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Not Seeing PI Profit

Author
Lewis Ranieri
Caldari Provisions
Caldari State
#21 - 2014-08-15 01:20:20 UTC
As long as you are being smart about it, Hi-Sec PI is definitely profitable. Unfortunately buying P1 off the market and stopping at P2 or P3 is not "being smart about it".
Laura Wombara
School of Applied Knowledge
Caldari State
#22 - 2014-08-15 16:22:07 UTC
Gor Yo wrote:
Najenna wrote:
You wont make much of a profit if any profit at all buying T1 off the market. The profit comes in when you are milking the planet yourself for the T1. Unless your putting up buy orders for your T1 components you aren't going to make any type of real profit. Hope that helps.



wrong! I buy all p1 from the market and make stuff from it and 9 planets bring in about 700-800mil per month. just need to do some research. for the OP:
1) get your trading skills, accounting and broker relations specifically, as high as you can bother to get. since your profit is the margin, taxes become very important, more so if you just produce stuff.
2) get faction and npc corp (which owns the trade hub where you buy/sell stuff) as high as you can. they affect broker fee, which you will pay twice if you get stuff from buy orders and sell from sell orders.
3) buy p1 from buy order and sell from your own sell orders. it takes a little longer, but it is worth it.
4) check POCO tax rate and train customs code expertise. customs taxes will eat up the majority, if not all, of your profits.
5) research the market. at some times, producing certain goods is indeed at a loss to your wallet, even with taking care of all of the above.


Guess I gotta grind fer a while.....(ick)
Nick Starkey
Native Freshfood
Minmatar Republic
#23 - 2014-08-15 18:38:01 UTC  |  Edited by: Nick Starkey
Highsec PI is actually very profitable. You just have to

a) make factory planets instead
b) find planets with low tax (10-11% after skills)
c) produce the right stuff (spreadsheets will help here)

It's not consistent as prices will vary day to day (requires setting orders up, stocking up supply when cheap, knowing how the market works and researching on what you produce, etc), but it's not unreasonable to make upwards of 40-70m isk a day with 1 character if you know what you're doing.

I've made a signature. I hope you're enjoying it. www.evetrademaster.com - web based asset manager & profit tracker

Christopher Mabata
Northern Accounts and Systems
#24 - 2014-08-15 18:58:48 UTC
Laura Wombara wrote:
Gor Yo wrote:
Najenna wrote:
You wont make much of a profit if any profit at all buying T1 off the market. The profit comes in when you are milking the planet yourself for the T1. Unless your putting up buy orders for your T1 components you aren't going to make any type of real profit. Hope that helps.



wrong! I buy all p1 from the market and make stuff from it and 9 planets bring in about 700-800mil per month. just need to do some research. for the OP:
1) get your trading skills, accounting and broker relations specifically, as high as you can bother to get. since your profit is the margin, taxes become very important, more so if you just produce stuff.
2) get faction and npc corp (which owns the trade hub where you buy/sell stuff) as high as you can. they affect broker fee, which you will pay twice if you get stuff from buy orders and sell from sell orders.
3) buy p1 from buy order and sell from your own sell orders. it takes a little longer, but it is worth it.
4) check POCO tax rate and train customs code expertise. customs taxes will eat up the majority, if not all, of your profits.
5) research the market. at some times, producing certain goods is indeed at a loss to your wallet, even with taking care of all of the above.


Guess I gotta grind fer a while.....(ick)


Actually if you go with that thats like 2 weeks tops, trade skills to accpetable levels only take 3 days or so. I used to have a maxed trade alt that did nothing but play the market and i saw profits day 1 with no skills. it just gets better with age per say

♣ Small Gang PVP, Large Fleet PVP, Black Ops, Incursions, Trade, and Industry ♣ 70% Lethal / 30% Super-Snuggly / 110% No idea what im doing ♣

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