Market Discussions

We all have seen items going for really cheap usually by people that just want to sell their stuff quickly. They put them on the market and set the price cheaper then the lowest. We've all done it at some point in our gaming careers. I kinda hope these people read this, but not really. Which brings me to what follows.

Some time ago when I came back to Eve I updated my manufacturing spreadsheet. Now I don't mine and just reprocess any loot I get from missions. I have on one sheet my BPs. Another is my manufacturing info; how much minerals I have, how many items I could produce, and how much I need to sell it to make a profit. One day I was wondering when looking at the market itself how much are people under selling their wares. So I modified my sheet to also show how much I can make from reprocessing an item.

Just today I was adding new BPs to my list and came across one that I had gotten as loot. I checked to see how much to sell it for and then checked the market. I noticed they were going cheap and there was a lot of them. I also noticed they were a lot cheaper then what it would cost to make them. So I checked my reprocessing value and noticed I would make a profit buying them off the market, reprocessing, and just selling the minerals.

So I modified this sheet again to tally up all the items selling for less then what I could make from reprocessing them. Wouldn't you know it, buying 55m isk of these items I would make over 4m isk in profit by reprocessing them.

Now most likely these people just simply wont care and keep doing it. And that's ok because I sure don't mind making a profit off you. But if you're going to sell stuff, make sure you're not shooting yourself in the wallet.

So you spent a bunch of time finding a BPO, checking its market value, checking its reprocessing value and creating a spreadsheet, then buying a bunch of stuff, reprocessing it and selling the minerals all to make 4 mill isk?

My hats off to you sir. You sure showed them noobs who didn't want to sit an alt in the station and play the .01 isk game 15 times a day how a real man does the market.

If I valued my time at 0, I'd buy every meta 1-2 1600mm armor plate and every meta smartbomb on the market and reprocess it.

Unfortunately, the decision to do so would be predicated upon an assumption that is not true.

Consider that some people don't have the time to work out optimal costs and thus want some isk for them ASAP

And also consider, not everyone has perfect skills/standings, therefore if they reprocessed it, they would end up with less than what they are selling it for anyway

What prices you can make profits will sometimes be different than the prices that other people can make profits from

I liked the part where he said he just reprocessed his loot. OP, did you analyze the isk you left on the table for doing this?

Many of us have looked at reprocessing arbitrage, but it's just not scalable. I don't need to spend hundreds of hours making a fancy spreadsheet to tell you that you can't get rich with this stratgey.

Now, here is a good idea, and maybe one of you IT guys will do it...

Actually nevermind, I'm going to evemail one of my programming friends, this idea will make trillions.

congrats on making 4m im sure that is a lot of isk for you.
When I fart at least 200m ISK rolls out so you can see why this would not be as big a deal for some.

With MTUs, they often don't even loot that cheap stuff.

Place MTU - clear pocket - scoop MTU - look in the can that's left behind with a filter showing only 100k+ items, loot all, move on. Maybe pick up Metal Scraps as well as they stack well but ignore all the other stuff.

I remember this guy once... Oh hang on a minute that was probably just me....

Trillions... never....

OP can safely ignore most of the people in this thread. The majority of the replies imo are either using misdirection or don't understand the gems available for them. Sure on face value 4 mil isn't a lot however that is not what his thread is necessarily about.

So good luck for those new traders that don't understand this aspect of the markets and can spot the gems/opportunities for what they are.

Yes my last post was sarcasm. I guess I have been away from the Market forums too long. :)

Did you guys all share a big bowl of cornflakes for the past couple of days? Y'all need to chill out, at least tbis guy wasn't peddling the fifth 'bank' in the past 10 days :).

Now you've whet your appetite for trade, try and quench your thirst for profit by finding your next foray into the market! Note down your effort/time expended and profit made and compare it to other activities you do, then to the collateralized loans you can find here in MD. Assuming you're doing your research/math, then you're doing a lot better than people who are already making billions, you've just got to put a bit of time in.