I have 537.7Bn ISK. That's an increase of 29.9Bn over last month. I don't really know what lead to the large jump in turnover this month, I've had a bit more time to play, and I've tried a few different things, but it seems that market activity is back to normal after the end of the Chaos Era fundamentally. The introduction of the Korean client probably helps boost activity a bit as well.
I was aiming for 540Bn by the end of the year, so I've basically got a whole month to get ahead on next year which is great! I've got blueprints in research for the components required for a Raitaru, which I'm looking forward to starting producing soon. I've also started another character to dedicate entirely for Large Skill Injectors, but more on that in a future post.
I last did a trade run on Saturday, which is why I have, er 75Bn ISK lying around. Most of this will be thrown back into my usual trading when I next get chance, but I'm also going to throw my weight behind hosting some raffles when the HyperNet Relay releases on the 10th of September. Again, more on that in another post, but I reckon there'll be some serious money to be made there.
I have 4 accounts, with 11 characters dedicated to trading:
Skill Point Trader
My newest character! I've started a brand new character, who I'm going to get a very high reputation with all the main empires and the corporations who own the trade hubs, for the purpose of trading skill injectors and other high value high turnover items. I've trained Social V, and started the rep grind, but it'll take a while, doing career and then distribution missions. A slow burn character.
Jita Buyer
This is a character that sits in Jita and contracts items to my other characters. This character has little training, and mostly buys from sell 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. This character also manages my long term investments, though that doesn't take much work. I am putting excess ISK into this venture, and watch delonewolf's EVE Talk to get ideas for things to invest in. Currently holding about 74.7Bn in orders and investments.
Amarr Seller
My main money maker, with ~140 Billion in active sell orders at the time of writing. 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 80 Billion in sell orders. No news with this character.
Rens seller/Hauler
Like the other characters, this character takes items bought in Jita and sells them in Rens. Currently has 108.3 Billion ISK in active sells. He also hauls my goods from Jita to the other trade hubs in a Crane.
Hek Seller
Like the other high sec seller characters, he sits in a trade hub in Hek and sells items brought to him by the Rens seller. Currently on 68.3Bn in sell orders. Needs to pay for his own PLEX every month, which isn't too difficult.
Amarr station trader
Sits in a player owned Fortizar in Ashab, buys from buy orders and sells through sell orders with a range of 1 Jump to cover Amarr. 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 11.2 Billion.
Jita station trader
My more serious station trader. I have a character in Perimeter in a player owned Keepstar, 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.
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 60.5 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. He also farms SP and sells injectors on the market.
Horde Seller
I've changed this character this month. Rather than shipping items from Jita I've switched to station trading in the Horde Keepstar in R10-GN. I've found it much easier to keep this character updated as a result, a good change. I set him up with 1Bn and he's currently at 4.7Bn.
Tash-Murkon Region trader
A different strategy altogether. This character sits in a player owned Fortizar in Tash-Murkon prime, and set up regional buy orders for modules, implants and drones. When a lot of orders have been filled I fly around and collect it all to sell in Tash-Murkon Prime. I set this character up with 100mil to buy his own skills and get started, after skills he had 70mil to buy items. Currently at 5.5Bn. Can fly a Crane, which speeds up my collections immeasurably.
Manufacturing Character
My latest character, pretty new. Currently has 11 building slot and 10 lab slots. Finished research on 5 structure rig blueprints and has done 2 runs on each of them, with the produce up for sale in Rens and Hek. I haven't accounted for this very well, but I bought materials for the run for about 2.1Bn and put them up for sale in the region of 3.4Bn. Pretty good return if they sell. Also has 9 structure component BPs in research. The plan will be to sell the items produced by this character in the 5 trade hubs I sell in. I'm planning to put more time and work into this character this month to work out a process.
29.9b in a month, lol, that is like 33% of my wealth over 9 years. You're obviously doing something right.
ReplyDeleteWhat tips would you give to someone starting out?
Hmm, an interesting question. I'd say have a goal, it's much easier to keep motivated if there's something you're aiming for. I've seen a few of these blogs, merchant monarchy for instance, earning for earnings sake with no end goal in sight and peter out.
ReplyDeleteWhen it comes to actually making money, 2 things, patience. It takes money to make money and initially things start small, but they really can snowball. I've seen a number of people go through the starting months/years of this, but when you get to high numbers drop off, so there's no reference point for what happens when things get bigger. The late stage is something I'm looking forward to exploring with this blog.
Second, constantly evaluate what you're doing and see if there's things you can do to improve your process, improve your earnings. There are a multitude of ways to make money in EVE, and those ways change all the time. Markets change, prices go up and down, ships and items get buffed and nerfed. There's always things you can do to improve. Admittedly this is something I struggle with myself, but I've changed what I do numerous times over the years, and not just the items I trade.
I find it important to diversify as well. I have my core inter-hub trading business which is my bread and butter, but I have side projects. I can PvP in Horde. I can do some station trading, or swing trading, or run abyssal filaments, or very occasionally mine. Whatever, just something to break things up when they get a bit monotonous.
Sorry, that turned into quite a rant, hope some of that was useful, or at least gives you something to think about!
Not a rant at all, thanks for sharing your thoughts on it
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