This is a re-post of my blog from the EVE University forums to catch you up with what I've been doing.
It has been a while since I updated this. In my last post, I was talking about the tax rates on the POCOs nearby and how I wanted to find another wormhole to settle in. I haven't been able to find a suitable wormhole to settle down in. However, this past week I received mail in-game from an individual who had read my mini-blog here and had a proposal for me. He had settled in a C3 wormhole for the purposes of PI and other things, but couldn't extract all of the PI goods from the planets from himself. In exchange for first chance at buying the PI I'd be making, he offered a very low tax rate in addition to tips on how to optimize my organization to extract more. Needless to say, I accepted his offer.
The other day I bid farewell to Frontier and scanned my way out into high sec. 20 some odd jumps later and I scanned my way into the new wormhole. After being fronted some start up cash to upgrade my command centers (my PI alt is supposed to be self sufficient), I set up extraction on 5 different planets, making P1 items that my host has mentioned that he will buy off of me for use in his production chains. So far, the tips that I have been given has allowed me to fill up my launch pads about a quarter of the way each day.
As of now, the money that I was fronted has already been paid back and my PI is churning along very well. Now, I wonder if there is anything else that I can do from an industry perspective to make ISK in a wormhole? Hmmmm.