So, I have 3 accounts, divided thusly:
Account 1
Main - member of Pandemic Horde, all rounder, has the most combat skills
Amarr Seller - sits in Amarr, sells implants and modules brought by Rens trader. My most profitable seller
Jita buyer - Character with minimal skills that sits in Jita, buys from sell orders and contracts to other alts
Account 2
Nullsec dogsbody - Also in Pandemic Horde, can use cynos, fly dreads, etc. General support character to my "main"
Rens trader - Sells in Rens, does all my trasnporting in a Crane, my old highsec "main"
Dodixie seller - Sells in Dodixie, like Amarr seller but not as profitable
Account 3
Jita station trader - a newish but profitable character, sits in a citadel in Perimeter and trades, most business done out of Jita 4-4
Amarr station trader - sits in Amarr, buys and sells without undocking
spare character - the subject of this post
As you can see, 8 out of 9 characters are utilised and have a purpose. Even though some hardly do much (nullsec dogsbody hasn't had much love recently). I've been reading a lot of blogs recently and trying to think of a way of getting the 9th character to do something useful for me money making wise.
I've been reading merchant monarchy, who made well over 800 Billion ISK in about 3 years by doing "regional trading". By that I mean setting up region wide buy orders, then collecting the items and selling them, either there or in another region. This is something I haven't tried before, so I thought it might be worth giving a go.
Therefore I gave that alt 100 million ISK, bought some trade skills, and have started training up everything I need to manage trading across an entire region. At the moment I can only utilise 13 orders (this alt really had no training), so I've put up a bunch of buy orders up in Tash-Murkon, the region next to Amarr. I've based myself out of a trade fort in the system of Tash-Murkon prime.
I'm primarily looking at low priced stuff, skillbooks, a few modules, drones, and I'll use this as an experiment for a few days/a week. I'm hoping that this is something I can not log into for several days, and not have any of my orders overcut. I'm keen to see how this goes.
If I'm not getting the turnover I would like then I have a backup plan, of applying to Pandemic Horde on this character, and trading in their staging. The margins can be pretty good versus Jita and the shipping corp is extremely cheap.
Wednesday 31 October 2018
Thursday 25 October 2018
Moving next door
So, this happened about a week or two ago, but I'm just getting around to posting.
TEST declared war on Pandemic Horde and decided to take their high sec monopoly on trade hubs. Goons joined in support, and against the sheer numbers of both alliances Horde decided not to challenge. As things stand all of Horde (and IChooseYou)'s market Fortizars are in their final timer or destroyed.
TEST also decided to deploy the first high sec Keepstar in Perimiter - because they could.
All this means that my station traders old home is not an option, so I had to tear down my buy orders and up sticks. Though the Keepstar is on the same grid as the old Fort, so I didn't have to move far.
The good news is that the CEO of TEST has declared that the trade hub will have a broker fee of 0.3%, which will never change. Horde had a broker fee of 0.5%, so this is good for me. It was claimed on Reddit that Horde earned 200 Billion a month from broker fees from the Perimeter Fortizar, so at 0.3% TEST can expect the Keepstar to pay for itself in under 2 months. Not a bad investment really.
I have noticed since the change though that the margins on skill injectors have entered unprofitable territory, so I've pulled out of them for now. Advantage of station trading is you can be very fast moving.
TEST declared war on Pandemic Horde and decided to take their high sec monopoly on trade hubs. Goons joined in support, and against the sheer numbers of both alliances Horde decided not to challenge. As things stand all of Horde (and IChooseYou)'s market Fortizars are in their final timer or destroyed.
TEST also decided to deploy the first high sec Keepstar in Perimiter - because they could.
All this means that my station traders old home is not an option, so I had to tear down my buy orders and up sticks. Though the Keepstar is on the same grid as the old Fort, so I didn't have to move far.
The good news is that the CEO of TEST has declared that the trade hub will have a broker fee of 0.3%, which will never change. Horde had a broker fee of 0.5%, so this is good for me. It was claimed on Reddit that Horde earned 200 Billion a month from broker fees from the Perimeter Fortizar, so at 0.3% TEST can expect the Keepstar to pay for itself in under 2 months. Not a bad investment really.
I have noticed since the change though that the margins on skill injectors have entered unprofitable territory, so I've pulled out of them for now. Advantage of station trading is you can be very fast moving.
Sunday 7 October 2018
October Update
I've had even less time to play this month than usual. My play time has been limited to 5-10 mins before work mostly, with the occasional hour or two at the weekend. That said, my current position:
I haven't played between the 2nd and today, so this is the closest update I can give. As things stand, I have 218.1 Billion ISK. This is 13.1 Billion ISK up on last month. That is a decrease on the last couple of months. Considering I set myself a target of making 25 billion a month to hit 300 bil by 1st January, this is a very bad thing. I blame mostly my lack of playtime, and what playtime I have had has been mostly given over to station trading on my Jita alt rather than inter-hub trading.
I have 3 active accounts, with 5 characters currently dedicated to my trading:
Jita Buyer
This is a character that sits in Jita and contracts items to my other characters. This character has no training, and simply buys from buy orders and contracts the items to my other characters. I tend to have this character logged in to act as a real time price comparison whilst checking my other characters orders.
Amarr Seller
My main money maker, with ~95 Billion in active sell orders at the time of writing. Very close to the magic 100 Billion on a single character. Takes implants and faction/deadspace modules delivered by my Rens character and sells them in Amarr.
Dodixie Seller
Very similar to the Amarr seller, he sits in Dodixie, takes receipt of items, then set up sell orders. Currently has 55.4 Billion in sell orders.
Rens seller/Hauler
Like the other characters, this character takes items bought in Jita and sells them in Rens. Currently has 56.2 Billion ISK in active sells. He also hauls my good from Jita to the other trade hubs in a Crane. This is mostly implants, so high value, small volume items. This means I can fit everything for all 3 characters in a single Blockade runner, which with its current fit has about 50k EHP, and can warp cloaked. For highsec this is basically invincible, so I'm happy hauling like this, for now.
Amarr station trader
I've branched out slightly into station trading. I have a character in Amarr that sits in one station, buys from buy orders and sells through sell orders. This character trades completely different items to the rest of my characters. I gave this character 1 Billion to start with, and he's currently on 4.45 Billion.
Jita station trader
My latest, and more serious station trader. I have a character in Perimeter in a player owned Fortizar, with 0.5% broker fee that sits in one station, buys from buy orders and sells through sell orders with a reach of 1 jump. This covers Jita. Most of my items are bought and sold in the Jita 4-4 station. This character trades completely different items to the rest of my characters. I gave this character 10 Billion to start with, and he's currently on 12.7 Billion. I spent the time to get faction and corp standing up with this character, and this is my attempt to take station trading seriously. It's going fairly well, making almost 1 Billion a week on this character, but it is heavily dependant on playtime, unlike my inter-hub trading.
PLEX Holding
For a while, I was finding that I was having a lot of ISK lying around, not really doing anything. ISK in wallets can't make you money, so it's a bit of a waste of time having. In order to try and make some money with it I made several purchases of PLEX, most recently last August. The price has recently pushed back up to over 3.1 million each. Most of my PLEX was bought for 2.75 million each so when it reaches 3.2 million I'll probably cash most of it out and put the money towards other speculation.
Other investments
I'm increasingly finding that I can't re-invest all of my money after every trade run. Therefore I've started looking into mid term investments to make some money on price swings. My first foray into this was buying a bunch of Leopards just after the price inexplicably tanked. This hasn't produced much in the way of value yet, but I'm holding them for the near term. I think I need to do more careful research into my speculations in future, maybe look at the faction warfare swings.
I haven't played between the 2nd and today, so this is the closest update I can give. As things stand, I have 218.1 Billion ISK. This is 13.1 Billion ISK up on last month. That is a decrease on the last couple of months. Considering I set myself a target of making 25 billion a month to hit 300 bil by 1st January, this is a very bad thing. I blame mostly my lack of playtime, and what playtime I have had has been mostly given over to station trading on my Jita alt rather than inter-hub trading.
I have 3 active accounts, with 5 characters currently dedicated to my trading:
Jita Buyer
This is a character that sits in Jita and contracts items to my other characters. This character has no training, and simply buys from buy orders and contracts the items to my other characters. I tend to have this character logged in to act as a real time price comparison whilst checking my other characters orders.
Amarr Seller
My main money maker, with ~95 Billion in active sell orders at the time of writing. Very close to the magic 100 Billion on a single character. Takes implants and faction/deadspace modules delivered by my Rens character and sells them in Amarr.
Dodixie Seller
Very similar to the Amarr seller, he sits in Dodixie, takes receipt of items, then set up sell orders. Currently has 55.4 Billion in sell orders.
Rens seller/Hauler
Like the other characters, this character takes items bought in Jita and sells them in Rens. Currently has 56.2 Billion ISK in active sells. He also hauls my good from Jita to the other trade hubs in a Crane. This is mostly implants, so high value, small volume items. This means I can fit everything for all 3 characters in a single Blockade runner, which with its current fit has about 50k EHP, and can warp cloaked. For highsec this is basically invincible, so I'm happy hauling like this, for now.
Amarr station trader
I've branched out slightly into station trading. I have a character in Amarr that sits in one station, buys from buy orders and sells through sell orders. This character trades completely different items to the rest of my characters. I gave this character 1 Billion to start with, and he's currently on 4.45 Billion.
Jita station trader
My latest, and more serious station trader. I have a character in Perimeter in a player owned Fortizar, with 0.5% broker fee that sits in one station, buys from buy orders and sells through sell orders with a reach of 1 jump. This covers Jita. Most of my items are bought and sold in the Jita 4-4 station. This character trades completely different items to the rest of my characters. I gave this character 10 Billion to start with, and he's currently on 12.7 Billion. I spent the time to get faction and corp standing up with this character, and this is my attempt to take station trading seriously. It's going fairly well, making almost 1 Billion a week on this character, but it is heavily dependant on playtime, unlike my inter-hub trading.
PLEX Holding
For a while, I was finding that I was having a lot of ISK lying around, not really doing anything. ISK in wallets can't make you money, so it's a bit of a waste of time having. In order to try and make some money with it I made several purchases of PLEX, most recently last August. The price has recently pushed back up to over 3.1 million each. Most of my PLEX was bought for 2.75 million each so when it reaches 3.2 million I'll probably cash most of it out and put the money towards other speculation.
Other investments
I'm increasingly finding that I can't re-invest all of my money after every trade run. Therefore I've started looking into mid term investments to make some money on price swings. My first foray into this was buying a bunch of Leopards just after the price inexplicably tanked. This hasn't produced much in the way of value yet, but I'm holding them for the near term. I think I need to do more careful research into my speculations in future, maybe look at the faction warfare swings.
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