The first time you looked at the market screen in EvE you probably wet and shat yourself at the same time and had to log off in confusion for an hour.
NEW INFO
Things have changed for the better recently for our corp and we are now primarily based in deep space, which means that some of what is in this guide may or may not apply to you. This guide is primarily aimed at high security area pilots, but it's good advice for anyone.
There’s WAY more information there than I’m going to explain here, the purpose of this thread is to simplify the in-game economy so that you can get your feet wet. For more detailed descriptions there are whole websites dedicated to explaining EvEs in-game economy and comparing it to real world stock markets. The systems was designed and is maintained by an economist who is a full time employee for CCP. There are charts and graphs that you can pull up that I don’t pretend to understand, if you want to get into that stuff and become an internet spaceship business tycoon, by all means do so and send me monies when you get rich.
This guide is my personal guidelines on buying and selling, your mileage may vary. I highly encourage veteran players to add their thoughts to the thread and I’ll do my best to adjust the OP accordingly.
So, you looted some shit huh?
Great, now you probably want to sell it.
Well don’t.
1: Hoard your shit.
Train a basic, cheap hauler (an “Industrial” in EvEspeak) and hoard your loot. Training a basic industrial takes a new player roughly 45 minutes. You don’t need the uber Industrial for your race, just the little one will do for now because you’ll only be looting little shit. Hoard your loot for at least a week or until you can't fit any more in your hauler, whichever comes first.
2: Find a good market nearby.
This is really easy.
• Travel to your HIGHSEC base of operations. This is the solar system you have set up your Mission Agent in.
• Go to the map.
• Click the “Star Map” tab.
• Click “Statistics”.
• Click “Number of pilots currently docked and active”.
• Find “You are here” on the map.
• Look around for the brightest star within 12 jumps, if there are no bright stars within 12 jumps, you might consider moving your Highsec base of operations, or be willing to make long sales hauls which isn’t that big a deal because you’re going to do this maybe 1 time a week.
• Right Click that star and create a bookmark called “My Market”.
• POW, you have found the best market for you. Just make sure it's in HIGH SECURITY space (.5 or greater)
I can tell you right now, the absolute best system to make money buying and selling is Jita. The upside is that it’s packed 24/7 which means your sales will happen very fast, and your buy orders will be filled quickly as well. The downside to Jita is that it’s packed 24/7 and the lag in the AM hours can become unbearable. I have seen no less than 1100 players Jita on a Friday morning, the lowest I have ever seen it was 150 players, not counting server restarts. But you have to take the good with the bad, Jita IS the EvE marketplace where all the action is. You can list your sales next door in Perimeter or New Caldari, but I find people will pay just a bit more in Jita because they want to buy everything in one place, sort of like an internet space wal-mart.
The best systems as far as I can tell, for each empires area are as follows:
Caldari - "Jita" hands down, in fact it's the best market in the game, if not the most lag ridden.
Ammar - "Ammar" pretty much, but the Ammarians don't have very many good markets. You'll sell your items for a good price but it will take longer due to low populations in the Ammar regions.
Minmitar - "Rens" is probably the second best market in the game, behind Jita.
Galente - "Oursulaert" and "Dodixie". The Galente have a wierd split market, the prices are similar in both systems, I dunno, Galente are just wierd like that.
3: DON’T EVER SELL YOUR LOOT TO A BUY ORDER UNTIL YOU CHECK HOW MUCH PEOPLES SELL ORDERS ARE!!!
I can’t tell you how much ISK I must have thrown away in my early EvE days. People will look for a certan item that no one is putting buy orders on, but people are selling for high ISK, then they will set a buy order for a few hundred ISK, you sell them the item cheap and they turn it around for hundreds of thousands in the exact same solar system. YOU could have sold it for hundreds of thousands, but you were in a rush and just spammed SELL SELL!!! This is bad. Always pay attention to what you are selling.
Here’s an example of how to do it right.
• Let's say you go out and kill something and loot a Medium Hull Repairer I
• You hoard it with all your other shit until you make your weekly market haul
• Once at a station in your market, move everything from your ship into the “Items” area of your station storage then click the market button.
• Right click the item (the actual item, in your Items area) you want to sell and select “View Market Details”.
• Medium Hull Repairer I comes up on the Market screen and lists Sell orders and Buy Orders. Now click the “Price” column on Sellers until the orders are listed with the LEAST expensive on TOP, then do the same to Buyers until the MOST expensive is on TOP.
• If the Highest Buy and Lowest Sell orders are very close, just sell the item outright. Simply right click the item, select “sell this item” and hit “Sell” on the pop-up.
• If the Sellers price is significantly above the Buyers price, right click the item, select “sell this item” and click the “Advanced” button in the lower right corner of the popup.
• Look again at the lowest selling price and set your price a bit less than that. If the Medium Hull Repairer I is selling for 65,473, and the Buyers are down at 33,450, set your sell price for 64,000. If the sellers are asking 167,876, set your price at 160,000 or even 150,000. DON’T FORGET TO SET THE DURATION. The default duration is 1 day and there’s nothing more annoying than setting up a bunch of sales only to see them all fall through because the time limit ran out. It is best to set your Duration at 2 WEEKS. If it doesn’t sell by them you should just melt it down (explained below).
If you use this method correctly I guarantee you will sell 95% of your items within a week, 80% of those items within minutes of putting them up for sale.
You will also find yourself running out of open sell orders very quickly. If so, train the skill "Trade" to at least level 3, then train the skill "Retail" to at least level 2. This will give you an additional 28 possible sell orders, 36 if you train "Retail" to level 3. Personally I do just fine at Retail level 2.
4: If it’s worthless, melt it down to make it worthmore… or something like that.
When you look at the price of your loot, odds are a hell of a lot of it will be worth less than 50k ISK. I don’t bother putting sell orders on anything worth less than 100k, and anything I can’t sell outright for more than 50k I recycle.
“Why?” you might ask. Because you don’t want to give someone something for damn near free just because no one wants it, and because when you recycle it, many times the minerals are worth a lot more than the item itself.
Ammo is a good example. If you don’t have a hell of a lot of looted ammo, it’s not going to add up to more than 10k if you’re lucky. But if you recycle that ammo, the minerals you get back may be worth 40-50k. And all those minerals pile up pretty quick if you have a lot of junk to recycle. You could end up selling 150k worth of minerals instead of 40k worth of junk.
5: BUY LOW SELL HIGH
Later on, after you’ve saved up in the millions, you can start looking at the market and seeing trends, seeing big ISK items that have HUGE Sell orders and much smaller Buy orders. A good example is the Rohk Battleship. As of today, the Rohk was Selling for 145 million Isk, and Buyers were offering 124 million Isk. Set yourself a 1 day Buy order for a Rohk at 125 Million Isk. Someone most likely will sell you the Rohk as long as no one puts a higher buy order above yours, but setting a 1 day order discourages people from doing that. Take that Rohk now and turn it around for somewhere between 140 to 144 million Isk and I promise you within a few hours you will have made an easy 15 to 18 million ISK for doing nothing more than watching the market for less than a minute.
On that note, when buying things I feel the best market to do so is Jita, as the prices are the most competitive, but when buying high ticket items like battlecruiser and up (really anything over 20 million ISK) it’s usually best to set a buy order and be patient, you’ll save a lot of money that way. If the buy orders and sell orders are very close, just go ahead and buy the item outright, but always pay attention to what you’re paying for or selling for and you’ll do fine.
And that’s pretty much it. With those 5 simple rules you should have no problem making a lot of monies in EvE. Just remember to have patience and pay attention, because there are people out to take your hard earned monies and they’re depending on you being rushed or just dumb to make their fortunes.
Additional information.
Some people use the "Meta Level" of the loot to determine whether or not to reprocess or sell. This is a valid method, I simply prefer to check the market price.
Some people only sell top named and tech 2 items, and reprocess everything else. Personally I think this is a method for losing money, but it does make your sales run go by faster and let you get back to the fight.
Getting high faction (through mission running with an NPC corp linked to the market you wish to use) reduces your unit loss when reprocessing, and I'm pretty sure it has an effect on all the little processing fees you incur when buying/selling. For example, if you want high faction in the Jita market, the most used station there is owned by Caldari Navy, so doing missions for and raising standings with Caldari Navy will benifit you greatly.
Minerals in high competition markets usually have higher Buy order prices than Sell order prices from systems nearby, but still, pay attention to your mineral sales as being in a low competition market means you should probably hoard your minerals for a while then put large bulk sell orders up once every 2 weeks or so (so you don't use up all your available sell orders
).
If you are super rich and want to just melt everything down that isn't worth 10 mil or more, good for you. My "Melt it under 50k and sell it over 100k" is a guideline that has worked for me, and is what I recommend for starting players who aren't Bagillionaires yet.
(For more info on scams contact Drunken Cajun
)
NEW INFO
Things have changed for the better recently for our corp and we are now primarily based in deep space, which means that some of what is in this guide may or may not apply to you. This guide is primarily aimed at high security area pilots, but it's good advice for anyone.
There’s WAY more information there than I’m going to explain here, the purpose of this thread is to simplify the in-game economy so that you can get your feet wet. For more detailed descriptions there are whole websites dedicated to explaining EvEs in-game economy and comparing it to real world stock markets. The systems was designed and is maintained by an economist who is a full time employee for CCP. There are charts and graphs that you can pull up that I don’t pretend to understand, if you want to get into that stuff and become an internet spaceship business tycoon, by all means do so and send me monies when you get rich.
This guide is my personal guidelines on buying and selling, your mileage may vary. I highly encourage veteran players to add their thoughts to the thread and I’ll do my best to adjust the OP accordingly.
So, you looted some shit huh?
Great, now you probably want to sell it.
Well don’t.
1: Hoard your shit.
Train a basic, cheap hauler (an “Industrial” in EvEspeak) and hoard your loot. Training a basic industrial takes a new player roughly 45 minutes. You don’t need the uber Industrial for your race, just the little one will do for now because you’ll only be looting little shit. Hoard your loot for at least a week or until you can't fit any more in your hauler, whichever comes first.
2: Find a good market nearby.
This is really easy.
• Travel to your HIGHSEC base of operations. This is the solar system you have set up your Mission Agent in.
• Go to the map.
• Click the “Star Map” tab.
• Click “Statistics”.
• Click “Number of pilots currently docked and active”.
• Find “You are here” on the map.
• Look around for the brightest star within 12 jumps, if there are no bright stars within 12 jumps, you might consider moving your Highsec base of operations, or be willing to make long sales hauls which isn’t that big a deal because you’re going to do this maybe 1 time a week.
• Right Click that star and create a bookmark called “My Market”.
• POW, you have found the best market for you. Just make sure it's in HIGH SECURITY space (.5 or greater)
I can tell you right now, the absolute best system to make money buying and selling is Jita. The upside is that it’s packed 24/7 which means your sales will happen very fast, and your buy orders will be filled quickly as well. The downside to Jita is that it’s packed 24/7 and the lag in the AM hours can become unbearable. I have seen no less than 1100 players Jita on a Friday morning, the lowest I have ever seen it was 150 players, not counting server restarts. But you have to take the good with the bad, Jita IS the EvE marketplace where all the action is. You can list your sales next door in Perimeter or New Caldari, but I find people will pay just a bit more in Jita because they want to buy everything in one place, sort of like an internet space wal-mart.
The best systems as far as I can tell, for each empires area are as follows:
Caldari - "Jita" hands down, in fact it's the best market in the game, if not the most lag ridden.
Ammar - "Ammar" pretty much, but the Ammarians don't have very many good markets. You'll sell your items for a good price but it will take longer due to low populations in the Ammar regions.
Minmitar - "Rens" is probably the second best market in the game, behind Jita.
Galente - "Oursulaert" and "Dodixie". The Galente have a wierd split market, the prices are similar in both systems, I dunno, Galente are just wierd like that.
3: DON’T EVER SELL YOUR LOOT TO A BUY ORDER UNTIL YOU CHECK HOW MUCH PEOPLES SELL ORDERS ARE!!!
I can’t tell you how much ISK I must have thrown away in my early EvE days. People will look for a certan item that no one is putting buy orders on, but people are selling for high ISK, then they will set a buy order for a few hundred ISK, you sell them the item cheap and they turn it around for hundreds of thousands in the exact same solar system. YOU could have sold it for hundreds of thousands, but you were in a rush and just spammed SELL SELL!!! This is bad. Always pay attention to what you are selling.
Here’s an example of how to do it right.
• Let's say you go out and kill something and loot a Medium Hull Repairer I
• You hoard it with all your other shit until you make your weekly market haul
• Once at a station in your market, move everything from your ship into the “Items” area of your station storage then click the market button.
• Right click the item (the actual item, in your Items area) you want to sell and select “View Market Details”.
• Medium Hull Repairer I comes up on the Market screen and lists Sell orders and Buy Orders. Now click the “Price” column on Sellers until the orders are listed with the LEAST expensive on TOP, then do the same to Buyers until the MOST expensive is on TOP.
• If the Highest Buy and Lowest Sell orders are very close, just sell the item outright. Simply right click the item, select “sell this item” and hit “Sell” on the pop-up.
• If the Sellers price is significantly above the Buyers price, right click the item, select “sell this item” and click the “Advanced” button in the lower right corner of the popup.
• Look again at the lowest selling price and set your price a bit less than that. If the Medium Hull Repairer I is selling for 65,473, and the Buyers are down at 33,450, set your sell price for 64,000. If the sellers are asking 167,876, set your price at 160,000 or even 150,000. DON’T FORGET TO SET THE DURATION. The default duration is 1 day and there’s nothing more annoying than setting up a bunch of sales only to see them all fall through because the time limit ran out. It is best to set your Duration at 2 WEEKS. If it doesn’t sell by them you should just melt it down (explained below).
If you use this method correctly I guarantee you will sell 95% of your items within a week, 80% of those items within minutes of putting them up for sale.
You will also find yourself running out of open sell orders very quickly. If so, train the skill "Trade" to at least level 3, then train the skill "Retail" to at least level 2. This will give you an additional 28 possible sell orders, 36 if you train "Retail" to level 3. Personally I do just fine at Retail level 2.
4: If it’s worthless, melt it down to make it worthmore… or something like that.
When you look at the price of your loot, odds are a hell of a lot of it will be worth less than 50k ISK. I don’t bother putting sell orders on anything worth less than 100k, and anything I can’t sell outright for more than 50k I recycle.
“Why?” you might ask. Because you don’t want to give someone something for damn near free just because no one wants it, and because when you recycle it, many times the minerals are worth a lot more than the item itself.
Ammo is a good example. If you don’t have a hell of a lot of looted ammo, it’s not going to add up to more than 10k if you’re lucky. But if you recycle that ammo, the minerals you get back may be worth 40-50k. And all those minerals pile up pretty quick if you have a lot of junk to recycle. You could end up selling 150k worth of minerals instead of 40k worth of junk.
5: BUY LOW SELL HIGH
Later on, after you’ve saved up in the millions, you can start looking at the market and seeing trends, seeing big ISK items that have HUGE Sell orders and much smaller Buy orders. A good example is the Rohk Battleship. As of today, the Rohk was Selling for 145 million Isk, and Buyers were offering 124 million Isk. Set yourself a 1 day Buy order for a Rohk at 125 Million Isk. Someone most likely will sell you the Rohk as long as no one puts a higher buy order above yours, but setting a 1 day order discourages people from doing that. Take that Rohk now and turn it around for somewhere between 140 to 144 million Isk and I promise you within a few hours you will have made an easy 15 to 18 million ISK for doing nothing more than watching the market for less than a minute.
On that note, when buying things I feel the best market to do so is Jita, as the prices are the most competitive, but when buying high ticket items like battlecruiser and up (really anything over 20 million ISK) it’s usually best to set a buy order and be patient, you’ll save a lot of money that way. If the buy orders and sell orders are very close, just go ahead and buy the item outright, but always pay attention to what you’re paying for or selling for and you’ll do fine.
And that’s pretty much it. With those 5 simple rules you should have no problem making a lot of monies in EvE. Just remember to have patience and pay attention, because there are people out to take your hard earned monies and they’re depending on you being rushed or just dumb to make their fortunes.
Additional information.
Some people use the "Meta Level" of the loot to determine whether or not to reprocess or sell. This is a valid method, I simply prefer to check the market price.
Some people only sell top named and tech 2 items, and reprocess everything else. Personally I think this is a method for losing money, but it does make your sales run go by faster and let you get back to the fight.
Getting high faction (through mission running with an NPC corp linked to the market you wish to use) reduces your unit loss when reprocessing, and I'm pretty sure it has an effect on all the little processing fees you incur when buying/selling. For example, if you want high faction in the Jita market, the most used station there is owned by Caldari Navy, so doing missions for and raising standings with Caldari Navy will benifit you greatly.
Minerals in high competition markets usually have higher Buy order prices than Sell order prices from systems nearby, but still, pay attention to your mineral sales as being in a low competition market means you should probably hoard your minerals for a while then put large bulk sell orders up once every 2 weeks or so (so you don't use up all your available sell orders
).If you are super rich and want to just melt everything down that isn't worth 10 mil or more, good for you. My "Melt it under 50k and sell it over 100k" is a guideline that has worked for me, and is what I recommend for starting players who aren't Bagillionaires yet.
(For more info on scams contact Drunken Cajun
)
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