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Buying ore, reprocess and sell a good profession?
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azger Ottig
Brutor Tribe
Minmatar Republic
#1 - 2013-05-23 19:51:46 UTC
I was mining a few jumps from Amarr, reprocessing and then selling in Amarr. I noticed even with bad reprocessing I can reprocess move and then sell at a much better price. I was wondering should I start putting in buy orders for raw ore, reprocess and sell? Can I make a good living off of that as well as mine? I'm working on my processing skills now.

The next question is how do I know what price to buy ore at? I don’t' want to screw myself over I’m totally new to the market I usually just buy/sell at whatever it gives me (I know I’m screwing myself) but I’m intimidated by the market
Vortexo VonBrenner
Doomheim
#2 - 2013-05-23 20:20:46 UTC
No. People do that in high volumes to make isk, sure, but the ore markets are fickle and what's selling high this week you lose money on / sit on your stock tomorrow. In my opinion if one is going to put in the effort to mess with all that, do it in the real world with Euros/Dollars/Rubles/Shells/whatever and make a real world profit for yourself. Unless that's fun for you, then go for it.

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Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#3 - 2013-05-23 20:25:35 UTC
http://www.fuzzwork.co.uk/ore/ may be of interest.

Be careful with the prices, as they're potentially subject to manipulation, and are the 5% prices, rather than the lowest sell.

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Barlkin
Aliastra
Gallente Federation
#4 - 2013-05-24 22:07:57 UTC
azger Ottig wrote:
I was mining a few jumps from Amarr, reprocessing and then selling in Amarr. I noticed even with bad reprocessing I can reprocess move and then sell at a much better price. I was wondering should I start putting in buy orders for raw ore, reprocess and sell? Can I make a good living off of that as well as mine? I'm working on my processing skills now.

The next question is how do I know what price to buy ore at? I don’t' want to screw myself over I’m totally new to the market I usually just buy/sell at whatever it gives me (I know I’m screwing myself) but I’m intimidated by the market



This can work if you find a nice backwater system occupied by miners. As we can be a lazy bunch, you will get people selling to your buy orders that can be quite a bit below what the Hubs are paying. Next to a hub tho is a different story and more prone to dramatic price changes.

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Tau Cabalander
Retirement Retreat
Working Stiffs
#5 - 2013-05-24 22:46:53 UTC
For what it is worth, I started out doing that. Surprisingly enough in Amarr space too (I grew-up there, despite being Caldari).

Ice was more lucrative, as it is so large that few miners have the ability to move it.