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Tjgreene

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General Stall Question Reply to this Post
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Are stall owners on all oceans faced with the tons of competition on main islands, or is there an ocean beside Emerald that isn't as competitious as of yet. Back when I first started it wasnt east to open a stall and those that had them were great puzzlers to earn the poe required and set rates according to market so they didnt lose money.

It seems there are tons with rates so low they have to be losing money ie: Aim isl on Emerald (old Hunter Side) and I know there arent that many that are able to run commodities needed for some stalls ie weaving! across the entire ocean to have such low prices?

Any thoughts? Ideas?

Any ocean not flooded with shoppes and stalls I could try out for my stall working fix that actually would be profitable?
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Tjgreene - Hunter Ocean (tjgreen on sage) (tjgreene on malachite)
Captain - Alpha Hunters
King of the Flag - Hunters Alliance
[Mar 29, 2012 5:33:11 PM] Show Printable Version of Post        Send Private Message    joshmbsc83 [Link]  Go to top 
barrelmonkey

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Re: General Stall Question Reply to this Post
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Try finding or making a spreadsheet of the costs and profit associated with running a stall, then punch in numbers for a few different islands across the ocean. I imagine you'll find there are some profitable ones. I actually just did it earlier today and ended up with a projected 270k/month for a stall on one island (although I'm sure that's a short-term anomaly and I will probably end up with more like 80k).
[Mar 29, 2012 7:36:40 PM] Show Printable Version of Post        Send Private Message [Link]  Go to top 
BobJanova

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Re: General Stall Question Reply to this Post
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Lima on Viridian was always (at least for a few years) like that, along with a few other over-subscribed hub islands.
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Bobjanova on Viridian and Malachite
Shops and stalls with fair and profitable wages for all: Jubilee, Napi, Chelydra
Stripped/Barely Dressed (Malachite)
Phantasm/Reign of Chaos (Viridian)
[Mar 30, 2012 4:20:27 PM] Show Printable Version of Post        Send Private Message [Link]  Go to top 
Tjgreene

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Re: General Stall Question Reply to this Post
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Try finding or making a spreadsheet of the costs and profit associated with running a stall, then punch in numbers for a few different islands across the ocean. I imagine you'll find there are some profitable ones. I actually just did it earlier today and ended up with a projected 270k/month for a stall on one island (although I'm sure that's a short-term anomaly and I will probably end up with more like 80k).


Yea i know my Iron stalls are profitable..but as i can tell only iron, possibly distillery is even close to making profit, but there's still tons of competition..tons of alts for labor is the only way i see it profitable either way
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Tjgreene - Hunter Ocean (tjgreen on sage) (tjgreene on malachite)
Captain - Alpha Hunters
King of the Flag - Hunters Alliance
[Mar 31, 2012 4:36:42 PM] Show Printable Version of Post        Send Private Message    joshmbsc83 [Link]  Go to top 
flewors

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Re: General Stall Question Reply to this Post
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Weaving in particular has a problem that it's a middle industry, it doesn't make any final products and many people who use a lot of cloth will have their own weavery to supply themselves at cost. That said there are always people buying plenty of sail cloth on Aimuari and you can definitely make a profit there.

With other products I find on the major islands you have to specialise or at least avoid things that are very simple to make as they're often sold at or below cost. There are usually more complicated or labour intensive items that will bring in a decent profit. You can also make a profit being fast rather than being cheap. People will sometimes pay significantly more for immediate delivery.

Also bear in mind that even if margins are low you do tend to have many more customers and you can make up for the low individual margins by selling large quantities. Making 1 or 2 poe per small cannon ball isn't so bad when you're selling thousands of them.
[Apr 2, 2012 5:21:05 PM] Show Printable Version of Post        Send Private Message [Link]  Go to top 
Pauling

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Re: General Stall Question Reply to this Post
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Weaveries are indeed tricky to manage. In three weeks of having the lowest price on several colors at my weavery on scrimshaw (next door to a major island), we've gotten a grand total of one direct order from a customer. By contrast, at our weavery on the very populous island next door, we have a 7 day queue of external orders. The weavery costs are similar, though.

One common suggestion for dealing with excessive competition is to buy and quickly resell commodities, on the premise that high competition makes it harder to get commodities delivered. Rather than making money by turning hemp into cloth, for example, you might take advantage of scarcity by buying at 7 PoE and selling at 8. However- and this is a big caveat- commodity arbitrage only works when someone on the island needs commodities. If no one has customers, there's probably no scarcity or demand for what you're reselling. Sites like weatheredhelm.com can help you to decide what to buy when, to maximize profits.
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Pauling of the Lost Lot, Sagemerald
Officer emeritus and occasional cabin person
Puppetar (and drawing of secret Blackthorpe plans) by the talented Tilinka
[Apr 3, 2012 7:37:09 AM] Show Printable Version of Post        Send Private Message [Link]  Go to top 
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