Merchant Archive

Thread: Most Lucrative professions Has anyone banked a billion yet as a merchant?

Mumps
Thu Oct 28, 2004 9:42 pm
#1


Which professions are the most lucrative? Has anyone banked a billion yet as a merchant?

Message Edited by Mumps on 10-28-2004 10:53 PM

DarthVillanus
Thu Oct 28, 2004 10:25 pm
#2


They keep changing the money caps to try and stop dupers. I don't know what the current cap is but I think you can only have 100 mil in cash, and the rest of your creds must be in the bank. Anyways a billion could not be obtained legitly. I know many players with 300+ million but a billion is too far even for the greatest crafter to obtain. I'm sure people will post saying how they know a friend of a friend of a friend who has a billion though.

Message Edited by DarthVillanus on 10-28-2004 10:26 PM



| Kilon Wiekog |- | Master Fencer, Commando |
| Kalon Wiekog - Dark Jedi Knight |
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"I don't like the CU" --Every selfish Loot Hoor in the game

Happymob
Fri Oct 29, 2004 8:12 am
#3






DarthVillanus wrote:



Anyways a billion could not be obtained legitly. I know many players with 300+ million but a billion is too far even for the greatest crafter to obtain.




Let's look at a typical resource merchant - Every resource I harvest, I sell for 4 to 9 cpu. Let's say the average in 5.5. Let's say my average cost (including travel, redeeds, etc) of 0.5 cpu. So an average profit of 5 cpu. Off of a single lot, I get an average of 13,000 resources a day. So 65,000 credits per lot per day of profit. It's not difficult to figure out how big my business needs to be to make a billion credits and I think I could scale it to that level if I wanted to. This ignores other resource business models, like the 100 harvester static fields based on lot swaps, or DingoBoi's power resale business. The original poster has the largest inorganic resource business on Scylla. I suspect he's approaching a billion credits (or at least could be - you never know how the wealthy will spend their money... I know I have spent 50% of what I have made on purely optional "fun" stuff).


Let's look at a second way - the dedicated doctor crafting buffs. Let's suppose they buy their avian meat at 250 cpu and their herbivore meat at 50 cpu. Let's further suppose they buy all their other resources at 10 cpu (a high price, since you can always get miners to mine stuff in spawn for less). A buff pack will cost them around 10,000 credits to make and they can sell it for at least 20,000 credits. It will take them less than 20 minutes of total factory time to make. So, a single factory can easily produce, say 75 buffpacks a day at a total profit of 750,000 credits. That's for 1 lot. Again, it's not hard to see how much business one has to do to generate a billion credits in profit.


Weaponsmiths and armorsmiths could easily have made this much money in 15 months of gameplay. I won't pretend to fully understand the economics of these professions, but I do know they command the highest cpu premium of any crafters in the game. Sure, they might need 10 factories working all the time to get to a billion, but there's a surprising number of crafters who do this.


And this ignores the pure resellers. I bet if I really worked hard at it, I could make a billion credits in a year of gameplay without crafting a single item simply by buying and reselling. I see mispriced items available all the time.


And it wouldn't shock me if there is a combat player out there who has pulled off 1 billion credits through missions, meat harvesting, and loot selling. Remember how much holocrons used to sell for? There is always ultra-valuable loot, whether it's holocrons, or bounty hunter armor, or loot kit parts. Some people are very good at finding this stuff.


Note that the last 2 options (expert reseller and expert looter) only require control of a single character. I will admit that many of the other strategies work far better with more than 1 character, but I have no doubt that 1 character can generate enormous amount of in-game wealth.





Imadoh and Ikiecobi
Quality Resources and the Corellia Butcher - NoCo
NoCo Trade Center, Corellia (just northeast of Coronet) 796, -3076


mhal9000
Fri Oct 29, 2004 8:16 am
#4






Mumps wrote:


Which professions are the most lucrative? Has anyone banked a billion yet as a merchant?

Message Edited by Mumps on 10-28-2004 10:53 PM





I can't speak to the crafting professions, but I will say resources have been very very good to me. Not quite 10 figures yet, but give me a little more time



Federated Resources
Hork Haggis, Retired

Ashdanjadestel
Fri Oct 29, 2004 9:02 am
#5

Trust me, there are crafters, very good crafters onour server who are billionaires. Some weapons were going for millions on our server a while back. And during the Holo-grind boom, there was a lot of money exchanging hands. I can guarantee some crafters are billionaires.



Ki-Nor Ashdanjadestel

Shadowfire
Arrya
Fri Oct 29, 2004 9:08 am
#6

A Billion is definitely possible for someone that is dedicated



_______________________________________________________
Arsenal
The little green Napoleon
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DingoBoi
Fri Oct 29, 2004 9:48 am
#7

A billion credits is only 2,192,982 credits profit per day from launch day. I'd be surprised if sales haven't exceeded this for most large crafters, weaponsmiths, armorsmiths, etc. I know i've already hit a billion credits in sales, but then again, sales aren't all profit.



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Alepe
Fri Oct 29, 2004 10:28 am
#8

I have exact numbers. I run my merchants like I do in real life. I know, I am a freak. I know my numbers because of a wonderful program called "The Merchants Friend" Here is a link: http://www.geocities.com/illiya_darklight/


Since May 1st my total sales is $104,984,274. So basically it took just over 6 months for me to break 100M in sales. So assuming that I don't spend my money (which I do way to much) it would take me 5 years to aquire 1 billion dollars. I know for a fact that my companie's sales are very very small compared to some others I know. I would imagine that there are people on the Ahazi server that have earned over 1 billion. But I would also guess that a large percentage of that money has been spent. It is to easy to spend money in this game.



Alepe Aklo
~Entrepreneur & Purveyor of fine goods and resources~
~harvested flora, chemicals, gases, minerals, and fusion power~
Numanjii Naboo -2288 587
OditeFosore
Fri Oct 29, 2004 11:44 am
#9




DarthVillanus wrote:


They keep changing the money caps to try and stop dupers. I don't know what the current cap is but I think you can only have 100 mil in cash, and the rest of your creds must be in the bank. Anyways a billion could not be obtained legitly. I know many players with 300+ million but a billion is too far even for the greatest crafter to obtain. I'm sure people will post saying how they know a friend of a friend of a friend who has a billion though.




With an income of 10 million per day, that's 1 billion in 100 days - 3 months. I know a master armormsith who passed a billion credits in May, legitimate, but take it for whatever you like. When you sell sets of armor for 1.5 million each and sell out full runs of 40 in a couple of hours each time you come out with a new run, you will make a little profit. 60 million credits revenue per run- 500k in resources = a lot of profit. Haven't talked to him recently, but needless to say, he is still doing alright for credits. And to put "legitimate" income into perspective, if you average out how much I've spent on weapons and armor in the last month from selling food, resources, loot, and other crafter's items for markup,it comes to over 5 millionper day and I'm still making more than I'm spending. I don't have a billion credits, but a billion wouldn't be at all unreasonable to attain if I were more frugal, but who wants to do that?



♣Odite Fosore Rahu Coteau
Imperial Soldier 12 Point Master ChefΨ

ofim
Tue Nov 02, 2004 9:50 am
#10






DarthVillanus wrote:


They keep changing the money caps to try and stop dupers. I don't know what the current cap is but I think you can only have 100 mil in cash, and the rest of your creds must be in the bank. Anyways a billion could not be obtained legitly. I know many players with 300+ million but a billion is too far even for the greatest crafter to obtain. I'm sure people will post saying how they know a friend of a friend of a friend who has a billion though.

Message Edited by DarthVillanus on 10-28-2004 10:26 PM





Actualy if you look back to the (I think) January stratics (about the time of the first credit dupe) you'll see that there is billionares in this game; legit ones no less.





Ofim Fote
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Agasa Stormrider Master Architect
New Camelot Mall-- New Camelot, Dantooine

Rere
Thu Nov 04, 2004 4:25 pm
#11




Alepe wrote:

I have exact numbers. I run my merchants like I do in real life. I know, I am a freak. I know my numbers because of a wonderful program called "The Merchants Friend" Here is a link: http://www.geocities.com/illiya_darklight/





http://www.geocities.com/illiya_darklight/ target=_blank>Clickyfor a sweet program!



Nothing worth doing is completed in our lifetime,
Therefore, we are saved by hope.
Nothing true or beautiful or good makes complete sense in any immediate context of history;
Therefore, we are saved by faith.
Nothing we do, however virtuous, can be accomplished alone.
Therefore, we are saved by love.
No virtuous act is quite a virtuous from the standpoint of our friend or foe as from our own;
Therefore, we are saved by the final form of love which is forgiveness.

~ Reinhold Niebuhr

Mkappus
Thu Nov 04, 2004 4:58 pm
#12

800k suits of composite, I am sure there is someone who has sold 125 of these. Prices have dropped to 350-500k, but for quite some time armor was expensive as all heck.


There was one armorsmith on Intrepid who at a Groovefest (player event) was planning on stocking 500 full suits of composite, I am sure he sold them for more than 200k each.



Goliath
Master Shipwright, Master Architect, Master Artisan
-=V=- Shipworks 3 Locations Theed, Coronet and
Tatooine by Krayt Graveyard 5909, 4373

3 vendors at GF6 11/11 - Shipwright, Architect, Resources
Lecivius
Fri Nov 05, 2004 12:45 pm
#13

There are 2 such individuals in my PA.



Vendor at 3054 2811 Naboo, East of Keren
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