I made 68bn profits in June 2024. There was no Oz Tank Show and so no distributions were made. Therefore my wealth rose by the 68bn to 1.603 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 2023 and i have generated profits of 739bn in the July - June period and distributed 260bn.
So that leaves 479bn isk to distribute to some venture(s).
Six Omega Accounts to pay for
So, there have been some big changes here.
Up to now for a long time i had 4 omega accounts to fund. All these accounts were traditional - 1 character in Jita and 2 characters in trade hubs. They all participated in my Regional Trading strategy.
This cost me around 8bn per month.
In June i went for the MCT / Omega deal and have now pre-funded 6 accounts (so the 4 omega accounts and 2 alpha accounts) for 12 months.
Accounting for the MCT / Omega Deal
I spent 130bn on getting a 12 month Omega for 6 of my accounts and 12 months of MCT for 2 characters per Acocunt.
As i skill farm i will generate revenues.
So, how to account for all this?
I will hold the 130bn on by Balance Sheet and as i sell the Skill Points into the market will will reduce the 130bn by the same value.
I.e. if in one month i sell 10bn of skill points then i will reduce the 130bn by 10bn, so net effect on my wealth will be zero. So, the effect of selling skill points will not generate me any profits until the 130bn is used up and then it will generate profits. I expect to generate profits in 6 months time from selling skill points.
The basic numbers for June
In June i had sales of 392bn isk vs May of 369bn. So a rise of 6.3%.
It comes to 13.1bn sales per day.
Item profits were 112bn isk which is a margin of 29% (112/392). So, again, profitability is good. Better than the 25% target i set.
As always, the key point here is that to grow profits i need to grow sales. The profitability i make is good
Taxes and Courier fees came to 36bn isk. That takes the Trading Profits to 76bn isk and so a trading margin of 19.3% (76/392) which is better than the 15% i target.
Then add in the 8bn plex cost to Omega 4 accounts takes me to 68bn profits made in June.
What is needed to get wealth to rise to 100bn in a month?
Lets assume i only get the 25% item profit margin that i target . . . .
To get 100bn isk of an increase in wealth before distributions i would need to make daily sales of 18bn isk.
I am pretty sure i wont get there sustainably on the current strategy so i am putting my mind to how else to earning isk.
What i am selling
The market was ok in June above average.
My strategy is to Buy from Sell Orders in Jita to sell in the trading hubs in other Regions.
I don't sell consumable items such as ammunition given they tend to be high volume and very competitive. That includes ships.
I rarely sell items used as components in manufacturing because the end buyer tends to be cost conscious (and armed with spreadsheets) and able to manufacture the items themselves if market prices are too high.
I sell items that are in low supply and sell very slowly. These items tend to have very low competition - sellers want to get cash quickly and so don't bother in these items. If i put an item on the market and it sells in 15 days that is fine with me.
I sell items that are typically bought to kit a ship as a player progresses or has to replace a destroyed ship / pod.
Each month i sell 20-30% of what i had to sell at the start of the month.
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.
And in the secondary trading hubs Amarr / Dodixie / Rens / Hek buyers will not travel even one jump to buy a cheaper item.
Therefore, i mostly sell Implants, Blueprints, ship equipment and some structure modules.
Where is it all selling?
Amar shot the lights out with sales of 116bn though that was not quite a new record. Dodixie was 75bn isk - so below the average - and a fall of 15% on May.
So, when i said the market was ok, what i really meant was the market was quieter but Amarr did the heavy lifting
Rens was 4bn isk of sales which is also below average but Hek was 52bn which is nicely above average
Sobaseki was 37bn which is above average and Tash Murkon was 25bn which is also above average. And so again the cost of he Omega is easily covered for this account.
Arnon did 4bnbn and Alentene did 6bn, so this time did not cover the cost of the Omega.
These 4 Trading Hubs literally take minutes to look after. The real time is spent on Amarr and Dodixie, and then Jita.
Jita sales were 32bn (that's Station Trading + Manufacturing), so below average.
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.
But so far i manufacture items that sell for over 1bn isk. My favourite items are where the Blueprint Original costs >10bn and there are no Copies in the Contract Market. Sort of makes me feel i have the market to myself.
Planetary Interaction
For now, i have stopped trying to make this work.
Research
For now, i have stopped trying to make this work.
Station Trading
All in Jita. This is going ok. Sales were 32bn which is below average.
Usual story - 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.
What i don't do is Investing. I.e. i don't buy an item now i think is cheap and hold onto it to sell it a few months later when the price has risen.
Alpha Accounts
I run them slowly. I have characters in 6 other locations but i am winding them up slowly.
Current Wealth
Current wealth is 1.603 trillion ISK made up from:
- Plex held as an investment 0bn ISK
- Items in hanger for sale 122bn ISK
- Items in hanger for use in business 11bn ISK
- Omega brought forward 140bn ISK
- Buy orders on the market 43bn ISK
- items for sale 1.51 trillion ISK
- less a 20% provision 302bn ISK*
- ISK in wallet 78bn 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.
