Where you go from here, and how much money you can really make, is now up to you. I would suggest exploring the following possibilities:
Understand the Game
Take the trouble to understand as much of the game as you can. In this way, you might just have an edge in knowing when a resource will be in demand, or when an oversupply will happen. And, with a little ingenuity, you might even be able to create demand for an item or resource.
Be social and make friends
I prefer to buy from or sell to a friend rather than a stranger, especially if I get the same prices with that friend, or even if I get slightly worse prices occasionally. Furthermore, when making deals or collaborating, it's much easier with a friend as there is trust already built up. And when you are friends with someone, you have access to their friends too, extending your network of buyers, sellers and potential partners.
So, go ahead and make as many friends as you want. They are fun to be with, and can help to expand your trading business in Entropia.
Solve a problem
You can look for a problem that Entropians face, find a way to solve it, and you might just be able to profit by by offering a service to solve the problem or by being able to buy or sell more or at a better price.
A problem that comes to mind is when Entropians tier their gear. They need the specific resources in specific quantities, and will probably end up buying more than they need from the auction and end up TTing the remainder. Perhaps offering a service to sell just the quantity needed for tiering would be profitable?
The Pareto Principle
In Entropia, just like in the rest of the world, the 80/20 rule or the Pareto principle holds true. In others words, approximately 20% of Entropia's traders will earn 80% of the trading profits. So, if you are doing what most of the traders are doing, chances are that you are in the majority or the 80% and enjoy merely 20% of the profits.
To break out and be among the top 20%, you need to be ingenious and think out of the box. This actually ties in with the first 3 points above.
You will need to take the time to experiment and understand the game since so much of the game is based on "hidden" algorithms and formulas which are not made public. Understanding the game will let you see and predict trends, appreciate why the prices of some resources behave the way that they do, and perhaps be able to think of simpler or more productive ways of doing things. Friends who are playing Entropia would also be a good sounding board for new ideas, and maybe good partners for testing those ideas.
Once you have done all that, you are probably already among the top 20% in terms of efforts. It's should now be just a matter of packaging your idea or service into a marketable form, and launch.
______________________________________________________________________
You can look for a problem that Entropians face, find a way to solve it, and you might just be able to profit by by offering a service to solve the problem or by being able to buy or sell more or at a better price.
A problem that comes to mind is when Entropians tier their gear. They need the specific resources in specific quantities, and will probably end up buying more than they need from the auction and end up TTing the remainder. Perhaps offering a service to sell just the quantity needed for tiering would be profitable?
The Pareto Principle
In Entropia, just like in the rest of the world, the 80/20 rule or the Pareto principle holds true. In others words, approximately 20% of Entropia's traders will earn 80% of the trading profits. So, if you are doing what most of the traders are doing, chances are that you are in the majority or the 80% and enjoy merely 20% of the profits.
To break out and be among the top 20%, you need to be ingenious and think out of the box. This actually ties in with the first 3 points above.
You will need to take the time to experiment and understand the game since so much of the game is based on "hidden" algorithms and formulas which are not made public. Understanding the game will let you see and predict trends, appreciate why the prices of some resources behave the way that they do, and perhaps be able to think of simpler or more productive ways of doing things. Friends who are playing Entropia would also be a good sounding board for new ideas, and maybe good partners for testing those ideas.
Once you have done all that, you are probably already among the top 20% in terms of efforts. It's should now be just a matter of packaging your idea or service into a marketable form, and launch.
Navigation:
|
Jump to:
|
______________________________________________________________________
No comments:
Post a Comment