Recall that in the month of April my wealth increased by 7.3bn. So far in May my wealth has risen by 2.2bn though that does include spending 2.2bn in Plex to extend the playtime by 30 days.
Either way, this is proving to be a slower month than hoped and that was because in one week i was not really around and so not many sales were made. It does appear i have to be one once a day to update my orders to stand the best chance of making decent sales.
Two more weeks to go in May - lets see if it improves.
Real life is conspiring to keep me away so the ramping up of the manufacturing alt is much slower. So slow in fact, that i have a mere two item for sale in Amarr . . . . . . lets see how that goes! I have my fingers crossed that i can slowly build up my Jita - Amarr trading.
The Dodixie alt is still doing all the work. One change i have made is to go back to items i was buying for say 20m and selling for 35m, or buying for 35m and selling for 54m. I had moved on from those but i am finding the next step of buying items for 150m and selling for 199m is slow work. Also, buying items for 600m and selling for 750m is slow work. Competition is bit more fierce than i had expected, to be honest.
I have even gone back to buying items for 3m and selling for 6m - but buying 10 at a time. So far, i am finding that all 10 sell at once making a nice 30m profit right there.
Still paying 1% of the collateral as fees for the courier contracts. Works a charm.
Current wealth is 12.5bn ISK made up from:
- Items for sale 15.4bn ISK
- less a 20% provision 3.1bn ISK*
- Plex held (0 Plex) 0bn ISK
- Items in storage for sale 0.0 ISK
- Items in storage for manufacture 0.0bn ISK
- ISK in wallet 0.4bn 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.
I thought I would give this a go myself but in Rens (to not tread on your toes) I must admit i am struggling to find items that both have an OK sales history AND make good isk per item, I thinking ive made about 130m profit in a 7 to 10 days.
ReplyDeleteSticking with implants and boosters but not skills. I know rens is not as good as dodixie in terms of trade but still cannot help thinking that i am doing something wrong here.
I never really found Rens a great place in my prior time either. Very slow market.
DeleteAlso, i am reading back through your older posts. Are you finding the business pretty much the same as before. With the rens trader I have set up I dont think I am reaching 20% profit on most items which is why I think ive only made the 130m as in the first post.
ReplyDeleteDo you ever take items to the trade hub aht has no sales history or has no items in market, or do you stick with items that meet x number of sales over a period of time as well as the markup that you want?
Things seems a little different to before. If anything, a little slower.
DeleteI sometimes trial selling items that have no trade history if i think i can make a market. Normally though i is because there are no items for sale and when there were i can see that there were sales. I don't get greedy, stick to the 20% target range.