Profit and Loss- Quest For 11 Figures Update- 2 Months In

When I first started this venture I was planning on pumping out a Naglfar every two weeks or so (it takes 11 days to build the thing, and some extra time to buy/build the capital components as well as sell the darn thing).  I had 2.9B liquid, a fair amount of BPOs for capital components (about half) and a Nag BPO.  Naglfars had BUY orders for around 2.9-3.0B with a build cost of around 2.3-2.4B (and that is using jita sell order prices).  That means that a conservative estimate was 500M per Nag, or about a bill a month assuming a Nag built every 2 weeks.

Two months in, I have just recently sold my first Naglfar.  How did I do?  Not well.

I sold my first nag at a price of 2.32 Billion (net of order and sales tax fees).  So what went wrong?
1: In the two months, prices have fallen for minerals, rather heavily.  Build Cost is now about 2.0B, roughly a 15-20% decline.
2: The war in fountain is now over, lowering that temporary demand for Naglfars, pushing prices down.
3: Two weeks in, I decided to research ME to 1 on my BPO.  This did indeed lower the BPO inefficiency from 10% to 5%, however, it took a month (33 days), during which period prices for minerals fell further than the 5% savings I was gaining by doing the research.  The smart thing would have been to sell all minerals I had attained at that time, and buy them up again once the BPO was close to done researching.

Where do things stand now?  The buy orders for Naglfars are very close to the build cost of roughly 2B.  However, there is a rather large spread between buy and sell orders.  The lowest sell order in The forge is currently 2.74B (some other regions are less, but all are 2.4B or higher)

So although I did lose ISK on building my first Nag, I will continue to build, as long as I believe I can sell them using sell orders for somewhat over build cost.

Where do I stand now?

2.54B ISK liquid

170M in inventory (Liquid Ozone cynos)
300M minerals toward next Naglfar.

Total worth: 3.01B ISK

Despite the fact that I took a (small) loss on my first Nag, and that I've run at least one POS continuously (Poses eat fuel, nom nom nom), I've managed to make 110M ISK in 2 months.

For those of you following along at home, that's a horrible return for two months, even considering that I don't play much.  Some people make that in one weekend ratting or LV 4 missioning.  Let's see if things change going forward, hmmm?


Oh, on a side note Parasoja recently noticed he hit Twelve figures liquid.  Congrats Parasoja!  How did he manage it?  Well, capital ship construction.  Lets hope, I can join that club some day.

A Quickie

I was reading up on Elon Musk's new plan/project: Hyperloop tubes.  While reading, I couldn't help but notice, his design for the hyperloop pods looks awfully familiar.  The only two questions I have are, will there be one or two midpoints, and does in come in gold?

The Quest for 11 Figures, Day 45 Update

It's been 10 days since my last post with regards to the quest for 11 figures, so I figured I would give an update.  I am starting to get giddy, as my Nag BPO is set to come out of the cooker (ie: lab, being researched to ME 1) in 6 days.

10 days ago I had:
A: 25M ISK liquid.
B: All capital components needed to build a Nag.
C: Nag BPO, in the oven.  If you look carefully, you can see it in the picture to the right.  (No, actually you can't because it's not there, but thanks for trying).

D: Roughly 100m in minerals left over.
E: 6 planets for PI, all in lowsec.
F: 3 stations stocked with LO/Cynos.

What's changed in the last 10 days?  Not much really.  Here's where I stand now.
A: 50M ISK Liquid.  I've actually been selling LO and cynos at a decent pace recently and have sold more than this, however, you'll see that reflected in D.  I've also bought about 25M more in pos fuels, but thats mostly been offset by sales of PI goods.
B: As before, all cap components to build Nag1 are owned.
C: Nag BPO, 6 days to go before exitting the lab, I'm getting excited.
D: I've bought roughly another 100M in minerals using buy orders, bringing my new total to roughly 200M worth of minerals for the next run.  Money was from revenue (both profit and the ISK I initially spent to buy the Lo/cynoes.) generated by sales of LO/Cynos.
E: I still have 6 planets running PI.  It's not a complete cycle and I may end up changing what they produce, but for now I'm just building up stockpiles (but I am selling mechanical parts).
F: I still have 3 stations stocked with LO/Cynos.  Looking over my market history I'd say about 70% of people who buy cynos, also by LO at the same station.  I would say that only about 30-40% of people who buy LO also buy cynos (which means that people might still have their ship from last time, and didn't lose the cyno, but need more fuel).  I've been having a competitor in one of my stations buy up my entire stock of LO and relist for an additional 50% markup.  Honestly, I'm making money, so I don't really care that he's gouging people.  The only downside is I have to keep going to that region to put up more sell orders constantly, but having money come in such a fashion, is quite nice.  What this might mean however, is that I could potentially raise my prices yet more, and still have buyers.  Maybe I'll try it next time to buys up the stock.