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Maalan
Caldari Selinir Industries
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Posted - 2007.08.15 20:11:00 -
[1]
I'm a small time manufacturer and trader. I've found a few niches for good trading but few of them involve trading at the local hub (Oursulaert(SP?)) as any trading I attempt there on items with a reasonable margin result in very rapid over/undercutting whether I 0.01 or 1% cut them off.
A lot of what I've read is that finding profit is a matter of proper research but when it takes ~15-30s to load a single market page, research is not always that practical.
Of course I can learn on my own but I would be happy to get any suggestions (either in game or here) from other traders on how one would go about properly researching this.
(And yes I know what my face looks like in the forums, don't ask me)
Thank you for your time.
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Robacz
Essence Trade Essence Enterprises
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Posted - 2007.08.15 21:12:00 -
[2]
Edited by: Robacz on 15/08/2007 21:12:14
There is nothing to speed up the process. When I was looking for new items to trade, I just browsed though market tree looking for modules with nice margins and volume. My favorite are implants, so look on them.
For *cutting. Well buy orders can be sorted with higher range. Most of hyperactive traders use low ranges, like 1-3 jumps. Use region wide orders and you will get some modules even if your buy order is not first. You can use it as a strategy, overcut only buy orders with region range - your buy price will be lower, then you can use price difference for couriers to move items to hubs. If you want high volume, use one order for long range/high competetion buying and another for long range/low competetion buying.
Sell orders are a bit harder. Basically you have only two options, either log in often and update often by small steps, or try bigger steps to annoy other traders. Nice trick is selling smaller quantity at a time. For example, if others sell 15 units, undercut them with 3 unit order. There is chance they will ignore you. Of course then you have to replace your order more often.
Besides that I usually bought one item from other traders and added them to address book. Then you can see when they are online, when they log off etc. After few days you should have idea about their schedule, so just set your update times after them. :)
_________ Always buying: pirate implants & high-end hardwirings Tech2 distribution service: 8 regions covered |
Sismar
Minmatar Ordem dos Templarios Pax Atlantis
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Posted - 2007.08.15 21:21:00 -
[3]
+bout the loading times, dont stand in the hub solar system, get the remote skills and stay in the region, this will improve speed. since the market interface sucks, get a tool, lots of them in this forum.
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Remmacs Am'i
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Posted - 2007.08.15 23:21:00 -
[4]
Originally by: Sismar get a tool, lots of them in this forum.
boy, i'll say. |
Kitex
Caldari Blacktag Test Labs
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Posted - 2007.08.16 03:11:00 -
[5]
I'm sure you've thought of this, but just in case: clearing the cache every now and again definitely improves the speed of the market interface.
Also, keep in mind that profit on any manufactured item is transient. Observe an item long enough and you'll be able to predict it's up and down cycles. Diversification in your manufacturing is key, because the market on a given item WILL dry up for weeks at a time before it self-corrects. Its nice to have other products to focus your manufacturing on during those dry spells.
As suggested above, use one of the many public tools available to help in researching your markets. Know exactly what your break-even point in mineral cost is for each produced item.
And the most important advice I can give is this: crunch the numbers in a spreadsheet and calculate profit per factory hour on each item rather than focusing on percent profit per item. For example, 100 light drones and 100 heavy drones take exactly the same amount of time to produce. 300% profit on a light drone seems great until you realize that 20% profit on the heavy drones is actually much greater profit per factory hour.
Seriously though, clear your cache if you havent tried that. I've never had a market page take 30s to load even in Jita with 700 in local, and my PC is nothing special.
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Krans Hopeson
Apache Corp
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Posted - 2007.08.16 12:21:00 -
[6]
Originally by: Kitex And the most important advice I can give is this: crunch the numbers in a spreadsheet and calculate profit per factory hour on each item rather than focusing on percent profit per item. For example, 100 light drones and 100 heavy drones take exactly the same amount of time to produce. 300% profit on a light drone seems great until you realize that 20% profit on the heavy drones is actually much greater profit per factory hour.
That's really useful, thanks for the tip! I was quite surprised to find that manufacturing RAMs give me considerably less profit per factory hour than Phased Plasma M... -- "The only stupid question is the one you don't ask." |
Verona Mal
Eve University
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Posted - 2007.08.16 13:30:00 -
[7]
To make your market research more efficient, focus on two distinct categories: best items and most common items. If you go to the variations tab in any item you'll see all the possible items there. What I call the 'best' item is the best tier I item that has a BPO for it. These go for big bucks. Then look at the one that's dropped most often. These go for big volume. Instead of researching a dozen items you only need to look up prices for 2. Hooray efficiency!
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