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Calnar
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Posted - 2008.04.30 22:24:00 -
[1]
Hi, I have never manufactured anything yet... But I must have misunderstood when trying to do a P & L
I started salvaging and picked up some components which I know are used for building rigs. So I took a rig example - Looked up the amount and types of component needed to make it. Looked up the cost of those to buy on the market. Looked up the cost of buying a blueprint of that rig Looked up buying the books needed to learn manufacture that rig (eg industry, rigging and jury rigging ) Got confused on the time needed to manufacture.
But is that it ? Cos the cost of all the above - when subtracted away from the going rate for that completed rig for sale = HUGE (several million for a newbie) So if done on a multiple scale = big profit.
I think there must be a cost missing ??
Can anyone confirm my mis-assumption ? Cheers
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ISD Honeyschnookie
ISD STAR
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Posted - 2008.04.30 22:38:00 -
[2]
Edited by: ISD Honeyschnookie on 30/04/2008 22:39:47 No, I canŠt see anything you are missing. Rigs can be good profit - depending as always on how good your skills are, how much effort you put into it and also how well your product sells.
Base production time for rigs is 8 minutes with Industry V
edit: Forgot - *the* skill to get is Production Efficiency if you want good profit. level 4 is good, serious industrialists tend to get level 5
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Candice Bormardin
Caldari Jouvulen Enterprises Inc.
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Posted - 2008.05.01 01:26:00 -
[3]
The blue prints are cheap but if you buy the materials some of them aren't.
Mostly, it takes a good bit of time to accumulate the materials to build a rig.
I first started looking at this thinking about increasing the power grid on one of my frigates and came to realize that that was not a good idea.
All in all, because of market forces on the materials involved and the work it takes to accumulate them, rigs are very expensive.
Mostly, as a new person, you can't afford rigs - but - you could start working towards building them. Since it takes time to accumulate some of the components you might need, no reason not to start now.
Get yourself a Salvager and start salvaging wrecks. Do a show info on the Salvager in the Market Place window to see what skills you need for it.
I run my level I missions in Destroyers with 4 weapons, two salvager's and two tractor beams but as you move up into higher level missions, you can take the guns off the Destroyer, put on more salvager's and tractors and just go get it (or have a guy on a second account waiting with it) to salvage your missions.
While you are doing that - you want to do Material and Time Research on that blue print so that it will be more efficient. The Metallurgy Skill will reduce your Materials Research time and the Research Skill reduce your Time Efficiency time.
All in all Manufacturing is the type of thing you would do with a character you made as an Engineer but anyone can do it.
If you've actually found something you could make where you could actually BUY the materials and still make a healthy profit instead of salvaging them yourself - congratulations! Just make sure that there is actually a market for that rig before you spend a bunch of money to make one.
As with a lot of other market related things - you probably want to keep things like that to yourself - as if you tell someone - then everyone will do it and - oops profit picture has changed. Trouble is ... if you've figured it out ... someone else has too.
You might want to do some market research in various Regions to see how wide spread the popularity of that rig is.
Just because someone is asking a lot of money for a rig - doesn't mean that people are paying it. There's a history function in the market window you can us to see what the volume of sales for an item has been and how it's price has fluctuated over time.
What I did - was to pick a couple of rigs I wanted to build for myself and started working toward being able to build them. Then, if I have some extras I'll sell them.
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Ard UnjiiGo
The Bastards
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Posted - 2008.05.01 02:35:00 -
[4]
It was a good moneymaker for me as a rookie and led me into trade which still is. I bought most of my salvage.
If you don't mind a little risk you can drastically cut your material costs by finding a good region for placing cheap regional buy orders for salvage parts you want. Monitor your buy orders to adjust for competitors and when you have enough to make it worth a trip head out through low-sec in a fast, quick-to-align frig and grab up your salvage after a few weeks.
If this works well for you then also do it for other small but expensive items and collect them on your runs and bring them back to a high-sec trade hub to sell for mucho profit.
Luck to ya.
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Baka Lakadaka
Gallente Agony Unleashed Agony Empire
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Posted - 2008.05.01 02:45:00 -
[5]
I build all tech 1 rigs and the biggest issue is getting the materials at a reasonable price. It takes a HUGE investment to get all the BPOs, research them and buy all the parts required.
My advice:
Do your research (i.e study the market, not BPO research).
Invest in small chunks and manage your cashflow, don't go out and tie up 50mil in parts for a polycarbon engine housing, expecting to make a 10 mil profit (your ISK will be tied up for a long time waiting). You'd be better off buying the parts for 2 or 3 cheap rigs and making a mil on each, reinvesting each time into more parts and selling the rigs quickly.
Build slowly, when you've got a few inexpensive rigs selling regularly, your profits will grow quickly. Invest into another BPO and parts as you can afford it.
______________________ Isn't it time you learned to fight back? Agony Unleashed Home of the PvP University. |
Calnar
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Posted - 2008.05.01 05:46:00 -
[6]
Edited by: Calnar on 01/05/2008 05:47:52 Edited by: Calnar on 01/05/2008 05:47:17 Wow, thanks guys -some great help. Yeah, I was intending just to try it out on a very small scale so if I get stung - I get stung and not have my head ripped off and lose everything. If it works out the first few times - then ramp it up and I like the idea (eventually when I shed my noob skin) of travelling through low sec to make those bargain pick ups
Thats the beauty of this game - lots and lots of parameters. Confusing ? Very much so. Challenging, exciting and interesting because of it ? Hell yeah Cheers again
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Baka Lakadaka
Gallente Agony Unleashed Agony Empire
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Posted - 2008.05.01 06:12:00 -
[7]
Originally by: Calnar Edited by: Calnar on 01/05/2008 05:47:52 Edited by: Calnar on 01/05/2008 05:47:17 Wow, thanks guys -some great help. Yeah, I was intending just to try it out on a very small scale so if I get stung - I get stung and not have my head ripped off and lose everything. If it works out the first few times - then ramp it up and I like the idea (eventually when I shed my noob skin) of travelling through low sec to make those bargain pick ups
Thats the beauty of this game - lots and lots of parameters. Confusing ? Very much so. Challenging, exciting and interesting because of it ? Hell yeah Cheers again
If you're even half clever, you won't get stung. Starting small is the key, cashflow is everything when starting and running a rig business. The investments are big, so you can't afford to have it all tied up in something that's hard to sell.
I had a polycarbon sell last night......woohoo 60mil back in the bank and it had been on market for so long I'd forgotten it was there.
______________________ Isn't it time you learned to fight back? Agony Unleashed Home of the PvP University. |
Vladimir Ilych
Gradient Electus Matari
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Posted - 2008.05.01 09:33:00 -
[8]
As well as the production efficiency skill which will help lower the number of salvaged items you need to build a rig remember to conduct materials research on the blueprint itself.
Again this lowers the amount of salvage items you will need thus increasing your profit margin.
You should be able to find a public research slot in an NPC station with less than a 20 day wait time. This will almost certainly be in low sec though.
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RaTTuS
BIG
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Posted - 2008.05.01 10:28:00 -
[9]
Originally by: Vladimir Ilych
You should be able to find a public research slot in an NPC station with less than a 20 day wait time. This will almost certainly be in low sec though.
yes this is the bad bit ... either buy 2 bpo's and put one in research Shows you perfect* ME levels and use the other or just wait while you collect the parts.
*Perfect ME levels is now not quite right - wsatage comes into effect.
-- BIG Lottery, BIG Deal, InEve
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