Am I wasting my time with Industry?

Industry Gameplay Center Science & Industry
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Hello esteemed internet personas!

I have been working hard to learn this game and am in the position where I have built a small fortune! The corporation I belong to has been giving me Blueprint Copies, and aside from that I have been viewing Blueprint Original copies?

While researching what might be a good section of industry to focus on, i have noticed that many of the items I am able to craft are listed for less than the material cost and production cost for producing them.

I do not understand how this works. Am I wasting my time with industry? I do not understand how items are crafted and then sold for less than the investment required.

Any advice for this subject would be greatly appreciated!

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thats not a thing

there’s blueprint Originals, or BPO’s
then there’s blueprint copies or BPC’s.

how are you obtaining the materials? are you mining, reprocessing, doing PI, buying off market?

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Hello esteemed internet persona!

Thank you for responding to my question! I am confused by this as there are so many of the same blueprints on the market.

I am mining some, however I am unable to procure specific minerals for production. Thus i am forced to purchase to complete production.

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BPOs are seeded (created) by NPCs and sold on the market for a fixed price. They have unlimited runs and can be researched for better efficiency.
BPCs are copied from BPOs and have a limited number of runs. They inherit the research levels from their source BPO but cannot be researched further. They can also be used in invention to make t2 BPCs.

Just because it costs you X isk to make something doesn’t mean that the builder who sells it for cheap is paying the same.
For example, building stuff in a nullsec engineering complex takes less time and materials than in a highsec station. The System Cost Index can also play into this; if you’re building in Jita since lots of lazy people do that the SCIs are sky-high. The more of an activity that happens in a system, the higher the index gets and the more expensive it becomes to install jobs. It’s also possible that they have better supply deals than however you’re sourcing your parts; a lot of stuff being traded in nullsec goes for around Jita buy, so if you buy from sell orders not only are you less efficient than null but you also are paying more.

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You’re not wasting your time, but industry is a lot more complicated nowadays.

There’s a lot of tricks you can and should be using to cut down on your own costs and inflate your profits, if you manage to hone those skills, then you’l probably be raking in the ISK!

Focus on finding opportunities and getting out of Jita, some regions have products that are in crazy hig hdemand and always sell for profit. Make friends with industrialists in the area and try to develop contacts who can sell you materials you can’t aquire yourself at a cheap price (many are willing to go lower then market if they dont have to haul it anywhere), and generally just build up a network of suppliers and buyers, so that you can contract directly to them and bypass the tax man.

There are a lot more tricks like that that you can and should apply. It’s not an easy path to walk but it can be done.

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There is a segment of the playerbase who ‘just want to do the activity’ even at a loss. It is extremely damaging to the economy as it gives folks the impression regular industrialists who are want to make ‘profit’ are in the wrong.

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The answer is always more spreadsheets.

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Scale and timeframe maybe?
Noticed that the market has a tendency to dip sometimes. Probably not enough people getting blown up.
In those days an established industrialist can buy enough cheap resources to build stock that can last for a long time.
When the raw resources go back up in price, the product price is anchored lower because they were built cheaper than they could have been today.

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@Homeless_Prostitute Are you having fun? Regardless of profit? If so, then you have already won the game! I know that sounds stupid but if all your here for is profit, then industry is such a tight race, I don’t even bother with it. Maybe find something you like to do more and get better at that?

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@Homeless_Prostitute If you refer to T1 production in EVE and compare it to crafting in other games, then you are right, it is not profitable. EVE economy is not artificially governed like in other games, but is mostly run by the players. It adhere to supply and demand rules. T1 modules are flooding the market from mission looting.
I suggest you skill to T2 production. It is not a huge source of profit, but It is more elaborate and more fun than T1 production.

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I can’t figure it out either.

every time i look at something it seems that you reduce your profit or even go negative by producing instead of selling raw materials.

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I do not even look at that. I simply do not care about profits when I want to build something because I just enjoy doing so.

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With Industry its best to treat as a means to an end. It is a time sync and something that can be done while you’re elsewhere, mining, pvping, trading, exploring or pveing.

Industry’s public gross profits are dependent on demand and market sway. That is, exclusively looking at the market and whats being publicly buy, sell and contracted.

Industry breakdown into several levels:

  • Procurement

Mining, Planetary Interaction, Salvaging, Hacking (Data Cores, T2 BPC, FW BPC, Blue Drops, Red Drops or material components) Gas, Ice

  • Processing

Refineries (NPC or Players) and reprocess efficiency

  • Production

Creating T1 Items, T2 Components or Element Production

  • Research

Researching Time and Material levels for BPOs

  • Copies

Copying BPOs to make limited run BPCs for production or invention

  • Invention

Converting T1 BPC into T2 BPC via a chance invention mechanic and data cores

General advice if you’re strictly focusing on industry as a source of income is to:

  • Sell Ores
  • Sell Minerals if more profitable
  • Sell consumables like Ammo, Nano Repair Paste or Capacitors.
  • Ore mining is a time investment of getting resources over buying it at market value.

Its probably been recommended here by someone else buy you make profits from making agreements with corporations or players who want stuff at a lower cost.

Buying minerals ofd the market will also be at a lost and not sustainable unless the value of minerals drop below buy at cost. Which, you may as well wait for a blue moon and pigs to fly by then.

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This is easily explained by industrialists like this:

I personally never built for profit either.

The few times I did industry it was usually to more easily turn the goods I got into ISK by producing an item with smaller volume for hauling or an item with better local demand for selling, never because my input materials were worth less than the final item.

After all, hauling isn’t free either.

So the answer is that not every industrialist is looking to turn items into items of higher current market value in the particular market you’re looking at. They might be producing elsewhere, may be trying to save costs elsewhere or are no industrialists at all and are undercutting you with items they looted.

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Industry is profitable. One of my main sources of income in the game. But it requires research and certain tricks on some items to go into profits. And the margins vary wildly between different (types of) items. It can also be pretty time-intensive (compared to some other forms of activities).

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yes you are wasting your time, though it is your time to waste, i just cant tolerate eves BS liars who say eves a player driven economy

Eve is focused on making you lose money whilst thinking you’re having fun.

eventually the fun will end and you will see through the curtains.

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Then how did I become rich in game? :face_with_raised_eyebrow:

Sure, I paid in rl $$$, but spent less than that than I do on my cable per mo for just one acct? Cheap entertainment for me.

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Why if you’re not having fun anymore are you still playing this game?

Also I noticed every one of your posts I read seems full of negativity: the words used, the messages and even the name if your character are all negative, it’s striking.

I’m curious, is this something you enjoy doing? Or is this attitude having the same depressing effect on you as writer as it has on readers of your posts?

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Personally i am an industrialist.
i work out of highsec and i make a profit.
Yes the profit isnt as high as it would be if i was stationed out of null sec.
but i can still make a profit.

i mine most of the materials myself, as i have a refining yield of 80.2%.
thats makes it worth it for me, to refine most of the ores i mine, so tritanium, pyerite, mexallon and isogen, i can mine and refine, at a lover cost than what i would buy it for.

i found a system that has a low cost index and a station with a 0.25% manufaturing tax
it all adds up, but on a ship, i can put in maybe 80 millions (total value of materials and cost of production) and sell the ship for 95-100 millions.
that 15-20 millions in profit pr ship.
and yes. i have to buy Nocxium, Zydrine and megacyte.
but when i am out mining, i mostly go for the Anormalies, as those sometimes, contain these materials.
and anything i mine myself, is something i dont have to buy

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so you don’t include the costs of mining materials, is this how you make profits.

no businesses IRL or in www land can sustain running at negative profits, my Characters albeit Ammarian are not slaves.

CCP(whatever) needs to consider removing the plexing of Accounts, making so those who farm their subs are in fact not able to do so.

otherwise i’m going to save my 150-200$ per month and do something that acvtually fuctions like a real game.