Wednesday, October 1, 2014

Week 1: First Sales

I've just posted my projections for this week and logged on to find that my first set of units has already sold at a marginally higher price than I had initially priced out and I've got another small set up for sale. I've got a larger amount of ISK sitting in escrow than I'd prefer at around 30M. I set a number of my requests at a low point in the price cycle for my inputs and am sitting on quite a few orders hoping for the prices to drop back down to that level. As a result, I've spent quite a bit on purchasing goods at the current price to maintain day-to-day operations. Even so, I've sold a larger number of products in the first week than I anticipated at a higher-than-expected price bringing my inflow up enough so as to come out in the black in the first week.
Of course, my inventory is awkward at the moment as I have an oversupply of about half of my goods, the right supply for about 1/3rd of my goods, and an under supply for the remainder.

Info Week Inflow Outflow Net
Actual 0 0 -77,836,602 -77,836,602
Actual 1 29,389,995 -21,983,814 7,406,180
Projected 2 50,000,000 -40,000,000 10,000,000
Projected 3 75,000,000 -60,000,000 15,000,000

I vastly under-rated the speed that my production would get going, producing double the outputs in the first week than anticipated. I also vastly underestimated the speed at which I would need to replace my production supply. Due to these, I have accelerated my anticipated sales and cost growth rather significantly, resulting in a slightly less optimistic net profit projection than before. Prices on a couple of my under-supplied inputs are trending upwards rather significantly and I'm hoping to get some corporation partners to produce them and sell them to me at a price in-between the current purchase and sales offers. Such a deal would provide me with a marginally higher profit of as much as 1% per unit.

With my next post I'll be extending the table somewhat to compare actual performance against expected performance. In the meantime, you'll have to do the comparison yourself if you're interested in that kind of thing.

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