Saturday, May 28, 2016

Zappity's Adventures: How I made my ISK

I have been asked about how I made my ISK and, being of a naturally sunny disposition, I will now explain. My current position: 137,986m assets (Jita sell price) 22,000m liquid ISK 59,000m active sell orders (Jita sell price) 3,000m 10/20 BPOs (unresearched value) Total: 222B ISK. Depressingly, I am not even wealthy. Still, I have enough ISK to do whatever I wish (within reason) and that's almost good enough for me. I was asked whether I was an ‘old player’, having accumulated assets over time. The answer is somewhat subjective so I will simply state that Zappity was created in early 2013 and that my market activities began at about the same time. Region trading (the act of buying in one region and moving the goods to another location before selling) made me my first few billion. I moved faction ammunition between Jita and the other hubs, predominantly Amarr and Dodixie. This triggered my first foray into spreadsheets, using Google Sheets to pull eve-central.com volume data for the ammunition I was interested in, highlighting good buy opportunities when they were a certain percentage below the other hubs. The main limitation here was that I did not have the capital to do spread across buy orders and, instead, bought straight from sell orders. That cut into my profits and, more importantly, meant that I had to actively update sell orders because I needed to recoup much margin as possible. This 0.01 ISKing lasted about a fortnight before I burned out. I decided that I needed a better plan. I took my hard earned billions into invention and T2 production. I put up a medium tower a few jumps out of Jita and made Expanded Cargoholds, Nanofibers, Damage Controls, Inertial Stabs plus a few other things I can’t remember. I would check the market prices and commence runs on whatever would be most profitable that particular week. I bought all the minerals from Jita and freighted them out myself. It was quite profitable but also quite tedious. It earned me a few billion more ISK before I exited just prior to the Crius changes. At this point, I had about 6B ISK and roughly doubled it by cheating and buying an additional 6B worth of plex. This allowed me to establish a good array of low-price buy orders after training Margin Trading to V on my trading alt. I pulled sales volumes from eve-marketdata.com and selected the 300 highest (in terms of ISK) T2 items being sold. At this point I transitioned from Google Sheets to my own PHP scripts plus MySQL database. My scripts reported the item list and altered me when either my buy orders or inventory were getting low. This allowed me to see at a glance whether anything required attention, especially buy orders that had been filled and needed replacing. There was a continual balance between trying to keep individual orders small enough that I could service the payouts but large enough that I didn't need to continually replace the orders. At this point I was turning over about 1-2B each day in Jita (more on the weekends, less mid-week) with roughly 10% profit. I managed a reasonable turnover because I bought at Jita plus a three jump range, relying on public courier contracts to move stuff back to base for me. Three jumps around Jita does not include any lowsec systems but does cover a lot of producers, some of which are happy to save the travel and sell directly to a buy order. I paid couriers about 0.1% reward with 150% collateral, meaning that I paid 20k reward to transport 20m goods back to Jita at a 30m collateral. I wrote a script to report the current worth of assets in The Forge, sorted by station value, along with the collateral and reward required for each station. This was easy. I added replacement market orders every day or two, I never updated sell orders, and I still made a reasonable profit. This continued until I had accrued about 50B. The next major breakthrough occurred when I went POS hunting. I made another 50B with about a month of intensive POS scanning and war declarations. But it was too tiring to maintain and I felt bad for the poor fools I was stripping bare. 100B ISK was a major milestone. At this point I decided that a change of tactics was required. It was becoming increasingly difficult to spend all my ISK on buy orders so I diversified my items and bought a jump freighter. I toyed with lowsec for a while but soon concluded that sov nullsec was the place to be. I began stocking an alliance staging system and was soon turning over about 2-3B per day with 20% profit. Much better! And that brings us up to the present day. Well, almost. It brings us up to the buyback program which is another story altogether.

5 comments:

  1. Nice post Zappity and I think just what I need at the moment, having left a WH corp I wanted to try industry (trading and manufacture rather than mining) and I have been starting at the blueprints in the marketplace thinking which to invest in above and beyond the ones I already have.

    Most people are unwilling to share their “secrets” which is understandable but you have also kinda confirmed to me that you need some outside knowledge of something in order to pull the info together. From what you say here it seems to be PHP scripts plus MySQL database

    Having this sort of knowledge to be able to pull information out of EvE seems to be a pre-requisite for making good money, I have been in game since 2010 and am still short of 30b. and It is difficult if not impossible to find some kind of mentor in the game on this because the very nature of doing that takes profit away from the person doing the teaching.

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    1. I'd be surprised if there weren't third party tools which could do the job. I just prefer doing it my way.

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    2. You could try Evernus and see if it fits your needs. I use it but only in the most simplest manner. I'm no trader, tbh.

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  2. That impresses me to no end, Zap. While I could teach myself Python or php and remember SQL the will is just not there. Kudos on your effort and determination and inventiveness. Amazing really.

    My form of trading takes much longer and relies on the price cycles annually. Very slow stuff. If I'm ever to fly capitals it'll likely be as part of some alliance or coalition, or from the pockets of a very wealthy CEO.

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    1. Well there are plenty of alliances to choose from! I don't think that lots of isk is prerequisite for 'higher end' content.

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