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How do i achieve passive income with manufacturing
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Barry Momaki
Perkone
Caldari State
#1 - 2013-06-11 12:09:36 UTC  |  Edited by: Barry Momaki
So i just started into manufacturing, i am wondering how can i achieve passive like income with manufacturing?

I tried invention and producing t1/t2 modules.

They require much attention , almost daily hauling, setting up queues, hauling, market pvp.

I am looking for some way i can put a long queue and make decent isk from it that does not require much attention.

Is there any recommendation from those indy gurus? (Not taking ISK into consideration)
Keaton DuCasse
The Destiny Logistics.
#2 - 2013-06-11 12:29:35 UTC
Try to set up a freighter production.
Elena Thiesant
The Scope
Gallente Federation
#3 - 2013-06-11 12:50:47 UTC
T2 ammo.
HalfArse
Wixo Trading Co.
#4 - 2013-06-11 13:26:58 UTC
cant rly be done if you dont want to give daily attention, unless you dont mind stuff sitting around for a while which i guess is ok.

problem with t1 stuff is that even if you find a good margin it wont be good for long so you ahve to produce as fast as you can and get your stuff to market within a day or so.....produce what you can sell in a day and once its on the market start the next days production because when the market drops (and it will) youl be left with a load of product you can either hang on to for weeks or sell at below cost.


T2 requires running invention and if your doing ammo/mods then the invention time is going to be about 6-12 hours so if you want to produce in any volume you going to have to pay attn to it.

While capital production jobs will last days it requires a large investment and has crappy returns.

Manufacturing is not passive. Maybe try station trading?
Barry Momaki
Perkone
Caldari State
#5 - 2013-06-11 15:10:37 UTC  |  Edited by: Barry Momaki
Thanks for the replies.

I have been trying to get some passive income with ISK as investment.

Station trading requires alot of attention as well, market 0.01 pvp is tiresome. (I tried)

I have been thinking of freighter / carrier production which will require less attention with a longer queue.

Any gurus can advice how to get this working? I cannot afford 10 freighter bpos. :(
brinelan
#6 - 2013-06-11 15:22:30 UTC
manufacturing for a profit isn't passive at all. You need to always be aware of the markets, upcoming changes, buying hauling and selling, planning your builds etc.

If you want passive isk, PI is quite a bit closer then manufacturing depending on what youre making.
Ginger Barbarella
#7 - 2013-06-11 16:29:57 UTC
Just throwing out a note for anyone considering getting into T2 production now that doesn't have access to null reactions:
don't bother.

The Extra Materials that have been added to a number of components (such as Nanomechanical Microprocessors now requiring Plasmonic Metamaterials on a one to one basis) has effectively ended my production of certain items that I used to manufacture regularly as part of my T2 production business. This is NOT the only example I've seen from the last hour of restocking my base manufacturing materials; it's the first time since the expansion I've needed to restock.

Another successful move by CCP to try moving industry out of that nasty "safe" high sec and into the hands of sov holders out there in null. Good on ya, CCP & CSM. Didn't see this one coming.

"Blow it all on Quafe and strippers." --- Sorlac
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#8 - 2013-06-11 16:40:03 UTC
Ginger Barbarella wrote:
Just throwing out a note for anyone considering getting into T2 production now that doesn't have access to null reactions:
don't bother.

The Extra Materials that have been added to a number of components (such as Nanomechanical Microprocessors now requiring Plasmonic Metamaterials on a one to one basis) has effectively ended my production of certain items that I used to manufacture regularly as part of my T2 production business. This is NOT the only example I've seen from the last hour of restocking my base manufacturing materials; it's the first time since the expansion I've needed to restock.

Another successful move by CCP to try moving industry out of that nasty "safe" high sec and into the hands of sov holders out there in null. Good on ya, CCP & CSM. Didn't see this one coming.



That's a 'for now'

The price will stabilize downwards. It's just too profitable at the moment.

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter
Haulie Berry
#9 - 2013-06-11 16:52:36 UTC  |  Edited by: Haulie Berry
Steve Ronuken wrote:
Ginger Barbarella wrote:
Just throwing out a note for anyone considering getting into T2 production now that doesn't have access to null reactions:
don't bother.

The Extra Materials that have been added to a number of components (such as Nanomechanical Microprocessors now requiring Plasmonic Metamaterials on a one to one basis) has effectively ended my production of certain items that I used to manufacture regularly as part of my T2 production business. This is NOT the only example I've seen from the last hour of restocking my base manufacturing materials; it's the first time since the expansion I've needed to restock.

Another successful move by CCP to try moving industry out of that nasty "safe" high sec and into the hands of sov holders out there in null. Good on ya, CCP & CSM. Didn't see this one coming.



That's a 'for now'

The price will stabilize downwards. It's just too profitable at the moment.


Yeah, the sheer number of tears about this is amazing. People are really bad at the whole economics thing.

The new raw material prices are going to come down. The profit margin on the new materials is simply obscene right now, and is completely unsustainable. Furthermore, even if it DIDN'T come down, T2 output prices would eventually rise to compensate, instead. There is a minimum amount of profit people are willing to work for. If they're not making that, they won't supply the market, and the price will rise until it is worth it. This is not a long-term problem, it's just a temporary raw material supply shortage.

The price is probably somewhat artificially held aloft by johnny-come-lately margin chasers trying to cash in on T2 analyzers and the new scanning modules, but that can't last much longer - that particular gold rush is over, even if a lot of sellers haven't realized it yet.

If you were paying attention, you knew this was coming, and you could have stocked up on the affected components pre-patch, at least enough to carry you until the market stabilizes.

Also, while we're at it:

Quote:
Just throwing out a note for anyone considering getting into T2 production now that doesn't have access to null reactions


Having access to null reactions does not fundamentally change the economics. The metamaterials you react yourself are not free.
Termy Rockling
Sebiestor Tribe
Minmatar Republic
#10 - 2013-06-11 18:55:29 UTC
Theres prolly loads microprocessors and such coming at start of july when the long productions end for the old mats.
Sir SmashAlot
The League of Extraordinary Opportunists
Intergalactic Conservation Movement
#11 - 2013-06-11 19:20:15 UTC
Barry Momaki wrote:
So i just started into manufacturing, i am wondering how can i achieve passive like income with manufacturing?

I tried invention and producing t1/t2 modules.

They require much attention , almost daily hauling, setting up queues, hauling, market pvp.

I am looking for some way i can put a long queue and make decent isk from it that does not require much attention.

Is there any recommendation from those indy gurus? (Not taking ISK into consideration)


Study historical patterns and keep an ear on the current meta and mechanics changes. It is possible to swing trade mid-term investments (1 to 4 month hold) for little effort if you are in the know on what forces are in play.

It is as close as you can get to a "passive" income, though the research and brain time for some might not be consider passive. But the mechanics of managing such a process (buying / selling) is trivial.
Barry Momaki
Perkone
Caldari State
#12 - 2013-06-12 03:36:17 UTC
brinelan wrote:
manufacturing for a profit isn't passive at all. You need to always be aware of the markets, upcoming changes, buying hauling and selling, planning your builds etc.

If you want passive isk, PI is quite a bit closer then manufacturing depending on what youre making.


I have tried PI before, the returns are pretty crappy.

I do not mind be busy for a day of gameplay and leave it until 10 days later to repeat the process.

What might be an good option to consider ?
Rhivre
TarNec
Invisible Exchequer
#13 - 2013-06-12 03:53:49 UTC
Barry Momaki wrote:
brinelan wrote:
manufacturing for a profit isn't passive at all. You need to always be aware of the markets, upcoming changes, buying hauling and selling, planning your builds etc.

If you want passive isk, PI is quite a bit closer then manufacturing depending on what youre making.


I have tried PI before, the returns are pretty crappy.

I do not mind be busy for a day of gameplay and leave it until 10 days later to repeat the process.

What might be an good option to consider ?



Manufacturing is, like everything else, as active, or as passive as you want it to be.

You can check the markets/IskPerHour/whatever other app, and plug stuff in for a week, take it out, sell, profit....

Ofc, you get more isk if you stuff in advance of upcoming changes, but, as incomes go, its relatively passive

Fluffy Bunny Pic!

P3po
Perkone
Caldari State
#14 - 2013-06-12 08:20:23 UTC
The biggest mistake CCP did with the new materials is they released it at the same time as the new material requirements in the BPOs.

If they released the new materials BPOs and reaction BPOs like 2 weeks earlier, people would have much more time to prestock on that certain material and the market to adjust to the correct price.

Now, if you wanna build it, you need to react it on your own or buy incredibly overpriced materials off the market, which is ******** :)

To the topic :

If you want low maintenance income, try carriers ... they are building 11 days, so in theory you need : 1 days hauling minerals, 1 day building components/ships and 9 days off.
Gilhelmi
Garoun Investment Bank
Gallente Federation
#15 - 2013-06-12 09:09:07 UTC
Ships are a good bet.

You wont make tons (like all manufacturing) but they are more in demand then modules.

Ammo is also a really good bet, but takes a long time to recoup isk. But it is constantly being used, thus always in demand.

But really, as others have said, there is no way to passively manufacture.
Traedar
InterStellar Trading Syndicate
#16 - 2013-06-13 21:25:22 UTC
The only way to make passive ISK manufacturing is by manufacturing Tech 2 products from a profitable Tech 2 BPO. It is profitable because most of the competition has to produce via invention which has extra cost and so they can't produce as cheaply as you do.

It's pretty much the only type of manufacturing where you can set up a job to run 2-4 weeks with minimal effort and count on getting a healthy profit when the job finishes.

In days long gone some T1 items could be built for solid profit without worrying much about competition driving prices down, such as freighters and some mining barges, but afaik many of those markets are overrun. Only your spreadsheet program knows for sure.
Zifrian
The Frog Pond
Ribbit.
#17 - 2013-06-13 22:42:13 UTC
Easiest way is to give me all your isk and I'll double it....

Seriously though, there isn't really a lot of passive T2 production. The stuff I know I'm not going to share though because my market is already getting too tight ><

Anywho, keep at it and maybe check the program in my sig to help.

Maximze your Industry Potential! - Download EVE Isk per Hour!

Import CCP's SDE - EVE SDE Database Builder
Steve Ronuken
Fuzzwork Enterprises
Vote Steve Ronuken for CSM
#18 - 2013-06-14 11:05:01 UTC
Traedar wrote:
The only way to make passive ISK manufacturing is by manufacturing Tech 2 products from a profitable Tech 2 BPO. It is profitable because most of the competition has to produce via invention which has extra cost and so they can't produce as cheaply as you do.

It's pretty much the only type of manufacturing where you can set up a job to run 2-4 weeks with minimal effort and count on getting a healthy profit when the job finishes.

In days long gone some T1 items could be built for solid profit without worrying much about competition driving prices down, such as freighters and some mining barges, but afaik many of those markets are overrun. Only your spreadsheet program knows for sure.




The downside is: you've invested in a T2 BPO and that investment will take approximately 3+ years to pay off, with 24x7 production.

Woo! CSM XI!

Fuzzwork Enterprises

Twitter: @fuzzysteve on Twitter
brinelan
#19 - 2013-06-14 11:52:38 UTC
Barry Momaki wrote:
brinelan wrote:
manufacturing for a profit isn't passive at all. You need to always be aware of the markets, upcoming changes, buying hauling and selling, planning your builds etc.

If you want passive isk, PI is quite a bit closer then manufacturing depending on what youre making.


I have tried PI before, the returns are pretty crappy.




If you did pi in hisec then yes the returns arent really worth it for the most part.. now null and wormhole pi is another story...

Some other good advise is here in the thread too..
Shizuken
Venerated Stars
#20 - 2013-06-14 20:15:59 UTC
PI gives reasonably good ISK returns for nominal investment. I do some in null. If you set the scans for a few days and dont mind giving uo some total output, you can make some income with little attention.