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Woodwhisper
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Posted - 2004.05.17 02:35:00 -
[1]
I'm looking and wondering, is it possible to make money just well trading, you know, go to point A, buy goods, go to point b, sell goods for a profit?
And if it is, how does one actually achieve this? Or is it just search around and see how it goes?
Woodwhisper
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tomw
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Posted - 2004.05.17 02:49:00 -
[2]
its possible, but in the time spent doing it you could make 10X as much mining. your best bet if you really want to do trade runs is look at the price minerals are being sold for and what people are paying, ive made a few isk running mexallon around.
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any and all statements above this line may be influanced by alcohol and/or cheetos.
Dragons united is now recruiting, contact me, slidw, or marcusal |
gk0r
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Posted - 2004.05.17 03:40:00 -
[3]
Yes, it is possible to make money trading. It is possible to make money doing anything in this game.
Yes you can make more money mining. In fact - you can make most money mining. I can not think of a way to earn more per hour than mining - but there are different kinds of mining depending on the rock you are after.
You seem like a new player so it is most likely that you will be restricted to higher security zones with Concord protection. Your best mining options are probably scordite and if you are lucky - omber.
Trade running isn't bad idea. You can buy anything, minerals, blue prints - anything. Turn around and sell it. Only problem with trading is that it takes experience and knowledge to make money. It takes a lot of money to make money if you aren't experienced in this field. You can make few million isk by picking up load of isogen for 55 and selling it at 64. But it will take you 20 mill to do that (or as much as you like since you are making 20% profit)
But if you are a new player - agent missions could also be a good way to make your initial capital and build up the knowledge base. I made first 5 mil doing just that, my friends made his first 5 mil trading isogen - but best tip I can give you is moderation.
You will be bored to hell hauling from one place to another.
You will be bored to hell mining all the time.
You will be bored to hell doing agent missions.
You will be bored to hell doing research or manufacture gear
Path to success lies in moderation, initiative and courage to loose as many ships or as much money you need to be happy with your achievements, whatever they are. Money will follow naturally.
Try and experiment with different ways of making money - this is a great game with many possibilities ;)
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I make up with stupidity for the rest of my corporation.
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TheNecromancer
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Posted - 2004.05.17 06:22:00 -
[4]
Yep..you can actual make a great deal of money....
I ones made 500k isk for just 6 jumps...with my indy ship......bought cheap..sold expensive.....
but I was not able to replicated it again......
its really hard to find very cheap goods.......in the right amount of numbers...
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Falbala
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Posted - 2004.05.17 06:41:00 -
[5]
You need to two things: the best place to buy and the best place to sell. Then you can make good money.
My first good deals on trade I made them in Solitude with an imicus, actually it is much camped by pirates so you would have troubles getting there.
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Woodwhisper
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Posted - 2004.05.17 08:26:00 -
[6]
*chuckles*
Well I got my answer, even if i didn't want to hear it...
Well I have a couple of plans and goals set for me with Agent missions, Once i have them it will probably be onto looking into joining the Minmitar/Ammar battles out there... i have this itch I want to scratch...
Woodwhisper (Currently Mission running for the RSS)
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Dian Cecht
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Posted - 2004.05.17 08:45:00 -
[7]
Most of my money is made on the market, don't just restrict yourself to trade goods. Have a look at ship equipment as well. Keep a weather eye open on the trade channel and get used to the prices of various off market trade goods. Also, you can find manufacturers willing to pay above the odds for a constant supply of minerals.
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Falbala
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Posted - 2004.05.17 09:54:00 -
[8]
"just trading" is the problem. You need a lot of work to get good money with trading.
Because the market changes everytime. Yesterday it was isogen, today it is mexallon, tomorrow it will be something else, you need to watch all the time for good deals.
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Rodge
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Posted - 2004.05.17 11:08:00 -
[9]
 Originally by: Falbala
"just trading" is the problem. You need a lot of work to get good money with trading.
Because the market changes everytime. Yesterday it was isogen, today it is mexallon, tomorrow it will be something else, you need to watch all the time for good deals.
Yeah, there is always someone who's willing to pay over the odds for just about everything. I only trade in semi-high value goods. There are great instant profits to be made in trading implants and harvester drones. There are also huge profits to be made in buying and selling jove parts. You do need a few million isk in the bank to fund purchases of these things though. Plus you need to know where to find people selling these items cheap and where to find people that are willing to pay big for them. It's also important that you keep these two groups seperate from each other 
There are certainly profits to be made on buying and selling low end items. It's just that I don't like hauling them myself. Though it is easier to identify where to buy from and sell to, as you can just use the advanced market info screen.
[ 2005.04.17 00:34:30 ] Nagilam > u better leave Rodge, u will not gank any1 else 2nite......
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Zansin
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Posted - 2004.05.17 11:22:00 -
[10]
trading is gr8 ive made vast ammounts of money trading buying in mins and comodity goods and selling them in low sec space for a profit its gr8
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Shintoko Akahoshi
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Posted - 2004.05.18 05:27:00 -
[11]
Trading requires dedication and time, mostly in researching the markets and devising trade routes, but it can be done. Jericho Fraction has a number of very successful traders who have made billions (literally) of isk moving things from one spot to another. I'm a very poor trader myself, yet I've been able to make upwards of 40 million isk over a period of two weeks trading (With 4 million isk seed money. But only once! I've never duplicated this. But then again, I'm a lousy trader and that amount of money is enough to keep me in cheap frigates for a long, long time) using frigates as my haulers.
Listen to all the people who say that you need a decent amount of seed money, though. Take a hypothetical trade route that gives you a 110% return on your investment. That's a pretty good trade route. If you've only got 500,000 isk with which to buy your goods, you'll only make 50,000 isk profit on the run. If you can buy 50,000,000 isk worth of goods, though, you'll clear 5,000,000 isk profit on a run. Trade really only comes into it's own when you've got a big pile of seed money with which to buy your cargo.
There's no meaning to life when you cling only to common sense |
Batavier
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Posted - 2004.05.18 10:59:00 -
[12]
Indeed, money makes money. Better to start with some agent runs and some mining first.
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Falbala
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Posted - 2004.05.18 14:48:00 -
[13]
Look at this: Linkage
I bought 300k mexallon yesterday and made a few millions profit out of it. It took me almost 5 hours to sell everything, but I could have been faster, I was afk most of the time and my indy is very slow. When you buy at 10 and sell 22 you can't be wrong  .
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Eli Whitney
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Posted - 2004.05.18 22:17:00 -
[14]
Edited by: Eli Whitney on 18/05/2004 22:19:36
You can make tons of money flying needed things like miner II's, afterburners, MWD's, cargo expanders etc out to stations way out in 0.0 space. Of course getting there with your cargo intact is another thing entirely. But I make about 20 or 30 million in a couple of days doing this. The run out is about 40 hops, through pirate infested space. Use your map and make the run late at night. Make bookmarks of the route in a shuttle beforehand. It takes awhile but cuts down on your chances of dying and makes the trip take much less time.
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Hawke
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Posted - 2004.05.20 09:46:00 -
[15]
After reading the advice in this thread, I did a bit of exploring and I have found a trade route which gives me 112% profit per trip and its between two stations in the same system !!! :)
I can make 112k isk per trip and with some instajump bookmarks I can churn 1 - 2 million an hour.
Going to do it for a few days get myself another cruiser and keep it for when I need money :)
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Pirate Detective
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Posted - 2004.05.20 16:49:00 -
[16]
I've also been looking into making profit from just trade. The best profit margin was from buying some Ogre 1 drones for 70K/a piece and selling for 150K/a piece, unfortunately they only wanted 2 but still thats 160K profit for only moving 2 items.
Made good profit from trading Amarrian goods, which chaps my hide becuase I'm Minmatar.
It take a lot of time looking for items to buy low and sell high all within the same region, considering you usually have to have a decent quantity to make it worth it.
"Light a fire for a man, keep him warm for a night. The the man on fire and keep him warm for a lifetime!" |
Eli Whitney
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Posted - 2004.05.20 22:13:00 -
[17]
Make additional characters and get them shuttles, then fly them to adjacent regions to be able to jump around and check market prices.
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Hawke
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Posted - 2004.05.28 12:43:00 -
[18]
Edited by: Hawke on 28/05/2004 12:46:38
Just a quick update I've recently lost my omen (afk whilst dealing with a work call *sigh*) however with the 4.5 million insurance as additional 'seed money', I am now make roughly 500 - 600K isk per trip between two stations in same system.
Unfortunately as I am buying in HUGE amount this only works for 2-3 trips before the sell prices rise to be unprofitable.
I have now found several systems with the same type of deal :)
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Fto Cruise
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Posted - 2004.05.29 11:24:00 -
[19]
Trading before the Castor patch was much better. The two hours after downtime were good fun. NPC corps used to buy and sell much larger amounts, but were only seeded once a day. Imho, they nerfed it way too much
Money should make money. If you've played hard enough to earn some isk, it should be allowed to make you more.
Manufacturers of the 425mm Railgun II |
Dallenn
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Posted - 2004.05.29 12:39:00 -
[20]
Buy and sell orders are the way to go. This requires time and capital.
I think best I have done was a 1 jump trade run made in a frigate this way... earned maybe 4M on that once the goods were sold. And yes it was cross-region :-)
Missiles can be a good trade item for a beginning trader, also new players should look for courier missions regularly.
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Magellan Abraxis
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Posted - 2004.06.01 10:47:00 -
[21]
I have a trading question...
I was looking at NPC corp-info yesterday, and came across a NPC corp that seemed to have a demand for mexallon. I am referring to the "market activity" tab in the Corp information screen. It said under demand that the corp was paying 22 ISK per unit and that the most recent transaction had been around 17:30 that day, about 7 hours before I spotted this information. So I bought about 23.000 units of mexallon at a local dealer for 17 ISK per unit, and thinking to make a nice 5 ISK per unit profit, I ventured into Amatar territory. But when I checked the market in the region, the best price I found for mexallon was about 18.5 ISK! I am also 100% positive that the corp only had starstations in that perticular sector. So my question is why it says 22 ISK in the market activity screen when it's not correct or accurate?
Hope someone knows the answer to my question.
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Explorer at heart, trader at mind. |
Fto Cruise
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Posted - 2004.06.02 14:45:00 -
[22]
Originally by: Magellan Abraxis
It said under demand that the corp was paying 22 ISK per unit and that the most recent transaction had been around 17:30 that day, about 7 hours before I spotted this information...
...So my question is why it says 22 ISK in the market activity screen when it's not correct or accurate?
Your problem lies with the 7 hours. An awful lot can change in that time.
Manufacturers of the 425mm Railgun II |
Falbala
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Posted - 2004.06.02 15:07:00 -
[23]
When dealing with NPC corps, market works like this: they put buy orders for 30k units of mexallon. You look at market in a station and you find where you can sell it. If someone beats you to it then you need to wait the next order or sell at a lower price. Don't buy mexallon at 17 if you plan to sell some later, max prices you should buy minerals are:
tritanium: 1, pyerite:4, mexallon:16, isogen:64, nocxium:256
Above these prices you are taking the risk of not being able to resell at a sufficiently higher prices to make good benefits.
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Magellan Abraxis
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Posted - 2004.06.02 15:53:00 -
[24]
Thanks for the advice.
I got lucky though; when I logged on yesterday evening, I rechecked the market and I was able to sell all of my mexallon at the station where I was docked for 21 ISK, making a nice profit afterall.
Will be more carefull next time. Right now, I am selling garbage within the same region, making about 100K ISK per run. Not fantastic, but I haven't located a better deal yet (and I need a little bit more cash, because I have about 600K ISK right now, and as many have said in this (and other) thread(s); it takes ISK to make ISK). 
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Explorer at heart, trader at mind. |
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