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Dingo Skullcrusher
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Posted - 2009.11.05 01:36:00 -
[1]
...even if one considers keeping them running for months and then going for collection runs, i couldn't imagine myself flying to dozens of systems, docking at hundreds of station to collect small peanuts here and there.
are there people really doing this?
i for one have better and more profitable use for my time. just wondering.
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Mephistocles
Red Frog Investments
Blue Sky Consortium
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Posted - 2009.11.05 01:40:00 -
[2]
Most young players try it once... And regret it for the rest of their career. I remember spending about a week cleaning up the mess it left years back. Now, for high value low volume items it can be a viable tactic. But, for the majority of items it's just not worth it.
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El Kaposo
Amarr
Simtech Industrial Inc.
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Posted - 2009.11.05 01:52:00 -
[3]
 Originally by: Mephistocles
Most young players try it once... And regret it for the rest of their career. I remember spending about a week cleaning up the mess it left years back. Now, for high value low volume items it can be a viable tactic. But, for the majority of items it's just not worth it.
yes, i do agree for the high value items. one can even make courier contracts for those to get them delivered (bar from lowsec) to a central location and often still profit i suppose .
but i have seen so many regional buy orders covering about everything, including all minerals, salvage and whatnot.
most of the time they do not contain minimum sell volume even.
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Carine Parnasse
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Posted - 2009.11.05 02:04:00 -
[4]
Im a bit new to the game, so i havent tried this but i thought once i have billions lying around i cant invest, and lots of alts with open trade orders, i would do this.
Its not peanuts if you put up orders for hundreds of items in a modest range, leave it run for a while then set off to collect it all. It doesnt matter that you are pouring capital into buy orders that you wont get around to turning over for a few months once you are at the level investing in MD makes sense. In theory.
My other idea was a variation of the above, but instead of collecting them yourself, buy them with an alt corp wallet, and pay some newbie to join the corp and fly around collecting it for you.
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Dingo Skullcrusher
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Posted - 2009.11.05 02:14:00 -
[5]
Originally by: Carine Parnasse
Im a bit new to the game, so i havent tried this but i thought once i have billions lying around i cant invest, and lots of alts with open trade orders, i would do this.
Its not peanuts if you put up orders for hundreds of items in a modest range, leave it run for a while then set off to collect it all. It doesnt matter that you are pouring capital into buy orders that you wont get around to turning over for a few months once you are at the level investing in MD makes sense. In theory.
My other idea was a variation of the above, but instead of collecting them yourself, buy them with an alt corp wallet, and pay some newbie to join the corp and fly around collecting it for you.
the keyword in your post is 'modest range'. it makes perfect sense for a few jumps. the original question though was about regional orders specifically.
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Cabbs Babbage
RPS holdings
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Posted - 2009.11.05 02:38:00 -
[6]
I made the mistake of doing this, and then unsubscribing.
What do I get when I come back? an asset list across hundreds of stations. Im barely halfway through clearing them and I've been back for months. Pure luck on the drastic changes in one of the items during my break meant I got a good profit, but still, the goddamn stupid asset list still lives. Too much isk to trash, too little to go and retrieve.
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Signature Here. Eventually. Maybe. |
Business Ethics
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Posted - 2009.11.05 06:36:00 -
[7]
Edited by: Business Ethics on 05/11/2009 06:36:27
the old thread
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1034070&page=1#1
edit: now with hotlinks!
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MrShintou
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Posted - 2009.11.05 07:03:00 -
[8]
I did this once, I made 2.3 billion ISK in 1 week from 800Mill. It took me over a month to a collect.
All items in 0.0 or low low sec I just sold at max price to some other guy. Lost only taxes, but now it is his problem.
I don't recommend it. After I did this I quit the game for awhile because of how much it ruined my life
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flakeys
DRAMA Inc
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Posted - 2009.11.05 07:21:00 -
[9]
It gave me 50 billion in profit in 9 months on a 2.5 bille investment start.ONLY taking into account regional trading here so all my other acitivties such us bpo sales etc left out.Just wanted to mention this since i allways hear a lot of people both saying regional sucks and only people who play a LOT can do trade.Even an hour a day is enough for regional however it will draw you deeper and deeper.At a certain point i stayed docked for over 2 months on both my mains and only logged in to change orders.Hence why i'll blow up all my stuff from now on
The biggest downside is what i am countering now , i quit regionals last summer and now have quit trades in general.So it is time to clear up my regions and that takes a LOT of time.I know there are a lot of regions in wich competition is insane and then there are regions that are ok.Forge for example has a slowly running regional but the profits are bigger then in most other regions.Citadel has a low running profit since it is mostly dominated by one trader at this point yet the orders fill up verry fast.It's a matter of going through different regions and checking prices etc etc
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Ambo
I've Got Nothing
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Posted - 2009.11.05 08:03:00 -
[10]
I made about the same as flakeys did. I quit trading about a year ago, so the markets may have changed since then bit I imagine that regional buy orders are still the fastest way to reliably make large quantities of cash.
I found that beyond 10-20 billion or so, it becomes hard to leverage additional capital using this method but until then, it works wonders provided you have a decent system for dealing with the mess of items that's created.
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RaTTuS
BIG
Libertas Fidelitas
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Posted - 2009.11.05 08:16:00 -
[11]
Years ago I spent 300mil on region wide buy orders for ore,
I made the money back in a couple of weeks and 200% profit in a month or so , this was before all stations had refineries and the best hauler was an It5,
I still have massive amounts of ore in low sec that I've never got round to moving - but I move some and sell others when I'm in the region....
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3 Titans Lottery
EB | Capital |
Andron Blaxcor
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Posted - 2009.11.05 10:26:00 -
[12]
In answer to the subject, yes. Given the right circumstances and tactics for dealing with the vast array of stuff generated. As a quick note, if buying minerals or something else that generally sells in multiples of the item, minimum amounts on your orders are your friends, just to prevent you having 3 trit in every station in the region. Past that, I leave working out how to make profit as an exercise for the reader...
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Leana Darkrider
Minmatar
Creatio -ex- nihilo
The Donkey Rollers
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Posted - 2009.11.05 11:04:00 -
[13]
region buy orders are only handy for some items. But for most of them, regional buy orders are a *****.
I still use regional buy orders, and only once per month I'm going to collect the stuff. But it gives me great profit. So worth the time spend imo.
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If only EVE could cook, if only.... |
Vaerah Vahrokha
Minmatar
Dark-Rising
IT Alliance
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Posted - 2009.11.05 11:05:00 -
[14]
Quote:
I made about the same as flakeys did. I quit trading about a year ago, so the markets may have changed since then bit I imagine that regional buy orders are still the fastest way to reliably make large quantities of cash.
I found that beyond 10-20 billion or so, it becomes hard to leverage additional capital using this method but until then, it works wonders provided you have a decent system for dealing with the mess of items that's created
The first day I started trading I put a nice regional buy order for tritanium, without setting a minimum quantity.
That. Was. Pure. Hurt. 
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Auditing and consulting
Before asking for investors, please read
http://tinyurl.com/n5ys4h and
http://tinyurl.com/lrg4oz
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Hel O'Ween
Men On A Mission
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Posted - 2009.11.05 14:06:00 -
[15]
I always do regional buy orders. But than again I don't trade with stuff (and volumes) to fill freighters with. Once or twice a week, I'll hop into my blockade runner (more agile than your typical industrial and therefore better to fly) and collect the stuff I bought. Works fine for me, although I don't make a fortune that way.
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EVEWalletAware - an offline wallet manager |
Dretzle Omega
Caldari
Caldari Navy Volunteer Task Force
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Posted - 2009.11.05 15:07:00 -
[16]
Heh, and my mistake was only on a two jump order for Gamma S and some drone alloy (for refining)... in Pernirgman, with how many dozens of stations in that system.
I started to collect, but soon realized that I could better make up the ISK by running missions or something. I trashed it all. Thank goodness I made that mistake with low ISK investment. :P
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Capital Ambitions
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Posted - 2009.11.05 19:26:00 -
[17]
It works but you need to know what you're getting into.
* If you're one of those people who like a nice assets list, don't do it. You're going to have thousands of items in hundreds of stations some that you'll likely never retrieve.
* If you don't have billions to seed the region, don't do it. Its going to take a large invest to get enough items collected in one station to bother with hauling. Some stations you'll only haul out of every few months. Some maybe once a year. Some probably never.
* If you're expecting a quick return, don't do it. It also takes time for items to accumulate and you won't get too many bites on your low ball offers. Plan on spending at least a month buying before you start to see much of a return.
* If you're not planning on trading for the long term in that region, don't place the orders. Its nearly impossible to clean up the mess you'll make. The only way to profit off that mess is to keep buying in the region. The idea of shutting down a region wide buying scheme is ludicrous. Once you're in, you basically have to keep going or forfeit some of those assets you bought.
But if you can accept all that, there are some terrific margins to be made. I wouldn't use this as your primary source of income. But if you're entrenched in a region and looking for a way to invest excess capital, regional buy orders can work out great. Think of that region as your own personal bank/IPO minus the risk of being scammed. Throw your excess money in, setup contracts to bring you the pockets of profitable accumulation. If you're buying at the right price you aren't losing money on the items sitting waiting to be hauled. They'll get hauled eventually, you just need to get some more buys in that station. You'd be amazed how many people will haul for the 100,000 minimum on a courier contract. That's easy to cover if you're buying high value, low volume items at a deep discount. I'll often setup a contract for just 1 or 2 items out of a station.
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Kanatta Jing
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Posted - 2009.11.06 05:44:00 -
[18]
If for instance I wanted to buy 1600mm tungsten plates (a valued PVP mod and occaisional drop) in Esoteria for 3 million and sell for 4 million. A region with relatively few stations. I could use one buy order for the entire region and one sell order in each station.
In a area like Domain... no, it just wouldn't be worth it.
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Ebanni
Ebanni Mercantile
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Posted - 2009.11.06 11:22:00 -
[19]
Consider the amount of time it would take to simply collect and/or arrange courier hauler contracts to move your regional market purchases, say, twice a month, and you'll be a slave to your ISK if you aren't truly awesome at that kind of logistical management.
Uber "Trade" skills are geared to that kind of management, true, but do you have the time and commitment to run that kind of operation?
If you have to, give it a "test run" by limiting yourself to something like a 5 jump radius for two weeks and see how much of a workload you create for yourself.
By then you should have an inkling of what kind of exponential grind you can expect when running an entire Region on Region-wide orders. Good luck.
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Slavemaster
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Posted - 2009.11.06 15:13:00 -
[20]
Edited by: Slavemaster on 06/11/2009 15:14:18
If you are Not a trader then yes, use your 8 orders and try to get a 100* the value. Set a order
on xx at 100k for a 10 mil item, and forget the hole thing. If you are a trader you never go for region, due
to the fact you have to collect it as well.
- And the more isk you get, you wanna have it to stations only...
So.. No IMO
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Memphis Wade
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Posted - 2009.11.06 16:51:00 -
[21]
As said above, as a trader it probably doesn't make sense, but I'm a mission runner and as I haul my loot back home in my salvage ship I get a chance to check the buy/sell orders in my region (I haul everything that sells better in trade-hubs on a monthly basis) and any items I notice have extreme profit margins I set buy orders for (lots of things that sell for 2-5mill minimum can be purchased for 100k~ with buy orders from the lazy mission runner and similair markups in certain mission hubs. I do this with every load I ship off to a trade hub and after 2-3 months I go on a collection spree in my blockade runner, usually by that time I'm making 40+million profit per jump and running an optimized path it doesn't take that long and puts me at the front door of my chosen trade hub.
It takes too long to get enough stock up to make the collection worthwhile as a full time trading method, but as an earner on the side it gives me a huge cash injection every couple of months on top of the already lucrative mission income, and only takes a few hours to collect.
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Mystical Dawn
Minmatar
Sebiestor tribe
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Posted - 2009.11.06 17:30:00 -
[22]
Originally by: Dingo Skullcrusher
...even if one considers keeping them running for months and then going for collection runs, i couldn't imagine myself flying to dozens of systems, docking at hundreds of station to collect small peanuts here and there.
are there people really doing this?
i for one have better and more profitable use for my time. just wondering.
Hell yeah!
Let me tell more about it!
Firstly, you set orders to everything that doesn't have big competition over 3 jumps range. T2 mods, high end minerals, raw materials etc etc. Make the orders like 10-100 times under their real value.
Then wait, and wait, and wait.
When I did this in large scale, multi region, I did the collection run every two months. I used blockade runner, stations wich had lot's of stuff was done by contractor, and the cost was just fraction of the profit.
For long term trading they are highly usefull.
Also, I did start my trading career, by buying out T2 mods region wide and then all I did was constantly flying around in T1 frigate and collecting them, then relisting them at local tradehub. Lowsec for example is great for that, pirates in many times just throw the loot in market instead of putting it on sell orders.
Region wide orders are not for people who are suffering from ADHD. 
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Robacz
Essence Enterprises
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Posted - 2009.11.06 19:02:00 -
[23]
Originally by: Dingo Skullcrusher
...even if one considers keeping them running for months and then going for collection runs, i couldn't imagine myself flying to dozens of systems, docking at hundreds of station to collect small peanuts here and there.
are there people really doing this?
i for one have better and more profitable use for my time. just wondering.
What if you use them for something bigger than small peanuts?
Regional buy orders are source of a great profit if you know how to use them.
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Capitalist Swineherder
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Posted - 2009.11.06 21:29:00 -
[24]
the logistics aren't bad at all with EMMA. Use the auto-contractor to quickly see where to haul for the best profit. I spend maybe 15 minutes a day setting up contracts. It takes longer to do a round of order updates in the .01 isk wars.
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