When I wrote the post detailing what I'm doing, I really did so in the intent to let others find these fields. I expected the competition to rise and the profits go down. I considered it a cost I must pay to make the blog more useful.
What happened was a complete surprise: my profits increased on these fields. Last week report was "Wednesday morning 21.8B. (0 PLEX behind for second account, 0.9B spent on triage carrier alt)" while the most recent is "Tuesday morning 25.7B, (0 PLEX behind for second account, 1.1B spent on carrier/titan alt) ". 4.1B in 6 days, that's 680M/day.
I guess I could try to make it look like an evil scheme working out, but it's completely unexpected to me. I really believed that competitors show up instead of disappearing. But no one wants to play with me! I asked around on the goblinworks channel for explanation and got some first-hand ones.
They found this market after my vague and generic statements. They were simply looking for a field where they can be best applied. And - go figure - it was the field where I applied it. They were surprised on the level of competition but made OK money. Now that I came clean that I'm on these field, they simply found it's easier to apply the market ideas on a less competed field than keep undercutting with me. After all there are so many markets in EVE.
So the result of the "blogging my profit away" series is much better than I expected:
PS: and don't worry about the tax increase in the patch, it increases the taxes of everyone else too, so the margins will open. It's a VAT so it will ultimately hit the consumer not us (after the prices equalize).
The moron of the day is CCP:
EVE Business report: Wednesday morning 26.2B. (0 PLEX behind for second account, 1.1B spent on triage carrier alt)
Don't forget to join the goblinworks channel to discuss trading and industrial ideas and laugh on the morons of the day (50-80 people on peak hours).
What happened was a complete surprise: my profits increased on these fields. Last week report was "Wednesday morning 21.8B. (0 PLEX behind for second account, 0.9B spent on triage carrier alt)" while the most recent is "Tuesday morning 25.7B, (0 PLEX behind for second account, 1.1B spent on carrier/titan alt) ". 4.1B in 6 days, that's 680M/day.
I guess I could try to make it look like an evil scheme working out, but it's completely unexpected to me. I really believed that competitors show up instead of disappearing. But no one wants to play with me! I asked around on the goblinworks channel for explanation and got some first-hand ones.
They found this market after my vague and generic statements. They were simply looking for a field where they can be best applied. And - go figure - it was the field where I applied it. They were surprised on the level of competition but made OK money. Now that I came clean that I'm on these field, they simply found it's easier to apply the market ideas on a less competed field than keep undercutting with me. After all there are so many markets in EVE.
So the result of the "blogging my profit away" series is much better than I expected:
- You can speak up about your business, giving details. You won't lose money on it. Actually you can gain money as others might choose to look for maybe less green, but much less grazed pastures. It's great to inspire more industrialists and traders to start to blog and comment
- There are many untaken fields in EVE. Part of the "a newbie can never catch up with vets in eve" myth is "every market is taken, leaving only mining veldspar to newbies". It's completely untrue. Even a newbie with no skills or capital can make good money on a field no one cares about. The EVE economy is huge due to every region has its own markets and there are price differences even between systems of the same region. There is place for you.
- Another proof that M&S isn't in short supply in EVE. The above myth is based on the "common sense" that if it's profitable, someone must have taken it. Yet many-many fields are untaken, because the amount of people who sell to a ridiculously underpriced buy order is too high compared to those who create those buy orders.
- You aren't bound to a few "large" fields like it was the case in WoW. There you were selling glyphs or doing it wrong. Here you can trade items related to whatever you do anyway and get hundreds of millions for it. You don't have to go out of your way to make money, you can make money on anything.
PS: and don't worry about the tax increase in the patch, it increases the taxes of everyone else too, so the margins will open. It's a VAT so it will ultimately hit the consumer not us (after the prices equalize).
The moron of the day is CCP:
EVE Business report: Wednesday morning 26.2B. (0 PLEX behind for second account, 1.1B spent on triage carrier alt)
Don't forget to join the goblinworks channel to discuss trading and industrial ideas and laugh on the morons of the day (50-80 people on peak hours).
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