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by Angerforge
I'm thinking of getting into the Iron Business. Curious if anyone has any tips for being really successful...If war is not taking place, is this a good business to be in?
Business owners, step up and let your thoughts be heard
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Comments
No. Just no. Not Iron. Weapons companies purchase their Iron from High Region nations. (Greece, Spain, ect)
Why?
They get 2x per worker. The Medium regions get 1x per worker. You probably don't have the gold needed to upgrade to Q2/3. American Iron can compete somewhat, but not at the Q1 level. At least, if you want to turn a profit.
Good luck though whatever you end up doing!
Sound advice. All the rumblings I have heard from the Iron martket have sounded the same.
I mean the Iron companies get the production bonus. Basically they can produce iron 50% cheaper than an American company. So Weapon Companies naturally buy there to lower their margins.
Think about Weapons, its a hot selling item, thanks PEACE! 😛
Weapons would make sense at the moment, but then what happens when the war is over? I hear that weapons companies generally run in the red during peace time..Training wars don't seem to generate enough sales and can't be counted on to happen regularly.
What other business options make sense and wouldbe good for long term cashflow?
if you want to start in the extraction business, you have to be ready to invest to get to at least q3-q4 level otherwise it not profitable, and you have to do it in a high iron region