10% Market Commission Cost

Guest · Post by **Guest** » 26.11.2007, 20:07

It seems that the market would be more flexible and efficient if we paid the 10% transaction cost out of the proceeds from the actual sale, rather than before any sale occurs.

The reason I say this is because by charging the commission first, it makes people stick to a given price and prevents them from adapting to changing market circumstances. People can't adjust their prices without canceling the offer and submitting a new one losing the commission paid on the first offer and having to pay it a second time to post the new offer.

Really what you are charging us now is like an advertising fee, not a brokering commission. I think the market would function better overall (more transactions, narrower ranges and better price "discovery") if the fees were charged on actual sales transactions, rather than on the offers of potential sales.

Guest · Post by **Guest** » 26.11.2007, 22:40

then sell by contract

there is a reason it does that, if you arent a VIP you dont have the "extra" store room in your warehouse i my self have had to sell some stuff to the market to clean out a couple spots, i raised it so no one would buy it for a couple of days, so when i bought it back i had to pay 10% of what i said the price was

no if you want to get rid of it, now you have free warehouse why even have a warehouse if all you have to do is stick your power on the market for 100.00 and when you have to use bring it back

Guest · Post by **Guest** » 27.11.2007, 03:32

farmboy wrote:then sell by contract

Thanks for the tip

Guest · Post by **Guest** » 27.11.2007, 05:27

The reason I say this is because by charging the commission first, it makes people stick to a given price and prevents them from adapting to changing market circumstances.

Well if you're going to answer your own questions!

That's exactly why it's done that way. It makes people think about their actions before taking them. And arguably it makes the prices lower: with the fee up front, you can't just start high and walk it down if it doesn't go.

You're correct on the name though, I suppose. Technically I'd call it a listing fee, and those do exist up-front and non-refundable.

Guest · Post by **Guest** » 30.12.2007, 16:49

i agree in a sense. but think about it, the market is the same as any ploace you buy things really. when do you pay taxes? when you buy it, or when the transaction is made. kapi market kinda represents the stock market, the prices fluctuate, but in the real mrket, you only pay the fees when you actually sell it, which is like we dont pay for buying anything, only selling. if your trying to simulate reality, we should be paying listing and possibly delivery fees, and the buyer, taxes.

what about smaller companies?
this could kill them!
you wait till prices are high to make an offer, so you make more. they cant afford to repost it if prices drop.

Guest · Post by **Guest** » 30.12.2007, 22:19

A more simple solution would be able to "change" the price of your product that is "already" in the market without having to buy back and set a new price.

Guest · Post by **Guest** » 30.12.2007, 23:03

hide wrote:A more simple solution would be able to "change" the price of your product that is "already" in the market without having to buy back and set a new price.

But only lower it of course, since else you'd have to pay a higher fee.