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Professor Wilkins
A Peaceful Mining Corp New Eden Research
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Posted - 2009.02.03 11:08:00 -
[1]
I have been doing quite well lately building and selling ships and all profits i make i place to one side, now i wondering what to do with the profit, put it back into another production line or invest in bpos. Some advice will help.
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Arouu
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Posted - 2009.02.03 11:27:00 -
[2]
Invest.
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tank overide
Caldari Tank Sox Studios
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Posted - 2009.02.03 11:29:00 -
[3]
Invest back into yourself if your doing good. Only you can really tell if it would be more profitable to invest in expanding your production lines, or bpos. or do both, expand your lines into new markets and get those bpos. ________________________________________________________
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Tasko Pal
Heron Corporation
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Posted - 2009.02.03 11:36:00 -
[4]
My advice is check out some of the things you can do. For example, build a spreadsheet and run numbers for some of the scenarios you are interested in. Some questions to consider for a given activity:
1. What markets exist for any products associated with the activity?
2. What do I have to do? Some activities are pretty straightforward and some require complex supply chains and support activities. I often write out a flow chart so I can see what's going on.
3. How much time does it take? That is, how much time do I have to invest? Include such things as the time spent fueling a POS.
4. What is the expected investment and the expected return? Now you should be able to do ROI (return on investment) calculations both based on isk invested and time invested. There's also initial investment and recurring costs.
5. What are the risks? If you have to fly around with 10 billion isk worth of BPO, then there's always a risk of losing those BPOs. If you anchor a POS, someone can always shoot it. CCP might change your market so your product sells for far less than you originally expected.
6. What else can you do once you've set this activity up? Maybe there's a value added activity that you can do as well.
For an example of the last thing, at one time my corp decided to have a low sec POS (mostly as an uncampable, supply base for activities in the area). We then mined a moon with a somewhat positive return on investment. Even then, the fueling efforts were pretty heavy effort for what we were getting. The tipping point though was that I then ran a covetor construction business on the side (low sec at the time had remarkably cheap trit and covetors, which routinely sell well above mineral cost in Jita, take a lot of it, excellent mineral compression) while I was running courier missions in the area. The combination of all these activities were what made the plan viable, at least for me. There was always something to haul and something to do.
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Masque Blanc
Small Gods
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Posted - 2009.02.03 11:43:00 -
[5]
An idea about how much you have saved and what skills you have would help with constructive advice.
You generally have lots of similar options with 100M but a lot fewer with 100B.
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Professor Wilkins
A Peaceful Mining Corp New Eden Research
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Posted - 2009.02.03 11:50:00 -
[6]
what i normally do is that I make say 10 t2 ships sell them at market prices, profits I put away in one of my alts. So I have the basic cash to build another set of 10 and so on. I have 2 lines going now using this method and so far it is going well for me.
I also mine to raise more capital so i do not touch my profits. I want to build on those profits for some meaty project.
But I can only do so much. |
Jason Marshall
Gallente Hammer Of Light Libertas Fidelitas
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Posted - 2009.02.03 11:51:00 -
[7]
Once a month, i take all my profits and put it into a speculative purchase, usually a large ammount of minerals hoping that the market will shif in its favor. Risky. |
Ambo
EMMA Test Corp
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Posted - 2009.02.03 11:52:00 -
[8]
I highly recommend buying a nightmare with a ridiculous faction fit and headnig off into 0.0 alone. |
Fighter awesome
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Posted - 2009.02.03 11:54:00 -
[9]
Diversify. |
Professor Wilkins
A Peaceful Mining Corp New Eden Research
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Posted - 2009.02.03 11:59:00 -
[10]
hehe yeah quick investment comes dust going into 0.0 nice idea though.
you all given me food for thought on this matter thx, i think i will take most of your advice and just diversify into other building projects, the thought would be to just expand production quantity using the profits.
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LaVista Vista
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Posted - 2009.02.03 12:04:00 -
[11]
Well. What is going to bring you the best money?
If you invest in a BPO, will you have to buy another productionline anyways?
Try and run the numbers for each scenario. What kind ROI will a BPO give you? How much profit will you make by putting it back into a production line?
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Masque Blanc
Small Gods
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Posted - 2009.02.03 12:17:00 -
[12]
Originally by: Professor Wilkins what i normally do is that I make say 10 t2 ships sell them at market prices, profits I put away in one of my alts. So I have the basic cash to build another set of 10 and so on. I have 2 lines going now using this method and so far it is going well for me.
I also mine to raise more capital so i do not touch my profits. I want to build on those profits for some meaty project.
But I can only do so much.
Option 1: Diversify Race - Train to build a different races ships.
Option 2: Diversify into modules. Build the modules that fit the ships you are selling. Its always good to see players buy ship, and fit from you.
Option 3: If you have the standing and are copying your own bpc for invention, build a small hisec POS and fit 2 advance labs. Run six slots on the POS for a few days to copy the bpcs you are using. Pull the labs down once complete and off line the POS (or switch to two std labs and invent). This will probably generate you enough bpcs for a few weeks of manufacture, saves a whole lot of time and hence money. |
Professor Wilkins
A Peaceful Mining Corp New Eden Research
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Posted - 2009.02.03 12:25:00 -
[13]
yes I do own a high sec pos and i copy and invent using the facility, it is great, i now forcast what is going to sell before i just slapped ships on the market, now I am getting more business like and seeing how to increase turnover. Obviously working on projects is limited to one person. |
Unbowed Ash
Gallente The Scope
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Posted - 2009.02.03 13:14:00 -
[14]
Originally by: Ambo I highly recommend buying a nightmare with a ridiculous faction fit and headnig off into 0.0 alone.
THIS !
On a serious note - perhaps you would give a glance at IPO-s. Personaly never dabled with it, but seems like a decent market. |
Suicidal Hamster
Hamster Holding Corp
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Posted - 2009.02.03 14:49:00 -
[15]
Give it to me! |
nether void
Caldari Shrapnel Industries
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Posted - 2009.02.03 15:49:00 -
[16]
Edited by: nether void on 03/02/2009 15:48:55 The only thing you can do is make even more money, which you use to make even more...ad nauseum.
This is the age old problem with being a crafter in an MMO. Nothing to spend your money on! lol
Maybe start thinking about PvPing on an alt or something? That's the only real use of money in this game (money sink). --------------------
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2009.02.03 15:58:00 -
[17]
pancakes, lots of pancakes. |
Professor Wilkins
A Peaceful Mining Corp New Eden Research
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Posted - 2009.02.03 17:45:00 -
[18]
please do not make me hungry i love pancakes.
Thank you everyone for your replies, it has given me loads to think about.
One thing about this game over others it does get your brain thinking hard. |
Tasko Pal
Heron Corporation
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Posted - 2009.02.03 19:00:00 -
[19]
Ok, looking at your comments about doing t2 construction, I can see several possibilities. First, just expand your t2 construction. What Masque Blanc said. Second, I don't like the advice about diversification. Sounds like a good idea, but in practice I find it too much work. You have to evaluate each new investment and monitor it. OTOH, if the investments are related to your primary work, then you expend much less energy figuring out what works.
A focused but agile player in a big niche like T2 production isn't going to have problems making isk. Further investments probably should be in related fields like invention, copying, or T2 trade. Since you have an alt in New Eden Research, you're probably doing some of that already.
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Kazzac Elentria
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Posted - 2009.02.03 19:03:00 -
[20]
Originally by: Tasko Pal Ok, looking at your comments about doing t2 construction, I can see several possibilities. First, just expand your t2 construction. What Masque Blanc said. Second, I don't like the advice about diversification. Sounds like a good idea, but in practice I find it too much work. You have to evaluate each new investment and monitor it. OTOH, if the investments are related to your primary work, then you expend much less energy figuring out what works.
A focused but agile player in a big niche like T2 production isn't going to have problems making isk. Further investments probably should be in related fields like invention, copying, or T2 trade. Since you have an alt in New Eden Research, you're probably doing some of that already.
Agreed, diversification works when you are doing things like trading. Since it naturally means trading into more diverse items with a wider spread.
But when it comes to manufacturing, to be successful in EVE anyway, you need to attack it with a singular focused goal in mind. |
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Choke Hold
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Posted - 2009.02.07 00:03:00 -
[21]
never put money on the side. if its on the side its because your saving up for something to invest into.
invest invest invest
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Dreamwalker
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Posted - 2009.02.07 02:30:00 -
[22]
Originally by: nether void Maybe start thinking about PvPing on an alt or something? That's the only real use of money in this game (money sink).
I like to run mission in low sec with faction fitted BS and I like to rat in golems in 0.0
But that is me
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ResearchBunny Beatrix
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Posted - 2009.02.07 04:04:00 -
[23]
Originally by: Ambo I highly recommend buying a nightmare with a ridiculous faction fit and headnig off into 0.0 alone.
This, oh god yes, this. |
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