Showing posts with label selling. Show all posts
Showing posts with label selling. Show all posts

Sunday, August 16, 2015

How to Sell Your Sweat at 2 PED/k

Are you trying to sell your sweat at 1.3 or 1.4 PED/k over global chat or the trade channel and you get accused of crashing the sweat market by selling so low?  They tell you not to sell your sweat at such a low price when you can easily get 2 PED/k for it, and call you many rude names.

You get told that there are multiple uses of sweat other than for the manufacture of Mind Essence.  Sweat is required in the manufacture of some items, some of which would require 100k of sweat per click or attempt.  So, the only reason that sweat is as low as it is is due to the ignorance of folks like you, who crashes the market by selling sweat at such an ungodly price.

But it is not that you haven't tried.  You have been trying to sell at the recommended 2 PED/k over the global trade channels for days without even a nibble. You tried cooling your heels at Twin Peaks for hours but the local trade chat there is just as dead to your asking price of 2 PED/k.

So, can you really sell your sweat at 2 PED/k?

Yes, you can but you have got to remember a few things.  The current price of sweat is lower than 2 PED/k.  I don't know what the current price is but for the purposes of this post, let's assume that it is 1.4 PED/k.  So, the bulk of sweat will change hands at about 1.4 PED/k.  While you might be able to sell sweat at 2 PED/k, you are probably not going to be able to sell all your sweat at this price.

One thing that I have seen players do is to advertise their price of 2 PED/k over the local and global trade channels, which I feel is very ineffective.  Think about it. The trade channels are full of people selling at 1.3 PED/k and 1.4 PED/k and buyers who are looking for the best deal.  Do you think that your 2 PED/k would result in a sale?

Selling your sweat at 2 PED/k would require a little more finesse than just advertising your price over the relevant channels.  The following are a few suggestions that could work:

  • If you find a player telling you that sweat can be easily sold at 2 PED/k, that player may have an inside line to a player or players who buy sweat at this price.  You could try sending a private message to that player offering a quick profit.  Tell him that you will sell him your sweat at 1.8 PED/k and he can make a quick profit of 0.2 PED for each k that you sell him.

    It would be better not to make such a proposal over public chat since that player may have made a big deal about never selling sweat below 2 PED/k and he would be violating his own principles by buying sweat from you at a lower price.

  • Always have a few k of sweat with you when you are sweating. Keep your eyes peeled on the local trade chat for bids of 2 PED/k or above.  Once you see the price that you want, right-click on the avatar or the avatar's name in chat, and select “Avatar – Private Trade”.  The idea is to be the first to trade the avatar – you can ask how much sweat the avatar wants to buy after the trade request is accepted.

    Even if an avatar announces the intention to buy sweat without stating the price, you could take the chance and trade him quickly.  If the price is not what you wanted, you can always decline the trade.  And anyway, after a while, you will know which avatar buys low and which ones buy high.

  • If you know a player is buying sweat at 2 PED/k, and even if you did not manage the sale, you can send a message and ask if you can be his regular supplier.

    I would be careful with this approach as different people would react differently. Keep in mind that that avatar probably knows that 2 PED/k is higher than the current sweat price and tailor your approach so as not to appear to be taking advantage of the situation.  And, above all, if the answer is no, keep a record of the avatar's name and never ask again.

  • Big Industries have a Sweating Support Initiative (SSI) that buys 1k of sweat from 10 avatars every day.  Every Monday through Friday at 21:00 and 15:00 on Saturdays and Sundays, a BIG representative will purchase sweat at 2.5 PED/k at the OLA42 teleport (290,587).  However, your agility do have to be 40 or below.


Want to start a simple Internet business based on
the ClixSense PTC website?

This ebook can help!


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Related posts:

The Fair Price of Sweat in Entropia Universe - A way to estimate the fair price of sweat through the market price of Mind Essence.

Is the Fair Price of Sweat Really 2 PED/k? - If you want to be fairly compensated for your time and effort in gathering sweat, what should the price of sweat be?

Sweat Tool - Sell Your Sweat at the Best Price - This tool will tell you the most profitable way to sell your sweat.
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Thursday, August 13, 2015

Sweat Tool - Sell Your Sweat at the Best Price

This utility calculates the effective price that you are selling your sweat when you refine it into ME and sell it at the auction or face-to-face trades.

This tool is still under development.  If you have any comments or find any program bugs, please let me know.

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Instructions

Simply enter the values in the Input Parameters section and click the "Click to Calculate" button.  The result of the calculation will be displayed in the Calculation Result section.

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Input Parameters

MU of Force Nexus (%):


Which refiner are you using?


Amount of ME to sell (PED):


Do you want to specify the selling price of your ME by markup or PED?
Markup               PED



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Calculation Result

  
  


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How to Use this Utility

Example 1

If you are selling sweat and are wondering at the most profitable way to sell it, this utility can help.  Let's say you have 3 options:
  • Sell your sweat at 1.3 PED/k.
  • Buy Force Nexus at 104.5% and refine your sweat using a T-101, and sell the Mind Essence at 120% to another avatar through face-to-face trade.
  • Buy Force Nexus at 104.5% and refine your sweat using a T-101, and sell the Mind Essence at 124% at the auction in stacks of 50 PED each..

Sell Sweat Directly
Make ME and Sell to Another Avatar
Make ME and Sell at the Auction
Price of Sweat
1.3
1.26
1.44

In this example, you are most profitable selling your sweat by refining it into Mind Essence and selling it at the auction.


Example 2

If you are refining sweat and selling at the auction, this tool can help you to explore how much more profitable you can be by using a better refiner and selling larger stacks at the auction.  Let's consider 4 scenarios:
  • Scenario 1. You buy Force Nexus at 104.5% and refine your sweat using a T-101, and sell the Mind Essence at 120% to another avatar and through the auction at 124% in blocks of 50 PED.
  • Scenario 2. You buy Force Nexus at 104.5% and refine your sweat using a T-101, and sell the Mind Essence at 120% to another avatar and through the auction at 124% in blocks of 100 PED.
  • Scenario 3. You buy Force Nexus at 104.5% and refine your sweat using a T-105, and sell the Mind Essence at 120% to another avatar and through the auction at 124% in blocks of 50 PED.
  • Scenario 4. You buy Force Nexus at 104.5% and refine your sweat using a T-105, and sell the Mind Essence at 120% to another avatar and through the auction at 124% in blocks of 100 PED.

Make ME and Sell to Another Avatar
Make ME and Sell at the Auction
Price of Sweat
(Scenario 1)
1.26
1.44
Price of Sweat
(Scenario 2)
1.26
1.49
Price of Sweat
(Scenario 3)
1.35
1.53
Price of Sweat
(Scenario 4)
1.35
1.58

As you can see, selling larger stacks at the auction and using a better refiner definitely increases your profitability.  Do note that larger stacks normally sell for lower markup at the auction, so that will mitigate the reduction of the auction commission somewhat.  But if you are refining a lot, make sure you buy a better refiner as it will definitely pay for itself over the long run.


Example 3

If you are buying sweat to refine into Mind Essence, this tool will give you an idea of the price at which to buy your sweat for you to be profitable.


Reference

100 X Mind Essence = 0.01 PED
1 X Force Nexus = 0.01 PED
1000 X Vibrant Sweat = 0.01 PED



Want to start a simple Internet business based on
the ClixSense PTC website?

This ebook can help!


____________________________________________________________________________

Related posts:

How to Sell Your Sweat at 2 PED/k - With a little strategy and patience, you might be able to get a good price for your sweat.

The Fair Price of Sweat in Entropia Universe - A way to estimate the fair price of sweat through the market price of Mind Essence.

Is the Fair Price of Sweat Really 2 PED/k? - If you want to be fairly compensated for your time and effort in gathering sweat, what should the price of sweat be?

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