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Thread: The TT Project

  1. #1
    Old Alpha Encicra's Avatar
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    The TT Project

    The TT Project

    What is it?

    Everyday thousands of items are sold to the trade terminals even though they have held a markup value, which means tons of potential PED are flushed into them as well. This is money that one way or another could have been used in the player economy and that puts a terrible strain on players’ PED Cards and is a major money sink that nearly goes un-noticed unlike others such as decay and fees. However, this is one that can be avoided.

    What I propose:

    “Don’t TT, sell to me.”

    Selling these items to me at the TT value allows the potentially lost PED to remain in the game and in the players’ hands. You’re probably wondering about my plans with these items, well, I would act as a temp storage.

    My plan is to save up bulk items until they are in large enough quantity to sell to buyers, who would use them for crafting or whatever purpose, at a bit below average markup because I might as well give some deals while I’m at it since it would have been lost anyway.

    What items do you buy?

    Anything you want to sell at TT value, provided I have the funds to acquire it at that price. I’m not asking for things like Ore/Enmatter or something of major trade, just the random things you get that you’d normally just chuck in the Trade Terminal.


    What about the profit?

    Profits would be broken down into two parts, probably something like 80/20 or 85/15, still undecided at the moment and I want to wait to see what it generates.

    The larger percent would be used for community events and depending on how much business this project actually gets, I’m hoping for four quarterly tournaments with cheap buy-in’s and over the top prizes or I’ll just save until that goal is possible, mabye semi-annual events. I’m sure I can come up with a number of other uses including sponsorship for other events. I’d also be open to suggestion.

    The smaller percent would taken by EnCompany, which would be used to buy more goods and improve the business. Since I own EnCompany and get to use what it buys, there is no reason for me to take a direct percent. It all gets recycled.

    Philosophy:

    It’s the customers that drive the business so I want to give back as much as possible.

    --------------------------

    How to find me:
    My main trading grounds is Twin @ Vote or Boxes.

    TT Project Forum Shop Thread

    I have also set up Http://encicra.com as its home, which is where everything news like about it will be updated, including a shop page but i'll also keep an updated one here in the forums.

    Tell me what you guys think. I believe it could do the economy and players a world of good.
    Last edited by Encicra; 07-20-2007 at 16:34.

  2. #2
    Guardian Oriasis's Avatar
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    i have some junk i was going to tt, animal oils and hides and so on that i could sell you if you like

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    Prowler Larethania's Avatar
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    Aye all the way to less people tt to much things but depends of diferent resons but mostly that they dont now of the markup/auction and so on. done it myself and alot of friends of mine =) one friend tt:d a esi worth around 40 ped and a few months later he got to know what the markup was lol he wasnt so happy on himself..

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    Old Alpha Encicra's Avatar
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    Quote Originally Posted by Oriasis View Post
    This quote is hidden because you are ignoring this member. Show Quote
    i have some junk i was going to tt, animal oils and hides and so on that i could sell you if you like
    Gladly, I'll be in twin shortly.

  5. #5
    Guardian Oriasis's Avatar
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    im still in work, ill be on later on, ill keep an eye out for you

  6. #6
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    Entropia Investment Fund

    I would be doing the same thing with these guys if it was not for time zones (I wouldn't be able to sell them anything), but you can see that it has been successful, and has built up a large amount of trust already.

    The difference is that you have no buy in, which is a good thing! But I would speak to these folks and see if you can work together.

  7. #7
    Old Alpha Encicra's Avatar
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    I'm aware of them, and this was initially invented to be their competition, however I've decided not to compete and simplified this project to a basic form and to approach a different goal.

    A large majority of the profit generated here is going to be put back in the players hands through contest and promotion and sponsorship of other events and very little will be kept in our possesion

    Also like you said its open to anyone, but the thing is there is no shares to sell, at least for now but I doubt I'll venture into that area.

    Since I keep very little for the company, and since my goals are to keep the money in the players pockets its quite a lot different.

    Though, I do highly admire what Eifund is doing and have nothing at all against them. I myself might even buy some shares.

  8. #8
    Old Alpha Encicra's Avatar
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    Ok so this is going great gotten a lot of stuff at tt value. It's slower selling but some stuff is moving and other is bulking but that is what I want.

    Lol run into a little snag, too many items. The first goal on the tt project list what to support itself with an apt. but I didn't think i'd need one so soon.

    While the forum shop here on ef and on the website is not open yet, I am still trading armors in game atm. Once I relieve myself of some of the stock I'll probably go on a massive buying spree again and open up the store posts.

    So far so good though, the plan works, just very very slowly.

  9. #9
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    Thanks for the answers. Good luck and I may well be giving you a shout.

  10. #10
    Old Alpha Encicra's Avatar
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    On July 23/07 the TT Project bought an apartment.

    The address is TI Silver 14A.

    Alot of the items that the TT Project has in stock are displayed inside the boarded off section of the apt. So if you feel like browsing you can do so there.

    I am considering/looking into getting a Shopkeeper but at the moment that is quite a bit out of the budget.

    The TT Project is generating some PED but I mean it will take a while to pay off the Apt with the project so a shopkeeper is distant future.

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