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.

You do have to watch out for suicide gankers, of course. To minimize this risk, don't autopilot, warp to 0 between gates, and jump manually. And: insure your ship - always.

Note that EVE-Central does not include the effect of sales taxes or broker fees 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, sales taxes are easy to calculate. Every time you sell anything in EVE, one percent (1%) of your selling price is taken as a sales tax. This is universal throughout the EVE universe.

You can reduce the amount of sales tax by developing the Accounting skill - this skill reduces the sales tax by ten percent per level. So, a fully maxed out Accounting level of 5 will cut the 1% sales tax by half (50%), resulting in a sales tax rate of one-half percent (0.5%). However, the Accounting skill is relatively expensive to acquire (about 4.5 million ISK), so you will have to trade a great deal to earn that back from slightly lower sales taxes.

Broker fees 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). Broker fees are variable and can erode your profits, 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://go-dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20090510.png]

While you may be able to get higher potential margins by selling at a requested price, by using the Advanced option for your trades, you will also incur additional costs from broker fees, in addition to the usual sales tax. If you are not careful, you can completely erode all of your trading profits, as a result. It is for this reason that the process described above recommends selling at the market asking price, and thereby paying only the 1% sales tax (or a lower sales tax with Accounting skill trained).

The bottom line is: you can't avoid paying taxes, so just be sure that your market sales will more than cover the 1% tax expense.

You also have to watch out for suicide gankers, of course. To minimize this risk, don't autopilot, warp to 0 between gates, and jump manually. And: insure your ship - always.

Fly safe! o7

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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.
-You do have to watch out for suicide gankers, of course. To minimize this risk, don't autopilot, warp to 0 between gates, and jump manually. And: insure your ship - always.
+Note that EVE-Central does not include the effect of sales taxes or broker fees 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, sales taxes are easy to calculate.  Every time you sell anything in EVE, one percent (1%) of your selling price is taken as a sales tax.  This is universal throughout the EVE universe.
+You can reduce the amount of sales tax by developing the Accounting skill - this skill reduces the sales tax by ten percent per level.  So, a fully maxed out Accounting level of 5 will cut the 1% sales tax by half (50%), resulting in a sales tax rate of one-half percent (0.5%).  However, the Accounting skill is relatively expensive to acquire (about 4.5 million ISK), so you will have to trade a great deal to earn that back from slightly lower sales taxes.
+Broker fees 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).  Broker fees are variable and can erode your profits, 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://go-dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20090510.png]
+While you may be able to get higher potential margins by selling at a requested price, by using the Advanced option for your trades, you will also incur additional costs from broker fees, in addition to the usual sales tax.  If you are not careful, you can completely erode all of your trading profits, as a result.  It is for this reason that the process described above recommends selling at the market asking price, and thereby paying only the 1% sales tax (or a lower sales tax with Accounting skill trained).
+The bottom line is: you can't avoid paying taxes, so just be sure that your market sales will more than cover the 1% tax expense.
+You also have to watch out for suicide gankers, of course. To minimize this risk, don't autopilot, warp to 0 between gates, and jump manually. And: insure your ship - always.
 Fly safe! o7