In MMORPG, equipment has an equal value as the character or more like the equipment is part of the character. And in order to get decent or high tier equipment, one shall understand the market.
Market and economy of games are like a bridge. Turning a blind eye on how market and economy works is like not using the bridge.
ESO gold – a Look into How Market and Economy Works: Demand
Demand is the value of a certain item. Basically, if there is a certain item that is rare and the community needs it, that specific item has high demand, which has a high value. The price depends on the item’s demand value. If the item is relatively new, and the community finds it useful, then, the item is valuable. If the item is easy to obtain, then, it won’t have a high demand.
ESO gold – a Look into How Market and Economy Works: Supply
Supply is the value of item in hand of players. Supply and demand are relative. If the supply is low, demand raises its value. If supply is high, the demand’s value goes down.
ESO gold – A Look into How Market and Economy Works: Strategy
Find an item that has a demand, but possible to get. Items that are useful to players but everyone refuse to hunt. Grind in that area and sell them in the market. There is no way that people are going to ignore the item, except if there is a substitute item that is more convenient to get than the item you are grinding. If this happens, you have to adjust the price in order to fit within the market. More like, there is already a price; you just have to do your homework.
Discuss what you think about market and economy with eso gold farmers in the community of elder scrolls online account users!