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SweetLips Shayiskhun
Imperial Academy Amarr Empire
0
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Posted - 2016.05.10 22:08:46 -
[1] - Quote
So now I am getting into more industrial stuff in game rather than just mining and am having some issues on how to set good marker price on modules i produce for sale. Always seems some one comes and sells less and i make no sales!!
This is odd because i get the minerals for free because i mine them myself but even sell cheap someone makes prices lower and i not get sale.
Thanks for help in advances |
Tau Cabalander
Retirement Retreat Working Stiffs
6040
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Posted - 2016.05.10 23:10:41 -
[2] - Quote
SweetLips Shayiskhun wrote:This is odd because i get the minerals for free because i mine them myself but even sell cheap someone makes prices lower and i not get sale. *cringe*
If your minerals are free, then send them my way please. Heck, I'll even offer you 1 ISK per so you don't go away empty-handed.
Otherwise I recommend not selling the final product for less than the market value of the materials + manufacturing costs + selling costs, plus a mark-up for the value-added service of manufacturing.
If you see a lower price being offered, it is most likely because someone currently has, or at one time in the past had, lower costs than you do.
The current market values are somewhat meaningless if you built them a year ago for significantly less.
Of course there are also a significant number of people like yourself selling their free stuff below current cost.
So what is one to do? Why of course, build something else that is profitable! |
SweetLips Shayiskhun
Imperial Academy Amarr Empire
0
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Posted - 2016.05.11 02:54:42 -
[3] - Quote
Tau Cabalander wrote:SweetLips Shayiskhun wrote:Best way to calculate ship sell price? *cringe* SweetLips Shayiskhun wrote:This is odd because i get the minerals for free because i mine them myself but even sell cheap someone makes prices lower and i not get sale. *cringe* If your minerals are free, then send them my way please. Heck, I'll even offer you 1 ISK per so you don't go away empty-handed.
How are they not free?! When i mined them myself i pay no cost to make ship with them so yes they are free.
I will try u suggest to make other stuff for more profits. thanks |
Kairavi Mrithyakara
1030
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Posted - 2016.05.11 03:11:05 -
[4] - Quote
Time is money. If you're spending time in-game to mine mats, they're not free. |
Bong-cha Jones
Sanxing
20
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Posted - 2016.05.11 04:44:17 -
[5] - Quote
SweetLips Shayiskhun wrote:How are they not free?! When i mined them myself i pay no cost to make ship with them so yes they are free.
They're free in the sense that you didn't make a capital outlay for them (ie spend isk), and you also didn't barter goods or services for them. That's the everyday usage of the word, you're right. But in economic terms, they aren't free to you because you spent time and effort doing them. Like, if you went to work all day and then you got a paycheck, you wouldn't just throw that money away because you got it 'for free'.
So, if you're mining minerals you could sell for 100k and then used them to build a ship you sell for 80k, you didn't turn a profit, really. Compared to what you could have done (sell the minerals), you lost 20k. That's called 'opportunity cost'. You got the minerals 'for free', but they aren't worthless.
Even if you mine the minerals yourself, you need to take their sell value into account when deciding what to build, because you may well make more money just selling the minerals raw. Manufacturing should add value to your minerals, not subtract it. |
Wykin Avada
Trois Etoiles The Volition Cult
0
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Posted - 2016.05.11 10:08:33 -
[6] - Quote
I would add that the time you spend studying the market/hauling components and products could be spent doing something else which would make you earn money (mining and selling ore/ice, killing npcs in pve, scanning data/relic sites, etc... ). I mean that if it takes to you 30 min to create a product, haul it, and sell it, and you gain a profit of 10 millions, you could have scanned two relic sites and earn 20 millions (this is an example). So never forget that each time an activity is time consuming, its profit should be compared to the profit you would make doing another activity for the same time.
on the other hand, you may, as me, consider that industry and manufacturing is a way to earn money in a different way from your usual activity and prevent yourself for boring, since doing always the same thing (mining for example) can be really boring, even if the profit is better. Don't forget that eve is a video game |
Tipa Riot
Federal Navy Academy Gallente Federation
2457
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Posted - 2016.05.11 12:20:34 -
[7] - Quote
Recently I put my focus on industry and can tell you what I do ... scan the market for stuff with decent profit margin (min 50%) and volume, I check that with the ingame industry simulation on blueprints and http://eve-industry.org/calc/ plus https://www.fuzzwork.co.uk/market/viewer/. Usually I check also if it gets profitable when building some of the components. Then I start manufacturing and list the stuff on sell orders with the price I figured out in the first place. I try to complete a cycle in 1-2 days (2 days with invention and pre-production), so building only stuff which gives me minimum a unit every day. Mining is not worth the time and effort, I always buy the minerals.
I'm my own NPC alt.
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Knitram Relik
Running With Railguns
54
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Posted - 2016.05.11 14:49:04 -
[8] - Quote
MINERALS AND ORE AREN'T FREE!
I value them at what I could sell them for, either compressed or reprocessed, which ever is greater. If I can sell a bunch of rocks and make more ISK than if I spent the time and energy turning them into stuff that's what I'm gonna do. Otherwise I'm leaving ISK on the table. I made a spreadsheet that figures out the best use for my ore based on the Juta market. |
Degnar Oskold
Justified Chaos Spaceship Bebop
182
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Posted - 2016.05.11 16:57:19 -
[9] - Quote
SweetLips Shayiskhun wrote:
How are they not free?! When i mined them myself i pay no cost to make ship with them so yes they are free.
I will try u suggest to make other stuff for more profits. thanks
This is a common mistake that new industrialists make.
You minerals are not free because there is an opportunity cost.
Lets say that you make a ship from minerals you mined and try to sell it for 1 million. This means 1 million of income for you
However, you may well find that the ore you mined and used for the ship could be sold on the market for 1.2 million as raw ore instead of as a ship.
This is why people say that the minerals you mine are not free - they have a value themselves, that may be higher than the cost you sell a ship at, |
Tipa Riot
Federal Navy Academy Gallente Federation
2457
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Posted - 2016.05.11 21:57:59 -
[10] - Quote
... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals.
I'm my own NPC alt.
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SweetLips Shayiskhun
Imperial Academy Amarr Empire
0
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Posted - 2016.05.12 22:33:17 -
[11] - Quote
Tipa Riot wrote:... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals.
What is more profit than mining?? Industy make the money in EVE so not sure what else to do
Also training for freighter and then can make buy many items for profit selling in Jita while afk travel it there and do others activities.
thanks |
Tau Cabalander
Retirement Retreat Working Stiffs
6054
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Posted - 2016.05.12 22:59:05 -
[12] - Quote
SweetLips Shayiskhun wrote:Tipa Riot wrote:... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals. What is more profit than mining?? Industy make the money in EVE so not sure what else to do * Combat (security) missions * Incursions * w-space sites & capital escalations * Exploration & escalations * Ratting & anomalies / complexes * Station trading * Trade hauling (buy low - haul - sell higher) * Planetary Interaction (PI) * Scamming * Ninja-salvaging * Pirating / extortion * Drone recovery * Ninja fullerne harvesting * Reaction siphoning * Gambling ...
The list goes on and on. The main limit is your imagination, and what you enjoy doing.
Continue to mine ONLY if you enjoy it. Same applies to any activity in EvE! |
SweetLips Shayiskhun
Imperial Academy Amarr Empire
0
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Posted - 2016.05.13 01:44:22 -
[13] - Quote
Tau Cabalander wrote:SweetLips Shayiskhun wrote:Tipa Riot wrote:... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals. What is more profit than mining?? Industy make the money in EVE so not sure what else to do * Scamming * Ninja-salvaging * Pirating / extortion * Drone recovery * Ninja fullerne harvesting * Reaction siphoning * Gambling ... The list goes on and on. The main limit is your imagination, and what you enjoy doing. Continue to mine ONLY if you enjoy it. Same applies to any activity in EvE!
But these activities are to cause grief to player and is internet cyberbully. this is bad and should be sent to prison not allow to continue make people lifes very bad.
i will continue mine as it is very fun activity and build things |
Mephiztopheleze
Republic University Minmatar Republic
692
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Posted - 2016.05.13 06:33:37 -
[14] - Quote
SweetLips Shayiskhun wrote:Tau Cabalander wrote:SweetLips Shayiskhun wrote:Best way to calculate ship sell price? *cringe* SweetLips Shayiskhun wrote:This is odd because i get the minerals for free because i mine them myself but even sell cheap someone makes prices lower and i not get sale. *cringe* If your minerals are free, then send them my way please. Heck, I'll even offer you 1 ISK per so you don't go away empty-handed. How are they not free?! When i mined them myself i pay no cost to make ship with them so yes they are free. I will try u suggest to make other stuff for more profits. thanks
The term you're looking for is Opportunity Cost.
What was the 'Opportunity Cost' of making the ship instead of selling the minerals? Also: What is the Opportunity Cost of the time you spent mining those minerals? (eg: how much could you have made doing *something else*?)
Occasional Resident Newbie Correspondent for TMC: http://themittani.com/search/site/mephiztopheleze
This is my Forum Main. My Combat Alt is sambo Inkura
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Tipa Riot
Federal Navy Academy Gallente Federation
2458
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Posted - 2016.05.13 08:17:02 -
[15] - Quote
SweetLips Shayiskhun wrote:Tau Cabalander wrote:SweetLips Shayiskhun wrote:Tipa Riot wrote:... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals. What is more profit than mining?? Industy make the money in EVE so not sure what else to do * Scamming * Ninja-salvaging * Pirating / extortion * Drone recovery * Ninja fullerne harvesting * Reaction siphoning * Gambling ... The list goes on and on. The main limit is your imagination, and what you enjoy doing. Continue to mine ONLY if you enjoy it. Same applies to any activity in EvE! But these activities are to cause grief to player and is internet cyberbully. this is bad and should be sent to prison not allow to continue make people lifes very bad. i will continue mine as it is very fun activity and build things Troll detection: positive Thread can be closed now.
I'm my own NPC alt.
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SweetLips Shayiskhun
Imperial Academy Amarr Empire
0
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Posted - 2016.05.13 21:04:58 -
[16] - Quote
Tipa Riot wrote:SweetLips Shayiskhun wrote:Tau Cabalander wrote:SweetLips Shayiskhun wrote:Tipa Riot wrote:... and of course in the time you spent mining you could have done more profitable things, which earned you the ISK to buy the minerals. What is more profit than mining?? Industy make the money in EVE so not sure what else to do * Scamming * Ninja-salvaging * Pirating / extortion * Drone recovery * Ninja fullerne harvesting * Reaction siphoning * Gambling ... The list goes on and on. The main limit is your imagination, and what you enjoy doing. Continue to mine ONLY if you enjoy it. Same applies to any activity in EvE! But these activities are to cause grief to player and is internet cyberbully. this is bad and should be sent to prison not allow to continue make people lifes very bad. i will continue mine as it is very fun activity and build things Troll detection: positive Thread can be closed now.
What is this? You cannot say to my post be closed that is a violation and report will made. |
Zhilia Mann
Tide Way Out Productions
2575
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Posted - 2016.05.15 04:58:19 -
[17] - Quote
SweetLips Shayiskhun wrote:What is this? You cannot say to my post be closed that is a violation and report will made.
You just blew a solid 8/10. This alone drops it to borderline 4/10. Shame; this one had legs.
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Regnar Avastum
269
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Posted - 2016.05.15 18:54:14 -
[18] - Quote
Come on guys, he starts the thread with "the minerals I mine are free". Obvious troll is... well pretty damn obvious.
Props for the community being helpful against all odds though :).
GÖö Gä£egnar's High-End Spreadsheets GÖöGäó
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