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How do you make billions?

Author
Sabriz Adoudel
Move along there is nothing here
#21 - 2015-02-23 00:05:57 UTC
Damzk Raholan wrote:
Zappity wrote:
First 1 b from region trading faction and T2 ammo between hubs. First 10 b from T2 modules. The rest from speculation because I became too lazy to keep updating all those orders every few days.

Public courier contracts are great.


You flipped T2 modules til you made 10billion isk? Damn. That must have been painstakingly slow. Those low profits.


Depends which modules you flip. There's good ISK in the ultra-high turnover modules if you can get your broker fees very very low.

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

Extractor Bill
Hynix Galactic Industry
#22 - 2015-03-11 23:15:31 UTC

  1. Activity will always be your biggest driver for return. What is profitable never stays that way. There are hundreds of people in that hub doing the same thing, and they too will find the profitable items eventually
  2. Patience is key, review each order in increments. Watching the same item and making sure your top order will only result in a price war. That is basically ensures your kill the profitability of that item.
  3. Diversity is key, do not put all your eggs in one basket. You can't have your fortunes tied to the price fluctuation of one item.
  4. If you buy a large quantity, place it back on the market in multiple orders along the average market size for that area. If you dump a large quantity on the market at in one order, your order becomes the price floor and a price war is likely.
  5. Start small. The overall value of an item doesn't mean your going to make more. It does however tie up more of your capital. Trade in a value range where you can afford to have a diverse array of items on the market. Do not tie it all up in one or two items because you will become desperate, watch that item, and likely start a price war
  6. You will make mistakes, its the cost of doing business. If you mess up with a gamble that just is not selling, and its eating up too much capital, its ok to sell it off aggressively. Capital tied up in a lost cause will have you miss opportunities to make more isk. However, that doesn't mean killing your order if its only been a few days.
  7. Never forget to that profitability has a factor of time involved. That means slower market hubs demand higher margins because your orders will remain on the market longer, and your isk will be tied up longer. If your in a slower hub and making Jita margins, its time to rethink.


Slow and steady. Yes there are stories of those who went from rags to riches quickly. However your talking 0.1% of those who have tried. If it could be duplicated easily, everybody would be swimming in isk. Use your brain, be smart, and be patient.

Do few things better, and expand as you master each thing you do.

Learn to read supply and demand. While some might say this will let you get rich through speculation (it does for very few), it will not likely do that. What it WILL do is help you make better decisions on when you need to change your business strategy, identify what is a bad investment, and what investments might have potential.
Noonian Enaka
White-Koga Association
#23 - 2015-03-12 10:24:04 UTC  |  Edited by: Noonian Enaka
Sabriz Adoudel wrote:

Depends which modules you flip. There's good ISK in the ultra-high turnover modules if you can get your broker fees very very low.



I tried that and it didn`t really work out for me tbh. Could be my bad skills with the brokers (Broker Relations 4) and low CN standings as I trade mainly in Jita.

When I came back to the game 2 Months ago I injected this char with 100 mill starting capital and worked my way up to a couple of Billions through trading as of now. When I hit the 2-3 billion mark I tried to invest in high turnover items, however I found the 0.1 isk war on those far worse then anywhere else. There seem to be a lot of people engaged in high-volume trading and when I do high volume items I would expect my stock to move quickly. That really wasn`t the case though because of constant undercutting. I tried to just let the order sit there and do some sort of swing trading. However for my taste there was too much capital tied up for too long with too little return.
Maybe my impression of high-volume trading is completely off, but I was expecting to move a stock of 1000 items in 2-3 days at worst when the item has a daily trading volume of 6000+ instead it took me more then a week with pretty much babysitting the orders several times a day.

At the moment I am doing much better at medium volume T2 items mixed with some faction stuff. There are great margins to be had on some T1 modules, but one would have to move massive amounts to make a significant impact in the wallet.
Tear Jar
New Order Logistics
CODE.
#24 - 2015-03-12 10:57:05 UTC
Sequester Risalo wrote:
Start a thread asking for an uncollatoralized loan of billions -> Profit


Go with this OP. If you have an established trade history you are in a perfect position to ask for a 4b isk loan. Its a good way to get a one time isk boost.
Luthias Austrene
Pator Tech School
Minmatar Republic
#25 - 2015-03-12 11:11:37 UTC
Tear Jar wrote:
Sequester Risalo wrote:
Start a thread asking for an uncollatoralized loan of billions -> Profit


Go with this OP. If you have an established trade history you are in a perfect position to ask for a 4b isk loan. Its a good way to get a one time isk boost.


Speaking from experience, don't be surprised if you don't get it.

In fact, you probably shouldn't even bother with uncollateralized loans unless you're feeling lucky.
Logan Revelore
Symbiotic Systems
#26 - 2015-03-12 19:42:25 UTC
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


How long did it take you to reach 400m?
Angelica Everstar
#27 - 2015-03-12 20:12:41 UTC
Anything less than 100m - do mining or missions.
Pays more than Trading per hour in most cases.

More than that, is starts flipping towards trading.

§ Current Bond AE09 1 Trillion / Acc. 4,5t ISK

ƒ Want to become a better trader ?

¢ Pls help support EVEs charities!

@EveEntrepreneur

Zahara Cody
Imperial Corrections Service.
#28 - 2015-03-13 05:57:03 UTC
First by flipping highly researched tech 1 bpos. Made enough to start flipping tech 2 bpos. Invested into PLEX and Alliance Tournament ships.

Hating is free, that's why poor people do it the best.

Marketman
Jita Market Traders Club
Jita Market Traders Alliance
#29 - 2015-03-13 11:11:31 UTC
I station trade mainly ( with some null imports) I try to keep it as simple as possible. I have a number of items that I track , I buy at a certain price and am quite happy to sit on my stock for weeks or even months until the price recovers . When it does I dont drop my entire stock in one go, but trickle feed it back onto the markets hopefully maintaining the higher price, and avoiding the 1sk wars. With the general ebb and flow of prices I can usually have 3-5 stock items each week that prices have recovered enough to be worth putting on the market.

Of course the risk is that some stock will never recover enough to give a decent return, the fun/skill is working out what items to buy, but if there wasn't that risk everyone would be doing it.
Spud Lazair
Doomheim
#30 - 2015-03-13 18:17:48 UTC
Logan Revelore wrote:
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


How long did it take you to reach 400m?


difficult to say really as i have not been very consistant playing the alt if i had to guess i'd say maybe i spent less than 12 hours playing the alt spread over 4 weeks

"Accept that some days you are the pigeon and some days you are the statue"

Logan Revelore
Symbiotic Systems
#31 - 2015-03-15 23:27:57 UTC
Spud Lazair wrote:
Logan Revelore wrote:
Spud Lazair wrote:
As above. I started an alt with no skills and 10k in his wallet
I spent maybe 30 minutes a day checking orders and playing the .1 isk game
I have my alt at now 400mil isk and currently invest in an item that costs 5.4mil and i sell that for 5.9mil but i am finding this slow. Is it just a case of perseverance and doing what am doing or do i need to look at buying a different level product?

Any advice appreciated.


How long did it take you to reach 400m?


difficult to say really as i have not been very consistant playing the alt if i had to guess i'd say maybe i spent less than 12 hours playing the alt spread over 4 weeks


If you make sure to scale your trade and move your activities as you move along, then your rate is good I think. If you continue doing the same all the time without scaling up, then you'll reach a plateau naturally.

Spud Lazair
Doomheim
#32 - 2015-03-17 10:12:45 UTC
Do you base your buying on profit margins or demand, for example if am item cost you 300k and was selling for 340k and demand was high would you actually bother with that item for 40k or do you look for bigger profits in a less demanding product

"Accept that some days you are the pigeon and some days you are the statue"

Noonian Enaka
White-Koga Association
#33 - 2015-03-17 10:30:04 UTC
Spud Lazair wrote:
Do you base your buying on profit margins or demand, for example if am item cost you 300k and was selling for 340k and demand was high would you actually bother with that item for 40k or do you look for bigger profits in a less demanding product


I do both tbh. If I can move a significant amount of said item in a short time that's all fine and dandy for me and I can live quite comfortably with 10-15% margins or less.
I just checked eve-mogul and my best performing product was Fullerite in the last week where I moved several 100k in units. Per unit profit was small but I made about 200 million net profit from that Item alone with very little hassle.

With medium demad Items I try to get somewhere around 30% profit or more if possible. I do not have the capital atm to engage in large scale swing trades or ultra-high volume stuff like minerals. This char is manily used to plex 2 accounts and build up a small nest egg for further endeavours of my main.


Less demanding for me are some faction Items. You do not have to babysit the orders constantly and you basically just need to sit out the weekend swing where module price drops 10-15 million during Saturday/Sunday just to recover come Monday afternoon.

Prime example from last week the True Sansha Sasis Webifier.

Sells around 205ish million in Jita atm. During the weekend it dropped as low as 187 million with buy orders at 185 million. I just left my sell orders sitting and they all sold out by Monday evening.
Vanadium Voxus
Rekall Inc.
#34 - 2015-03-19 14:08:39 UTC
Zahara Cody wrote:
First by flipping highly researched tech 1 bpos. Made enough to start flipping tech 2 bpos. Invested into PLEX and Alliance Tournament ships.


And finally, he moved to one-of-a-kind monocles...
Jax Kazen
Doomheim
#35 - 2015-03-20 19:46:49 UTC
Moving Ammo / Drones from main hubs to mission hubs - mark it up 15% and wait.
Sabriz Adoudel
Move along there is nothing here
#36 - 2015-03-23 03:32:38 UTC
Jax Kazen wrote:
Moving Ammo / Drones from main hubs to mission hubs - mark it up 15% and wait.



I tried that a few times (at least with ammo) and got burned and left the market.

Profits were nonzero but low, and a good deal of capital was exposed to changes in the ammo market (most notably, Crius killing off the price of T2 ammo).

Apanake at least had too much competition.

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

Bondor Zanphre
Sebiestor Tribe
Minmatar Republic
#37 - 2015-04-13 15:13:23 UTC
Know your audience, and what I mean by that is are you trying to trade in US, EU AU, RU time zones during peak server populations? When the most people are online that means the chances of the most traders are on as well. I try to upload orders or adjust orders during different times to find what works and what just won't sell during those times. There are small windows of opportunity to be had during small segments of time between the different time zones.

If someone buys 1 out of 1,000 items in your stack you've probably been added to a watch list so they can update an order after you log off. Rather than placing a large stack make the stacks small enough to sell so that by the time the competition checks their order they don't see yours staring at them. Look for orders that haven't been updated regularly.

I mainly buy in one area and haul to a different location for decent turnover. Spread out your stock so you don't focus on just one item that might fall overnight.

Sell pvp items that cancel each other for instance ecm modules to one faction and sensor boosters to rival factions in low sec. Low sec markets can be decent with turnover depending on the popularity of the region. Margins are great and wonderful but offering a fair price will go much further and farther trying to achieve your goals, user consumption increase in the region.

You can also increase the consumption of the region offering a price floor on an item, as other traders .01 isk the price well below yours. The item and region increases in popularity, sell items that assist or increase it's effectiveness. Then sell any of the left over items in the next region over just a bit higher.

When I'm selling in missions hubs with trade hubs nearby I camouflage my price so it doesn't draw .01 attention just a little higher than the lowest price at the main trade hub. When I sell in trade hubs I adjust pricing when the least amount of people are on. What goes up must come down, and when the pilots logon and see the lowest price, they buy.

If you're into speculative selling know that ores/minerals drop as supply increases during summer/vacation months as more pilots are active and mining. Barges/exhumers increase in price closer to July. Combat ship prices climb as well towards the ends of summer and spike in September according to market data history.

Train up remote trade skills to reduce travel time and border hop to stay on top of remote orders, very useful once a low sec market is stocked.



Veine Miromme
Gallente Federation
#38 - 2015-04-13 18:51:21 UTC  |  Edited by: Veine Miromme
1. capital + 2. investment + 3. risk management + 4. avoid to lose ISK in unsure gambles +

5. use the capital to make a greater profit (by buying more, or accomplish what was impossible with less funds)

6. use the profit to increase capital

7. use the larger capital to increase the profit exponentially

(yes, this maybe for everyone, not limited to :
does he does this for everyone or,
does he mean that everyone can do this?)


Oh +
Cover your loses with profit.
Don't forget where you did wrong and use your experience to learn from your errors to improve your result.
Don't try to outsmart the market but rather,
use the market smartly.


+
Remember , you can make the market, not can the market only affect you.
If you invest soundly and wisely in the market, the market will be able to be beneficial to you.
But mostly, and most importantly, you will be able to bring benefit to the market, which can helps society.

Even if you tried to make more income with politics, you may find it hard to mitigate with taxes.
Most of the other extra work will get in the way and you may diminish your profit, return and, income.

The real key or general secret in being good to your team, others and society is a reward when achieved.


How to actually achieve this is another ball park altogether.


+ Time Management (scheduling):
Don't waste your time trying to make money...
Meaning that, if you try to take too much time to make money, you may be losing profit.
I can understand why someone would want to calculate the difference to compare or even calculate it for better purposes.

And , don't waste other people's time.


There are 3 other tools I use to achieve this, 2 of which are:
- Project Management, and Inter-Personal Relations (+1 more).

Ship Type : Out of pod (for now)

Ibrahim Tash-Murkon
Itsukame-Zainou Hyperspatial Inquiries Ltd.
Arataka Research Consortium
#39 - 2015-04-13 19:05:20 UTC
Luthias Austrene wrote:
Tear Jar wrote:
Sequester Risalo wrote:
Start a thread asking for an uncollatoralized loan of billions -> Profit


Go with this OP. If you have an established trade history you are in a perfect position to ask for a 4b isk loan. Its a good way to get a one time isk boost.


Speaking from experience, don't be surprised if you don't get it.

In fact, you probably shouldn't even bother with uncollateralized loans unless you're feeling lucky.


The credit market is frozen. It used to be much easier to get a few billion on an uncollateralized loan than it has been in the past year or so. Too many bad apples I guess.

"I give you the destiny of Faith, and you will bring its message to every planet of every star in the heavens: Go forth, conquer in my Name, and reclaim that which I have given." - Book of Reclaiming 22:13

Aluka 7th
#40 - 2015-04-14 07:44:15 UTC
Ive started with missions and trading turrets between hubs. That helped me learn all weapon stats and got me first bil.

Then I moved to manufacturing items. Started with Tech I items that were used and lost a lot like drones, drone mods, mining crystals, POS modules, warfare links and various tech 1 modules.

After that I "upgraded" to capital mods (capital armor reps, guns...), fighters, bombs, bubbles, XL ammo and Tech 2 components for subcaps.

Then I moved to rigs (Tech I only) which I expanded to bulk production of 5000m3 worth of rigs per day (2011-2014).
Even supplied some alliances with rig packages like weekly I sold 10000m3 of combined medium/small rigs to RvB.
Send similar loads to 0.0 where other people resold them for good markup. In highsec I've supplied Amarr, Dodixie and Rens.
At the end I produced all rigs of S/M/L size in T1 version and 50 types of XL size in T1/T2 versions and supplied people, mostly resellers, in bulk packages. I gave up good part of the profit so I don't have to play ISK cents.

Now I don't do anything much, mostly steal Gods days and spin ships in Jita :)
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