Only a few days after moving to a different trading hub I can already feel the results and rake the profits. Competition on my favorite trade items is less fierce than in Rens, and it reflected straight away on the bottom line.
Current state of affairs is as follows:
1. Items for sale: ~3.8bil (this will probably shring down to ~3.2bil since I did overprice some items)
2. Freeflow cash: ~1.3bil
3. Items in transfer: 0
4. Available PLEX: 0
If everything goes right, in about a month I will have enough ISK to start a long term plan that was on low fire for a while: Blueprint research.
One of my characters will soon have high enough standings to anchor a POS in .7 sec minmatar space, and and soon as that happens I will start looking into setting up a large POS with a bunch of labs and advanced labs to start researching BPO's. Ideally in about 9 months I will have a few highly researched BPO's that will start providing profits from from BPC's that will be created in the same POS.
Only time will tell whether this long term plan is viable to begin with.
In addition, i'm approaching the point where I will be able to spare 6 PLEX each month for each of my currently active accounts.
Sunday, October 27, 2013
Tuesday, October 22, 2013
I guess I was doing it wrong
This morning I officially decided to move out of Rens and look for greener pastures. Market for items I was trading became too competitive, and my trading volume was down to less than 100mil profit per day. I don't know whether there are bot traders there, or no-lifers, but I can't be online and update my sell orders every 10 minutes or so to remain competitive.
Current state of affairs:
Total sell orders: 0 isk
Total free-flow ISK: 2,414,000,000.0 (-ish)
Items for sale: ~700,000,000 isk
Available PLEX: 0
I already moved the character to another trading hub where I have relatively decent standings (0.42% broker fee) and hopefully today I will start investigating the new hub and trading opportunities.
Current state of affairs:
Total sell orders: 0 isk
Total free-flow ISK: 2,414,000,000.0 (-ish)
Items for sale: ~700,000,000 isk
Available PLEX: 0
I already moved the character to another trading hub where I have relatively decent standings (0.42% broker fee) and hopefully today I will start investigating the new hub and trading opportunities.
Friday, October 18, 2013
Trading update - 10/18/2013
Trading is definitely a profitable business in EVE Online, but of course, I knew that already.
The state of my trading is as following:
1. Sell orders: 1,225,092,710 isk
2. Freeflow cash: 1,010,162,504.92
3. Available PLEX: 1
4. Spent PLEX: 1
Time to reinvest into my favorite trade items, and perhaps look for new markets.
Last round of trade was in items that seem to have a very large competition, and due to my infrequent price updating, it was a lot slower than I expected - basically my greed got the best of me. I saw highly profitable items that trade in acceptable volumes, and the price difference between Jita and Rens was over 100%. The mistake I made was jumping onto that wagon with more than 2-3 items.
Time to start looking into other low volume high profit items that don't have over 20 traders competing for the sell.
I also decided to add PLEX to the audit information. One PLEX was used for a new account that will become my Dodixie trading alt. The alt is currently training Cybernetics 5, and as soon as it's trained up he will get a +5 charisma implant and start training his trading skills.
This new alt brings me to the musings part of this blog post. Since it's a new alt, i'm stuck with the rookie help channel for a month (I know I can close it, but ...) and just looking at the rookie help channel gives a great insight into various types of people that you encounter almost on every MMO.
You have your genuine newbies who just want to get pointed in the right direction, and then you get the other type of newbies who want to be spoon-fed, and almost want to have someone else play the game for them. And then of course you have the newbie helpers who most of the time seem to be perfect assholes who come to the rookie help channel for an ego boost since they can't get it somewhere else (with a very few exceptions).
If any newbie ever comes to read this blog, here is a piece of advice: google is your friend. I learned much of what I know about EVE (not that I claim I know that much) from other EVE bloggers. Stop asking stupid questions in game, and start working for yourselves.
The state of my trading is as following:
1. Sell orders: 1,225,092,710 isk
2. Freeflow cash: 1,010,162,504.92
3. Available PLEX: 1
4. Spent PLEX: 1
Time to reinvest into my favorite trade items, and perhaps look for new markets.
Last round of trade was in items that seem to have a very large competition, and due to my infrequent price updating, it was a lot slower than I expected - basically my greed got the best of me. I saw highly profitable items that trade in acceptable volumes, and the price difference between Jita and Rens was over 100%. The mistake I made was jumping onto that wagon with more than 2-3 items.
Time to start looking into other low volume high profit items that don't have over 20 traders competing for the sell.
I also decided to add PLEX to the audit information. One PLEX was used for a new account that will become my Dodixie trading alt. The alt is currently training Cybernetics 5, and as soon as it's trained up he will get a +5 charisma implant and start training his trading skills.
This new alt brings me to the musings part of this blog post. Since it's a new alt, i'm stuck with the rookie help channel for a month (I know I can close it, but ...) and just looking at the rookie help channel gives a great insight into various types of people that you encounter almost on every MMO.
You have your genuine newbies who just want to get pointed in the right direction, and then you get the other type of newbies who want to be spoon-fed, and almost want to have someone else play the game for them. And then of course you have the newbie helpers who most of the time seem to be perfect assholes who come to the rookie help channel for an ego boost since they can't get it somewhere else (with a very few exceptions).
If any newbie ever comes to read this blog, here is a piece of advice: google is your friend. I learned much of what I know about EVE (not that I claim I know that much) from other EVE bloggers. Stop asking stupid questions in game, and start working for yourselves.
Saturday, October 12, 2013
Two weeks worth of a business trip = More ISK than I started with ?!?
I was away for rougly two weeks on a busines trip, and of course I forgot the password for this blog, plus never logged on to gmail from my laptop on this account, and ...
Oh well.
After two weeks of barely touching the game, here is how my financials look like:
Sell orders: 315,317,674.00 ISK
Freeflow cash: 1,334,277,847.20 ISK
This is way better than I could hope for. Most of the sell orders I had went through. I updated them twice a day, and twice during these two weeks I got new stuff to sell and had it hauled over to Rens.
Now it's time to get cracking again, re-invest all of that, and see how it goes on
Oh well.
After two weeks of barely touching the game, here is how my financials look like:
Sell orders: 315,317,674.00 ISK
Freeflow cash: 1,334,277,847.20 ISK
This is way better than I could hope for. Most of the sell orders I had went through. I updated them twice a day, and twice during these two weeks I got new stuff to sell and had it hauled over to Rens.
Now it's time to get cracking again, re-invest all of that, and see how it goes on
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