Science & Industry

* Pay by amount mined works for both veterans and newbies.
Look into something called mining buddy

Another possibility for tax is to just charge member dues monthly bi weekly instead of taxing on the ore straight up.

p.s: If your isk is being tied up your taking contracts that are probably to big to fill for you. and you should accept more smaller ones to keep the isk flowing.

Yes, by contract work I mean Hi-Sec mineral acquisition. The contracts we have now are large for us, no doubt - but it's keeping a good bankroll going, just not every day... once per week or so.

I've tried mining buddy, never got to like it though. The spreadsheets I've developed (*quite extensively* I might add) contain all the data pertinent to our operation. It's not that I *can't* track how much ORE is produced, it's that we collectively agreed on the method currently being used.

I'm not against our method - I'm just trying to improve pay-times and keep the instant gratification flowing. When a member is owed ~80mil and that same member is eyeing a Hulk purchase, the pay cycle can seem unbearable.

It is a cash flow problem. Now you know why businesses need short term loans such as commercial paper. Or your corp needs more assets. Even with more assets, sitting on the cash may not be the wisest use of capital. If your short term borrowing rate is less than your return on the equity you employ then you should keep your wallet empty and keep your equity working.

Btw, if any of you guys want to come down to Winmatar space and mine, I'll buy all the ore you can pull at reasonable prices, you don't have to haul it either, just dump it at a station and go back out to the belt.

Positive feedback and ideas, all. Thank you.

I'll be the first to admit that we need more miners to properly deliver on the contracts. One contract is a weekly contract by nature, and it takes almost half the week to fill it at our current membership level. The price on the contract is quite comfortable, so I would be remiss to turn it down.

Nobody is complaining about income, yet. It's just the forward-thinker in me that is creating solutions in advance of upcoming problems.

The Corporate Take isn't being spent at all - we are trying to pad the wallet as much as possible so we can begin to get aggressive with recruitment and ship loan programs.

Greater Jita area, like most hi-sec corps. We're not experiencing stiff competition locally, outside of the usual anti-Carebear harassment. It's been said before: Hi-Sec mining is really cake right now.

I suggest you take smaller contracts at the same time as larger ones, to provide some cashflow while you fill larger ones.
Otherwise, pay the miners when the corp gets paid. Commission-based rather than wage-based.

Also, a question. Why are you mining for OTHER people? Why not just cut out the middle man and manufacture stuff yourself? You'll see more of the profit, and faster.

You can always mine more ore than a single character will use for manufacturing, even with perfect production skills when producing ammunition. It takes few minerals and a lot of time. I find that I just can't produce fast enough to use it all. The ship market isn't all that profitable. And stepping up to capital component production is costly. So you end up selling minerals.

Jacob Chieve, I myself am starting to get into production. If you have free time I would like to talk about making use of your services. I am located in the area of Jita so the product would not have to be moved far.

Contact me in game or by evemail. I'm US TZ BTW

-Radelix

We just pay people for whatever ore they mine. It's up to them how much to drop in a contract at once, but we make sure we're fast about accepting them. In that way, it's similar to solo miners who have to decide when to stop mining and haul their products to market.

And in response to the guy above, we try not to have "for the corp" mining ops. Unless your corp directly gives its members something substantial ("a chill place to hang out" doesn't count) you're going to have people asking "what's in it for me?"

If capital is really that much of a problem, you can pay them a bit less for these ops than you would normally.

But frankly, if capital is a problem, you need to look at your sources of income more closely.

1. Get orca pilot.

2. Have orca lead the mining opperation.

3. Have him tractor beam in each players jet can.

4. Have him keep track of what is pulled in with each player using window mode and a spread sheet.

5. Have corp take small cut ((5% or so)). 10% is too much for miners.

6. Have orca take % of ore after tax income based on the number of players in the fleet.

7. Have orca give all the miners the ore they mined at the station you are opperating from.

Done. On to the next.


If your group manufactures:

Post contracts for corporation at buy order levels from your local market for the minerals you need.
Corp mates won't mind selling at buy order prices if they know it helps the corp.
Build the stuff your miners use. Ships/lasers/drones.
Sell the items produces to corp members at less then market sell orders.
Now they feel even better about the tax and selling of minerals to the corp.


Populism at it's finest




What to do if all noobs and have no orca?

If you want to run a few smaller scale things look into GSC's in a couple of systems.
Setup 7 or so per belt.
Different password per belt and assign the belts.
Pickup the ore in them yourself or use a trusted corp hauler take a cut for hauling ((10% roughly)) and a cut for corp ((5%)).
Contract them the rest.


Make it all optional! Have your corp tax match your mining tax.
Give better discounts on ships/parts to those who are most involved to encourage people to join the fleets.
Recommend a 3 tier system and only adjust price by 5% between them.
Something like: 1% below lowest sell order in area for new members. 3% for vetrans. 5% for those who take leadership roles.