Pivoting

Day 3,341, 05:32 • Published in Ireland Ireland • by Releasethe Krakken

Recently this has been discussed a lot in news. Basically what this involves is. When your first business model is not working to adopt a plan B and thereby try to pivot the existing business into being more successful. It is said that most successful business men at one point pivot their business to hit in a major new direction.

In eRepublik we pivot when an existing business model is no longer feasible. For many a year WRM was the all mighty mantra towards success.

Basically building more and more factories until you reach about 100000 k production at todays prices worth 3000 a day. At some points it gave us about an income of 10 gold a day which we could use to daily buy an alu mine an continiously expand our factories.

As prices lowered profits shrunk and with work taxes increasing due to a spike in wages it often times took 1000 to make 1000 or a bit over a 1000.

Now as this escalated and with salaries making work tickets unfeasible. Most tycoons in eRepublik were at a pivot point. They simply were not making money in eRepublik anymore. For the first time, the economy was actually dead.

At that stage I was dependant on selling stashes to keep on supplying our troops.

However, I soon saw a major mover in the commodity prices being food and frm. I decided in the first step to go for food production.

Secondly, I took a calculated risk and predicted correctly that the Air TG won't be introduced at the end or the beginning of a year and took my 1000 gold accumulated for that to buy food factories. Placing them in full country bonus regions. Increasing my existing food production with about 25000.

Thirdly I moved all my factories from Serbia to the USA as Serbia was being petty about taxes and had low country bonuses due to the pettiness of their current leadership(the dio'ist) and dissolved others.

Thirdly I saw a massive rise in FRM prices. I then started dissolving alu mines and bought more and more FRM fisheries till FRM only cost me wam clicks.

Although my production of WRM is probably now more near 70000 by pivoting I increased my food production to +- 40000 k a day . To give an example yesterday I bought 10 Cattle Farms at 85000 and using morphing dissolved 10 fisheries to obtain 50 gold and then bought 10 Food factories for 100 gold.

So as my business already completed its pivot it is economically feasible again.

It was more a quick and dirty pivot where I bought fisheries to supply FRM. In the second phase, I will keep on expanding my food production but lower my energy requirement by getting more production per energy unit using Cattle farms and eventually Hunting Lodges . Currently, I have 486 factories of which 384 is in the USA. My work taxes is about 633 which is 0.84% of their total taxes received daily. With sales there, I think it is about 1% of the USA taxes.


However just a warning my way of playing is not for people who is avoiding gaining experience. I reached level 200 last year and is now at level 242.

But if you see that you cant compete in the battles and have miniscule strength I would suggest perhaps investing into factories making more money fighting in division 4 eventually you can then path into eb buying and mega fighting or use the money to help your country of just keep on expanding.