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Brand new, want to break into Trading/Manufacturing

Author
Mizuchi Kaliya
The Scope
Gallente Federation
#1 - 2012-10-24 16:32:15 UTC
So I'm brand new to the game. Just finished up the tutorials last night, and am working through the career agents as of now.

As of now, I'm really interested in trading, eventually getting into manufacturing later on. I'm a bit lost on how to proceed though. I did a ton of research on the game before starting up, so I already know a lot of the basics. I figure I should avoid station trading in Jita 4-4 for now. I'm guessing my best bet would be to start with buying in one region and hauling it to another region (or just setting up a courier contract) to sell.
My issue is that I'm still trying to figure out how to figure out what's worth buying/selling and what isn't. Being new, I'm having a hard time knowing what type of stuff is in demand and what isn't. On a basic level, I know that I can always work with moving ammo around to certain mission hubs, but that's really about it. I want to do the research and see what works and what doesn't, I'm just not sure HOW to do the research. I was poking around the market window last night, and it just doesn't make any sense at all to me (the graphs/tables, price history, etc.).

I am in no way asking "What items should I sell", I understand no one would want to crash their own markets by letting other traders know about it. I'm just wondering how to go about researching what's good and what isn't.

Also want to get into manufacturing at some point as well. I'll wait to at least get Production Efficiency IV. I figure I'll start with some ammo that has at least some profit return, and go from there. If anyone has any advice on this as well, that'd be awesome. Once again, just on how to break into it, not "What should I make".

I want to try to find a corp as well, to learn the ropes with. I don't think a brand new character would have an easy time getting into a trading/manufacturing corp. I could at least tackle or something for a PVP corp, but I doubt I could really offer much to an industrial one Sad
Jim Era
#2 - 2012-10-24 16:35:26 UTC  |  Edited by: Jim Era
Why buy and sell when you could create your own/kill people and steal their stuff to sell. 100% profit.
I know there is a way you can check the market for recent prices of what was sold.
Start slow, pay attention, and it shouldn't be hard to find a corp.
You can start mining really good after like a week...then you can make stuff with your ores.

Sorry I don't trade so I don't know. I just stockpile my ****.
But if you have any more general questions can be directed at me, I just don't know much about buying/selling.


also @kenneth, lets see how much you lurk, I don't post there anymore and only certain people get my likes :p

Wat™

Berendas
Ascendant Operations
#3 - 2012-10-24 16:43:33 UTC
Cross-region trading isn't a bad way to start out, you might not make bank right at the start start but keep in mind that the returns go up exponentially as you accrue capital and cargo space.

Some advice that might not be obvious to someone new; use your 2 extra character slots for no-skill alts and park them in market hubs. This will allow you to get a good idea of the typical buying/selling prices for goods in different regions.

Some good hub systems to consider...

-Jita
-Amarr
-Rens
-Dodixie
-Hek
Jonah Gravenstein
Machiavellian Space Bastards
#4 - 2012-10-24 16:46:45 UTC  |  Edited by: Jonah Gravenstein
Trading, as you've probably realised, is extremely competitive.

The way I started was to base myself a couple of jumps outside a smaller hub and do a few missions to see what dropped as loot. I checked on the prices of the loot in surrounding systems and then in the hub, mission runners can be lazy and sell their loot in the station they base out of rather than go a few jumps to a hub to get a better price, so I'd set up buy orders covering 2 to 3 jumps around my base of operations.

I started out small & found that it's not unusual to buy an item for between 5k and 10k, ship it a couple of jumps and get 30k for it, bread and butter money I know, but when you do it with large quantities it adds up real fast. You can also buy up what I call "melt deals" these are items that sell for below the cost of the minerals it takes to make them, buy them up, reprocess them and sell the minerals.

For a halfway decent primer on trading you won't go far wrong reading the Eve Uni Wiki page on it, it covers basic understanding of the graphs presented in the market, external websites to help you find trade runs, and the skills needed to make trading easier on your wallet.

Jita is Somalia in space, full of horrible spambots and scams.

In the beginning there was nothing, which exploded.

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Feyd's Survival Pack

Mizuchi Kaliya
The Scope
Gallente Federation
#5 - 2012-10-24 16:47:16 UTC
I had figured returns wouldn't be great at the start, but that's perfectly okay. I kinda knew things would start slow and ramp up from there.
I've also put a quick spreadsheet together as well so that I can keep track of what taxes and broker fees will cost me, so hopefully I'm covered there as well. I just need to figure out what works and what doesn't.

Those experienced with this, how much info on the market graphs is important? I figure the amount being traded per day is a big one, and unfortunately that's the only part of it that really makes sense to me at a glance.
Mizuchi Kaliya
The Scope
Gallente Federation
#6 - 2012-10-24 16:49:16 UTC
Jonah Gravenstein wrote:
Trading, as you've probably realised, is extremely competitive.

The way I started was to base myself a couple of jumps outside a smaller hub and do a few missions to see what dropped as loot. I checked on the prices of the loot in surrounding systems and then in the hub, mission runners can be lazy and sell their loot in the station they base out of rather than go a few jumps to a hub to get a better price, so I'd set up buy orders covering 2 to 3 jumps around my base of operations.

I started out small & found that it's not unusual to buy an item for between 5k and 10k, ship it a couple of jumps and get 30k for it, bread and butter money I know, but when you do it with large quantities it adds up real fast. You can also buy up what I call "melt deals" these are items that sell for below the cost of the minerals it takes to make them, buy them up, reprocess them and sell the minerals.

For a halfway decent primer on trading you won't go far wrong reading the Eve Uni Wiki page on it, it covers basic understanding of the graphs presented in the market, external websites to help you find trade runs, and the skills needed to make trading easier on your wallet.

Jita is Somalia in space, full of horrible spambots and scams.


Thanks a ton for this, it helps a lot!
I hadn't even thought of buying up drops from lazy mission runners. If anything, it gives me a starting point.
Jonah Gravenstein
Machiavellian Space Bastards
#7 - 2012-10-24 16:54:08 UTC
Mizuchi Kaliya wrote:
I had figured returns wouldn't be great at the start, but that's perfectly okay. I kinda knew things would start slow and ramp up from there.
I've also put a quick spreadsheet together as well so that I can keep track of what taxes and broker fees will cost me, so hopefully I'm covered there as well. I just need to figure out what works and what doesn't.

Those experienced with this, how much info on the market graphs is important? I figure the amount being traded per day is a big one, and unfortunately that's the only part of it that really makes sense to me at a glance.


Don't ignore the other things on the graph it shows potential profits, the spread of prices , as well as amount traded. There's an explanation for it linked via the Eve Uni link above.

You'll make money, you'll lose money and if it looks too good to be true, it is.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Jim Era
#8 - 2012-10-24 16:54:59 UTC
jonah, can you explain the margin trading scam?
I hear about it all the time and how it rapes budding traders.
But as I don't trade myself I don't know enough to warn this guy.

Wat™

Berendas
Ascendant Operations
#9 - 2012-10-24 17:02:33 UTC  |  Edited by: Berendas
Here's the best explanation on the Margin Scam I've been able to find: Link

=Edit: A general synopsis for the linked thread=
-Margin scammers buy out the market on an item and relist the items at a huge markup.

-They then set enticing buy orders for an ISK value far above their own sell orders. The buy order(s) however has/have a minimum amount of items set that can be sold to that order, the minimum value is set to close to the total amount in all the overpriced sell orders.

-The Margin Trading skill allows a scammer to only put ~25% of a buy order's money down, so they can put down the required escrow then transfer all that character's ISK to an alt, leaving the buy order impossible to fill because the "buyer" has no ISK.

-The scam relies on people's greed, someone looking at the market details for the 'rigged' item will see the disparity in sell orders and buy orders and try to make a quick buck. They buy out the overpriced sell orders (which makes the scammer their money) and attempt to sell to the buy order. Upon doing so, the buy order is canceled because the scammer does not have enough ISK to cover the remaining ~75% of the order. This leaves the "victim" with a bunch of overpriced goods that they will be forced to keep or sell at a loss.
Jonah Gravenstein
Machiavellian Space Bastards
#10 - 2012-10-24 17:05:16 UTC  |  Edited by: Jonah Gravenstein
Jim Era wrote:
jonah, can you explain the margin trading scam?
I hear about it all the time and how it rapes budding traders.
But as I don't trade myself I don't know enough to warn this guy.


This one hurts, it can wipe out billions of isk in a matter of seconds, and it's totally legal in Eve, if a little immoral. However, you should only get caught by it once, if at all. I've been caught by it and am the not so proud owner of a Mammoth with a station module in the hold that's worthless, owes me 600 million isk, the ship is called Fools Gold Oops

I can't stress this enough

IF IT SOUNDS TOO GOOD TO BE TRUE, IT IS

See the above posters link, he beat me to it.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Robert De'Arneth
#11 - 2012-10-24 17:42:06 UTC
Nothing to add, but a giant welcome to EVE online. Enjoy your stay!!Big smile

I'm a nerd, you can check my stats!! Skilling Int/Mem at 45 sp per minute is how I mack!     I'm like a lapdog, all bark no bite. 

Mizuchi Kaliya
The Scope
Gallente Federation
#12 - 2012-10-24 17:50:27 UTC
Berendas wrote:
Here's the best explanation on the Margin Scam I've been able to find: Link

=Edit: A general synopsis for the linked thread=
-Margin scammers buy out the market on an item and relist the items at a huge markup.

-They then set enticing buy orders for an ISK value far above their own sell orders. The buy order(s) however has/have a minimum amount of items set that can be sold to that order, the minimum value is set to close to the total amount in all the overpriced sell orders.

-The Margin Trading skill allows a scammer to only put ~25% of a buy order's money down, so they can put down the required escrow then transfer all that character's ISK to an alt, leaving the buy order impossible to fill because the "buyer" has no ISK.

-The scam relies on people's greed, someone looking at the market details for the 'rigged' item will see the disparity in sell orders and buy orders and try to make a quick buck. They buy out the overpriced sell orders (which makes the scammer their money) and attempt to sell to the buy order. Upon doing so, the buy order is canceled because the scammer does not have enough ISK to cover the remaining ~75% of the order. This leaves the "victim" with a bunch of overpriced goods that they will be forced to keep or sell at a loss.


Ah, gotcha. I see how it works now.
I had heard of the scam before when I was looking into the game, but wasn't 100% sure on how it worked. This should definitely help me to avoid the scam. I'll just try and avoid anything with a minimum amount on a buy order.
Yoni Katsura
Doomheim
#13 - 2012-10-24 17:59:19 UTC  |  Edited by: Yoni Katsura
One thing I will say about offers you see in local chat:

Almost every sell offer in Jita is a scam. If must be up near 90% or higher.

The same is true for offers in other systems, but not as many of those are scams.

The best thing you can do is assume that they are ALL potentially a scam, and that you need to look them over extremely carefully. Get out a calculator if you have to, but NEVER rush into a purchase from another player unless you triple check it.

Even if you see buy orders for an item listed, don't think you will be able to sell it at that price. Some scams set up those buy orders as part of the scam, and you will see it evaporate when you try to sell it.

Before you deal directly with players, spend a while in the game and learn it. You can make billions of ISK without ever dealing directly with another player. Learn the market first.


P.S. There are some decent videos on Youtube about how to avoid EVE scams. I suggest watching some of them.
Doddy
Excidium.
#14 - 2012-10-24 19:10:23 UTC
Think of where certain things might drop and where they might sell. Move said items, profit.
Think of where certain things can be bought and where they might be needed, move said items, profit.

Its common sense really. You just need some knowledge of whats going on in eve. Selling fitted catalysts in ice belt systems during hulkageddon for example (don't do this, probably hundreds doing it already but its an example).
Jonah Gravenstein
Machiavellian Space Bastards
#15 - 2012-10-24 19:36:45 UTC
Doddy wrote:
Think of where certain things might drop and where they might sell. Move said items, profit.
Think of where certain things can be bought and where they might be needed, move said items, profit.

Its common sense really. You just need some knowledge of whats going on in eve. Selling fitted catalysts in ice belt systems during hulkageddon for example (don't do this, probably hundreds doing it already but its an example).


^^ Where there's ganking there's profit

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

J'Poll
School of Applied Knowledge
Caldari State
#16 - 2012-10-24 20:19:43 UTC
Doddy wrote:
Think of where certain things might drop and where they might sell. Move said items, profit.
Think of where certain things can be bought and where they might be needed, move said items, profit.

Its common sense really. You just need some knowledge of whats going on in eve. Selling fitted catalysts in ice belt systems during hulkageddon for example (don't do this, probably hundreds doing it already but its an example).


Same with minerals...buy them cheap just before hulkageddon starts and then sell them during/shortly after as prices will rise slightly.

Or stock up on mining ships, plenty of people loose them during hulkageddon and want them replaced.

If there is a major SOV war, move ships and ammo close to it and stick it on markets for good prices. People will loose ships and need replacements.

Succeeding in Industry (or EVE) is knowing what you are doing, knowing the game mechanics and knowing what is going on in EVE.

Personal channel: Crazy Dutch Guy

Help channel: Help chat - Reloaded

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Mizuchi Kaliya
The Scope
Gallente Federation
#17 - 2012-10-24 20:39:36 UTC  |  Edited by: Mizuchi Kaliya
This is all incredibly helpful guys, I really appreciate it.
I'll do some looking around tonight and start getting an idea of what gets sold and what sells where.

I figure best bet would be to start with maybe ammo or something. Start looking into what drops in what systems as well. Is there a useful resource to find what drops in what systems?

Also, the median on the market graph (the yellow dots, I think that's what they're called). I'm still trying to wrap my head around those. Everything else makes sense on the graph, but this one part is still confusing me a bit.

EDIT: Just did some more reading about the median.
So if it's closer to the bottom of the the Donchian Channel, it's a safe bet to assume that most orders filled that day were sold to buy orders. If it's closer to the top, more orders that day were bought from sell orders?
Jonah Gravenstein
Machiavellian Space Bastards
#18 - 2012-10-24 21:53:59 UTC  |  Edited by: Jonah Gravenstein
Mizuchi Kaliya wrote:
Start looking into what drops in what systems as well. Is there a useful resource to find what drops in what systems?

Not as far as I know, they only way I found of doing it was to run some missions, as a general rule though frigates and destroyers (lvl 1,2,3 & 4 missions) will drop appropriate size modules, the same goes for cruisers (lvl 2,3 & 4 missions) battlecruisers (lvl 3 & 4 missions) and battleships (lvl 4 missions). In gallente space you'll be probably going up against serpentis NPCs, I have no idea what they'll drop but armour modules, race specific guns, ammo and some drones would be a best guess as the Serpentis ships are based on Gallente ones.

In the beginning there was nothing, which exploded.

New Player FAQ

Feyd's Survival Pack

Doddy
Excidium.
#19 - 2012-10-24 23:06:53 UTC
Mizuchi Kaliya wrote:

Is there a useful resource to find what drops in what systems?



Not really, but most mods have racial profiles. Bloods drop lasers, armour mods and engineering mods for example. Really the loot drop thing is more prevalent in null sec where the loot is specific to local rats (with missions its more random). For example I used to make a fortune buying all the solace large reps in fountain. Before that i made even more buying up all the meta 4 medium lasers in period basis. There isn't nearly as much isk to be made from named mods these days though.
Talos Valasar
The Thirteen Provinces
#20 - 2012-10-25 07:16:58 UTC
Mizuchi Kaliya wrote:
I want to try to find a corp as well, to learn the ropes with. I don't think a brand new character would have an easy time getting into a trading/manufacturing corp. I could at least tackle or something for a PVP corp, but I doubt I could really offer much to an industrial one Sad

While you might not be offering an industrial corp as much as a seasoned character would, I don't agree you can't find a corp. One of the first things I did in the game was to research a bunch of corps (mostly by looking at the forum, but also searching in-game) and then whittle down the list by researching them/speaking with them. There are lots of corps that will take in new players.
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