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Jotobar
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Posted - 2009.04.08 22:22:00 -
[1]
Hi, new to eve but enjoyed the trade part of the game so started an alt on a second account for it. After salvaging a friends lvl4's I got my starting capital of 50mil which I managed to turn into 500mil in about a week to my rejoice. It's still growing but I'm starting to run into obstacles, specificly the size of the market in the two regions I have most of my orders in. I feel I got an edge in my two regions and are on top of lists atleast 50% of the time for the items I trade in which all have decent marginals, I also feel that the bigger size of the market in jita would be offset too much by the competition.
Originaly the plan was to get a freighter or orca for the cash and haul things, however the margins doesen't justify the risk or time in any of the few wares I've sampled, neglecting the training and isk involved to get started.
So, in the real world money makes money, not only in absolute terms but in %, a man with 4bil $ has alot more investment oportunities than a man with 4mil $. In EvE on the other hand I instead see a roof that I'm hitting fast.
I picked trading because things that scale is nice, now I'm looking for suggestions how to realize this, beeing able to have more orders on the market will help but it's still only scaling by a constant factor based on skill training, not on isk.
Any experienced trade (or other) multi billonaires out there with some advice apart from "patience young padawan"?
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RaTTuS
BIG Libertas Fidelitas
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Posted - 2009.04.08 23:00:00 -
[2]
buy stuff fly stuff lose stuff -- BIG Lottery, BIG Deal, InEve |
Dire Radiant
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Posted - 2009.04.08 23:47:00 -
[3]
Skills are isk in a way. Since you are getting such a nice return already, save that up for a bit and buy a trader character with the skills you need.
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Lord Zarcam
Amarr Royal Amarr Institute
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Posted - 2009.04.09 00:24:00 -
[4]
Expand your product line. Always be looking for new products to resell. And slowly increase the value of your product line, dropping the less value products for the more expensive items. So far, the only ceiling I have found is the numbers of slots available to carry new stuff!
In Space, No One Can Hear You Scream! |
Sola Veritas
Minmatar Galactic Master Business academy
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Posted - 2009.04.09 00:37:00 -
[5]
One of my twelve rules:
Think broad, go deep.
(Beyond that, if you have extra money you can always invest it in a reliable IPO, and allow others to make some money on your behalf.)
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Lucius Flaccus
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Posted - 2009.04.09 02:23:00 -
[6]
Originally by: RaTTuS buy stuff fly stuff lose stuff
this.
eve doesnt have enough combat.
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Confuzer
Volition Cult The Volition Cult
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Posted - 2009.04.09 12:40:00 -
[7]
Originally by: Lord Zarcam Expand your product line. Always be looking for new products to resell. And slowly increase the value of your product line, dropping the less value products for the more expensive items. So far, the only ceiling I have found is the numbers of slots available to carry new stuff!
This! Nothing more true.
I went from 200k items to 40mil items and even ships. Number of slots is a ceiling indeed. So I created 5 accounts. I even found a ceiling in howmuch I can manage to click through. So I am saturated for the moment :P ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Dzil
Caldari Elamous Industries
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Posted - 2009.04.09 13:55:00 -
[8]
Originally by: Confuzer
Originally by: Lord Zarcam Expand your product line. Always be looking for new products to resell. And slowly increase the value of your product line, dropping the less value products for the more expensive items. So far, the only ceiling I have found is the numbers of slots available to carry new stuff!
This! Nothing more true.
I went from 200k items to 40mil items and even ships. Number of slots is a ceiling indeed. So I created 5 accounts. I even found a ceiling in howmuch I can manage to click through. So I am saturated for the moment :P
Signed as well. The more capital you have, the more you can get into the bigger items, and even contracts. Take the CN Heavy missle launchers, for example. At a 50m wallet, you could probably buy and resell one at a time. Even with an opportunity to make 10m+ on a single order, it would be a bad idea to invest your whole capital in that one venture. But at 500m+, you can invest some capital in this market without it paralyzing your other operations.
Just always keep in mind - market pvp is still pvp, never invest more than you can afford to lose! :)
(Sorry if I just ran over anyone's business plan)
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Confuzer
Volition Cult The Volition Cult
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Posted - 2009.04.09 14:33:00 -
[9]
Hehehe luckily not mine.
Like with one item I started trading a bit 3 months ago. I make 10mil profit a piece, and had 11bil profit on that item alone already in 3 months while still expanding its potential.
The rest of the items also make profit, but this item already went past the total profit made in 2 years on most of those items :) ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
720
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Posted - 2009.04.09 18:53:00 -
[10]
I ran into this same issue Jotobar. The first billion is easiest, from there it is a little tougher.
I suggest what others have said, broaden your market. Don't just look at ships and modules. There are opportunities in a lot of those other market tabs (ship modifications, manufacturing components, etc). Just be sure to watch the market a bit before you start investing and do your research. If you don't know why someone would buy/sell a commodity, think twice before take a large position in it.
Industry and research (POSes) is another area I have looked into but not yet endeavored in. I'm sure some forum members who work that angle could give you an idea of the profits in those fields
Also as a time saver use courier contracts instead of moving stuff yourself. This alone has shaved significant time off my market business. 1-3% is the norm, but you can go even lower with short jumps or small loads. Lots of Indy pilots looking to make a buck.
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Jotobar
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Posted - 2009.04.10 11:02:00 -
[11]
Thanks for the sound advice, it really does seem it's mostly a matter of common sense which I like. I'm experimenting with expanding the things I trade in and I guess it just takes some time to analyze the sea of products out there. After reading it all I think my current strategy of only trading things that take up close to no space is hopefully sound, once I find a very profitable commodity that takes up alot of space I'll definitly look into contracting, god knows I will happily hand over the task of collecting my socks spread over the galaxy to someone else.
If there's something that I feel haven't been mentioned it's the jita trade vs empire trade vs 0.0 trade. I'm imagining that most of the mining profits come from 0.0, someone mentioned 1-3% in hauling fee, how would this change if it's in 0.0? My guess is it would be more but perhaps not as much as I think if it's a big enough quantity so a jump freighter could make the trip.
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Kazzac Elentria
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Posted - 2009.04.10 12:46:00 -
[12]
Just remember, when you hit the 10-20b mark you'll start to approach order burn out. At least for most people they experience that. Meaning as the size of your escrow increases and the amount of orders you're handling increases the amount of time it takes to processes, track, analyze, etc.. all that information increases as well.
But the nice thing is once you have a nice cushion that large you can start to thin your orders down and focus more on direct manipulation, since for instance with 10b you can pretty easily swing an entire item your way for a day, making anywhere from 5-20% on that item as you sell off stock or take advantage of lowered prices on stock.
And then once you reach the 100b mark you can start to really have a lot of fun. Like screwing up implants for a week, or getting more devious....forcing inventors to stop producing for a week by manipulating a source mat. And then once supply has started to thin on that invented item(s), buy up and relist. |
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