Raw materials are the next big thing in eRepublik

Day 338, 00:55 • Published in USA • by Plato

Dear citizens,

The introduction of raw materials in eRepublik brought new tools for citizens to test their management skills. In this article we will present a business plan for a raw material company. Also, it would greatly appreciated if experienced company owners in eRepublik share their tips and stories in the comments section of the article.

Set up your own raw material company in eRepublik

Time neede😛 20 minutes
Total initial investment: 40 Gold

1. Visit the marketplaces of different countries to find out the demand and supply for each product.
Special tip: Check if there are any wars in eRepublik. If you can find any, you can be sure that in the conflict area there will be a high demand for weapons. (5 minutes – 0 Gold invested)

2. After deciding which product has the highest demand, try to find more details about the country where you intend to base your business. Import and income taxes should be as low as possible to have a higher profit. Additionally, the minimum salary, GDP and inflation are all indicators that you should consider.
Special tip: Check the trading embargoes list of that country and make sure it is not a big one, as it will be impossible for you to export your products abroad. (5 minutes – 0 Gold invested)

3. To ensure that your company productivity remains as high as possible, check all regions to determine which one has medium or high values for the type of raw material you have chosen in the previous step. (see Table (http://spreadsheets.google.com/pub?key=pGmk9oLcxIcMhZ5pBlHDCZA) with all region productivities in eRepublik - (3 minutes – 0 Gold invested)

4. Enough research - time to take action. Buy a moving ticket from the marketplace and change your citizen residence to the region you picked earlier. Any existing companies that you may have will stay in the same place, and function normally as you'll be able to manage them from abroad (2 minutes – 1 Gold invested).

5. Once you have moved to the new region, it will be time to create your raw material company. Provide a cool logo for your company (might help attract customers) and a catchy name. Having your 'Discussion area' set up will prove to be useful in the future, as communication with your employees is the key to keeping them happy (happy employees = higher productivity). (2 minutes – 20 Gold invested).

6. Congratulations, now you are the owner of a raw material company. Time to invest some money into your company accounts. Remember first to change your Gold on the monetary market as it is important to have national currency in your company to pay salaries. Post your job offers on the human resources market to hire your first employees. Consider the minimum salary in that country and also the recommended number of employees to obtain high results with minimum costs (3 minutes – 19 Gold invested).

7. Your employees start working, your company stock keeps growing, find the best price to sell your goods. Remember to include the cost and your profit in the selling price. Be sure to keep watch of how the raw material markets are developing in other countries and consider buying a market license to export your goods. Now you are on your own... good luck!

Recent updates and bug fixes
1. Manage congress candidate is working.
2. Improved the loading speed.
3. Country Administration - now you can see the administration tab in every country.
4. Added new 'bold' and 'link' buttons on the write article page. The old toolbar created some problems so it had to be removed. A new cool system for citizens will be live soon.
5. Fixed the filter bugs on the media page.
6. Fine tuning and bug fixes for the shout system.
7. Solved different visual errors on the Marketplace and Human Resources page.
8. Fixed the bug that caused two offers of the same price to be overwritten (this is an important one).
9. Country Administration - fixed different fatal errors.

Thank you for your support,
The eRepublik Team

PS: Welcome back Finland!