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Verum Peto
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Posted - 2010.07.11 07:28:00 -
[1]
I enjoy the buying/selling and trading in eve but alot of my slim profit margins are killed by the sales tax/broker fee's what can i do to reduce these from eating my profits?
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Verum Peto
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Posted - 2010.07.11 07:36:00 -
[2]
Note: Accounting and broker relations are at level 4 and it just seems that its still way high.... like if my profit from selling someting is say 50,000 ISK but the fee's are like 120,000 ISK, thats stupid! The tax makes more profit than me!
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Desmont McCallock
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Posted - 2010.07.11 08:11:00 -
[3]
Tax can't drop under 0.5% (Accounting at lvl 5). Broker fee is reletad also with your standings towards the NPC corp that owns the station.
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Helen Hunts
Gallente
Red Dragon Mining inc
Red Dragon Industries
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Posted - 2010.07.11 08:45:00 -
[4]
You might get more detailed information (including the magic equation) from the Market Discussion section.
Broker fees are actually reduced (or raised) by one's standings with the NPC corp that owns the station as well as one's standings with the Faction that the NPC corp falls under.
If you do lots of Minmatar missions, the Broker fees in an Amarrian corp station are likely to be.... a little high. If you make the same order in a Minmatar station, the fees will be significantly lower.
Both Broker fees and taxes are reduced somewhat by the Broker relations and accounting skills as well.
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Lost Hamster
Hamster Holding Corp
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Posted - 2010.07.11 10:52:00 -
[5]
 Originally by: Verum Peto
Note: Accounting and broker relations are at level 4 and it just seems that its still way high.... like if my profit from selling someting is say 50,000 ISK but the fee's are like 120,000 ISK, thats stupid! The tax makes more profit than me!
Don't sell with that low profit. :) I usually have a minimum profit of 10%, if it's bellow that I don't consider to trade that particular item.
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Estel Arador
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Posted - 2010.07.11 11:49:00 -
[6]
Check out this chart made by Thoraemond.
The formula was figured out by MD residents some time ago.
Free jumpclone service|1092 stations! |
Verum Peto
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Posted - 2010.07.11 17:26:00 -
[7]
I just did a small trade as example. i would have made about half a mil but i made like 2000 ISK because my fees were like 450,000 ISK i just dont see what im doing wrong with my skills being @ level 4's... and is the sales tax/broker fee's the same on say a larger order so if i did a bigegr buy/sell i wouldnt hit such a big dent in profits?
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Estel Arador
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Posted - 2010.07.11 17:37:00 -
[8]
Originally by: Verum Peto
I just did a small trade as example. i would have made about half a mil but i made like 2000 ISK because my fees were like 450,000 ISK i just dont see what im doing wrong with my skills being @ level 4's... and is the sales tax/broker fee's the same on say a larger order so if i did a bigegr buy/sell i wouldnt hit such a big dent in profits?
Did you bother to read the previous replies?
Free jumpclone service|1092 stations! |
Bob Tendo
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Posted - 2010.07.11 20:30:00 -
[9]
Taxes and Fees don't kill profit, Taxes and Fees just add to cost. Profit is what is left over when all expenses are taken into account. Start including the Taxes and Fees into your calculations as a known expense, and you will be less likely to make bad trades.
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Lord Grimmas
Azure Freelancers
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Posted - 2010.07.11 22:19:00 -
[10]
Originally by: Verum Peto
I just did a small trade as example. i would have made about half a mil but i made like 2000 ISK because my fees were like 450,000 ISK i just dont see what im doing wrong with my skills being @ level 4's... and is the sales tax/broker fee's the same on say a larger order so if i did a bigegr buy/sell i wouldnt hit such a big dent in profits?
The fees are proportional. What you are doing wrong is trading in items where the margin barely covers your fees. Look for items with a bigger margin between buy and sell orders.
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