how to make profit?

hello all.. i was looking at some homestead prices just to be looking. not buying yet anyway. but what i figured up this particular place would cost me about 123$ a month and i look at the price of homestead in sl . com and it says 95$.. i understand its cheaper cause the owner has to also buy a region to get the homestead for 95$ but my question is.. that is maybe a 30$ profit a month . is this the kind of profits u can get if u are a actual owner? i mean is this in the ball park of what u may be loooking at? this person also claims to not be the cheapest. but the best . just trying to figure out the kind of profits u could possibly make

Tarina Sewell spurts her drink over the keyboard laughing

Profit???

There is the initial setup cost that the estate owner has to pay. Which is $375 for homestand, to at the $30 'profit' it will take about 1 year to just break even.
http://secondlife.com/land/privatepricing.php

"You know how to make a small fortune in Second Life?"

"No, Chauncey, tell me, how do you make a small fortune in Second Life?"

"Start with a big one!"

*rimshot*

So, if they are charging any less than $125 USD per month in rent for that Homestead today, then come July they will either be losing money every month, or will have to raise your rent. If they are charging $95 USD per month today to rent you a Homestead sim, they are just breaking even, and not making any progress toward paying for their $375 USD up-front investment.

i know that is my whole point . where is the profit? is this it? is this what to expect? if so i think one should just really love what they are doing and learn to build and create a hobby out of this. who are the ones making millions? i heard on the news that some dude that was a plummer in rl was making sex beds and poses and was making millions and was quiting his rl job? do u think he was lieing to the new just trying to learn as much as i can cause i wanna quit my rl job too also i guess im asking is 30$ profit considered good? or bad? and i understand that the owner has to pay 375 to buy the homestead.. but he is also charging me so much up front also .. im just curious if this is the kind of profits we are looking at here

no ceera this guy is selling me this for 8000 a week and in july it goes to 10500 a week so yes they are figuring in the rate increase

You'll probably find that he's making millions of L$. If he was making millions of US$, he wouldn't quitting his plumbing job - he'd have quit it some time ago.

I dunno about millions, but nobody comes here and starts out making a profit right off. It takes work, time, skill, marketing, and money. You will lose money to start with, period, and eventually be able to break even. Keep going and you will make a small profit, and if you do well enough you could support your RL via SL, but it would take as much work and time as any RL job, if not more.

Listen carefully...

There are no "get rich quick" schemes in Second Life that work any better than they do in Real life. They are either frauds, or crooked operations.

Many people who have a Homestead sim now for rent thought, just like you, that if they just went out and bought some sims the renters would come swarming, and the money would start flowing.

And they found it was a money pit. A constant loss. You can not, under current pricing, rent a Homestead sim to someone else at a rate that is comparable, in terms of price per prim, to either a Mainland rental or to a Private Island sim rental. So now they are stuck with these sims, and faced with either abandoning them and losing their set-up costs, or trying to at least make them cover the month to month expenses.

secret to business success in SL:

Find something people want to buy.
Make that.

Repeat.

For most businesses in SL, just "breaking even" is the definition of success. If the money you make ingame, is equal to the amount of money you spend.. then you're already doing better than most businesses in SL. Even just breaking even will take hours of work, real work, every day.

wow ceera that sounds kinda spooky that u put it that way . but i need to hear it . so if the owners wanna get out how do they sell it back to LL? do they auction it off? in mainland does that work differently if u buy it from LL? and is it harder to get rid of islands verses mainland property? it sounds like even if i have the money to do it.. if it doesnt work im stuck with the payment or give it up and call it a fun experience. hehe

Is Stroker a Plumber ?

I'm pretty sure my Plumber is already making millions in RL.

Good question

If you're really trying to make money in Second Life, land is probably not the way to do it. Whatever you do, you're not going to get it right the first time, or the second, or in most cases, even the twelfth. If you're aspiring to be a fashion designer, a programmer or an animator, twelve mistakes will cost you between nothing and a few hundred lindens for uploads, at most. Twelve mistakes in dealing land could easily cost you thousands in real life.

That doesn't mean that you can't make money by dealing land, but it's risky, and expensive, and you really need to know what you're doing.

yes brenda he is

ok Lily thanx for the advice . but how do u learn to know what u are doing in dealing with land? do u just start real small and work your way up or is there something else u have to know?

i mean how did these other land owners learn?

He was, dunno if he's still doing that lol

Time, experience, and trial and error.

In manner of speaking, I reckon he still is.

ok so it can be done . you all are just warning me that its gonna take work . lose of rl money . time. errors. and experience . then it may pay off will the big guys try to run me out? i mean is it something they dont want u to do for getting in there way eventually? Or would they be helpful in advice for a noob that is going for it?

As long as you don't steal ideas, or items, nobody will try to run you out, or anything like that. Do your thing, and do it honestly, and eventually you can make money. It's not easy, at all, and there are people who've been trying for years and still fail, but it is possible.

ty Keira when u say dont steel ideas. u mean like themes? and stroker said on the news he was quiting his plummer job for sl . he said the sex bed busness was booming .