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Madam Isk
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Posted - 2008.10.30 21:06:00 -
[1]
Edited by: Madam Isk on 30/10/2008 21:06:44 So I finally made a long time goal of acquiring a freighter (Obelisk), the skills to fly it, saved 1 billion ISK, and now I'm trying to decide how to make some money trading. I've searched the forums and haven't really found any good tips other than "buy low, sell high". I've noticed I can make about 5-10% hauling minerals to jita but was hoping somebody might give me some other ideas. Thanks in advance!
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Feryal Sky
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Posted - 2008.10.30 21:13:00 -
[2]
How long have you been playing?
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.10.30 21:15:00 -
[3]
Well 5-10% in large volume is good. Low volume, not so good. You should post this question in Market Discussion, although you'll have a harder time (impossible) in getting someone to give up a market tip to you.
BPOs Interested in Orca BPO? |
Madam Isk
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Posted - 2008.10.30 21:22:00 -
[4]
Originally by: Feryal Sky How long have you been playing?
Off and on since the beta, mostly off so I'm still kind of a n00b.
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Clair Bear
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.30 21:29:00 -
[5]
Haul fittings and ammo to mission hubs. Put in region buy orders for melties. Use contracts to aggregate melties in one spot. Turn melties into mission-capable ships, or haul melties & reprocessed melties to sell in Jita.
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Madam Isk
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Posted - 2008.10.30 21:43:00 -
[6]
Originally by: Clair Bear Haul fittings and ammo to mission hubs. Put in region buy orders for melties. Use contracts to aggregate melties in one spot. Turn melties into mission-capable ships, or haul melties & reprocessed melties to sell in Jita.
Thanks Clair Bear. What are melties exactly? Junk T1 modules that are recycled?
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Nissan Sentra
Directive Of Creations.
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Posted - 2008.10.30 21:58:00 -
[7]
Originally by: Madam Isk
Originally by: Clair Bear Haul fittings and ammo to mission hubs. Put in region buy orders for melties. Use contracts to aggregate melties in one spot. Turn melties into mission-capable ships, or haul melties & reprocessed melties to sell in Jita.
Thanks Clair Bear. What are melties exactly? Junk T1 modules that are recycled?
Yes. Things like ammo, mods, and sometimes ships. I have made a killing up near Rens buying slashers for 200.00 isk and reprocessing. NS |
Frenden Dax
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Posted - 2008.10.30 22:35:00 -
[8]
Originally by: Nissan Sentra
Originally by: Madam Isk
Originally by: Clair Bear Haul fittings and ammo to mission hubs. Put in region buy orders for melties. Use contracts to aggregate melties in one spot. Turn melties into mission-capable ships, or haul melties & reprocessed melties to sell in Jita.
Thanks Clair Bear. What are melties exactly? Junk T1 modules that are recycled?
Yes. Things like ammo, mods, and sometimes ships. I have made a killing up near Rens buying slashers for 200.00 isk and reprocessing.
Prepare to have that market invaded by lurkers.
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Ami Nia
Caldari
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Posted - 2008.10.30 22:50:00 -
[9]
Originally by: Nissan Sentra buying slashers for 200.00 isk
Originally by: CCP Mitnal So we can 1 v 1 with Garmon.
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.10.30 23:44:00 -
[10]
It's a good margin, but it's not worth the time except as part of a much larger operation. --- DIY copying in Liekuri 20:1 mineral compression Eve Online folding@home team |
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Kazzac Elentria
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Posted - 2008.10.31 03:32:00 -
[11]
Keep doing what you're doing. Pick an aspect of trade you want to focus on. Don't try to do it all. I know people will always say diversify, but when your using a freighter and trading it matters little how many different things you trade but how many of each you do. Volume is your friend.
The freighter affords you an advantage (albeit time intensive) your station traders may not have, or utilize. You can use this to bump your margins higher than theirs. |
Re Mi
Caldari Funshine Unlimited
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Posted - 2008.10.31 05:07:00 -
[12]
You actually need 1.5 to 2 billion isk. One billion is to buy the freighter, the second billion is to fill it with stuff. A freighter isn't a license to print isk, all it does is give you options to move big heavy things in addition to small light ones. You can haul everything from BS to minerals to POS fuel and enter the bulk markets. If you don't know what to buy and sell, pick a few items from each category, ammo, minerals, ships, et cetera and sell them in several places. When you see what sells, buy and transport more and make a guess as to why that item is selling there and figure the market out.
Back on Retainer. I am cheap but not easy. |
Paul JN
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Posted - 2008.10.31 05:35:00 -
[13]
Originally by: Nissan Sentra I have made a killing up near Rens buying slashers for 200.00 isk and reprocessing.
So thats why Slasher buys dropped in heimatar for me recently :D
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Rivqua
Caldari Omega Wing Wildly Inappropriate.
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Posted - 2008.10.31 07:14:00 -
[14]
Originally by: Re Mi You actually need 1.5 to 2 billion isk. One billion is to buy the freighter, the second billion is to fill it with stuff. A freighter isn't a license to print isk, all it does is give you options to move big heavy things in addition to small light ones. You can haul everything from BS to minerals to POS fuel and enter the bulk markets. If you don't know what to buy and sell, pick a few items from each category, ammo, minerals, ships, et cetera and sell them in several places. When you see what sells, buy and transport more and make a guess as to why that item is selling there and figure the market out.
He had a freighter already, and a billion isk, Re :)
//Riv
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Sicil Fioet
Minmatar
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Posted - 2008.10.31 07:21:00 -
[15]
"Buy low" constitutes finding out where supply is and hence prices are low. "Sell high" constitutes finding where demand is high thus you can resell there for greater price. For in-station traders that's pretty simple since they trade just at one or a few stations never having the option to move their goods anywhere else. Freighter gives you mobility to move the goods around to quench supply at one location and meet the demand in another location. Where, what, when, and how requires you to sit down for a few hours days even if you need and take a very close look at the market, see what is selling in which regions for what price and volume. Then you will figure it out.
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Confuzer
Volition Cult The Volition Cult
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Posted - 2008.10.31 14:47:00 -
[16]
Haul named stuff to Jita. ----------------- Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Elirel
Alpha.Tech
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Posted - 2008.10.31 15:26:00 -
[17]
The advice i am going to give is not related to your question but still important.
Do not haul over 1 billion isk in freighter per trip. Do not haul over 800 million in 0.5 sec.
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Nissan Sentra
Directive Of Creations.
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Posted - 2008.10.31 17:42:00 -
[18]
Originally by: Paul JN
Originally by: Nissan Sentra I have made a killing up near Rens buying slashers for 200.00 isk and reprocessing.
So thats why Slasher buys dropped in heimatar for me recently :D
NS |
Cheopis
Ardishapur Ammunition and More
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Posted - 2008.11.01 07:46:00 -
[19]
Set open buy orders for NPC trade goods. Move trade goods to places where NPC's buy the items. Set open sell orders.
When NPC's reset their sell prices to low amounts, you buy up at your source, automatically. When NPC's reset their buy prices to high amounts, you sell down at the destination, automatically.
Over time, even those annoying little places that only buy or sell a few items will add up. Remember what you ideally want to do is set very large buy and very large sell orders, so the process will happen mostly without your intervention.
Don't set region-wide orders unless you have people to run overwatch on you as you enter lowsec/0.0 areas. You might be able to get away with radius buys, if you are careful. The last thing you want to do is accidentally buy 7 million robotics in a .1 sec system that happens to be the stomping grounds of a well-established pirate group. |
Frenden Dax
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Posted - 2008.11.01 07:52:00 -
[20]
Edited by: Frenden Dax on 01/11/2008 07:52:23
Originally by: Cheopis The last thing you want to do is accidentally buy 7 million robotics in a .1 sec system that happens to be the stomping grounds of a well-established pirate group.
That's what contracts are for. That pirate group might end up hauling your crap for you to make some easy money.
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Cheopis
Ardishapur Ammunition and More
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Posted - 2008.11.01 08:06:00 -
[21]
Originally by: Frenden Dax Edited by: Frenden Dax on 01/11/2008 07:52:23
Originally by: Cheopis The last thing you want to do is accidentally buy 7 million robotics in a .1 sec system that happens to be the stomping grounds of a well-established pirate group.
That's what contracts are for. That pirate group might end up hauling your crap for you to make some easy money.
heheh there is that, but it adds another level of expenses which might or might not be acceptable.
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Jay Tecs
Caldari Ascendant Strategies Inc.
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Posted - 2008.11.01 08:52:00 -
[22]
Originally by: Confuzer Haul named stuff to Jita.
U buy stuff in jita to haul to sell In all honesty most of the time i find jita has the lower prices jsut because everyone thinks IT'S JITA LOL UNDERCUT and prices fall heres some tips create some trade alts couple days of training and you are decent put them in the hubs keep your main also check out major mission hubs put up buy orders for minerals and ammo watch markets move items as needed and profit I could add more but you cant give away everything
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Tamarana
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Posted - 2008.11.01 14:40:00 -
[23]
If you have time, buy NPC stuff around and sell it in Jita. I would say that, in Jita, all stuff POS related can be sold with a premium. Oxygen, robotics, mechanical parts, enriched uranium and cooler. For example, Enriched Uranim could be bought from a few places in High Sec that sell it in bulk quantities, ferried to Jita and sold 0.01 isk less that the NPCs. The same is true for the other stuff. 180 K (around 900 M isk) of Enriched Uranium clear in around a night and net a profit of 60-70 M isk. And you need to travel around 70 jump.
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Zero Invention
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Posted - 2008.11.01 22:23:00 -
[24]
BUY MY SHARES
Zero Invention > WTS Shares from 2Drunk Industries... FORUM POST: http://oldforums.eveonline.com/?a=topic&threadID=912923 HAPPY INVESTING
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Iknota
Dynasty Banking
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Posted - 2008.11.01 22:32:00 -
[25]
Originally by: Zero Invention Shameless plug
No. Wrong. do not highjack a post!
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John Holt
Caldari ANZAC ALLIANCE Southern Cross Alliance
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Posted - 2008.11.02 07:48:00 -
[26]
I have to wonder why a guy will train up to freighters and buy one and then ask, "what should I do with it?" I'm a trader and I have the money to train to freighter and to invest in hauling opportunities but I haven't found one yet that can rival what I'm making at trading.
When I started playing in 2005 I used an industrial and would buy minerals in market hubs and fill buy orders with them in other places. I could make a million or so a trip, but it was just too much work, with too much risk for so little.
To really do a freighter justice you would have to fill it with items each trip (well in excess of a billion isk) and make it your rule to never run empty. That, as another has pointed out, carries a lot of risk.
I think freighters are primarily for moving stuff around from high sec to null sec and vise versa. I don't see real trading opportunities in it that can beat out right trading. Just my humble opinion. John Holt My Personal Eve Site
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Barbicane
TGUN Industries
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Posted - 2008.11.02 10:15:00 -
[27]
One niche where a freighter would be needed is moving T2 ships between trade/mission hubs. There are often week-long 10-30% price differences that can be exploited. I've seen many opportunities but always considered it too much hassle and too much risk to actually do the trade runs.
The risk, now that high-sec suicide ganks are much less common, primarily lies in the price diff disappearing before you have time to sell your ships. Then again, if the risk wasn't there, chances are someone else would have already exploited the opportunity. You can probably minimize the risk if you have patience to learn how the respective markets work in the respective hubs, and if you have a long term approach to profit making.
This type of inter-hub trading also works for modules (t2 and some named), data cores, and other goods, but then you can do it with a normal industrial so those opportunities tend to close after a day or two.
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Barbicane
TGUN Industries
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Posted - 2008.11.02 10:38:00 -
[28]
I just have to make one ammendment to my own post before all new traders rush in (this is about knowing the local market):
After you have bought 20 Falcons from Jita and moved them Rens, don't just dump them all on the market and expect them to sell. That works in Jita but it doesn't work in Rens where the volumes are lower. All you will accomplish is that all the other traders will undercut you and you won't sell a single ship. The trick is to have an alt in Rens to handle the sales, and put up one or two ships for sale at a time, then reapeat until the lot is sold. If you let other traders sell some ships too, the price level won't crash as quickly.
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Bloody Rabbit
Jita Miners
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Posted - 2008.11.02 16:50:00 -
[29]
Originally by: Barbicane The trick is to have an alt in Rens to handle the sales, and put up one or two ships for sale at a time, then reapeat until the lot is sold. If you let other traders sell some ships too, the price level won't crash as quickly.
This is how to sell items in smaller markets, not just rens.
And this is something that is left out of most comments on trading.
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