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blankseplocked Buying and Reselling for money?
 
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deathenemy SC
Posted - 2011.02.17 07:21:00 - [1]
 

Edited by: deathenemy SC on 17/02/2011 07:23:29
Edited by: deathenemy SC on 17/02/2011 07:22:07
Is buying a abundance amount of products, than flying it to another region that buys for higher a decent way of making money for starting off?...

If so what are some products that i should look at transporting and selling?

And are missions worth doing for money?? or should i be looking at another profession?


also another question:

Is it possible to warp directly over these gates so i don't have to wait for him to fly all the way over there and make the jump?

Cimpek
Posted - 2011.02.17 07:29:00 - [2]
 

Edited by: Cimpek on 17/02/2011 07:31:03
Yes and no. First you need to buy large quantities of the item and need a large ship to move it. Second it might be in low sec meaning you might get popped and lose entire investment. Third it might be a scam so you buy a ton of crap and move it to new station only to find out the buy order was canceled. On the bright side if you do have a large hauler and it's not a scam you can make a large amount of isk moving stuff around.

If you want to make quick isk go find a descent npc corp and you and your friend, from previous post, start running missions. You get isk, lp and standing increases which can allow you to quickly move to level 2s, 3s and 4s. Once you start running 2s and 3s you can also salvage the ships and can make additional isk from that. From completing the tutorial you should both have a destroyer which is more then enough for any level 1 and with two of you probably enough for most level 2 missions.

Another easy way to make isk is mining. You fit mining lasers and go to an ore field and mine minerals to sell or build stuff with. It's very boring but can be profitable. I would stay clear till after Hulkagedeon if you don't want to lose your ship though.


I don't understand the question about gates though.

You can chat with me in game if you want and I can help you out.

deathenemy SC
Posted - 2011.02.17 07:46:00 - [3]
 

Ok, you have been very helpfull thanks..

I added you to my contacts, ill find you in game..

Tzar'rim
Posted - 2011.02.17 08:33:00 - [4]
 

Trading in things is about having an understanding on prices in different areas and the need for a product at your selling spot. Best you can do is set up alts in the spots you want to cover (one in Jita, one in your sell spot for instance). Then stroll through all modules and items, picking one where there's a lot of difference between both areas.

Once you found an item with enough difference to make it worth it, then you try to figure out if those items are actually WANTED there, if they are then you make the calculations about time invested, profit pet item, volume per item and items sold per period of time. If it sounds decently profitable, go for it.

EVE is about using your brains, putting in effort and seeing opportunities. So if you're in a certain area, you want to buy something and it's simply not for sale you could go "wtf is this crap" and be angry about it, OR you could go "hmm, that smells like profit if I start to trade in it". Player choice :)

Your second question, the autopilot will always warp at 15km. If you manually warp to a gate you can choose a range from 0 to 100km, base will be 0km. So you open the map, set a course but then you DON'T use autopilot, you check which system is next in line (top left), or you simply find the yellow icon gate on the overview (that's an indicator it's next on the route) and manually warp to it. More effort but it'll be faster. Move afk on the AP and it'll be slower.

Toshiro GreyHawk
Posted - 2011.02.17 14:08:00 - [5]
 

On missions - missions are the only way you can raise your standings with an NPC corporation. Raising those standings results in lower fees if you use their facilities to make stuff or to trade.

No one is going to give you specific advice on what to buy, where to buy it and where to sell it. That advice would be instantly worthless - as everyone would go over there and try to do that - which would ruin it. You just have to figure that out for yourself.

Being a Trader is the most profitable career path you can take. All you need is a little bit of capital to start with and a willingness to spend some time and effort figuring out what to buy and what to sell.

Setting up your base near the borders of several Regions (the market shows prices by Region) will let you jump back and forth between them checking regions. You can also do this at longer distances with alts. You don't have to train the alt to do anything if you don't want to - they just need to be in that location to check prices.

Also - you don't actually ever have to leave your station to get rich. You can simply buy and sell within your own region, buying things that are priced low or through Buy Orders, then raising the price and reselling them. You just need to know whether or not you can really sell them at the higher price - which comes with market experience.


I got one of my characters started as a Trader by doing what I said above. I found some product in one region with Sell Orders cheaper than the Buy orders in another region. I didn't have a lot of cash - so what I did - was buy what I could, fly it over and sell it to the buy orders - then fly back and using my now greater capital - buy more. Each time I went back and forth I had more capital and could buy more goods to sell. While initially I had no where near the money to purchase the entire lot of product with the low price - in the end - I bought it all and sold it all and established my capital base.

The thing you have to keep in mind here - is that your capital is a tool. You are taking some of your money and using that money to make more money. That means that you can't spend it on anything you aren't planning to sell. If you want to buy something like a bigger ship - taking that money out of your capital will hurt your ability to make money. Of course - buying a bigger ship can be an investment - so you need to think about whether or not that bigger ship will make you more money than the money you spent on it would.

As to making risky investments in product - you really need to think about that. If you see what looks like a great opportunity - you need to think about what you're going to do with all that product you bought at that price - if someone else beats you to the punch - or if it's a scam. If there's only one guy offering this really great price - then you don't necessarily want to just put every .01 ISK you've got into buying product to sell to that Buy Order. If there are multiple bids with prices that you could sell to if the first one falls through - then that is a less risky deal. One way of hedging your bets - is to buy things in lots - where you aren't expending all your capital on one buy. Set the amount of your funds you are going to invest and use that as your capital. Keep money in reserve.


Now - there are advantages and disadvantages to placing Sell orders and filling other peoples Buy orders. If you fill Buy Orders as I did above - this gets you an immediate turn around on your capital. If you place Sell orders - you can sell your product for more money - but you'll have to wait for someone to come along and buy it.

So - you can do both. You just want to understand why you're doing each.


Of course - the big key to becoming a Robber Baron Capitalist in EVE - is that you like doing it. I don't. I make most of my money trading - but don't make more than I do - because I don't like doing it.

*shrug*


Joe Forum
Amarr
Posted - 2011.02.17 16:53:00 - [6]
 

About the gates, I think you are autopiloting.

You should stop that and select Warp to 0 to each gate.

The shortcuts by default would be to click on the stargate you want to go to, then hit 'S' and when you arive at the gate teh moment you drop out of warp you are ready to jump, now hit 'D'.


 

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