Overpricing and putting items in your shop
There are many ways to overprice, yet still have people buy your stuff.
If you have scratchcards, for like 50np higher than normal, it's a great impulse
item as well. Also christmas petpet paint brushes for like 1000 or 1500
more than normal are great. I sell about 2 or 3 a day at an overpriced
amount.
You can also do map pieces. Here's one shop, my competitor,
loaded13. A competitor because we are in the same grouping
(DLT4). Anyway, he has most pieces at the right price, around
24-25k. However, the pieces, such as the first one, at this time, was
worth only 31k. Anyone coming to his shop to buy one piece cause it was
the cheapest on the wiz might buy other pieces, which might not be the cheapest.
Now the cheap ones, around 24k are the cheapest on the wiz (at the time I took this screenshot, who knows what the prices will be next week or month). The more expensive ones (cause 3 of the pieces are more expensive than the others) are very, very expensive. A lot of unfamiliar people will go to this shop, see hmm, it has cheapest piece for this particular one, the rest must be like that too, and buy up all of them.
This works with all sorts of similar items. Scratchcards, codestones and map pieces are my favorites. Put all (or almost all) in your shop, and have a decent price for each, to where people think "yeah, it may not be the lowest, but I do need 3 of the different pieces, I'll just get it from this shop".
The reason people buy items that are not the cheapest, especially for map pieces, is because you can't search for map piece 1, map piece 3. You just do a general search, so once you're in the shop, you might as well get the other pieces right? It's a great way to make money, if you want to hold a lot of pieces.
You must've had that happen to you before, someone buy items in your shop that weren't the cheapest on the wiz. You can purposely do this, though if you buy like 100 of each piece, you are subject to the wild price fluctuations in neopets, so be careful. They could be worth 24k one week, and it might be worth 26k the next, but it could just as easily be worth 21k.
Remember, price fluctuations are wild in neoland, so be careful. The price might go up from 24k to 26k. But it could just as easily go down, from 24k to 22k. If you have even 20 of each piece, and it drops 2k each, that's:
(9 different types) * (20 of each type) * (2k loss) = 360k that you lost in value, cause you held on too long.
The opposite is true though, if it goes up 2k each, your value increases, though if it really does go up 2k, your pieces would be sold at 24k, not 26k, unless you upped the price at just the right time.
I try not to anticipate price changes, just go with it. Basically, it's because yeah, new wars, supply/demand, neopets screwing with putting items in the hidden tower, raising their price, lowering their price, retiring them, introducing new stuff. Things could go up in value, but it could just as easily go the other way.
Knowing my competitor's prices are key. If you do a lot of map pieces, bookmark your competitors shop, and you can tell what they are selling for. Bookmark those in your group especially, who are in direct competition with you. Therefore you can always tell if your map pieces aren't selling cause they are way overpriced, or just overpriced by 5 points compared to your competitors.
You can also bookmark others who consistently have low prices for the cheap pieces, (but jacked up prices for the more expensive ones). There are very few people who have dozens of each piece who don't have a few of them jacked up in price. This way, they are searching they are searching the wiz all the time to price their items, so you don't have to. Just price your stuff accordingly.
In the picture above, it's my competitor from the DLT4 group, so I can see if he is pricing map pieces below mines. If he is, I could wait till his are sold, then mines will be the cheapest, or I can just make it lower. Normally, as long as its reasonable and still profitable for me, I'll just make my prices lower.
If your shop is too big though, you won't be able to sell a lot of impulse items. That's because they can't find those impulse items. People want to buy what they came to your shop for, and aren't really going to hang around if they don't see anything else that they like. They aren't going to scroll from top to bottom checking for other things to buy.
This is why you should have a gallery on another account. So shoppers can see more of what you are actually selling.
My shop is size 30, and that's plenty. You shouldn't have hundreds of different items cause that is too many to keep track of (and remember the prices), but you can have dozens of the same item if you don't mind the wild price changes.
My thinking is that if your page doesn't load up almost instantly, being able to see all the pictures of all the times, you have too many different items. People hate waiting 10 seconds or 20 seconds for all the stuff to load up, cause shoppers need those pictures. I think most people look for the pictures, not the words of items.