Eve Online - Why small industry can be easier

[@jesseamaya4413]

Only been playing a few months. I started in industry by buying BPOs for stuff I use (ammo, mining charges couple of smaller mining ships) and turn around and sell what I don't need. I also rat up to level 3 and salvage with the intent to reprosess, the station I'm in doesn't cost me anything for reprocessing. I also research my BPOs when I have some inventory of that particular item in hangar. NOT saying I'm making a profit but it keeps me entertained and I have been keeping above water so far.

[@Gamerznation704]

I guess I view industry as less of a *profit* but more of a why. I do make T2 Projectile Weapons, but I also buy an maintain a decent BPO library. I also exclusively sell in Hek / Rens. I do this because I want to improve those markets. *Profit* is a goal but its more about my average spending habits. I do faction warfare with small frigates / sometimes cruisers or battlecruisers which means my spending habits are there. Meaning I don't really need billions to keep playing and enjoying the game. However, I DON'T like it when for example there is a shortage of 425 autocannons in Hek for example, so I make sure that there is some there. I view *Industry* as a farmer who sells to their local market from a minimialist perspective so maximizing on profit isn't actually neccesary.

[@Agnus78]

Ppl like, you make this game better. Kudos.

[@jamegumb7298]

I have a small fleet I keep in Boystin, a lot is not for sale there. So I took some BPO over there, and now just build it, sell the excess. Might need a Caracal one there soon or take a bunch of copies there.

[@ColonelSixxx]

I too, am against the Jita monopoly

[@eipebpeax]

Industry at the right level it takes time and experience this is the appealing part of the eve and hope it will remain. If they will make it easy it won't be fun for a small part of the players who enjoy this kind of economic simulation :)

[@strange_Net]

Hey man, completely agree, its the planning and focusing on the long term and crunching numbers which for me is the appealing part. Take that away and your left with nothing.

[@DarkForgedServices]

Always great! Always love a good ramble. Especially in a British accent. ;) Diversity is King. Gryphter and my other toons are Small Industrialists for sure.

[@goldeneagle256]

i currently have 4 toons involved in my industry, and ive found that t2 ship production are an awesome way to go. they uses all the same base materials, same reaction blueprints, and same sets of components for the different races. if you was originally rdy to start producing batch of maledictions, and for some reason marked crash on them, you can just build crusaders, or some of the other smaller amarr ships instead, or even just build a fewer larger ships that mostly gonna give you same profitt margin. that type of production are allso quite easi to expand when you starting to get up to point where you can afford proper stockpiles of everything you use. to use malediction as an example, that currently takes me 7 hours to build, cost me about 13 mill, and they usually sells for around 25 mill each on local marked. havent really done calculation on how long time it takes to make the parts for the ship vs actuall building ship, but if we say parts take just as long as the ship, then we talking about 750k isk/hour for each slot. ive tried to do some rig production and more normal t2 modules for ships, but dont really find it worth the hussle...

[@k0rinthian]

Thanks for your great videos. I’m a beginner industrialist, and I’ve learnt heaps from your work.

[@ShadowareCo]

try build and sell in regions.

[@oranaz551]

Blue prints are a long term investment.What makes ISK today may not pay tomorrow but they may come back in six months.The thing is you need to ready to jump on things having the BPOs already researched and ready to go helps alot

[@jefflangham5113]

the people that "can't find what to build" are usually only looking for a unicorn. They want a product that they already built that is already at a market that is sold out, that has high profit margin and high demand so it sells instantly.

[@jefflangham5113]

Also, a good segway for the new indy player that "just builds drones". I would recommend building drone adjacent things, suck as drone links. Now they build drones and links. Then branch into other support fittings etc. Break out of that unprofitable safety blanket. Educated Risk = Reward

[@KyleMaxwell]

I build a lot of T2 rigs (including Medium Polycarbonates, heh). The trick with those is to have a lot of different kinds of rigs to invent and build. But as you say, I just use the one character for industry.

[@Netbase2000]

I used station trading to fund my first industry investments. Worked out

[@tarzanzabujca]

thank you very much, that answers basically what i asked in previous videos :D gotta warm up that calculator again :D

[@rainrirox148]

Hello my friend incredible video as usual

[@stefangrobbink7760]

As a smaller industrialist it could be worth selling in smaller markets too. The margins are better and the bigger players stay clear from those.

[@Retal01]

Once you've got spreadsheets setup properly you can scan an entire market (modules/ships/components etc) in a minute or 2. Makes it a lot quicker/easier to get an overview of the market and decide what you want to build. I found scaling up to be easier building a few of a lot of items, rather than saturating one particular market at a time.

[@KashifKhan-eq1si]

That's a really great point. Without giving away your own personal secrets obviously, could you give us a overview or a snapshot or even that small how to on how to get a proper spreadsheet started for this and how to scan the market as mentioned for a brand new player that is looking to get into this field?

[@marcusalexander7088]

Yeah. The problem is, at least for me, the current spreadsheets are a pain in the arse to build compared to the way they used to be before CCP (of course) changed things and broke all my old sheets. I've been tempted to just find someone and pay them (ISK) to build some.

[@Retal01]

@@KashifKhan-eq1si I can't post screenshots here. But tab 1 is settings, input whether you're buying/building components, where you're buying them (which hub) specify all structures and rigs used and logistics fees (I don't do my own hauling to 0.0 and back). There's then a few computational tabs with one pulling in game prices from the evepraisal API. Then the main sheet which lists all the items to be produced. This sheet uses ESI price info to quickly show %profit for each item, what the volume sold per week is in each hub I'm interested in and I can input how many I want to build of each. This then feeds through to a bill of materials required to produce those items. This then feeds through to a stockpile tab which compares what I have in my hangar Vs what I need in order to produce the items. Then it's a mindless task of sticking those jobs in the cooker.

[@balla2172]

Do u use Google docs or Mac numbers to build out the spreadsheets

[@chubbyman6929]

Great video again, thanks. Personally, I stated industry with Iron charge small ammo and worked up to Orca's in 18 months. Check to see what sells, and see if it is profitable to build in your own circumstances.

[@dag_of_the_west5416]

Curious to know what your cost to manufacture an orca is and if you mine for materials or buy them off a market?

[@chubbyman6929]

@@dag_of_the_west5416 Prior to the asteroid DNA changes and then the industry changes I mined all the highsec ore available and then bought from the cheapest highsec seller for the rarer minerals. I would use highsec refineries and engineering complexes with the cheapest system index and lowest taxes, within about 5 jumps of my base of operations. I would make one every 3 weeks and mark up the selling price to 200% of build costs. Made my first 10 from bpcs that i bought off contract and then invested in BPO's as I could afford them. All on a solo toon.

[@chickensalt8407]

I havent looked into to much of this in eve. I think it would kinda cool but not sure I could keep track of it all. Tho with the Excel import thing might make it easier. You made 232,514,451 isk in this vid :)

[@dag_of_the_west5416]

One thing to do before you decide to buy a blueprint is look at the item's industry tab and figure out the basic material cost for that item. If you can buy the item from a sell order lower than your material cost then don't buy that blueprint, find something else.

[@bombardier010]

hope to bump into you someday somewhere in New Eden :D

[@Zutraxi]

With one character I aim for a mil+ profit oer hour. When you have to undercut all the time you need that extra money after tye changes.

[@Blasterfire00]

Wow, how do you manage so much per slot at scale? I use isk per hour to try to find stuff to build and I'm lucky if I can find something with enough volume at 100k/hour. I can only make a few slots worth of things worth 200+

[@N4jss]

thanks that helped a lot!

[@Abezy712]

Hello and thank you for the videos . Quick question do you take the time to research the BPO or just run it without it ?

[@strange_Net]

Hey Abezy, depends on the BPO but 95% of the time I research the BPO's. Some BPOs don't benefit from research but most do so makes sense to try to maximise profits where you can.

[@Abezy712]

@@strange_Net cool thank you again I just went ahead and started researching them to 10 %. I'm thinking it will pay of long term

[@UK_Sgt_7094]

I have taken an 11 year break and just came back to Eve, back in 0.0 and not really enjoying it. Used to love mining & production and thinking of going back to it but probably going to need new skills etc. Still got a POS etc and tons of BPO's and BPC's

[@thecomposerchanginggames5250]

Nice! And wow! Welcome back!

[@ShadowareCo]

try to return it in highsecs, maybe?

[@timscherermedienproduktion6440]

First! :D

[@thelazy0ne]

First! :P

[@iduddnri]

well i know nothing about industry but i am interested in trading, buy and sell, buy stuffs in a half price and sell stuffs at normal price ;p but since i know i can't beat undercutting people i just modify the price drastically until it reaches half price or normal price ;p then i leave it or cancel it

[@thelazy0ne]

Fire sale....

[@iduddnri]

@@thelazy0ne not a fireSale but preventing monopoly from undercutting people who are exploiting

[@Netbase2000]

Why r you using rigs as example. Thats my branche!

[@UKBxnzh]

How do you get around people undercutting you constantly? It's a little disheartening watching your sell order slowly disappear out of sight. Do you just leave it alone or adjust the price?

[@strange_Net]

Hi Ben, personally I leave them alone however its easier to do that when you have billions in the bank. If you're just starting out and need the ISK to be re buying things its a little more difficult nowdays.

[@hitopsful]

You just have to put up smaller sized orders to make it easier and cheaper to manage. Really no other way around it besides waiting the other orders out, which is the worse thing to do if you aren't very wealthy like he said IMO

[@audiojake8]

Honestly with how people in big Null corps can sell everything at a loss, just buy plex and sell it for isk instant billion. Then try industry without the pressure of profits and see if you enjoy the activity at all.

[@thelazy0ne]

Usually when you're making an order you're targeting a profit. You can calculate exactly how much you'll have if you sell at that price. By updating your order you cut into your profit and you cut twice. First cut is the fact that you reduce the price, second the cost of updating. You can update your order until you zero out on profits. Updating any further means you bleed off money. Best way to do it is too look at how much profit you'll make if all is perfect, and then figure out what's the lowest you'll go. Trade PVP relies on the fact that some traders will update with the 0.01 is, but the update tax cuts harder. So you might as well update by 1 isk or 14 or whatever. But you absolutely need to know when to stop. If you don't, you'll sell your stuff and you'll realize you have less money than you started with. And that's how you get bankrupt.

[@RenlangRen]

If you are a small numbers producer it is important to maximize the profit per item. Most things have a weekly cycle of the price dropping around Friday and then starting to go back up Sunday. The price cutters tend to undercut each other heavily Friday night and Saturday morning as people come in the game more on the weekend. As the lazy one said avoid avoid trying to undercut the discount sellers and be patient. You will make a better profit margin with patience selling during the week day. But you have to not worry if you item doesn’t sell that weekend. Above all watch the market long term. Because activity in the game tends to fluctuate between the weekdays and the weekend, the price tends to fluctuate as well.

[@andynewport3465]

When is the skin raffle announcements dude?

[@ShadowareCo]

very little amount of details... not word about invention - how much need T2 ships bpc's for market?

[@joeblack5393]

Small scale industry is a noob trap just as much as venture mining is. Youre essentially wasting your life. In particular when it comes to industry. Youre often putting as much labor in, as you would in large scale industry, and in return you make pittance compared. Looking at those rigs for example, youre saying that one rig is good because youre making 400k per unit, but at that point, you might as well just put up buy orders, and simply resell them when the order fills up. Youll make more money for 10x less work. Not to mention large scale trading, where i used do 3 or 4 trades / month, and make more isk from those alone, to plex all my accounts and then have a bunch left on top.

[@audiojake8]

I agree the amount of effort not to mention capital you need to even start small scale Industry is insane in EVE right now. People are essential selling bloated stock they sat on for years at a loss atm.

[@thelazy0ne]

Yes but what you're saying is basically trader territory not industrialist territory. The moment you start flipping you're a trader not a manufacturer. There's ISK to be made in all branches.

[@joeblack5393]

@@thelazy0ne There is. In same way that ore you mine yourself is free, right? 99% of industry is shit, and most people who engage in it, and claim otherwise, mostly lie to themselves. If something takes you longer to make isk equivalent of 500 plex, than it takes you in real life to earn the real life money equivalent of 500 plex, its shit. And vast majority of industry gives you minimal profit per item OR its not scalable OR its not reliable. Its all very high on time requirement. You have to plan stuff, you have to move resources/components, you have to move product, you have to have trading skills etc etc etc. You make more isk by flipping high value low volume items without making anything at all, unfortunately.

[@dag_of_the_west5416]

Ore you mine yourself isn't free. Before using that ore in industry you need to calculate how much you could have reasonably made from selling the ore and add that into your base manufacturing cost for the item.

[@thecomposerchanginggames5250]

@@joeblack5393 Hate to admit it, but you're right. It's really hard to make a decent profit in pure industry without tens of billions to invest.