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Effect standings on profits
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Kurosaki Rukia
The House of Flying Stabbers
#1 - 2012-05-17 18:44:24 UTC
My first post on the forums, I hope I'm doing it right..

I've always been aware of standings and skills affecting buy and sell fee's. However I never really knew how much they effected my profits. My gut feeling was it was quite important but I wanted to know what their effect is exactly.

I created this little spreadsheet to play with to see the effects in action and it's quite interesting. I wasn't interested in the basic formula's since you can find them everywhere. This sheet shows the effect of standings on actual sales and profits.

Here it is for everyone interested:
http://eve-files.com/dl/254722

Some things I noticed, even if they're quite obvious if you think about it:
- Accounting / Broker Relations reduce the effect of standings on profits
- Bigger margines reduce the effect of standings on profits
- Little bit of standing really helps, high standing can be worth it in the long run.
- Standings are less helpfull if you're selling at a loss (well, because there's more isk involved in a loss compared to a profit)

It's nothing big or fancy, just something to play around to understand the effect of standings better.
I hope it's of any use to anyone.


Kurosaki
Debiru
Universal Fleet Operations
#2 - 2012-05-17 19:01:53 UTC
Standings play a big role, yes.

1% might not sound like much, but if you've got 5b in Sales. 1% is 50m. Lets assume a 10% profit from your sales. That 1% is really 10% of your total profits. And 1% is a generous value. If you have no standings you're going to have more to taxes, even with Accounting and BR 4. Without Accounting/BR 4 and no standings, you really aren't going to turn a profit. With just the skills you get good profits, but to get great profits, you have to combine your standings with those skills.
Rykker Bow
Center for Advanced Studies
#3 - 2012-05-17 19:20:09 UTC
Aye, for a trader standings are very important.

I always found Thoraemonds graph helpful. Here's a link for anyone who has not seen it yet

Tax graph

The Mjolnir Bloc - Lowsec PvP for the sophisticated - The Mjolnir Bloc Killboards
Pinstar Colton
Sweet Asteroid Acres
#4 - 2012-05-17 19:53:57 UTC
If you have some skill in Connections, it is worth doing 1 mission for the corporation that owns a trading hub station, if only to get your skill to kick in. Serious traders would do well to actually rep grind trade hub corps to further improve their margins.

In the cat-and-mouse game that is low sec, there is no shame in learning to be a better mouse.

malaire
#5 - 2012-05-18 06:58:46 UTC
Pinstar Colton wrote:
If you have some skill in Connections, it is worth doing 1 mission for the corporation that owns a trading hub station, if only to get your skill to kick in. Serious traders would do well to actually rep grind trade hub corps to further improve their margins.

Connections doesn't affect Broker Fees because calculation uses unmodified standing (see graph linked above).

Also, for rich traders [Service] The Standing Correction Agency might be usefull alternative to grinding standing yourself. (I used that to buy 5.0 Caldari Navy standing for my Jita Alt.)

New to EVE? Don't forget to read: The Manual * The Wiki * The Career Options * and everything else
malaire
#6 - 2012-05-18 07:02:16 UTC
Rykker Bow wrote:
Aye, for a trader standings are very important.

I always found Thoraemonds graph helpful. Here's a link for anyone who has not seen it yet

Tax graph


Nice graph, but it is about "Broker Fees", not about market tax.

New to EVE? Don't forget to read: The Manual * The Wiki * The Career Options * and everything else
Thoraemond
Far Ranger
#7 - 2012-05-18 12:33:10 UTC
malaire wrote:
Rykker Bow wrote:
Aye, for a trader standings are very important.

I always found Thoraemonds graph helpful. Here's a link for anyone who has not seen it yet

Tax graph


Nice graph, but it is about "Broker Fees", not about market tax.

Well, being specific, there isn't anything I pay in New Eden called "Market Tax".

When I post standing buy or sell orders, I pay something that is recorded in my Wallet Journal as type "Brokers Fee", and when I sell things through the market, I pay something that is recorded as Wallet Journal entry type: "Transaction Tax" (with a note saying it's "Sales Tax").

It's true that my graph only deals with Broker Fees, but that's the only part of the transaction costs that are affected by standings.

I found that because Sales Tax is affected only by the Accounting skill, and can thus have only one of six values (1.0, 0.9, 0.8, 0.7, 0.6, 0.5), people tend to find that one a lot easier to understand, and no graph dealing with that tax was really necessary.

• Graph re Market Order Broker Fees (Updated 2016-04-28) • Diagram re Skills for Remote Trading •