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selling extractors - newbie

Author
Ficus McCloud
Plate Number
#1 - 2016-08-14 11:31:38 UTC
i purchased some aur and i would like to sell 15 extractors (not necessarily all together).

i have still to redeem the 10+5 extractors, so i can go any place to sell them without risking their transportation.

since it is quite a big sum of money (at least for me), i have a few questions:

1) going to eve central, i see that minimum sell orders range from 240m in forge region to 285m+ to other regions (for example placid). so i would say that if i go to placid, i can get 45m more from each, but i suppose the number of buyers is lower and i risk not to sell any extractor. where do you suggest to go?

2) citadels have user fees. should i use one of those to sell my extractors? how do i find the "cheapest/placed in the best spot" citadel in a region?

3) it is possible to sell the extractors to a private and avoid the market fees: any suggestions on how to find a possible buyer? other than spamming in local chat, which is full of scammers :/
Careby
#2 - 2016-08-14 12:29:36 UTC  |  Edited by: Careby
Ficus McCloud wrote:
i purchased some aur and i would like to sell 15 extractors (not necessarily all together).

i have still to redeem the 10+5 extractors, so i can go any place to sell them without risking their transportation.

since it is quite a big sum of money (at least for me), i have a few questions:

1) going to eve central, i see that minimum sell orders range from 240m in forge region to 285m+ to other regions (for example placid). so i would say that if i go to placid, i can get 45m more from each, but i suppose the number of buyers is lower and i risk not to sell any extractor. where do you suggest to go?

2) citadels have user fees. should i use one of those to sell my extractors? how do i find the "cheapest/placed in the best spot" citadel in a region?

3) it is possible to sell the extractors to a private and avoid the market fees: any suggestions on how to find a possible buyer? other than spamming in local chat, which is full of scammers :/


1) You got it. The tradeoff between higher potential prices but lower volume and slower turnover exists, and if quick sale is important, go where the volume is. In your situation I'd recommend looking at the prices in the four major hubs and redeeming at the one that appeals to you the most. On the other hand, with increased volume comes competition, so you may have to manage your orders more actively in a hub. Of course, PLEX are generally more liquid than extractors, so if fast turnover is really important to you, sell the PLEX instead.

2) If you are placing sell (or buy) orders, you will pay a broker fee. Selling in a citadel can save you a percent or two on that fee. Use the structure browser in the neocom business menu and search for Fortizar structures in the region. Then hover your cursor over the market icon for that structure to see the broker fee % charged by the owner. If you are selling to buy orders, you pay no broker fee, so in that case there is nothing to be gained by trading in a citadel unless the highest buy order is located there and not ranged to include other stations. Sell orders in citadels may or may not fill as quickly as sell orders in popular NPC stations. In my experience players seem to be willing to come to the citadel to buy if it will save them an appreciable amount of isk.

3) Yes, private contracts can save you broker fees and taxes, but you lose the convenience of the market system. If you don't already have a buyer, this is not likely to be a very efficient method. If you have the time and inclination, you can always ask for buyers in local chat, but most people will assume you are trying to scam them.

4) For quick sale, sell to a buy order. You'll save time and you'll save the broker fee. You'll lose the margin spread, but that's the trader's profit and in some places it's pretty thin anyway.

5) A forum post in Market Discussions that appears to be a request for advice on how to sell an item might work to find buyers for the item, but of course that would be an abuse of the forum. That's what the Sell Orders forum is for.

6) Buying 15 extractors with AUR means you are overpaying for 5 of them. You are competing with sellers who buy multiples of 10 at a time. If that's an acceptable loss for you, then worrying about a percent or two in margin or fees is unproductive.
Toobo
Project Fruit House
#3 - 2016-08-14 13:59:41 UTC
If you are 'newbie' as you mention, I would be very cautious in transporting them to hub yourself, especially place like Jia. Be cautious of suicide ganks in high sec. If you are moving 15 extractors all together in a t1 haulet ship there is a high chance of gank.

Also, if you sell to buy order, make sure you check the time to 'immediate'. The default sales action does not set it to immediate sales, which will make you pay for unnecessary broker fees. There is simply no reason to pay broker fee if you sell it to buy order, so make sure you check the sell time option

Cheers Love! The cavalry's here!

Ficus McCloud
Plate Number
#4 - 2016-08-16 09:03:17 UTC
thank you for the answers.

in the end, i decided to go to hek (265m minimum sell order according to eve central) and sell 5 of my extractors there. when i arrived there, i discovered that 265m sell order was the lowest in the region only limited to npc station: in a user fortizar station extractors were being sold at 248m :-/

i decided to sell there anyway, as i supposed that also in other places could have user stations not displayed in eve central, so i could not check the actual buy/sell orders.

anyway, in hek there is quite few people selling extractors, and we keep lowering our biddings by 0.01/1k isk continuosly. i am doing this in a clone with no attributes implants and without any ship/L3 agent around, so basically i cannot do anything and my skills grow slowly only to lower the sell order twice a day.

what do you suggest me to do? jump clone somewhere else and leave the order as it is, or keep lowering the sell order? i am not willing to fulfill a buy order, as they are about at 210m and it is a really lower value.

one last question: in two weeks my subscription will end, and i will not renew it for about a month. During this month my buy/sell orders remain in place, correct?

Careby
#5 - 2016-08-18 06:48:56 UTC  |  Edited by: Careby
Ficus McCloud wrote:
...in a user fortizar station extractors were being sold at 248m :-/...

...we keep lowering our biddings by 0.01/1k isk continuosly...

...i am not willing to fulfill a buy order, as they are about at 210m and it is a really lower value...

...one last question: in two weeks my subscription will end, and i will not renew it for about a month. During this month my buy/sell orders remain in place, correct?...


First adjust your expectations regarding extractor trading. There is an unlimited supply of extractors available, anywhere, for 800/3500 (0.2286) of a PLEX. This is the cost to the traders you are competing with. The cost of selling varies with your skills and standings, so if yours are not as high as your competitors, you are at a disadvantage. In addition, your competitors selling in a fortizar are paying a lower broker fee on their orders than those selling in a station. All of this means you are not going to make much, if any, profit on your trade.

Your broker fee is paid, and you cannot get it back. So there is no reason to move the extractors somewhere else and pay a new broker fee. You have three reasonable options: leave your order as is and hope for PLEX prices to move up, play the .01 isk game and hope your order is on top when someone buys, or cut your price significantly and hope for a quick sale.

Your order will remain active until it is filled or expires, even if your account expires first.

Don't be discouraged - you are learning what it means to be a trader, and even if you lose a little isk you can chalk it up to education.
Do Little
Bluenose Trading
#6 - 2016-08-18 08:35:48 UTC
When skill extractors were first introduced a lot of players used them to respec their characters. That is pretty much finished and the main market is skill point farmers who create injectors. These people tend to be more price sensitive.

When choosing a market, always check the price history tab in the market tool. Volume for skill extractors in Metropolis seems reasonable for the number of units you are looking to sell but the Fortizar market in system is offering a 10 million ISK discount. That's a big enough saving to overcome the inconvenience of flying to the Citadel. If you want to sell quickly you will need to consider the Citadel part of your competition and set your price closer to what they are asking.

This will hurt your profit margin - as a new player your brokerage fee was probably 3% compared to .1% at the Citadel but this is a sunk cost - don't move your product. Trading on weekdays is apt to be thin - if you price competitively on the weekend your product should sell.

Ficus McCloud
Plate Number
#7 - 2016-08-18 12:26:37 UTC
thankfully the extractors were sold yesterday at 248m, it didn't go so bad (although it was different than selling them at 265 as i initially thought).

right now i am still in hek to place some buy orders for skillbooks, as i'm not in a hurry for any particular skill and i prefer to spend less and wait some time: i have finished my 53 buy/sell orders slots, so waiting for them to be fulfilled to place the last buy orders, then i can continue playing normally.

thank you for your suggestions!
Ficus McCloud
Plate Number
#8 - 2016-08-29 19:17:49 UTC
i keep asking here as i don't think it is worthy to open a new topic only for this question: i have some buy/sell orders in the fortizar in hek, which i cannot modify because "market service is unavailable" (fortizar name says they are at war).

- is this the default 6 days delay or the owners can suspend trading for any amount of time they wish?
- i suppose the best thing to do is to wait for the orders to be available again and not to cancel them/ recreate them (they are valid in a 5 jump range), correct?