Science & Industry

I dunno from T2 production. My advice would be to start small, not jump into the deep end and hope you don't drown. :-)

^^ This is the right advice. Start small. T2 Drones have more profit than Viator and sell faster. Bigger things does not always mean bigger profit.

1) start small

2) do your homework: search. How you do that?
Open a BPO>> open BPCopy window>> sellect invention and open the T2 BPC in industry UI.
Look the total input price on the left input arrow (+station fees and selling taxes, something like 5% total in small items) , compare it with the product price (mouse over on product icon on rightfor first estimation) >> calculate the profit (etsimation not very acurate, but if it is more than 50% it is safe to jump in). DO NOT choose items that have big gain but dont sell. Preffer items that sell much.

3) start with T2 weapons, T2 ammo and drones, to learn , and meanwhile research new BPOs for the future, and grow. Always use researched Blue Prints.

4) Never sell in jita. Fast selling but lots of fast 0.01ISK market PVP and low prices. Sell in the other hubs.

that's my 2 cents.

EDIT: spelling

.... oh I almost forgot.... about the isk per hour thing.

Remember what I said about how much time I put into it? Well for a simple module that you can make 400mil a month on with about 10 min a day of effort you're looking at an isk per hour of about 80mil per man-hour of effort.

That's a lot more than the 100k per hour that tools like eveHQ will show you, because they're looking at the isk per MANUFACTURING hour and not the isk per REAL LIFE hour.

It doesn't scale up like ratting does, although you can scale up by using multiple characters. My best showing so far with 5 characters was 6 bil in a month. That's by no means a lot compared to some of these guys but for my relaxed style of play it's enough. The time investment for that was 15 hours, or 400mil per hour.

T-

60k is low. I treat 100k/hr as a minimum to even look at something. A good item can be more like 600k/hr up to 1.5M/hr. The 1.5M/hr is almost certainly a bubble, so you might want to buy from sell orders and sell to buy orders to get while the getting's good, so to speak. Waiting around for orders to fill is probably a bad idea. The longer the manufacturing run takes, the more likely the bubble is to pop before you can cash out, so be aware. Of course you don't really know if the bubble is on the cost of the raw ingredients or the finished product.

If you want an example item, take a look at any of the Fury Cruise Missiles. They usually go for around 100k/hr, and have good turnover. That should be your baseline.

When you make mid tier components (like the T2 ingredients from moon goo), don't assume that you're getting those items for their ingredient cost for your T2 production. Those items are worth something on the market, after all. In the same way that the minerals you mined aren't "free", neither are the mid tier ingredients you manufacture. You might be better off just selling your Quantum Microprocessors on the market than turning them in to a Golem. Generally, assume you're buying them from yourself at the current trade hub sell price if you're using them to build anything (but hey, you're saving on transportation costs, so there's that).

Also make sure you factor in the invention cost if you're aiming at T2 items. The time, too, but that's trickier, because invention time is a separate slot from manufacturing time, and the two aren't tradeable. If you have a market for BPOs/BPCs, you have to weigh your return from the BPC you're inventing to build with against how much you could make just selling the BPC, or researching and selling BPOs.

Also, profit margin is worth looking at. If something calculates as 500k/hr, but the profit margin is only 2%, it means your isk/hr is going to fluctuate a lot against market conditions. Also, the smaller the margin, the more likely you would make more money just being a market maker in the trade hub (buying with buy orders, and flipping the items for profit). Large trade margins means your profit is protected against price volatility.

Also, the quantity sold. That's a tab in the market browser. Don't produce 1000 of an item that only sells 20 a day, unless you're willing to sit on your stock for a long time, or are looking to sell in bulk on something like the bulk item mailing list.

Also keep in mind when you're likely to be online. If an item is 250k/hr for 3 hours, and another is 100k/hr for 13 hours, and you're going to sleep for the night, the 100k/hr is probably better (unless you want to wake up at 3AM to switch manufacturing jobs).

If you're just playing around, you should use something like Eve-cost to calculate isk/hr and margins. If you're serious, you'll want to look in to other tools that can process the entire market at once and tell you what to make. But not all of them are updated for Crius yet, and not all of them are free.

Last, keep agile. The markets are constantly shifting, so don't assume that what was profitable last month will be profitable this month. If you have lots of stock in last week's hot item, it might be better just to cut your losses, sell your stock at a slight loss, and try and get ahead of next week's item. Sunk cost fallacy and all that. Once you have an item in your possession, it doesn't matter if you got it by buying it or making it or someone handed it to you for free. All that matters is what it's worth now, and what it's likely to be worth in the future. This also holds for any stockpiles of minerals you might have. Doesn't matter what you bought them at. All that matters is what they're worth right now.

Also, open question to everyone who doesn't calculate isk/hr, how are you possibly doing the comparative analysis around what you should be making?