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Saturday, 25 May 2013

The weekend is a key selling time

. . . . . . and it starts on Friday.
I came home from work with 114m ISK in the wallet from sold items – my biggest wallet amount yet.  I may be selling slow moving items but as my list of items to sell grows then i always know that i will be selling items overnight and during the day.  In a  24 hour period many of the blueprints are not undercut.
So, I took a trip to Jita to restock (yes, risked flying back with a cargo of almost 100m ISK) to take advantage of the Friday night buyers.
Had supper – logged back in and 85m ISK in the wallet from items sold.
So, another trip and back to Jita to restock.
I currently sell 47 items, out of a maximum 53 active orders i can have up.  This will soon be a constraint and so i have started learning Retail 5 which will give me an extra 8 allowable orders and also allow me to start to learn Wholesale which allows 16 additional orders per level.  Learning Retail 5 will take 9 days though.
Current wealth is 386,765,824 ISK made up from:
  • items for sale 452,234,631 ISK
  • less a 20% provision 90,446,926 ISK*
  • items in storage for sale 3,010,000 ISK
  • ISK in wallet 21,968,119 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.  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 the maximum reduction I would need to make to my sell orders as a whole before they are sold.  In an ideal world I would value my sell orders at the value which I bought the items for.

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