Topic

Want to buy massive quantities of Seasoned Beans, will pay 95% value [Edit: Inactive, thanks to all who sold]

Do you have massive quantities of seasoned beans? Do you like to squeeze dimes out of dollars?

I will pay 95% of their stated value, vs the 75% offered at tool vendor, for your beans.

I was wanting to buy seasoned beans to keep on me for donation purposes, as I'm really bad at remembering to donate. I think I'll need around 1000 beans to keep me going for a bit. I'm trying to get this done in bulk, so if you have 100 or more, and you're willing to sell reply in here. I will probably be back on tomorrow at the same time.

Since this is for donation purposes they need to be the same type of bean. I think fruit tree bean is the most commonly hoarded one, so I'm looking for those, but if you have 500 or more of another type I will buy those.

Posted 5 months ago by Haze Subscriber! | Permalink

Replies

  • I have 500 Wood Tree Beans that you can have for 110k. That is value plus 10%.
    If you have dollars for sale at 95 cents you let me know :)
    Posted 5 months ago by Simplin Subscriber! | Permalink
  • Simplin, I'll think about it, but you're asking for a lot more than I offered.

    As you probably know, the liquid value of any item is 80% of its stated value (the value you can trade in at a tool vendor). Asking for 110% represents a 37.5% markup, which seems a bit high considering the quantities involved.

    Supply demand curve. Volume discount. All that stuff.

    I'll sell you currants for 95 cents on the dollar if you can figure out how to sell any item to a vendor for 100% of its value.
    Posted 5 months ago by Haze Subscriber! | Permalink
  • I think the amount a tool vendor would pay a seller for items is not very relevant here. You are a buyer looking for sellers, not the other way around. What are a buyer's options for buying seasoned beans? The auctions. A quick look at auction history tells us what we might expect to pay for a single wood bean. This is sometimes below the "list value" and quite often well above it.

    In this case your seller is providing you with a pretty valuable service. They are providing hundreds of items that would normally only be available in very small quantities (there are only 5 Wood Tree Beans available at this moment that would meet your pricing requirements). I think it reasonable that they be compensated for providing you this service.

    If I were a motivated seller I suppose I would be happy with anything above what a tool vendor would offer. I guess I am not as motivated as you would like me to be but I'll bet someone out there is. Good luck and thanks for stimulating my noggin as you have. :)
    Posted 5 months ago by Simplin Subscriber! | Permalink
  • I think what the tool vendor would pay a seller for items is absolutely relevant. As you both ought to know, pontificating about The Market, Tool Vendor only buys at 75% list value. He also sells items at 105% their list value, which is tangentially relevant.

    If a player is trying to maintain their volume of donations, is currant-rich, time-poor and item-poor, Haze's practice is perfectly relevant.

    Scouring the auctions for donation fodder on a game-daily basis, while very efficient with regards to currants (80% value! 70% value, some days!), can be considered a waste of time. Especially if you can't garner enough of any one item to throw it into a shrine in one go - which is a problem I come across pretty often.

    Volumes of tuned items? Non-existent. Basic resources? Everyone who's willing to sell values their time so much that scraping off the decently-priced goods is a waiting game. Musicblocks? with 25 different common varieties, I don't exactly feel like wasting a shot of EHSP on the 30 or 40 I might be able to pick up at less than TV value - which, like it or not, is the value many items equilibrate to in the AH. Because the AH is slow, and boring - you need actual demand in order to sell, vs getting your currants back immediately and being able to use them for something else by selling to TV.

    Time is money, too - and not everyone wants to wait an extra day to get 85% (or 110%, heaven forfend!) on one item they could sell unlimited amounts for instantly at 75%. I suppose, Simplin, you'll have your infrastructure in place once vendors are eliminated from the game; I happen to strongly dislike the move towards "real" economies.
    Posted 5 months ago by Stuv Subscriber! | Permalink
  • I couldn't find a salient point in what you wrote Stuv.

    I do agree though that buying cheap stuff and donating it in volume makes perfect sense. I just don't feel inclined to provide the cheap stuff.

    Market value is based and what people are paying, not what the tool vendor is paying.
    Posted 5 months ago by Simplin Subscriber! | Permalink
  • Would you like to buy Awesome Stew? As of right now I have 3000 that I'd be willing to part with. At 95% that would be 190c each.
    Posted 5 months ago by blubbaray Subscriber! | Permalink
  • A couple things, since this turned into more of a discussion thread.

    First off, good to know that tool vendor is 75% value now. I don't really keep up with the changes.

    As Stuv noted, the vendor price is very relevant to the value of items as it's the only place where you can cash in unlimited amounts of items, which is very relevant to someone's excess inventory of a high dollar item. This represents the liquid value, or cash value of an item. In general, if you sell something for higher than the tool vendor price, that's a profit, if you sell it for less, that's a loss. The 'stated value' is more akin to the MSRP or 'sticker price' which has no real relevance at all.

    Since there isn't a daily demand for buying 100's of beans at time, more often than not if someone wanted to sell their excess seasoned beans, they would go to a vendor. I would think most people wouldn't consider putting 100 beans up on auction since they likely wouldn't sell, and they would be charged a 7% listing fee, which is 1050 currants at sticker.

    With the price you set, and allowance to pay for the 7% fee, you would have to charge 235 per wood bean on the auction. Chances are, you will hardly ever be able to sell them at this price, and you would likely have to sell them one at a time as well.

    Considering the quantities involved many would prefer to get a healthy profit on 100s of items, rather than earn an outrageous profit, one item at a time.

    I made an offer to beat the vendors price, by a somewhat significant margin, so that I could get a fair price on beans I could make myself. I just felt like stocking up.

    I'm willing to bet I'm the only person on glitch offering to buy 500 seasoned beans right now, so I actually have a lot of leverage here, but I still offered what I thought was a 18.75% profit (15/80) but is actually 26.67% profit (20/75) (since I didn't know the new vendor rate) because I was hoping to make it worth someone's while to track me down. Considering seasoned beans are mainly labor intensive (energy), rather than resource intensive, this is an even better deal than it looks. An enterprising person could stock up on allspice, gas, and a few beans (or use the thousands they hoarded in SDB's), pop a few no-no powders and eat some meat or awesome stew, and make a quick buck.

    Long story short, I set a very fair price. It might look miserly at first, but it's actually a very good deal. You're obviously free not to take me up on it. Many people have, you likely won't, no biggie.
    Posted 5 months ago by Haze Subscriber! | Permalink
  • Also Simplin, re: "In this case your seller is providing you with a pretty valuable service. They are providing hundreds of items that would normally only be available in very small quantities (there are only 5 Wood Tree Beans available at this moment that would meet your pricing requirements)."

    There are hundreds of players who grind for iMG by constantly crafting beans and keep them for donation fodder, so large quantities of seasoned beans are not hard to come by. Having 100's of beans on hand is not a strikingly unique or valuable service that merits an excessive markup.
    Posted 5 months ago by Haze Subscriber! | Permalink
  • This sounds like a good deal to me, Haze. I have 500 fruit tree beans that I made to get the Img of crafting and never got around to donating.
    Posted 5 months ago by Vocable Subscriber! | Permalink
  • Thank you for corroborating, reinforcing and clarifying my statements, Haze, which is what I intended to do for you.

    Simplin, if you found nothing salient about my post, I'm glad. Strictly speaking, that means I wrote a cohesive and clear argument with no outlying aberrations. But to address your two points, or at least, paragraphs:

    -You agree with the practice, but aren't inclined to be the supplier. So why did you post? I don't think anyone was asking you, personally, to be a more motivated seller. Haze's principle was sound; do you respond to everyone's threads in Marketplace, saying "Oh, I get what you're trying to do here, but I don't feel like completing that transaction, even though I could."?

    -Market value is a function of supply and demand. When supply meets demand, the equilibrium price point is reached. The price mechanism is just less granular in higher-value items. The listing fee, when combined with the low turnover in people buying beans to actually use them, means that the AH serves the market for higher-value items less effectively than for lower-value items. Even so, take a look at Ecurnomics.com.

    Given sufficient supply, all prices above a certain list value will equilibrate towards TV buyback value. Shortages bring the price above that, and surpluses push the price below that. Items below this certain value equilibrate towards a measure of currants per unit of time. This explains why allspice and beans tend to hang around 6c; based on treesource harvesting rate, that's what you need to earn in order for harvesting to be worth roughly the same as nibbling piggies, a highly profitable action with minimized barriers to entry.
    Posted 5 months ago by Stuv Subscriber! | Permalink
  • Speaking for myself, I was very happy with Haze's offer. I had made a lot more fruit tree beans than I used for donations, and now I still have some beans left over but I also have a bunch of currants to spend. Thank you, Haze!
    Posted 5 months ago by Vocable Subscriber! | Permalink
  • Good read.
    Posted 5 months ago by Rook Subscriber! | Permalink