How Much Formula Can You Take On A Plane Guide to Virtonomics

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Guide to Virtonomics

If you’re a fan of Capitalism II, the popular business simulation game released in 2011, imagine playing something very similar, with many features… with real players around the world. This article teaches you about how to balance your way.. and live in Virtonomics and retail stores.

So it was easy to succeed going back to Capitalism II because once you got the hang of how the AI ​​computer works, all that’s left is to copy your formula again. But can you do the same with a game that involves real people behind the monitor?

If you thought the answer was ‘no’, then you are wrong! Actually, it’s still the same – YES you can. The key to winning the business game, whether online or offline, is to treat it like your own business.

First, you need a business plan. You need to know what path to take in creating a very large business in Virtonomics. I know of some players who started by building factories first, became suppliers and later tried to dominate the market of a particular business. I will call this method the reverse method. And so, I know some players who will do market research and later choose to open retail stores first, managing their suppliers and their retail stores. This is what I call the front end. Personally, I would like to start with the previous move as the more money, the less money needed in this way.

In general, my business plan has been to build a solid and consistent income on the front end, then look back to lower my costs (so I maximize profits) by producing my own goods. Finally, laboratories must be built to research (and commercialize) new technologies to improve the quality of goods.

So now that we have chosen to go the first way, we start by doing our market research. You can do that by using [Game] -> [Report]. Select the country/city and product you wish to sell. Pay attention to two important things here:

1. Local Provider Information

2. Store information

Local suppliers in Virtonomics will refer to companies that are not controlled by players in the market. Shops will be player controlled.

Ideally, you want to have a winning edge over local providers. It may be the same prices but better quality of products. Look at the list of suppliers you have access to, and choose your products there.

Another thing you want to consider is the location of the store. Consumers who shop in City Centers tend to care more about quality than prices, compared to consumers who shop in the suburbs. Also, note the country’s wealth index. In rich countries, generally, quality is preferred over price.

Repeat this step for all products.

Once you have identified the best markets to enter your business, set up an office in that area. Use your office with the right staff and computer equipment. Next, build a 500sqm retail store in the center of the city. Just like in your office, hire other employees to look after your retail store.

Choose your supplier and buy your stock from them. Note that initially, you should stick to one branch (same product line of clothing). Also, note that supplies will only come after one game update, so don’t be surprised if you don’t see your stocks in your store yet!

As you might have guessed, the last step will be to set the prices of your goods. This can get a little intimidating for new players, but thankfully, Virtonomics provides excellent feedback to help you navigate. Again, go to Market Report and select your country/city this time. I recommend setting your values ​​using this method:

Your selling price = Local suppliers’ price * (Quality of your good / quality of local suppliers)^0.5

Prices must be considered for each individual country. As a general rule of thumb, you should increase your selling price by 30% in rich countries, and subtract about 30% by selling the same goods in poor countries. You should adjust this as you see fit.

These are the basics you need to do to set up and run a retail store. Repeat at other stores in different countries and note that you may find the same goods and price from the same supplier, but you may be charged differently due to different delivery fees. Adjust your prices accordingly as well.

Now wait for the game update, your goods should arrive and your shops are ready for new customers! Once you have a stable income, you can consider increasing the size of your stores or doing basic marketing campaigns to increase the number of customers in your store.

In my next article, I’ll discuss my strategies (and theorizing) about store optimization, efficiency, and how to have an edge over your competitors.

Feel free to contact me for help Virtonomics, my player ID erevion. I will be more than happy to help you.

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