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UPDATE :-

I MADE 1 GOLD A DAY BY DOING THIS BY ONLY SPEND AROUND 5 MINUTES. YOU CAN MADE UP TO 5 GOLD IF YOU DARE TO TAKE THE RISK & HAVE THE TIME

Assalamualaikum & good days to everyone.

So today I would like to share some of my knowledge on business in eRepublik. Most people thought that the only way to be rich is by owning your own company and since Plato messed up the economy badly from V2 only Q3 and above companies can actually produce good profits while for Q2 companies only give back the investment with little or no profit at all and Q1 will only produce loses.



This mind set usually among the newbies is one of the main reason why the economy is doing so badly nowadays because the supply is more than the demand and with Plato implementing all those missions which actually give everyone the ability of self support, the demand for goods have been greatly reduce and in the same time supply have increase dramatically.

How To Be Rich Without Any Company???



So now how can you be rich without any company? Well be a picker of course!!! So what is a picker? In RL term a picker is one who look for things that people does not want anymore and bought it for s cheap price and then resell it for a higher price. In eRepublik I used the term picker as reference to one who buy goods when it is cheap and resell it at a higher price in the same or different market.

How To Be A Picker???



First of all you need to have some money in your pocket. The amount of money you needed depend on where you are eborn. If you are eborn in a small population country than you will need a lot more money compare if you are born is a country with a big population.

This is due to the reason that if you are eborn in a country with a high population you will automatically will get a free export license for that country and due to the large population you will have better chances in making profits by being a picker while if you are eborn in a small population country you will need to buy new export license to a big population country which will cost you 20 Gold. You also need money as a capitol to buy goods of course. If you don't have the money just work and train everyday to get Gold or find a "Godfather" who willing to give you a loan.

Secondly do some research!!! The research you need to do is the the country monetary market. Choose a country with strong currency if you want to make a quick profits. After that look at the market of the country for a few days. You will notice a trend in the market of the country.



Market Trend Example

At 00:00

Q1 Weapon Price :- MYR 5.00

At 0😇

Q1 Weapon Price :- MYR 3.50

At 02:00

Q1 Weapon Price :- MYR 7.00

At 16:00

Q1 Weapon Price :- MYR 2.50

Ok do you see the trend here? At the beginning of the new day the price will be normal but most people will start producing and selling their products during the first 30 minutes of the new day thus decreasing the value dramatically. Also most people will fight in the first 2 - 5 hours of the new day thus when the number of weapons decreasing in the market the price will increase dramatically as more and more people buy it to fight. by the time the new day have is at its 16 hours other players who did not produce their product at the start of the new day will start selling their products at a very low price due to the fact that most people already done fighting and the demand for the products has been reduce.



This is the best time for a picker to buy the goods in a large number and then resell it at MYR 7.00 for the next day. See how you just made a profit of MYR 4.5 just by waiting. It will take sometimes to see the profits because you have to wait a whole day but hey you just made your self a great profit with no lost.

Conclusion

So in the end you need to be smart and patient. You need to do a lot of research on the world market to find the best place to max out your profits. You also need to test the market by your self and take the risk of waiting even longer time to gain profits but in the end being a picker you have almost a 0% of taking lost.I am sorry for a wall of text but this will help you guys especially the newbie to become rich 🙂

Yours Truly,

Noveras