Profit Alby: We Need You Now!
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by Onishi
In these uncertain economic times, there is only one man who can save us. The Profit Alby!
In order to expediate this process, you can do the following three things.
One
When selling products / currency, sell at the current rate. Do not undercut people, even by the smallest amount. It may take an hour to sell, instead of two minutes, but your profits will be larger, and who knows, if enough people follow this simple rule, it might still be the same price tomorrow, and not considerably less.
Two
Assess all of your companies. Figure out how much every product costs to make, and how much you're selling it for. Unless you are making a profit, you are wasting your time and contributing to this economic downfall.
If I make 10 Q1 weapons, it requires 600 units of iron to make all them, which at a price of 0.09 USD per iron amounts to 54 USD for production costs alone. Unless you are making 5.4 USD off every weapon after VAT, you're losing money. And this is if you're working as a manager, without a wage. You will still need to cover your wellness loss which will amount to 3 USD. If you're employing the worker, you need to consider the wage which amounts to 25 USD at current market rates, as well as wellness loss which amounts to around 2 USD, which means that the entire cost for 10 weapons is 81 USD. Unless you are making 8.10 USD after VAT, you're losing money if you're employing people. Unfortunately, weapons are currently making about 2.50 USD after VAT.
All weapons companies should cease trading. Do the maths on other companies yourselves, it's very simple, and could save you, and the country, a lot of money.
Three
Use all 30 of your shouts to say 1 GOLD = I USD!
Come to us, Alby!
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Comments
Shouting: Commencing
Voted, Shouted.
V
Voted, but I like the last article a little bit moar 😃
1 USD = I Gold = 1 Shout
Therefore 1 Shout = 1 USD.
1 Gold = 1 USD
Voted. HAIL THE PROFIT!
1 GOLD = 1 USD
Withholding weapons from market at time of war? I don't think so. Selling them a fair, pre market crash price is better I think. That is what I am going to do because it seems proper to me.
Frankly lofted, having an economy that's spiraling out of control is the last thing we want at a time of war.
1 Gold = 1 USD
Yes Onishi it is. Guess what? Ya need to put a leash on the government weapons companies. I saw one the other day dumping 700+ units at less than the cost of the Iron that went into them, effectively blocking any recovery. I am going to wait for recovery while still making what I have in my 3 weapons companies available. I do not want to damage the market in any way. I do not need to sell anything anyway. I have 10 companies anyway, I am sure I can find a scrap of food somewhere!
1 GOLD = 1 USD The Pope of the Church of Albyism endorses this!
Here is a good example of out of control weapons companies dumping and trashing the Q3 weapons market.
http://economy.erepublik.com/en/market/24/15/60/30/0/0/citizen/0/price_asc/1
It takes 180 units of Iron to make these things, never mind the payroll or wellness expense for the manager and also remember the 23% hit if you pull your capital out.
you gotta be crazy to sell at this price, even at that you won't be doing it long
http://tinyurl.com/let-s-unite UNITED HAIL EDEN !
help us and we will help you 😃
As a founder of the Church of Alby I approve of this.
My the Profit fill your bank account.
You have reached the maximum amount of shouts per day.
Good article.(now if you can only get potential company owners to read this...)
But I agree with loftedraptor, concerning most of what He said, too... but...
in time of REALLY important battles...
WATCH me!
There may be a lot more money to be had by 'gouging' citizens during serious war situations... especially ECONOMIC embargoes!
I suggest that TRULY loyal Americans consider the fact that "siege" situations should be considered as as real possibility, and that our gov't can't do EVERYTHING! Maybe if ALL USA owners kept a small stash of food and weapons, stored away, for a little extra "security"... to be used in time of crisis, only.
I'm gonna 'reach' a little now, but... maybe our gov't could donate small monthly "incentive" payments to owners with minimum food and weapon stocks. Say... Min. 2000 Q1 food, 500 Q1 weapons, etc., etc..
But the worst of all was pointed out by loftedraptor... concerning "GOVERNMENT FUNDED" companies DUMPING on market... NOT only hurting company owners like myself but
WASTING taxpayer money!!!
Alby is my hero!
1 GOLD = 1 USD
voted. 😁
1 GOLD = 1 USD
All well and good, for established companies.
I just bought a 'used' grain company and cannot wait two days for my grain to sell at $.12 when it will sell now for $.11, I can't wait for the turnaround and pay employees. Should I fire all my employees, even the ones that work at 100%? I've been PM'ing like crazy to get these noobs to work!
I do agree that 'dumping' product at way below market is crazy. Don't forget that Govt. program MoW gave away AS MUCH FOOD as you wanted a few days ago. This caused the food prices to crash!
Forgot something.
Please quit hiring level 1 Apprentice at $11+, this is causing me to hire 'sloppy seconds' from level 3!
Voted, Subbed, and shouted!
While not as bad as the weapons market. Q1 food is now being undercut to the point where it is becoming unprofitable for pretty much all but the 'sloppy seconds' job markets at grain around 0.12 price.
This brings me to a point that should have also been put in and Thedillpickl mentioned. Pay attention to wages and don't outbid just to get new workers faster, your only hurting yourself and everyone else. This is especially hurting the manufacturing sector as can be seen by this article.
My suggestion, hold, bid on workers at the current highest wage, maybe even bid lower. Workers come often enough that you'll get someone within a few hours to a day, especially since it's random on who is listed first for identical bids.
Oh one other note, Q1 weapons are now above 10 USD, so maybe this article is having an affect. After all working together we can stabilize the markets!
Thank you razordw for agreeing on the wage issue.
I can't stress enough how poor a plan it is to offer jobs to a level 1 Apprentice at almost what I'm paying my Coordinators.
I offer top pay for 100% and bonuses, I want volume and happy workers to offset profit margin.
Supply and demand will always win. While it would be nice to make more money per unit of grain I sell, ultimately if someone can produce it cheaper, they will sell it cheaper.
If you want high prices, then a cartel is the solution. But I guarantee you that if prices rise, then you will see wages rise as well and profits will still come to rest at their natural equilibrium.
Holy Moses! The Weapons Market seems to have corrected itself. Onishi your article seems to have helped a lot. I hope we can keep it that way. 🙂
HAIL! 1g=1USD
The Profit shall save us!
Alby was the Federalist legend. You feds need to recognize!
1 GOLD = I USD! V