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Is manufacturing a "solo" billionaire business?

Author
Super Miguel
Trillium Invariant
Honorable Third Party
#1 - 2013-05-08 12:28:47 UTC
Is manufacturing a "solo" billionaire business? ??
Fhaerbaline Khent
University of Caille
Gallente Federation
#2 - 2013-05-08 12:38:17 UTC
Only if you have the chops.......The way I see it their is no easy money. Instead we have smart money.

Don't expect any "get rich quick" insider tips from the forums. Expect disinformation masked in sarcasm.

Just keep playing and figure it out......That is the only sure way to carve out your billions.
Super Miguel
Trillium Invariant
Honorable Third Party
#3 - 2013-05-08 12:41:07 UTC
Fhaerbaline Khent wrote:
Only if you have the chops.......The way I see it their is no easy money. Instead we have smart money.

Don't expect any "get rich quick" insider tips from the forums. Expect disinformation masked in sarcasm.

Just keep playing and figure it out......That is the only sure way to carve out your billions.


I just dont have much time to play, so mission running takes playing time, mining takes playing time, so i think industry is the only one i can log in 1h a day and just queue alot of stuff, and hopefuly profit out of it
Ultim8Evil
Exit-Strategy
Unchained Alliance
#4 - 2013-05-08 12:47:38 UTC
Super Miguel wrote:
Fhaerbaline Khent wrote:
Only if you have the chops.......The way I see it their is no easy money. Instead we have smart money.

Don't expect any "get rich quick" insider tips from the forums. Expect disinformation masked in sarcasm.

Just keep playing and figure it out......That is the only sure way to carve out your billions.


I just dont have much time to play, so mission running takes playing time, mining takes playing time, so i think industry is the only one i can log in 1h a day and just queue alot of stuff, and hopefuly profit out of it


What are you going to spend your untold billions on if you only log in 1hr a day?

Follow me on Twitter for literally no good reason @TheUltim8Evil

Fhaerbaline Khent
University of Caille
Gallente Federation
#5 - 2013-05-08 13:10:03 UTC
Manage your hour per day into a weekly/monthly bigger picture.

Incorporate Planetary commodities into your manufacturing. Mind the customs tax rate and figure out what you want to manufacture before you pay customs their 10%. PI is not the end all but a good compliment to your manufacturing enterprise. Slow and steady is a phrase overly used but it also applies well with PI.

Work towards invention....You can apply invented T2 BPC's into your manufacturing empire and sell BPC's through contracts.

No matter what your playstyle may be, it is always good to keep an eye on the market history of goods. Knowing the value and the history of products will give insight into what is what.
Super Miguel
Trillium Invariant
Honorable Third Party
#6 - 2013-05-08 13:12:10 UTC
Ultim8Evil wrote:
Super Miguel wrote:
Fhaerbaline Khent wrote:
Only if you have the chops.......The way I see it their is no easy money. Instead we have smart money.

Don't expect any "get rich quick" insider tips from the forums. Expect disinformation masked in sarcasm.

Just keep playing and figure it out......That is the only sure way to carve out your billions.


I just dont have much time to play, so mission running takes playing time, mining takes playing time, so i think industry is the only one i can log in 1h a day and just queue alot of stuff, and hopefuly profit out of it


What are you going to spend your untold billions on if you only log in 1hr a day?


Basically i have 2 accounts, 1 my pvp guy and another one my money guy, i want to play my pvp guy few hours a day and my money guy 1h :P so ill spend the untold billions on my pvp guy
Mari Hata
Main Street Crafts and Goods
#7 - 2013-05-08 13:37:32 UTC
Super Miguel wrote:
I just dont have much time to play, so mission running takes playing time, mining takes playing time, so i think industry is the only one i can log in 1h a day and just queue alot of stuff, and hopefuly profit out of it


Station trading does the job just fine, too.

♫ ♪ ♪

Para Ellecon
Fidelity Defensive Technologies
#8 - 2013-05-08 14:55:38 UTC  |  Edited by: Para Ellecon
I think you are underestimating how long it will take you to purchase, build, move, and sell items. Especially when valued in the billions.
Kara Books
Deal with IT.
#9 - 2013-05-08 15:07:29 UTC
once it tips over into a few characters a POS and 20+B isk churning, you begin to think of all the endeavors you could have done if you had friends.\

If alone, then its a 2nd job, that's what im trying to say here, if not then you have interesting people to socialize with, people who have interests and some time perhaps to help invent, fuel POS plan logistics and people who might look like they could use some help with their endeavors when they go out and have a real life.
Illest Insurrectionist
Sparta.
#10 - 2013-05-08 16:24:08 UTC
Para Ellecon wrote:
I think you are underestimating how long it will take you to purchase, build, move, and sell items. Especially when valued in the billions.


This really should be stressed. People on the forums like to understate their work level and time invested in manufacturing.

You could queue up invention jobs in your 1hr. But buying, hauling and calculating what you need will take a longer time at least one day every so often.

Iosue
League of Gentlemen
The Initiative.
#11 - 2013-05-08 17:10:41 UTC
definitely not with 1 hr a day, as someone said above, you're better off station trading.
Super Miguel
Trillium Invariant
Honorable Third Party
#12 - 2013-05-08 19:12:32 UTC
Iosue wrote:
definitely not with 1 hr a day, as someone said above, you're better off station trading.


what is station trading?

Aliventi
Rattini Tribe
Minmatar Fleet Alliance
#13 - 2013-05-08 20:24:16 UTC
buying and selling items in a single station. There are lots of ways to do it. Some more profitable than others. Buy item, mark up and sell. Corner markets (take a look at the t2 implants market in Jita). margin scam. etc.

There is billions upon trillions to be made station trading. The only down side is it is hyper competitive. Hop over to the market discussion Forum to find out more.
Mr. Orange
Band of Freelancers
#14 - 2013-05-08 21:26:04 UTC
The more billions you have, the easier it is to do it solo.

Skorpynekomimi
#15 - 2013-05-08 21:29:29 UTC
Super Miguel wrote:
Is manufacturing a "solo" billionaire business? ??


Yes.

Buy minerals, manufacture, sell products. Just a question of what to make and sell, how and where to get hold of the input, where to sell the output. And how to get things places, where to set up, how to go about it, etc.

Generally, anything consumable runs at a profit margin. And tailor your production to your local area and the customer base. Miners? Mission runners? PVP? Nonconsensual pvp victims needing a new ship stat?

You can get away with just using courier contracts to have your stuff moved, too. There's always someone with a freighter looking to make a couple of million off a few jumps. I offer 250k a jump, spam the contracts in local a few times, and someone picks them up after a while. Red Frog is also an option, but my method gets things done faster in my area.
Or do it yourself if you have the time to. But since you only want a low-time commitment, it looks like you're paying out sections of your profit margin to others.

Economic PVP

Drunein
Blackwater USA Inc.
Pandemic Horde
#16 - 2013-05-09 02:42:33 UTC
3 accounts = 9 characters.

Baby them up enough for PI.

Get them in with a friend in a C4.


Profit.
Sabriz Adoudel
Move along there is nothing here
#17 - 2013-05-09 02:53:27 UTC
It is possible to make billions manufacturing solo, but it takes capital and time and you can lose ISK too (e.g. I lost around 400m with the recent crash of prices on 1600mm tech 2 plates, although I had made a good 1500m on the item when it was in boom).

I support the New Order and CODE. alliance. www.minerbumping.com

Rarize Urkan
EVE Corporation 98582134
#18 - 2013-05-09 03:06:33 UTC
Iosue wrote:
definitely not with 1 hr a day, as someone said above, you're better off station trading.



Industrialism done solo is for most part station trading. Buy raws/sell your product.
Super Miguel
Trillium Invariant
Honorable Third Party
#19 - 2013-05-09 03:55:23 UTC
Ok so i been reading a bit about trading and i think i like it, i think that if i combine it a bit with manufacturing i can make good money at the beginning and then just keep doing trading...

So i guess i need a ship to transport from one station to another...

What would you guys recommend??

I saw this one, but not sure how good/bad it is: http://eve.battleclinic.com/loadout/36742-Hoarder-Ship-Carrier.html (i did remove the gun, i dont think ill need it)
OfBalance
Caldari State
#20 - 2013-05-09 04:58:22 UTC
Super Miguel wrote:

So i guess i need a ship to transport from one station to another...


I guess you missed it, but the most pertinent advice in this thread was to use contracts (and freight corps like Red Frog) to move goods, saving you a LOT of (game) time slow-boating from station to station with a hauler (god-forbid you find out what it is to round-trip several times in a freighter).

In sum the commentary has been more or less accurate. You are (to some extent) "better off station trading," in the sense that your time window precludes a lot of moving around in order to get things done. Having said that, a couple of strategic jump clones can allow you to supplement your income with industry.

A few other tips:
1. If you find yourself with excess time or the desire to leave your station (fear not well-heeled station traders, I am only speaking hypothetically) you'll do well to work on your faction standing and corporate standing with the stations you frequent. This reduces the amount of taxes and fees you pay per transaction. There's a gent over in the mission/complex forum who's got a rather decent guide to this by the name of DeMichael Crimson.

2. The biggest rookie mistake in trading is to ignore volume and/or turnover. If you can't do anything for weeks because you're 100% invested in something that will take another month to sell then chances are you'll get bored or liquidate for a loss. Pay close attention to markets with more churn (active buying and selling on a daily, or better-yet hourly, basis) and find a place where you can nose in on the action.

3. Patch speculation is out of your league, but "going with the flow," and trying to pick up goods that are trending up (and selling them soon after so as to avoid the inevitable correction downward) is a remarkably easy way to introduce yourself to more speculative or methodical trading, which will be your bread and butter if you make it past the first few billion benchmark.

4. You have two available character slots on your account which can easily be filled with alts of a few million sp. These don't take long to train up and will dramatically increase your ability to expand your business. Use them to monitor prices in other high-volume regions, order goods that are cheaper there, or sell good which you can build or acquire cheaper elsewhere. The only caveat: inter-regional trading is much more time-consuming than station trading. So if you find that hour is used up quickly working your one character, you probably won't get much out of a trained alt. Still, an untrained alt in Amarr and Rens (assuming your main is in Jita) would be very much worth having from the standpoint of information gathering alone.
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