| Pages: [1] :: one page |
|
|
| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Ilyena Telamon
   |
Posted - 2010.02.10 03:18:00 -
[1]
How the heck is this possible? I can make 200 million over the course of a month, but that required me to ship T2 modules around from region to region to maximize profit margins and eliminate the whole "buy order" tie up that happens when you stay in one place. That also completely burned me out for a year. I've only just come back and am taking pains to avoid spending all my time in the game updating buy and sell orders to be the top of the stack.
The only way I could see an individual making this much money is if you manufacture stuff, and have a steady stream of minerals, salvage, and the like streaming in from suppliers rather than through buy orders on the market.
Now a corp could make an order of magnitude more than that, simply through taxing your ratting members, but I just don't see how an INDIVIDUAL can.
|
SetrakDark
Caldari
DarkCorp Holdings
|
Posted - 2010.02.10 03:19:00 -
[2]
Buy for a dollar, sell for two.
|
Ilyena Telamon
|
Posted - 2010.02.10 03:23:00 -
[3]
 Originally by: SetrakDark
Buy for a dollar, sell for two.
There's not a whole lot of stuff with profit margins above 30%. The amount of stuff flowing through those high profit margins stuff is also limited. When I made my 200m with trading I completely ran out of high margin stuff to move by the time I'd hit 150m isk. If your capital stock is in the billions you're working with stuff that has single digit margins, and that means you need to sell loads of it, and need to keep it at the top of the buy/sell order stack ALL the time.
|
Rykker Bow
|
Posted - 2010.02.10 03:28:00 -
[4]
Edited by: Rykker Bow on 10/02/2010 03:28:40
Originally by: Ilyena Telamon
I've only just come back and am taking pains to avoid spending all my time in the game updating buy and sell orders to be the top of the stack.
I would suggest trading but as you said it may not be for you. I made 5.28 billion this month in trading and that was starting with a 200m bankroll. If you want the money you need to stay where the money's at. Next month's projection is 8-9 billion.
|
SetrakDark
Caldari
DarkCorp Holdings
|
Posted - 2010.02.10 03:28:00 -
[5]
I made 240m today with 20-30 mins of actual updating and checking. Admittedly a very good day, but 100m with even less time spent? Np.
Some people make 500m-1b every day.
|
Frenden Dax
Dax Acquisitions
|
Posted - 2010.02.10 03:31:00 -
[6]
You are limited by your imagination. If your imagination extends no further than buying from sell orders and trading T2 modules between regions, you are doomed to poverty.
Hint: there are more things to trade in than T2 modules, and even a small percentage margin on some items is a large actual profit.
|
Akita T
Caldari
Caldari Navy Volunteer Task Force
|
Posted - 2010.02.10 03:38:00 -
[7]
Edited by: Akita T on 10/02/2010 03:43:42
PLAN A
Buy/loan/steal/whatever 10x tier-3 battleship BPOs (preferably moderately researched).
Put up mineral buy orders.
Build ships.
Sell ships ; alternatively, insure ships, get them destroyed.
= 3 to 7 bil ISK / month
PLAN B
Find quiet lowsec area.
Put up several reaction towers up.
Put up moon mineral and POS fuel buy orders.
Haul moon minerals and fuel to reactors, haul back advanced materials.
Sell advanced materials.
= 1 to 3 bil ISK / month per reactor chain group
PLAN C
Park in market hub.
Put up countless low-ball-ish buy orders for just about any high-volume item barely below market average.
Put up purchased stuff at barely above market average in the same place.
= 1 to 10 bil ISK/month, depending on talent and/or laziness
... and so on.
_
Beginner's ISK making guide | Manufacturer's helper | All about reacting
_
|
Jezzica
|
Posted - 2010.02.10 03:40:00 -
[8]
Or sell the ships for even more profit, if you have the patience.
|
Priue Nvidess
Gallente
Amarr Engineering
|
Posted - 2010.02.10 04:09:00 -
[9]
I currently have about two billion isk invested in various items. Each day I clear my inventory, netting me about 10% profit (about two hundred million isk) per day. Since I'm so kind, I'll tell you how I do it for free. I go from hub to hub and check certain items that sell for high amounts. I have a hauling main which can take the orders from cheaper hubs and ship them around the galaxy. In order to keep profits up, I currently have three accounts with a total of seven characters in hubs actively selling. All of this is done without buy orders of any kind.
NEVER buy items that aren't worth at least a 10% margin when shipped to somewhere else and NEVER have more than you can sell in 24 hours.
The reason I currently only have two billion isk is because I started trading late into my character's existence and let myself get burnt out too quickly. I left the game for several months and have only now returned. The most important thing is to only update your orders if you really want to and to make sure that you only have enough stock for a single day at a time, that way if any one item loses its profit margin or you get bored, you won't lose huge amounts of isk. You can stick with it long enough to liquidate your stock extremely quickly.
|
Liang Nuren
No Salvation
War.Pigs.
|
Posted - 2010.02.10 04:22:00 -
[10]
Edited by: Liang Nuren on 10/02/2010 04:23:59
I dunno, I made 200M yesterday on 350M capital. You're doing it wrong. /shrug
-Liang
Ed: I should point out that I don't check my market orders frequently at all. I said "I made 200M yesterday" because I didn't make anything for the week before that. My high volume orders were out. :( And no I'm not the idiot selling for 20% under market value or something.
--
Liang Nuren - Eve Forum ***** Extraordinaire
www.kwikdeath.org |
|
|
Rasheki
|
Posted - 2010.02.10 04:26:00 -
[11]
I make 120-200m daily; I have virtually no skills in production, industry, trade or research. For a price, i'll tell you how I do it, I will not do so on open forum.
|
Spruillo
|
Posted - 2010.02.10 05:54:00 -
[12]
Originally by: Rasheki
I make 120-200m daily; I have virtually no skills in production, industry, trade or research. For a price, i'll tell you how I do it, I will not do so on open forum.
Price=120-200m?
|
Clair Bear
Ursine Research and Production
|
Posted - 2010.02.10 06:05:00 -
[13]
Confusing trading with hauling is nearly as bad as considering minerals you mine yourself as manufacturing profit. While you're hauling for a pittance you're not there to .01 isk your way into a fortune.
100M a day is a cakewalk. Heck, you could probably get that smartbombing ice miners with enough alts.
Now, a billion/day is much harder to do reliably.
And in summary, bigger blobs are the answer. Now what was the question? |
tsontoka
|
Posted - 2010.02.10 06:20:00 -
[14]
excuse me for my bad english,but it is not my native language.
Im on the same boat as you m8.
I made this alt before christmas to support my main.
His skill plan is 200+ days long so he is useless till then,so i thought i could make some isk through market.
What i've done a year ago with my main when i was very low on isk was, i bought expanded cargoholds II from jita through sell orders and then went and sold them in dodixie/aunia.It took me 1-2 days to sell 300 but i made around 150k each,so it gave an extra boost to my income and i was only checking the order 2-3 times per day.
Right,so i wanted to make some isk with this alt for him to not be useless until his skillplan finishes.I transfered 500mil from my main and went to jita..
I read some stickies and some guides to understand the market graphs first and then i set a few buy orders at first for some t2 items.
I sat 5-6 hours playing the 0.1 isk game and i havent had even 1% of my orders filled.It seems noone was selling his products that day,maybe i missed something on the market graph.
Btw, i filled 3x20 buy orders for each item so i could be on top all the time because of the 5 minute timer.Each time someone would undercut me,i would modify one of my 3 orders that didnt have a timer...you get the trick.
Eventually i moved to another region with lower competition and placed some buy orders there.
Orders were filled more easily and i found an item that gets me around 400k per item sold and i sell about 50 per day.So,thats 20mil per day without babysiting the orders...good for now until i do spent some more time trying to figure out the market.
I have 300mil in my wallet and 500 mil in sell orders but i dont know how much time will take me to sell all these items.
(Did i make 300mil?? nooo, i havent sold these items yet)
each day my wallet grows 20-25 mil with one item traded.i believe you can make 5-10 times that by investing in more items..
Dont believe anyone who says in here they make 1bil a day, its not THAT easy..Sure,it will be easy if you do your study and there are people who know the market well, but its not the majority here and what i see in MD is the majority bragging about making billions.
Dont give up, just play with some items for a few days until you understand how it works
|
Akita T
Caldari
Caldari Navy Volunteer Task Force
|
Posted - 2010.02.10 06:20:00 -
[15]
Edited by: Akita T on 10/02/2010 06:23:46
Stop educating the unwashed masses, CB !
If we would not have our wageslaves less fortunate game players to do the dirty jobs for a pittance (like, mine mindlessly, shoot NPCs ceaselessly and then salvage soullessly or just haul chaotically across regional boundaries) our nice and cozy once-in-a-while updated tradehub orders would seldom fill up or get sold...
On second thought, most of them don't read the forums much, so educate away 
_
Beginner's ISK making guide | Manufacturer's helper | All about reacting
_
|
Kushan
Taggart Transdimensional
Virtue of Selfishness
|
Posted - 2010.02.10 07:02:00 -
[16]
I used to be poor, like you, until they added female voice masking in a recent. Now I sell hot cybar all day in Jita, and make fortunes. My self respect was a pittance to pay compared to the isk I make (nearly 100m for only 12 hours of talking)
|
Taua Roqa
Minmatar
Vast Castle
|
Posted - 2010.02.10 11:13:00 -
[17]
am currently drying the ink on my latest batch of fake isk notes out on the washing line. talk about launderying money.
you can tell i don't make my isk telling jokes.
[ |
Xar0
|
Posted - 2010.02.10 11:35:00 -
[18]
Once you get into it, the only real question is: how do you NOT make 100mil per day.
|
JASON W0RTHING
Nullus Miseratio
|
Posted - 2010.02.10 11:42:00 -
[19]
Edited by: JASON W0RTHING on 10/02/2010 11:41:55
Originally by: Ilyena Telamon
How the heck is this possible? I can make 200 million over the course of a month, but that required me to ship T2 modules around from region to region to maximize profit margins and eliminate the whole "buy order" tie up that happens when you stay in one place. That also completely burned me out for a year. I've only just come back and am taking pains to avoid spending all my time in the game updating buy and sell orders to be the top of the stack.
The only way I could see an individual making this much money is if you manufacture stuff, and have a steady stream of minerals, salvage, and the like streaming in from suppliers rather than through buy orders on the market.
Now a corp could make an order of magnitude more than that, simply through taxing your ratting members, but I just don't see how an INDIVIDUAL can.
I like your name.
|
skurv
|
Posted - 2010.02.10 11:47:00 -
[20]
Originally by: Ilyena Telamon
There's not a whole lot of stuff with profit margins above 30%. The amount of stuff flowing through those high profit margins stuff is also limited.
You're looking at high profit margin things rather than high volume items. if you sell 10 of an item at 30% margin you're still most likely making way less than if you sell 100 of an item with a 10-15% margin.
Quote:
If your capital stock is in the billions you're working with stuff that has single digit margins, and that means you need to sell loads of it, and need to keep it at the top of the buy/sell order stack ALL the time.
You only have to update buy/sell orders if you're playing the 0.01 isk game. personally i don't do that, but i only run about 200m profit a week. I do not margin trade and i didn't start with billions invested either. it's a matter of finding the right place to sell the right items, and then just keep selling them there.
If you don't like trading, i might suggst missioning, as hours a day doing those will eventually land you in the 50-100m range of income daily=).
|
|
|
KIvante
|
Posted - 2010.02.10 15:13:00 -
[21]
other plan i do:
Solo havens/sanctums = 10-15mil/20min
or = 30/45mil / hour
|
Santana IV
Sardaukar Merc Guild
General Tso's Alliance
|
Posted - 2010.02.10 15:46:00 -
[22]
Funny, I was asking MD this a few weeks ago pulling in 20m/day.
I do 70m/day now, with about 30-45 minutes per day of order updates all based on buy low, sell high.
♦♦♦♦♦
|
Wyke Mossari
Gallente
Staner Industries
|
Posted - 2010.02.10 17:55:00 -
[23]
Edited by: Wyke Mossari on 10/02/2010 18:02:54
There are as many ways to make isk as players, but I'll drop a couple of my spares.
You can make 100m a week running small arms from gallente space to minmater space with a hauler alt, hell you can do the same with hydrogen batteries almost anywhere.
Take ammo to any (every) mission station, good isk if you have the sell orders, start with T1 move on to T2 as you can afford it.
COSMOS relics and artifact, because everybody has stopped running those missions, the components to build the COSMOS BPCs are scarce and the values of the artifact has rocketed, the sites are deserted and safer than wh space.
|
FunzzeR
Death of Virtue
MeatSausage EXPRESS
|
Posted - 2010.02.10 18:47:00 -
[24]
Economies of scale brings home the bacon in my experience.
PRAISE THE SCOTTISH FOLD!!
THEIR WILL SHALL BE DONE!! |
Taram Caldar
Blackwater USA Inc.
Gentlemen's Club
|
Posted - 2010.02.10 19:00:00 -
[25]
Edited by: Taram Caldar on 10/02/2010 19:00:55
Meh... my reply got nuked during the DB crash apparently.
My advice is simple:
Nearly any activity, if you're good at it, in this game can eventually get you to where you make > 100mil/day. Seriously.
So find something you really enjoy, and do it. Once you are good at it the isk just rolls in. Missions, mining, trade, invention, manufacturing doesn't matter. It can be done... yes... even mining...
After all... this game really isn't about 'making money'.... at least it's not supposed to be. The game is about *having fun*. Something so many always seem to forget. So... go out... have fun... enjoy the GAME and stop worrying about what the neighbors are doing and the isk will eventually come.
Market Alerts Mailing List
|
JitaPriceChecker2
|
Posted - 2010.02.10 20:22:00 -
[26]
100 mil is about 2 and a half anomaly ( depends on nanoribbons) in c3 wormhole. About 1,5hr of work in drake.
|
Akita T
Caldari
Caldari Navy Volunteer Task Force
|
Posted - 2010.02.10 22:13:00 -
[27]
Originally by: skurv
You're looking at high profit margin things rather than high volume items. if you sell 10 of an item at 30% margin you're still most likely making way less than if you sell 100 of an item with a 10-15% margin.
Considering I get some degree of profit even if the margin is barely above 1.1%, I'd say even trading in items with a 3% margin (if the volume is high enough) works just fine too.
_
Beginner's ISK making guide | Manufacturer's helper | All about reacting
_
|
|
|
| |
|
| Pages: [1] :: one page |
| First page | Previous page | Next page | Last page |