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A Few Industry Questions
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The Greenmachine Greenmachine
Green's Bicycle Shop
#1 - 2012-08-20 03:02:12 UTC
Hey I'm looking for a few answers to some industry questions I have you.

1. How do you acquire your minerals? It seems to me that by getting your minerals from buy/sell orders in Jita and selling your product in Jita has almost no profit. I was thinking that you would acquire the minerals in a quieter region where prices are lower?

2. I have around 1.5bil Isk in my wallet and another 700mil in buy orders and in assets ect. I want to start putting my isk to good use in the industry area and I was wondering what kind of things you built when you had this amount? I am thinking BattleCruisers and Battleships and then moving up to Orcas and such. (I also need to be able to haul in a 1bil a month and I'm willing to put work into it)

3. Do you resell in jita? This is a very confusing one for me because of my first question there doesn't seem to be any profit just buying the minerals in Jita and reselling them so this is a toughy for me. Maybe you sell them at the smaller hubs?

4. Depending on the different item or class of ship what % profit is considered a good % profit for Battlecruisers, Battleships, and Capitals?

Just to note: I have Industry at 5 and Production Efficiency at 5 so skills aren't the issue. I know good ME levels for BPC's to get depending on the item for the least amount of ISK.
mkint
#2 - 2012-08-20 04:11:54 UTC
You're starting to get the idea that industry is a component to trade. If you suck at buying and selling, no matter what you do, your industry won't be profitable.

Jita = trade hub = huge number of transactions = profit margins narrow to be competitive.

For day to day stuff, nearly anywhere has better prices than jita. Jita is for bulk purchases and special orders.

For wider profit margins, ships have to compete with the second hand market. When you go to sell your ships, you are competing against people who bought a ship, flown it a while, and are now selling it. I've typically found capital ships especially are cheaper to buy than to build. Consider other parts of the market... cast a wider net.

If you really want to deal in ships, try places where people are buying their first ships, or people are buying replacements for ships they lost. Try near mission agents (lvl 3 agents for battlecruisers) or near FW staging areas.

As far as purchasing, find places where there are a lot of asteroid fields within 2 or so jumps (dotlan maps and ombey maps are your friends) and put up buy orders. Set them low enough to cover your margins, but high enough to make them appealing to the miners. Put up orders for raw ores low enough to cover refining loss, as well as mineral orders at a fair price.

A lot of making isk through trading and industry is building up momentum. As you work with it longer, you'll become more familiar with your market, or various markets, and figure out how to get the most out of it. You'll have multiple orders and projects going, yielding a steady stream of isk. But also keep agile enough to take advantage of new opportunities.

And finally, with the topic and the finances available, this thread sounds like it should be in the market section of the forums.

Maxim 6. If violence wasn’t your last resort, you failed to resort to enough of it.
MadMuppet
Critical Mass Inc
#3 - 2012-08-20 04:17:13 UTC
The Greenmachine Greenmachine wrote:
Hey I'm looking for a few answers to some industry questions I have you.

1. How do you acquire your minerals? It seems to me that by getting your minerals from buy/sell orders in Jita and selling your product in Jita has almost no profit. I was thinking that you would acquire the minerals in a quieter region where prices are lower?

2. I have around 1.5bil Isk in my wallet and another 700mil in buy orders and in assets ect. I want to start putting my isk to good use in the industry area and I was wondering what kind of things you built when you had this amount? I am thinking BattleCruisers and Battleships and then moving up to Orcas and such. (I also need to be able to haul in a 1bil a month and I'm willing to put work into it)

3. Do you resell in jita? This is a very confusing one for me because of my first question there doesn't seem to be any profit just buying the minerals in Jita and reselling them so this is a toughy for me. Maybe you sell them at the smaller hubs?

4. Depending on the different item or class of ship what % profit is considered a good % profit for Battlecruisers, Battleships, and Capitals?

Just to note: I have Industry at 5 and Production Efficiency at 5 so skills aren't the issue. I know good ME levels for BPC's to get depending on the item for the least amount of ISK.


1. Buy materials or mine them. Also melting down (scrapmetal reprocessing) loot items can give you needed materials (although the last loot nerf hurt that some)

2.There are tools to help you calculate the cost of production of items. Isk per hour http://sourceforge.net/projects/eveiph/ is a good tool. When i engage in production it is usually slowly over time to collect resources for low prices.

3. You resell where you can find a buyer. Ammo for example might sell better at a mission hub, carting goods to low-sec can spawn a profit too, especially if it is on the other side of a heavily camped high-sec route. I shy away from trade hubs, it is amazing what people will pay to save 5 jumps of flight time.

4. Completely subjective. I have my own personal views on profit per hour of investment, and when it gets too low I go do other things for a while. The big thing it to be patient and not to build and then sell something that is less than its value in reprocessed metals. I have melted down a lot of ships because the seller sold them for less that what the metals in the ship were worth on the open market.

This message brought to you by Experience(tm). When common sense fails you, experience will come to the rescue. Experience(tm) from the makers of CONCORD.

"If you are part of the problem, you will be nerfed." -MadMuppet
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#4 - 2012-08-20 09:13:15 UTC
If you can't make a profit buying your materials from sell orders, I'd suggest looking at some other product. Because it suggests you'd be selling at a value below the mineral value of the product.

Using buy orders /just/ to be able sell at a lower cost is a false saving. It's a good idea to use them, but only to increase your margin.

If you don't have it already: Production Efficiency 5. That reduction in waste is a massive thing to get.

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter
Theangryhobo
GoonWaffe
Goonswarm Federation
#5 - 2012-08-20 10:50:10 UTC
Steve Ronuken wrote:
If you don't have it already: Production Efficiency 5. That reduction in waste is a massive thing to get.


The Greenmachine Greenmachine wrote:
Just to note: I have Industry at 5 and Production Efficiency at 5 so skills aren't the issue. I know good ME levels for BPC's to get depending on the item for the least amount of ISK.


Problem solved.

.
The Greenmachine Greenmachine
Green's Bicycle Shop
#6 - 2012-08-20 14:16:46 UTC
Thanks for the input. Pointed me in the right direction.