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Spud Lazair
Hedion University Amarr Empire
0
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Posted - 2013.08.24 17:27:00 -
[1] - Quote
i am a pretty much an avid mission runner with 5 billion isk made from missions alone, now i am wanting to make a shed load more isk and am looking fo ideas of how to use my 5 billion wisely.
i have no prior skill with production or market trading.
idea's?
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arabella blood
I Swear She Looked 18
114
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Posted - 2013.08.24 17:36:00 -
[2] - Quote
Blink?? |
virm pasuul
Mine 'N' Refine The Unforgiven Alliance
37
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Posted - 2013.08.24 17:51:00 -
[3] - Quote
Somer Blink :) |
Careby
Careby Exploration
18
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Posted - 2013.08.24 18:20:00 -
[4] - Quote
[quote=Spud Lazair...am looking fo ideas of how to use my 5 billion wisely...[/quote] There are lots of loan offerings right here in Market Discussions. Be sure to pick the ones that aren't scams.
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arabella blood
I Swear She Looked 18
114
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Posted - 2013.08.24 18:32:00 -
[5] - Quote
eve hold'em? |
flakeys
Antwerpse Kerels Fidelas Constans
1373
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Posted - 2013.08.24 19:26:00 -
[6] - Quote
And people say MD has changed for the worse ....
We are all born ignorant, but one must work hard to remain stupid.
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Johan Toralen
IIIJIIIITIIII
233
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Posted - 2013.08.24 23:01:00 -
[7] - Quote
You could start trading items that you are familiar with from your mission running. Ammunition, cap boosters, mods. Buy up mission loot from other mission runners in your area, haul it to the next hub for a profit or learn reprocessing skills and start building stuff from the minerals you get from it etc. |
Phei Hsui
Omega Septem
4
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Posted - 2013.08.24 23:43:00 -
[8] - Quote
You could donate it to me. Consider it a tax write-off. |
Whandall
Brotherhood Cartel Synthetic Brotherhood
11
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Posted - 2013.08.25 01:42:00 -
[9] - Quote
Well, it's kind of a weird question. I mean, my instinct is to tell you to set up some buy orders of stuff (mission items?) and then turn around and sell them with large sell orders. At least you'd cashflow.
But it sounds like you have more money than you need, and you aren't doing anything with it. Unless rolling on a pile of isk and touching yourself is your thing, maybe you should look at some of the charities in game, and give what you don't want away.
To be clear: I'm firmly in the "roll around in a pile of isk" camp. But if you don't have expenses, or plans to expand your operation, or a sick, deep need for piles of money, go be cool with it. |
Sabriz Adoudel
Oppan Ganknam Style
676
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Posted - 2013.08.25 07:21:00 -
[10] - Quote
Can I suggest you contact Erotica 1 in game. Miner euthanization expert. An enemy is just a friend that you stab in the front. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. |
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Slade Silvers
High Sec Security
2
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Posted - 2013.08.25 15:44:00 -
[11] - Quote
As others have said...
Add value to the mission hub you use by selling items of use to others, ships, ammo, etc.
Or Speculate on Trit, Ores, Etc.. Look at price histories over say 6 months and try to find that sale item and hold em, til they are dear.
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Spud Lazair
Hedion University Amarr Empire
0
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Posted - 2013.08.25 21:37:00 -
[12] - Quote
Whandall wrote:Well, it's kind of a weird question. I mean, my instinct is to tell you to set up some buy orders of stuff (mission items?) and then turn around and sell them with large sell orders. At least you'd cashflow.
But it sounds like you have more money than you need, and you aren't doing anything with it. Unless rolling on a pile of isk and touching yourself is your thing, maybe you should look at some of the charities in game, and give what you don't want away.
To be clear: I'm firmly in the "roll around in a pile of isk" camp. But if you don't have expenses, or plans to expand your operation, or a sick, deep need for piles of money, go be cool with it.
yeah i kind of like the idea of rolling round the floor ball deep in isk :)
seriously though i have totally ignored every other aspect of eve except for running mission's, i do have very good refine skills. i have about 2 billion in salvage just lying round scattered in various station's.
who or what is erotica 1? |
Kraillach
Deep Core Mining Inc. Caldari State
49
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Posted - 2013.08.25 23:04:00 -
[13] - Quote
if you've got that much salv around then start small with building rigs.
i suggest small & medium Armor Trimarks, small & medium CCC's, small & medium Ancillary Current Routers.
they have always made me good isk in the past and are always in high demand.
once thats done then expand into other production areas.
reprocess ur loot and build T1 mods that have no meta variants.
build the ammo that u can change over for faction ammo with ur LP.
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Antony E Stark
School of Applied Knowledge Caldari State
1
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Posted - 2013.08.26 02:43:00 -
[14] - Quote
Whandall wrote:Unless rolling on a pile of isk and touching yourself is your thing
This. It's what I do. If it doesn't float your boat then become a philanthropist
Edit: most of the above suggestions involve boring and unrewarding work to make ISK. Do what you enjoy, and give the rest to the poor |
North Vladimir
Republic Military School Minmatar Republic
3
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Posted - 2013.08.26 06:32:00 -
[15] - Quote
U can send part of them to me for months and get profit repay. Or anyone had high credit The best way is send into market if you had high trading skills Depends on you are a mission runner . u might had good standing .Thats basic for market trading. I had got 20B profit from market trading. Just try it |
Daniel Plain
Science and Trade Institute Caldari State
1373
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Posted - 2013.08.26 09:06:00 -
[16] - Quote
@OP: after all the trolling let me make you a serious offer. i am currently expanding my trade operations into some FW hubs. in the medium term, i will need another JF and since most of my isk is tied up, i can use your 5bil to speed up the process. the offer is as follows:
i offer you an open ended bond with a weekly interest of 1%, payed out on sundays (typically around 18:00 EVE), except on the first sunday after receiving the funds. i reserve the right to make partial repayments in 500m steps, the interest stays at 1% of the remaining debt. i offer no collateral other than my questionable reputation.
if we can agree on these terms, i expect to start repaying the debt after 6-8 weeks and probably be done by the end of the year, depending on how deep i decide to dive in myself.
"I don't troll, I just give overly blunt responses that annoy people who are wrong but don't want to admit it. It's not my fault that people have sensitive feelings" -MXZF |
William Walker
House Aratus Fatal Ascension
286
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Posted - 2013.08.26 09:15:00 -
[17] - Quote
Daniel Plain wrote:i offer no collateral other than my questionable reputation. Seems trustworthy. I'd go for this OP. pâ+(*GîÆGêçGîÆ*)n+ë pü+(pé£GêçpÇü-¦)pü+ (GùòGÇ+GùòG£+) |
Solstice Project
I'm So Meta Even This Acronym
3748
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Posted - 2013.08.28 15:03:00 -
[18] - Quote
Give it to me! :D |
Silvetica Dian
Manson Family The Retirement Club
45
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Posted - 2013.08.28 16:54:00 -
[19] - Quote
Spud Lazair wrote:who or what is erotica 1?
Erotica1 is a very odd take on the isk doubling scam in that she does actually pay out but has a seemingly simple yet actually quite tricky ruleset. She makes an absolute fortune from people that can't follow the rules and gives a portion of it back to the few who can. Personally i would advise you to stay away unless you are good at logic and working things out in advance. Many Eve celebrities hang out in her channel and she is known to give vast sums of isk to good causes around New Eden. Some of the best times people have in EvE revolve around the 100th winner bonus rooms often ending with hundreds of people in the game channel and often live songs on Teamspeak. One of the great things about EvE is all the little offshoot communities that spring up. |
Zor'katar
Matari Recreation
163
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Posted - 2013.08.28 17:11:00 -
[20] - Quote
Silvetica Dian wrote:Spud Lazair wrote:who or what is erotica 1? Erotica1 is a very odd take on the isk doubling scam in that she does actually pay out but has a seemingly simple yet actually quite tricky ruleset. She makes an absolute fortune from people that can't follow the rules and gives a portion of it back to the few who can. Personally i would advise you to stay away unless you are good at logic and working things out in advance. Many Eve celebrities hang out in her channel and she is known to give vast sums of isk to good causes around New Eden. Some of the best times people have in EvE revolve around the 100th winner bonus rooms often ending with hundreds of people in the game channel and often live songs on Teamspeak. One of the great things about EvE is all the little offshoot communities that spring up. tl;dr Scammer with lots of friends who like to see other people get scammed. |
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Erotica 1
Krypteia Operations Self Sabatoge
1220
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Posted - 2013.08.28 21:05:00 -
[21] - Quote
Long term, I certainly suggest the op to learn to trade the markets. Trading is by far the best way for the average player to make a sustained, substantial income. The reason is you will be compounding your isk, making your isk earn you more isk. Most other people earn their isk only when they are online, actively working, much like an employee at a job.
The only problem with trading is that it takes time to get to a point where the benefits start to really outweigh other isk-making opportunities. It takes time to gain the knowledge and experience to be successful. It also takes time to build up a nice isk balance to make everything really take off.
With 5 billion isk, you could certainly start trading right now and do fine. It will still take you awhile before you dramatically increase the balance. As others have suggested, you very well might wish to multiply this balance substantially first. Since you will be making isk with isk, obviously you will make more isk trading with 25b to start with than 5b. As long as you can understand the simple rules in the bio, you can do very well. All I ask is that you spread the word about my business after. From experience, I know very well that many others will then play who cannot follow simple instructions like you can.
After I have taken care of you, I'll go a step further and help you get started trading. Most of what you read on the forums, and elsewhere online, regarding trading in Eve is a complete waste of time and riskier than you need. Instead, you will want to learn from a successful trader who has done it before.
Anyway, I have been extremely busy for the last couple of weeks and have not been in game much during that time. I should be online sometime this weekend though and we can chat further then.
Whatever you decide, I wish you the best of luck. You will be amazed how much more you can make when you look beyond missions. See Bio for isk doubling rules. -áIf you didn't read bio, chances are you helped fund those who did. |
Lashenadeeka
Science and Trade Institute Caldari State
34
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Posted - 2013.08.28 21:15:00 -
[22] - Quote
Erotica 1 wrote: Long term, I certainly suggest the op to learn to trade the markets. Trading is by far the best way for the average player to make a sustained, substantial income. The reason is you will be compounding your isk, making your isk earn you more isk. Most other people earn their isk only when they are online, actively working, much like an employee at a job.
The only problem with trading is that it takes time to get to a point where the benefits start to really outweigh other isk-making opportunities. It takes time to gain the knowledge and experience to be successful. It also takes time to build up a nice isk balance to make everything really take off.
With 5 billion isk, you could certainly start trading right now and do fine. It will still take you awhile before you dramatically increase the balance. As others have suggested, you very well might wish to multiply this balance substantially first. Since you will be making isk with isk, obviously you will make more isk trading with 25b to start with than 5b. As long as you can understand the simple rules in the bio, you can do very well. All I ask is that you spread the word about my business after. From experience, I know very well that many others will then play who cannot follow simple instructions like you can.
After I have taken care of you, I'll go a step further and help you get started trading. Most of what you read on the forums, and elsewhere online, regarding trading in Eve is a complete waste of time and riskier than you need. Instead, you will want to learn from a successful trader who has done it before.
Anyway, I have been extremely busy for the last couple of weeks and have not been in game much during that time. I should be online sometime this weekend though and we can chat further then.
Whatever you decide, I wish you the best of luck. You will be amazed how much more you can make when you look beyond missions.
Yeah no. Coming from your competition. Who wants to see the little guy succeed. For obvious reasons. |
Belgarath Aloria
Science and Trade Institute Caldari State
0
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Posted - 2013.08.29 19:22:00 -
[23] - Quote
My main has dealt with Self Sabatoge in the past.
If it sounds too good to be true, it probably is... that's all I will say. |
Sabriz Adoudel
Oppan Ganknam Style
714
|
Posted - 2013.08.30 05:09:00 -
[24] - Quote
Lashenadeeka wrote: Yeah no. Coming from your competition. Who wants to see the little guy succeed. For obvious reasons.
Erotica 1 doesn't do much trading these days. The stupid people that fail at her game provide more ISK than she knows what to do with.
We are talking about the person that gave 1600 tech 2 Catalysts to the New Order a while back, and something like 2500 of them to the Caldari Ice Interdiction. Miner euthanization expert. An enemy is just a friend that you stab in the front. https://forums.eveonline.com/default.aspx?g=posts&t=238931 - an idea for a new form of hybrid PVE/PVP content. |
TheBlueMonkey
Brave Newbies Inc. Brave Collective
508
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Posted - 2013.08.30 12:25:00 -
[25] - Quote
Silvetica Dian wrote:Spud Lazair wrote:who or what is erotica 1? Erotica1 is a very odd take on the isk doubling scam in that she does actually pay out but has a seemingly simple yet actually quite tricky ruleset. She makes an absolute fortune from people that can't follow the rules and gives a portion of it back to the few who can. Personally i would advise you to stay away unless you are good at logic and working things out in advance. Many Eve celebrities hang out in her channel and she is known to give vast sums of isk to good causes around New Eden. Some of the best times people have in EvE revolve around the 100th winner bonus rooms often ending with hundreds of people in the game channel and often live songs on Teamspeak. One of the great things about EvE is all the little offshoot communities that spring up.
given how straight forward the "rules" are https://gate.eveonline.com/Profile/erotica1#
I fail to see how this is anything but a scam
ah, wrong one -¼_-¼ there's a start |
RAW23
230
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Posted - 2013.08.30 15:00:00 -
[26] - Quote
Kraillach wrote:if you've got that much salv around then start small with building rigs.
i suggest small & medium Armor Trimarks, small & medium CCC's, small & medium Ancillary Current Routers.
they have always made me good isk in the past and are always in high demand.
once thats done then expand into other production areas.
reprocess ur loot and build T1 mods that have no meta variants.
build the ammo that u can change over for faction ammo with ur LP.
Just about the only useful advice in the thread so far!
I'll add another possible approach (cutting and pasting some of my old posts here): hauling.
1) Create a new character on your account and place him in Jita as your price checker. You can then fly around with your main and be able to rapidly compare markets with Jita prices (when you're more established you will want a second account so you can do this without logging out).
2) Reflect on the directionality of trade in eve. Raw materials flow in to Jita and finished products flow out. You want to be moving things largely in accordance with this cycle. Fly down to Amarr and check the prices of salvage, for example, and compare them to the prices in Jita. You will find that there is a margin to be worked moving salvage to Jita. Similarly, compare ship prices in Jita to Amarr and you will find that many ships are cheaper in Jita and can be profitably moved in the other direction.
3) Avoid moving low end minerals to begin with. You won't have the cargo capacity to move them in meaningful quantities.
4) Try to establish an efficient cycle whereby you have half your isk in buy orders at one end of the loop and half in sell orders at the other end. This is much better than sinking all your cash in at one end and then waiting for everything to sell at the other as you should be able to keep a constant flow of goods moving.
5) Always focus on your most profitable items. Sink as much of your capital into your best market as it will take on whatever periodic cycle you use (e.g. one cycle back and forth per day). Once you have as much of that market as you can, place any remaining isk in your next best item, and so on. Squeezing every penny you can from your best markets is important. If memory serves I only hauled about 6 different items for my first three months and about 50% of my earnings came from the top one.
The basic model of hauling between one hub and Jita can be expanded easily to take in the other hubs as well, since most of the margins reflect convenience/inconvenience and I have found that if there is a margin moving something from Amarr to Jita there will be a similar or better margin moving from Rens and Dodixie as well (although lower volumes). So, if you have a few accounts you can place one character in each of Rens, Dodixie, and Amarr, all gathering the same goods from their respective regions and then periodically move whatever they have picked up on buy orders in to Jita. If your cycle/wallet can handle further expansion you can then also, once a day, send you regional hub guys just over the border into nearby regions and place regional buy orders for the same stuff (also in the hub region itself), picking up your winnings once a week or so (you will get much better margins on the regional buys but will have more hassle with the logistics). Amarr is particularly good for this as there are four other regions within a five jump radius, allowing you access to a very large chunk of space without having to move your trader very far.
A critical thing to consider is how much time you intend to devote to this business. The model I presented - running stuff from the hubs to Jita and back - is ideal if you have plenty of time to burn because you will be able to pick up high volumes of goods by focusing on the primary and secondary hubs. But if you don't want to be 0.01ing your buy and sell orders for long periods of time then you may want to take smaller quantities of items to lower level hubs where there will be less competition from other traders. You won't move as much product but you will move it with far less effort and you can expect higher margins the further down the food-chain of hubs you go because other pilots will pay premiums for convenience. If they can buy something in their mission hub for a little bit more than it would cost six jumps away in a regional hub then they will pay to save themselves the time and the more time you can save them the greater the margin you can expect. But the volumes will be lower because the lower level hubs will be less densely populated. My preference has always been for volume over margins but this has been due to my personal play style and will not suit the more casual hauler.
There are two types of EVE player:
those who believe there are two types of EVE player and those who do not. |
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