These forums have been archived and are now read-only.

The new forums are live and can be found at https://forums.eveonline.com/

Market Discussions

 
  • Topic is locked indefinitely.
123Next page
 

How do you make billions?
Author
Previous Topic Next Topic
Spud Lazair
Doomheim
#1 - 2015-02-16 20:25:01 UTC
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.

"Accept that some days you are the pigeon and some days you are the statue"
Koniforous
Tauren Transit
#2 - 2015-02-16 20:38:21 UTC
Dakkare Volkanus
Sugar Bomb Nuclear Confections
#3 - 2015-02-16 20:57:06 UTC
You're right, perseverance. Finding the right items to buy and sell can be tricky. I personally will not play the .01 isk game. Prices fluctuate enough that I don't think it is necessary. Everything I sell, sells eventually without needing to do that. My time is more important than .01 isk. With that said, I also prefer region trading vs day-station trading. What I do is place buy orders out and about, then haul it to hub and place sell orders. Diversification is also important. Having all your eggs in one basket to me is not such a great idea. Other tips I can offer, be sure to train your trading skills up to an acceptable level for you, obviously the higher the better. Maximize your faction and corporation standing to a level that is acceptable to you; again, obviously the higher the better.
Vaerah Vahrokha
Vahrokh Consulting
#4 - 2015-02-16 21:36:06 UTC
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


1) Search for a market your pilot skill can afford. Contrary to popular belief, Jita is not the best starter zone.

2) From 50M (I got with mining Oops) I got to 1 - 1.2B in one month, by typing " II" in the market search and taking what sold more than 500 a day. I flipped stuff not higher than 1.5M a piece therefore I kept much less ISK "locked down" per unit than you are doing.

Basically, search for an appropriate market, search for affordable and liquid items with good turnover. That's it.

EvE Online portal | EvE markets tutorials
Ms Sade
Hammertime Holding
Division Nine Alliance
#5 - 2015-02-16 21:38:28 UTC
Waffles, good margins and items that sell quickly and possibly in volume.

Actually you can forget the waffles - you need items that have a margin you're happy to trade at that move quickly...
Eliram Kahoudi
Big Fluffy Bunnies
#6 - 2015-02-17 02:57:18 UTC
first billion doing what you are doing but with ammo. volumes are alot better and was able to spread it out to make more faster.
Rockerguy 101
Deep Core Mining Inc.
Caldari State
#7 - 2015-02-17 04:34:49 UTC
I turned 40mil into 1.2 bil in about a month in jita station trading with my alt. I just searched the market for items that had good margins. Looked for better items, as well as planned ahead for more expensive items I could trade when I had more isk. That is about it really... Now though I'm getting tired of the .01 isking people do in Jita. It only seems to be getting worse as I move up. Planning on making the move to a secondary hub very soon. As for turning a billion into billions, I don't know yet. Hoping to turn a bil into multiple billions, then maybe I'll head back to Jita. Big smile

Explorer  |  Ghost | Caldari Militia
Sequester Risalo
Significant Others
#8 - 2015-02-17 12:44:03 UTC
Start a thread asking for an uncollatoralized loan of billions -> Profit
Spud Lazair
Doomheim
#9 - 2015-02-17 12:53:21 UTC
thanks for the replies, so basically i am on the right track. As for jita i was looking to move but not sure which would be the next best hub to go too? i don't really enjoy the .1 isk game hence i only log on to the alt once per day for 30 minutes tops.
is buying for 5.4 and selling for 5.9 ok or should i be looking to make more? i do 1 other item but i only make 1000sik profit per item but they sell loads :)

"Accept that some days you are the pigeon and some days you are the statue"
Tau Cabalander
Retirement Retreat
Working Stiffs
#10 - 2015-02-17 18:40:51 UTC  |  Edited by: Tau Cabalander
I started by hauling ore in an Industrial, reprocessing it (compression might be a better business these days), and selling the resulting materials.

It eventually got to the point where I had a friend hauling for me because he had an Orca. He stopped hauling for me when he found out it wasn't ore that I had mined myself. Twisted

With a single freighter now, I can easily manage >200m an evening doing this still, but it is very boring, and a PITA when small amounts of ore is scattered in multiple stations in multiple systems.

Tip: Placing a "smallest quantity 1" buy order for ore with a 4 jump range from Madirmilire is a BAD idea. Geez was that an epic mistake! Tour de Domain.

After that, the majority of my wealth came from manufacturing.


I've not had success with station trading. I tried starting with 5000 ISK, to see what would happen. The best I could accomplish was around 25% profit per turnover, and I doubt if it is possible to keep that up as the total ISK amount rises.

I gave-up after a while. It was just very slow, as one can't control how fast orders are filled. The following took nearly a month:

#0 = 5,000.01
#1 +20.706% = 6,035.31
#2 +20.692% = 7,284.16
#3 +21.798% = 8,871.97
#4 +22.252% = 10,846.15
#5 +23.101% = 13,351.79
#6 +8.03% = 14,423.93
#7 +18.831% = 17,140.13
#8 +11.172% = 19,055.10
#9 +21.226% = 23,099.74
#10 +20.936% = 27,935.95
#11 +14.07% = 31,866.57
#12 +21.22% = 38,629.36
#13 +28.84% = 49,770.54
#14 +4.00% = 51,761.98
#15 +13% = 58,490.70
#16 +13% = 66,092.83
#17 +13.39% = 74,940.39
#18 +13.12% = 84,771.07
#19 +24.20% = 105,285.86
#20 +25.56% = 132,193.20
HeXxploiT
Doomheim
#11 - 2015-02-17 18:52:57 UTC  |  Edited by: HeXxploiT
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


One piece of advice I will always be happy to give is pick a less busy region in nulsec, whether npc or player controlled, and select a trading character to dock there. Start putting buy orders in for ships. Buy orders in nulsec are much lower and it's generally much easier to stay at the top of the bid. As your skills increase and you engage in larger quantities of orders you will slowly begin to see buy orders fulfilled at 50% jita cost and as you turn around and sell them for twice what you paid the money starts trickling in in larger and larger quantities. When I say put in orders I don't mean a few I mean hundreds.
Using multiple clones or characters even on one account a trader can cover a lot of space.
This is really very basic and an excellent stepping stone to the big leagues.
Zappity
New Eden Tank Testing Services
#12 - 2015-02-22 08:49:31 UTC
First 1 b from region trading faction and T2 ammo between hubs. First 10 b from T2 modules. The rest from speculation because I became too lazy to keep updating all those orders every few days.

Public courier contracts are great.

Zappity's Adventures for a taste of lowsec and nullsec.
Damzk Raholan
Viziam
Amarr Empire
#13 - 2015-02-22 11:31:30 UTC
Zappity wrote:
First 1 b from region trading faction and T2 ammo between hubs. First 10 b from T2 modules. The rest from speculation because I became too lazy to keep updating all those orders every few days.

Public courier contracts are great.


You flipped T2 modules til you made 10billion isk? Damn. That must have been painstakingly slow. Those low profits.
Luthias Austrene
Pator Tech School
Minmatar Republic
#14 - 2015-02-22 12:16:07 UTC
Damzk Raholan wrote:
Zappity wrote:
First 1 b from region trading faction and T2 ammo between hubs. First 10 b from T2 modules. The rest from speculation because I became too lazy to keep updating all those orders every few days.

Public courier contracts are great.


You flipped T2 modules til you made 10billion isk? Damn. That must have been painstakingly slow. Those low profits.


In 4 weeks, starting from 2.8b capital, I'm up to 8b. I wouldn't call that painstakingly slow. There's probably better ways, but this is working just fine for me. Granted, I've ventured into ships and some deadspace+faction mods, but mostly T2 stuff for now.
Elsa Asques
Garoun Investment Bank
Gallente Federation
#15 - 2015-02-22 17:34:50 UTC
I bought all the Quafe Ultra, Geckos and Genolutions when they came out.
Zappity
New Eden Tank Testing Services
#16 - 2015-02-22 19:26:00 UTC
Damzk Raholan wrote:
Zappity wrote:
First 1 b from region trading faction and T2 ammo between hubs. First 10 b from T2 modules. The rest from speculation because I became too lazy to keep updating all those orders every few days.

Public courier contracts are great.


You flipped T2 modules til you made 10billion isk? Damn. That must have been painstakingly slow. Those low profits.

As Luthias said it doesn't have to be slow. It was for me (~6 months) because I never 0.01 ISK and don't update often.

Zappity's Adventures for a taste of lowsec and nullsec.
Holgrak Blacksmith
Prophets of Motav
#17 - 2015-02-22 20:15:09 UTC
stole it. Made Internet enemies in providence.
HeXxploiT
Doomheim
#18 - 2015-02-22 21:00:39 UTC
Elsa Asques wrote:
I bought all the Quafe Ultra, Geckos and Genolutions when they came out.


That sounds like a lot but if one looks at the numbers you're only talking about a couple 100% increase over a very long period of time.
Elsa Asques
Garoun Investment Bank
Gallente Federation
#19 - 2015-02-22 22:07:26 UTC
But I made all my ISK in 2010-11 when we were first working out how to escalate C6 sites. I haven't traded (outside of finite CCP gifts) or shot red crosses since. So for me it's a fantastic return, as it takes zero input.
Soltys
Brutor Tribe
Minmatar Republic
#20 - 2015-02-22 23:22:08 UTC  |  Edited by: Soltys
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


deadspace / faction / implants - this is the stuff to trade. Generally avoid stuff producible by players - though there're quite a few exceptions to it.

I assume you're not trading them, as 5.4mil is usually not their cost (though sometimes ...).

Jita Flipping Inc.: Kovl & Kuvl
123Next page