Making money in eRepublik
Day 1,621, 06:10
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Published in Ireland 
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by
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by CaffeineHit
WARNING : I am very new to the game, so there is a very good chance that everything I say is completely wrong
The economics/business side of the game is probably what interests me the most as this would be similar to my interest in RL.
Firstly, he headline is a little misleading, as you can't really make money from the game but what you can do is make your self sufficient.
So my first writing is going to be on the economics of Raw material production as it is the easiest and cheapest to get started with.
My calculations are based on a price of food raw materials of 0.14 IEP, gold price of 1g=2,000 IEP and an Irish production bonus of 60%.
I will start with an analysis of the facilities assuming no employees
So basically it takes about 6 months to get your initial investment back from a Grain farm or a fruit farm and far longer for all the rest.
But of course everything from Q3 onwards can have additional employees which can help overcome the initial capital costs of the building.
Firstly, I worked off the assumption that everyone works for minimum wage and once the capital is repaid everyone shares in the output.
The quickest payback seems to be the Cattle ranch with an 8.5k initial investment being repaid in just over 3 months and then the owner getting 39IEP per day or 1,176IEP per month (0.6g of gold)
If you intend to stay in the game long term, this probably does make sense. However, as the saying goes 'past performance is no guarantee of future performance', if the price of food raw materials continues to drop the payback will be longer and the profit in the future could be lower.
Dreaded
The economics/business side of the game is probably what interests me the most as this would be similar to my interest in RL.
Firstly, he headline is a little misleading, as you can't really make money from the game but what you can do is make your self sufficient.
So my first writing is going to be on the economics of Raw material production as it is the easiest and cheapest to get started with.
My calculations are based on a price of food raw materials of 0.14 IEP, gold price of 1g=2,000 IEP and an Irish production bonus of 60%.
I will start with an analysis of the facilities assuming no employees
So basically it takes about 6 months to get your initial investment back from a Grain farm or a fruit farm and far longer for all the rest.
But of course everything from Q3 onwards can have additional employees which can help overcome the initial capital costs of the building.
Firstly, I worked off the assumption that everyone works for minimum wage and once the capital is repaid everyone shares in the output.
The quickest payback seems to be the Cattle ranch with an 8.5k initial investment being repaid in just over 3 months and then the owner getting 39IEP per day or 1,176IEP per month (0.6g of gold)
If you intend to stay in the game long term, this probably does make sense. However, as the saying goes 'past performance is no guarantee of future performance', if the price of food raw materials continues to drop the payback will be longer and the profit in the future could be lower.
Dreaded
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v+s
V+S
v+s welcome and good luck!
"Firstly, I worked off the assumption that everyone works for minimum wage"
No one in their right mind will work for the minimum wage, those that do are in MU Communes and getting free weapons & food.
Also its not viable to employ people & pay market wages in anything under Q6, Q5 under are just for self production use now thanks to the way erep has developed.
v
V&S
Well done DE. Oh, and DE, welcome to Nogin the 'voice of reason' nog. She's cool. You might get to know her better, I suggest you start a dialogue....
v+s
I've to agree with nogin, who will work for minimum? Your calculations are a bit wrong for that reason. Voted
Glad to have another player interested in the economics of the game. Good luck to you.
welcome and keep up the good work \o/
I accept that no one will work for nothing.
I used the minimum wage assumption to calculate the profit and loss for a communal where players are paid a ahare of the profits rather a salary