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Louis Psypher
Gallente
University of Caille
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Posted - 2007.11.05 15:47:00 -
[1]
So I started off as a trader and I've been making decent isk running NPC stuff from one station to another. My ultimate goal was to basically turn in to something like a stock trader, and as I understood it you could do this using the Marketing skill. Now I think I've missed something. As I read it, Marketing allows you to sell items remotely, right? However, talking about NPC stuff, you can only sell items in the station where they're located, right? So if you're concentrating on running NPC trade routes is there any advantage to learning Marketing? Or am I going about this the wrong way. My goal was basically to be able to sit in Station A, buy goods in Station B, and sell them to Station A without having to go pick them up. It now appears that I'd have to do the run regardless. So what would the benefit be of being able to sell items remotely if you have to haul the goods to the buying station anyway? Staying ahead of market trends by dropping goods off and waiting for the price to rise? Or am I missing something huge here. I warned you this was a newb question... Thanks in advance.
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Rock Brazen
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Posted - 2007.11.05 15:55:00 -
[2]
Let's say I put in a buy order for a 3 jump radius around a station on an item at 20,000 isk. 3 days later, I have 200 of them. I can then create separate sell orders for all the stations which have those items in them (could be a lot, depends on how many stations ended up selling you items). I price the item at 40,000 (the normal sale price). I have doubled my money without needing to fly anywhere.
Note, there are a couple of issues with this. First, you'll end up needing to use a ton of sale orders where you only needed to use 1 3 jump buy order.
Second, depending upon the item, people aren't going to fly all over the universe to buy 2 at a time when they need 100.
Third, the location you bought the item at may be a bad place to try and sell them (a component or mineral far away from where manufacturers buy their stuff)
So, it isn't really as easy as it sounds. Good luck!
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Louis Psypher
Gallente
University of Caille
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Posted - 2007.11.05 16:14:00 -
[3]
Thanks for the info! So, at the risk of beating a dead horse, let me see if I understand. Let's say I've got Marketing at 2, and have a 5 jump sell radius. I think that the price of, for the sake of argument, knee socks is going to skyrocket in the next few days. To take the most advantage of this (since everyone will want to buy as many knee socks as I have to sell...) I place buy orders for knee socks everywhere I can in a 5 jump radius. Sure enough, four days later demand for knee socks goes through the roof. Since I've stockpiled knee socks in various stations I can fill newly placed buy orders at a profit using the Marketing skill. Is that about it?
So essentially Marketing turns you in to a speculator as opposed to a hauler?
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Pirate Tom
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Posted - 2007.11.05 16:19:00 -
[4]
5 jump sell radius = I have stuff I want to sell in a station 5 jumps away (in the same region). I can sell the item from wherever I'm at currently without having to fly over to the station and dock as anyone without the skill would have to.
It doesn't mean .. I have a stack of NPC trade goods here in my station, I want to sell them to an NPC buyer 5 jumps away, I click sell and they're magically whisked away.
The sale of items takes place at the current location of the items regardless of skill levels.
If you were to set up a buy order for exotic dancers with a 20 jump radius, you would still have to fly around and pick up the dancers from the station they were sold at.
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Viilaa
Caldari
OH Corp
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Posted - 2007.11.05 16:37:00 -
[5]
 Originally by: Louis Psypher
Thanks for the info! So, at the risk of beating a dead horse, let me see if I understand. Let's say I've got Marketing at 2, and have a 5 jump sell radius. I think that the price of, for the sake of argument, knee socks is going to skyrocket in the next few days. To take the most advantage of this (since everyone will want to buy as many knee socks as I have to sell...) I place buy orders for knee socks everywhere I can in a 5 jump radius. Sure enough, four days later demand for knee socks goes through the roof. Since I've stockpiled knee socks in various stations I can fill newly placed buy orders at a profit using the Marketing skill. Is that about it?
So essentially Marketing turns you in to a speculator as opposed to a hauler?
Marketing is 'sell' only.. There is another skill for 'buying'. And another one for 'modifying' your orders. Its kind of a pain when you first look at it, but makes sense as you sit back and look at the big picture.
Viilaa
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Louis Psypher
Gallente
University of Caille
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Posted - 2007.11.05 17:02:00 -
[6]
The basic gist if I understand trading as an occupation seems to be that if you want to make short-term money trading you actually focus more on piloting large-capacity cargo ships than you would most trading skills. You learn the Marketing-Procurement etc. skills to essentially become a market speculator with an eye towards long-term profits. Is that about right? Since NPC's don't place buy orders with ranges outside of the station these remote skills wouldn't really do you any good if you're focusing on buying and selling trade goods; they really come in to play when you're selling to other players. So that, for instance, given the appropriate trade skills I could buy up a sizeable chunk of the small railguns in a region and then turn around and fill buy orders within range. Is that about it?
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Pirate Tom
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Posted - 2007.11.05 17:07:00 -
[7]
No doubts. if you want to make a profit early on in the market game, you need to be able to move things, larger amounts is better.
btw don't ever carry anything expensive into a trade hub without a tanked industrial. even if you just put shield extenders in it.. something to make it harder to kill.
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Viilaa
Caldari
OH Corp
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Posted - 2007.11.05 18:22:00 -
[8]
Originally by: Pirate Tom
btw don't ever carry anything expensive into a trade hub without a tanked industrial. even if you just put shield extenders in it.. something to make it harder to kill.
Very true. Every time I fly to Jita I see wrecks from people being jumped. The one who kills you will get Concorded, but his buddies are waiting to pick up the pieces.
Viilaa
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