Pages: [1] :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Cigs Mcduff
Tech 2 Holdings Limited
|
Posted - 2006.10.17 13:16:00 -
[1]
A few days ago I had my Ceo escrow me some ammo in Lonetrek.
I got to the station that the escrow was held at and inspected it quickly and decided to calculat my profit before I claimed it.
The escrow was for 40 million isk and whne I inspected it and calculated each ammo multiplied by the lowest sell price in the region I was a bit confused.
I reclaculated every thing to make sure I didnt make a mathematical error but it still showed the same thing.
Mathematicaly if I claimed the 40 million isk escrow of ammo and resold it at even near competative prices I would of lost about 5 million isk in the long run.
I know my ceo would never try to rip me off, and I knew something wasnt adding up.
I asked my corp mate that was currently in another region (Sinq Laison) if he could look at the market to check the ammo price.
This is part of our conversation, and when the idea hit me.
I have removed his name and left out certain private corp info from chat:
XXXXXXX> Sure - what do you want checked. Cigs Mcduff > Javelin M XXXXXXX> For sellers? Cigs Mcduff > yes Cigs Mcduff > sell price lowest XXXXXX> 350 XXXXXX> weird Cigs Mcduff > its 249 XXXXXXX> but in the system I'm in right now, it sells for 454 XXXXXXX> funky, man Cigs Mcduff > this may be interesting Cigs Mcduff > i just realized it!! Cigs Mcduff > there isnt much competition in some regions Cigs Mcduff > but the more populated regions have A lot of competition XXXXXXX> Lots of T2 producers around Lonetrek - maybe drives the price down? Cigs Mcduff > thats agood thing Cigs Mcduff > we can actualy buy very low during a price war Cigs Mcduff > and resell a lot higher in far out regions
Last night I finaly got my Tech 2 Ammo trading business started.
I spent a while researching ammo in a few different regions to figure out which were best to sell, then a brought small quantities to put on the market to test out my theories.
The way I do business is very simple, Tech 2 ammo is only player made, most people that produce tech 2 ammo try to sell it at major trade hubs like Jita and Nonni.
This creates a large amount of competition between the sellers and almost always ends up in a price war.
I go to these trade hubs and buy the ammo at a very low cost then transport it to medium populated regions that are currently being monopolized by a small handful of tech 2 producers.
I last night got to the system I based myself in and put 8 types of hybrid and projectile ammo on the market undercutting the lowest price in the region.
When I compared the lowest sell orders in the region I buy from to the region I sell from there is almost a 100% price difference.
Basicaly I can buy Void S in the major trade hub and resell it in the medium populated region under cutting the lowest sell price and still make about 50%-100% profit.
Here is a screen shot of my first major haul.
You will notice im not the one hauling it, Im using my alt KnightCrawler since my corp was war dec'd a few days ago.
CARGO SCREEN SHOT
Im very excited about this, I finaly have something thats mine, My idea, My business.
Wow, I swear while I was about to post this someone just bought 10,000 units of Barrage L off of me, cost me 404 isk a unit and sold for 635 a unit, Total Profit = 2,310,000
Thats 36% profit I believe
|
Eilene Fernite
|
Posted - 2006.10.17 13:46:00 -
[2]
1. This is Market discussions. 99% of the people here know how trading works.
2. Are you going to spam all of the forum with your 'trick' to get people to buy your t2 ammo? (Linkage)
|
Cigs Mcduff
Tech 2 Holdings Limited
|
Posted - 2006.10.17 13:55:00 -
[3]
That post was actualy meant to help new traders out with a good idea to make isk.
Abo****ely everything I said was completely legitament.
Who said they had to buy the ammo from me or my corp?
Last time I checked people buy the stuff up anyways.
Im actualy doing that I told other people to do.
In the screen shot I entered ALL of that ammo was bought on the Jita market.
|
Wilfan Ret'nub
Singularity.
|
Posted - 2006.10.17 14:11:00 -
[4]
Transporting T2 ammo to resell in less than "freighter quantities" is pointless. Why make at most a few thousand ISK per m3 when you can pick other stuff and easily make over 100.000 ISK/m3. ------ No ISK, no fun |
Tuang Pao
The-Wrath
|
Posted - 2006.10.17 14:49:00 -
[5]
I founds Cigs post informative. Thanks, Cigs.
Quote: Why make at most a few thousand ISK per m3 when you can pick other stuff and easily make over 100.000 ISK/m3.
This is interesting, too. Would you care to elaborate specifically on how it's done please?
|
Futuri
|
Posted - 2006.10.17 14:59:00 -
[6]
Quote: Why make at most a few thousand ISK per m3 when you can pick other stuff and easily make over 100.000 ISK/m3.
This is interesting, too. Would you care to elaborate specifically on how it's done please?
You wish :)
|
Tuang Pao
The-Wrath
|
Posted - 2006.10.17 15:03:00 -
[7]
Then you're just breaking wind. You can make any unsubstantiated claim you like to discredit another. Now we know what your assertion is worth.
Nothing.
Thanks for playing.
|
Femme X
Caldari
|
Posted - 2006.10.17 15:29:00 -
[8]
I like your post Cigs, it's a very practical account of how a player can discover a trade opportunity for himself.
Nothing beats the joy of finding a trade route on your own.
|
Futuri
|
Posted - 2006.10.17 15:31:00 -
[9]
Originally by: Tuang Pao Then you're just breaking wind. You can make any unsubstantiated claim you like to discredit another. Now we know what your assertion is worth.
Nothing.
Thanks for playing.
Heh, it wasn't me who made the original claim, although trade routes at 100k ISK/m3 are certainly possible. Of course, the amount of ISK you can make that way is limited, you can't just stuff a freighter with such cargo and make 7 billion in 1 run.
You're not expecting a trader to post a complete list of his most profitable trade routes on a public forum are you?
|
Pang Grohl
Gallente
|
Posted - 2006.10.17 16:02:00 -
[10]
Originally by: Futuri
Originally by: Tuang Pao Then you're just breaking wind. You can make any unsubstantiated claim you like to discredit another. Now we know what your assertion is worth.
Nothing.
Thanks for playing.
Heh, it wasn't me who made the original claim, although trade routes at 100k ISK/m3 are certainly possible. Of course, the amount of ISK you can make that way is limited, you can't just stuff a freighter with such cargo and make 7 billion in 1 run.
You're not expecting a trader to post a complete list of his most profitable trade routes on a public forum are you?
Tuang is right to be skeptical of the claim. His appraisal of your post was, IMO, accurate. A person doesn't have to give anymore details than, "item x sells for y in one region, and sells for z in a different region".
Si non adjuvas, noces (If you're not helping, you're hurting) |
|
Tuang Pao
The-Wrath
|
Posted - 2006.10.17 16:02:00 -
[11]
The original post contained his claim, his method and supporting figures. It was offered with pride for constructive critique. Contrast that with your claim in which you spouted a enormous per cubic meter profit, then sat back smug. You offered no constructive critique, no method and supporting figures.
Do I expect you to reveal all your best trade routes? Certainly not. That question was a set-up to an absolutist, all or nothing argument. Readers do expect you to back up specific claims like 100k ISK per m^3 when asked. If you can't do that your claim is shown to be so much hot air.
I respect the original poster. He took a social risk and shared an idea. Can you?
|
Futuri
|
Posted - 2006.10.17 17:11:00 -
[12]
To the OP: this is a good trade route. If you like the idea of making ISK via trading you can find more (and maybe better) trade routes if you browse the market for a while.
|
Marodi Julita
|
Posted - 2006.10.17 19:35:00 -
[13]
ummm...
eve-central.com?
|
Wilfan Ret'nub
Singularity.
|
Posted - 2006.10.18 12:45:00 -
[14]
Edited by: Wilfan Ret''nub on 18/10/2006 12:46:12 Edited by: Wilfan Ret''nub on 18/10/2006 12:45:44
Originally by: Tuang Pao This is interesting, too. Would you care to elaborate specifically on how it's done please?
It's non-ammo T2 modules. They have much higher margins. Which modules is up to the trader to discover - prices fluctuate like mad and opportunities come and go in a matter of days. And I certainly won't do your homework. Not to mention that prices went up 50% pretty much accross the board in the last two weeks. That made such trade even more a no-brainer than before.
T2 ammo is still a nice cargo filler, but only if you pay attention to volume in market history. If you don't, you might get stuck with lemons ... ------ No ISK, no fun |
|
|
|
Pages: [1] :: one page |
First page | Previous page | Next page | Last page |