Virtonomics Episode 28

BACK IN BUSINESS

Hello guys ! I am really sorry that I didn't post Virto-infos for so long , but you know , exams . I checked my company , everything was a mess ! Remember : try to log in at least once a day ! So , there are a couple of things we need to discuss in this episode . First one is a really phenomenon : cars. They are imossible to be sold . I tried ~1 month to sell at least one , but nothing ! Someone , playing in realm lien , asked me what he can do with those cars . In a market with only 14 pieces that can be sold , it's impossible to make a good deal . 

Example :

Prices are looking good ! Everyone would buy one , or 100.000 :)

This is a good example of super deal , but will this work?

NO!

This is how the market looks like in a random city :

Buy with 2.000$ and sell with 2.000.000$ , sounds very interesting !

Another topic is the contest of directors ! I've been picked in this race of millionaires and it's really hard to compete with this players . In this moment , this are my results :

We need to reach the 5th place !!! A honorable 5th will be good , but we need 2.5 more billion . As I told you , I bought an oil well , but in Lien . And this could be a problem . The oil well is 15 billion worth . That could've bring us the 5th place . We need to focus more on the retail . More than one month to reach in top 5 .

Here we are , 2nd place in standard ( retail ) . This is actually good . The first place is untouchable , so we need to keep this position !

EPISODE 29 : OIL WELL & MORE

Virtonomics Episode 22

How to make money in Virtonomics 

                     

So guyz , there are several ways to make money in this game . In my opinion , the fastest and easiest way to make money is by using stores . Here are the top 5 ways to make money , accessible for everyone.

1.

Stores can be opened or closed in 1 game week . They have not an expensive building price and can be easily managed . They don't have a very large number of employees , that means less salary expenses. There are only costs for advertising and rent . Advertising can be set by you and rent expenses aren't very high ( depending on the store , the bigger , the more you will have to pay ) . Rent depends on every city . Example :

The difference between an african store in the city center and a european store in the city center . Store rents depend also on the location . For example a store in the suburb has a lower rent price per sqm than a store , in the same city , in a trendy neighborhood .

2.

Factories are another great way to make money . They are a risky investition , but a good one . Having a factory with mass production units , that will be sold with more than the cost of production price , means profit . Of course , taxes need to be paid too , so make sure you make good profit . A good profit means over 100% than the production costs . Factories can produce goods that will be sold with 50$ or goods that will be sold with 1 million $ . Goods with a lower selling price are usually built in mass , so not 50 pieces , maybe 5000 pieces . The bigger the factory , the more goods can be produced . If you want to build a factory , ALWAYS build it in a country with very low salary per citizen . Example :

This are the in-game salaries in Nigeria ( Mary ) . Nigeria would be a good place to start your business with factories . There are also other countries with similar salary .

There are 3 key factors for the factory , salary , education level and population . The salary is important for the production . The costs will be lower , if the salary is low too . The education level is also low in Nigeria , that means that the salaries are low too . If the education is high , the salaries are high too and the wealth level of every family would also be increased . Product sales depend on the population . The higher the population , the more people will buy your products . Big population means big market size . 

3.

Farms . As I told you in the last episodes , farms are extremly important in the food industry , textile and other . Farms are same important as plantations or fishing bases . The biggest amount of bought product type is bread ( mary - foodstuff ) . Farms need a big investment at the beginning , but after that , profit will come . They need to be carefully managed .

4.

Restaurants vs. service sector vs medical center vs autorepair shop . Definitely restaurant are more profitable . But , just like the farms , they need a huge amount of money spent on the equipment . Equipment is very expensive , so you can't buy thousands of pieces . The service sector has invaded almost every city in this game . It is hard to find a free spot to open a hairdressing salon , laundry or fitness center . Medical centers aren't that profitable as I thought . The will need high quality products to be sold . The salaries are very high . But if you manage to sell medical supplies with an extremly good price , the profit you will have will be amazing . Autorepair shops are like the service sector . They are everywhere . As I said , if you manage to find a good spot , you will dominate the competition .

A nice restaurant , visited by thousand of people daily ( every update ) will bring you some good profit . The secret is not to build the same restaurant in a city , which also has that type of restaurant . Be different , be special . People want to try other things too . Being the only restaurant in the city , that sells a specific menu for the people will be your advantage in the battle of restaurant supremacy .

5.

Warehouse . The warehouses are an interesting way to sell products . The buy cheap and sell expensive method is a good move , because you have a huge amount of space . You also need to be careful , what object can be sold in a warehouse , Warehouses are also used to deposit different stuff , depending on category , transport units from warehouse to that place or from that place to the warehouse .

Virtonomics Episode 20

This image is exactly today's topic ! The road to succes in this game is very difficult , as I told you in the last episodes . Smart investments are required and the most important thing , time . The competition is tough , depending on the amount of products offered by this game . In the overprices episodes , we understood that we can't make deals with many natural resources , but there are some resource types , offered by the INDEPENDENT SUPPLIER . The independent suppliers offer you an unlimited amount of products . Very good ! Thank you ! That means , the game is not done !  The secret in this game is to build products , that require less resources , a low production cost and a good buying price .

LET'S USE OUR BRAINS IN A CONSTRUCTIVE WAY

First of all , we need to check the accessible resources .

SERVER : MARY

So , you need to choose a production type . 

Hmmm... clothes ? or no , a farm ? What should I choose ? Maybe I build a distillery ...

YOU NEED TO STUDY THE MARKET FIRST !!!

If 500 people are producing clothes in your country , you don't start the production right there . You need to analyse first .

More about market analyse : "Virtonomics Episode 3" .

In my opinion , a good start will be a production , that requires only 1 resource . There can be used more than 1 too , but they need to be cheap . Be very careful by choosing the production !

Example : 

Farms . Farms are maybe the most important production in this game . The only production unit you need is grain . 

Grain is very cheap and you can easily afford it . Now , here comes the interesting part . What kind of farm should you build ? Do you want to produce milk , wool , meat , eggs , leather ? Or you want just to raise animals and sell them ? Both ways are good investments , but you will need the animals to start your farm . And this is how people sell them :

CHICKEN

PIG

SHEEP

COW

Wow , "smart boys" everywhere . They hate competition so much , that they set an OVERPRICE on this animals . Look at the prices of cows , impossible . Maybe if they see this post , they will change it ...

So , now it's time to use our brains . Start a risky , very expensive business ? Or analyse the market more ?

We choose the second option . Let's see what more can we build with grain .

Hmm , the beer production looks interesting from all of this . But you can choose whatever you want to produce . Remember : You have not so many choices to make !

Ok , so this server isn't that friendly with grain . But can the other server change something ?

SERVER LIEN :

Let's take the same example with farms in LIEN .

Price of grain :

So the suppliers price is the same , interesting . But let's see the animals , maybe they have better prices per unit :

CHICKEN

PIG

SHEEP

COW

All the animals have good prices . You can easily start by raising them for mass production of milk , eggs , meat , wool or leather . From this point of view , you should start your farms in server LIEN . You have the eggs , meat , milk , wool and/or leather . What can you do with them ?



SHEPHERDS ( SHEEP )

Sheeps can produce wool and meat .

This is the most important thing in any farm . The amount that can be produced !!!

What can you do with wool ?

LIEN

MARY

What can you do with meat ?

LIEN

MARY

You can use meat for production , in restaurants or sell to people in stores .

Restaurants that require meat :

LIEN

MARY

POULTRY WORKER ( CHICKEN )

Poultry farms can produce eggs and meat , but they are essential for it's most important production , eggs .

What can you do with eggs ?

LIEN 

MARY

They can also be used in production of other goods , stores and restaurants .


PIG WORKERS ( PIG )

In pig farms can be obtained : leather and meat .

What can you do with leather ?

LIEN 

MARY

Leather can be used only for production . Artificial leather can be made without animal leather.




COWSHED WORKERS ( COW )

Cowsheds are the most expensive farms . They can build : milk and meat .

What can you do with milk ?

LIEN

MARY

Milk can be used for production of other goods , restaurants and stores .