see good results, Notice Board Ads can be purchase for as little as 1000 nps. Attractive, well-placed ads throughout the Notice Boards can be a great boost for sales. Mall Banner Help: This section is to help mall members find people who are like to make graphics. No one should pay or request payment for graphics!!
Available Designers: Guild Banners: If you would like to advertise the guild on your account, feel free to use these buttons. You can also upload them to your own server if you wish :) If you would like your banner to be posted here, simply upload them to a petpage and mail zzzeresatay Made by asain:
Made by seetcandystar:
Made by poochachin:
Made by ickles_:
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