Month end update - February 2025

I made 51bn profits in February 2025 from which i distributed 15bn this month.  Therefore, my wealth rose by 36bn to 2.212 trillion isk.

If i just focus on the 51bn profits then an above average month though below what i want this days.  That saic, real life getting in the way a bit and some serious competition coming into some of my markets.  And, whilst i am here, real life is getting in the way during March.

Distributions

These days, the aim is to distribute my profits to the Oz Tank Show or other ventures.

In February i distributed 15bn to the podcast Declarations of War to sponsor it for 24 episodes.

So far i have given 338bn to other Eve shows:

260bn isk to the Oz Tank Show

42.5bn to The Oz Show

20bn 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 1.298 trillion in the July 2023 - February 2025 period and distributed 338bn.

So that leaves 960bn 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.  The way i accounted for this was to say that the 130bn isk was an asset spent to buy Omega and as i made profits from skill farming i would reduce this asset.

In other words, skill farming would not contribute to increasing my wealth until i had made 130bn isk profits.

I achieved that goal in January and therefore all skill farming profits i now make is profit towards increasing my wealth.

The basic numbers for February

In February i had sales of 314bn isk vs January of 386bn.  So a fall of 19% and below my long term average of £325bn.  This reflects me being busy in real life, i suspect.

This comes to average daily sales of 11.2bn isk.  In other words, each evening i expect to see across all my accounts an additional 11bn isk (less transaction taxes) sitting on the characters to be reinvested back into the markets.

Item profits were 79bn isk which is a margin of 25% (79/314).  So at 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 27bn isk.  That takes the Trading Profits to 51bn isk and so a trading margin of 16.1% (51/314).  At the 16% target.

And then i distributed 15bn to the podcast Declarations of War.

So an ok month at best but below what i hope for.  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.  For example, i can post an item for sale in the main Rens Trading up for 300m, and even if one jump away the same item is for sale for 250m the item in the main Trading Hub will still be the item sold.

Therefore, i mostly sell Implants, Blueprints, ship equipment and some structure modules.  And more recently Large Skill Injectors.

What is selling well in February

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.

February was a right mix of sales.  Implant and Blueprints did ok, as did other items.  A generally broad level of sales.

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 am now making a fist of moving into this.

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.

Early days, i am making some profits and will update this blog as i go.

Ideally, i want to create a process that i can scale.

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 20bn 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 130bn.

Furthermore, i am buying Skill Extractors all the time and i hold Large Skill Injectors for sale.  Currently, these come to around 200bn.

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 439bn.

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 56bn.

Once i get a grip, Buy Orders will also increase as i ramp up the Station Trading in Jita.

Currently Buy Orders sit at 56bn which is part Skill Extractor Buy Orders and Jita Buy Orders to station trade items.

ISK

I have 207bn 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.

Assets not being used to create wealth

I really need to get a grip, if i add up inventory and cash then i get to over 600bn isk.  These are items that are not trying to be turned to cash via sell orders.

Some of it is part of Skill Farming as i stated above and some is to make my business more efficient.  Perhaps that is all to the good but it feels a right drag on my wealth creation potential.

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 2.212 trillion ISK made up from:

• Plex held as an investment 112bn ISK
• Items in hanger for sale 439bn ISK
• Items in hanger for use in business 11bn ISK
• Omega brought forward 0bn ISK
• Buy orders on the market 56bn ISK
• items for sale 1.73 trillion ISK

• less a 20% provision 347bn ISK*

• ISK in wallet 207bn 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.  The only exception to this rule is Blueprint Originals i use for manufacturing.  They are held at cost.

* 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.