Still, i am on track to making July better than expected. So far in July my wealth has risen by 10.4bn isk, after paying 1.9bn to extend the account by 30 days.
Fast update, so here goes:
The Amarr trader is going for it. It now has 11bn isk of items up for sale and this is on a rising trend.
The Dodixie trader keeps plodding along, now regularly over 30bn isk of items up for sale.
I often come home to 3bn isk sales made. Lets assume i make 15% profit on that - see prior posts where i look at my target margin and take off the costs. Therefore, daily i should be making 450m isk. If that held then i would be making 13.5bn isk per month less the 2bn Plex costs. I.e. monthly wealth should rise by 11.5bn isk.
I suspect i will do exactly that this month.
I now have 600 surplus Plex. I aim to always have 500 surplus Plex to cover the account costs with out a last minute panic to buy the plex.
The 5.4bn isk in my wallet was fully invested in the market before i went to bed. Well almost. One of the courier contracts took a few hours to complete - so i posted just before i went to work.
Yet again, i report that Manufacturing plans has got nowhere fast.
Outlook
I am hoping i can do better in July compared to June. The aim was to be for 10bn isk increase in wealth (after paying for Plex) - currently i stand at 7.6bn isk therefore it feels fair to say that the 10bn target will be reached with a week to spare.
Other aims for July - all appear to be on track:
1) Continue to expand the Dodixie trader sell orders
2) Plex the account and build up some surplus Plex.
3) Build up the Amarr trading business
Current wealth is 37.6bn ISK made up from:
- items for sale 37.3bn ISK
- less a 20% provision 7.6bn ISK*
- Plex held (600 Plex) 2.4bn ISK
- items in storage for sale 0.0 ISK
- ISK in wallet 5.4bn 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.
I went for this again concentrating on dodixie and amarr and leaving hek and rens alone, I managed to get a list of things to sell and I guess I had about 1b up on each market place.
ReplyDeletewhat is killing me is th eupdating of orders. I find often that when i change the price it is often beaten within an hour which i find very frustrating. I think Ive made about 1.5b in a month.
Certainly not at your level (I cannot seem to find items above 300m that sell once or more a day or every few days)
I commend you for your patience in updating all those orders :) nto sure its for me though.
i spend about 20 mins a day updating my orders. one session in the late evening. Generally, about 5-10% of everything i have for sale is sold daily. Sometimes less. Very occasionally more.
DeleteGenerally there are about 1 or 2 other active sellers, the rest of the competition updates about once a week.
I don't sell anything popular. More focus on items that a player wants to buy occasionally - hence they are less price sensitive, the price is not well followed and the low volume of sales keeps the big competition away.
I am going for items that sell at least once every couple of days, i am having to change the prioce of everything that has not sold (not sure on my % of sales), ill have to try and time it.
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