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Meili Qiuyue
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Posted - 2007.12.07 00:43:00 -
[1]
Still in my class for the evening, and happy to have my laptop, I wonder - how did most of you get your start in this corner of the EVE Universe? I've heard it said that to be an effective trader one needs hundreds of millions - after trying my hand at it for about two weeks, I understand why. But for most of us, the money had to come from somewhere EULA-friendly =D Mining? Ransoms? Missions? GTC?
For me, and to kick off discussion, my investment capital came in the form of just under 200 Million, lent to me by an RL friend who found his wonderfully-insured Abaddon on the wrong end of a Rokh. After his defeat, he explained to me that he would be taking a break from EVE for awhile. I asked him if I could have his insurance pay to try out this 'trading' thing I'd read about, and to my pleasant surprise he agreed. (Of course, I'm gonna have to pay him back someday, but I intend on making his money count).
I wonder, if given enough time could I turn one battleship into three or four? (or more?) Does anyone have an interesting story about how they got their start? Or, was it all through hard work, flying to the State War Academy in the snow, uphill both ways?
Meili
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.12.07 00:46:00 -
[2]
I just used the "Can I have your stuff" route about 20 times and eventually hit the jackpot when someone gave me 50b worth of t2 bpo's.
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Riethe
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Posted - 2007.12.07 00:52:00 -
[3]
Everyone on the market forums has been part of a scam on an alt.
No one actually knows how to build up that much capital, are you kidding me?
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Meili Qiuyue
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Posted - 2007.12.07 00:55:00 -
[4]
Originally by: Riethe Everyone on the market forums has been part of a scam on an alt.
No one actually knows how to build up that much capital, are you kidding me?
I had guessed as much XD XD XD
It'd be nice if the volume of silly people was indeed -that- high, huh.
Meili
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Riethe
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Posted - 2007.12.07 01:00:00 -
[5]
To be more serious, though. I gather that most of the filthy rich people on here just got lucky with T2 blueprints way back.
And of course, the amount of money that you could make in having a monopoly on something like that is just ridiculous.
Which is sad because it's so effortless, and these same people demand high regard and respect on these forums as if they've earned their money.
What a joke.
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Dark Shikari
Caldari Imperium Technologies Firmus Ixion
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Posted - 2007.12.07 01:04:00 -
[6]
Edited by: Dark Shikari on 07/12/2007 01:04:19
Originally by: Riethe To be more serious, though. I gather that most of the filthy rich people on here just got lucky with T2 blueprints way back.
And of course, the amount of money that you could make in having a monopoly on something like that is just ridiculous.
Which is sad because it's so effortless, and these same people demand high regard and respect on these forums as if they've earned their money.
What a joke.
I'd say its completely the opposite. Almost all the lucky T2 BPO owners who then proceeded to build huge empires, with the exception of Eefrit and Femintaki, never ran an IPO or did much in the market forum. Why would someone need public money if they already have boatloads? The vast majority of T2 magnates were not very well known.
For example, I got my start with a lucky break (an NPC trade route I found that I earned ~1.5b on). I never got a single T2 BPO ever, though I once got an offer for a medium energy transfer II
23 Member
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.12.07 01:14:00 -
[7]
Nah I was kidding about the "can I have your stuff thing".
I obtained my wealth when I stopped doing missions.
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Jennai
The Greater Goon GoonSwarm
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Posted - 2007.12.07 03:27:00 -
[8]
I made half a billion reselling skillbooks on missile patch day, bought some module BPOs, made money, bought some battleship BPCs, made money, bought some battleship BPOs...
I have some T2 BPOs but they're not particularly good. I made a lot more off the battleships when I lived in empire.
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Shar Tegral
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Posted - 2007.12.07 03:50:00 -
[9]
I got my wealth in beta really. Once Eve went live I joined, and then quit, TTI in the first week. Second week I was kind of back in TTI by joining KME. There is where it all began for me. I meet the most decent people who understood and respected teamwork. 4.5 years later, the few of us still around are still in the same corp together.
While this is the market forum and it is expected that isk, items, and materials are the end goals of our never ending tourneys against each other... for me it is simply the friends I make and meet.
Isk is a fickle lover. It comes, it goes, and is non-plussed about spending time with me or with another. Decent people though...
PS: I'm not really rich contrary to most imaginations of me. I don't care about isk (as an end goal) enough to spend all my time acquiring it. I pile up as much as I think I'll need till "X" date. I then go about exploring as many aspects of Eve that I can without a care about finances except for the spending limit that exist. Once I reach what I consider as "uh oh" time I shake out my worker bee hat, put it on, and go out and make another pile to fund my goofing off.
And that's Shar in a nutshell, a goof off with deep pockets.
Taikun's Lost Bet |
Fader Bane
Black Knight Buccaneers Daisho Syndicate
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Posted - 2007.12.07 04:04:00 -
[10]
Originally by: Riethe Everyone on the market forums has been part of a scam on an alt.
No one actually knows how to build up that much capital, are you kidding me?
No that's just you and a few others, mate. I would say the majority started off working the small time stuff, tech 1 production, mining, mission, etc. until they got a tech 2 BPO. ________________________________________
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Shadarle
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Posted - 2007.12.07 04:09:00 -
[11]
It seems I got started much the way Ricdic did. Ran missions and when I stopped running them I became rich.
I was running level 2's with 300k sp's, level 3's with 800k sp's. I still mostly run level 3's when I run em cause I like having 0% chance of being blown up while I watch TV. I only run missions for standing now though, the money is inconsequential. I used to loot every can, now I only loot what is needed to finish a mission.
I made my first 500+ mil running level 3's. I would make over 10 mil an hour when I was actively running them. I would loot everything and sell all the valuable stuff on the market and I would reprocess the t1 stuff. By the time I got the skills to run missions easily I basically stopped running them and just started to trade.
Everything I learned from running missions is what made me successful as a trader. I never won a T2 BPO.
Tanking Setups Compared
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.12.07 04:19:00 -
[12]
Originally by: Shadarle It seems I got started much the way Ricdic did. Ran missions and when I stopped running them I became rich.
Well kinda. The reason I got rich when I stopped running missions was because it meant I stopped falling asleep in CNR and Gist fitted ships. Having to tend to son losing his dummy coming back to a pod. Putting son back to sleep and dozing off with him whilst in middst of an Angel L4.
Warping into 0.0 with a Gist fitted raven thinking I can beat 4 mOo battleships vs my uber ship. Lowsec pirate hunting in faction setups etc etc.
When I completely stopped buying ships my wallet just hardcore compounded.
Having said that, these new Trinity graphics were so orgasmic that I went and blew 3b on a CNR with faction mods. I have a Golem on pre-order to replace the CNR next week and will probably end up sinking about 20% of my net assets the next time I fall asleep at the helm.
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2007.12.07 04:33:00 -
[13]
My story is very similar to Shad's and Ricdics. Nothing special really, just hard work, being observant, and having good timing. Some might call it luck.
I find it intresting that a fair number of people assume that people who WON a T2 bpo in the lottery became rich. I am of the opinion that a lot of those people(+75% at least) that won those bpo's resold them and then failed to reinvest their profits from the sale. Thus having been made instantly rich, but in the long run having spent all that isk in pew pew, and having nothing of any real huge worth to show for their lottery win.
I also find it intresting that so many people assume that winning a T2BPO was an instant mega bonza of isk. In practice so many of the T2 bpo's are really sort of worthless, compared to the school of thought that a T2 bpo automatically equals tens of billions of isk.
The T2 BPO's that have been worth the most havent always been the same ones. Boost, nerfs, changes in game mechanics, and applied damage type have over the course of the game changed which BPO's were more highly valued over others.
Also with invention having been introduced roughly a year ago, the inherent value of T2 BPO's has declined, albeit by varying percentages. I think that most people still overvaule T2 BPO's resale price, thinking that them "isk printing machines". While I have no personal T2 BPO's, I have had the pleasure to assist in the running the production of multiple T2 BPO production lines. With that experience, I would say that maybe at most 10% of them are potentially "isk printing machines", less so post invention. In practice even of that 10% I think that a substantial ammount of them are poorly managed or sit idle.
Ok enough about my slightly off topic word vomit about t2 bpo's, but seeing as how I was seeing people assuming something I consider false I had to give details. --
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2007.12.07 04:38:00 -
[14]
Originally by: Ricdic Well kinda. The reason I got rich when I stopped running missions was because it meant I stopped falling asleep in CNR and Gist fitted ships.
hehe
I recall, what must have been almost a year and a half ago. You being idle in a channel with me for hours. Then suddenly you filled the channel with a bunch of swear words. When you stopped swearing, your responded to my, "whats wrong?", with "Dammit I fell asleep in my faction fitted hulk in a .06(?) and now I am in my pod. Belt rats killed me". This was when a hulk went for 500-600mil, and I believe you said you had something like 1bil in fittings. --
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Shadarle
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Posted - 2007.12.07 04:38:00 -
[15]
Originally by: Treelox Also with invention having been introduced roughly a year ago, the inherent value of T2 BPO's has declined, albeit by varying percentages. I think that most people still overvaule T2 BPO's resale price, thinking that them "isk printing machines". While I have no personal T2 BPO's, I have had the pleasure to assist in the running the production of multiple T2 BPO production lines. With that experience, I would say that maybe at most 10% of them are potentially "isk printing machines", less so post invention. In practice even of that 10% I think that a substantial ammount of them are poorly managed or sit idle.
Indeed. There are very few T2 BPO's that pay out well anymore. And if you buy one you're going to get at best 8% monthly profit off your investment. If you're really lucky you could get 10-12% if they sell it to you under-priced. But there are many other ways of making more money than that without a T2 BPO.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2007.12.07 04:49:00 -
[16]
Originally by: Shadarle But there are many other ways of making more money than that without a T2 BPO.
Agreed. I think some of the misconception is that too many people think in volumes of isk not in percentages of profits of isk made on those volumes. This is a similar group of people to the ones who dont understand the importance of; isk generated per hour of effort, assume that since they produced a raw material it has no value, and that high SP is more important than actual player skill. Although I find it sad that such groups continue to persist, often with the same people stuck in that mindframe forever, I shouldnt make too much fun of them, nor try too hard to educate them. Because without them, the likes of you and I would have a slightly harder time seperating the fools from their isk. --
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.12.07 04:49:00 -
[17]
Originally by: Treelox
Originally by: Ricdic Well kinda. The reason I got rich when I stopped running missions was because it meant I stopped falling asleep in CNR and Gist fitted ships.
hehe
I recall, what must have been almost a year and a half ago. You being idle in a channel with me for hours. Then suddenly you filled the channel with a bunch of swear words. When you stopped swearing, your responded to my, "whats wrong?", with "Dammit I fell asleep in my faction fitted hulk in a .06(?) and now I am in my pod. Belt rats killed me". This was when a hulk went for 500-600mil, and I believe you said you had something like 1bil in fittings.
Yeh I remember that. I only bought it a day earlier and it had like Gist Small shield booster for perma tank but not thinking I was gonna fall asleep I hadn't turned it on Anything that involves me in space is a recipe for disaster.
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2007.12.07 04:53:00 -
[18]
Originally by: Ricdic Yeh I remember that. I only bought it a day earlier and it had like Gist Small shield booster for perma tank but not thinking I was gonna fall asleep I hadn't turned it on Anything that involves me in space is a recipe for disaster.
Does it sometimes feel like I have been keeping score on you, Ricdic? I have lurked in your shadow recording your activities for too long.
:P --
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Riethe
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Posted - 2007.12.07 05:11:00 -
[19]
Originally by: Fader Bane No that's just you and a few others, mate.
Bitter?
The argument that most T2 BPOs aren't worth it anymore isn't really the point of what I was saying. I'm well aware everyone has lost their monopoly with invention, and with nerfs lost whatever random percentage of their infinite profit.
But let's be realistic here. How much can these people actually complain? Oh, oh no! After your 18 month run of being the only producer of barrage ammo, now other people can invent it and you're losing a whopping 3 percent per sale! What will you ever do! It's not like you already have the equivalent of infinite ISK. The world is over!
These people have had plenty of time to accumulate their riches doing literally nothing. To say that it's so much more than that is silly. Yes, there are trash T2 BPOs. And as such, those have no relevance to what I am talking about.
It is, however, starting to look like a lot of frequent posters here have actually worked at their wealth, which is surprising. That is of course assuming everyone is being honest.
On the other hand though, who is going to come in here and admit that they actually have no skill at all and got lucky? Those people can charade around here with their high status and pretend like they worked at it like you guys. They wouldn't ruin that for themselves.
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2007.12.07 07:10:00 -
[20]
Riethe,
I think you still over estimate the ammount of people that got "lucky". Of the 12 people/corps that come to my mind right now, that have multiple T2 BPO's that the average player would consider "isk printing machines", only one of them got his intial riches from winning such a BPO. The other 11 all made their intial billions with through other means, and later bought their "isk printing machines" from those too lazy or too stupid to capitalize on their good fortune in the lottery.
Besides, for every guy that had a barrage ammo BPO, there were 4 guys who had a useless T2 rocket BPO.
Quote: Yes, there are trash T2 BPOs. And as such, those have no relevance to what I am talking about.
It really does have relevance. Since your intial post stated;
Quote: To be more serious, though. I gather that most of the filthy rich people on here just got lucky with T2 blueprints way back.
And of course, the amount of money that you could make in having a monopoly on something like that is just ridiculous.
Which is sad because it's so effortless, and these same people demand high regard and respect on these forums as if they've earned their money.
You failed to quantify that only maybe 5%-15% of these who held T2 BPO, held any potential for ridiculous profits. Your statement also made it seem that all of those who held T2 BPO's had gotten them for nothing. When in fact most were purchased off the actual winner of the lottery, to be used by the producers. That makes it not as effortless as you wish to make it seem, because at least some effort had to go into making the intial isk to purchase the BPO in the first place.
Even if the producer had been the winner aswell, it is not effortless. There can be a lot of hassle in gathering the correct moon materials, NPC trade goods, and T2 components.
I will agree with you on this though, the reward was definitely way too high for the reward that was the research agent lottery. Just remeber though, those who reaped that reward were not always the producers whom you seem to be jealous of.
--
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You What
Freeman Inc
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Posted - 2007.12.07 08:11:00 -
[21]
Edited by: You What on 07/12/2007 08:11:18 I made 2 bil+ hauling stuff from jita to motsu
edit: ... back then
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Ambo
2nd Outcasters
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Posted - 2007.12.07 08:37:00 -
[22]
Same as many others really. Did missions until I was able to do lvl 3s in my sleep and then realised I could make WAY more trading than if I used the cash I'd earned to buy a raven and go do lvl 4s.
As Shardale says, doing missions is what gave me the knowledge to be a good trader.
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Daeva Vios
PhaseShifter Technologies
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Posted - 2007.12.07 08:39:00 -
[23]
Edited by: Daeva Vios on 07/12/2007 08:39:24 I had 40m isk in my wallet as a loan from another character. I bought up as much Zydrine as I could afford with 40m. When the Zydrine Rush hit its peak, I sold all the zydrine I had to open buy orders.
That's how I got my starting capital. I've never owned a T2 BPO.
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Kirjava
Lothian Quay Industries Zzz
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Posted - 2007.12.07 09:47:00 -
[24]
I was in the right place at the right time when Zyndrine was needed most. I found a system that wasn't mined because it was a border zone, dropped a POS there and spent a month mining for 3 hours or so a day in 2 hulks. Made 2 Billion doing that, got another 2 from someone getting realy ****ed off at Eve and I jokingly said "can I have your stuff?" - suddenly I was 2billion up and had a carrier contracted to me. Made another Billion running 4 POS, then launched an IPO to tripple that. All the while I was buying HAC bpc off contracts and building them, made another billion there alltogether. Rate my charecters please, updated so need 3 more, 2M isk for each good review |
Robacz
Essence Trade Essence Enterprises
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Posted - 2007.12.07 10:30:00 -
[25]
Originally by: Riethe To be more serious, though. I gather that most of the filthy rich people on here just got lucky with T2 blueprints way back.
And of course, the amount of money that you could make in having a monopoly on something like that is just ridiculous.
Which is sad because it's so effortless, and these same people demand high regard and respect on these forums as if they've earned their money.
What a joke.
IMO you are wrong. I don't see any old T2 BPO owners posting here, or only very few. Personally I had to earn ISK and buy all my BPOs, never won any in lottery.
To answer OP, I was a miner when I started, living in lowsec system. I made few millions and moved to NPC goods trade with my new Iteron. I managed to gather about 30 Million this way, finally docked my Iteron and started with station trading. I worked with low priced region wide buy orders. First I traded cruisers (re-sold them without moving), later modules and implants. Twice a week I jumped into my frig, collected stuff (modules and implants) and moved it to Oursulaert to sell for more. It worked pretty well, later I changed my frig to couriers.
So you don't need a lot of ISK to start trading. I think 100M is optimal to start with, but I started with 30M and it worked too. The more you have, the faster it goes though.
It was fun back in these days. I had lots of stuff in lowsec, often in known pirate systems. I can't even count how many times I jumped into camped gate in Old Man Star and all those systems in this area. But frig was hard to kill and they usually ignored me.
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Kylar Renpurs
Dusk Blade
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Posted - 2007.12.07 11:22:00 -
[26]
Never really thought about what filthy rich means, I mean, I'm pretty happy with my achievements to date. I have a mate who's played on and off since Beta, told him I make 2.4 bil a month with my corp and he was pretty surprised.
How'd I get my break though?
Basically, ran mish and 0.0 ratted with Jman, afk mined with Taila on a second client at the same time. First big break, I'd just bought my first BS and was strapped for cash. Scored two hauler spawns in two days in Catch, netted 32k zydrine, 16k megacyte and 500k isogen, rolled my up with a tasty 300 mil approx.
Unfortunately, some previous 'incidents' left me incredibly wary of 0.0 alliances, and although I've been around many of the regions, I've never really gotten into it, and mostly felt like I was feeding off them (specially when they'd talk about current wardecs and I'd mention the Crystal Omega I just got off a faction spawn). After being a director of my corp (Splinter Syndicate) I upped and left for mission running. Kept this up till i hit about 800 mil, following the rumors that once you hit your first billion, the rest comes quick.
Then invention hit, and I scored big-time when farmers didnt see the worth of Decryptors from COSMOS sites and the profit on inventing a T2 Heavy Launcher was 8 mil (or 400% on manufacture costs). After that wave died, I saw opportunity within the T2 component market, and now I'm here churning out the goods. At first, capital was my restriction. A 2 bil loan from Roemy Schneider saw me keep my lines going during 2 weeks of absence and get to a self sustaining level of capital.
Started expanding business with alts and realised their training was outstripping my capital, so I launched Dusk Blade's 4 billion share offer, both to achieve this capital, and for the challenge and hobbyishness of it all. Which reminds me, gotta jump onto some new spreadsheets :)
Improve Market Competition! |
Theo SClaw
Minmatar Bene Gesserit ChapterHouse Hedonistic Imperative
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Posted - 2007.12.07 11:43:00 -
[27]
In my case, a funny thing happened. I started playing in beta, years ago, then stopped roughly six monthes into the game, because of RL issues. I didn't deleted my char though.
Recently, I received this email from CCP indicating that for old players, they were able to reactivate your old character. So I tried it, recovered my Domi, and was ready to start doing missions again and build some stuff to grow.
Then I noted something interesting: before leaving, I had an R&D agent who was in the mechanical engineering field. Several days into the game, I decided to go see this agent again.
And guess what ? Even if my character was inactive, the agent continued to create datacores for my char. So I ended with tens of thousands of them. Net worth on market: 2.5 billions. THAT was a good surprise, and my start to trading :-)
It was my second good surprise in the game, the first one being when one agent for Ammatar Fleet gave me a very rare implant I was able to sell for a very high price, just after the implants started to be seeded in the game.
Cheers,
Bene Gesserit is recruiting. |
Confuzer
PBA Corporation The Volition Cult
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Posted - 2007.12.07 12:11:00 -
[28]
I got my first real bonus from the drone regions start time. Zydrine and AI rigs income went out of the roof.
Now I invest and invest and spreading my wings over still more market aspects and still not hitting the roof :) ----------------- 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. |
RiotRick
Black-Sun Ministry Of Amarrian Secret Service
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Posted - 2007.12.07 12:14:00 -
[29]
Edited by: RiotRick on 07/12/2007 12:13:58 Chelm Soran and Brokara Ryver got me started :) http://killboard.blacksuneve.com/?a=sig&i=37882&s=bs2
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Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2007.12.07 12:40:00 -
[30]
In EVE to generate your ISK, you need to put in hard work. Choose one profession, do it and do it to death. Some professions may earn you ISK faster than others, but in the end you'll get your due rewards no matter what...
In my case, my chosen profession to begin with was salvaging, I plugged at it for about 5 months, then bought 2 T2 BPO's which keeps my PvP addiction fed and GTC's sorted, and then for a little more profit, I switched to inventing as soon as I skilled up.
The important thing to realise it's not how much money you have but the rate at which you make money. So scammers might get a whopping great amount once, but they have no clue how to maintain it (and if they did, they don't have the rep to), so it's all fed back into the system because they'll just squander the money anyway.
--- meh. |
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