I made 71bn profits in January 2024. There was no Oz Tank Show and so no distributions were made. Therefore my wealth rose by the 71bn to 1.248 trillion isk.
Distributions
These days, the aim is to distribute my profits to the Oz Tank Show or other ventures. Watching numbers go up once i got to a trillion wealth is somewhat boring. Hence, my wealth will barely increase and any monthly surplus will all be given away at some point.
So far i have given 260bn isk to the Oz Tank Show.
The show started in July and i have generated profits of 384bn in the July - December period and distributed 260bn.
Four Omega Accounts to pay for
Keeping 4 accounts on Omega cost me 7.0bn isk in December - that is as a result of taking advantage of the Omega / Plex deals when they come along every 2 months or so.
The basic numbers
In January i had sales of 401bn isk vs December of 289bn. So a good increase of 39%. January was a buoyant month from start to finish.
Item profits were 117bn isk which is a healthy margin of 39% (117/401). So, again, profitability is good. Much better than the 25% target i set.
The key output point here is that to go profits i need to grow sales. The profitability i make is good.
Taxes and Courier fees came to 39bn isk. That takes the Trading Profits to 78bn isk and so a trading margin of 19.4% (78/401) which is better than the 15% i target.
Then add in the 7bn plex cost to Omega 4 accounts takes me to 71bn profits made in January.
What is needed to get wealth to rise b 100bn in a month?
Average Sales per Day was 13bn isk and Average increase in daily wealth was 2.5bn isk (2.3bn after omega costs).
To get 100bn isk of an increase in wealth before distributions i would need to make daily sales of 18bn isk.
What i am selling
No change here. Same as usual - Implants, Blueprints, ship equipment.
I have a rule that the minimum profits have to be 100m isk. It is no use me buying items for 5m to sell them for 15m. The profitability may be great but that won't move the dials. That said, it is surprising how many items i can buy for 120m from Jita Sell Orders and sell for 220m in the other trading hubs. At that isk level, players re-equipping don't care about spending an additional 100m isk to save time.
Blueprints are doing better. They are by far the slowest item i sell and the most common i need to update to avoid them being taken off the Sell Order after 90 days of being unchanged.
Implants are doing well though there is becoming a general shortage of some like the Harvest Blueprint. As a rule, the niche mining equipment items are in general short supply which i believe reflects rising demand from new / returning players whilst supply takes a while to catch up.
Ship Equipment is ok though nothing to write home about.
Where is it all selling?
For the first time Hek was the best sales location doing 63bn isk of sales. That is a massive rise of 187% on the 22bn sales in January. I doubt i will repeat that in February.
Dodixie and Amarr both did around 60bn with Jita close at 59bn.
Overall, all the Omega Trade hubs showed sales rising nicely except Dodixie which was flat and Alenetene which was down 15%.
The secondary Trade hubs (Alenetene + Arnon and Sobaseki + Tash Murkon) continue to justify being Omega status with estimated profits before Plex of 6bn and 14bn respectively.
Manufacturing
I do this opportunistically and i don't keep track of it. I don't (yet) do it systematically but i need to get a grip. I am sure there are many items i sell in the Trade Hubs that i could manufacture in Jita and so get a better in price vs buying them from Jita Sell Orders.
Planetary Interaction
Started this up again to remind me how it works. Following the changes to volumes, i can keep my planets going for a long time before i need to pick anything up.
The ultimate aim is to do this in low or null sec.
Research
I am experimenting with this to see if i can get it off the ground. The idea comes from a video by Strange Net where he discusses how he makes money from BPOs. It requires the use of the Contract Market which i am not a fan of.
Most of my Omega Characters can do this - so that's 12 Characters i could throw into this.
Station Trading
All in Jita. This is going ok. Picked up in January to 59bn isk of sales which is healthy levels.
I still really need to ramp this up but again i don't yet have a systematic way of going about it. Similar story to Manufacturing.
My idea of station trading is not buying items when they look cheap. For me, station trading is about sticking to the slow moving items and quite often i am the only person in Jita trying to sell an item. Almost always Selling for over 1bn isk.
Alpha Accounts
They have all now stopped trading. Other than Arnon and Alentene, all the other locations show little promise at this stage. I will keep them on but they will be dormant for now.
Current Wealth
Current wealth is 1.25 trillion ISK made up from:
- Plex held as an investment 0bn ISK
- Items in hanger for sale 35bn ISK
- Items in hanger for use in business 11bn ISK
- Omega brought forward 28bn ISK
- Buy orders on the market 18bn ISK
- items for sale 1.35 trillion ISK
- less a 20% provision 271bn ISK*
- ISK in wallet 73bn 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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