Business Update
Assets
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Cash 8,332,844.63 ISK
Sell Orders 254,506,053.00 ISK
Escrow 0.00 ISK
Contracts 0.00 ISK
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Total Current Assets 262,838,897.63 ISK
Nate and Nate certainly had a successful week. In fact, it's only been 5 days, and they've turned 16.6M into 262.8M, for an incredible average daily growth rate of 73.7%. If they could keep this up, they'd hit the 1 billion mark in three days from now, completely blowing Meili and Izel's trade record out of the water.
That's not going to happen of course. Items that provide that kind of growth rate are fairly rare, and the margin gap shrinks fairly quickly as other traders find these amazing deals. There are a few items I've been trading at 100% markup for 3-4 days now, and I'm pretty astonished that I can still get that kind of return. But even assuming the best case scenario, that I can trade that item at 100% markup every day, I just can't grow the volume to keep making money on it. The volume for that item is maybe 10 a day at best. So even if I have the extra ISK provided by great returns, I can't simply buy more of that item. And so now, instead of trading 5 really profitable items a day, I need to find more items. And finding great deals like that is very difficult.
Still, I've been very choosy, and I haven't looked at anything that returns less than 50% yet. So if I can maintain 30% markup on all trades, I can reach 1B in a week. That would be amazing.
Tori's Progress
Tori's also been progressing quite well as well. Starting with nothing but an Ibis and 1 ISK on Friday, he's now flying a fully-equipped Caracal-class cruiser (retail value of about 7M ISK, modules and ammo included), and he's got 12.9M ISK in his wallet, meaning he can afford to buy a new Caracal should he lose it. The T1 Drake I've spec'ed out comes in at 56.4M ISK, and the T2-equipped Drake will require an additional 22.5M ISK on top of that, for a total of 78.9M ISK. So with the 12.9M I currently have, I need to earn another 66M ISK.
Right now, I've been almost exclusively missioning to earn this ISK, but it's a bit slow going. I could trade, but because the experiment is to see how quickly a player who's lost everything can get back on his feet, I'm not using any of my usual tricks to earn him money, which requires alts. I'll need to do a bit extra research, see what else I can do that won't require hours of learning or setting up.
Ok this is cool. I am liking the parallel tracks. Guy trying to make 1B ISK and one guy trying to come back from nothing more than coffee money. Nice.
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