Don't be a hoarder |
Published in United States of America
- Financial analysis - 2 - 12 Aug 17 15:33
Some of you have taken advantage of the fact that you can store inventory on the Market. This saves you warehouse space by marking your goods at a price no one is going to pay. One rule of economics is that inventory loses profit. You need to move whatever you manufacture out for sale, preferably the same day. Holding manufactured goods in inventory cuts profitability. As more players come into the game there will be more goods on the market. This lowers prices. As the price goes down you lose profit on whatever you have in inventory that has not sold.
Everyone has their own business method. However, some things are obvious. You want to be self sufficient. Produce enough raw material to manufacture the highest amount of goods you can and anything left after your daily use goes to market. The earnings from the surplus go to pay workers. This is all elementary and obvious but some folks, for whatever reason dont see it and they are leaking profit. Do the math. How much goes out vs. how much comes in. Stick to your business plan and dont fall into the trap of, Ill make up for it tomorrow just to take advantage of some good deal. That never works out.
Dont haggle over the price of a small amount. Stick to the price you set. If things are slow you can dump a large amount of inventory at a break even price. Its better than losing money by holding on to overstock.
Finally, keep a solid amount of gold as a base and use anything over that to improve your companies, upgrade your adrenaline pharmaceuticals, hospitals and defense systems. Upgrade your strength on the day it becomes possible. Day 110 brings the next strength upgrade for 70 golds.
If you plan on buying gold as an initial investment to build companies and upgrade existing ones, do it now. We are 110 days in and getting it done now assures you of a high rank and thriving business.
It may sound a bit preachy and its not writ in stone, but these methods have stood the test of time.
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FireWaLLGunpowder
Comments (2)
12 Aug 17 15:38
sakinvoted