Using external tools to haul profitably: Difference between revisions

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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]

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 and accepting the offered market price). 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).

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 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]
+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 and accepting the offered market price).  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).