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Tisiphone
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Posted - 2003.08.12 22:20:00 -
[1]
I'm having difficuty figuring this out - but suddenly it has now become pointless me making stuff to sell and basically I'm moving into scrap dealing as a full-time occupation........
Basically people are dumping huge amounts of goods on to the market at stupidly low prices. So low that I can make a tidy profit simply by buying the goods up and recycling them for minerals!
We aren't talking small amounts here - I can turnover well in excess of 10 million in a couple of hours with a 10-20% profit.
All this stuff is being sold by players, not bonkers NPC's.
All of it is player made, not the sort of thing dropped (in quantity at least) by pirates.
So what gives?
Am I missing something blindingly obvious?
Or is it that some people just can't figure how much the goods are costing to make or are worth?
I shouldn't complain really, but I'd far rather be making money by building and selling stuff than profiting from others crass stupidity (if that's what it is!).
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Elithiomel
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Posted - 2003.08.13 06:21:00 -
[2]
Edited by: Elithiomel on 13/08/2003 06:22:19
You are not missing something. Other people are.
Some people seem to think that because they mined the minerals, then thay got those minerals for free, and so they can sell things at whatever price they want and still make a profit. They do not seem to realise that they can sell the minerals for more than they are selling the finished goods.
It also may be a classic case of people confusing "profit" and "turnover".
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Engineers motto; If it doesn't fit, force it. If it breaks it needed replacing anyway. |
Serina Verity
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Posted - 2003.08.13 07:15:00 -
[3]
Sounds like a nice little earner to me.
Well played Tisiphone.
Where is this area of space? I would like to come and join you.
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Tisiphone
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Posted - 2003.08.13 12:56:00 -
[4]
 Quote:
Where is this area of space? I would like to come and join you.
Well it is a nice little earner - which is why I was quite deliberatly vague about what was being traded and where  .
Suffice to say that, unsurprisingly, it involves one of the more combatative races.........
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Skel
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Posted - 2003.08.13 13:21:00 -
[5]
People hunt pirates all day and then dump all the crappy loot onto the market. So they dont want to spend time figuring out how much each piece of sh*t item should sell for, how is that stupid? It always amazes me how others can judge someone else when you have no idea whats going through that person head.
If you want to make a career out of selling junk be my guest, but if others dont care about their junk is it really mature to call them stupid?
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Falnaerith
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Posted - 2003.08.13 16:31:00 -
[6]
As was posted in a different thread in a different forum.
(Something to this effect)
"I sell this loot for 50k isk, but even if i sold it for 100 isk, i would still be making a profit, as i just picked it up."
The current strat for npc hunting is chaining high end cruisers, NOT picking up all the loot. Faster you can kill, the more money you get.
If you stop and pick up cargo after you kill ****, you'll make no money.
It's a great strat, try going on local and finding people who chain, but don't pick up the loot, then offer some money to come to the belt and pick up the loot yourself. They will probably agree 
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Basic truths?
Idiots make us rich.
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Some people are only alive because it is illegal to kill them. |
Doal
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Posted - 2003.08.13 16:32:00 -
[7]
Just a suggestion, but if they're selling it for less than the cost of the minerals you get when you recycle said item, why not buy up the supply and melt it down?
Or, buy up the low-cost items and resell them at higher prices.
I've done both, and it adds a little spice to the game.
Doal |
Fantus
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Posted - 2003.08.13 16:32:00 -
[8]
Skel, why don't the people with the pirate loot just recycle the equipment then? Some of these items contain the much rare Mega as a mineral. If your not sure of prices on the market, just recycle and sell the minerals. At least you can be sure of market value for those.
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Skel
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Posted - 2003.08.13 17:20:00 -
[9]
Personally I dont recycle at all because I only have refining skill level 1. I guess i could melt it down but its a pain when you have literally hundreds of junk material and you have to click recycle, then wait, then hit ok, then wait again until it refreshes.
I wish there was a bulk option sell or recycle available. Would save people lots of time. |
Falnaerith
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Posted - 2003.08.13 17:46:00 -
[10]
Checkboxes would be better, selectall would probably bring some trouble, ie ships and wanted modules recycled.
A second tab in personal items that is created solely for recycling, you dump modules and ships there.
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Basic truths?
Idiots make us rich.
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Some people are only alive because it is illegal to kill them. |
Tisiphone
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Posted - 2003.08.13 18:16:00 -
[11]
Quote:
People hunt pirates all day and then dump all the crappy loot onto the market. So they dont want to spend time figuring out how much each piece of sh*t item should sell for, how is that stupid? It always amazes me how others can judge someone else when you have no idea whats going through that person head.
If you want to make a career out of selling junk be my guest, but if others dont care about their junk is it really mature to call them stupid?
Please read my original post carefully before taking umbrage Skel (and anyone else): I specifically said that these were items that could only have been player made in that quantity!
Sorry about that, but I object to people putting "spin" on straightforward questions and comments so they can take a position of righteous indignation (enough said).
But lets be very clear here:
These aren't goods which were looted off pirates and dumped.
These aren't goods that have been looted by pirates and dumped.
These are goods that people are mass producing and placing over several regions.
It's specifically because I have no idea what is going on in thier heads that I asked the original question (Have I missed something?) - because this behaviour is odd to say the least!
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Falnaerith
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Posted - 2003.08.13 18:48:00 -
[12]
Ahh, i know what you mean. Noticed the other day that some frigs were going for about 20k below production costs.
Other modules as well, course i didn't buy them as i don't have a wish to go around selling the minerals 
I dunno, either they have pe5 or they are just plain stupid.
Of course that brings into the question a fact that i have brought up in other forums many times:
Miners get these minerals for free, refine them themselves, the build things with them which they sell. Therefore transforming their time into isk with the modules they sell under production "cost".
To them, it is in a way like that pirate loot i talked about. It cost 0 isk to make (barring slot price) but only took some time to get the minerals. That time was transferred into isk at the best price they were sure to sell.
Least that is as close as i can figure to under production cost @ npc mineral prices.
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Basic truths?
Idiots make us rich.
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Some people are only alive because it is illegal to kill them. |
Tisiphone
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Posted - 2003.08.13 19:51:00 -
[13]
Ah-ha! Thanks for that Fal - that's an explaination I can understand.
Basically a real-time saving device to convert ore into cash whilst offline then.
Faulty logic though - I can easily walk onto a station, buy a good, recycle it, sell the low grade minerals and come away with the cash I started with plus a nice pile of high value minerals.
The question has to be asked, why bother going to the trouble of manufacturing stuff when you could get the same effect by selling the minerals at 1 ISK below "book" value? Someone will buy it and you are still trading some profit for the online time you save.
The pity of it is that because of people selling below production cost the in-game economy is suffering from massive deflation. As a result, anyone who wants to make a living by manufacturing and selling goods is working in a restricted market with very low profit margins indeed as large amounts of goods are available at below cost price.
I'm a bit miffed because I've just shut up shop on my factories - I can buy the goods cheaper than I can make them.
Guess I'll just have to change my methods of working because of this - but it's worrying. I was hoping EVE might actually have a functioning tradeskill based in-game economy. Unfortunately it looks like, along with every other MMORPG, the market is dominated by people's cast-offs sold at either very low or very high prices  .
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Falnaerith
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Posted - 2003.08.13 23:26:00 -
[14]
Hold off a couple weeks. We'll see how the copies are dealt with, whether they stick around or start to disapear.
If no unlimited copies, prices start to go up, as the people making actually have to think about making a profit with what they build, so they can go buy the next copy.
We'll see, prices won't change for a little bit, barring the new equipment and it's effect on the old stuff.
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Basic truths?
Idiots make us rich.
-
Some people are only alive because it is illegal to kill them. |
ToKE
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Posted - 2003.08.13 23:29:00 -
[15]
Ohhh My Old mans a dustman
'E wears a dustmans 'at
'E wears cor blimey trousers
And lives in a council flat
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Ahaahhhh you didn't count on my loyal army of Prostitutes did you? |
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