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EVE New Citizens Q&A

 
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Where to sell exploration loot?

Author
Jarrard Lorn
The Scope
Gallente Federation
#1 - 2016-05-13 01:50:22 UTC
I've started scanning down data/relic sites in K and W space and have various bits n bobs from them.. but i cant figure out where to sell them?

Do I have to fly all the way in jita for just to sell?
or do I put up a sell order on the market and wait ?

I thought you could sell things instantly in eve?
Ralph King-Griffin
New Eden Tech Support
#2 - 2016-05-13 01:55:04 UTC  |  Edited by: Ralph King-Griffin
in order of local population

jita
amarr
dodixi
hek
rens

you can sell to the buy orders but will likley make a loss doing so
Jarrard Lorn
The Scope
Gallente Federation
#3 - 2016-05-13 08:59:40 UTC
Ralph King-Griffin wrote:
in order of local population

jita
amarr
dodixi
hek
rens

you can sell to the buy orders but will likley make a loss doing so



So is it all ways better to set up a sell order?
Ralph King-Griffin
New Eden Tech Support
#4 - 2016-05-13 09:05:48 UTC
if you want better isk then yeah.

if you want immediate isk then sell to a buy order
Jarrard Lorn
The Scope
Gallente Federation
#5 - 2016-05-13 09:06:15 UTC
Ralph King-Griffin wrote:
if you want better isk then yeah.

if you want immediate isk then sell to a buy order



Thanks
ergherhdfgh
Imperial Academy
Amarr Empire
#6 - 2016-05-13 10:45:12 UTC
The market in Eve is a huge part of the game. Learning it and how to do well within it are valuable skills to have in this game. There are resources out there for finding out more but I just briefly want to speak to your specific questions here:

So when you sell to buy orders you get isk immediately. With sell orders the sell always goes to the lowest order regardless of who the buyer tries to buy from. For example if there were only 2 of item A on the market and one was selling for 100 isk and the other for 200 isk and you purchased the one for 200 isk you would still see the 200 isk order on the market and see a transaction in your wallet for 200 isk. The player selling item A for 100 isk would have been paid 200 isk.

So the way that works out in trade hubs is that players will often sit there and babysit their market orders and keep moving their sell price down 1 isk below the lowest price and often you will put up sell orders only to have them under bid almost immediately. Now if you learn the market trends you can make good isk on sell orders without babysitting them. Items with lower volumes are less likely to have this happen as are lower volume trade hubs.

I make good margins on sell orders but for select stuff and sometimes my orders will be up for months before the stuff sells. I typically sell most of my loot items to buy orders or reprocess the low value ones. The only sell orders I put up are for stuff that I got into strictly for the market profits. For loot I typically don't look for best sell price. I just try to move the stuff so that I can spend more time doing what I do to make isk.

At some point you will need to decide if your time is better spent exploring or sitting in a trade hub all day to trying and make 7% more on an item that you are trying to sell.

Want to talk? Join Cara's channel in game: House Forelli

Dani Gallar
Doomheim
#7 - 2016-05-13 12:15:46 UTC  |  Edited by: Dani Gallar
If you want to play the market in EVE you will need to divert training to Trade skills, especially those that let you change sell orders remotely (or else the professional sellers will just undercut your offer by 0.00001 ISK) and thus deny you the chance to sell.

The way I (as a non-professional Trader) do it is to sell my 'bulk loot' (this is everything except T2-salvage, skill books or other rare stuff) to a buy order. The more valuable stuff is usually worth making a sell order for even with low or no skill training in Trade.

The thing is that diverting time into the Market will mean less time for your actual exploration and in the long run I'm quite certain it's worth leaving the trading to those who enjoy that aspect while you focus on finding more stuff to sell to those people.
Iria Ahrens
Space Perverts and Forum Pirates
#8 - 2016-05-13 13:47:09 UTC
Jarrard Lorn wrote:


So is it all ways better to set up a sell order?


Time vs. isk vs. resources.

If you have 10 trade orders then you'll not want to tie up an order waiting for a 100k isk profit. So the smart thing would be to sell to a buy order and only make about a 10k profit. If you have 200 orders then you can post the sell order and walk away.

My choice of pronouns is based on your avatar. Even if I know what is behind the avatar.

Flharfh Lhar
Sasquatch Control Bureau
#9 - 2016-05-13 14:41:13 UTC
It's important to check both the buy and sell orders when selling anything of value. Sometimes the "buy" order may be only 5% or less below the sell, meaning you can sell to the buy order without losing much isk. Other times, the only "buy" orders may be drastically lower than the value of the item, and you will get ripped off if you just sell to the buy order.

This resource:

https://eve-central.com/

Is great for determining the approximate value of an item, as it shows buy and sell orders universe wide.
Kaivarian Coste
It Came From Thera
#10 - 2016-07-10 08:24:37 UTC
If you're an explorer, it's usually best to have a "base" to drop off loot. Once you have enough loot, setup a courier contract and ship em to Jita. Have an alt in Jita to transfer the loot to, and either setup sell orders, or if you can't wait, sell to buy orders.

If you're using sell orders, you only need to update your orders once a week. Eventually they will sell.
Pandora Carrollon
Provi Rapid Response
#11 - 2016-07-11 16:56:51 UTC
I've found that it's fairly safe to split the difference between the buy price and the sell price, edging up towards the lowest sell price. You usually get your item sold quickly for more than the buy orders are.

Now, people watch the markets for just this behavior, buy and then resell at the higher value if there is a large disparity between the lowest sell order and the highest buy order. The less the disparity, the lower the likelihood of resell.

So, if you aren't in for the maximum profit you could make (which could take more time) then I've found it works okay to do as I outlined. If you want to make maximum ISK, then you need to really learn your market-fu.
ergherhdfgh
Imperial Academy
Amarr Empire
#12 - 2016-07-11 20:07:22 UTC
I kind of hinted at this before but for me; I buy stuff that I need and sell stuff that I want to liquidate. If I want to make isk on the market I'll pick an item or group of items and working on selling that or those item(s) in quantity.

Another way to say it is that I look at it from an isk / hour standpoint. So if I were to sit in station and babysit a bunch of small orders of loot that I got just to make an extra 10 or 20 million my time would likely be better spent just doing what I do best as I could easily make more isk than that in the same time frame doing something else.

However this is just a game and at the end of the day you need to do what's fun for you. Use the following equation to do the math breakdown on which direction to go:
Fun / Hour > ( ISK / Hour ) X 2

Want to talk? Join Cara's channel in game: House Forelli

Roenok Baalnorn
Baalnorn Heavy Industries
#13 - 2016-07-12 15:42:01 UTC
heres what i do with exploration loot. Though i dont particularly need the isk which allows me to be flexible.

1) When i have a sufficient amount of isk to be worth the trip, i run to jita using an astero(which is what i also run sites in). The cloak and near insta warp capability of my setup makes it fairly safe to move high value loot.

2) In jita i have a station container marked "sell". I put all my loot in this container except high value rare items( implants, blueprints, etc) and then stack the items.

3) I sell my high value items using sell orders for max profit. I also check any sell orders i have while in jita and update them.

4) Now the can items. I view market details on each stack of items.
4A) If the highest buy order for station ( in green at bottom) is within 10% of the current lowest sell order( top) in station, i sell the item.
4B) If the item isnt within the 10% range then it stays in the can.

5) I gather any supplies i may need and leave jita. Im usually gone for a couple of days to a week before i return with another load.
6) Rinse and repeat.


Playing penny wars is jita is an absolute waste of time. However it is almost always more profitable to haul your loot to jita rather than sell it locally. The prices difference can be anywhere from 10% to 40% difference on buy orders and even amarr will not have reasonable buy orders for everything so if you want to sell something immediately your going to have to take a ridiculously low price for it in most other hubs.
Caine Douglas
Perkone
Caldari State
#14 - 2016-07-14 17:41:14 UTC
Personally, I just sell immediately in order to fill out the buy orders in null sec. I get ISK in my wallet immediately where it's safe and it helps out my allies by giving them much needed parts at a low rate. Sure, it's probably a lot less but I still have a positive cash flow and can make more runs in a night. One good data and relic site will pay for my ship and fittings.

"Incoming fire has the right of way."

"The only unfair fight is the one you lose"

-The Combat Gospel according to Murphy