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Refined Gold
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Posted - 2010.07.06 15:52:00 -
[1]
Hi I've seen a few posts where people indicated they started off with little isk and have turned it into billions easy.
My question is this. With a starting float of 1bil should I be able to make enough station trading to pay for the account? So ~300mil/mo.
Finally I also see some discussions in here regarding making billions off of things like manufacturing hulks... is that from researching the BPC's and selling them or is that from actually making the ships?
Thanks.
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Marcus Atntony
The Element Syndicate Hand That Feeds
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Posted - 2010.07.06 17:06:00 -
[2]
Yes you can. Outside of that the are so many expansive answers to the questions you asked (not to mention most people dont like sharing profit making info) that the answers may be brief.
Number one thing i can think of is that there is no "easy" way to get rich fast in eve, else everyone would be already. You can make good isk trading, but need to invest the time and effort to table trade values, move goods, ect. Same goes for manufacture ect.
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Simon Sei
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Posted - 2010.07.06 17:14:00 -
[3]
Yes.
The thing you must figure out is how much your time is worth. You can do a lot of ingame effort to make the 300M to buy a PLEX that is worth $15.
If in the end it takes you 2 hours a day, every day to make the 300M, then you are "making" $.25/hour. Maybe that is more then you could make elsewhere in life, but I hope not.
Now if you can make the 300M in 2 hours of game time ... well that is still a pretty crappy rate of pay.
But now if you ENJOY sitting in station looking over trades and all that sandbox type stuff then by all means do it 16 hours a day, just don't do it to make a PLEX, to justify playing. In the end you will just get burned out.
On the other hand, unless you want to sell PLEX's as your sole source of income (and CCP loves all you guys who do), you will have to find some time sink to generate income, and in the end they are all just that, time sinks.
Simon
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LHA Tarawa
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Posted - 2010.07.06 17:18:00 -
[4]
Originally by: Refined Gold Hi I've seen a few posts where people indicated they started off with little isk and have turned it into billions easy.
Easy as in "anyone can do it", sure.
Easy as in "with little time or effort", NO WAY.
Whether you're sitting in a belt for hours shooting rocks, or grinding missions, or sitting in a station babysitting your buy/sell orders, kicking off manufacturing jobs, transporting goods, etc, etc, etc... it all takes time.
For passive? You can sign up with R&D agents.. that is true passive income... And tops out at about 50 million ISK a month, per toon.
You can 'bot mine... until you get caught and have those toons banned.
PI isn't too intensive.... 15 minutes of repetative double clicking 1 to 3 times a day, per toon.
Moon harvesting is fairly passive, AFTER you've gathered 50+ friends to spend hours to blow up the POS of the guy currently holding the moon and until you have to regather those 50+ guys to come defend it when someone comes to take it from you.
Other than that, the dream of passive income is similar to that story about a guy that comes down your chimney once a year and leaves gifts.
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Abdiel Kavash
Caldari Paladin Order Fidelas Constans
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Posted - 2010.07.06 17:27:00 -
[5]
Edited by: Abdiel Kavash on 06/07/2010 17:29:32 I am spending about 10 minutes in total every day, plus about an hour every 4-5 days, to make 150-200 MISK/day; 250 if I try a little harder. I would consider this quite a passive income. Plus I have time to run anomalies or w/e else to make extra money on top of this.
You will certainly get people telling you about making a bilion every day, though my question is: What is the effort necessary to do it? And: What do you need a bilion every day for? I am not really a fan of making ISK just for the sake of it. For the day-to-day losses, about 100M a day should be way more than enough, if you do not fly really expensive stuff or don't make stupid mistakes.
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Refined Gold
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Posted - 2010.07.06 17:34:00 -
[6]
Oh sure I'm not expecting a get rich no work effort to making the money...
My question is, with 1bil in isk should I be able to make 300mil with an hour or so a day doing station trading over the month, or is that not a sufficent base of isk to work with? (i've read some postings of guys working with less than 1bil and balloning that into 30bil in a month or some such crazyness and was wondering if I'm doing something wrong.)
As for the ship production I was wondering if that profit is coming from buying the ore's making the ship and selling the ship at the market prices which is way more than the ores, or is profit typically made via bpc's in that case... or both?
Thanks.
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Lars Scanier
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Posted - 2010.07.06 17:38:00 -
[7]
Originally by: Refined Gold Oh sure I'm not expecting a get rich no work effort to making the money...
My question is, with 1bil in isk should I be able to make 300mil with an hour or so a day doing station trading over the month, or is that not a sufficent base of isk to work with? (i've read some postings of guys working with less than 1bil and balloning that into 30bil in a month or some such crazyness and was wondering if I'm doing something wrong.)
As for the ship production I was wondering if that profit is coming from buying the ore's making the ship and selling the ship at the market prices which is way more than the ores, or is profit typically made via bpc's in that case... or both?
Thanks.
I don't know just a little about trading, but it does seem time intense. As for the ship production, I would assume you need Production Effiecency V to be able to compete with those who do.
Good luck.
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LHA Tarawa
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Posted - 2010.07.06 17:43:00 -
[8]
Originally by: Lars Scanier
I don't know just a little about trading, but it does seem time intense. As for the ship production, I would assume you need Production Effiecency V to be able to compete with those who do.
Good luck.
What you need is an alt account macro mining. Otherwise, you're still playing the trader game of hours doing market orders to get the materials and more hours doing market manipulation to sell the ships.
Ship building is a convenient way for the macros to convert all their minerals into ISK.
There is little profit in it for anyone else.
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Emporer Norton
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Posted - 2010.07.06 17:45:00 -
[9]
As far as making ships are lots of ways to make isk depending on skills etc for t2 not all ships are profitable to be invented but depending how much work you want to do can make isk by building t1 ship used in t2 production for less then market/buy order price by building components for less etc as long as cost less to build/for materials then what is sold for same as anything else
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LHA Tarawa
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Posted - 2010.07.06 17:58:00 -
[10]
Originally by: Abdiel Kavash I am spending about 10 minutes in total every day, plus about an hour every 4-5 days, to make 150-200 MISK/day; 250 if I try a little harder. I would consider this quite a passive income. Plus I have time to run anomalies or w/e else to make extra money on top of this.
So, which is it?
An older player that scored BPOs?
One of the chosen few of a mega alliance that gets to run a rare moon?
Macro miner extracting 23.5/7?
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Princess Strawberry
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Posted - 2010.07.06 19:26:00 -
[11]
As an experiment, I started a corp off with 1.4 billion isk in investment and 2 characters, made just under half a billion profit in the first 20 days of sales.
Pretty comprehensive details of my first month can be found here. -------------------------------- http://eveonomics.blogspot.com/ |
Jovialmadness
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Posted - 2010.07.06 21:52:00 -
[12]
Originally by: LHA Tarawa
Originally by: Abdiel Kavash I am spending about 10 minutes in total every day, plus about an hour every 4-5 days, to make 150-200 MISK/day; 250 if I try a little harder. I would consider this quite a passive income. Plus I have time to run anomalies or w/e else to make extra money on top of this.
So, which is it?
An older player that scored BPOs?
One of the chosen few of a mega alliance that gets to run a rare moon?
Macro miner extracting 23.5/7?
Omg dude are you really gonna be a little ***** all over again? |
Abdiel Kavash
Caldari Paladin Order Fidelas Constans
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Posted - 2010.07.06 21:54:00 -
[13]
Originally by: LHA Tarawa So, which is it?
An older player that scored BPOs?
One of the chosen few of a mega alliance that gets to run a rare moon?
Macro miner extracting 23.5/7?
Neither. A player who can use common sense and look for supply and demand, not just follow the ten thousand other people doing the same thing.
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Reyona
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Posted - 2010.07.07 09:55:00 -
[14]
last market trading i did was a few days ago...took about a couple of hours, only 2 of my accounts, a total investment of 700M and it all ended in a net profit of about 550-600M. it's not like that every day, ofc, but it can be fun.
with 1B you can easily make the 300M every month...the trick is to look at what the market has to offer and what could you turn into profit by exploiting other people's laziness or inexperience. and all that using common sense and logic, buying something for 1M and selling it for 2M means less money than buying something for 2M and selling it for 4M. that's all you need to know really |
Fumitsugu Sylwia
Guristech One Stop Research
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Posted - 2010.07.07 10:22:00 -
[15]
Originally by: Abdiel Kavash
Originally by: LHA Tarawa So, which is it?
An older player that scored BPOs?
One of the chosen few of a mega alliance that gets to run a rare moon?
Macro miner extracting 23.5/7?
Neither. A player who can use common sense and look for supply and demand, not just follow the ten thousand other people doing the same thing.
I feel a certain bitterness emanating from Tarawa. It is perfectly feasible to make reasonable money fairly passively. That's why I like trading and industry. You can leave it ticking for a few days and still make acceptable ISK, or you can trade on active mode and make more. It's up to you.
The time consuming bit is deciding where to build/trade and what to build/trade, but that gets easier once you're settled. |
Abdiel Kavash
Caldari Paladin Order Fidelas Constans
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Posted - 2010.07.07 14:26:00 -
[16]
Originally by: Fumitsugu Sylwia I feel a certain bitterness emanating from Tarawa. It is perfectly feasible to make reasonable money fairly passively. That's why I like trading and industry. You can leave it ticking for a few days and still make acceptable ISK, or you can trade on active mode and make more. It's up to you.
The time consuming bit is deciding where to build/trade and what to build/trade, but that gets easier once you're settled.
Exactly. Just like PI, only that you can decide when to do your clicking (updating your orders), you can choose any interval from minutes to days, and the more often you do, the more ISK you make. Oh, and it's about 100 times more profitable.
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Cipher Jones
Minmatar
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Posted - 2010.07.07 17:24:00 -
[17]
it would be relatively easy to "play the market" and make 300 mil a month with a 1 bil investment. Theres price raphing for everything, follow the trends.
Also, watch the movie Pi. It really helps. This is clearly a signature. |
Pookoko
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Posted - 2010.07.08 01:54:00 -
[18]
Obvious point, but since you seem to be quite new to trading I'll say this: train Margin Trading and your 1 billion capital will suddenly become a lot more, which will allow you to trade low volume/high price per unit & high margin items for which you don't need to update your orders too often.
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Lord Grimmas
Azure Freelancers
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Posted - 2010.07.08 03:49:00 -
[19]
Originally by: Refined Gold As for the ship production I was wondering if that profit is coming from buying the ore's making the ship and selling the ship at the market prices which is way more than the ores, or is profit typically made via bpc's in that case... or both?
You have to do this math yourself for every item that you want to manufacture, but typically the profit is not "way more" but more like in the range of 1% to 2% (at least for the items I did the math for - it varies widely). But everyone and their pet dog builds ships, as it's the cool thing to do and everyone fancies themselves a real space tycoon by doing so, thus there's hardly any profit in building ships. And you can't easily move ships around without a freighter. I would look into other manufacturing like ammo or modules.
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Reyona
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Posted - 2010.07.08 11:53:00 -
[20]
this is so typical... this is why most people hear about making big ISK by market trading but have no clue how to do it...
if you treat it like your main profession, you can double a 1B investment in a few hours, this every few days. and the only thing stoping most people from doing this is not thinking inside the box...your mind imposes inexistent barriers and makes false assumptions/exclusions on a regular basis and that's why it's hard to find the pot of gold. don't assume ANYTHING, look at the market for 15 minutes without doing buying/selling/etc and it might come to you.
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