Three main reasons for the slowdown.
One key constraint i have in growing my wealth is too much ISK sitting in my wallet. it is often over 3bn ISK and it is earning a nil return. Therefore, I have entered the skillbook market in Hek and Dodixie. It is a low margin market (c8 to 10% after all costs including hauling costs) but it is a steady income with less competition. I am building up the ISK investment but so far i have a few billion ISK invested in this market. so far it looks ok – the low margins and slow sales are offset by the low competition and hence it does not take up much time to maintain.
Dodixie Trader: business as normal really, using about 100 of its 141 active order slots, has about 7.4bn ISK of sell orders active which is up on the 5.5bn in the prior month and mainly driven by the entry into the skillbook market. The core trading (i.e. non-skillbooks) is holding the 20% operating margin after all costs. Will need to find new items to sell to replace the sub-system market it has largely exited from. Pays 0.80% broker fees to post an order and a further 0.90% sales tax on a successful sale. No longer training.
Hek Trader: now that it has almost completely exited the sub-system market its regional trading has slowed considerably and a key focus is to find new items to sell – infact, without a new market the hope of selling items at a margin over 20% in a meaningful way is low. Has about 6.8bn ISK invested in sell orders though much of that is in the lower margin skillbook business. Pays 0.80% broker fees to post an order and a further 0.90% sales tax on a successful sale. No longer training.
Just learning the ropes on manufacturing.
Moved out of Jita one jump away to Ikuchi. I don’t plan on staying at this location but for now it serves its purpose well.
At the moment i am manufacturing and selling standard industrial transport ships. Making good margins (over 20%) but low income. Not really got a feel for how much given it is early days. Still in the process of designing the spreadsheets.
I often have to make the trip to Jita and back hauling raw materials to undertake the manufacturing – but that is a 5 minute job at most, and low risk given i don’t haul much, certainly under 100m ISK at a time.
Relevant Skills trained:
less a 20% provision (2,861,346,652) ISK*
Buy orders 117,000,000 ISK
Items in production 29,517,128 ISK
Items in storage for sale 196,500,000 ISK
Items in transit 0 ISK
ISK in wallets 4,144,039,447 ISK
Expected business purchases in the next 30 days
Plex 530,000,000 ISK
I don't count assets I use in the course of my business such as ships, fittings etc nor do I add back any expenses such as skills purchased etc. The wealth I disclose is made up of items that are ISK or are in the process of being converted to ISK.
* I take a 20% provision against the items I am selling. Eve calculates wealth by adding up the value of the sell orders hence it is possible to increase your wealth by buying an item for 100m ISK and putting a sell order for 120m ISK (in this case your wealth would increase by 20m ISK). For me, I want my wealth to be calculated at cost until i finally hold it as ISK. I know that the value of my sell orders will likely fall over time as I update my orders downwards as competition reduces their prices before my items are sold. Hence the 20% provision is my best guess as to what cost is or at least the maximum reduction I would need to make to my sell orders as a whole before they are sold.