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Kua Burrow
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Posted - 2007.01.28 21:01:00 -
[1]
Hi, Just looking for some opinions.
I have been reselling mods in Jita. If I am motivated enough to look through the market for the items with the highest demand and the highest profit margins AND motivated enough to check my orders are top of the pile (may be four times a day) I can make a lot of money. In terms of isk per hour I consider it to be a good rate, a rate that will increase with improved capital.
Now I have also been made of various other ways to trade. I am simply using an alt (without any skill time) but there are still a lot of avenues open to me:
1. Buying in Jita (or another hub) and delivering to a mission hub, a 0.0 station (joined a 0.0 corp so this is possible) or an low sec access point to 0.0. Or perhaps (although the margins dont seem to be very significant) from one hub to another. 2. Setting up low region-wide buy orders, to increase the profit margin. I heard this was a good idea with minerals as well. 3. Erm there's NPC trading but that's ghey (/me manages to offend 50% of his readership).
And if I put my thinking cap on I'm sure there are plenty of other ideas too.
Well here's the thing, it seems to me the mantra for a trader is LIQUIDITY (repeated over and over otherwise it wouldn't be a mantra). And this can be better achieved in Jita than anywhere else. Things are sold to you fast and things sell fast! Very fast. And if you do your research there are plenty of items with high profit margins AND turnover. The other thing about the above options is that they are rather more hassle and pretty easy to get wrong.
Well basically I don't see a lot of point in changing my strategy. There's just one fairly major problem, it can get a bit boring and variety is good.
I'm sure a lot of people will totally disagree with my opinion, but TBH I'm not well informed enough to make a good one. So lay it on me!
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Nathan Grey
Gallente Aurora Medical Systems
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Posted - 2007.01.28 21:27:00 -
[2]
There are a few modules that you can make some good isk reselling. Medium nos and warp disruptors are decent examples of reasonably profitable modules, in some areas. Small guns can also move reasonably well.
I've found that module trading really is something of a crap shoot. The isk rate isn't really fantastic on the small stuff, either, but it's passive income -- contrast mission running -- so it's icing on the cake. ----------------------------------
Industrialist. I build it. You buy it. You break it and buy another one. Market domination through ingue ferrogue. (I did this and could have stopped it.) |
Kua Burrow
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Posted - 2007.01.28 22:37:00 -
[3]
Thanks for that, but it's not really the kind of info I was looking for
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Sun Win
Mutually Assured Distraction
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Posted - 2007.01.28 23:00:00 -
[4]
Don't see much point in changing your strategy either. Dedicated traders probably make more ISK with the other options you outline but they also sink more time into it. FI you don't really care to spend tonnes of more time and the current strat is working, why change?
New to Eve? Learn to Fly - join channel: "Eve University" or read here |
Kua Burrow
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Posted - 2007.01.29 01:13:00 -
[5]
Originally by: Sun Win Don't see much point in changing your strategy either. Dedicated traders probably make more ISK with the other options you outline but they also sink more time into it. FI you don't really care to spend tonnes of more time and the current strat is working, why change?
Heh, wonder who gave me the idea for the strategy ! Thanks for making me rich Sun Win!
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Shadarle
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Posted - 2007.01.29 07:56:00 -
[6]
Well it seems like you're doing something wrong if you even have to ask if you should be changing tactics. If you're not making much money trading then you should either try something else or get out of the business... because it's very high profit for those who have the knack and very low profit for those without it.
100's of millions are numbers that a good trader should not even care about losing. If you're a great trader than even a few billion are not a big deal.
Of course there are very few traders who are in that league, they are generally the dominant trader in the popular regions.
Tho no one who is at this level is going to reveal the real tricks of the trade... otherwise everyone else would just do it and the billions would be spread among everyone. I can say I have never once seen anyone post the methods I use when trading. I've seen a bunch of "guides" and "suggestions" and "hints" but they've all been leaving out major pieces of information vital to making the REALLY big bucks.
A few people claim to be ultra-rich from trading and they are sharing their secrets because they no longer need money. Well, every post like that I've seen has either been a scam or a lie. I say this because they all claim to be rich, but the methods used by those posters couldn't possibly yield the profits they claim OR because the methods suggested by the poster would actually have a side effect on the market which would result in a large profit if someone anticipated it.
So, what's the point of my post? Don't expect free advice on how to make billions of ISK... if you didn't come up with it yourself then you probably are #9527 to follow the posted advice and thus won't make much money at all.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Kua Burrow
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Posted - 2007.01.29 20:31:00 -
[7]
Gee thanks.
Well you have a point, but I don't like the way you put it. Without a doubt I see ways to make serious money. Of course it involves serious capital which I don't have, yet. I'm sure it also involves experience, and skills can't hinder the process (although I know it's actually possible to make a lot without high tier skills).
No I don't expect you to tell me buy A, sell it at B for xxx isk. Do this, do that. That wouldn't be much fun. That said I have read guides and no matter what you say, they are useful, but like anything in life there is no substitute for the real thing and experience.
I have made a lot of money from a small amount of capital in a short amount of time. But I started losing interest. Fact is I'm probably not cut out for the big time. But I expect if I find the motivation to continue (and I feel it returning to me) I will see new more effective ways to make isk. Hm so that made this thread a bit pointless . I'm a forumaholic.
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Daemon Jax
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Posted - 2007.01.30 18:06:00 -
[8]
I've taken a couple people aside ingame and showed them how to make serious isk trading modules... But they just don't have the knack for it.
So, if you're able to make money reselling items, good for you. Stick with it and think about ways to put that capital to good use. ISK in your wallet doesn't do anything for you.
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Lord WarATron
Amarr Black Nova Corp Band of Brothers
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Posted - 2007.01.31 16:02:00 -
[9]
To find high profit items, work out where there is a shortage of something and supply it.
In the past, I used to freightor in Giant secure cans from empire to Paragon soul, where I sold them at 4mil each. All sold out in a week. I brought in another batch and they sold at 4.5mil each. Again all sold out. If someone sold cheaper than me, I would buy them out. If someone was more expensive, I would raise my prices to match, at the expense of lost sales if need be. I would also place buy orders for my cans at a simaler price and just resell those for instant profit. This forced everyone dealing in cans to go through me, as I had cornered the market.
As long as I could keep a decent stock, it did not matter. If you have 200+ cans on market, and your competitors have 5-6, nobody is really going to compete with you. It got to a stage where I could not care less if the freightor died, since each run was more than enough to buy another freightor easaly.
Of course, this was 4-5 months ago, but you can see the idea. Find a niche and control the regional market. Oh, and I have left the Paragon Can mafia for now, so feel free to undercut those 10mil can sellers :) --
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Kua Burrow
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Posted - 2007.01.31 17:53:00 -
[10]
Originally by: Daemon Jax I've taken a couple people aside ingame and showed them how to make serious isk trading modules... But they just don't have the knack for it.
So, if you're able to make money reselling items, good for you. Stick with it and think about ways to put that capital to good use. ISK in your wallet doesn't do anything for you.
Mo money, mo modules.
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Kua Burrow
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Posted - 2007.01.31 17:55:00 -
[11]
Originally by: Lord WarATron It got to a stage where I could not care less if the freightor died, since each run was more than enough to buy another freightor easaly.
Cripes!
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