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Have I been cheating myself out of ISK?
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Private Ramierez
#1 - 2012-01-17 04:56:21 UTC
I've been trading for months without even considering the impact of my alt's lack of standings. Is this something important that i've overlooked or should I not worry about it? I really dread the thought of mission grinding as the whole reason I started a trade alt was to avoid running missions.

Halp. =/
KrakizBad
Section 8.
#2 - 2012-01-17 05:03:13 UTC
Kinda but it has probably not cost you tons. If you want to squeeze every last isk, then yes, grind away. I wouldn't.
Private Ramierez
#3 - 2012-01-17 05:04:56 UTC
KrakizBad wrote:
Kinda but it has probably not cost you tons. If you want to squeeze every last isk, then yes, grind away. I wouldn't.


Not really concerned with getting every last nickle and dime. Just wanted to know if most traders operated with high standings and I had somehow missed that day in eve trading 101.
KrakizBad
Section 8.
#4 - 2012-01-17 05:09:22 UTC
I operate in nullsec so in my own space my standings are 10. When I do empire trading, I don't care about the little bit lost for not having them.
Tekota
The Freighter Factory
#5 - 2012-01-17 07:52:35 UTC  |  Edited by: Tekota
With broker relations skill at V your broker fee will be 0.75% when setting up a buy or sell order.

The best achievable standings (10/10 with faction and corp) when coupled with broker relations skill V will see that fee drop to 0.19% (rounded).

That's a little over half a percent difference applied at both the buy order and sell order stage and whilst it won't be costing you tons, base standings alone may prevent you from participating in some of the more razor thin markets.

That said, it's also worth bearing in mind sanity and opportunity cost - getting 10/10 standings will be a rather long and tiresome process so instead it's probably worth just giving standings some attention till you get to a broker fee percentage that you're comfortable with.


edit: quick addendum - if your trading alt currently has no standings whatsoever, that is has never done a single mission or shot a single belt rat then it might be worth keeping things that way. Characters with no standings whatsoever can occasionally be handy things to have around when looking at corp standings for POS options.
Kara Books
Deal with IT.
#6 - 2012-01-17 08:18:10 UTC  |  Edited by: Kara Books
Private Ramierez wrote:
I've been trading for months without even considering the impact of my alt's lack of standings. Is this something important that i've overlooked or should I not worry about it? I really dread the thought of mission grinding as the whole reason I started a trade alt was to avoid running missions.

Halp. =/


Most traders is a bad term, what you want to do is become one of the few traders.

If you become a serious trader, soon you will find yourself with 20+ billion ISK invested, your goal will be to flip 50 billion per month at a 5% target profit margin.

If you where to have perfect skills you would pay something like 4% total on buy and sell orders.
if you atleast did a half arse job, you could knock this down to 2.5% for a total diference of 1.5%

Simple MATH:
50,000,000,000 X 0.015 = 750,000,000 (750M ISK per month)

50bil times .01 = 500M isk per month

even 50bil with half a percent savings comes to 250
Tekota
The Freighter Factory
#7 - 2012-01-17 09:03:41 UTC
Keeping things simpler still:

Ignoring, for afore-mentioned simplicity, that the sell order broker fee will be fractionally higher than the buy order broker fee (because you'll be selling for a higher price than you bought at) we can see the following:

No skills, no standings:
Sales tax applied once at 1%, broker fees applied twice at 1% = 3% total (or 1.5b on a 50b trade)

Perfect skills, no standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.75% = 2% total (or 1b on a 50b trade)

Perfect skills, middling standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.4% = 1.3% total (or 650m on a 50b trade)

Perfect skills, perfect(ish) standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.2% = 0.9% total (or 450m on a 50b trade)
DelBoy Trades
Trotter Independent Traders.
Disaster Strikes
#8 - 2012-01-17 11:58:07 UTC
I had wondered about this too, I was considering hiring a mission runner who advertises in the "Sell" forums as a standings booster to run me all the way up to 10/10. Does anyone know if Connections has any effect or does it have to be your natural, unaltered standing that gets to 10?

Damn nature, you scary!
Private Ramierez
#9 - 2012-01-17 12:13:57 UTC
Tekota wrote:
Keeping things simpler still:

Ignoring, for afore-mentioned simplicity, that the sell order broker fee will be fractionally higher than the buy order broker fee (because you'll be selling for a higher price than you bought at) we can see the following:

No skills, no standings:
Sales tax applied once at 1%, broker fees applied twice at 1% = 3% total (or 1.5b on a 50b trade)

Perfect skills, no standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.75% = 2% total (or 1b on a 50b trade)

Perfect skills, middling standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.4% = 1.3% total (or 650m on a 50b trade)

Perfect skills, perfect(ish) standings:
Sales tax applied once at 0.5%, broker fees applied twice at 0.2% = 0.9% total (or 450m on a 50b trade)


Cheers mate. Puts it into perspective nicely.
malaire
#10 - 2012-01-17 12:32:58 UTC
DelBoy Trades wrote:
I had wondered about this too, I was considering hiring a mission runner who advertises in the "Sell" forums as a standings booster to run me all the way up to 10/10. Does anyone know if Connections has any effect or does it have to be your natural, unaltered standing that gets to 10?

Unmodified standing - nice graph here:
http://go-dl1.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20110417.png

New to EVE? Don't forget to read: The Manual * The Wiki * The Career Options * and everything else
Levija Saplina
Ken Interplanetary Communication
#11 - 2012-01-17 12:38:05 UTC
malaire wrote:
DelBoy Trades wrote:
I had wondered about this too, I was considering hiring a mission runner who advertises in the "Sell" forums as a standings booster to run me all the way up to 10/10. Does anyone know if Connections has any effect or does it have to be your natural, unaltered standing that gets to 10?

Unmodified standing - nice graph here:
http://go-dl1.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20110417.png


I just thought about rainbow tables and came.
DelBoy Trades
Trotter Independent Traders.
Disaster Strikes
#12 - 2012-01-17 12:51:36 UTC
FU Connections V

Damn nature, you scary!