Quick weekly update given i did a month end update on Friday
I am holding 500 Plex whcih i will need to use to pay for additional time in the next few days. Therefore, i will have to buy another 500 Plex again during the coming few weeks. Hence, that is an additional cost of 2.2bn isk per month to cover.
Manufacturing alt - still training for tier 2 rigs. Also, i am not short of ideas to sell into Dodixie so i don't really have the isk available to plough into manufacturing yet.
Second account is training to trade in Amarr and fly into low sec to pick up cheap items for sale in highsec.
Courier Contracts - generally contracting about 1bn isk of goods a day to travel from Jita to Dodixie. For one contract i pay 1% up to 1bn and then 0.5% for each 1bn up to 2bn and then 0% for the rest. i.e. i pay 10m for a 1bn contact, 15m for a 2bn contact and 15m for a 3bn contract. They generally get done immediately or within a few hours.
Dodixie alt - doing all the wealth making right now. I will need to find time soon to put some additional items on the watch list to sell.
Current wealth is 11.6bn ISK made up from:
- Items for sale 10.6bn ISK
- less a 20% provision 2.1bn ISK*
- Plex held (500 Plex) 2.2bn ISK
- Items in storage for sale 0.0 ISK
- Items in storage for manufacture 0.2bn ISK
- ISK in wallet 0.7bn 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.
Keep up the good work,
ReplyDeleteto answer your other post. Manufacturing in citadels can help with dealing with taxes and certain rigs can make the production more time/material efficient.
ah, thanks for that Blake. Will look into it. Just started my first trial run today in one rig item in a NPC station.
DeleteI have a question, do you run a high inventory on one item or do you spread out as many as possible and then replenish as needed?
ReplyDeletei dont carry any inventory of items i am selling - i replenish as necessary. I want all my isk to be deployed on the market rather than sitting in hangers.
DeleteSorry I meant do you carry a multitude of one item in a sell order or just 1 of the item since it's a slow mover
Deleteah, i see. Just one of each item for sale at the moment. It is very rare that someone comes along and buys more than one of the items at a time. So i want to spread out my chances of getting a sale. Also, i do sometimes run into dry periods where no trade is made in an item for days on end.
DeleteCroda, are you still doing this... i've noticed it has been some days since you posted last and I am interested in what you are doing.
ReplyDelete