This year marks a change in that I've actually managed a blog every month, which I think is indicative of greater engagement in what I'm doing, and I think that's reflected in the trade numbers. Even though I have several projects that are still ramping up.
I have been away for the last 2 weeks, doing family things, so it's been a short month of updates, but still a decent earner. But that's my explanation for so much ISK sitting in wallets. Excuses out of the way, my current position:
I have 566.5Bn ISK. That's an increase of 28.8Bn on last month, which considering I didn't play for 2 weeks is pretty damn good. A large amount of that, 131Bn is sat in ISK. That sounds great, but ISK in wallets isn't earning me anything. I'm going to add a lot of new items to my selling list over the next couple of days to try and utilise that, as well as look at some investments and work on my standings for my future SP trader. All time dependant really.
Lets have a look at this time last year:
I had 270.4Bn and was using 8 characters. So I've increased my wealth by 296.1Bn ISK in the last year, a little over doubling my wealth! Last year I nearly tripled my worth though, which demonstrates the difficulty of scaling increases. Can't keep doubling forever doing the same things!
As far as next year goes, I think I should easily be able to top 300Bn for the year, just doing what I'm doing. With the extra projects to come online, and if I re-assess some of my investments I should be able to increase that. So I'm going to take a punt and say that on 01/01/2021 I'll have 900Bn. I'd love to say I'll be a Trillionaire by then, but I think that's possibly a bit of a stretch. It could happen though right?
Also like all players I was sent my own "year in EVE video, here it is:
https://www.eveonline.com/my-year-in-eve?id=3507/88375/7436454d497642e494835727914de1b97fd94c26bf1b444eac9d9ec47810c1bd&utm_source=newsletter&utm_medium=email&utm_campaign=endofyear2019&utm_content=cta
A little silly perhaps, but I enjoyed it. It proves that I do (occasionally!) PVP, and throws up that I've made over 43,000 market transactions, putting me in the top 1% of players. This surprised me a little, though perhaps it shouldn't. Also my most traded item was Fernite Carbide, and 25 million units. Not sure what that says TBH. I liked how it grouped all your characters together across accounts, and I think it's fairly well made. I like these little stats about your life in EVE. I'd like to see this more in future, maybe with a little more info besides. CCPls?
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. Still grinding, a long way to go before this guy really gets going.
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 83Bn in orders and investments.
Amarr Seller
My main money maker, with ~128 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 82 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 98.3 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 55.3Bn 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 11.3 Billion. This character hasn't achieved much in ages. I need to go through everything and put a bit of effort into what's going on here and how I can start making money again.
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 64 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 Station Trader
Station trading in the Horde Keepstar in R10-GN. I set him up with 1Bn and he's currently at 5.3Bn.
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. I haven't touched this character at all this month. Another thing to correct. So much to do, so little time!
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, they were at ME7, and are on a final run of research to get them to ME8. This one step is taking 51 days! At that point I definitely just want to get started producing. The plan will be to sell the items produced by this character in the 5 trade hubs I sell in.
I’ve been trying something like this since first reading Crodas blog (I found his before I found yours). I limited myself to items I can buy for 100m or less in Jita and was using the 4 other trade hubs. I made OK money from it but boy trying to find those items to sell is a royal pain in the arse and that is essentially why I stopped.
ReplyDeleteLike Croda you seem to limit yourself to the amount of time dedicated to this venture, how do you find the time in order to find items to sell in the markets. Surely you must do something other than comparing prices and sales history from Jita to where ever you are looking to sell.
Yeah finding new items is tricky, and honestly I've not found a time efficient way of doing it.
DeleteI almost exclusively work off quickbars that I've built up over time, and on my main hub sellers I rarely look for new items, usually I work down the list checking if I need to update sell orders or if they've all sold, check if it's worth buying more (it isn't always). If it isn't currently worth it, I don't tend to remove it from the quickbar as it may become worth doing as prices shift.
I pretty much do it as you describe, with 2 clients open on 2 monitors and using my corp chat to paste item names to compare prices. However I tend to have an idea of what I'm looking for , for instance I recently decided I needed another 10Bn (ish) worth of items to sell in Rens and Hek (they share a quickbar). So I searched for "caldari navy" and worked down that list to see if there's anything worthwhile. Once I'd worked through them I did the same with "republic fleet". i tend to do this when I find myself with a lot of cash consistently sitting around, and I time box it.
You could definitely do it more efficiently than I do, but it works for me.
Thanks... I guess it is a case of mixing it up and moving slowly. I created some Alpha characters and although limited to 17 slots am going to see if I can get something going money wise there. All my omega toons i was using for this are currrently in a WH doing PI.
Deleteyeah it's definitely easier to focus with a smaller number of items. I've heard of people before getting to a certain size and then reducing the number of items they trade in order get to know the market better and work those items more efficiently. It's probably much easier to keep a handle on the market that way, I can't keep a feel for over 100 items in my head!
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