Get rich quick: Difference between revisions

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Another side of station trading is having the required capital. Many station traders can earn more than 100 million ISK per week. This is enough to play for free by buying PLEXs. If you can master station trading only well enough to make a 5% return per day, you can still make 100 million ISK in a week if you can morph 250 million ISK into 350 million ISK at 5% per day for seven days. Rather than wait for a small bankroll to double every couple of weeks to get to 250 million ISK (if you can resist spending it!), it might make sense to test strategies using small volume trades and then sell a PLEX to raise the starting capital to apply those trades in high volume, then buy the PLEX back a month later after you have a big enough bankroll to afford it. Be sure that your target markets can support billions in ISK per day (mostly at Jita) if you want to deploy tens or hundreds of millions in them.

Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still over 1 million in profit every 90 seconds. Best may be to wait for enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.

==Contracting==

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There are many items that cost a lot of ISK, but are thinly traded in contracts. Few buyers means that the final auction price may be quite low. For example, when a rich player auctions off a ship with not-so-great rigs, the starting price is often less than the cost of the ship without rigs. A low-ball bid may be able to win and the repackaged ship resold immediately.

"Sniping", or bidding at the last minute, can be done to win an auction for far less than other bidders are willing to pay. A dedicated contract trader can observe when a juicy auction target changes over from being x days away to x-1 days away and have good information about when to log back in to snipe and win. One can also look up all of the auctions that have less than one hour to go.

"Sniping", or bidding at the last minute, can be done to win an auction for far less than other bidders are willing to pay. A dedicated contract trader can observe when a juicy auction target changes over from being x days away to x-1 days away and have good information about when to log back in to snipe and win. One can also look up all of the auctions that have less than one hour to go. I was able to buy a big package of Navy Auxillary Power Controls and Cloaking Devices worth about 1.6 billion ISK for about 1 billion.

Many goods are only sold in contracts. Thoughtful appraisal of a lot with multiple items can allow one to resell them for a profit. Be prepared to take some losses here learning the ropes.

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Skill at Contracting is a must.

(My alt, Jefferson Locke, has been contracting a little for a few months with an alt with level 4 that permits 17 items. Currently he has about 65 million ISK in goods offered by contract where about 80% of it turns over every 3 days with margins of 100% on half the items harvested in Okkelen and 20-50% on the other half bought from other contractors. Taking this to 100 million in profit per week would require harvesting higher level complexes with battleships, lowsec with cloakies or more contracting slots with another alt. Or becoming a can flipper like Von Lucifer. Of course you'll have to withdraw from Eve University first.)

(My alt, Jefferson Locke, has been contracting a little for a few months with an alt with level 4 that permits 17 items. Currently he has about 65 million ISK in goods offered by contract where about 80% of it turns over every 3 days with margins of 100% on half the items harvested in Okkelen and 20-50% on the other half bought from other contractors. Taking this to 100 million in profit per week would require harvesting higher level complexes with battleships, lowsec with cloakies or more contracting slots with another alt. Or becoming a can flipper like Von Lucifer. (Of course you'll have to withdraw from Eve University first.)

==Repeating non-repeatable Cosmos missions==

There ~~are level 2 and~~ 3 Cosmos ~~missions~~ that ~~reward or drop~~ 100 million ISK ~~implants~~ that can allow one to make ~~300~~ million ISK per week training a succession of alts to run them. ~~One of the missions~~ is a traditional Caldari Cosmos mission. Trial account alts are deterred by requiring a hauling mission prior to the mission with the nice reward. Industrial skill (even ORE) can only be taught to paying players. Getting an alt to Caldari standing 3 (all that's required now to access a level 3 agent in Incarna) and sufficient industrial skill can be done in about a week by running all agents in the career funnel twice while training Social and Connections.

There is a Level 3 Cosmos mission that rewards a 100 million ISK implant that can allow one to make 100 million ISK per week training a succession of alts to run it, then killing them off. The mission is a traditional Caldari Cosmos mission. Trial account alts are deterred by requiring a hauling mission prior to the mission with the nice reward. Industrial skill (even ORE) can only be taught to paying players. Getting an alt to Caldari standing 3 (all that's required now to access a level 3 agent in Incarna) and sufficient industrial skill can be done in about a week by running all agents in the career funnel twice while training Social and Connections. Of course that would not leave any training time for your main, so there needs to be some more to the strategy.

There's a Level 2 Angel Cartel Cosmos mission in high sec requiring Battlecruiser prowess that is rumored to ~~drop two +5~~ implants. Training Diplomacy 3 or Connections 3 should allow access to a Level 2 agent even with respectively a low or mild negative base standing.

There's a Level 2 Angel Cartel Cosmos mission in high sec requiring Battlecruiser prowess that is rumored to drops about 4 15 million ISK implants. Training Diplomacy 3 or Connections 3 should allow access to a Level 2 agent even with respectively a low or mild negative base standing.

If you don't want to interrupt your skill training to train an alt, consider being your own buddy. The buddy program (which comes and goes every few months) permits you to invite someone else--or yourself--to become a new member. You pay for a plex on the new account and receive a plex in the old account. Some players (like me) make their alts permanent after doing this so it's reasonable to think that this is a legitimate way to get a second training queue going.

It may require two-boxing with your main to get the mission drops and rewards. That may require a complete second box if you have not yet paid to upgrade the trial account because the CCP clients will not do simultaneous logging in on a trial account and a regular account from the same machine. Since two boxing is a way some players really enjoy playing, CCP may be making a mistake here to make two-boxing hard.

It may require two-boxing with your main to get the mission drops and rewards. That may require a complete second physical computer "box" if you have not yet paid to upgrade the trial account because the CCP clients will not do simultaneous logging in on a trial account and a regular account from the same machine. Since two boxing is a way some players really enjoy playing, CCP may be making a mistake here to make two-boxing hard.

There may be some other gems of missions that drop expensive blueprints or equipment that it's worth starting another alt to go for.

(I ~~haven~~'~~t completed this strategy yet, but maybe soon~~.)

This one still requires some work to get to the 400 million mark each month in a reasonable amount of time, but the two missions are real and I've run them.

== Manufacturing ==

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I joined the uni trying to learn trading, mining, hauling, contracting and all things business. Given the population of Jita, trading is what many players have as an avocation to pay for whatever they do for fun. But it has to be pretty compelling for so many to do it so much. After learning the basics of trading, my alt started grinding standing with Caldari Navy. This led to a precipitous drop in standings with other factions because I wasn't paying attention to what faction I was missioning against. I started repairing my standing and grinding standing with Cosmos missions and extra career funnels. I learned hauling and Navbot. I learned what Cosmos items were where and which were hard to get and had great rewards. I learned contracting and auctions. I trained battlecruisers and battleships. My trading and contracting blossomed to allow faction ships, drones and weapons. Harvesting cosmos items became easier both in the complexes and in the markets. I started dabbling in ships, expensive ship equipment and later minerals in station trading. Minerals is almost as much adrenaline as getting targetted by a gate camp. So 3 months after completing the Sisters of Eve Epic Arc, my alt's a billionaire and has another billion in ships, equipment and trade goods. Too fast? Or just getting started?

Update 8/30: I got a big auction contract and just about broke 2 billion ISK in cash and nearly 3 billion including ships and trade goods. Working on jump clones, getting Caldari Navy status above 8 and cloakie skill to do the level 4 epic arcs and cosmos missions in low sec to get better Caldari status. Training connections 5--when finished I'll be three missions away from a jump clone. If my alt was in E-uni, it could just trek to get one at Wiyrkomi Peace Corps. I could join another corp to use their 8.0 standing to get a clone but I wanted to earn 8.0 myself.

Send Freeman Locke a mail with 1 ISK if you liked the article.

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 Another side of station trading is having the required capital. Many station traders can earn more than 100 million ISK per week. This is enough to play for free by buying PLEXs. If you can master station trading only well enough to make a 5% return per day, you can still make 100 million ISK in a week if you can morph 250 million ISK into 350 million ISK at 5% per day for seven days. Rather than wait for a small bankroll to double every couple of weeks to get to 250 million ISK (if you can resist spending it!), it might make sense to test strategies using small volume trades and then sell a PLEX to raise the starting capital to apply those trades in high volume, then buy the PLEX back a month later after you have a big enough bankroll to afford it. Be sure that your target markets can support billions in ISK per day (mostly at Jita) if you want to deploy tens or hundreds of millions in them.
+Once you have high standing and low broker fees and taxes and a big bankroll, consider trading PLEX. There are a couple of thousand trades a day. If half are at the bid, and half the ask, that's 1000 * the spread between the bid and the ask changing hands. At a 5 million spread for a 375 million PLEX, that's about 1.3%. The lowest possible round trip commission and tax is about 0.94%. But at 1.1%, that's still over 1 million in profit every 90 seconds. Best may be to wait for enough capital for 3 or 4 plexes so that one can stay at the head of the queue for 90% of each 5 minute cycle.
 ==Contracting==
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 There are many items that cost a lot of ISK, but are thinly traded in contracts. Few buyers means that the final auction price may be quite low. For example, when a rich player auctions off a ship with not-so-great rigs, the starting price is often less than the cost of the ship without rigs. A low-ball bid may be able to win and the repackaged ship resold immediately.
-"Sniping", or bidding at the last minute, can be done to win an auction for far less than other bidders are willing to pay. A dedicated contract trader can observe when a juicy auction target changes over from being x days away to x-1 days away and have good information about when to log back in to snipe and win. One can also look up all of the auctions that have less than one hour to go.
+"Sniping", or bidding at the last minute, can be done to win an auction for far less than other bidders are willing to pay. A dedicated contract trader can observe when a juicy auction target changes over from being x days away to x-1 days away and have good information about when to log back in to snipe and win. One can also look up all of the auctions that have less than one hour to go. I was able to buy a big package of Navy Auxillary Power Controls and Cloaking Devices worth about 1.6 billion ISK for about 1 billion.
 Many goods are only sold in contracts. Thoughtful appraisal of a lot with multiple items can allow one to resell them for a profit. Be prepared to take some losses here learning the ropes.
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 Skill at Contracting is a must.
-(My alt, Jefferson Locke, has been contracting a little for a few months with an alt with level 4 that permits 17 items. Currently he has about 65 million ISK in goods offered by contract where about 80% of it turns over every 3 days with margins of 100% on half the items harvested in Okkelen and 20-50% on the other half bought from other contractors. Taking this to 100 million in profit per week would require harvesting higher level complexes with battleships, lowsec with cloakies or more contracting slots with another alt. Or becoming a can flipper like Von Lucifer. Of course you'll have to withdraw from Eve University first.)
+(My alt, Jefferson Locke, has been contracting a little for a few months with an alt with level 4 that permits 17 items. Currently he has about 65 million ISK in goods offered by contract where about 80% of it turns over every 3 days with margins of 100% on half the items harvested in Okkelen and 20-50% on the other half bought from other contractors. Taking this to 100 million in profit per week would require harvesting higher level complexes with battleships, lowsec with cloakies or more contracting slots with another alt. Or becoming a can flipper like Von Lucifer. (Of course you'll have to withdraw from Eve University first.)
 ==Repeating non-repeatable Cosmos missions==
-There are level 2 and 3 Cosmos missions that reward or drop 100 million ISK implants that can allow one to make 300 million ISK per week training a succession of alts to run them. One of the missions is a traditional Caldari Cosmos mission. Trial account alts are deterred by requiring a hauling mission prior to the mission with the nice reward. Industrial skill (even ORE) can only be taught to paying players. Getting an alt to Caldari standing 3 (all that's required now to access a level 3 agent in Incarna) and sufficient industrial skill can be done in about a week by running all agents in the career funnel twice while training Social and Connections.
+There is a Level 3 Cosmos mission that rewards a 100 million ISK implant that can allow one to make 100 million ISK per week training a succession of alts to run it, then killing them off. The mission is a traditional Caldari Cosmos mission. Trial account alts are deterred by requiring a hauling mission prior to the mission with the nice reward. Industrial skill (even ORE) can only be taught to paying players. Getting an alt to Caldari standing 3 (all that's required now to access a level 3 agent in Incarna) and sufficient industrial skill can be done in about a week by running all agents in the career funnel twice while training Social and Connections. Of course that would not leave any training time for your main, so there needs to be some more to the strategy.
-There's a Level 2 Angel Cartel Cosmos mission in high sec requiring Battlecruiser prowess that is rumored to drop two +5 implants. Training Diplomacy 3 or Connections 3 should allow access to a Level 2 agent even with respectively a low or mild negative base standing.
+There's a Level 2 Angel Cartel Cosmos mission in high sec requiring Battlecruiser prowess that is rumored to drops about 4 15 million ISK implants. Training Diplomacy 3 or Connections 3 should allow access to a Level 2 agent even with respectively a low or mild negative base standing.
 If you don't want to interrupt your skill training to train an alt, consider being your own buddy. The buddy program (which comes and goes every few months) permits you to invite someone else--or yourself--to become a new member. You pay for a plex on the new account and receive a plex in the old account. Some players (like me) make their alts permanent after doing this so it's reasonable to think that this is a legitimate way to get a second training queue going.
-It may require two-boxing with your main to get the mission drops and rewards. That may require a complete second box if you have not yet paid to upgrade the trial account because the CCP clients will not do simultaneous logging in on a trial account and a regular account from the same machine. Since two boxing is a way some players really enjoy playing, CCP may be making a mistake here to make two-boxing hard.
+It may require two-boxing with your main to get the mission drops and rewards. That may require a complete second physical computer "box" if you have not yet paid to upgrade the trial account because the CCP clients will not do simultaneous logging in on a trial account and a regular account from the same machine. Since two boxing is a way some players really enjoy playing, CCP may be making a mistake here to make two-boxing hard.
 There may be some other gems of missions that drop expensive blueprints or equipment that it's worth starting another alt to go for.
-(I haven't completed this strategy yet, but maybe soon.)
+This one still requires some work to get to the 400 million mark each month in a reasonable amount of time, but the two missions are real and I've run them.
 == Manufacturing ==
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 I joined the uni trying to learn trading, mining, hauling, contracting and all things business. Given the population of Jita, trading is what many players have as an avocation to pay for whatever they do for fun. But it has to be pretty compelling for so many to do it so much. After learning the basics of trading, my alt started grinding standing with Caldari Navy. This led to a precipitous drop in standings with other factions because I wasn't paying attention to what faction I was missioning against. I started repairing my standing and grinding standing with Cosmos missions and extra career funnels. I learned hauling and Navbot. I learned what Cosmos items were where and which were hard to get and had great rewards. I learned contracting and auctions. I trained battlecruisers and battleships. My trading and contracting blossomed to allow faction ships, drones and weapons. Harvesting cosmos items became easier both in the complexes and in the markets. I started dabbling in ships, expensive ship equipment and later minerals in station trading. Minerals is almost as much adrenaline as getting targetted by a gate camp. So 3 months after completing the Sisters of Eve Epic Arc, my alt's a billionaire and has another billion in ships, equipment and trade goods. Too fast? Or just getting started?
+Update 8/30: I got a big auction contract and just about broke 2 billion ISK in cash and nearly 3 billion including ships and trade goods. Working on jump clones, getting Caldari Navy status above 8 and cloakie skill to do the level 4 epic arcs and cosmos missions in low sec to get better Caldari status. Training connections 5--when finished I'll be three missions away from a jump clone. If my alt was in E-uni, it could just trek to get one at Wiyrkomi Peace Corps. I could join another corp to use their 8.0 standing to get a clone but I wanted to earn 8.0 myself.
 Send Freeman Locke a mail with 1 ISK if you liked the article.