New batches and new business

In the last 2 days now the 2^nd and 3^rd batch is in sales orders in Jita, 30% of it is in Amarr as planned, it is clearer now that some items are sold very fast, some other items need babysitting, while other items are just mistakes.

So, I have updated my item’s list as planned and now they are 10 (should be) profitable items.

Coming from a situation of very slow slots rotation, where bowheads and astrahus took one week, to a situation of fast paced manufacturing jobs (T2 weapons) is a bit overwhelming for me, as I need to daily manage industry jobs,  and move materials and products by myself (I have one account), my goal is to launch 1 day jobs so the impact of market fluctuations is minimized, but because of this, many slots stayed idle for long time, this is what I should avoid at all costs, because “what matters the most for an industrialist is continuously active slots”.

Most of this inactivity was in reaction slots, as composite reactions are out of my plan, that’s why I taped a new door: Molecular forged reactions, on paper they are profitable and not complex, the down-sides are the high volume of the initial materials and the unavailability of some rare gases in Amarr, despite this the first batch is ready and hitting the market while I am typing this post.

What I will do now:

1.   Consolidate my new molecular forged reactions business with more blueprints.

2.   Create buy orders for Robotics as they are expensive material for T2 manufacturing, this will lower the T2 materials bill.

3.   To lower idle slots I will partially restart my bowhead/avalanche production the next month, I will keep this month for T2 / molecular forged business only to have a clear situation in the end of the month.

 

First batch lessons

 

The batch finished and it is in Jita sales since 3 days now, 2 of 7 items in the batch already vanished from my sales in less than 24 hours, others still struggle, as their prices start to fall, looks like I came a bit late for the profits party.

What I can do now is to babysit the orders until the end, the harsh competition in Jita has no mercy. 

The market fluctuation hits hard again, and what is profitable yesterday is barely doable today, I think this is one of the most important factors to understand in EVE Online, but it is not the only approach, I can just stop following what is profitable today and focus on what is profitable often, means to play the long game, and accept to tie few billions in sales orders for days, to do this I will rectify my sales strategy as per the following:

1.   revise / add more items to the manufacturing batch to spread the risk of fluctuation, now I have 7 items, I will rise to 10.

2.   Reserve 30% of my output to be sold in Amarr hub and accept the fact that it may takes time.

The second batch has been already started with the previous list of manufacturing, guess I will apply these corrections in the coming one.

 

First steps

 

Enough theory! Time for action, after subbing in the game for 6 months, and renewing my EVEGuru sub, I made some rearrangements in my previous industrial base, it is an NPC station less than 10 jumps from Amarr, the system has low industry index and most important low population, also there is an adjacent non-industrial system for future anchoring of a Raitaru (mid term goal if needed).

Day 1:

I chose seven T2 items to build as a first batch, some of the BPOs are not in my library, so I did the run and bought them all.

First thing first is to start having some quick copies for T2 invention; thanks god I don’t need fully researched copies.

For the components, I just bought fully researched BPO from the contracts market.

Heading back to Amarr, I bought the missing materials and hauled them to the base and launched the components manufacturing.

Day 2

Quick copies ready, some components ready, time to launch T2 invention, did some errors in number of jobs (as usual).

I launched some T1 variant manufacturing, launched also the TE and ME efficiency jobs before manufacturing the missing T1.

Day 3

Most of invention is done, I need to wait another day for the T1 to finish, for sure this is the most messy and inefficient batch, as it is the first one and it is delayed by the ME and TE research, surely the whole process efficiency will rise in the future.