In this video, we’ll go over some common mistakes that new players make in the economy of Final Fantasy XIV that cost them millions of gil…and we’ll go over some chances you don’t want to miss to make some gil back!
00:00 Introduction
00:12 Tax Fraud 101
01:35 Check Vendor Prices
03:21 Use Reasonable Stack Sizes
04:46 Undercutting Responsibly
05:51 Don’t Get Pressured into Selling
06:19 Use Marketboard Favorites
07:02 Don’t Waste Allowances
08:57 Don’t Waste Treasure Maps
11:15 Outro
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Something I forgot to add for the point regarding vendor prices is that, of course, sometimes the items you can get at a vendor are Normal Quality when the items on the marketboard are high quality…I still think the people buying these items don't know that they can get a marginally worse item from a vendor and it will make almost no difference when leveling.
very helpful, i love this type of content.
Endgame tip: DO NOT OVERMELD! Unless you’re planning to do shit loads of crafting, do not overmeld anything. It will never be worth it, you’ll waste millions if not tens of millions.
Yes! Please! More gazelle skin maps on MB! I buy at least 3 a day and I would not mind the price drop ^^
I would not have guessed this video was unscripted, but I can tell now that you’ve pointed it out. I enjoyed it though, it wasn’t rambling at all. It was well edited, and I don’t know if you had a rough outline or just started recording with a really strong idea of what you wanted to say but it worked well here.
the market board is the pvp zone
Eureka orthos crashed many of the storm blood weapons because people were getting them in gold sacks. What's funny is I refused to drop my price on the summoner weapon from the Phoenix chick as they were trying to sell it for 100,000s less than what it normally sells for. Left it up and people sold theirs for like 20,000 meanwhile mine sold after theirs for 640,000 which is still less than it sometimes went for as her weapons are super popular and sometimes cost way more than endwalker weapons. These idiots have dropped some prices from the 400,000 to 10,000 and I've been tempted to buy some just to make a profit later. I'll never understand people who just not only undercut by so much but will ruin their own potential at a profit.
i have question, is the tax rate reduced permanently for each city state? or do we have to juggle retainer's location to a set of hours/days?
Can you regularly find the high quality on the market? I’ve been making the high qualities and selling em
Re: undercutting by one gil, I go a bit out of my way to buy items that end with a bunch of zeros rather several nines and an eight. It's pointless, sure, but so is the difference between 10 million and 10 mil minus 1, and I'm not going to purchase as though I think it's a meaningful difference.
Let's not pretend undercutting by 1gil is anything other than a means to wedge your item before someone else's on the board. And hey, that's fine – but you don't get to do that and then turn around and chastise a player who responds by having none of that and tanking the price or even flooding the market. You screwed them and couldn't handle when they hit back. If it truly wasn't a big deal like you make it seem, you would have no problem matching their price or even selling for 1 gil MORE than them.
I have realized, that the price of some items on the market board is a real mess… especially when it comes to beginner items… often feels like a rip-off
What is this inventory it is so empty and clean this… D:
If you are farming why does it matter? The person that is going to flip out buy the item for cheaper, and sell it at their price. People ripping people off
To prepare for talks some people write out the whole thing. Apart from a few, this usually leads to terrible to listen to talks.
An alternative that works better for most people is to have a list of points they want discussed in a sensible order.
But it depends on the content. If you easily ramble, you should probably curate your talk more. If you sometimes freeze up, having a more developed text is probably better. If you are emotionally invested, you probably have to write out your spoken text.
This video was unscripted? Could have fooled me. =O (Well done!)
2:30 so you're saying… I could nab Clear Demimateria for Doma Reconstruction 🤔
Never would've thought to do treasure maps, would probably make doing daily trade-ins for xp alot easier on my gil
I haven't finished Endwalker yet but my carpenter is 90. I'm doing the A real grind leve and making horse chestnut grinding wheels at hq for around 10k gil. The materials aren't a huge amount especially if you check other world prices and go where it's cheaper to buy. You can even sell the materials on your mb for a profit.
about selling things in smaller stack sizes, if you expect people to want to buy 5 then put up a stack of 6 or 7. most are willing to buy 1-2 extra instead of waiting for the right amount stack
Hard disagree about "undercut responsibly".
The people who get mad about that are no-lifers who pretend that it's an equal playing ground when they can log in ten times as often and keep an eye on the prices and immediately undercut again. They're mad that they can't retain their advantage of logging in more often than you to keep undercutting you again by 1 gil ASAP. When they tell you not to undercut by more, that it's "impolite", they're trying to socially manipulate you into participating in the market in the way that is more advantageous to them, usually by pretending it's not any more advantageous to them than to you.
One person selling one lot for a few hundred gil less doesn't "crash" the market. It just makes the item sell a bit faster by making it less likely that other people undercut you – other people will see that there's only one cheap lot and decide to just undercut the rest rather than undercutting the one extra-cheap lot.
The only time it crashes the market is when the market was artificially inflated. Undercutting is just how markets find equilibrium.
You undercut by hundreds or thousands of gil when you want something to sell quickly or you won't be able to log in as often and check. It is a perfectly rational thing to do. The fact that other people don't like it is their problem – if they don't like participating in a market without price-fixing, they shouldn't participate. It's rare that they throw a fit and crash the market, but if they do they're just cutting off their nose to spite their face.
I thought for my first month of using retainers that the already entered number when putting something up for sale was the price they were going for. I was selling stuff for 1/10th or even 1/100th of the actual price. So much gil lost
That's a bit of misinformation on the selling of gear on the MB. The NORMAL QUALITY gear sells from a vendor for the amount on the tooltip, but every example you showed was HIGH QUALITY. The ones that were cheaper than the vendor price are probably rewards from the MSQ that people don't need and are selling on. The ones that were far over the vendor selling price are probably only craftable.
Obviously you really don't need to pay that much for levelling gear, you will out level it so quickly, but there was a valid reason for it, it certainly wasn't a scam.
4:22 personally, I use the "split" option if it's a pretty high number of items, so I can just hit 5/7 on my keyboard to enter an amount and then I sell the individual stacks at what ever rate. I sometimes offer a slight discount if I want to sell a large quantity.
Solid pointers for every kind of player 👍
On undercutting I usually just take 10% off the lowest price and sell.
I will tell you one very specific economical mistake i made a few months back. Do not put your newly pentamelded gear into the glamour chest so you can make a copy of the appearance. ALL your materia will be destroyed.
Undercutting by one gil is all well and good until you realize that your competition is a bot that undercuts you exactly every 30 minutes 24/7… 😮💨
Good video though, Jolsn! I feel like more people need to learn about that stack splitting thing!
I’m like level 24 and just made 10 million a few days ago, it’s so easy to make money in this game
"Mistakes New Players Make in FFXIV's Economy" … yes, yes! Only new players! Not me, of course. I would never forget about leve quests. Again.
So you're saying I should craft a crap ton of Tsai to Vounou and sell them at say 2600 a piece (aka 8000 for every 3), so people are still making 2k profit? Sounds good to me.
5:25 I'm sorry but I'm that person, if I get cut by 1gill in housing items I will craft like 5 of the same item and cut by 5-10k and so on then I wait until everything is sold and leave that niche for a week when the prices are up again or I just buy theirs when they low the prices too much then relist them higher again when there's no competence
got some good pointers there, thanks.
This format is great, if it suits you better, keep it.
Longer videos are a plus for me. If unscripted is less work, and there's more to watch/listen to, than I'm happy with that.
selling under the vendor value, its even better once you unlock the doman restoration when you can get upwards of double the vendor value by putting it in the donation basket. I usually grab thousands of allagan coins this way and still make back considerable amounts of gil. you sell a coin that vendors for 100g on the board for 50g, I buy it then donate it for 200g. XD
Noooo my tea business😂
you can't access some vendors before you reach the apopriate MSQ, but can reach those levels easily if you're only playing one or two classes, in which case ignore what he's saying about equipment