Chinese woman in Germany earning six figure salary speculating on SL real estate?

Ahaha, check the article in the latest Red Herring:



http://zero.hastypastry.net/SL_Red_Herring/page02.jpg

Ya, but them's Linden Dollars. She is not rich yet.

Annnnd the point of this thread is......?

Ahahaah Buster you are so probably right.

That many people who read this article are going to conclude that these are US$, and this will drive more people to SL in pursuit of $.

And that LL is promoting SL as a way to make $.

And on and goes...

It would have to be $us ....making 6 figures in lindens isn't very hard.

Whew! For a second I thought it was another Anti-Girl-Who-Builds-China-Signs thread.

But *that* is an interesting topic, albiet one that's been debated before. Should people try to make a living on SL? One of the big features of this world is its economy...yet a lot of people complain about rampant capitalism. I don't think ignoring the financial gains that SL can possibly give is a good idea...nor do I think banning the trading of $L to real life money is a good idea either.

Is there a way to balance the enjoyment of Second Life with the negative aspects that an actual RL economy brings (i.e. Ugly malls/casinos, griefing for cheap land, etc)?

....Um...thats US$... You can make 6 figures from one large land transaction.

DNA

Forget all that stuff... WOW, Philip is HOT! *swoon*

~impster

Didn't know she lived in Germany. Huh.

It's an Anshe thread. It doesn't need a point.

Okay, was anybody besides me thinking of the resemblance between these two (see picture below)? Maybe I'm hallucinating, I dunno.

I read an article that put her income at six figures in Linden$. (Perphaps not the same one) I have no idea what it really is.

I've said elsewhere that people who entertain other users are in effect partnering with Linden, and that the real world economics will kick in as the audience grows. Entertaining users (i.e., keeping them interested) will be the way to make REAL money in SL over the long term.

Just wait and see.

Buster

She probably makes $L100,000 a week. She has over 10 million lindens in her bank. THe article was definitely talking about US dollars.

LF

Uh, 100,000 per week = $1600 USD per month.

That's far from a six figure salary (which is > $100,000 USD)

But yeah, I could definitely believe that .. $1600 USD / month.

Oh, btw, I am very pro-Anshe.

The point of this thread really was how surprising that figure was to me.

I believe that is possible. She does put real US$ into SL via auctions, and she must be paying significant tier fees. So you have to take that into account. Count up the US$ auctions she wins in an average month, guess how much her tier fees are -- deduct those from what you think she makes, and see if it makes sense. She must be a work horse, I wonder when she ever sleeps.

<gets out excel>

To make $100,000 US per year speculating in SL land, how much land would you have to trade? Assuming a 20% mark-up, you would have to turn over $US 507,020 of land to reap that profit and cover tier fees, assuming you would have to carry three sims worth of land to be at that level.

That's in the neighborhood of L$ 124,219,900 per year, or L$ 2,388,844 per month. At an average of, say $L 5 per m2, you would have to turn over 477,768 m2 of land, or a little over 7 complete sims, per month. Is that plausable?

You would also earn dwell and get stipends. The math has a bunch of assumptions that are just wild guesses. But anyway, it is possible to do some calculations and get an idea of what the possibilities are.

Buster

I'm envious of the money she makes, but not of the work she has to put in to make it.
I'll happily stick to my much smaller bank account, my GIMP, and not feeling like logging in to SL is work.

Good analysis, Buster, however I pegged it at 7 m/2

Given the leader board says the top account has 231744 m2 total land, even if that land was turned over every month (doubtful) that would be ~2000 / month at a 20% markup.

231744 is also about 3 full sims which is 600$ / month in tier payments.

It is possible that Alts are involved (are two alts allowed to bid against each in the auctions? Hmm... that would be bad news)

I guess I can't believe it's all just because of land speculation. I can see making 100K per year total on everything, I guess.

After all, there is also SIM trading as well. buying and selling full sims when people want to dump the ones they own.

So, let's see:

- selling items (2-3K)
- mall commisions (1-2K)
- dwell (1-2K)
- land(3-4K)

So we have a total of 7-11K per month being made. I suppose I can believe it. Still, there is a lot of risk if this baby goes under!

I'm just wonering why Phil 'outed' her like this..

Btw, you can also track the complete auctions to get an idea how much money is spent. I worked it to about $7K / month, at 20% that is about 1400$ profit.

Alt accounts would be definitely necessary if we were going to push that upwards to 9K / month.

Since I've contributed enough on the capitalism/anshe issue, I'll simply continue the sentiment that dayumn, Philip is a stud

I think its funny how people speculate how much money people are making. Or not making I should say. Whether yes it is possible for people to make real money off of $L. There is always a catch. There has to be a buyer for them.

Its a risk anyone takes in this business.

Its not all voyeurism. People are weighing what they want to do in SL -- make things? Be a land baron? Strip? So the debate is interesting and useful.

Anshe is a celeberty, courts publicity, and runs a RL web based business. Talking about her is not unkind. (Talking unkindly about her is, well, unkind.)

Buster

*laugh* Blaze, you can't seriously think that any non-SL reader of this mag is able to identify Anshe from this article. I also have a hard time believing you'd think most people on SL don't already have at least some knowledge of Anshe's business and fortunes. Maybe we don't know exactly how much she makes a year from SL (as if it was any of our business), but what Phillip said is hardly an 'out'....or even a newsflash.

P.S. Phillip is a hottie.

Yeah, well, you know I do have a very low IQ.