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Avid trader looking to get started in a new Science or Industrial career
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LeJen
Native Freshfood
Minmatar Republic
#1 - 2013-01-25 04:31:14 UTC
I've been trading ever since I learned how to add & subtract and find profit in between on the =EVE= market. Recently, I've grown tired of it. It became a part of the reason why I took a break from the game.

I have 2bil in assets and liquid ISK, and with that I hoping it would be enough to get me off to a good start in some other =EVE= career.

I'd like the community to make a few suggestions. I'm opening to just about any idea.

What would you do with 2bil? What do you think is a better use of time to earn more?
Eric Raeder
No Fee Too High
#2 - 2013-01-25 06:52:41 UTC
1) set up a few reaction POS's in loswec, null, or wormhole space (easy passive income but a bit risky, as serious unfriendlies can blow up your POS's fairly easily)

2) set up highsec lab POS and do:

--a) Invention and T2 production (very lucrative, but tedious to run all the invention and production jobs)

--b) Blueprint copying (less tedious than invention, but selling BPCs will require substantial contract management and possibly advertising of some sort)

3)Set up PI colonies (hardly any investment, but very tedious, serious profits require access to low/null/wh space
H2O Hairey
Brutor Tribe
Minmatar Republic
#3 - 2013-01-25 09:26:24 UTC
Real isk is to be made in null-sec trading.
J.F. would be ideal, but with your budget you can start with a cloaky hauler.
You would need to get in contact with a 0-sec alliance with out being scammed.
Barakach
Caldari Provisions
Caldari State
#4 - 2013-01-25 18:53:19 UTC
LeJen wrote:
I've been trading ever since I learned how to add & subtract and find profit in between on the =EVE= market. Recently, I've grown tired of it. It became a part of the reason why I took a break from the game.

I have 2bil in assets and liquid ISK, and with that I hoping it would be enough to get me off to a good start in some other =EVE= career.

I'd like the community to make a few suggestions. I'm opening to just about any idea.

What would you do with 2bil? What do you think is a better use of time to earn more?


I know trading can get boring, but I would recommend waiting a bit longer. 2b isn't a lot for a trader and doesn't take long to make as a trader.

My trades from a long while back
LeJen
Native Freshfood
Minmatar Republic
#5 - 2013-01-26 00:27:31 UTC
Barakach wrote:
LeJen wrote:
I've been trading ever since I learned how to add & subtract and find profit in between on the =EVE= market. Recently, I've grown tired of it. It became a part of the reason why I took a break from the game.

I have 2bil in assets and liquid ISK, and with that I hoping it would be enough to get me off to a good start in some other =EVE= career.

I'd like the community to make a few suggestions. I'm opening to just about any idea.

What would you do with 2bil? What do you think is a better use of time to earn more?


I know trading can get boring, but I would recommend waiting a bit longer. 2b isn't a lot for a trader and doesn't take long to make as a trader.

My trades from a long while back


You're right, 2bil isn't a lot. But I feel like I've hit a wall. I've been trading in ships, implants, & skill books mostly. Anything that'll net atleast 15-20+ profit in a single sell. (ammo not included)

I slowly creep up in ISK, but it's too slow, and requires much of my attention, and a few ALTs to scout the markets and make it efficient.

Like me, it seems after you hit the 1 - 2 bil isk your revenue from each trade increased. Likely from buying more expensive items in the +300 - 1B range and enjoying the larger profit margins from each trade.

If you don't mind divulging a few things, what did you do to increase your profits after you first 1 or 2 bil?

I don't have a Freighter. I'm actually quite skeptical about how quickly I can make a return on that 1.5.b investment.

I'm also worried it may be a tempting targeting to high-sec pirates. With a hold full of goods equal to or greater than the value of the freighter itself, I could lose all my ISK in a single trade.

Currently I just use a small mammoth, fitted with a few useful items to transport my stuff.
Skorpynekomimi
#6 - 2013-01-26 01:13:10 UTC  |  Edited by: Skorpynekomimi
Split your 2b in half. Spend half of it on blueprints, and set them researching. Or get pre-researched ones off contracts.
Then buy yourself an Orca. I use one, it's -ing invaluable. Buy a retriever, a fast frigate, and a cloaky hauler, fit them, and stick them in the maintenance bay, maybe your mammoth too if it fits.
TANK THE ORCA.
Find a nice station near a trade hub but without a huge queue on manufacturing slots. Produce stuff that'll make a profit.

DON'T PUT ALL YOUR EGGS IN ONE BASKET

TANK YOUR SHIPS

DON'T FLY VALUABLE CRAP AROUND IN AN INDUSTRIAL
EVEN IF IT'S CLOAKY

Courier contracts are a thing.

Lowsec PI. Maybe negotiate with your local pirates to sell them stuff at reduced prices in exchange for immunity from ganking. Maybe even join their corp!
Low sell orders in lowsec are good for the pirates, and make GREAT bait.

USE DEM TRADE SKILLS.
Buy minerals low. Sell goods high. All else fails and you need a quick buck, buy minerals low, flip high.

CONTINUE WITH THE TRADING ON THE SIDE. Augment your sell orders with stuff bought below cost of manufacture! Buy stuff, reprocess it, use the minerals.

KNOWLEDGE IS POWER.

TANK YOUR GODDAMN SHIPS.

Economic PVP
Barakach
Caldari Provisions
Caldari State
#7 - 2013-01-26 03:59:58 UTC
LeJen wrote:

You're right, 2bil isn't a lot. But I feel like I've hit a wall. I've been trading in ships, implants, & skill books mostly. Anything that'll net atleast 15-20+ profit in a single sell. (ammo not included)

I slowly creep up in ISK, but it's too slow, and requires much of my attention, and a few ALTs to scout the markets and make it efficient.

Like me, it seems after you hit the 1 - 2 bil isk your revenue from each trade increased. Likely from buying more expensive items in the +300 - 1B range and enjoying the larger profit margins from each trade.

If you don't mind divulging a few things, what did you do to increase your profits after you first 1 or 2 bil?

I don't have a Freighter. I'm actually quite skeptical about how quickly I can make a return on that 1.5.b investment.

I'm also worried it may be a tempting targeting to high-sec pirates. With a hold full of goods equal to or greater than the value of the freighter itself, I could lose all my ISK in a single trade.

Currently I just use a small mammoth, fitted with a few useful items to transport my stuff.


Jita station trading. Higher standings helps, but you can do quite effective trading by just picking higher margin items.

Hit me up in-game if you want to chat about station trading. I don't claim to be the best, not by a long-shot, but I seem to be making a positive amount.
Kara Books
Deal with IT.
#8 - 2013-01-27 17:31:22 UTC
Train into a mission runner, buy and fit a marauder and kill time running missions till something good looking passes in front of you.

Bonus:
faction and NPC corp standing increase lowers taxes, because you will eventually return to merchanting.
LeJen
Native Freshfood
Minmatar Republic
#9 - 2013-01-28 03:44:35 UTC
Thanks everyone!

I sincerely appreciate all the suggestions and experience you've shared. I've since joined a Corp I believe will show me the ropes for manufacturing and research. I'm still going to trade on the side, but this new EVE career will be my main focus.

Thank you.