[Re-print] The Complete Guide to Starting a Company (Part 1 of 2)
Day 689, 01:53
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Published in United Kingdom 
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by
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by Jack Harris
Due to the elections, this article didn't get much chance as to get in top 5 so I am re-printing it
Welcome to Finance Weekly! My new Weekly Newspaper that can help you make money in the e-world! Today we will look at setting up a Q1 company and how to make money from it. This is Part 1 of 2 so please vote and subscribe if you enjoyed the article. Also beware, this is a long read
Most people aspire to be rich. When I joined eRepublik, I wanted to become a GM (General Manager) straight away. It was the only thing that made me play this game for a while.
This guide will cover all aspects of creating a company in the eUK and how to profit from it. It should help first time GMs to not make the mistakes that a lot of people (including myself) have made.
And for the people who want to start a Q1 company, do not expect to make alot of money from it. From my Q1 food company, I am making about 1G a week and am doing it for fun rather than profit. Do not expect riches in a matter of days!
1: Create an Organisation
The first thing to do is to create an organisation. Organisations are very useful for many reasons. Using one means you can work at your company. This helps if your company is losing money and you need to feed yourself, you can work at another company just like you did before you had a company.
Another advantage is that it gives you 20 invetory spaces. This becomes more useful as you become older as a player for when you want to stockpile weapons etc.
In short, organisations are very important and are definitely worth 5 Gold.
2: Choose your Industry
In eRepublik, you can currently choose from 3 types of companies: Land, Manufacturing and Construction. These are also the 3 skills you improve as you work in a Land, Manufacturing or Constructions company. There are also 12 industries in these 3 company types:
Manufacturing
Food: The food industry is a good choice to start a Q1 company in my opinion. I was experimenting Q1 companies and this one was the most successful as a Q1. I reccomend this as a first time company in the UK.
Gifts: Gifts can make profit, but only with alot of effort and even then, you will probably make about 1GBP a week. Also, if you choose the gifting industry, you must donate the Raw materials instead of buying off the market (Donating Raw materials will be covered in Part 2)
Weapons: The Weapns industry can be good or bad for Q1 companies. In times of war, it can be great and your weapons can fly off the shelves. But when we have no war, weapons aren't going to sell very well. I would say this has the highest profit potential out of the Q1 companies, but it really depends on the amount of war this country gets. Also you need to donate RM for this industry, like Gifts.
Moving Tickets: This industry is very hard to profit from. I would not reccomend at all
Land
Due to the way Land companies work, Q1 Land companies will not profit. I would only advise making a land company if you could start at Q3+.
Also, the only high resource we have in the eUK is grain. (Medium resources are badly designed and don't work) So if you really want a Land company, it needs to be Q3+ Grain in London.
Counstructions
Housing: Q1 housing can profit, but I would not reccomend it at the moment. There are currently 14 Q1 houses on the market. So at this moment, I would say no.
Hospitals: Q1 Hospitals don't sell. If you are looking to go into Hospitals, you need to go into Q5. It's the only type people buy now.
Defence Systems: Q1 Defence Systems don't sell. If you are looking to go into Defence Systems, you need to go into Q5. It's the only type people buy now.
Defence systems also cost the same to build as Hospitals do, yet they sell for less. This is because they do not have benefits as good as hospitals do, so they are generally only bought by countries who can afford to throw money around.
When you choose your industry, always look at the companies for sale to see if you can get a company for cheaper than 20G. Also, make sure that the company is in London (Reason for London is explained below)
3: Choose your Location
Right, now you have made an organisation and you have decided your industry. Now you need to decide your location.
At the moment, the eUK isn't the most popular countries. We border the USA, Sweden and Finland, who do not like us that much. Therefore, I think it is important for your company to be in a safe location. I would advise that you make your company in London for 2 main reasons:
1: London is our most populated regionby more than double, has a Q5 DS and Hospital and has no borders with enemy countries. It also contains a huge percentage of the countries companies, so therefore it is the safest and most important region by far.
2: It has our only land resource, (I don't count medium, it's pointless) Grain. If you are going to make a grain company, it must be in London.
So make sure your company is in London!
Thats the end of this weeks article. Please subscribe to read next weeks article where I will go over aspects such as Productivity,Taxes,Exporting and Upgrading.
Thanks for reading
Jack Harris,
Editor of Finance Weekly.
Welcome to Finance Weekly! My new Weekly Newspaper that can help you make money in the e-world! Today we will look at setting up a Q1 company and how to make money from it. This is Part 1 of 2 so please vote and subscribe if you enjoyed the article. Also beware, this is a long read
Most people aspire to be rich. When I joined eRepublik, I wanted to become a GM (General Manager) straight away. It was the only thing that made me play this game for a while.
This guide will cover all aspects of creating a company in the eUK and how to profit from it. It should help first time GMs to not make the mistakes that a lot of people (including myself) have made.
And for the people who want to start a Q1 company, do not expect to make alot of money from it. From my Q1 food company, I am making about 1G a week and am doing it for fun rather than profit. Do not expect riches in a matter of days!
1: Create an Organisation
The first thing to do is to create an organisation. Organisations are very useful for many reasons. Using one means you can work at your company. This helps if your company is losing money and you need to feed yourself, you can work at another company just like you did before you had a company.
Another advantage is that it gives you 20 invetory spaces. This becomes more useful as you become older as a player for when you want to stockpile weapons etc.
In short, organisations are very important and are definitely worth 5 Gold.
2: Choose your Industry
In eRepublik, you can currently choose from 3 types of companies: Land, Manufacturing and Construction. These are also the 3 skills you improve as you work in a Land, Manufacturing or Constructions company. There are also 12 industries in these 3 company types:
Manufacturing
Food: The food industry is a good choice to start a Q1 company in my opinion. I was experimenting Q1 companies and this one was the most successful as a Q1. I reccomend this as a first time company in the UK.
Gifts: Gifts can make profit, but only with alot of effort and even then, you will probably make about 1GBP a week. Also, if you choose the gifting industry, you must donate the Raw materials instead of buying off the market (Donating Raw materials will be covered in Part 2)
Weapons: The Weapns industry can be good or bad for Q1 companies. In times of war, it can be great and your weapons can fly off the shelves. But when we have no war, weapons aren't going to sell very well. I would say this has the highest profit potential out of the Q1 companies, but it really depends on the amount of war this country gets. Also you need to donate RM for this industry, like Gifts.
Moving Tickets: This industry is very hard to profit from. I would not reccomend at all
Land
Due to the way Land companies work, Q1 Land companies will not profit. I would only advise making a land company if you could start at Q3+.
Also, the only high resource we have in the eUK is grain. (Medium resources are badly designed and don't work) So if you really want a Land company, it needs to be Q3+ Grain in London.
Counstructions
Housing: Q1 housing can profit, but I would not reccomend it at the moment. There are currently 14 Q1 houses on the market. So at this moment, I would say no.
Hospitals: Q1 Hospitals don't sell. If you are looking to go into Hospitals, you need to go into Q5. It's the only type people buy now.
Defence Systems: Q1 Defence Systems don't sell. If you are looking to go into Defence Systems, you need to go into Q5. It's the only type people buy now.
Defence systems also cost the same to build as Hospitals do, yet they sell for less. This is because they do not have benefits as good as hospitals do, so they are generally only bought by countries who can afford to throw money around.
When you choose your industry, always look at the companies for sale to see if you can get a company for cheaper than 20G. Also, make sure that the company is in London (Reason for London is explained below)
3: Choose your Location
Right, now you have made an organisation and you have decided your industry. Now you need to decide your location.
At the moment, the eUK isn't the most popular countries. We border the USA, Sweden and Finland, who do not like us that much. Therefore, I think it is important for your company to be in a safe location. I would advise that you make your company in London for 2 main reasons:
1: London is our most populated regionby more than double, has a Q5 DS and Hospital and has no borders with enemy countries. It also contains a huge percentage of the countries companies, so therefore it is the safest and most important region by far.
2: It has our only land resource, (I don't count medium, it's pointless) Grain. If you are going to make a grain company, it must be in London.
So make sure your company is in London!
Thats the end of this weeks article. Please subscribe to read next weeks article where I will go over aspects such as Productivity,Taxes,Exporting and Upgrading.
Thanks for reading
🙂
Jack Harris,
Editor of Finance Weekly.
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p.s. any one want a Q1 house message me 4.5Gold