Help: New Crafting Question.

[Nova Genesis]

I've done a bit of crafting in my day. Not alot. But some... Whats been holding me back is i'm paying like 170% average markup on a great day for some stuff.

Well, im getting more experienced hunting, and just graduated, so i have my adj pixie.
I can find the mobs, and the ores etc. but what kind of bankroll should i expect to need
to collect both items and ores/enmatters for crafting. I dont mind making a large deposit
to support this. I'm just looking for a ballpark deposit amount based on others experiances.

 

[berentain]

zzzZZZzzzz

 

[goodgrief999]

I have read and heard many things about crafting. None of them have been particularly good. I can think of an exception, where one player invested a lot and specialised (enhancers) - then built up the business and sold it. The skills you gain are very valuable - try 'chipping-in' with crafting skills now that you've graduated. LMAO
I don't know what experts say but to me, if you want to craft you need enough materials to last about 2 x 8 hour days of fairly intense clicking. Then you can sell your wares, rinse + repeat, no? Personally, I dislike crafting as I don't like real life gambling and it's too close. Each to their own, good luck, Boo.

 

[-Archangel-]

I've done a bit of crafting in my day. Not alot. But some... Whats been holding me back is i'm paying like 170% average markup on a great day for some stuff.

Well, im getting more experienced hunting, and just graduated, so i have my adj pixie.
I can find the mobs, and the ores etc. but what kind of bankroll should i expect to need
to collect both items and ores/enmatters for crafting. I dont mind making a large deposit
to support this. I'm just looking for a ballpark deposit amount based on others experiances.

Quite simple:

Read the most you can on the subjet:


This is what you will probably find:

On a blueprint that it is at its maximum rate of sucess

you only will be geting sucess on about 40-42% of the attempts
the others will be near miss or failure.
which means that it will require lots of luck to get more than the tt value that you put on the crafting machice.

Lets supose that you get 90% of tt return (most people can't)

And you pay only 103% markup for the materials use (very few bps exist)

Lets say that you spent 103 PED on it
then you got 90 PED of it

Unless you can sell what you got for an average above 114.4% you lost value

(and since many crafters do it for fun or dreaming of big HoF they will undercut your profits if they know your "sucessful" strategy)





It will require a decent bankroll.

Best advise you will get is to stay away from it until you really understand how the game works.




Have fun and good luck.

 

[Konve]

...what kind of bankroll should i expect to need
to collect both items and ores/enmatters for crafting. I dont mind making a large deposit
to support this. I'm just looking for a ballpark deposit amount based on others experiances.

It depends largely on what you want to be crafting.

My estimates are:
For the most basic crafting, 500 PED will do.
For the next step (and especially if "profit" is a word in your vocabulary), you need 2-10k PED. More is better, but if you play smart then less will also work.
If you want to go balls-deep and become a high end crafter, then I expect you need at least 50k PED. 100k if you are in a hurry.

Less will always narrow your field for crafting. If you have a higher bankroll you can delve into several branches without specializing.

 

[Shard-Angel]

A tip: Dont craft for the sake of crafting - eg just because the BP is easy or cheap!

Make items that you KNOW will sell = will keep you funded a longer time and perhaps even profit.

 

[forgo]

If you craft you need to know the market. What sells at what volumes, how often how much ect.
After you get a good handle on the market, you will get the answers as to what to craft, with a better chance of success for a sale.

As far as the bankroll, its never enough )
I currently cycle at least 1000 ped a day crafting, usually much more.
I personally look at crafting a little differently than most I think.
I don't craft for profit or max markup, or ATH chasing. I always do quality.


I craft for personal needs, skills , bps and QR. These are the things that make crafting profitable.
Expect a general loss in active returns to make up for the values gained in these areas.

Cashed out for 15k us a few years ago, after being certain I had much much less worth, before I decided to chip out. Only then did I appreciate the hidden values I never previously considered. In hindsight, I should have kept the skills, but was disgruntled, and not expecting nearly as much back.

Dont forget those values in BP's gained with qr, drops of rares you may get and the skills you might sell later.


If there is any investment in crafting IMO its in the BP's first, then into the bankroll to support a worthy BP.

GL, have fun, and don't be tempted by the slider. It is awesome when they hit big, but in reality it is much less awesome to feel like a vegas dropout a majority of the time. IMO.

Lastly, cycles happen, need to roll with em good and bad. The bad streaks dissuade people from grinding thru to the good ones, which have a more limited window of opportunity.


GL have fun and grats on the promotion.

 

[Profit]

If you're embarking on all 3 professions, you need a large bankroll.
I would suggest minimum STARTING (from lvl 0.0) bankroll of 5k PED.
Otherwise it will be a struggle.

 

[Zenzile]

Lol 5k bankroll wouldn't get you anywhere xD

 

[Profit]

5k bankroll will get any 0 skill newbie off to a good start.
Don't agree? Fine. Offer some advice or stfu.

 

[Magnus Mag]

the best thing to always do is sell the things you loot for good mu and buy the things you need for low mu.

the biggest problem in crafting always is to sell your product. if you manufactures for example 70 weapons, you can't put them all in auction at the same time or you would destroy your own market. so you a lot of time have your peds sitting in storage. alot of patience is needed if you want to be a succesful crafter. (that goes for buying the needed materials and selling your product). by the way, this is true for all proffessions.

the patience part is the thing most of the people in entropia fail (me included). you sometimes just shouldn't play and wait for market to change.

 

[Kerham]

One thing: when you're in a low budget, you're *always* paying too much for your mats. I'd say keep at something very very very basic just for small skilling and taking time to read and understand this system.

 

[Peezle]

I've done a bit of crafting in my day. Not alot. But some... Whats been holding me back is i'm paying like 170% average markup on a great day for some stuff.

See Kerham's post, the reason for this is because you have poor contacts. The good ones usually only sell in bulk.

Small scale crafters are not going to get good bulk deals.

But there is a way around this. I like to call it a society. But this depends on who you are with. I can buy stuff for cheap in small amounts because often it is only found in small amounts. So this also depends on what you are crafting.

Stay with it, once you get into the crafting life, all that other stuff is boring

 

[crazedslayer]

Ok, your bank roll will depend on how much you want to craft and how seriously you want to get into it. I would suggest that if you want to get into crafting you MS skill. 500 ped of rk5s and wire will get you level 5~9 in every crafting profession and about 500 ped skills. As for crafting quality or condition I will not craft condition on a bp that I don't have 100qr on. 5k ped start is not bad 10k well be better but once again its all up to you.

 

[Dennis blighter]

if starting out crafting with zero or little skills...id recommend MS repairing for quick crafting skills... and at that lvl your going to lose alot anyways... spend 600 ped on repairing and itle give you some good skills to start crafting.

just from the skills alone, youll have a better overall success. and for the price, youll most likely end up better skill wise anyways for the amount spent/lost.

after that, you must do your own research... because if anything is profitable or break even, people will not share with you. for crafting expecially.

If you are not maxed on a BP skill wise, dont craft it. Id recommend repairing a bit more to get it maxed... I used to craft 200-500 ped a day, i found a profitable bp to craft at the time... And i did abuse it like no tomorrow. On what i spent to what i got back. For a few weeks i was profiting by about 3%... that was for 3 seperate BP's... Needless to say because it was a low end bp, anyone could do it. Which is why those 3 BP's are no longer profitable. I flooded the market.

Higher level you go however more ped you need and more skills. Which is why its so difficult. But if you get a rare bp like an UL welding wire bp... Basically guarenteed to profit or break even.

 

[Doer]

One thing: when you're in a low budget, you're *always* paying too much for your mats.

Best comment in the thread.