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Articles can be written only in English. All articles will be reviwed by our support team. Only articles about PipsTycoon economy / gameplay will be paid. Depending on the quality you can receive between $ 0.1 and...More
Articles can be written only in English. All articles will be reviwed by our support team. Only articles about PipsTycoon economy / gameplay will be paid. Depending on the quality you can receive between $ 0.1 and $ 1 for an aproved article. You can also address other topics such as financial news and tutorials but remember that only articles written in English with no spelling errors and quality content will be aproved. Less
 

rookie mistakes many players make

Written by killam 4 years ago
   Vote
 
When you open a company you will find many new information. not all are accurate and not all are easy to find. i thought to put together a list of common mistakes players make and maybe you manage to avoid them
 
First of all, a matter of procedure. I recommend all players that open a company to calculate their own prices. Not rely on the "production cost" information available as it is not accurate and can mislead you into selling under REAL production cost.
open a spreadsheet or grab a piece of paper and a pencil and calculate the following aspects:
1) resource cost: see the requirements (let's take oil for instance: u need 0.1 workhours, 0.1 electricity and 0.1 gas). So 0.1x 0.04 (market price of electricity, 0.1x0.04 (market price of gas) and 0.1x0.5/8 (current wage is 0.5 usd for 8 hours). Total: 0.01425 usd. That is the production cost the site gives u. BUT
That is not all:
Tool is not calculated and that is 4.99 for q1 (at the time when i wrote this). Since it lasts for 1000 oil.....4.99/1000=0.005 to be added to production cost.
and that is still not all.
There is a 0.02 sales tax
there is a 1% transaction tax
You have to recover the investment in company, so do not think a 0.000001 profit/oil will be enough.
As you can see, it is not easy to have a company that is profitable. Many sell under production cost either because they ran out of money and want to start production again or because they do not calculate.
To help you, i made a spreadsheet with most of the products. Use it as a template. do not take it as 100% accurate. verify the formulas yourselves.
spreadsheet
Another important aspect is the fact that you only start with 850 out of 1000 shares to company. so when you withdraw, u only get 85% of the money and then pay taxes. So u end up with aprox 75%.
 
   


     
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