Money From Tailoring

[andyhre]

I just parsed my bazaar files since April 25, 2003. I have made a lot of money selling leather padding, which while it is a low tailoring trivial, is nevertheless a tailoring skill and I thought you might appreciate the numerical information I gahtered from my quick analysis:

Units: 13,780
Revenue: 397,206.5
Average: 28p8g2s9c (but on an upward trend - current E`ci market is supporting sales well above that average)

I will probably crack 400K this week.

[HitchX33]

Thanks

Thanks for the info Andyhre... I am starting the leather padding route on Xev.. I was wondering if you could tell me your favourite farming locations for Spiderling and LQ pelts... If you don't want to share it widely, don't hesitate to e-mail me at Hitch33@yahoo.com

Thanks Kindly, Hitch

[andyhre]

I spent much of my 20s and 30s in Stonebrunt and Marus Seru, getting hides and xp at the same time. I have always "farmed" silks in the Bazaar. I now "farm" both in the bazaar, or find lower-level people who need cash and xp to work on commission.

The inflation of the last six weeks has raised the standard price on E`ci from 25-30, to 35-50, actually, which sounds nutty. However, part of this is because Spiderling Silk is simply sooo much harder to farm that the use of norrath pelts is less viable, and so in addition to a influx of platinum (i.e. increased demand, at least in nominal currency) there is a curtailment of supply. I raised my price to 38 yesterday and had over 150 fly off the shelf before I had a chance to make more.

If spiderling lost all those newbie quest drops, smithing costs would drop. Maybe not to the old prices of 20-25, given the recent inflation, but back below 30.

The other "secret" is that it takes time. I probably would be a higher level if I didn't end each mornign session with a "quick" search of the bazaar for stuff and a "quick" sewing up of 40 LPs.

[Silound]

I'll openly say that I use nothing but LQ hopperhides, being able to farm them disgustingly fast as a bard. I get lots of shadeling silke while farming Swirling Shadows to bank too. However, I find for old world, nothing beats EK or SB for cat pelts. Innothule is still a good place to get spiderling silk, just less common now. Also after spending a lot of time killing poachers in JP for mask (still haven't gotten it yet) I easily amassed stacks of pelts of various qualities that I saved for padding. Not near as fast as EK or SB, but it was a bonus to the camp.

[Koru]

Wow, that is rather nice. Adds up over time. Goes to show, you can make money with lower skill, just gotta put some time and effort into it. Prices of Xev seem to be on the rise as well, 30-40pp seems pretty common, I'm starting to be very tempted to sell my chipmunked padding stash.

I am wondering, what did you use to parse your bazaar logs? The only parsers I've found have been for combat purposes only and I'd love to parse the now huge bazaar log on my trader.

[Optimum1]

Padding is selling for 45 or 50 a pop on BB which is insane until you realize that fat lazy uber 65s will shell it out instead of risking getting dirt under their gold-plated augemented nails. Buy all MQ and LQ hopper hides you can for 10 pp and under in the Bazaar. Make MQ hopper hides into LQ. Farm lings in Feerrott or FoB. Rake in cash. Repeat.

Optimum
65 nec Bristlebane
http://www.magelo.com/eq_view_profile.html?num=467713

[andyhre]

This weekend, a trader named Kattee apparently has begun trying to corner the market. offered-for-sale inputs became even scarcer than usual, and any small batches of leather padding itself got bought out. Her stock (priced at first 65, then 55) grew in proportion.

I upped my price to 40, and figured if she/he wanted to buy me out and take the additional risk, that was fine with me. I've since sold about 10-15 stacks at that price, mostly to the market cornerer, a few to others hoping to pay less than the cornered-market prices.

Many will recoil in horror at all of this, but to me it is a facinating study, both in market economics, but also in the value placed on time in the game.

My prediction is that enough people will value platininum enough to enter a market where 40pp will sell easily, and the Kattee will be unable to sustain a monopoly (and the high price) in the face of all of the increased supply. As a result, I predict prices will crash for a short time as Kattee gets sick of it all and decides to have a blow-out sale.

But I only get my economic predictions right about 60% of the time, so it remains to be seen.

[Kirstin Thornhill]

Very interesting. I have been dumping all the leather paddings I make onto my dwarven blacksmith, who has been warehousing it for some time. Currently he has slightly over 10 ten-slot bags full.

2000 paddings, at 40pp each, is 80K. Glad I buy the stuff from merchants, and not traders...

[Indra Sunrise]

I specialize in making money.

Leather padding has really made me a fortune: at this point in time: I've gotten so good at it that I make about 500pp-750pp per hour farming and making padding. Lots of practice, lots of time finding the best hunting grounds. I sell padding for 30-35pp each on Sol Ro, I leave the trader on overnight, they are almost invariably gone by morning. If there is a choke-point for me, it's getting mq and lq pelts, even buying every one in the bazaar under 10pp, I have nowhere near enough (20 stacks of threads in the bank right now). I suppose I could pay more for pelts, but I avoid it.

Backpacks are strictly pocket money for me: I'll sell 3-4 a day, but never enough to get rich. I'm looking forward to getting to start on lemming backpacks soon, so I can sell things that are more exclusive.

Oh yes: best thing, I'm making 500-750pp an hour, and I'm level 15. Actual figure is almost exactly 10 pp per minute, when averaged out over a couple of days of hunting.

[Chenier]

Originally posted by Optimum1
Padding is selling for 45 or 50 a pop on BB which is insane until you realize that fat lazy uber 65s will shell it out instead of risking getting dirt under their gold-plated augemented nails.

Heehee! I'm one of those...=D

I'm all for folks making money selling paddings...and yeah, paddings will probably make a helluva lot more money than backpacks because paddings are expendable (FS smithing skill ups, successes dumped).

[Indra Sunrise]

Re: Money From Tailoring

Originally posted by andyhre
I just parsed my bazaar files since April 25, 2003.

Could you instruct us how to do this? I know how much I make per hour, but I'd love to know how much I've made from week to week, cumulative.
Thanks in advance!

[andyhre]

I did it in a sort of brute force way - I stuck the log file into MS-Access and then filtered on the words "leather padding."

I took the result, which was small enough to fit into Excel and was able to see that excluding the name of the purchaser, and the number of digits in the sales amount, it was all a fixed number of characters, so i used Excel formulas t extract the total units and total revenue numbers, and hand-scanned for those cases in which there was something unusual (I sold for a brief period for a price like 27.5, which resulted in some 5gp revenu numbers which I had not planned for).

Perhaps the easiest way to help you out would be if you PMed me and you got me you log file -- I could send you back an excel sheet with the extracted information and the excel formulas so you can get your answer now and use ti for the future.

I'm sure a real programmer could make an even better program, and in fact, i think there was someone who posted a Perl program to do stuff like this recently.