aj2000
16-05-2004, 11:24
To those of you who didn't follow the two previous long @$$ thread ( chapter 1:"banking", and chapter 2:"DSE diablo stock exchange interest") that led up to the first step in forming the DEA (Diablo Exchange Agency), I'll provide a summary of the ideas and discussions that led up to this point. Those of you that already read the two full threads can skip this part. Go directly to my 1st reply, as I am replying to myself with the actual new draft for DEA.
Summary begins:
In the very beginning, I bought many items at a discount from rich ppls and resold them for more pgems/runes while using some of them myself. Ultimately this turned into today where I place 300+ pgems orders with rich mfers to stock me as a significant discount, they save hours of spam and trade, I make a hefty profit, and noobs get to use something they really needed, which woulda rotted on mules of the rich mfers.
Then I thought, pgems is very liquid (easy to trade for its value) but cannot buy higher end items due to 40 spaces trade limit. Why not form an exchange service that change pul to pgems and vice versa, that also gives me a bit of profit in return? The problem is that 40 pgems are like pennies, you can buy many small-mid items with them, whereas pul is like a 50 cents coin, and you can't break that up for a smaller item. So i thought of the exchange, This will bridge the gap and allow poor players who can't mf a chance to save up for items with an umph. Here is the very first idea i proposed:
I'll act as an currency exchange and stock plenty of the following:
400+ Pgems
20x Pul
6x Um
Which seems to be the most stable form of currency.
And I'll exhange Pgems into um/pul and vice versa, at a small handling fee.
The price exchange will be based on the price guide I wrote, being updated periodically.
Example according to my guide:
Pul = 35 pgems
Um = 70 pgems
So you can buy Puls or ums from me for 40 pgem / 80 pgem.
Or buy 35 / 70 pgems from me with pul / um.
And the rate can change according to whichever way the market demand shifts to.
If successful I can incoporate ss / shako / other stable crafting supplies such as jewels / ral / amn / sol to the exchange cycle.
Refer to the "banking" thread for the full discussion.
Then I proceed to an idea of forming a clan sort of thing, where I spelled out some of what this clan is all about, the DEA, Diablo exchange agency.
So here is a rough rough draft of what the DEA is about
There will be two segment to DEA which will be explained here:
A. currency exchange
B. distribution business (what I've always been doing)
The redistributor service I provide now is a totally different business then an currency exchange, which is a bank service. So basically the DEA really has two branchs, an exchange service and a redistributor business segment. They just so happen to synergize well together in terms of business sense hehe.
If you don't know me, then heres a breakdown of what i do:
I buy a bulk of items from suppliers, 120-300+ pgems deals, for a bunch of stuff, I then resell them into mainly: More pgems, runes pul/um, trade up for items that sells for more and faster. That's the basics of my redistribution service. The supplier saves time (not having to spam in channel all day and doing the trades and mules and what not @_@), and I make a profit. Its all good.
Mission Statement:
Segment A
A. Provide a currency exhange service
B. Stabilize prices of currency items and other commonly traded items.
C. Have fun
Segment B
A. Improving the ease of trading for all parties through redistribution service.
B. Make a profit
C. Have fun
Various responsibility:
Customer contact: going to all major forums and posting sales/exchange service, 1 person in channel at most times handling exchange and redistibution.
Supplier contact (Finding big time mfers and make them understand why this is good for everyone involved), also arranging purchase deals. Stimm/Jb my two homes
Communications: communication of all members, might be a website, a forum where we congregate, also setting up a channel on bnet might be good idea.
DEA internal affairs Honesty trust system does not work all the time, although we'll try to implement detailed accounting system (Econ this is all you) to keep track of all income and item stats and item numbers...etc, and internal security controls (accounts password management for example, just ways to tell if anyone stole what and to prevent dishonesty behavior)
External awareness + planning Checking hack forums periodically to protect DEA from disaster. Notice trends of changes in price and general relevant changes, then information is to be shared to the DEA through xxx(see communications) and specific information passed to the right person to change our policies in order to adjust. (for example: changing the exchange rate to balance supply and demand)
Update of a price guide every week. on our website or a forum.
Still thinking
Rewards:
- You'll be given a Pgem dividend base on a our total income, factored in with your contribution in the period (we'll find some way). which we'll keep on the books, of which you may spend to get Puls/ums/items with.
- The usual clan benefit, private clan games, runs, connections, oppurtunities, a group of homes you can trust.
- Usage of all items in redistribution pool, must return when your done or if customers requested last copy of it.
- You may buy the item at any time and at a small membership discount.
This is a great feature because basically you'll have a huge pool of item at your trading disposal, if you spot a good deal somewhere, and you dont have the items, take a visit to the DEA vault and pick em up, then take the good deal. Or buy it yourself to complete the set! You'll have 1st dips on the incoming supplies at all time. Also I've been offered arrangements for buying higher end items like Tal armor, wf, +2 valor ...etc the sale of these items might be available to members only.
- You may exchange gem/rune at a small membership discount rate.
Of course to the really rich ppl this really don't mean anything for you, but do become an associate of DEA. It will provide you with many convient arrangements, such as redistribution and hooking up with ppl you can trust to say character lvl for you for a reward a member likes, and I'm always up to an idea or two (suggestions taken) in terms of ideas and arrangements that make your diablo experience better.
Stress points:
-A somewhat formal control sturcture because DEA does deal with very technical and complex accounting of trades and rewards, BUT I want the atmosphere to be light and causal, to best possible for members to just have fun, up to the point of not exploiting this motto, as there are some work and from what i understand a formal sturcture neds to be worked out. But hey rough draft, so no worries to balance this issue.
-We're here to Have a good time and enjoy the game, sometimes when we became start to have lotsa good items in D2 we lose sight of the fact that we'll playing this game to have a good time.
-We want good members, mature, somewhat responsible, understanding...etc yap yap yap. So strict memberships, most likely limited to the people of this channel with a good history. for non-forum interest, they will have to register and go through a review period ...etc.
-I hope you like to trade, you'll be doing lots
emergency measures:
vs hack
Monitoring of a few big Diablo hack forum, when a hack that adversely affects DSE is loose, DSE will stop all transaction until further notice.
Bankrupt
If too many people trade in pgems for pul, we'll have say 3000+ pgems and 0 pul. I'm thinking on this one, as im sure people find a lot more 40 pgems then pul for example. This is have to be played around with.
That is all, and this is a rough rough draft.
heres some important stuff we discussed in the thread:
Accounting for goods and sales:
The problem is that the items we get all have different prices, they even change from supplies to supplies, so we'll have to track individual cost to these suckers (thank you excel). Also to keep the items that are IDed where %ed res ...etc matters, we'll have to record that as well. Then once they are sold we have to ensure that we know how much they sold for. Then at the end of say each day we'll record any items sold and find the gross profit (total sales - cost of goods sold), while keeping track of which items are sold in order to update sales list. A good account system along with good security measures will help ensure that there'll be less errors or shady dealings.
Member quality issue might arise once DEA gets bigger then say 5 or 6 people and incorporate non-forum members. Though I don't think it'll be that big an issue with just us forum goers.
Spotted problems:
When a DEA member is selling in the channel and finds a buyer, he can easily buy the item at a discount himself and resell it for that problem. Also he can sell items for a little more and keep the difference. For the 1st part, I have a good solution too (in my next draft), as for the second part, still working on one.
Another idea to you rich suppliers:
Salesman service
You can create an account full of mules, and fill each of their stash with stuff your trying to turn into pgems. We log onto this account and sell the crap for you, while taking say a 33% profit on each item we sell. If we have enough interested members then we can also include this service.
Though there is a long term weakness in the idea, if the DEA causes an increased effort of gem hunts, more gems = more skill gc, and price of skill gc will go down, causing item to become more valuable relative to skill gc, which will make pgems' value to go down, that'll crash the whole exchange and redistribution segment as it revolves around a currency with theoretically unlimited demand (pgems). But thats too long down the road to worry, and who know how long this will last (if it even begins).
For full disscussion and replies refer to the "DSE diablo stock exchange interest"
SUMMARY END
There's the summary, so people don't have to go through the two threads and read everything. Although it'll help you understand a little more if you do go through them.
In 5 minutes I'll reply to this thread w the new draft and new ideas, and an status update on how I'm coming along in terms of starting this Organization.
Summary begins:
In the very beginning, I bought many items at a discount from rich ppls and resold them for more pgems/runes while using some of them myself. Ultimately this turned into today where I place 300+ pgems orders with rich mfers to stock me as a significant discount, they save hours of spam and trade, I make a hefty profit, and noobs get to use something they really needed, which woulda rotted on mules of the rich mfers.
Then I thought, pgems is very liquid (easy to trade for its value) but cannot buy higher end items due to 40 spaces trade limit. Why not form an exchange service that change pul to pgems and vice versa, that also gives me a bit of profit in return? The problem is that 40 pgems are like pennies, you can buy many small-mid items with them, whereas pul is like a 50 cents coin, and you can't break that up for a smaller item. So i thought of the exchange, This will bridge the gap and allow poor players who can't mf a chance to save up for items with an umph. Here is the very first idea i proposed:
I'll act as an currency exchange and stock plenty of the following:
400+ Pgems
20x Pul
6x Um
Which seems to be the most stable form of currency.
And I'll exhange Pgems into um/pul and vice versa, at a small handling fee.
The price exchange will be based on the price guide I wrote, being updated periodically.
Example according to my guide:
Pul = 35 pgems
Um = 70 pgems
So you can buy Puls or ums from me for 40 pgem / 80 pgem.
Or buy 35 / 70 pgems from me with pul / um.
And the rate can change according to whichever way the market demand shifts to.
If successful I can incoporate ss / shako / other stable crafting supplies such as jewels / ral / amn / sol to the exchange cycle.
Refer to the "banking" thread for the full discussion.
Then I proceed to an idea of forming a clan sort of thing, where I spelled out some of what this clan is all about, the DEA, Diablo exchange agency.
So here is a rough rough draft of what the DEA is about
There will be two segment to DEA which will be explained here:
A. currency exchange
B. distribution business (what I've always been doing)
The redistributor service I provide now is a totally different business then an currency exchange, which is a bank service. So basically the DEA really has two branchs, an exchange service and a redistributor business segment. They just so happen to synergize well together in terms of business sense hehe.
If you don't know me, then heres a breakdown of what i do:
I buy a bulk of items from suppliers, 120-300+ pgems deals, for a bunch of stuff, I then resell them into mainly: More pgems, runes pul/um, trade up for items that sells for more and faster. That's the basics of my redistribution service. The supplier saves time (not having to spam in channel all day and doing the trades and mules and what not @_@), and I make a profit. Its all good.
Mission Statement:
Segment A
A. Provide a currency exhange service
B. Stabilize prices of currency items and other commonly traded items.
C. Have fun
Segment B
A. Improving the ease of trading for all parties through redistribution service.
B. Make a profit
C. Have fun
Various responsibility:
Customer contact: going to all major forums and posting sales/exchange service, 1 person in channel at most times handling exchange and redistibution.
Supplier contact (Finding big time mfers and make them understand why this is good for everyone involved), also arranging purchase deals. Stimm/Jb my two homes
Communications: communication of all members, might be a website, a forum where we congregate, also setting up a channel on bnet might be good idea.
DEA internal affairs Honesty trust system does not work all the time, although we'll try to implement detailed accounting system (Econ this is all you) to keep track of all income and item stats and item numbers...etc, and internal security controls (accounts password management for example, just ways to tell if anyone stole what and to prevent dishonesty behavior)
External awareness + planning Checking hack forums periodically to protect DEA from disaster. Notice trends of changes in price and general relevant changes, then information is to be shared to the DEA through xxx(see communications) and specific information passed to the right person to change our policies in order to adjust. (for example: changing the exchange rate to balance supply and demand)
Update of a price guide every week. on our website or a forum.
Still thinking
Rewards:
- You'll be given a Pgem dividend base on a our total income, factored in with your contribution in the period (we'll find some way). which we'll keep on the books, of which you may spend to get Puls/ums/items with.
- The usual clan benefit, private clan games, runs, connections, oppurtunities, a group of homes you can trust.
- Usage of all items in redistribution pool, must return when your done or if customers requested last copy of it.
- You may buy the item at any time and at a small membership discount.
This is a great feature because basically you'll have a huge pool of item at your trading disposal, if you spot a good deal somewhere, and you dont have the items, take a visit to the DEA vault and pick em up, then take the good deal. Or buy it yourself to complete the set! You'll have 1st dips on the incoming supplies at all time. Also I've been offered arrangements for buying higher end items like Tal armor, wf, +2 valor ...etc the sale of these items might be available to members only.
- You may exchange gem/rune at a small membership discount rate.
Of course to the really rich ppl this really don't mean anything for you, but do become an associate of DEA. It will provide you with many convient arrangements, such as redistribution and hooking up with ppl you can trust to say character lvl for you for a reward a member likes, and I'm always up to an idea or two (suggestions taken) in terms of ideas and arrangements that make your diablo experience better.
Stress points:
-A somewhat formal control sturcture because DEA does deal with very technical and complex accounting of trades and rewards, BUT I want the atmosphere to be light and causal, to best possible for members to just have fun, up to the point of not exploiting this motto, as there are some work and from what i understand a formal sturcture neds to be worked out. But hey rough draft, so no worries to balance this issue.
-We're here to Have a good time and enjoy the game, sometimes when we became start to have lotsa good items in D2 we lose sight of the fact that we'll playing this game to have a good time.
-We want good members, mature, somewhat responsible, understanding...etc yap yap yap. So strict memberships, most likely limited to the people of this channel with a good history. for non-forum interest, they will have to register and go through a review period ...etc.
-I hope you like to trade, you'll be doing lots
emergency measures:
vs hack
Monitoring of a few big Diablo hack forum, when a hack that adversely affects DSE is loose, DSE will stop all transaction until further notice.
Bankrupt
If too many people trade in pgems for pul, we'll have say 3000+ pgems and 0 pul. I'm thinking on this one, as im sure people find a lot more 40 pgems then pul for example. This is have to be played around with.
That is all, and this is a rough rough draft.
heres some important stuff we discussed in the thread:
Accounting for goods and sales:
The problem is that the items we get all have different prices, they even change from supplies to supplies, so we'll have to track individual cost to these suckers (thank you excel). Also to keep the items that are IDed where %ed res ...etc matters, we'll have to record that as well. Then once they are sold we have to ensure that we know how much they sold for. Then at the end of say each day we'll record any items sold and find the gross profit (total sales - cost of goods sold), while keeping track of which items are sold in order to update sales list. A good account system along with good security measures will help ensure that there'll be less errors or shady dealings.
Member quality issue might arise once DEA gets bigger then say 5 or 6 people and incorporate non-forum members. Though I don't think it'll be that big an issue with just us forum goers.
Spotted problems:
When a DEA member is selling in the channel and finds a buyer, he can easily buy the item at a discount himself and resell it for that problem. Also he can sell items for a little more and keep the difference. For the 1st part, I have a good solution too (in my next draft), as for the second part, still working on one.
Another idea to you rich suppliers:
Salesman service
You can create an account full of mules, and fill each of their stash with stuff your trying to turn into pgems. We log onto this account and sell the crap for you, while taking say a 33% profit on each item we sell. If we have enough interested members then we can also include this service.
Though there is a long term weakness in the idea, if the DEA causes an increased effort of gem hunts, more gems = more skill gc, and price of skill gc will go down, causing item to become more valuable relative to skill gc, which will make pgems' value to go down, that'll crash the whole exchange and redistribution segment as it revolves around a currency with theoretically unlimited demand (pgems). But thats too long down the road to worry, and who know how long this will last (if it even begins).
For full disscussion and replies refer to the "DSE diablo stock exchange interest"
SUMMARY END
There's the summary, so people don't have to go through the two threads and read everything. Although it'll help you understand a little more if you do go through them.
In 5 minutes I'll reply to this thread w the new draft and new ideas, and an status update on how I'm coming along in terms of starting this Organization.