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Thursday 22 December 2022

No year in review video for combined accounts?

The year in Review Video is out

It seems this year that the "year in review video", or "this year in Eve" as it is known, was for all of Eve and highlighted the top 3 Corporations under various categories.

Furthermore, an email of stats of your perceived main account is being sent to the player base.

A useful discussion of all this is on the forums including Dev input: general discussion with Dev input and Dev Announcement

But different format to last year

What we don't appear to be getting is a video that combines the stats of all accounts (and so all the alts) on one email address like we did last year.  Nor does it seem we will be getting an email with those stats.

That is a shame.  For most of us who play Eve with more than one Account we do this because these Accounts compliment each other and are part of our overall gameplay in Eve.

For example, all my Accounts are part of my business ventures and i would not look at any single Account or Alt in isolation to get a fair review of my year in Eve.

I am not a coder but presumably it is not a terribly hard thing to do to aggregate the data across several alts and Accounts and present via email?

The stats i track

I keep a track of some of my stats.

Over the last 12 months (November 2021 to November 2022) i have done:

Sales 3.1 trillion ISK
Profits 834 billion
Taxes paid 228 billion
Courier Fees paid 62 billion
Plex to Omega paid 48 billion

Increase in wealth 487 billion ISK

Monday 19 December 2022

40bn ISK to invest

I currently have 40bn ISK to invest.

And i really need to invest it.  The only thing i know about that cash pile of 40bn ISK (which is about 6% of my assets) is that it will still be 40bn tomorrow.

I am about where i want to be in my six trading hubs and Jita - so expanding these locations with additional products is not an option.

therefore, my options are:

Expand further into manufacturing - but i am struggling to really get this going in the time i allow myself

Lend it out - how on earth do i do that?  What collateral do i accept?

Invest it like Oz - but that is not a skill i am good at

Bite the bullet and create a new Omega Account with alts in two new locations - tempting.  My alts at Allentene and Arnon look the best bet.


I will think about this and take action over the Christmas weekend.

Saturday 17 December 2022

Holiday trading - surprisingly good

I was on holiday for the first two weeks of December.

I took a laptop (more on that below) and tried as best i could to keep trading.  Almost kept up to once a day - i reckon i managed to to 75% of the days.

The Results

To my great surprise my wealth increased by 40bn isk before plex costs.  I honestly think i may have made a mistake but i checked the numbers and they are all correct.

If, and this is a huge if, this continues then December could be a record month (and saying that perhaps means it won't be!).

One headwind is that whoever was selling blueprints in Jita took a month or two off and has just returned.  I had the market to myself in several areas.  But no more.

Using a laptop

Very slow, my laptop only has 16GB memory and i had to replace the screen which cracked on the flight out.  The only replacement screen as a higher resolution touch-screen which i think taxed the memory and GPU a bit.  Perhaps i need to update the driver.

The real killer was not having a mouse - that really slowed things down - and was a schoolboy error on my part.

And trying to operate off one screen was tough - too much alt tabbing between spreadsheets, evetycoon and Eve which then taxed the GPU as it tried to reload the Eve screen.

Really simple things like creating a contract took a minute or so.


I stuck to high value items such as blueprints and implants.  The laptop being slow did not really lend itself to messing around with lower priced items.

And i had to spend more than 45 minutes and i ignored the alpha accounts.  I also only looked at alts who had made sales, i did not update prices from alts that had made no sales.

Next steps

i have a whopping 83bn isk in cash to invest.

If i find that after setting up Sell orders to replace items sold that i still have plenty of isk left then i will look into upgrading another couple of alts to Omega.

Monday 12 December 2022

Month end update - November 2022

As at the end of November 2022 my wealth is 666bn ISK after paying 4.9bn to upgrade to Omega for another 30 days for three accounts.  My Wealth increased by 69bn in November.

This is my best month ever.  And therefore the last three months have been the best three i have had, increasing my wealth by 185bn isk.

Quick Summary

Much like September and October, i was pleasantly surprised how strong November was.  I am often seeing daily sales of over 10bn (which is daily profits before Plex costs of over 1.6bn).

Overall sales were up 18% to 402bn - that is a montly record for me.  Definately at lot of price inflation going on here where the items i sell are in short supply at jita and often i am the only one selling these items in the other Trade Hubs.

Blueprints were noticeably strong in November, as they were in October.

My item margin was a nice 27.4%.  So above the target 25% though as was the case in October a bit below the 28-30% being hit recently.  Again, I suspect the pull back in margin was due to the higher than normal sales of Blueprints which tend to come in at exactly 25% margins.

Competition is definately lower through demand seems to be recovering through October and November.

In the last 12 months i have made sales of 3.1 trillion isk and profits (after everything including Plex) of 487bn isk having spent 48bn on Plex.

The overall aim of what i do is to increase my wealth by at least 10bn per month.  So far i have beaten that in 20 / 27 months i have been running this venture and indeed in all of the last 16 months.


I continue to come on once a day to update Sell orders and replace items sold.  About 30-45 minutes.  Getting closer to 45 minutes these days.

I am experimenting with Manufacturing and Planetary Interaction.

Over 95% of my sales and profits still come from Regional Trading.  So far 3% comes from Manufacturing and 1% from Planetary Interaction - more on those two in coming posts.

Target 1bn profits per day after all taxes and plex costs

I have now achieved this aim for the last five months.  Was not expecting to.  If history is a guide, the last three months of the year are normally the strongest.  So i should be getting profits after plex of over 30bn isk for October, November and December.  So far in October and November i have done noticeably better.

Target daily sales required to achieve 1bn profits per day

In summary, i generally need to make 7.5bn sales per day assuming my item margin is 25%

As the cost of plex rises then my daily sales requirement also rises.

On the current taxation levels to make 30bn ISK per month i would need to cover:
 - Plex costs of 3 x 500 x 4.7m = 7.1bn
 - Courier costs 2% of sales (i.e. = purchase cost + collateral)
 - Broker Listing fees 1.5% of sales
 - Broker re-listing fees 0.3% of sales (lets assume all sales changed at least five times per month)
 - Transaction Taxes 3.6% of sales

That all works out at 225bn monthly sales will generate profits after all costs including Plex of 30bn isk. = 7.5bn daily sales.

Bottom line is that assuming i make my 25% profit margins then each 1bn of sales creates profits of 164m and these go towards buying Plex for the Omega accounts and whatever is left is reinvested in the business.

Looking at some sensitivity analysis

- if my item margins were 28% instead of 25% then i need only make 192bn isk of sales (or 6.4bn per day)

- if Plex rose from 4.7m to 5.0m then then i need to make 228bn isk of sales (or 7.6bn per day)

Review of the November aims

1) Plex the three omega accounts - aim number one all the time - achieved

2) Hold sales in Dodixie to flat - achieved

3) Hold sales in Amarr to flat - failed, sales fell 11%

4) Hold sales in Rens to flat - failed, sales fell 15%

5) Hold sales in Hek to flat - achieved

6) Hold sales in Sobaseki to flat - achieved

7) Hold sales in Tush-Murkon Prime to flat - failed, sales fell 63%

8) Increase the investment and profits in Manufacturing - achieved

9) Continue to investigate Planetary Interaction - achieved

In all, the November aims were mostly achieved.  A good month.

Reminder of my Current Business.

For now 95% of what i do is inter-regional trading - buying from Sell Orders in Jita to sell elsewhere.  The rest is made up from Manufacturing and Planetary Interaction.

For Trading i focus on slow moving but high margin items.  That keeps me away from fierce competition and i only need to sell an item once every 10 days to make good income.

For this side of my business, lets call it Merchanting or inter-regional trading, i want to generate profits of 10bn ISK per month after paying to Plex my account.  Given i now have six Omega alts in Amarr, Dodixie, Rens, Hek, Sobaseki and Tash-Murkon i am hoping that this 10bn aim will be easily achieved.

My business model evolves over time.  As my wealth increases i focus on higher value items.  Therefore, i try also to stick to the rule of making a minimum of 100m profit per item sold.  i.e. if i buy an item for 70m then i aim to sell it for at least 170m isk.  This makes sure i don't waste my time on making low absolute profits and so preserves the 45 minute rule.

My main business is operated with three omega accounts (paid for with plex) with nine alts.

The main Trading alts sit in Dodixie, Amarr, Rens and Hek.  I have also omega alts in the new Trading locations of Sobaseki (in Lonetrek) and Tash-Murkon Prime (in Tash-Murkon).

The other three alts sit in Jita and buys from Sell Orders, has these items couriered to the alts in Dodixie / Amarr and Rens / Hek and Sobaseki / Tash-Murkon Pime who then put them onto these markets for sale.

The Jita alts also serve to sell items that i can no longer sell in my trading locations  Sort of clearance sales.

I also started in December 2021 to place alpha alts in other regions to see how it goes.  I just need two of them to demonstrate that they can combine to justify an Omega account.  Also, they need to take up very little of my time.  So far the Sobesaki and Tash-Murkon alts made the grade and were upgraded in one account.  Arnon and Alentenne are getting close.

The other regions so far are: Placid; Verge Vendor; Essence; Citadel and Khanid.  And i am in an NPC station in Delve and Outer Ring.  I have just started in Venal.


I have been looking at increasing sales in Jita for a few months.  Focusing on blueprints and any items i manufacture in Jita.

I also do a little station trading in Jita (see below)

In October i did 30bn sales and in November i did a record 103bn sales.  In fact, Jita was my best trading location and the first time i have done over 100bn in a location.  I never expected that.

I beleive this is down to the Paragon system.

Station Trading

Also in Jita i have started station trading.  Sticking to my normal items - so little competition and slow moving.  It is a slow a steady income stream.  I will stick with it for now.  May expand to my other omega trading locations.


I am now five months into my Manufacturing project.  It is slow but i did make 2.8bn profits - so it covers the cost of an Omega account which is the aim.

More in a later post.

Planetary Interaction

I am still experimenting for now, getting to understand it all.

I have abandoned the idea of extracting from planets in High Sec - i just could not extract enough to make it work.  At best with three alts operating six planets each i could make 1bn isk per month for the cost of an extra 45 minutes every three days.

I am now experimenting with factory planets only.  So buying the raw materials, shipping them to the planet and then taking away the finished product.

It is hard work getting the raw materials to my factory planets - mainly because there is not enough on sale around the universe.

I have some ideas and will expand in a later post.

Other High Sec Trading Locations

I don't want to spend all my time on Eve doing Regional Trading (buying from one region, mainly Jita, to sell to another) but i do want to see if i can find really low competition but stable revenue streams of trading.

The current alpha account regions so far are: Placid; Verge Vendor; Essence; Citadel and Khanid.  And i am in an NPC station in Delve, Outer Ring and now Venal.

The alpha trading locations made combined sales of 14.9bn which is down from the 16.5bn made in October.

This has really gone nowhere for a number of months - so once i nail down Manufacturing and Planetary Interaction i will need to revisit this.

The good news is that it takes barely any time to maintain.


I want to experiment with selling in null/low Sec.  Hence, i have found an NPC station in Delve and started experimenting with items to sell.

It is not going well - sometimes threatens to improve but then fall back again.  In November there was only 1.2bn sales.  Over the last ten months there have been 18.8bn sales in total.  Hopeless.  There must be a way to crack low/null sec . . . . . but i have yet to find it.


I am aim to store up to 6 months of Omega for each of the Omega accounts which would mean buying 9000 Plex.

Following the Omega offer in September i used the Plex i had to buy Omega stated up to the end of the year and then sold the rest.  Following the end of the offer, when Plex went back to more normal prices i bought 3000.

Over time, i will buy another 6000.

A minor accounting point

In September bought 3 months worth of Omega accounts (i.e October - December) for 14.9bn (usual cost would have been 20.3bn).

The way i account for this is to consider than 14.9bn an asset for September.  In October i expensed a third of it and so hold 9.9bn as an asset, and then 5.0bn in November.

Therefore, in my accounting i recognise a cost to omega my accounts of 5bn per month.  The normal cost would be 6.6bn.

The alternative accounting treatment would have been to recognise the 14.9bn as a cost in September and then no cost in October to December.

Analysis of Trading Profits

In total i made 402bn ISK of sales in November which made me item profits of 110bn ISK.

(item profit is the simply difference between sales done vs costs spent buying products, so before fees and taxes.  Because i don't yet invest in items other than Plex i don't make any allowance for items still in stock - in part because i don't track the cost per item spent).

Overall, sales rose by 18% in November which reflects a mixed bag in my main trading locations of Dodixie (up a bit), Amarr (down a bit), Rens (down 15%) and Hek (up a bit).  The main driver of the sales growth was the 103bn sales in Jita (up from 30bn in October).

Sobaseki doubled to 33bn whilst Tash Murkon fell 63% to 12bn.

Dodixie was the second best sales location followed by Amarr, Rens, Hek, Sobaseki and then Tash Murkon.

From all these sales i made item profits of 110bn.

This therefore was an item margin of 27.4% (110/402) vs my target of 25%.  This is another good month for margins.

My trading margins had been in the 25-27% range since April 2021 having before that been in the 28-32% range.  So September (and June / July / August) was an outlier to the upside.  October returned to this range as did November.

Manufacturing sales were 11.6bn, all in Jita, which is up 13% on October.

From this I then need to take a whole series of costs off before i get to my Business profits (and notice how they are more related to Sales rather than costs):

Courier Fees: i aim to pay 2% of sales value to the Courier = 2% x 402= 8.0bn

Sales tax cost me 15.2bn ISk (=3.78% of sales) - the Dodixie, Amarr, Rens, Hek Sobaseki, Tash-Murkon and Jita characters are level 5 in Accounting (=sales tax of 3.6%) and of course all the alpha alt accounts are only Level 1 (=sales tax of 8%).

Broker Fees costs me 12.0bn (=3.0% of sales).  Now, i can break this down into the initial listing fee of 1.5% (because i am Level 5 Broker Relations on all Omega characters and lets to make the sums easier and include all the alpha alts) and therefore the rest is the cost of changing the price which is 0.30% a shot (i may have that 0.30% completely wrong!).

So, Listing Fee = 1.5% x 402= 6.0bn and so the Relisting Fee = 12.0-6.0 = 6.0bn which is 1.5% of sales.  That shows that i do change prices quite often, bias to Amarr.

This takes my 'Business Profits' to 74.1bn ISK for November vs 61.0bn in October.  This is what 30-40 minutes a day in November gave me.

So, the post-tax margin is 18.5% (74/402) and so i achieved the 15% target.

The omega charge was then 5.0bn (see above in Plex section)

That, therefore, is the road map from 402bn sales to 69bn increase in wealth.

Items i am selling in Dodixie, Amarr, Rens, Hek, Sobaseki and Tash-Murkon

I sell blueprints, skill books, implants and ship equipment.

Blueprints are making a steady come back and this continued into November - they are lumpy sales and slow, but that's how i like it.  They can also be my slowest selling items and the items most likely to go 90 days without being sold.  I generally sell one blueprint at a time though i am seeing the odd occasion where someone comes along and buys all the same type out at once.

Mining equipment is slowing as more traders enter this market but is still making decent profits.  I suspect this is one of my lowest sales item group now.

Implants are doing ok and tend to be the most competitive - i am slowly expanding into more types and moving up the ISK value curve.  I now keep to implants costing over 100m ISK and up to 2bn ISK.  They don't sell well but when they do i tend to get a whole family sold at a time.  Again, that's how i like it.  A billion or so of investment can take 30 days to sell.  I am seeing more instances of whole family's of implants being sold at once.

Skill books are now my lowest income generator for me but there are still a few nice sellers.

Ship Equipment is doing well.

Rigidly sticking to the 25% margin target.  Courier fees and taxes now take 9% of that to bring me to a theoretical 16%.

Courier Contracts

Each night, i get home from work and determine what i need to sell in all the locations.

The time is taken changing prices were necessary (especially Amarr given it is competitive) and then figuring out what to sell with the ISK made from the prior 24 hours sales.

I have a list of items that feature regularly and i add to this list as time goes by.  So is a case of checking Jita prices vs current location prices.

It takes a minute to check all the alt accounts.

To look up prices in Eve I am using Eve Tycoon which seems to have more of the latest items in its market browser.  I used to use evemarketer but i just got used to Eve Tycoon.

Each night i courier about 5 to 15bn ISK of items from Jita.  Used to be 2-10bn but things are better these days.  The total cargo volume is 10-250m3 per shipment.  So small but valuable items.  But this allows the couriers to use small, fast ships with much less chance of being ganked.  So there is always someone willing to pick up the contract quickly.

I pay a generous 1.5 to 2.0% of collateral as fees.  I am more interested in getting my items onto the market quickly than penny pinching on distribution costs.


Deember will have nine very conservative aims - I don't think i can grow my sales at the moment and i will be away for the first two weeks.

1) Plex the three omega accounts - aim number one all the time

2) Hold sales in Dodixie to down 40%

3) Hold sales in Amarr to down 40%

4) Hold sales in Rens to down 40%

5) Hold sales in Hek to down 40%

6) Hold sales in Sobaseki to down 40%

7) Hold sales in Tush-Murkon Prime to down 40%

8) Hold the investment and profits in Manufacturing

9) Continue to investigate Planetary Interaction

The daily sales in November averaged 13.3bn.

Current wealth is 666bn ISK made up from:
  • Plex held as an investment 14bn ISK
  • Items in hanger for sale 13bn ISK
  • Omega brought forward 5bn ISK
  • Buy orders on the market 9n ISK
  • items for sale 746bn ISK
  • less a 20% provision 149bn ISK*
  • ISK in wallet 27bn ISK

When i add up my wealth, 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 or are used to generate isk that can be readily resold back onto the market.  Any ships or skills or fittings etc i buy are counted as expenses in that month.

* 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.