This is the third in a series of updates on my PLEX market venture which began 8 days ago on Oct 26 when I first started buying PLEX for resale.
I now have buy and sell orders up on several characters in different regions. To date I've bought 35 and sold 12 as shown in the JEveAssets Transactions screenshot below.
Besides the 12 PLEX that were resold another 10 were used to resub accounts, leaving 13 as yet unsold. I'll also need another 6 in about a week to resub more accounts. That leaves 7 more to sell.
I paid an average of 568 mil ISK each for the 35 I bought and sold 12 for an average of 616 mil ISK each. Or about 48.8 mil profit per PLEX sold. Before taxes and fees that is. After taxes and fees of roughly 12 mil each that leaves about 36 mil profit per PLEX or 432 million in total profits.
Assuming the other 7 sell for the same 36 mil after taxes and fees profit, that'd be 684 mil in total profits.
That's over an 8 day period, extrapolated over a full 30 day month, that'd be 2.65 billion per month. Considering I've barely gotten started in the PLEX market I should be able to do considerably better than that. There's still plenty of room left for expansion both in the number of regions I'm working and in the number of PLEX I buy in each region I am working. I haven't transported any PLEX between regions yet either, there's probably more profit to be gleaned that way too.
This is under the worst conditions, while PLEX prices are going down. Once prices stabilize and start going up again, my profit per PLEX might even go up. Note how the first ones I bought, which I paid the most for, also netted the biggest profits (68 mil ISK before taxes and fees on the very first one)
I'll be moving slowly but surely, continuing to increase my presence in the PLEX market until I have it maximized to net me the most profit for the least work.