The primary benefit i have found to having multiple buildings is that i can upgrade one and still produce out of the other(s). With only a single building, and assuming your past the free upgrades intro period and/or have no influence to spend, an upgrade on the building will totally shut down your production for a period of time. There are cost/scale benefits to having bigger buildings over multiples but if its in your primary industry i would strongly recommend at least 2-3 buildings to spread out the upgrade downtimes.
Pogo, if you need rubber for your manufacturing i can start putting some on the market for you. just give me some idea of the quantity you need regularly. I have 4 Petrochemical plants at 500+ size and can output quite a large amount with little effort. Current quality is 8 and rising. i dont think it would be worth a building slot for a petro-chem plant if that was your only use for it.
Pogo
82
I’m keeping an eye on how much I sell today so that I can get an accurate number of how much rubber I need daily.
Yeesh, demand for rubber is weird. I watched it sell in my stores and last tick i sold 250 units at $60 each. I set the price high on purpose and its still flying off the shelves.
Well, i set one of the petro-chem plants on a 24 hour cycle for Rubber and will have 250k units available this time tomorrow. It gets snapped up quick each time i put any on B2B so we might need to coordinate the release a bit.
Here is some stock info if anyone is interested in investing in a long term growth stock. I will split the stock if the available shares run out:
Current Stock Price: $18.08
Total Shares: 123 M
Shares Available: 2.86 M
Market Cap: $2.22 G
P/E: 15.1
7-Day EPS: $1.20
Daily Dividend: $0.02 (0.11%)
Pogo
84
Wow, with those store prices it’s hard to rationalize putting anything on B2B.
Seems like something should be done about that. I haven’t tried but does setting a competitive price based on world prices and quality not matter?
My company just vanished. :/
EDIT – an update snatched it – 135 players affected, but RJ has a fix in the works.
Well, those sales also represent 1700 m2 of retail space, so keep that in mind when comparing numbers.
i’m still trying to get a handle on the best way to price goods, especially when your are vertically integrated (building and selling your own products). I read about 2x or 3x resale prices but i think those assume purchasing the materias on b2b or import. That doesnt work for stuff you build yourself. For example: i build my own titanium alloy which costs me $300 to produce but the average world sale price is over $3000.
Pogo
87
Yeah but still, $60 a unit is double and triple the price of rubber that was being sold on B2B. That’s $6 in rubber for every unit of product I’m producing.
Sorry for the short notice, but there’s another OO company going to IPO in one hour (11am Central) with the ticker WILD for anyone that wants in.
One of the guys there seems to think it’s not a good investment, saying, “the robo-citizens won’t buy your stinky shares, lol.” Can anyone confirm or rule out that this is the case?
I think he was making commentary on this part of the new update to EoS, not commentary about WILD:
Robotizens of Econosia are now more picky on the stock market
I think all that means is he probably added some code so shell companies that get listed on the market won’t get the simulated investment by NPCs that other companies get. Not totally sure though.
I am pretty sure that code is the culprit in my losing $11M today in stocks. In invested in several startups, and shortly after my investment, each crashed. I got out with a little over $3M. I’m just going to invest that in my private company and try to take it public sooner rather than later.
I’m out of the stocks biz until people who are smarter than me understand it and can explain it.
Well, I think the market in general is down a bit today since the end of the food rush. Lots of companies are having to retool and aren’t getting the huge returns that had been the norm for a few days.
That and some people have figured out they can make money by listing hollow companies on the market, getting people to invest and drive up the price, then dump their shares and gut the company. The admin is making changes to help, but the best thing to do it make sure to take a really good look at the books of a company before you invest and make sure they’ve been posting good sales for a while, and that they have a good selection of factories and stores.
For instance, here’s a fairly obvious sham company:
http://www.ratjoy.com/eos/stock-view.php?ss=IMG
Note, most buildings are tiny new ones, and they have no sales record to speak of.
This on the other hand:
http://www.ratjoy.com/eos/stock-view.php?ss=BF
You can see they have a good record of sales, even before their IPO, the owner is keeping most of the shares which means he’ll retain control as long as he wants, and you can see the company has lots of building assets.
You’re still not guaranteed to make money off a company like BF, but it’s a safer bet than IMG for sure.
And for the sake of full disclosure, I am a proud investor in Bedwetter Farms. :)
Yeah, I went into a couple of companies that were not as good as BF, but which did have sales, factories, etc. But what has been happening is, I think, a leftover of the previous way things worked. People are getting in big, and cashing out after the price rises a bit. They drive the cost of the stock way down, and it ping pongs between two relatively low numbers as different speculators do this.
I can’t complain, because, while I was a small fish in the big pond, I was trying to do the same thing to build up money for a later stock buy, which I’d probably have done the same with.
Had I left my money in FOOD, where it was yesterday morning, I’d be a rich fellow right now. But I wanted to get rich quick like so many others have. And now I’ve learned my lesson!
Pogo
94
Hold off on the rubber, Vormi, looks like a bunch has been posted. Someone underpriced quite a bit of Quality 17
Whew, the food price crash is really eating into my profit margins. Went from making $120k+/15 to $68k/15. I knew the huge prices weren’t going to last forever, but I was hoping :)
Luckily I seem to be one of the few that has spread into some of the food and drink areas. One of my products is currently only 23% demand met, so I’m running it at an ungodly price and they’re still flying off the shelves. Compare that to my poor apples which were sitting at 147% demand met. Had to drop the price to near B2B prices to sell them, even at a 17Q.
Speaking of which, with the food demand drop my production is finally high enough that I can make mass quantities of raw fruit to sell on the B2B and still keep up with store demand. The profit in stores is much better, but I can make a single sale for $600k on the B2B, which would take me 300 ticks selling them in the farmers market. Getting the money faster means I can get that money working faster for future profit.
Also, the reduction in demand is finally having raw materials show up on the B2B again. Little things that I couldn’t produce myself, like cream and butter, were nearly impossible to find over the last several days. And when it did show up, it was $200/unit, which is insane. So I ended up building out my own dairy processing center and dairy research. Now that prices are back down, I’m wondering if it’s worth keeping the dairy stuff around or if I should sell the factory/research and use the spaces for another product type.
Pogo
96
Someone buy my $32,000 worth of underpriced limes on B2B so that I can get the Quest!
edit: Nevermind, someone actually bought them much faster than I expected.
Anyone need some plastic jars? I accidentally hit “buy all” instead of “buy” and ended up with 2.3 million instead of the 50k I wanted. Oops. Wouldn’t mind a confirmation prompt there saying “You hit buy-all for 2.3 million plastic jars costing $1.15 million. Correct? <yes> <no>”
Only thing I can use them for is making peanut butter. Ugh
Went ahead and relisted 2 million of them for the same price I bought them for. Going to lose a little money on the deal thanks to commission.
I still can’t figure out what I want to do in this game. Every time I think I’ve figured out an industry that is being underserved, some crazy fluctuation in the game happens and everything goes all topsy turvy. There’s like NO stability to anything. Prices are always all over the, stock is the same, etc. How can you run a business like that?
It’s not so tough if you are growing slowly and not speculating on the stocks. First, make sure to pick an industry where there is still a lot of unserved demand. I did that and I’m doing very well (at least by my own measure) in my private industry. But I took a bath in the stock market. There you want to find a stable investment, hop on and hold on. Most of the IPOs are get rich quick schemes that don’t turn out well. You can find people announcing serious IPOs here and on OO.
The fluctuations are part of the sped-up nature of this game. Just ride them out and stay the course you have picked. I second the recommendation to avoid IPO’s not announced here given the amount of fraudulent shell companies, at least until you have plenty of mad money to throw around.
You can make good money on the stock market even after an IPO. After my IPO 4 days ago, my companies (VORCORP) stock settled at about $6.00 a share and has risen steadily since. Its currently at $26.33 per share with 2.5 million shares still available. P/E is 19.5 and i’m paying a .02 dividend per share. Other trusted companies run by folks here are probably same/better. Thats a nearly 5x return in 5 days. So if you have money to spare, it might be good to put some in an established company, even if the share price is higher initially.
If your still trying to get started in an industry, i would recommend you start with some stores for that market first to get an income established. You can buy cheap materials on B2B as they pop up, and fill in the rest with import goods. Its hard to lose money with stores even when you have to import the goods. It just takes some time keeping the shelves stocked. Once you have that established you can start building factories to provide your sale items cheaper. Then is just expand/expand/expand as your cash flow allows. Given the name of the game, bigger is almost always better, due to the formulas. You get cost/material savings for example when you run longer jobs in your factories. So you want to move away from the 2-3 hours cycles up to 24-48 hours and beyond to take advantage of the savings.
