February Update - Industry

 An even worse month than trading this one. My current position:

And the graph:

My current net worth is 61.7Bn ISK. That's an increase of 500mil, or 18mil/ISK/day.

Truly dreadful, so why?

Well, likewise I only played half the month as you can clearly see on the graph. I have also been fighting to try and improve my main issue, which is revenue. 

Without revenue, I don't have the money for materials to build things, so I need to improve that. Currently I struggle to keep my slots all busy. Therefore I've been much more aggressive than usual in updating sell orders for my wares. The problem is, salvage is falling in value due to peace time well and truly setting in, so rigs are also falling. 

I'll keep fighting like this until things stabilise, but I also need to branch out. I've been saying for a long time that I want to give low sec industry a go, and I've finally started moving in that direction.

I have 1 character who was building t2 haulers while the margins were good, but that has completely evaporated in high sec now, and has been like that for a while. However, looking at EVEGuru the margins if you do your own reactions and build t2 components in lowsec are very good. As a result I've moved this character to Aunur, to the lowsec foundry run by EVEGuru, and I'm training skills for this new venture. These include things like Mass Reactions and the Advanced form, but also Advanced small ship construction (I'm thinking or starting out doing Sabres) and other skills needed for the t2 components that go into ships. Step 2 will be to buy the blueprints I need, ship them down and start researching them, then ship in materials and do a couple of exploratory runs.

I'm excited for where this goes. I'm also working on a "building rigs in high sec" guide as well, which I hope to publish this month so that people can tell me what I'm doing wrong and how to improve my process. Interesting times ahead!

February Update - Trading

 Not an amazing month this one, I hardly played for the first 2 weeks and it showed. Still, here are the numbers:

And the full breakdown:

My current net worth is 1.161Tn ISK. That's an increase of 8Bn, or 285mil/ISK/day.

So that's pretty poor, why so bad?

Well, as explained, I basically didn't play for the first 2 weeks, but additionally, when I was updating my "investments" towards the end of the month I realised I had 100 extra master-at-arms cerebral accelerators listed on my sheet than I actually had in my inventory. This wasn't a new mistake and was listed on my last sheet, so I could go back and adjust my accounting there, but that could get messy so I'm just updating it here. So operating profit wise I'm probably about 6Bn better than that.

Additionally, I've not really been doing anything new with my money. What I am starting to prep for is seeding a market to branch out. I've chosen the "PleniMart" in Kihtalid for this experiment. It ranks in the top 40 markets galaxy wide and is being operated by Thanak of the Building my Industrial empire series. Well worth a watch. What started out as one man trying to get into industry has turned into an alliance encompassing high sec and null sec, and has pulled in the likes of ARDCO into its ranks. 

This planned seeding will be using different items to my normal regional trading, likely more common items to get greater turnover. I will also be competing with Croda, who has recently started seeding this station. We'll see how this goes. I suspect my item choices might be slightly different from his, but greater supply can only help further cement PleniMart as a real secondary trade hub.

This should also help me hit one of my other goals I've had for a while to hit 1Tn in sell orders, which I'm also there at right now.