Using external tools to haul profitably: Difference between revisions

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Using this process, haulers can easily make 1 million ISK about every 20 minutes - sometimes a little more, sometimes a little less. Not a bad return for something that is almost risk free.

As warned above, EVE Trade does not include sales tax in the net sales & gross margin figures; only the net profit takes sales tax into account. EVE Trade also doesn't show the effect of broker's fees of on your transactions. It's up to you to remember the potential effect that these costs will have on the profitability of your trades. Fortunately, the 5% standard sales tax is not hard to calculate, or make sure you have the Net Profit column showing when choosing your trades.

As warned above, EVE Trade does not include sales tax in the net sales & gross margin figures; only the net profit takes sales tax into account. EVE Trade also doesn't show the effect of broker's fees of on your transactions. It's up to you to remember the potential effect that these costs will have on the profitability of your trades. Fortunately, the 8% standard sales tax is not hard to calculate, or make sure you have the Net Profit column showing when choosing your trades.

You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by 11 percent per level. So, a fully maxed out {{sk|Accounting|V}} will cut the standard 5% sales tax down to 2.25%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade ~~a great deal~~ to ~~earn that back from slightly lower sales taxes~~.

You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by 11 percent per level. So, a fully maxed out {{sk|Accounting|V}} will cut the standard 8% sales tax down to 3.6%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade 113.6 million ISK in goods to recoup the cost of the skill (assuming you train it to IV).

Broker fees will also apply if you use the Advanced option in your market trades to set a specific selling price, rather than selling at available market prices (i.e., selecting the "Sell This Item" option and accepting the offered market price). Broker fees are variable and can double your transaction costs, especially if your standing to the faction of the station where you are trading is poor. An illustration of the relationship of standings to broker fee can be found here: [http://dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20110417.png] In general, sell at market prices, and don't use the Advanced option when hauling - unless you really know what you are doing, and you believe that your higher potential profits will make the additional broker fee worthwhile.

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 Using this process, haulers can easily make 1 million ISK about every 20 minutes - sometimes a little more, sometimes a little less. Not a bad return for something that is almost risk free.
-As warned above, EVE Trade does not include sales tax in the net sales & gross margin figures; only the net profit takes sales tax into account. EVE Trade also doesn't show the effect of broker's fees of on your transactions.  It's up to you to remember the potential effect that these costs will have on the profitability of your trades.  Fortunately, the 5% standard sales tax is not hard to calculate, or make sure you have the Net Profit column showing when choosing your trades.
+As warned above, EVE Trade does not include sales tax in the net sales & gross margin figures; only the net profit takes sales tax into account. EVE Trade also doesn't show the effect of broker's fees of on your transactions.  It's up to you to remember the potential effect that these costs will have on the profitability of your trades.  Fortunately, the 8% standard sales tax is not hard to calculate, or make sure you have the Net Profit column showing when choosing your trades.
-You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by 11 percent per level.  So, a fully maxed out {{sk|Accounting|V}} will cut the standard 5% sales tax down to 2.25%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade a great deal to earn that back from slightly lower sales taxes.
+You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by 11 percent per level.  So, a fully maxed out {{sk|Accounting|V}} will cut the standard 8% sales tax down to 3.6%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade 113.6 million ISK in goods to recoup the cost of the skill (assuming you train it to IV).
 Broker fees will also apply if you use the Advanced option in your market trades to set a specific selling price, rather than selling at available market prices (i.e., selecting the "Sell This Item" option and accepting the offered market price).  Broker fees are variable and can double your transaction costs, especially if your standing to the faction of the station where you are trading is poor.  An illustration of the relationship of standings to broker fee can be found here: [http://dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20110417.png]  In general, sell at market prices, and don't use the Advanced option when hauling - unless you really know what you are doing, and you believe that your higher potential profits will make the additional broker fee worthwhile.