Using external tools to haul profitably: Difference between revisions

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~~{{Update|Eve-central is no more}}~~

One way to earn InterStellar Kredits (ISK) is to haul (move) goods from one location to another, buying low and selling high.

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# When starting out, it might be a good idea to run hauls between the big trade hubs. Because of how the market works, prices are always different at the different hubs. A good and short route is between Amarr and Jita. A one way trip takes just about 10 minutes, which means the risk for someone else spotting the same profit is relatively low. Always check the details of an item to see detailed buy/sell orders and make sure there is ample demand in the destination station.

# One important factor to consider before selecting your trade run is [[sales tax]]. The universal sales tax rate in EVE is ~~eight~~ percent (8%), although this can be reduced to three ~~point six percent~~ (3.6%) by training {{sk|Accounting}} to V. EVE Trade does '''not''' include the effect of sales tax on the selling price (although it does when calculating Net Profit), and this is a potential trap for haulers carrying low margin goods. While the vast majority of trade runs in EVE have more than a 8% margin between the buying and selling prices, it is never guaranteed. Smaller haulers are unlikely to haul low-margin items, since they naturally tend to focus on trading goods that maximize profit per cubic meter (m3) of their very limited cargo space. But freighters, and haulers with very large capacities, are more likely to select larger volumes of goods at lower margins, so they can fill their expansive holds, and they can get caught more easily in a sales tax trap.

# One important factor to consider before selecting your trade run is [[sales tax]]. The universal sales tax rate in EVE is four point five percent<ref>Patch Notes: [https://www.eveonline.com/news/view/patch-notes-version-22-01 Version 22.01] Release 2024-07-25.1 - Marketplace taxes reduced to 4.5%. Down from 8%.</ref> (4.5%), although this can be reduced to two point zero three(2.03%) by training {{Sk|Accounting}} to V. EVE Trade does '''not''' include the effect of sales tax on the selling price (although it does when calculating Net Profit), and this is a potential trap for haulers carrying low margin goods. While the vast majority of trade runs in EVE have more than a 8% margin between the buying and selling prices, it is never guaranteed. Smaller haulers are unlikely to haul low-margin items, since they naturally tend to focus on trading goods that maximize profit per cubic meter (m3) of their very limited cargo space. But freighters, and haulers with very large capacities, are more likely to select larger volumes of goods at lower margins, so they can fill their expansive holds, and they can get caught more easily in a sales tax trap.

# '''THIS STEP IS IMPORTANT''': Most of the time, EVE Trade provides good suggestions for goods, but it's always a good idea to double-check. Click on the details button (little + to the left side of the respective item) and check how much good buy orders exist at your destination station. You don't want anyone else fulfilling all of them while you are still on the way. Another way to do this is are websites that get up to date market information, like [https://www.fuzzwork.co.uk/market/viewer2/#/ this market viewer]. Select your Region in the top left and then search for the item you want to buy or sell. Remember though, that the market in a busy trade hub, such as Jita, can be so volatile that between uploading market data and doing the route search, it can change significantly. One way to avoid this problem is by doing your trading in relatively quiet systems with more market stability. If your trade route ends in a trade hub it might be wise not to invest too much into a single run to avoid huge losses by inaccurate market data.

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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 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).

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 4.5% sales tax down to 2.03%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade 198.5 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: [https://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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* [https://k162space.wordpress.com/2010/02/28/hauling-how-not-to-die/ How not to die when hauling] (2010)

* [https://evemarketer.com/ EVEMarketer] and [https://www.adam4eve.eu/ Adam4EVE], other handy EVE market databases

== References ==

[[Category:Trade]]

[[Category:Hauling]]

[[Category:Guides]]

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-{{Update|Eve-central is no more}}
 One way to earn InterStellar Kredits (ISK) is to haul (move) goods from one location to another, buying low and selling high.
@@ Line 26: / Line 24: @@
 # When starting out, it might be a good idea to run hauls between the big trade hubs. Because of how the market works, prices are always different at the different hubs. A good and short route is between Amarr and Jita. A one way trip takes just about 10 minutes, which means the risk for someone else spotting the same profit is relatively low. Always check the details of an item to see detailed buy/sell orders and make sure there is ample demand in the destination station.
-# One important factor to consider before selecting your trade run is [[sales tax]]. The universal sales tax rate in EVE is eight percent (8%), although this can be reduced to three point six percent (3.6%) by training {{sk|Accounting}} to V. EVE Trade does '''not''' include the effect of sales tax on the selling price (although it does when calculating Net Profit), and this is a potential trap for haulers carrying low margin goods.  While the vast majority of trade runs in EVE have more than a 8% margin between the buying and selling prices, it is never guaranteed.  Smaller haulers are unlikely to haul low-margin items, since they naturally tend to focus on trading goods that maximize profit per cubic meter (m3) of their very limited cargo space.  But freighters, and haulers with very large capacities, are more likely to select larger volumes of goods at lower margins, so they can fill their expansive holds, and they can get caught more easily in a sales tax trap.
+# One important factor to consider before selecting your trade run is [[sales tax]]. The universal sales tax rate in EVE is four point five percent<ref>Patch Notes: [https://www.eveonline.com/news/view/patch-notes-version-22-01 Version 22.01] Release 2024-07-25.1 - Marketplace taxes reduced to 4.5%. Down from 8%.</ref> (4.5%), although this can be reduced to two point zero three(2.03%) by training {{Sk|Accounting}} to V. EVE Trade does '''not''' include the effect of sales tax on the selling price (although it does when calculating Net Profit), and this is a potential trap for haulers carrying low margin goods.  While the vast majority of trade runs in EVE have more than a 8% margin between the buying and selling prices, it is never guaranteed.  Smaller haulers are unlikely to haul low-margin items, since they naturally tend to focus on trading goods that maximize profit per cubic meter (m3) of their very limited cargo space.  But freighters, and haulers with very large capacities, are more likely to select larger volumes of goods at lower margins, so they can fill their expansive holds, and they can get caught more easily in a sales tax trap.
 # '''THIS STEP IS IMPORTANT''': Most of the time, EVE Trade provides good suggestions for goods, but it's always a good idea to double-check. Click on the details button (little + to the left side of the respective item) and check how much good buy orders exist at your destination station. You don't want anyone else fulfilling all of them while you are still on the way. Another way to do this is are websites that get up to date market information, like [https://www.fuzzwork.co.uk/market/viewer2/#/ this market viewer]. Select your Region in the top left and then search for the item you want to buy or sell. Remember though, that the market in a busy trade hub, such as Jita, can be so volatile that between uploading market data and doing the route search, it can change significantly. One way to avoid this problem is by doing your trading in relatively quiet systems with more market stability. If your trade route ends in a trade hub it might be wise not to invest too much into a single run to avoid huge losses by inaccurate market data.
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 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 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).
+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 4.5% sales tax down to 2.03%; however, the Accounting skill is relatively expensive to acquire (around 5 million ISK), so you will have to trade 198.5 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: [https://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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 * [https://k162space.wordpress.com/2010/02/28/hauling-how-not-to-die/ How not to die when hauling] (2010)
 * [https://evemarketer.com/ EVEMarketer] and [https://www.adam4eve.eu/ Adam4EVE], other handy EVE market databases
+== References ==
+<references />
 [[Category:Trade]]
 [[Category:Hauling]]
 [[Category:Guides]]