Friday, March 20, 2009

Eve Business Report

Over the past week or so, I have been concentrating on building up my production business. After all, I didn't spend nearly a month on Production Efficiency 5 for nothing. Luckily I started out a a few million isk and some BPC's from previous play attempts. That always makes things a bit easier.

I looked at my home area, which happily has a good amount of mission runners, and found some holes in the market. Mostly these were T1 ship modules to start, as I don't like selling ammo. It just takes too much time, for too little profit to sell ammo.

Many T1 ship module BPO's cost under 100k, so it will be quick to re-coup the cost. The drawback is that these BPO's have not been researched, and that will cut into your profit. I plug the numbers into Eve-MEEP and voila... it gives me a good idea if I can make a profit on this item. The other important piece is to check the volume of the item. If it isn't selling much in your area, it may not be a good investment.

As my modules kept selling out, I started to build some Destroyers. This upped my mineral requirements far past what I could collect myself. Using Buy orders in my solar system solved this problem and I just had to go collect the minerals. It was a little more expensive in some cases, but worth it due to turnaround time.

Manufacturing is like a snowball rolling down a hill. Momentum starts to pick up and soon you need a lot more minerals to satisfy demand. As Destroyers were selling great, I started to add Cruisers into the mix. These require much more minerals. So those buy Orders were pushed out to a jump away. They get filled very quickly, but now I have to do quite a bit of jumping to collect them all. Time is valuable, so I don't want to spend all of it collecting raw materials.

That leads me to the present. I have about 35 million isk and a couple more left on the market in sell orders. It is time to take the next step. I will start to produce on a weekly schedule, rather than ad-hoc like I have been doing. This means I will buy all the materials I need for the week at one time. I estimate this will cost about 25 million isk. My hope is that I only have to collect the materials one time a week. I will of course need a bigger transport at some point too.


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