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Felice Marshall
Science and Trade Institute Caldari State
0
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Posted - 2014.04.15 12:15:00 -
[1] - Quote
Hello everyone,
I am a returning eve player looking for something fresh and somewhat challenging. I love numbers and research so I figured lets give the industrial side of things a go this time around. When I came back to the game and decided I wanted something new I chose to purchase this character which has a solid start as a jump freighter pilot which I will need at some point considering my overall goals I have set. Not quite there but a solid start.
My current issue is that of cashflow. Right now it is maybe mediocre at best. Currently I am running some lvl 1 distro missions as the toon is clean with no standings and I will also probably run it through the tutorials quick for some quick isk. This should put me at a starting capital of about 20 mil after the career agents. I am currently sitting on about 7.9 mil.
I want to start building some t1 mods but profitability seems non existent buying minerals. I currently have industry 5 and ME trained to 3 working on lvl 4 as we speak. I am trying to start some decent isk flow for buying ships and starting to build funds for my goals but it does not seem to be in my favor. Am I looking in the wrong place? Should I be starting off with pi or something else? |
Nolen Cadmar
Nexus Ore Technologies and Excavations Surely You're Joking
166
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Posted - 2014.04.15 13:00:00 -
[2] - Quote
Industry has a VERY large entry cost. You're much better off starting with PVE or mining.
You'll likely need Production Efficiency 5 before you can start making decent profits. You'll also need researched BPO's Nolen's Spreadsheet Guru Services: Need a spreadsheet created, maintained, updated or repaired? Learn more about my services at:-á https://forums.eveonline.com/default.aspx?g=posts&m=3865379 |
SJ Astralana
Syncore
38
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Posted - 2014.04.15 13:08:00 -
[3] - Quote
Nolen Cadmar wrote:Industry has a VERY large entry cost. You're much better off starting with PVE or mining.
You'll likely need Production Efficiency 5 before you can start making decent profits. You'll also need researched BPO's
It's not as bad as all that. 20%+ per month capital appreciation is pretty easy to do as a starter, which translates to accumulating a bil or two grinding isk followed by a couple entry-level BPOs to start on a path of doubling up again and again. However it is true that fully capitalising a production portfolio from start will be measured in years. Hyperdrive your production business: Eve Production Manager |
Nolen Cadmar
Nexus Ore Technologies and Excavations Surely You're Joking
166
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Posted - 2014.04.15 13:10:00 -
[4] - Quote
SJ Astralana wrote:Nolen Cadmar wrote:Industry has a VERY large entry cost. You're much better off starting with PVE or mining.
You'll likely need Production Efficiency 5 before you can start making decent profits. You'll also need researched BPO's It's not as bad as all that. 20%+ per month capital appreciation is pretty easy to do as a starter, which translates to accumulating a bil or two grinding isk followed by a couple entry-level BPOs to start on a path of doubling up again and again. However it is true that fully capitalising a production portfolio from start will be measured in years. That's exactly what I meant. Seeing as the OP was wanting to start production with only 20 mil, 1-2 bil would be a lot of isk compared to his current expectations. Nolen's Spreadsheet Guru Services: Need a spreadsheet created, maintained, updated or repaired? Learn more about my services at:-á https://forums.eveonline.com/default.aspx?g=posts&m=3865379 |
Felice Marshall
Science and Trade Institute Caldari State
0
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Posted - 2014.04.15 13:19:00 -
[5] - Quote
1 - 2 billion to start seems a bit crazy. There must be some way to start at a smaller scale to avoid such a large road block. If the road block is that large it would be very discouraging for anyone new or old to try and get a tiny foot in the door. |
Nolen Cadmar
Nexus Ore Technologies and Excavations Surely You're Joking
166
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Posted - 2014.04.15 13:30:00 -
[6] - Quote
Felice Marshall wrote:1 - 2 billion to start seems a bit crazy. There must be some way to start at a smaller scale to avoid such a large road block. If the road block is that large it would be very discouraging for anyone new or old to try and get a tiny foot in the door. You can start for less, it's just difficult. I'd recomend that you download EVE Isk Per Hour Nolen's Spreadsheet Guru Services: Need a spreadsheet created, maintained, updated or repaired? Learn more about my services at:-á https://forums.eveonline.com/default.aspx?g=posts&m=3865379 |
Corraidhin Farsaidh
Hello-There
361
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Posted - 2014.04.15 13:38:00 -
[7] - Quote
Make use of losec to start from scratch, you get access to shorter research queus etc that way and better PI. Buy and sell orders are better for minerals unless you have lots of time to invest in mining but where you won'ty have the same concentration levels required for PvE/PvP
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Felice Marshall
Science and Trade Institute Caldari State
0
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Posted - 2014.04.15 13:43:00 -
[8] - Quote
Yes I actually was using IPH and this is how I found the profitability issues. Use of low sec seems like a good idea as well to help get researched bp's. I was hoping to find a bpc that would yield some small profitability but no luck as of yet. I could be looking into the wrong type of t1 mods as well as the is a lot to sort through. |
Nolen Cadmar
Nexus Ore Technologies and Excavations Surely You're Joking
166
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Posted - 2014.04.15 13:47:00 -
[9] - Quote
There's lots of BPC's that are priced at the profit margin. So if you purchased and used them, you'd break even. If you look hard enough and/or get lucky, you'll find ones that will still allow you to make a profit. I'd recommend you take a look at ammo. The margins aren't large, but it's an item that's consumed rather rapidly. Nolen's Spreadsheet Guru Services: Need a spreadsheet created, maintained, updated or repaired? Learn more about my services at:-á https://forums.eveonline.com/default.aspx?g=posts&m=3865379 |
Lors Dornick
Kallisti Industries Solar Assault Fleet
1056
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Posted - 2014.04.15 14:17:00 -
[10] - Quote
There's often more isk/h to do in smaller stuff, since they require more actual work.
So that's a good way to start getting some capital.
The second thing is to read tools like IPH and such in a smart way.
If a tool tells you that gadget X is the best isk/h, then be aware that it tells everyone else the same thing.
Vote for Fuzzy Steve! https://forums.eveonline.com/default.aspx?g=posts&m=4236322
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Elena Thiesant
Sun Micro Systems
1323
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Posted - 2014.04.15 14:37:00 -
[11] - Quote
Look for items which are consumed in large quantities. If there's continual demand then there should be profit it be made on that item. Don't build ships. Don't assume you have to sell at a trade hub. Selling ammo, drones, scripts at a mission hub or near FW zones may be slower than a trade hub, but have higher profit margins.
Get Material Efficiency (previously called Production Efficiency) up. Get your trade skills trained, get some faction and corp standing to reduce taxes. |
ChromeStriker
Sebiestor Tribe Minmatar Republic
716
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Posted - 2014.04.15 15:54:00 -
[12] - Quote
Get a cov-op frig, go to null sec, and find your own BPC's. Lots of margin there, and you can find loads of them in relic/data sites.
Nulla Curas |
Aerie Evingod
Midwest Miners LLC
14
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Posted - 2014.04.15 17:53:00 -
[13] - Quote
Lots about industry is changing in the summer expansion, keep that in mind because everything you learn or do inthe next couple months could significantly change this summer. |
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