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Mr LaboratoryRat
Confederation of DuckTape Lovers
11
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Posted - 2012.04.25 22:38:00 -
[1] - Quote
A lill story, followed by why the contract changes are bad for the sandbox..
About 4 yrs ago i started playing eve. As i went forward i started to pvp about 3,5 yrs ago. After a bit i needed some way to make more isk. Grinding i have always found very boring and burning me out of the willingness to play this game. I started to look into trading. My general thinking lead me the the concept that high priced items have usualy bigger profit margens.
While looking at contracts some day i noticed that contract trading is a good way of trading. Its not the 0.1 isking game thats boring as hell and contract trading is semi afk. Soon after, i was looking at officer module trading. Setting up buy orders & mailing ppl with cheaper offer than they listed it. I noticed ppl are easy willing to sell a 3b officer mod for 200m cheaper.
Soon i was pulling in lots of isk by this way. My isk investment pool was grewing alot. With good months of 10 -15b to bad months of 2-3b profit. The contract system was containing an extra sandbox which you only needed to control, master it and execute. Soon enough after a yr i had my first 100 billion isk . At this time dominion was launched with the supercarrier nerf & titan buff. This had a major inpact, some mods dropping & others increasing. As i anticipated on this my investments were clean and of the supercapital populair mods fore a while. I continue'd untill 9 months ago. I anticipated super nerf & the price of officer mods went to a redicules altitude, hyper inflation took place in any super cap mod like TC's, SeBo's & some others. It was time to ditch & be patient as this inflation made my stockprice higher & this brought more risk. At this time also more players entered the realy small officer reselling market; escalating in a price war, more relisting effort & downwards margens due contract taxes.
After controlling the market for over a yr with alts, manipulating it with other resellers with price agreements & devided area's for wtb contract's i decided to retire and concentrate on patch speculating. Sitting on a hugh pile of morphite at 3300isk pu has done me realise at this point that i can just sit back and do what im good at with my main, pew pew. I never have to grind anything again if i like too. As this toon has been originaly created for this purpose i can start withdrawing isk for cool pvp projects. Own funded roams & personal replacement when needed.
The moral of this story is that currently, now faction/officer candy is added on the market, a hugh trader market is gone. You could call it a mini sandbox, replaced currently by a boring, dull, bot sensitive system. Im sure it will be handy and easy but it has its withdraw;s. The real question is: Is it worth it? Personaly i dont care anymore. This is also the reson why im wrighting this. After reselling 958 high end officer modules i would like to thank my clients, my suppiers and whoever decided to take on a offer from me in the past for; their generous isk donations. I have sold approx 1,3 tril isk in officer mods with a profic margin of 26%
As some say, "Low Life Reseller", I say: "Selfmade Businesman, Billionair & soon to be Trillionair,
/Labrat |
Evil Brock Nelson
T2 Technologies Unlimited
9
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Posted - 2012.04.25 22:42:00 -
[2] - Quote
Here's a story...
Someone didn't vote, and is bitching about the new government. That person doesn't have the right to ***** since he didn't vote.
Moral of the story? You didn't vote. |
corestwo
Goonfleet Investment Banking
193
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Posted - 2012.04.25 23:50:00 -
[3] - Quote
Similar volume, smaller profit margin (my suppliers were alliance mates after all, I tried to be fair), similar lack of care.
All those small timing whiners out there complaining about the change should take a hint from us. |
Darkstar01
Republic University
Minmatar Republic
3
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Posted - 2012.04.26 00:05:00 -
[4] - Quote
Sounds like a show off thread to me :P except I have a hard time believing you actually made 200 bil from contract trading, just by analyzing your character and your corp's completed contract history, also from experience as a contract trader myself.
I was also a contract trader once (officer and deadspace mods), and I made 10 - 15 bil,, until I got burned out and decided it wasn't worth the hassle.
Even though it's not a 0.01 isk game, it's still essentially the same as market window trading in Jita.
You are going up against a few contract traders who have the time and energy to watch and update their buy contracts 14 hours or more everyday (such as Noob Zone Inc. - I figured this guy either has no job, or it was runned by more than 1 player).
But whatever the case is, I admit I lost to all the competition in the market, and I moved onto something that yielded more profit with less time and effort spent. Which is something I do not regret, because I also have close to 200 bil today, but I'm not a show-off like you, and I actually prefer to keep the identities of my characters private :)
So you are either extremely persistent and never got bored / burned out, or you didn't make 200 bil isk from contract trading :P |
shar'ra matcevsovski
Hedion University
Amarr Empire
26
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Posted - 2012.04.26 02:13:00 -
[5] - Quote
Nice story... So you made 200b in since you started playing 4 years ago. What have you done in the other 3 years?
2/10 |
Mo Fizzle
The Player Haters Corp
0
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Posted - 2012.04.26 02:58:00 -
[6] - Quote
Contract trading of faction mods (or officer mods) was nice. But it the end it was just one of many ways to trade and not bother with the 1 iskers. Now you just use the funds put aside for contracts for "investment" style trading, which is actually even more chill :)
Also, officer mod market will remain susceptible to manipulations if you got the funds  |
corestwo
Goonfleet Investment Banking
193
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Posted - 2012.04.26 03:09:00 -
[7] - Quote
Mo Fizzle wrote:Also, officer mod market will remain susceptible to manipulations if you got the funds
 |
Tauranon
Weeesearch
57
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Posted - 2012.04.26 04:57:00 -
[8] - Quote
Lots of my deadspace contracts got 100k isked by the next 10 people to find the same thing. Was still a nuisance sometimes to get stuff sold.
From now on if you want to trade them, you can also set region lowballs for supply.
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Tobiaz
Spacerats
347
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Posted - 2012.04.26 08:23:00 -
[9] - Quote
Somehow I doubt deadspace mods are going to be completely off the contract market.
Operation WRITE DOWN ALL THE THINGS!!!-á Check out the list at http://bit.ly/wdatt
Collecting and compiling all fixes and ideas for EVE. Looking for more editors! |
Esan Vartesa
Samarkand Financial
221
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Posted - 2012.04.27 15:16:00 -
[10] - Quote
Anyone know what the "free" in Free Market means?
It means that the market is free to move to equilibrium. One of the biggest hindrances to market freedom is a lack of transparency. The contract system is a very opaque market, where it is far more difficult to compare supply and demand prices. The standard market is a vastly more transparent market, and thus more "free".
People complaining about this change understand this, as margins will always shrink as market freedom expands.
These are rent-seekers, and bad capitalists. |
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Mara Villoso
Big Box
The Toy Box
74
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Posted - 2012.04.27 16:17:00 -
[11] - Quote
The biggest problem in the contract market was that it had its own form of .01 combat, but it was ludicrously more twisted and unnecessarily burdensome. Combined with a horrible contract market interface, it was a study in how to create a perfectly awful game mechanic.
It is about damn time they changed. There was never any logical reason that every item in game couldn't be traded on the market. |
Skydell
Space Mermaids
Somethin Awfull Forums
237
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Posted - 2012.04.27 16:50:00 -
[12] - Quote
Mara Villoso wrote:The biggest problem in the contract market was that it had its own form of .01 combat, but it was ludicrously more twisted and unnecessarily burdensome. Combined with a horrible contract market interface, it was a study in how to create a perfectly awful game mechanic.
It is about damn time they changed. There was never any logical reason that every item in game couldn't be traded on the market.
This really. Because contracts were so convoluted they were nothing more than a haven for scam jobs. After the markets start to build a real price history I will take the 5 years worth of faction mods (that sat in a can) I have and sell them. |
Slavemaster
ICC - Information Control Corporation
38
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Posted - 2012.04.27 17:21:00 -
[13] - Quote
.. This look fake, looks like a "viral marketing" for another book , website, etc called. "how to be a billion in EVE.
Its not impossible to earn lot of isk with contracts, but this just feels fake, wrong its a Vibe thing.
Oo |
corestwo
Goonfleet Investment Banking
206
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Posted - 2012.04.27 18:03:00 -
[14] - Quote
Slavemaster wrote:.. This looks fake, like a "viral marketing" for another book , website, etc called. "how to be a billion in EVE.
Its not impossible to earn lot of isk with contracts, but this just feels fake, wrong its a Vibe thing.
It's not fake, I believe his numbers, and he's not trying to sell anything. You idiots are too cynical sometimes. |
Kara Books
Deal with IT.
119
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Posted - 2012.04.27 18:53:00 -
[15] - Quote
contract trading can still be equally profitable if you know what your doing, but I find it to be mindless drone work with heavy loads of time investments required.
As for making agreements, of course when you see something obviously overpriced, you shoot them a Just above buy order price and chances are they will agree 2-4 days after the very costly item of their doesn't sell like the hotcake they think it is.
Also, catching peoples mistakes, in particular people who do not know what market trends fat fingers ETC are in the first place can yield another 5-10B with a mere 6-7B investment, per month.
Lowballing with 1 item, those 30-40 contracts is also a very effective strategy one must be careful to observe, learn and avoid manipulating the market in that sort of way, once a merchant catches on, he tells a few of his friends then your going to have a problem with sales numbers keeping up with the amount of said good being introduced into the game.
Blue prints, yes the most ignored aspect of contracts, Iv netted the most profit from catching people sell researched BPO's and pirate BPC's a good amount to low, sometimes I would have an overstock and when they go to high, I post a few up there when the desired people on my watchlist went offline, quite the tactic, as its very easy to add people to the watchlist when the contract system is so open with character names.
Listing 30-40 of the same item at a time, can sometimes trick people into thinking its the cheapest, but some one who looks for mistakes will simply post 1 item up when your done and pretty much take all your time and profits, this is what killed you in the last few months, especially with the low damage mods, as I was watchful for the price fluctuations catching the highs with single items, relisting them as they sold.
the contract system was becoming over saturated, you should move into station trading as its empty right now, you can establish a very good passive income if you, retrain yourself.
The contract system is now new, iv pulled out for at-least 6 months until the dust settles. |
Mo Fizzle
The Player Haters Corp
0
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Posted - 2012.04.28 01:55:00 -
[16] - Quote
Heh, you people are funny. Fake, overly complex and convoluted, only good for scams etc... I'd find the OPs claim believable if he doubled his number.
Contracts offered a good avenue for those that knew how to and wanted to deal, interact with people and not just update the numbers, get access to goods other plebs never thought was possible, because omg, dealing with people outside of market :)
I personally would buy 5-6 stacks of several hundreds of different faction mods per month and just list a handful per day over several characters/hubs. Each stack would easily bring in several bil per month. Where I'd buy this from, people you get to know over time, building your trade web. This is what moving these goods to market killed but meh. I found the aspect of having suppliers and dealing with people as an enjoyable part of the game and this is what sucks to be nerfed, not some magical income that was impossible without contracts. Profits will just come from elsewhere.
Also, contract 1 isking? lol? It went as far as just leaving your stuff on contracts and adding more of the same item to undercut. Woohoo, complex **** lol. |
Elinarien
Center for Advanced Studies
Gallente Federation
0
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Posted - 2012.04.28 13:52:00 -
[17] - Quote
Mr LaboratoryRat wrote: Stuff...
/Labrat
Would have been an interesting read had you made some real money... but still.. maybe Eve is your real life? |
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