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1 bil a day profit trading in jita

Author
Black Black Heart
Imperial Academy
Amarr Empire
#1 - 2014-06-06 13:26:15 UTC  |  Edited by: Black Black Heart
Assuming one possesses know-how to pull it off and 1 suitable character ...

What is the minimum capital required for it?

What is the minimum time/effort required if capital is not limited?

Reason I am asking is that I always wanted to try this but it didn't pan out for some reason. I had a proper toon with proper skills and standings and everything, but I guess lacked the patience and then found ways to generate isk by other means.
Joshua Foiritain
Coreli Corporation
Pandemic Legion
#2 - 2014-06-06 13:35:44 UTC
People usually dont give away information that makes you a direct competitor that cuts into their profit for free :p

The Coreli Corporation is recruiting.

Black Black Heart
Imperial Academy
Amarr Empire
#3 - 2014-06-06 13:43:56 UTC  |  Edited by: Black Black Heart
Well I dont ask for know-how. :) I am just curious about entry barriers and general info in order to decide where is a benchmark.

I am not asking about 10 bil a day profit operation details anyway lol, so I figured I had good chances to get an answer )
Fango Mango
University of Caille
Gallente Federation
#4 - 2014-06-06 14:58:34 UTC
Well lets do some simple math . . .

Assumption #1 . . . Profit per item (after Taxes/Fees) . . . 3%
Assumption #2 . . . Updates per Day . . . 2 (30 minutes each to update all orders)
Assumption #3 . . . Average time it takes to fill your buy order of N units . . . 5 days
Assumption #4 . . . Average time it takes to sell those N units . . . 2 days

In order to make 1 billion profit you need 33.33 Billion in sales (From assumption #1)

In order to have 33.33 Billion in daily sales you would need 66.66 Billion listed (from assumption #4)

In order to have 66.66 Billion listed you would need 166.65 Billion in Buy orders
Assuming margin trading V you will need 39.54 Billion in capital to place those buy orders.


So for my example you would need 106.2 Billion in capital to make 1 billion per day.

If you have faster turnover (more updates or items that move faster), or higher profit margin you will need less capital.

No one is going to tell you their actual numbers for assumption 1-4, or the items/station they trade to get those numbers. If someone does and they didn't attend your wedding (and maybe even if they did), they are lying.


-FM
Isaac Schwartz
Caldari State Venture Capital
#5 - 2014-06-06 14:59:05 UTC  |  Edited by: Isaac Schwartz
Black Black Heart wrote:
Assuming one possesses know-how to pull it off and 1 suitable character ...

What is the minimum capital required for it?

What is the minimum time/effort required if capital is not limited?

Reason I am asking is that I always wanted to try this but it didn't pan out for some reason. I had a proper toon with proper skills and standings and everything, but I guess lacked the patience and then found ways to generate isk by other means.


It really depends, as the other guy mentioned - nobody is going to be specific with an answer, but I'll throw some experience down.

1 Billion/day profit is not a difficult thing to do, it's not uncommon to make this in a single trade or group of trades, let alone a day. If we are talking simple Station Trading then I would say you need to have at least 20 times that amount invested in buy and sell orders to be seeing 1B in profit per day - again this is just a ballpark figure, the items you trade and the competition will ultimately decide the profit/hour of those items.

In general, the less you have invested then the more active you'll need to be in your trading activities and order updating in order to keep your profits up. If you've got more invested then you'll be able to update less and still hit your profit target.
Black Black Heart
Imperial Academy
Amarr Empire
#6 - 2014-06-06 15:28:07 UTC  |  Edited by: Black Black Heart
Thanks for your replies guys. (and for the math lesson lol, it was humbling and i should have figured it out myself)

One more thing I reckon people mentioning that once you hit 300 bil or so in capital you start experiencing limitations of station trading even in you have a char in every major trade hub. Is this the case?
Isaac Schwartz
Caldari State Venture Capital
#7 - 2014-06-06 15:30:43 UTC
Black Black Heart wrote:
Thanks for your replies guys. (and for the math lesson lol, it was humbling and i should have figured it out myself)

One more thing I reckon people mentioning that once you hit 300 bil or so in capital you start experiencing limitations of station trading even in you have a char in every major trade hub. Is this the case?


No, not for those who are still striving to make more, but you do start to look around for ways to make money with even less effort.
Bad Bobby
Bring Me Sunshine
In Tea We Trust
#8 - 2014-06-06 15:42:54 UTC
Isaac Schwartz wrote:
you do start to look around for ways to make money with even less effort.

This is what I focus on. Just looking to make the same income but with drastically reduced effort.

I'm now making what I used to get from 50 hours of effort per month with only 5 hours of effort per month.

I feel this becomes more important later on in your eve career because you don't really want to spend a lot of time doing the same stuff you have done before over and over again.
flakeys
Doomheim
#9 - 2014-06-06 17:27:04 UTC  |  Edited by: flakeys
Bad Bobby wrote:
Isaac Schwartz wrote:
you do start to look around for ways to make money with even less effort.

This is what I focus on. Just looking to make the same income but with drastically reduced effort.

I'm now making what I used to get from 50 hours of effort per month with only 5 hours of effort per month.

I feel this becomes more important later on in your eve career because you don't really want to spend a lot of time doing the same stuff you have done before over and over again.


Speaking for myself i only aim to keep the wallet ''at the same level'' the last years.After a certain amount some people like me lack the will/need to make more however i never could see a wallet going down either.
I just try to keep it hoovering around the same mark with as little time investment as i can .

But in regards to the statement :'' you don't really want to spend a lot of time doing the same stuff you have done before over and over again. '' , that indeed is the keypoint .Don't ever become a slave of your quest for wealth as many have burned themselves out in that way Blink .

We are all born ignorant, but one must work hard to remain stupid.

Bad Bobby
Bring Me Sunshine
In Tea We Trust
#10 - 2014-06-06 18:54:18 UTC
flakeys wrote:
Speaking for myself i only aim to keep the wallet ''at the same level'' the last years.After a certain amount some people like me lack the will/need to make more however i never could see a wallet going down either.
I just try to keep it hoovering around the same mark with as little time investment as i can .

I have something of a PLEX and PvP habit, so preventing the wallet from going downwards does require a substantial regular income.
RAW23
#11 - 2014-06-06 19:35:12 UTC
Black Black Heart wrote:
Assuming one possesses know-how to pull it off and 1 suitable character ...

What is the minimum capital required for it?

What is the minimum time/effort required if capital is not limited?

Reason I am asking is that I always wanted to try this but it didn't pan out for some reason. I had a proper toon with proper skills and standings and everything, but I guess lacked the patience and then found ways to generate isk by other means.


If you are willing to grind 4+ hours a day then 10bil of capital should be plenty. With 40bil you can make a bil a day in c. 1.5 hours (updating your basket of orders three or so times throughout the day). Not sure about using more isk as number of orders providing a return will go up but you will have to work with lower quality goods to fill out your basket and there will be diminishing returns per unit of effort.

All of this is a bit abstract, though, as everything depends on what you have in your basket of goods.

There are two types of EVE player:

those who believe there are two types of EVE player and those who do not.

O'nira
Science and Trade Institute
Caldari State
#12 - 2014-06-07 01:51:45 UTC
you can scam and get that pretty easily in 1 day, you would probably be posting it for 30 days or more before you get some idiot to bite though so its not 1bil/day really.

can also do the same if you are lucky on orders without having that much capital.

a bil a day is pretty unrealistic though unless you get lucky or you know what you are doing.
flakeys
Doomheim
#13 - 2014-06-07 16:58:47 UTC  |  Edited by: flakeys
Bad Bobby wrote:
flakeys wrote:
Speaking for myself i only aim to keep the wallet ''at the same level'' the last years.After a certain amount some people like me lack the will/need to make more however i never could see a wallet going down either.
I just try to keep it hoovering around the same mark with as little time investment as i can .

I have something of a PLEX and PvP habit, so preventing the wallet from going downwards does require a substantial regular income.



Went down from 5 to 2 accounts recently and although i love myself some pvp over the last years i tend to fly easily replacable ships .

I used to pirate in factionfit tengu's solo etc for a while , learned verry fast that flying bling means jackshit in regards to actually having funfights and also winning fights.In that regard i'll have to thank raw23 for getting me into FW , even though i'm on a small evebreak atm and i'm usually cursing daily for people not ''honouring'' a 1vs1 at least FW is sure to give you loads of fun for a small isk/time investment Lol.

I'm enjoying a breacher vs breacher fight more then a 400 man battle flying in a dominix as in my CFC time last year during the Halloween war.I'm one of those people who even after 10 years still get's his heart pounding in his chest with a 1vs1 fight.Loosing said breacher in a 1vs1 hurts me more then loosing a 200m ship when in a fleet , well basically when in fleet i couldn't give a **** at all about the loss tbh and that's not about SRP because i have never used SRP , i just don't get any excitement at all in a fleet and that is even with a small fleet.
So the plusside there is more fun , learning a HUGE amount more about the ships i fly unlike in fleets and a LOT less in expenses Big smile.

We are all born ignorant, but one must work hard to remain stupid.

TheSmokingHertog
Julia's Interstellar Trade Emperium
#14 - 2014-06-07 18:50:48 UTC  |  Edited by: TheSmokingHertog
5 to 10 bil a day, it matters what day of the week / month / year it is.

"Dogma is kind of like quantum physics, observing the dogma state will change it." ~ CCP Prism X

"Schrödinger's Missile. I dig it." ~ Makari Aeron

-= "Brain in a Box on Singularity" - April 2015 =-