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tpwh21
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Posted - 2011.03.18 11:48:00 -
[1]
Just wondering if anyone can help me out. About a month ago- I started out thinking - i wonder if i can turn the free cpu and powergrid on my WH POS into a nice bit of passive income. (I am not an industry player - apart from PI) so i came up with a plan. One of my chars already had most of the skills.... install a few labs and have a play with t2 invention and manufacturing. A few billion isk later - i have 3 chars with the skills needed - one high sec manufacturer - 2 wh lab monkeys. But in the process have completely lost track of how much i have spent on this venture - and have no real way of knowing. I am running 10-15 invention jobs at a time. So tracking each attempt would be horribly time consuming... How the hell are you supposed to keep track of how much you have invested/spent what your profit margin is? Without resorting to a huge spreadsheet? If i have to micromanage this anymore - it is going to turn into the most horrible time sink - with a ridiculously low profit margin.... Am i doing something wrong?
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Greg Huff
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Posted - 2011.03.18 12:21:00 -
[2]
Personally... multiple Excel workbooks with separate sheets for each BPO that I possess. I track each invention attempt with the values of any used components, each production job, and each sell order. There are some expenses that, at this time, I don't track... such as pos operational expenses.
Yes, tracking each invention can be time consuming, but once you have a good spreadsheet it's not too bad.
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Brock Nelson
Caldari T2 Technologies Unlimited SRS.
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Posted - 2011.03.18 12:28:00 -
[3]
Personally, tracking each attempt is the wrong way to go.
I keep tracking via batches whether it'll be in 20, 40 or more as well how much it cost for each batches as well how many success and failures I've had.
Investor Relation | IPO Doc |
Quazal Atreides
Gallente Amarr Institute of Science
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Posted - 2011.03.18 12:47:00 -
[4]
for me i work on the bpc i am working with, in past i used to invent any mod (had somet like 6000 bpcs to invent) but now have slimmed down operation to work on 10 types of mod (for now) so i keep a record against each type of bpo.
The only concern for me is cost of each batch + success rate + build cost (i build in batches of 100 t2 bpcs) if i find that build cost = >80% of market value i dont build and keep hold of the t2 bpc until market has moved so i can make more than 20% profit.
I find this way works fine, and given all costs etc come from a corp wallet i can keep track of my 3/6/12 month profits..
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Revolution Rising
Last-Light Holdings
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Posted - 2011.03.18 13:36:00 -
[5]
I'm right there with ya, unfortunately upon asking this myself on several occasions both on forums and in the proper in game chat channels I've never received a response better than excel or other accounting software. :(
It would be really nice to know, that while I can project my ROI I can't seem to find out what I actually got in the end.
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Quazal Atreides
Gallente Amarr Institute of Science
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Posted - 2011.03.18 13:41:00 -
[6]
i think the one thing about manufacturing is how far do you want to micro-manage?
The more time your prepared to put in at the start = the more detail you can get out at end.
I personally am a midway guy, i put in enough time at the start to build a few spreadsheets that allow me to best figure out build costs, but i wasnt bothered with sales costs, as long as i can see my build cost and making my (minimum) 20% markup i was happy. Obviosuly if you want to know that objects x/y/z earn you 6/7/8% profit etc then you will need to put your head down for a day or 2 to build the sheets.
I think this is why many people complain they dont make any money in manufacturing. They cant be bothered to work out the very basic sheets to see costs/profits and just assume that it must make a profit as people are selling them already.
But sad as it is, your 2 choices are A find someone who will share their workbook master copy with you. B take a few hours and build some simple sheets (or as far as you prepared to micromanage)
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