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 we warned in step 6 above, 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, the 1% standard sales tax is easy to calculate.

As warned in step 8 above, 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, the 1% standard sales tax is easy to calculate.

You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by ten percent per level. So, a fully maxed out Accounting level of 5 will cut the standard 1% sales tax by half, 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 and accepting the offered market price). Broker fees are variable and can ~~significantly 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] In general, sell at market prices, and don't use the Advanced option ~~for~~ hauling - unless you really know what you are doing, and you believe that your higher profits will make the additional broker fee worthwhile.

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://go-dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20090510.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.

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.
-As we warned in step 6 above, 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, the 1% standard sales tax is easy to calculate.
+As warned in step 8 above, 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, the 1% standard sales tax is easy to calculate.
 You can reduce the amount of sales tax by training the Accounting skill - this reduces sales tax by ten percent per level.  So, a fully maxed out Accounting level of 5 will cut the standard 1% sales tax by half, 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 and accepting the offered market price).  Broker fees are variable and can significantly 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]  In general, sell at market prices, and don't use the Advanced option for hauling - unless you really know what you are doing, and you believe that your higher profits will make the additional broker fee worthwhile.
+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://go-dl.eve-files.com/media/corp/Thoraemond/eve-market-order-broker-fees-20090510.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.
 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