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Basics of running an e-Business

After working for a company and earned enough country currency(CC) or gold(In any means) you can set up your own business empire.

Products
Decide what you want to produce and setup the company for your desired product.
These are the products you can produce. Please note the different between finished products and raw materials. Raw materials are normally a safer investment, as they can be sold directly on the market. Finished products must be created using workers and raw materials. It’s normally safer for newer players to begin by creating raw material companies.

Holdings
Before setting up the company a holding company needs to be created in any regions of the eWorld, you need to be in the region to create the holding but you don’t need citizenship of that region's Country. To ensure that you maximize profits and output, you can see which regions of the world have the best productivity, and the most suitable tax rates here. Protip: Newer players should either focus purely on Weapon Raw Material, or Food creation, as these markets require the least amount of GOLD investment.

Find more information about Holdings here.




Factories
Once you have created a holding company you can setup your first factory. More details of how to setup and manage the companies are here.

After creating the companies you can start production and you can use the products yourself or sell them to your fellow citizens or export your surplus products to other countries where its more in demand.

Production
In order to start production, you need raw materials and employees. There are certain products you can produce by yourself working as manager of your companies, but certain products you can only produce with the help of employees.

You can buy your raw material from the market or produce them yourselves by setting up raw materials companies when you earn enough currency or gold.

You can find employees to work in your companies by advertising job vacancies on the job market. You can advertise your vacancies in all countries you have holdings on. An adult title is required to advertise jobs. Find more details about employing and managing employment here.



Storage and Sales
All completed products will be stored in your storage from where you can use or sell them by advertising on your own country of citizenship or by buying export licences for other countries where there is a demand for your product. Managing storage and selling your products details can be found here.

Hope this article can help you to build a successful e-Business. There is also a useful company calculator here: https://www.erepublik-deutschland.de/en/tools/company-calculator

Article written by 3EyedRaven