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Anything I can do to supplement my income?
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Resiin
Juxtaposition Investments
#1 - 2012-03-19 16:08:14 UTC
Hi,

I've been subbed to EvE on and off for a month at a time for the past couple of years. I love this game, I just get bored because of how I currently make money. I station trade. While I think I make pretty good money from it (About 15% total return daily from 90% total investment) it's incredibly boring, and it just doesn't feel like I'm 'playing' the game due to it being pretty much an AFK profession. Despite my account being a couple of years old, I usually only play for a couple of weeks then come back several months later like I said, so I'm sitting on about 600m right now. I would much rather get into the inter-regional trading game, but I've tried it several times and I just haven't been able to make as much money as I could station trading, not to mention it being even more time consuming.

My end game goal is to be investment orientated, and still doing some Jita trading on the side in larger quantities on only a couple of items. (Right now I've spread my orders through various items to reduce my risk of loss, which is time consuming.)
I've also wanted to get into manufacturing, and have almost trained up all the relevant skills, but again taking the cost of T1 BPC's into account, the returns would still be pretty poor. I'm also not interested in combat as of now, but it will be something I will do once I have made enough money for me not to worry about being blown up in a fitted battleship.

I guess what I'm basically asking is am I a sucker out of luck right now? Have I entered a phase where you simply have to grind it out until you have enough capital to start doing the higher end things?

Apologies if this sounds incoherent, I'm not sure what I was going for here. I'm not asking for any insider secrets or anything, just a general idea of relevant trading activities that are out there I suppose, as station trading is killing my love for this game.
Tekota
The Freighter Factory
#2 - 2012-03-19 16:16:51 UTC  |  Edited by: Tekota
> but again taking the cost of T1 BPC's into account

In just about every scenario I can think of (perhaps barring supercaps) I'd advise against manufacturing T1 from BPCs because, as you've found, they destroy what is already likely a razor thin margin.

If the cost of the BPOs is an issue then look around for other things, in terms of isk per slot per day you'll very often find that there's little correlation between the cost of a BPO and the profit it can deliver - ie. there are a *LOT* of people churning from billion isk battleship prints, but identical (and often much better) profit on 50m prints.


edit: another one, much smaller potential and with a big caveat but very much falling into the definition of "supplemental income" would be research point / datacore farming. Grinding the standings can be a pain, but once done it's very very passive income. One char slot should get you 100-250 or so million a month (been a long while since I've done the maths, treat with pinch of salt). The big caveat is that this no longer carries on when you're not subbed, so if you're minded to drop in and out of subscription it may not be worth the standings grind.
Resiin
Juxtaposition Investments
#3 - 2012-03-19 16:29:21 UTC  |  Edited by: Resiin
Tekota wrote:
>

If the cost of the BPOs is an issue then look around for other things, in terms of isk per slot per day you'll very often find that there's little correlation between the cost of a BPO and the profit it can deliver - ie. there are a *LOT* of people churning from billion isk battleship prints, but identical (and often much better) profit on 50m prints.



Thanks, this is good advice, sounds pretty similar to general trading. More expensive item/print != bigger margins.
Maria Yumeno
Venomous Cloud
#4 - 2012-03-19 17:01:29 UTC
You say that trading is ruining the game for you, but that you don't want to try any sort of combat. Even PVE?

There are ways to trade and then spend the rest of the month doing something else, but you don't have the capital to get into any serious kind of industry and you say you don't want to try combat yet. I am at a loss as to what you actually want.
Resiin
Juxtaposition Investments
#5 - 2012-03-19 17:21:19 UTC
Maria Yumeno wrote:
You say that trading is ruining the game for you, but that you don't want to try any sort of combat. Even PVE?

There are ways to trade and then spend the rest of the month doing something else, but you don't have the capital to get into any serious kind of industry and you say you don't want to try combat yet. I am at a loss as to what you actually want.


Trading isn't ruining the game for me, it's just station trading I have a problem with, but I lack the necessary funds to do inter-regional trading on a larger (and more worthwhile) scale. And yeah, like I noted I don't have enough capital to get into serious industry, so what I want is to be able to reach the stage where I do. Now, I could do this through station trading, sure, at the risk of me getting insanely bored with it and leaving again. So what I'm essentially asking is are there any other viable activities I could do to increase my capital at a faster rate than station trading? (15% daily) Or am I at a stage where you have to soldier on through it?
Resiin
Juxtaposition Investments
#6 - 2012-03-19 17:24:26 UTC
I guess another solution is just to get some PLEX cards to get over this expansion stage.
Adunh Slavy
#7 - 2012-03-19 17:29:25 UTC
Resiin wrote:
I guess another solution is just to get some PLEX cards to get over this expansion stage.



I would suggest you do not do that if you want to keep the experince of making your way in Eve. Might as well turn on cheat mode.

Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves.  - William Pitt
Ford Chicago
Ziz Zag Ziggurat
#8 - 2012-03-19 18:14:22 UTC
Resiin wrote:
[quote=Maria Yumeno] are there any other viable activities I could do to increase my capital at a faster rate than station trading? (15% daily)


You claimed twice to be making 15% PER DAY. Why do you need to increase your capital rate? Based on your stated 600M wallet, you should have 2.4B in ten days and 40B in a month.
Resiin
Juxtaposition Investments
#9 - 2012-03-19 18:29:21 UTC
Ford Chicago wrote:
Resiin wrote:
[quote=Maria Yumeno] are there any other viable activities I could do to increase my capital at a faster rate than station trading? (15% daily)


You claimed twice to be making 15% PER DAY. Why do you need to increase your capital rate? Based on your stated 600M wallet, you should have 2.4B in ten days and 40B in a month.


Because its insanely boring, and a cap will undoubtedly appear after a certain point, being able to get 15% per day from 40B seems way too overambitious (maybe I'm wrong). I suppose you do have a point though, I could just toughen it out for another 10 days, reach 2B or so and then continue on with something else.
Resiin
Juxtaposition Investments
#10 - 2012-03-19 18:29:59 UTC
Adunh Slavy wrote:
Resiin wrote:
I guess another solution is just to get some PLEX cards to get over this expansion stage.



I would suggest you do not do that if you want to keep the experince of making your way in Eve. Might as well turn on cheat mode.


Yeah, fair point.
David Forge
GameOn Inc.
#11 - 2012-03-19 19:09:59 UTC
Now I don't personally do it but as I understand it PI is a surprisingly easy way to make some side ISK without a huge time investment. You might also try prostitution.
OfBalance
Caldari State
#12 - 2012-03-19 19:22:34 UTC
Spend more time finding markets you can work your way into and less time pondering how much isk you need to break into markets that are out of your reach at present.

Any and all tertiary training is going to pale in comparison to trading as an income source unless you find your way into incursions. Standings are great, since they reduce your taxes and fees, but require serious :effort: either by way of courier mission spam or combat alt running event agent missions for you.
Pookoko
Sigma Sagittarii Inc.
#13 - 2012-03-21 06:52:17 UTC
It seems you are in your own corp. If you haven't done so already, what you can do is invest about a month to create two extra trade characters on your empty character slots.

Get every one to train margin trading, and make them all directors. Now put your trading capital into a wallet division and let them all trade from this corp wallet division, which eliminates the need to keep separate wallet for each character. This also has added benefit of being able to see all your character's transactions via third party tool, if you allow the api to show corp transactions.

You can place your characters in three different hubs, and with margin trading and all characters drawing from the same wallet division pool of isk you can make most out of what you have.

Now you only need to log on to different characters to update orders, so you don't have to travel inter region to update orders for different regions. 

Also, do not feel that you need to haul your own stuff. Courier contracts are really cheap and gets done very quickly if you are moving from one hub to other, as there are already pilots that make regular runs between hubs anyway. Set your collateral to the value you want to sell your goods at the destination hub price, so if the courier fails you are automatically reaching the target profit.

You can do inter region trading very efficiently this way, both time and money wise.