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Topic created : 15.12.2015, 00:45
windps
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Three years with Virtonomics
 
I'm assuming others have the same thing, but I do my research go into a very low or none occupied area, 3-5 game updates later one or more people are in there with higher quality items selling about 1/2 to 2/3's the price and most times below local suppliers. Not only does it kill any profit I can make, I don't see how it maximizes anyone else's, or how people can jump right over me in a few days when I put what I think is a good amount of advertising (maybe too much). I keep my stores elite, some are "Best in town".
 
Why would you go 25-50% below local suppliers and everyone else with higher quality goods? Doesn't this really kill the economy/profit?
 
Anyways, this is a rant I've had in my head for awhile, seems I just do all the work and everyone runs in. These are not tender areas. I also suspect that given I don't have point bought farms and mines (I can't make mine own which is fine) people use the sales to see who has a good market and then come in....I've had that happen more than once. Very cheap IMO. But because points are nearly impossible to get with all the tender players, I guess i'm stuck in this annoying cycle.   

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15.12.2015, 01:00

Last time edited : 15.12.2015, 01:00
TyStuFF
Five years with Virtonomics
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Tovlis babua For contribution to the development of Virtonomics Founder of the city Santander Shagreen, VII-XV places Shagreen, IV-VI, places Founder of the city Rhodes Winner of the Industry Competition in the 'Government procurement' nomination Winner of the Contest for Managers in the nomination Nation's Health
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I'm sorry to hear about your frustration.
 
But as you may realize it's a game full of people with different perspectives and all have a different approach on the things they do. I think the majority of players have a serious lack of economics knowledge, they just want their market share, some money and fun.
 
I think you mainly should ask yourself how you can defend your spot in the game. Probably there are several things about the game dynamics you might not know yet, but can seriously help you perform.
 
For example when I look at your subdivisions page, I see quite a bit of small stores, while bigger stores automatically attract more visitors. 
 

15.12.2015, 01:47

Last time edited : 15.12.2015, 01:52
windps
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Three years with Virtonomics
 
When you say bigger you mean add more departments to one store? Or the size? I was under the impression that one division was better. Might help my Qualification too as I would have a higher workforce in Single stores. 
 

15.12.2015, 02:36
TyStuFF
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I mean the size of the store, it really helps. Also with restaurants, medical centers etc. it helps to attract more visitors, even if you don't fully staff them.
 
The only downside of changing the store size, is a temporary drop of popularity which will resolve over time.
 
Also you can play a bit with the advertising budgets, a few millions instead of just regular TV budget can have huge effects. But you would need to watch out it doesn't demand too many store employees, or overloads your office load. 
 

15.12.2015, 02:47
Jayman
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windps
Why would you go 25-50% below local suppliers and everyone else with higher quality goods? Doesn't this really kill the economy/profit?

You're right it kills profits but I think many people don't realize you only need slightly lower prices to get large sales. I usually sell for at least 3x local supplier price which is still below average when adjusted for quality. 
 

15.12.2015, 03:19
Wuvil
Winner of the Leaders Contest in the nomination Week of perfect Service Winner of the Contest for Managers in the nomination Nation's Health Five years with Virtonomics Winner of the Contest for Managers in the nomination "Knowledge is power!" Winner of the Contest for Managers in the nomination The Standard of Virtonomics
 
That is people who often don't care about getting the most profit as possible out of something, they may for instance get the products very cheap due to owning farms or mines etc, ignoring the fact they could earn more by simply selling it to other people wholesale.
 
I myself have contacted some doing that, most ignore me, a minor few did change their pricing somewhat, some are needlessly insulting in their replies or think I am trying to scam them..., and a fair few don't understand english I suspect.
 

These people rarely have large volumes though, (though it does happen), when the volume is not too large simply getting a bigger store (m3) and good advertising will effectively, more or less, let you ignore the small volume sellers.
In cases where they sell large volumes and have large market share, unless you can convince them that earning less money than they would on wholesale is a bad idea, not much you can do there I think.
 
Do note, In some cases purposely selling at low prices may be beneficial for winning Tenders. 
 

15.12.2015, 05:00
windps
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Three years with Virtonomics
 
One thing I've found if i'm all alone and someone starts up a shop, even if they don't sell much, if the price is way low my sales go down and I need to lower my prices a little bit to get growth back even though the local sales are 80% or more. Like i said though, I find that good balance between volume, profit, and growth. Some one sells 5-10% right away super low and screws me all up. Par for the course I guess. Hard to compete with Q10-Q20 when someone comes in for half the local with Q30-Q45.
 
I almost always sell over local if I am alone or just a few small time shops....and I get volume. It is slower growth though.
 
One thing I've never been able to figure out is the population vs. advertising. If you have 200k in a city does it do much good to have over 200k contacts? So am I just wasting a Million? I guess I could experiment and watch the popularity, but isn't popularity a combination of factors?
 
TyStuFF
I mean the size of the store, it really helps. Also with restaurants, medical centers etc. it helps to attract more visitors, even if you don't fully staff them.
 
Also you can play a bit with the advertising budgets, a few millions instead of just regular TV budget can have huge effects. But you would need to watch out it doesn't demand too many store employees, or overloads your office load.

I will try those things, thanks. To wink 
 

15.12.2015, 11:48
windps
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Three years with Virtonomics
 
Wuvil

 
Do note, In some cases purposely selling at low prices may be beneficial for winning Tenders.

Yeah, these aren't tender spots i'm talking about. If I understand the tender change, they made it so you don't have to show a profit? Makes it all that harder for everyone else to not bottom out if a tender hits your city. 
 

15.12.2015, 14:56
Mike1
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its possible that a player who sells at a price to low isn't aware of it. You could always send a link of that store by pm to the store owner asking to reconsider consider an adjustment. 
 

15.12.2015, 17:54
JustNash
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yes, some players price every item in their vertically integrated manufacturing business at prime cost. Then they can make "ludicrous" profits in their stores at ridiculously low prices.
 
There are some players that sell stuff in stores at prices that are lower than wholesale prices. They are oblivious to the fact that could get more at less effort/cost. Or even worse: they would be better off selling their basic materials or even semi-materials on the wholesale market than use them to produce whatever they're producing.
 
For some products/markets, this is bothersome. But what are you going to about it? Focus on improving what you can change and be strong enough to accept what you cannot change... 
 

16.12.2015, 09:48
One year with Virtonomics
One year with Virtonomics
m:
Sirenevy`j bul`var
 
Give ma cars plz for the great start  
http://virtonomics.com/mary/main/unit/view/4038381/sale ...  
 

16.12.2015, 10:43
windps
Winner of the Contest for Managers in the nomination Nation's Health Winner of the Contest for Managers in the nomination The Standard of Virtonomics Three years with Virtonomics
Three years with Virtonomics
 
JustNash

There are some players that sell stuff in stores at prices that are lower than wholesale prices. They are oblivious to the fact that could get more at less effort/cost. Or even worse: they would be better off selling their basic materials or even semi-materials on the wholesale market than use them to produce whatever they're producing.

I agree. I've started producing much more than I use too, it's less time consuming than stores and you just sell on the open market. Store pricing and adjusting take up soooo much time. I am capped out on animal farms and factories for now, I will have to wait for next level. Not precisely 
 

27.11.2019, 07:17
deekster
Winner of the Contest for Managers in the nomination The Standard of Virtonomics Two years with Virtonomics
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able 1
 
I say nuffin. 
 

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