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Dragonsta
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Posted - 2010.05.29 09:04:00 -
[1]
Hey just a quick one. I'v recently started manufacturing. So far I have just been using up materials that i have had saved from my time missioning. But I have also been checking out the market to see what is good to start making and using a manufacturing calculator on battleclinic to work out if ill make a profit. The problem I'm having is that most of the tech 1 modules can only really be made at a loss (I'm not a guru on the market yet still learning but i cant see how to make a profit from them). I was just wondering if anyone actually makes isk out of Tech 1 modules or is it all in rigs/ships for tech 1.
I'll keep researching and hopefully find something profitable to make while i wait for my skills to train so i can head to Tech 2 stuff
Thx
DS
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Greymoon Avatar
Greymoon Industries
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Posted - 2010.05.29 09:32:00 -
[2]
Realistically, I don't think that anyone makes money at this game unless you have been at it a very long time. The markets are all flooded, and it's not going to get any better with the insurance nerf.
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Dragonsta
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Posted - 2010.05.29 09:35:00 -
[3]
Fair enough. I think i might stick to doing missions and manufacturing on the side. at least until i get the hang of things
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Barbicane
TGUN Industries
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Posted - 2010.05.29 09:35:00 -
[4]
You need a well researched BPO (with "waste" close to 0) and Production Efficiency trained to level 5. You should also consider placing buy orders for the minerals rather than buying from the sell orders.
Tyrannis introduced some changes to the T1 market in that T1 modules no longer drop as mission loot. This should make it easier to turn a profit from manufacturing T1 equipment eventually, but in the beginning it might very well be the opposite since it could be a lot of people are jumping on it, hoping to make some easy money.
Also mineral markets are in a turmoil this close to post-patch. They will settle down eventually.
My advice for now: Keep running missions for a couple of weeks and let the market settle. Then do those calculations again.
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Lord Yusheng
Minmatar
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Posted - 2010.05.29 10:57:00 -
[5]
 Originally by: Barbicane
Tyrannis introduced some changes to the T1 market in that T1 modules no longer drop as mission loot.
They still do, only battleship sized wrecks have a reduced chance, everything below has the same (seems like increased TBH, getting tons in my level 3's).
I think a new player getting into manufacturing is a lot harder, especially T1 market. Not only do you need to do extensive research into what will make profit, you need to compete against those who have been doing it for years. The mineral market is very wonky at the moment so it might be best to wait and let it settle. You could also try joining an industrial corp, might not be as profitable then going solo but might prove to be very valuable knowledge.
Or do what I plan on doing, Invention / Manufacturing, veeery lucrative if you know what to do.
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Whitehound
The Whitehound Corporation
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Posted - 2010.05.29 11:21:00 -
[6]
When you start should you only manufacture what you can use for yourself or by your corp mates. This way will it not go to waste.
Do not reprocess items to build new items. At least not at start. You will make more ISKs by selling loot from mission runs at Jita than by reprocessing the items and building new ones. The prices difference between sell orders and buy orders is often so small that there is nothing to gain.
Once you start manufacturing for a profit try to find those items and those markets where you see a constant up and down in the item's price. For example when the 20-day average price of the last year has the shape of a wave. You can then place the item on the market near the average and will get your items sold sooner or later.
If the price curve of an item is flat for more than a year, or in constant decline, then there will be players who control the price and you will not be able to sell any significant numbers of items and make a profit at the same time. Some players use all their ISKs and skills to control the price of a single item and will not give it up.
Try to avoid the big market hubs at first and sell your items outwards. Some players use all their orders to buy and sell at just one point - the market hubs - and you do not want to compete with them when you do not have the ISKs and the skills yet.
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Cyan Cure
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Posted - 2010.05.29 17:11:00 -
[7]
Get Production Efficiency to 5, research your BPO and the only problem is, how long do you want to wait to sell. From ANY calculation i have made you make a fair profit even by plain buying minerals from sell orders and going from there.
If you're running missions then make sure you get good standings with the corporation that owns your manufacturing station. Research Material Efficiency on your BPOs, it's best to set up a POS for it, or ask around in your corporation. Train your production skills and you're all set. Having a fiew trading skills atleast at level 3 doesn't take much time and it'll shave off some extra costs and help alot with your trading.
T1 Manufacturing can bring you profit, but you have to produce and sell in high volumes if you want to be competetive. Untill you're capable of that, you'll be better off (profit wise) runnimg missions.
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Vol Jbolaz
Odinsdagrting
United Trade Syndicate
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Posted - 2010.05.29 17:26:00 -
[8]
Yes, it is hard to make money at T1 module production. I honestly think most of the people that are building and selling T1 modules are doing it at a loss, possibly because they don't understand the math.
Note, there are some T1 modules that do make money. There is just a handful, though. And with the nerf to loot drops, it is possible that T1 module prices will rise.
If you want to get into manufacturing, though, my corp is recruiting. I will be more than happy to set you up if you really want to explore a career in high/low sec industry.
Vol Jbolaz
Odinsdagrting CEO
Blog, @vol_jbolaz |
munitqua
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Posted - 2010.05.29 19:45:00 -
[9]
i make money with T1 production, you need to do the math though. Check out Didaf's industrial tool it calculates everything for you. You know exactly how much it costs to produce something. It is a very handy tool.
But yeah, most T1 products have very low profit margins. Just check out the market for updated prices and see where you can make a profit.
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