Making Money in a new new new eRepublik

Day 1,241, 10:30 • Published in USA USA • by Endy
A Commune of One



This is probably the simplest method. Using medal bonuses you can create/buy your own company. You can start with zero cash on hand, working as a GM for a cost of 10 health each time you work.

If you wish you can look at hiring employees, just bear in mind that they will likely not have the same work ethic as you and may instead cost you money. It typically takes a week of cycling through employees until you have a decent batch.

Buying vs Purchasing

Buy from the Company market if the price is
Best advice I can give. Admin's prices are often better than what you see on the CM as Created companies come with a guarantee of not being worked at yet.


Monetary Market



Using money to make... money.


This tends to be relatively easy to get into with very little money required. If you lack the funds for the company yet this is a good way to go instead.

The basic method is to sell both times. Currency for Gold, Gold for Currency. The biggest issue this has is speed and the potential for the currency value to drop between sales resulting in a loss.

An example would be posting:

500 at a rate of 0.006

then the gold received at:

3 at a rate of 199

your profit would be: 97


Another method is to buy and wait. You buy up currency hoping that it increases in value at a later point. Risky if the currency value instead drops, but potentially very profitable if the opposite occurs.

And then there's the little seen Currency-Currency Markets. The spread rates tend to be higher(and don't cut into the 10 gold limit) but they also suffer from greater risk. Mainly comes from their general disuse(though again more since the change) and from the risk of either currency value changing in terms of gold.


The Commodities Market



Everyone needs something. Why not be the one selling it to them?


Similar to the buy and wait MM strategy above, you purchase a commodity and attempt to resale it for more. The main risk is that it won't sell for more(though careful investing can prevent this). The second risk is currency value decline, reducing or eliminating your earnings in terms of gold.

This really works well via donation with a foreign Org or a friend(essentially importing), but can also be done entirely on your home market.


Closing

Hopefully everyone found this to be interesting or at least useful. I haven't written for awhile and am mainly just feeling out the classification system.

Anyways take care all and best of luck in your respective wars.