| Redisplay Messages: Compact | Brief | All | Full Show Messages: All | Without Replies| Author: | theona7  | | Posted: | Mar 22, 2017 14:39 | | Subject: | Re: price overview when buying a wanted list | | Viewed: | 56 times | | Topic: | Suggestions | |
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| In Suggestions, TokerSays writes:
| | In Suggestions, Pher writes:
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(snapped)
It is a partly random number that influences the feeling of a buyer whether a
deal is good or not. I usually don't use this feature because I have other
priorities when buying.
Imagine you buy a pack of apples. Every month. They cost always 2$. One day they
offer leftovers or promotion-bags or whatever you can imagine better. The bag
costs now 0.10$. From now on you will always see a 2$ (1.68$ average price, +18.8%)
tag beside the apples.
What does this help you? What does it do to the market?
Please think about it. You might find some answers in yourself.
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I don’t buy one apple. I buy lots of apples. I buy lots of different kinds
of apples. Lately I’ve been buying pearl gold apples because I’m working on
a pearl gold apple pie. Every day I would come over to the Orchard and buy these
apples and they’re always $2.00. Every day when I go to purchase these apples
I would see their price at $2.00 and next to it I would see average price, which
was also $2.00. One day someone shows up at the Orchard with left over pearl
gold apples from the pearl gold apple pie that they baked and they’re listing
their pearl gold apples for $0.10. That’s a great deal! It’s so great that
someone buys them right away and it drags the average price of pearl gold apples
to $1.05 ($2.00 plus $0.10 divided by 2. I’m not sure where $1.68 came from
but the premise is the same). So today I show up at the Orchard to buy my pearl
gold apples and I see a price of $2.00 and an average price of $1.05. $1.05?!
Well I want the $1.05 apples so I look around and I can’t find them. Someone
purchased them yesterday. They didn’t actually purchase $1.05 pearl gold apples
they purchased $0.10 pearl gold apples but I don’t know that. It’s a $0.95 difference
and I’m committed to my pearl gold apple pie so I purchase the $2.00 pearl gold
apples. The average price just went up to $1.36. Another apple seller shows
up at the Orchard and they have pearl gold apples they want to sell. They go
to list them and they see that the average price is $1.36 and they laugh and
laugh. They say to themselves ‘There is no way I can list my pearl gold apples
for $1.36, what exactly are pearl gold apples going for?’ So they look and they
see that only one seller has pearl gold apples and they’re selling them for $2.00.
The seller says to themselves ‘I can’t list my apples for $1.36, I’ll never
make a profit. But I can list them for $1.75. It’s a little lower then I’d
want and it’s higher than the average price, but it’s lower than listed price
so I know I’ll move them faster and still make a profit.’ I come back to the
Orchard because I am obsessed with my pearl gold apple pie, it’s gonna be the
best pearl gold apple pie ever! I see pearl gold apples for $2.00 and an average
price of $1.36. That’s different than yesterday, the average price changed.
There is movement in the pearl gold apple market. I’m going to move with it.
I look around and lo and behold I find $1.75 pearl gold apples. I buy them.
The average price just went up to $1.46. Another seller shows up with pearl
gold apple pies and this seller has got promos. They go to list their pearl
gold apple pies and see the average price of $1.46 and they laugh and laugh and
they say to themselves ‘There are 2 sellers out here with pearl gold apples and
pearl gold apples are not special, I got promos I can list these for a $1.00
and make a profit.’ The average price drops again to $1.37. The market is saturated
with pearl gold apples and the average price keeps dropping. I show up and I
see pearl gold apples for $2.00, $1.75 and $1.00 with an average price of $1.37.
Everyone has been buying the $1.00 and dude only has one left. Today I need
2 pearl gold apples. So I buy 2 pearl gold apples from the $1.75 seller. Don’t
you know the average price went up again to $1.48. At this point the $2.00 pearl
gold apple seller is like ‘This is ridiculous. Pearl gold apples are not a $1.48,
I have been selling pearl gold apples for $2.00 since Britany shaved her head.
It’s not fair that the market has become saturated with pearl gold apples.
It’s not fair that other sellers are able to sell pearl gold apples for less
than $2.00 and still make a profit. I should make the profit. I was here first
and I know the true value of pearl gold apples.’ So he just leans back and watches.
Everyone is buying and selling pearl gold apples left and right. It’s a booming,
bustling market and it’s moving on without him. He keeps watching and he notices
the market isn’t as saturated with pearl gold apples anymore. Everyone has been
buying them cheap and inventory is running thin. And the $2.00 apple seller
says to himself ‘I know the true value of pearl gold apples. The true value
is $5.00.’ I show up at the Orchard and I see pearl gold apples for $0.10 (dude
is back with more leftovers), $1.00, $1.75, $5.00. This market is crazy, this
market is out the box. I need some type of guide to tell me what’s what because
dude with the $0.10 only has 1 left, dude with $1.00 has 2 and $1.75 dude has
1. The $5.00 pearl gold apple seller has 50 pearl gold apples. So I look at
the average price of $1.48 and that $1.48 tells me that in the last 6 months
the market was saturated with pearl gold apples. Pearl gold apples will probably
never sell for $1.48, it’s an average price not an actual price. I know this,
I’m using the average price to gauge prices. And that average price tells me
that pearl gold apples are nowhere near $5.00. So I walk away. I come back
the next day and the average price is gone. I see 1 or 2 apples selling for
dirt cheap and I see 50 selling for a $5.00. If I was new I was assume that
the average price of pearl gold apples was $5.00 because that’s what the market
is saturated with – expensive pearl gold apples. But I’m not new. I’ve been
to this Orchard before and I remember that the average price is about $1.48.
So I look over at the $5.00 pearl gold apple seller and I’m like “What’s up
with the price? Isn’t the average price about $1.48?” The $5.00 pearl gold
apple seller looks me right in the eye and stone cold says “The average price
is an arbitrary number and is not the true value of pearl gold apples. I know
the true value. The true value is $5.00. If you don’t want to pay $5.00 then
you don’t know the true value and you don’t want these pearl gold apples bad
enough.”
I just look back at him and blink.
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Enjoyed this post, and the conversation in general. I buy apples, selling only
what I can't eat and only to buy my other ingredients.
The quick average comparison helped buying the most apples and other ingredients
for my money. Now I have to check averages manually, I might pass on one vendor
just because their butter is higher and since I just use that as my test, I shop
elsewhere where the apples and butter are always cheaper (big box); but at the
first vendor the flour and nutmeg are in fact cheaper.
In the end, can't see how this helps the buyer, only those looking to profit
and do not enjoy LEGO as a hobby.
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Canada, Ontario
