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General Coochie
The Bastards
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Posted - 2009.03.18 02:21:00 -
[1]
So abaddons ran out of stock in rens. Quickly I started building some
Sold one for 159mill isk - very nice like 25mill profit.
I make two more. What do I see? Some ****** has put up 18 abaddons for 149mill.
Why the hell would anyone put up something just above the normal price when there is no one else competing on the market. 
fracking ******ed. Why do they even bother manufacturing if they are so fail at it. Do ppl like that even make any isk.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.18 03:21:00 -
[2]
Edited by: General Coochie on 18/03/2009 03:23:28
what competition?!
There was no one else having ships on the market at the time.
Doesnt matter what they bought the minerals for either. If you can make 10mill isk more / ship then you can. Theres no reason to sell it for regional average if you are alone at the market.
Also "running someone else out of business" in eve is a doesn't work, I hope no one thinks you can actually do that. As you have no static costs no one will get ruined cause you undercut them. They simply will manufacture something else and make more profit then you then return once your ships for almost no profit at all has sold and they make profit again.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.18 09:57:00 -
[3]
Edited by: General Coochie on 18/03/2009 09:57:58
Yeah I'm ranting and realize this will make no difference but...
I've been doing the market for more then a year.
My very first month I started this as an experiment having 65mill isk, by the end of that month I had 750mill isk (+1000% profit). Thank you very much I know what I'm talking about. I don't make as much these days cause market competition is higher and there are more idiots on it but I do make enough.
To be noted I now have sold two more abaddons for still a nice profit. The guy putting up 18 abaddons still haven't sold a single one. What does this mean? In 1 day I turned over about 400mill isk to 457mill isk. 14% profit is ok. The guy with the abaddons have about 2.5bill isk invested and still haven't made 1 isk of it. Meanwhile I naturally invest in a bunch of other ships that are more profitable with the rest of my isk.
To be noted is that I the day before that sold dominix's in amarr for 67mill isk. and so on.... Yeah the guy might have made me stop producing abaddons in rens for the moment, but I'm making way more profit then he is with 1/5th of the capital invested (looking at the abaddons only). I could keep making a few and undercut him over and over and he would sit there with his 18 abaddons and 2.5bill isk invested. Also I'm not the only one in the market more ppl will come and undercut him.
 Quote:
For some, turnaround is more important then margin. Deal.
Same for me, but putting 18 abaddons on the market or undercutting someone a lot is not the same as a higher turnaround, quite the opposite in fact.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.18 11:32:00 -
[4]
Edited by: General Coochie on 18/03/2009 11:35:35
Edited by: General Coochie on 18/03/2009 11:33:37
Originally by: Iskyu Geiveme
So let me see if i have this strait.
You whine that there were no Abbadons on the rens market, so you rushed to build some and list at inflated price. You then had a massive emo moment because someone else loaded the market with 18 ships at a lower price and you felt he stole your profits.
Then a few posts later you cackle that this person has made no sales of these said Abbadons and that because you were forced to move you were able to make a few isk elsewere while his lower priced ships are not selling.
Ok my question is.... would you be more happy if he didn't list his ships so you could instead have your ships listed there at a higher price and also not selling?
Its good to see so few understand the eve market. Because he instantly got undercut by the few other ppl (me one of them) on the market selling for a few isk lower. He isn't selling due to the price but due to being undercut by me with 1 isk and not updating his order often enough, which is the most important thing if you wanna buy and sell stuff, not the price cause demand is high in a trade hub, always.. . If he wasn't there I would have sold my 2 other Abaddons for 159 mill without a doubt. I've done this many many times  The reason I whine about it, is that its always the 18 BS ship guys that come along and ruins my and others profit and they hardly make any themselves. I've seen this over and over. They get no ships sold cause they aren't updating their orders often enough, but they force everyone else into less profits.
Quote:
Thing is, idiots are inefficient. You can make profit off idiots, because they do stupid things. So either these people are good for you, in which case, you shouldn't be complaining, or they're not idiots, in which case, they just plain undercut you; sorry, you fail, better luck next time.
You are right, I should be grateful really, more smart ppl would probably mean harder competition.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.18 22:18:00 -
[5]
Edited by: General Coochie on 18/03/2009 22:23:35
Originally by: Dzil
Originally by: General Coochie
Sold one for 159mill isk - very nice like 25mill profit.
I make two more. What do I see? Some ****** has put up 18 abaddons for 149mill.
Guess that poor bastard is only going to make 270 mil to your 25?
Thing is my other bill in investments bring in about the same profit. So no he is not making more isk then me. By the time he sells them 18 abaddons I sold 2.5 bill investments over and over and over.
I dont know maybe I suck at producing? But I think that making 50-100% profit / month is not bad. So if I invest 200mill I make a 100-200mill per month. (Naturally I invest a lot more then 200mill.)
Whats your profit / month?
Also I see what you mean when you say that they undercut so ppl leave the market (like me) so they can safely sell their ships. However.. There are a lot more ppl involved in the market most times when the profit is reasonable. Abaddons in rens are an exception at the moment as this guy is still pretty much alone with me and a few others selling abaddons. Normally there be several more ppl in the market by now starting to crash it down to 5% profit.
Playing the 0.01 isk games takes what? 1min of your time. If I'm playing eve anyway I do logg my alt in to sort this out every now and then. Maybe like you said 2-5 times a day.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.18 22:28:00 -
[6]
Quote:
If you are so confident, just buy them all and put them on market again at your higher prices. Saves you alot of time building and hauling these babies too :D
What I'm trying to say is; building 18 ships of the same type (or buying them) is not profitable. Theres always someone undercutting you making sales slow. Its way better to invest in a lot of things, especially whatever is highly profitable at the very moment.
Got Cooch?, solo PvP movie
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General Coochie
The Bastards
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Posted - 2009.03.19 16:21:00 -
[7]
Edited by: General Coochie on 19/03/2009 16:22:37
Originally by: Clair Bear
Some context for y'all.
Amarr ships don't sell for crap in Heimatar. As you may know laz0rs are not quite as effective as harsh language against the local Angel rats.
So your "idiot" (and I think I know exactly the manufacturer in question) is doing precisely what I did in that market. Build a huge batch, throw it out there at Jita material cost +5% and forget about it for a month. Lowends and mission loot both are pretty cheap in Heimatar so the actual profit is far higher than it appears.
That easy. It's simply not worth the typing to play .01 isk footsie for 3 days in hopes of selling one hull at maximum ISK.
If you want obscene margins with no competition try selling your abaddons in Derelik or Devoid. Granted, there may be no buyers either...
I've sold 7 in 3 days now, good enough (105mill profit), would probably have sold more if I made more but I thought the market would get flooded like it always does when profit is around 10%.
You should get a manufacturer alt :P But I see the reason for doing it in large bulks in that context. However its not efficient if you do wanna cash in the isk as I see it.
Quote:
Lowends and mission loot both are pretty cheap in Heimatar so the actual profit is far higher than it appears.
Dont understand what you mean by that really.
You said you made 1bill trading, how much did you invest in trading during this period?
I'm interested in you profit in % to see if my way really sucks as much as some of you make it out to do. It would only take me 1-1,5bill investments to make 1 bill a month.
Got Cooch?, solo PvP movie
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