Aubrey Addams
University of Caille
Gallente Federation
15
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Posted - 2012.05.09 09:45:00 -
[1] - Quote
I used to check the supply / demand first, then produce the item, then put up the sell order for the item for around the highest price I found in the item's 1-3 month market history. Then I just wait for the supply to run out, and reach my sell orders. You need to have patience for this and sometimes your item will wait on market for 1-3 weeks before the supply sold out, but if its reach you, your stuff will sold high. Thats why I produce different kind of things, so I have constant income, because there is usually an item which reaches a supply drain and people can only buy it for high.
I also don't participate in 0.01 ISK wars on selling side. If I have 200 items to sell, and there are sell orders before me for 5, 10, 40 item / order for example, and demand is 500/day, I put my sell orders behind the low quantity, because they will filled, then I will be the next, and I can sell my stuff higher.
For buy, I put buy orders, than wait half-1 day, and usually they filled without having to compete. Also if I want to buy 300.000 of something and there are buy orders for less quantity, I put my buy orders below them, cause they usually will be filled, and after then mines are filled too, and I can buy cheap and not generate rising prices.
You can also generate price fall / destroy a market if you always put your sell orders for the cheapest price, because then others starting to compete you and price will start to roll lower and lower. That's not so bad if others put their orders just 0.01 ISK before, but there are always some ppl who don't have patience and put sell orders for foolishly low prices and destroys yours and others market.
Remember, these are not the best tactic if you need money fast and you play hardcore industrial, but if you just play 1-2 hour / day casual and don't want spreadsheet and counting, hauling, ordering all day. I could produce lots of items and sell them with lower profit, and maybe my final ISK balance would be higher, but I just don't like to produce and play the businessman all day along. |