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Wednesday, 30 January 2013

Business Thursday: station trading metas

Posted on 22:00 by Unknown
"Metas" are named variations of T1 modules. For example the Light Ion Blaster I has the following metas:
  • Anode Light Ion Particle Cannon I
  • Limited Light Ion Blaster I
  • Modal Light Ion Particle Accelerator I
  • Regulated Light Ion Phase Cannon I
They are all better than T1 and worse than T2. They are dropped by NPC pirates killed in complexes, mission sites and belts and acquired by those who looted them. They are used by people who can't fit T2 yet and people doing T2 production.

There are awful lot of metas in the game. Practically every T1 have some. This market is extremely abandoned, practically no one tends it. The Jita sell orders are often 10x higher than buy orders. You can make nice profit by setting buy and sell orders for them in Jita, where the volume is the highest. Most metas are cheap, in the region of 10K-2M, so the profit on one isn't great. But you can sell dozens to hundreds every day which isn't bad money. Also, meta-trading is very good start for a new trader due to the low investment cost. You can start trading with a few million ISK capital and bad skills, since the margin is 20-30% instead of 2-3.

How to start? Pick one item class, like small lasers and check their price history. If the volume is relevant and the maximum and minimum are far from each other, you can set up your shop. Don't try to 0.01, decrease the margin aggressively to 10-30%. Keep even low margin for a week or two, the 0.01 punks usually have little tolerance for that.

After you stabilized the price of your selection of metas in Jita, you can extend to other hubs, moving your wares with courier contracts. At the end you can try regional buy orders and get items collected for you by couriers.

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