Join the new world

Originally Written by: Emergy Maxfell
Updated ever so slightly by: Kevy Shabado

Hello eUK. This is part two of the Owning a company guide. As promised, this goes into the nitty gritty of company management. Since this was last released, the admins have changed a few things, most noticeably, the amount of workers you can have in a company (;_😉. I hope you enjoy reading. Thanks again to Emergy Maxfell for this guide.

Knowing your market
Understanding the value and price of goods is an acquired skill that depends on many factors. Much like in a real economy perceived shortages in supply, declining currency value, and changes in company rules can all contribute in rising the cost of both resource and finished goods. Likewise, surpluses in production, reduced demand, or a rising currency price can push prices down. Learning how to identify and react to these market changes takes time and a bit of practice. One common practice, particularly if you are self producing your own goods, is to match your price with that of the lowest market offer to ensure your goods will be sold quickly.

Resources and other bonuses
In eRepublik, not all raw materials are created equal. Each region of the Country contains a specific ' natural resource' which can be found on the Economy Section of the Country Page. In the United Kingdom we have 5 natural resources, they are Fish, Iron, Cattle, Oil, and Aluminum.

The number of natural resources your country controls effects how productive your workers are. For each natural resource your country owns, you and your workers will earn an additional 20% to their base productivity.


Note: THIS AFFECTS BOTH RAW MATERIAL COMPANIES AND FINISHED GOODS!


For each 'natural resource' your country controls, you receive a production bonus of 20% (both on raw materials, as well as finished goods.)

Production

Your Workforce
Now, it's time to hire some workers! Each company can employ a maximum of five workers. To view your companies employees, click the Manage Employees icon from the company drop down box on your Land page.


Anyone in there? Let's find out.

Posting a Job Offer
After you've entered the Manage Employees page, you're now ready to post a job offer!


Click the Job Offers tab tor each the post new job offer page.


Now that you're on the job offers page, you're ready to post an offer.

To post a new offer, select the number of employees you would like to hire (offers), and the daily salary each will receive.

Note: Check the Job Market prior to posting an offer will give you an idea of how much you should be paying your workers. One typical approach is to pay 0.01 GBP more than the highest offer. This ensures that your job appears at the top of the list.

When you're ready, click Save to post your job offer to the Job Market.

Health and Productivity
Your in-game health (wellness) use to affect your work productivity, however it does not affect your productivity anymore. Every time you work in your own companies and you will lose 10 wellness and thanks to an admin change you'll also lose 10 wellness in your standard job.

Manager Actions
As a manager, you have the option of firing and adjusting your workers salary. To keep general managers from reducing salaries right after a worker joins, you are required to pay the posted salary for at least 3 days before you can modify it. To access the Manager Options, visit the Employee Page. Click the Manage Employees icon from the company drop down box on your Land page.


Here we can see the employee name, daily productivity, and salary. To change the salary, just type in the new amount and click the blue pen icon. Or, if he or she isn't being productive (or has stopped working) click the red button to fire them.

Storage
Your storage area is a special building that all players recieve and is the central location where all your products and raw materials are placed in. Every product or raw material your company produces will be added to your storage when it is bought or produced. If your company requires a raw materials (like food or weapons) the raw materials will be taken from your storage automatically. The storage is also the place where products may be listed on the Marketplace.


It looks tiny, but it's bigger on the inside.

Buying Storage
Every player beings the game with 1,000 free storage slots. You can purchase more by navigating to the My Land page and clicking an empty plot of land. This will bring up the Create New Company page.

Select Storage from the drop down box, and let's take a look at our options.


Here you can see the two different types of storage available to players. Normal storage can hold an additional 1,000 units and Large Storage can hold 9,000. Keep in mind, each storage unit requires a Free Land Space, so if you plan to buy several small storage units, you may also be required to purchase additional lands.

Profit and Loss

Getting your goods out there
Alright! So, you've done the hard work of producing goods and now you're ready to put the up on the Marketplace and make some cash. The first thing you'll need to do is access the Storage building. Click on My Land then click on the Storage building (it will be the 3rd building from the top) to enter the Storage Center.


The Storage building will show all the products you have either produced or bought from the Marketplace. Once you built up a nice stockpile, you're ready to begin selling goods on the marketplace!

Posting the right thing
Now that you've got some products for sale, it's time to list them! Click the Product box bring up a drop down menu. Then select the type of product and quality level you wish to sell then click it to select.


The drop down box will help you select the right product. I'm going to list some Q3 Moving Tickets. (Please note, these don't exist anymore, but you get the idea)

Fixing a price
Before you list, calculate how much you have spent on the raw materials and employee salary so you know your 'break even amount' so you'll know how low you can sell at. Next, check the Marketplace and find out the current price of your products. If you're listing Raw Materials (iron, grain, etc.) it's a common practice to match the lowest price. If you're selling Weapons, Food, or other finished goods you can either match the lowest market price or sell it for slightly less so your items are bought first.


I'm ready to list my 100 Q3 Moving Tickets for 35 GBP each. It looks like I'm also paying a bit of tax (see below) now all I need to do is click Add on Sale.

Salaries
For information on posting a Job Offer, see above. Salaries are set by the market and move up and down based on strong or weak demand in the Marketplace. Either by pushing the value of goods up and increasing wages or driving the value of goods down and depressing them. The gold value of currency is also strongly linked with the Job Market. If you have good workers in your company, make sure to pay them well or you will lose them. Check salaries regularly and reward citizens who enrich you.

Taxes
The only thing certain in life is death and taxes and I'm not so sure about that first one. In eRepublik there are 3 types of taxes:

Income Tax
Also known as the Worker Tax, all Citizens who work in a company (self production pays no Income Tax as you do not earn income working as a manager) are required to pay a percentage of their listed Salary into the Country Accounts.

Value Added Tax (VAT)
Whenever a good which requires a resource to produce (Weapons, Food, etc.) is listed on the Marketplace the lister must pay a VAT (resources pay no VAT.)

Import Tax
If you own a Market License to export your goods to another country, you must pay that countries Import Tax. In some instances, import taxes are left at very high levels to prevent the importation of goods, reducing pressure on the currency and to encourage domestic production. Other times, they are left very low to drive prices down and fill 'holes' where no domestic company exists (or if demand out paces supply.)

Competition
If you're going to hire workers, do a good job. Make sure they always have resources to produce goods (if they are making a finished product) and have plenty of currency to pay their salaries. Treat people like people and do a good job for those that help you.

Buying and selling overseas
Selling products overseas can be tricky. Pay careful attention to the countries currency value (the value at which currency can be exchanged for gold) as well as the countries Import Tax. Only sell overseas if you can make more money doing it, otherwise, you're better off selling products in your home market. Do research before you purchase a license, look for countries with low Import Taxes and expensive markets.

License
To purchase a license, head over to the Storage area again.


Ready to buy? Click the buy license button below the Market Box. Select the country you wish to export to and click Buy Market License.

A Quality Product

The hallmark of any quality product is price and availability. The greater your ability to produce goods without interruption the more reliable your products will become to other players. Reliable company owners are often rewarded by players who choose their products over another as a matter of personal preference.

Raw Materials
All finished goods require raw materials to produce and each quality level requires a different number of raw materials per product. Here is the distribution of raw materials to completed goods.


The number of raw materials needed to complete 1 finished good (per quality level.)

Thanks for reading.

Emergy Maxfell
P kewl guy


Here are the important links as usual:

Make sure you join the official UK forums!