EVE New Citizens Q&A

Hello everybody! Emkayu again, I've been posting recently with little helpful tips to get started in trading, but the one major thing I forgot is that to actually trade properly you need a (for a noob) considerable amount of liquid ISK.

I said "Make it So!" and wrote an article on how to quickly get some ISK together to start trading!

How to get ISK to start Trading in EVE Online

I'll have to eccho the others, this guide isn't very good and needs a rewrite.

May I ask, why you play the game in the first place if you rather like being AFK doing RL stuff?

If it bores you, then DO NOT DO IT! IT'S A GAME NOT A JOB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


Buy a PLEX or a GTC and use this capital instead.

Man, you guys sure are harsh on a new guy just trying to help out....

Okay, looks like a rewrite is on order, again like I said in the OP, it's only based on my experience, what I've been doing in my 1 month of EVE, clearly you guys understand a lot more about the game than me and I respect that, will definitely repost here once I've rewritten the guide, by the way have you guys check out the video on the site?

Funnily enough everything you just said happened in the past few hours, got can flipped, bought a giant secure can. I'm definitely going to look into a rewrite, possibly just focusing on mission running. Thanks for the feedback regardless, it's stuff like this that compels me to write better guides.

First off ... people shouldn't take advice about mining from mission runners ...



Next if you want to be a trader - you could try trading to build your capital. It will give you practice, experience and a greater familiarity with your area.


One method ... is to pick something that there's a good bit of trade volume to ... say Veldspar ... then jump around to the various regions near your trade hub. Compare the prices. If you find someone who is selling it for a good bit below what someone has placed buy orders for - you can buy up that guys stuff and sell it to the guy with the better price. Then - take the profits you just made and use them to buy more stuff and then sell that.

By filling another players buy orders - you are not making as much per sale as if you placed sell orders yourself - but - you are getting a rapid turn around on your investment. You can do that several times fairly quickly and hence rapidly build up your capital making smaller profits in minutes instead of larger profits in days.

Once you get your capital built up and can buy large amounts of things - then you may want to put up Sell Orders for them. People who are looking to buy large amounts of things - like it when you offer them in large amounts. That way - they don't have to go traipsing about EVE in their Freighter gathering a load and are often willing to pay a little more to save them the time of doing so.

Eventually, you might become a Station Trader who just sits in your station looking over the market - buying things that are under priced and re-selling them for more. The trick there - is recognizing what things will sell for - so that you know what is over priced, what is under priced and what is being sold at a good price by a competitor you're going to have to deal with if you chose to trade in the items they are selling.

Stuff that is under priced - you can just buy up (depending on the volume and how fast such items move) and then resell it at a higher price - right where it's at.

Stuff that is over priced - you can under bid and take the market from them. If they try to buy you out - as long as you are selling at a good price - you can just keep feeding them until they choke on what they've bought from you. Here you need to have a ready supply of items to sell them - so that buying you out - doesn't give them enough time to sell any of the things they bought from you - before you jump back in with another batch at a good bid.

Stuff that has a good price - you can do neither - so either avoid that item, sell it else where - or be prepared for a .01 ISK bidding war. Here - you want to buy some of the competitors goods - so you know who they are - then flag them in your address book so you know when they are on. If they come on - under bid you and then mess around for a while - you can wait until they log off - then put in your lower bid - and you will get all the sales instead of them until they log back in - at which point you do the same thing.


Experience will tell you what a "Good" bid is.

You don't want to try and gouge people to deeply - as they won't pay those prices ... or a least not a lot of them will. Charge to much - and they'll go look else where - and find what they want at a much better price. If you have a good price that most people will pay - then you can sell many more items and make more money than if you were gouging people.


Obviously - if you are under pricing your items - you are selling them for less than you could - at a good sustainable rate.


Be aware of the mineral value of things. Spread sheets help here as mineral values change. If you can make more by recycling an item and selling the minerals - then you can do that - but - you need good skills to do that - and you need to keep in touch with the prices of the minerals you're going to get from recycling - not what it took to build the thing.





Things to look out for are when building capital through filling buy orders:

1) Is there more than one buy order you're going to be able to fill at a profit on what you're paying for your goods? If not - you could buy a bunch of stuff - jump back to where the guys buy order was - and find that someone else has filled it. If there isn't another buy order that you can sell your stuff to - you can't turn it around and will be stuck with that inventory until you can sell it - or have to sell it at a loss to recover some of your capital. Basically - have a Plan B as to how you're going to deal with what you are buying - before you buy it.

2) There may not be any such deals for any specific item ... say Veldspar ... so you may have to look at other items.

3) When you see deals like this - you need to jump on them right away as you're not the only one doing this.

4) Don't invest everything you've got in anything. Always keep a reserve.

5) Warp to Zero at the gates.

6) Stay out of Lo Sec if you are a new trader. When you Set Destination - look at the colors of the little dots representing your route - if any of them are orange or red - change your route or give up on the idea. Once you're a veteran - then you can go down to Lo Sec if you want - just make sure you've prepared yourself before doing so to cope with what's down there.




Again - the advantage of raising your capital this way - is that you're learning about trading while you're doing it.

Its the same thing with mining or mission running.

You don't really want to mine to fund mission running - or run missions to fund mining. At different levels - you may well be able to make more money doing one than the other - but you're learning nothing about your intended activity while doing so - and experience counts for a lot.

.

Hello Emkayu Goffish,

Thank you for your interesting guide. I am sure that the Community can help you with some good hits to improve it even further.

As you already pointed out, the start up capital is the crucial point. If you can gain 3% profit on your wallet per week, then it is a nice amount if have 100 bil in the wallet. But if you own only 1 mil, then it is not that much.

Probably a quick way to earn some money is by learning how to salvage and then work together with some level 4 mission runners to salvage their missions.

You are one month into the game and writing a blog that's titled "How to make billions"?

I like your spirit :)

well, except for the mining part, of course. Don't mine, that's what we traders have our people for. ;)