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How to Make 1 Billion + Isk per Day

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LaVista Vista Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.30 08:33:00 - [31] Ah great. More competition But pulling 2bill per day requires alot of work. I can easily make 30mill per day with 5 minuts of work. But if you wanna stay on top of 100-200 buyorders, which i think it requires, then you gotta spend alot more than 1 hour per day. This signature is brought to you by EBankÖ, free space for moderators to brag.
Militis Kolosok Caldari Praetorian BlackGuard	Posted - 2007.12.30 08:35:00 - [32] Originally by: Nightfreeze Originally by: Militis Kolosok Hmm that's what I figured. I put up a couple of orders for multi million trades/day items and not a single unit was sold to me yet. Only have 50 mil to start off with for now :\ I recommend starting off with at least 500 million. Sell a 90 day timecard if you have to. It will pay itself off many times over in the future. I am actually doing this so I can pay for the game :( Don't have RL cash. College is expensive, and no time to get a job. I do have 500 mil worth of stuff on sale in Jita atm. It should get sold within the week (about a fifth of it is gone already, and that money is in buy orders).
Freya Runestone Minmatar Brutor tribe	Posted - 2007.12.30 08:36:00 - [33] It's a great guide. really. But it's pretty much what everyone already knows. put time and effort into trading and it pays off. only downside is that you need starting capital. you need to play for a while before you can really take advantage of it.
Einstein II Biotech Industries	Posted - 2007.12.30 09:01:00 - [34] Originally by: Vodun Edited by: Vodun on 30/12/2007 06:18:07 To be perfectly honest, I can't stand carebear crap like this You know that it's not because you dont like something that it is necessairly crap, do you ? And to be perfectly honest, nobody cares that you dont like "carebear activities" like you said so eloquently
Chainsaw Plankton IDLE GUNS	Posted - 2007.12.30 09:22:00 - [35] Originally by: Einstein II Originally by: Vodun Edited by: Vodun on 30/12/2007 06:18:07 To be perfectly honest, I can't stand carebear crap like this You know that it's not because you dont like something that it is necessairly crap, do you ? And to be perfectly honest, nobody cares that you dont like "carebear activities" like you said so eloquently don't feed the trolls
Rigo Kajjar	Posted - 2007.12.30 09:39:00 - [36] Originally by: LaVista Vista Ah great. More competition Nah, the amount of players who think that trading means truck driving in a freighter is annoyingly high. Let's be happy for everyone who finally gets it. More competition is also more fun when you try to outsmart them. Also, the original post is a pretty well written introduction. Of course there is still lots more, eg howto increase spreads so that a 1m bid-ask difference becomes 1.3 or 1.7m. Or actively moving the prices down one day, stock up, sell the next day for something like 4-5m difference per unit. Or howto push people out of the market who have more time than you to play the 0.01 isk game Originally by: Chainsaw Plankton and i never understood the people who go to sell an item and undercut by more than .01 isk. hey look the market value is 10mil, guess i will sell for 9mil!!!! Buying your stuff for 9 and putting it up for 9.99 immediately is easy cash with just 3 seconds effort. Thank you.
Ursula LeGuinn	Posted - 2007.12.30 09:41:00 - [37] I dunno... when I played EVE a year ago, I did a great deal of station trading in Jita IV. It's not all fun and games, incense and peppermints, even if you know exactly what you're doing and have a good stash of capital to start off with. There are lots of station traders in this game. After you put up your buy or sell order, half an hour later (sometimes much sooner) someone changes their order to beat yours. So you change your order to be better than theirs. Half an hour later, someone else has changed their order to trump yours yet again. Repeat ad infinitum. The name of the game is being the person with the lowest/highest bid when someone happens to fulfill one of your orders. There is no magical land where you put up your buy orders, go to bed, wake up, find them all or at least mostly filled, place your sell orders, go to work, then come home and your sell orders have also been filled. No, in the real EVE, you have to constantly check that ***. Sure, even with lots of orders, it doesn't take long to do the checking. But trading in EVE is like smoking: You can't be away from the computer for more than an hour. To succeed at trading, you're basically chained to it. I started with 150 million as a n00b (from hauling some guy's ore for a month), and turned that into 700 million in over a week of station trading. I'm a smart fellow, and I learn fast... it's not hard. But I quit the game the first time because* of station trading. It's profitable, but also a huge pain in the ass.
Nagen	Posted - 2007.12.30 10:38:00 - [38] then comes the hardest part of deciding what to do with all the billions ...
Deviant Desire	Posted - 2007.12.30 10:51:00 - [39] Sorry boys and yes I did type 'boys' but trading isn't the only way to make good iskies ;-). I've made quite a good profit 'manufacturing' well I guess you could call that trade too because I eventually sell the stuff but I first have to make the stuff. Doesn't trading imply that you buy at a low price and sell for a higher price ? Simply put ? Besides I like trade too I sold some 'tritanium' which is a mineral from ore when refined and when the prices of trit were high I made some very nice profit ;-). You'll ask or say mining does not make profit in any way, not true I take the time to train the skills to mine well, refine the ore, and then look for the best prices. I may be a simple dumb miner, but I have fun and enjoy Eve and playing ;-). Maybe one day I'll be rich and famous... naaahhhh screw that I just like being me ;-). Invention is another 'good' area to make iskies. What's wrong with that also ? Have fun all and fly safe ;-)
Lacco	Posted - 2007.12.30 10:58:00 - [40] i made 1billion in a day by suiciding haulers
Merritt	Posted - 2007.12.30 11:05:00 - [41] Quote: ...If I weren't quitting EVE... Two whole pages and no asks for stuff? I'm disappointed, EVE community. (Fine, I'll start... Can I have 1% of your stuff?)
Sasha Sen	Posted - 2007.12.30 11:21:00 - [42] ooh 2nd, can I have the second 1%?
Verone Veto. Veto Corp	Posted - 2007.12.30 11:26:00 - [43] Lol, Nightfreeze... >>> TRIBUTE TO A FALLEN WINGMAN <<<
Fiona Traydalt	Posted - 2007.12.30 11:47:00 - [44] Originally by: Nagen then comes the hardest part of deciding what to do with all the billions ... Lose faction-fit t2 ships by the dozens because you've spent the last few months sitting in Jita and don't remember how to pilot the things anymore.
Rigo Kajjar	Posted - 2007.12.30 11:51:00 - [45] Originally by: Sasha Sen ooh 2nd, can I have the second 1%? Tsk, you surely meant "I'll undercut you and do it for just 0.99%"
Dracule Amarr Yrma sales unlimited	Posted - 2007.12.30 11:53:00 - [46] I'll go above them both and ask for 98% (so u can all quit asking now, I've asked for the rest) How about sending some of your lovely "hard" earned ISK to me...and then I'll use it to work my magic with your guide.
Andreask14 Alterum - Infinitus - Fabula Dragons Of Oceans	Posted - 2007.12.30 11:55:00 - [47] Mining high ores yields more profit than 1 billion a day with less initial investment.
Sellerna Grant	Posted - 2007.12.30 11:57:00 - [48] I'm a trader Alt (for obvious reasons) in Jita for almost 1 year now. Nightfreeze talks the truth, but forgot to mention the boredom of doing this 0.01 isk game and to keep your orders on top. It's the first step to start wishing to quit EVE, as he said will do. Don't get me wrong, as I said, he is right about the high profit, you can invest the initial 500 millions isk and gain 50 millions, that for sure. In all my accounts, this is the only trader (buy and sell) and I can do more ISK in any of the other Chars but, as I'm not quitting EVE, I will keep that secret for me and my closest friends. Of course, if you are going to do this with your main Char it's better having a huge backup when you get wardeced by someone that have plenty of ISK to contract some of the mercenary groups to get you out of the market, don't doubt, this happens more than you can imagine. Oh, and is a sure way to not have friends as you will be always logged at your trade Alt, looking the orders and becoming more and more recluse in the game, ask Nightfreeze why he is quitting the game and why he didn't just shared his experiences with his friends but, instead, came to General Discussions to spread it. If you have doubts about what I'm talking about, you can put this Char in your buddlyst and monitor when I log with her, I can say before you do it: it's 2 times a week, if so, and no more than 2 or 3 minutes each time, because I pay to have fun and play with my friends.

Chribba Otherworld Enterprises Otherworld Empire	Posted - 2007.12.30 12:32:00 - [49] I wonder if OP is taking credit for someone elses guide or if you are the same person as the one posting this guide on the Goon forums? Secure 3rd party service ■ the Love project

Protheroe	Posted - 2007.12.30 13:10:00 - [50] Quote: I dunno... when I played EVE a year ago, I did a great deal of station trading in Jita IV. It's not all fun and games, incense and peppermints, even if you know exactly what you're doing and have a good stash of capital to start off with. There are lots of station traders in this game. After you put up your buy or sell order, half an hour later (sometimes much sooner) someone changes their order to beat yours. So you change your order to be better than theirs. Half an hour later, someone else has changed their order to trump yours yet again. Repeat ad infinitum. The name of the game is being the person with the lowest/highest bid when someone happens to fulfill one of your orders. There is no magical land where you put up your buy orders, go to bed, wake up, find them all or at least mostly filled, place your sell orders, go to work, then come home and your sell orders have also been filled. No, in the real EVE, you have to constantly check that **. Sure, even with lots of orders, it doesn't take long to do the checking. But trading in EVE is like smoking: You can't be away from the computer for more than an hour. To succeed at trading, you're basically chained to it. I started with 150 million as a n00b (from hauling some guy's ore for a month), and turned that into 700 million in over a week of station trading. I'm a smart fellow, and I learn fast... it's not hard. But I quit the game the first time because of station trading. It's profitable, but also a huge pain in the ass I agree. I enjoy trading, but I've found that once your orders are up, updating them is a monotony without any of the entertainment of other grinds. In the major trading hubs, or even popular mission areas, you are outbid or undercut far too frequently to make a reliable afk income out of it. You encounter less competition if you pick less populated areas and put up ranged orders, but the volume is often too low to make it worthwhile, and hauling to retail sites can be time consuming if you can't guarantee your courier contracts will be accepted. Quote: Would also like to see auto-updating orders that update on the 4 minute cycle to the best price up to whereever you set your stops. This is really worth discussing as it's a normal "feature" on all modern markets. Instead of the 0.01 game it would be all about triggering the other traders' stops, much like the real world. I like this idea, but I'm not sure about the 4 minute cycle. Wouuld orders update at a universal 4 minute interval, or in cycles from 4 minutes starting from when the order was placed until it is filled? If the timer is universal and all orders are updated at the same time, how do you choose between competing orders which update to the same price? If the timer is specific to each order, the trick would be to place your order so that the timer initiates at the start of the longest time interval in the 4 minute cycle between two other orders updating. Older orders are therefore still potentially penalised, and there is an element of randomness as to who can hijack the market at the correct time and be in the monopoly position for the longest part of the cycle. Quote:** Or howto push people out of the market who have more time than you to play the 0.01 isk game I want to hear this
Zeknichov Life. Universe. Everything.	Posted - 2007.12.30 13:16:00 - [51] Whyyyyyyyyyyyyyyyyyyyyy? I want less competition not more please. kthx.
Guilliman Roboute	Posted - 2007.12.30 13:34:00 - [52] Did I read correct that you are quiting? If so, would you mind helping someone out who'd love to give it a go, but has no financial backup? I would really like it ^_^. I don't play enough to be to sociable in eve, so many other things i do a day :(. but EVE <3
Guilliman R Gallente Garoun Investment Bank	Posted - 2007.12.30 13:34:00 - [53] ugh stupid alt, this is my main ---sig---
Valron Xizor The Xizor Cartel	Posted - 2007.12.30 13:53:00 - [54] Originally by: Vodun Edited by: Vodun on 30/12/2007 06:18:07 To be perfectly honest, I can't stand carebear crap like this, but keeping with the honesty, you've actually made it sound quite interesting. Making me consider starting up a trading alt just to check it out. Also, nice post; Most of the other market examples I've noticed people write have been overly complex and pretentious. I agree with the above poster though. Smaller pics or links would be better. Cheers How exeptionally narrowminded of you. Carebare crap? You assume every one plays Eve for the pew pew and that my friend shows the scope of your mentality. I wouldnt bother trying if I were you, you clearly dont have the brains to do this kind of thing. I suggest you stick with killing noobs to make your ISK.
Venec Rave Technologies Inc. C0VEN	Posted - 2007.12.30 13:55:00 - [55] Quote: [..]only to be blown up by some pirates who just got home from school.[..] wut
Paulo Damarr	Posted - 2007.12.30 14:06:00 - [56] Originally by: Nightfreeze Edited by: Nightfreeze on 30/12/2007 06:31:27 The best, fastest, and most effective way to make money in EVE is also one of the simplest. Trading. Now don't get me wrong. Trading does NOT mean space trucking NPC-bought goods across lowsec space for a couple million ISK profit only to be blown up by some pirates who just got home from school. The trading I'm referring to deals in player-built ships and modules, moon minerals, etc etc. It also does not require you to leave the station you are trading out of, assuming you are in a trade hub. Perhaps the best thing about it is that you MAKE MONEY WHILE YOU SLEEP. There's nothing better than waking up and seeing your wallet 200 million ISK fatter than it was than when you laid down to take a nap a few hours ago. I operated primarily out of Jita with an alt in Rens. If I put in the work, I can make over a billion ISK in a single day. If I weren't quitting EVE and decided to get really hardcore about trading and buy 4-5 accounts (one for each hub), I could easily see myself pulling in 2 billion ISK a day. Here's how: For EVERY item in EVE that is actively traded on the market, there is a spread between the buy orders and the sell orders. You can calculate the percentage size of this spread by dividing the price of the lowest realistic sell order by the price of the highest realistic buy order. For example: http://img404.imageshack.us/img404/1552/goods1xt3.jpg In this case, I would calculate the spread of the covert ops cloaking device IIs as follows: 10998/10000 = 1.0998 or 9.98%. If I put up a buy order at 10 million, have that buy order filled and put up a sell order at 10.998 million, I would make about a 10% return on the ISK invested. HOWEVER, you have to take broker fees and the sales tax into account. With no skill in broker relations or accounting, this shaves 3% off your profit. With broker relations 5 and accounting 5, you shave 2% off the profit. With great standings, broker relations 5, accounting 5, take 1% off the profit. The difference between 3% and 1% is HUGE when you're dealing with high-volume goods over a long period of time. Thus, on my accounting 5 broker relations 5 character with 0 standings, our 10% profit becomes an 8% profit. With a billion ISK invested in the trade, that's an 80 million ISK profit. Not too shabby. "But Nightfreeze, how can I find good stuff to trade?" Quite easy. Go into the price history screen and look at the table. Make sure it is sorted by date with the latest date is at the top. Multiply the AVERAGE PRICE PER DAY by the AVERAGE VOLUME PER DAY. A good rule of thumb is that if there isn't at least 1 billion ISK going through the item every day, it's not worth seriously trading. Also, make sure there is a sufficient amount of order volume. If there aren't at least 20 orders per day of the item, it might still be worth trading, but it won't be your bread and butter. The funny thing is, you don't even have to know what the item does. I don't know what half the ** I trade does. All you have to know is the spread and the volume. Or if you're lazy, you can look at the following screenshots and trade the stuff on the quickbar. Most of it fits my criteria for trading. A key thing to remember is that the markets are ALWAYS CHANGING, so you always have to watch them. An item with **ty volume and a 4% spread today might have great volume and a 20% spread tomorrow. http://img152.imageshack.us/img152/7534/goods2oa6.jpg http://img176.imageshack.us/img176/9098/goods3ul9.jpg Heresy! staying safe in high sec trade hubs making millions of ISK risk free! CCPs selling out people are supposed to be able to gank your ship! Move all the market stations and hubs to low sec because being able to trade safely in high sec is causing inflation and the collapse of the space time continuum like level 4 agents in high sec are!!!!!1111one!! ----------------------------------------------- My new years resolution is to give up nonconstructive posting
Artimis Scout	Posted - 2007.12.30 14:47:00 - [57] Originally by: Vodun Edited by: Vodun on 30/12/2007 06:18:07 To be perfectly honest, I can't stand carebear crap like this, You are aware PVP does not always mean shooting at people.
7shining7one7 Quafe Paladins	Posted - 2007.12.30 15:23:00 - [58] Edited by: 7shining7one7 on 30/12/2007 15:23:33 yep, charisma is a great attribute (got char 25). and definately has it's merit. it's also decent for command ship skilling, and a few standing skills, other than that it is granted useless for pvp. but eve is much more than pvp, eventhough that's a very very cool part of eve tbqh
Daphne Eveningstar	Posted - 2007.12.30 16:42:00 - [59] Edited by: Daphne Eveningstar on 30/12/2007 16:42:56 Originally by: Protheroe I like this idea, but I'm not sure about the 4 minute cycle. Wouuld orders update at a universal 4 minute interval, or in cycles from 4 minutes starting from when the order was placed until it is filled? If the timer is universal and all orders are updated at the same time, how do you choose between competing orders which update to the same price? If the timer is specific to each order, the trick would be to place your order so that the timer initiates at the start of the longest time interval in the 4 minute cycle between two other orders updating. Older orders are therefore still potentially penalised, and there is an element of randomness as to who can hijack the market at the correct time and be in the monopoly position for the longest part of the cycle. Isn't this pretty much exactly how price warfare is conducted currently? Currently we can only modify our open orders one time every 4 minutes. So really, the whole daytrading side of station trading is about keeping your orders on top of all the competitions'. So you keep enough orders open such that every time your competition updates their prices, you have one order free and untouched for 4 minutes to modify to outbid him and keep yours on top. So I am just asking that this process be automated to a degree. The majority of the people leading the price curve would be using auto-ticking orders with stops set. Prices might move a bit more gradually than they do now but there would still be a lot you could do to game the system like triggering the other guy's stops, and run multiple orders timed perfectly against the other guy's so you monopolize 90% of the "best price time" for an item. This would lessen the need to persistently load and reload and flip between items and check recheck and modify your orders by hand. You'd just set them and wait for either a sale or for your stops to trigger.
Daelin Blackleaf Aliastra	Posted - 2007.12.30 17:23:00 - [60] Originally by: Artimis Scout Originally by: Vodun Edited by: Vodun on 30/12/2007 06:18:07 To be perfectly honest, I can't stand carebear crap like this, You are aware PVP does not always mean shooting at people. You can lose a couple hundred mill to a combat PvP'er You can lose a several billion to a market PvP'er Carebearing it is not. I'd also love to know how these people fund themselves. If mining, trading, and NPCing are all carebear activities where do the ISKies come from? I suppose all those single units of tritanium must add up. Seriously, even the best pirate will have unlucky streaks and have to NPC or such to get their funds up.

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