I made 74bn profits in January 2025 from which i utilised 9bn of my skill farm (more of that below). No distributions this month. Therefore, my wealth rose by 65bn to 2.176 trillion isk.
If i just focus on the 74bn profits then this an above average month. Real life getting in the way a bit and some serious competition coming into some of my markets.
The big news in January is that i have now covered the cost of the June 2024 Omega / MCT deal such that my skill farming is now pure profit for the next 6 months.
Distributions
These days, the aim is to distribute my profits to the Oz Tank Show or other ventures.
Nothing new in January.
So far i have given 323bn to other Eve shows:
260bn isk to the Oz Tank Show
42.5bn to The Oz Show
5bn to the podcast Declarations of War to sponsor it.
13.2bn to the Nth_Dimensional Twitch show
1.6bn to the Raff_About_It show
The Oz Tank Show started in July 2023 and i have generated profits of 1.246 trillion in the July 2023 - January 2025 period and distributed 323bn.
So that leaves 923bn isk to distribute to some venture(s).
It is early days but the Oz Show is considering having some of its tycoons sponsor a new Corporation. Lets see.
Six Omega Accounts to pay for / Skill Farming
In June 2024 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.
This also took me into Skill Farming for the first time.
I spent 130bn isk on all that - and so how to account for this? Basically, i could either say that was 130bn spent in one month or i could spread the cost of the 130bn over a timeframe (which is how i have always accounted for Omega bought that lasts for longer than a month).
Accounting for the MCT / Omega Deal
I went for the option of spreading the cost of the 130bn over a time period.
The 130bn bought me a 12 month Omega for 6 of my accounts and 12 months of MCT for 2 characters per Account.
As i skill farm i will generate revenues by selling Large Skill Injectors.
The way i have decided to account for this is to:
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 profits made. This will mean i will not earn any profits from my Skill Farming until the 130bn asset is exhausted.
During January i fully covered this 130bn. Therefore, from here on in my Skill Farming activities will be pure profit making. I hope to make 130bn isk over the next 6 months from all this.
This was a brilliant deal. The bottom line is that i got 12 month Omega for free and 130bn profits.
The recent deal we saw was also good. Given my accounts are Omege'd out to June / September i did not go for it. I am hoping at around that time another deal will come along.
The basic numbers for January
In January i had sales of 386bn isk vs December of 516bn. So a fall of 25%.
December was my best month ever by a long way, so 386bn in January is not too shabby. That said, real life was getting in the way so perhaps it could have been better. The long running average is 330bn.
This comes to average daily sales of 12.5bn isk. In other words, each evening i expect to see across all my accounts an additional 13bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.
Item profits were 110bn isk which is a margin of 39% (110/386). So above the 25% target. There will be an upwards distortion from Skill Farming in here which may actually mean that my normal business was running below 25% - that would not surprise me, there was heavy competition in places.
Taxes and Courier fees came to 37bn isk. That takes the Trading Profits to 74bn isk and so a trading margin of 19.1% (74/386). Above the 16% target.
Then we have 9bn Skill Farming Asset amortised to take me to 65bn profits
So an ok month. Could have been better had real life not gotten in the way.
What is needed to get wealth to rise to 100bn in a month?
In some ways, i am there now - lets see if i can get this to work.
I would need to make daily sales of 18bn on my 25% item market - that has never happened.
Therefore, to achieve 100bn profits a month i need to do one or some of three things.
1) Increase my item margin above 25% - possible but a risk.
2) Keep on doing Skill Farming - for the next 5 months i will be earning pure profits from Skill Farming, so this will be done.
3) Expand into station trading - i sort of do that but not to any big deal. So this is possible.
4) Expand into manufacturing - which i mean to do when i get time. The interview with Sir SmashAlot on the Oz Show was inspirational.
My Sales Strategy
I am putting more effort into designing spreadsheets using the Eve Excel Addin to both make my online time more efficient and find those items to sell in the Regions quicker.
This is allowing me to move faster each night. Currently, i can now see which of my trades need updated and go straight to them rather than cycle through all trades. I can also see which sales have been made so i can see if i can replace them. I can also see what items i can buy from Jita Sell Orders to put up for sale in the trade hubs and make my target margin.
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.
These items also tend to be price insensitive - players will buy the item almost whatever the price. The Buyer is much more interested in getting the item to use now rather than setting off to Jita to get it cheaper.
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. And more recently Large Skill Injectors.
What is selling well in January
I am seeing quite intense competition in Implants in some of my trade locations - like the competitor will reduce the price by 5-10% a shot. And also seeing competition in Blueprints in some trade locations.
Overall, January was much like September, October and November but with the added competition from above.
Ship Equipment: doing fine over a right old range of items - afterburners, armour repairs, shield repairs, weapons are the main staples.
Blueprints: these continue to plod along and generate good income for me; mostly ship blueprints and some other capital items. Whilst they are a nice source of income they are also the slowest sellers. Every week i am updating a price of blueprints to prevent them getting over 90 days old on the market.
Implants: still do well though i have noticed a keen competitor or two in the main trading hubs. My experience with Implants is that they sell by the family - i.e. the alpha / beta / delta / epsilon / gamma / omega implant all sell to the same buyer at once. So they can be good earners when they occur. This is definitely a slowing market for me.
Mining equipment: almost nothing sold other than a few high priced items. The competition is all over this.
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.
That said, the Oz Show had a great interview with Sir SmashAlot where he talked about his manufacturing activities to the tune of making over 1 trillion profits per month! And the author of the blog I wanna be a Trillionaire, so frickin' bad... has moved into manufacturing and is making a good job of it.
That has made me think more about giving manufacturing a shot and so i logged back into old characters to bring them into the fold and so that i can start again on manufacturing.
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. And i am not focusing on this for now, so only 15bn sales.
I don't really have a process up and running that is scalable.
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 have 1 Alpha account with a character in Venal left. All the others were upgraded to Omega last summer to start Skill Farming.
I also added another character to that account and am training it up to 5m skill points. The idea here is to get another set of Alpha Accounts ready for Skill Farming sometime in the future if needed.
Plex
At the start of September i bought 8000 Plex at around 5.3m each. The main reason for doing this is to have a store of plex ready in case of any deals on the NEX store that comes along. I now have 18,300 Plex.
Items in hanger for sale
There are a number of items that i sell that can only be sourced from Regions outside of The Forge (the home of Jita).
I used to have these items couriered directly to the trading location to sell but that has proved to be tedious over time.
Therefore, i now have the items couriered to Jita and stored. When a trade location needs one of these items to be sold i can then courier them from Jita - a much easier process to handle.
In effect this means i am couriering these items twice - once to Jita and once to the trade location. Therefore, i add the additional courier cost to the Sale's price.
I also hold some BPOs + minerals + other items in inventory.
All that comes to around 155bn.
Furthermore, i am buying Skill Extractors all the time and i hold Large Skill Injectors for sale. Currently, these come to around 179bn.
And finally, the old characters i logged back into came with around 110bn of items in their hangers. I should start dealing with this to turn it into ISK.
What it means is that items in Hangers used to be 20bn but is now 444bn (this also now includes Skill Extractors and Large Skill Injectors).
Buy Orders
Buy Orders have varied over time and peaked at around 80bn as i was also buying Skill Extractors. However, i now have enough Skill Extractors for a few months so i have slowed down and so the Buy Orders now 64bn.
Once i get a grip, Buy Orders will also increase as i ramp up the Station Trading in Jita.
Currently Buy Orders sit at 64bn which is part Skill Extractor Buy Orders and Jita Buy Orders to station trade items.
ISK
I have 133bn spare ISK kicking around.
For the last 12 months the average ISK in wallets has been over 100bn compared to around 50bn before this.
The reason for his is purely real life being busy and so not having the time to make sure everything is invested.
It feels a waste - i should have as much as i can invested. I have Plex ready for any NES deals that come along.
2 trillion wealth
Before i got to 1 trillion wealth, 2 trillion was the next aim.
But, it just got boring watching my wealth rise so i set myself the task of giving everything above 1 trillion away.
However, my wealth is now 2 trillion despite giving away 323bn and taking a provision of 324 bn. If neither of these things had been done then my current wealth would be 2.9 trillion isk.
Current Wealth
Current wealth is 2.176 trillion ISK made up from:
- Plex held as an investment 111bn ISK
- Items in hanger for sale 444bn ISK
- Items in hanger for use in business 11bn ISK
- Omega brought forward 0bn ISK
- Buy orders on the market 64bn ISK
- items for sale 1.77 trillion ISK
- less a 20% provision 353bn ISK*
- ISK in wallet 133bn 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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