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Lord Wong
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Posted - 2010.12.08 17:40:00 -
[1]
Hi guys, I mine a lot, but mainly at edge of highsec, so not the greatest of ores, the question is, should I just sell the ore? Or should I go into manufacturing? I have a few BPO's of lower level ships (Frigates, cruisers) but I can probably get more.
So which direction is more profitable? I would need to train refining / manufacturing if I decide to manufacture which is not a huge deal.
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captain foivos
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Posted - 2010.12.08 17:54:00 -
[2]
Edited by: captain foivos on 08/12/2010 17:55:07 Calculate which makes you a greater profit.
Do whatever that activity is.
???
Profit.
Originally by: CCP Zulu You're assuming I read threads before I turdpost in them :)
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rain9441
Big Head Want Dolly
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Posted - 2010.12.08 19:50:00 -
[3]
Loaded questions:
Should you sell the ore? If you get more for the ore than the minerals, yes. Should you go into manufacturing? That is up to you, but being a miner and a manufacturer are two totally different professions that have absolutely nothing in common.
Which direction is more profitable? Depends how much ISK you invest into manufacturing. Likely you will get more out of mining than manufacturing unless you have a lot of ISK to play with.
Refining and manufacturing are two skills that have no correlation to each other. Refining is the act of breaking things down. Manufacturing is the act of combining things to make something else. Mining is the act of pulling ores from asteroids. You never ever have to do any combination of the 3. Infact, a lot of times the refiners are the mission runners/traders, not the miners/manufacturers.
I hope I have done the best I could to divert you from the path of "What I mine is free." Please do not consider manufacturing because you already mine.
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Durnin Stormbrow
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Posted - 2010.12.08 21:00:00 -
[4]
Any serious manufacturer will have to buy minerals. One mining character simply cannot produce enough material to keep a manufacturer busy, and in hi-sec you will have to buy zyd & mega to make most items.
If you enjoy both mining and manufacturing, there's no reason that you can't use what you mine as a supliment to what you must buy, but you'll still need to buy.
In the end, wdetermining what's most profitable (minerals, ore or manufactured products) depends on your product and your market; and the market will change over time. Continuous research and spreadsheets will be your friends.
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Tau Cabalander
Caldari
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Posted - 2010.12.08 22:59:00 -
[5]
Edited by: Tau Cabalander on 08/12/2010 23:01:11
I recently bought 2 billion ISK of minerals for manufacturing purposes. Even though I'm a miner, there is no way in heck I would have mined it all myself (I don't usually go below ABCGD). And I can always go and buy more to keep the assembly lines busy 24/7.
Even with the minerals I do mine, I value them at market sell order prices. So I pay myself for them when I sell something I built with them. The minerals _I_ mine are NOT free.
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Aphrodite Skripalle
Galactic Defence Consortium
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Posted - 2010.12.09 12:10:00 -
[6]
I am so happy that MY minerals I mine, are free for me. So i do not have to pay myself for that.
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Tau Cabalander
Caldari
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Posted - 2010.12.09 14:09:00 -
[7]
Originally by: Aphrodite Skripalle I am so happy that MY minerals I mine, are free for me. So i do not have to pay myself for that.
Ya, ya. I stated it poorly. Fixed.
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Aunty Nora
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Posted - 2010.12.09 14:18:00 -
[8]
Originally by: rain9441 Loaded questions: That is up to you, but being a miner and a manufacturer are two totally different professions that have absolutely nothing in common.
Wrong, Certain skills and ships can interlink the two professions and a knowledge of one can help when getting into the other. There are quite a few things in common. tho i know what you meant
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Lord Wong
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Posted - 2010.12.09 14:54:00 -
[9]
I never said the stuff I mine if free, I know I can sell it for profit, I just wanted to know how to make more money out of it.
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My Postman
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Posted - 2010.12.09 15:08:00 -
[10]
Beeing a miner for a long time, and saw low end minerals nose diving i had to look how to get more iskies for trit/pye/mex.
Did a bit of market research, found two or three items that increased the value of my NOT FOR FREE MINED MINS by about 20 - 50 %.
Bought some BPO¦s, researched them, trained PE to 5 and voila, 20 - 50 % more income.
Found out that i can sell far more than i can mine by myself. Now buying mins at the market as i enjoy mission running by the time. Good extra income.
Hope this helps.
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JSquared
Quantum Warfare Research and Development Quantum Alliance
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Posted - 2010.12.09 16:03:00 -
[11]
The answer to this question has too many variables. For instance, if you do "everything right" and then choose to sell your manufactured products at too low of a margin or even a negative margin.. well then your better off just selling the ore. So many people sell manufactured items too cheaply and don't even realize that they are in fact losing money.
Short answer is Yes.. if you do everything right, you can be more profitable supplementing your manufacturing chain with ore you mine yourself, however it's almost guaranteed that until you learn the ropes of doing this.. you will lose money learning the correct process and not ever realize it.
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Aphrodite Skripalle
Galactic Defence Consortium
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Posted - 2010.12.10 09:07:00 -
[12]
The problem with eve is, its a game. I using my free time to play a game and people dont mind about their free time spending into something they like to do. If you like to mine, some people really like to do that still, their ore is free to them. Bored people who are mining just for buiseness because they want to buy a plex think different.
Thats why people sell stuff even if they loose money, because for them its not a business, they just do it for fun and dont mind, just being proud selling something without thinking about the real profit. They want to build. Not mine and sell the ore. And another problem is, people are stupid. They cannot count. Lack of education. Cant work correctly with spreadsheats and money. Its like the real world. Everyhwere you find stupid people and thats how smart people are making a profit out of this. I was building a lot in the past. But i stopped doing that and just buy from market and sell it somewhere else. So its more a logistical problem, where do i manufacture something to make the biggest profit, where to get the stuff to build it.
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My Postman
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Posted - 2010.12.10 10:16:00 -
[13]
Originally by: Aphrodite Skripalle Edited by: Aphrodite Skripalle on 10/12/2010 09:23:52 The problem with eve is, its a game. I using my free time to play a game and people dont mind about their free time spending into something they like to do. If you like to mine, some people really like to do that still, their ore is free to them. Bored people who are mining just for buiseness because they want to buy a plex think different.
Thats why people sell stuff even if they loose money, because for them its not a business, they just do it for fun and dont mind, just being proud selling something without thinking about the real profit. They want to build. Not mine and sell the ore. And another problem is, people are stupid. They cannot count. Lack of education. Cant work correctly with spreadsheats and money.
/edit:
There are a lot of people with high skills and even jump freighters etc. they dont mind spending hours in filling up the market without making profit. Because they want that people in their region can play and do pvp. Its like the real world. Everyhwere you find stupid people and thats how smart people are making a profit out of this. I was building a lot in the past. But i stopped doing that and just buy from market and sell it somewhere else. So its more a logistical problem, where do i manufacture something to make the biggest profit, where to get the stuff to build it.
You are so right! I face this regularly. But as a guy with a fat wallet i simply cancel my order when realizing that there are others selling for 2% margin, or even at a loss.
Sometimes i buy them out, if i can sell the volume in a fair amount of time. Good market pvp. When not doing this, i found out that waiting for some days will do the job. And i¦m not talking Jita.
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Mike TheMiner
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Posted - 2010.12.10 14:29:00 -
[14]
There is always money to be made by production, finding out what to produce and when is the hard part, most of the time it is better to sell your mins somewhere you can get a nice price and just buy what you were going to build u/f.
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