L$ income in May 2006

Let's see if SL's businesses are doing well.

Let me remind you, we are talking about profits. That's revenue minus expenditures (like tier, lease payments, advertisment etc.).

I think we should have this poll every month to see the development of the economy.

I took teir etc out though I don't pay them in lindens. Technically I should be up higher..

Sure, if you dont pay them with your Lindens, you should take them out.

We've done ok at LW though a combination of flattening trends in new user growth, and the >10% decline in L$ in the last month has definately hurt, our 'expenses' totaled about $150k linden alone now (two sim tier)

Then I'm over 10k oops

Hopefully there will be A LOT more prmotion of SecondLife at AnthroCon this summer, especially since there are now actual business owners dependent on furs (I don't mean game promotions by SecondLife, I mean business/content/location promotion by players). I tried to do that a bit last time I was there, and the year before, partially by spreading the word of it, partially by trying to convince people that I will take their payments for my real world items in L$ (yes, I charge both $US and $L for my real word products and services ) Hope with the $L seemingly stabilizing a bit, things will be better next month regrdless for you guys. I saw someone undercut everyone with about $1,400,000L earlier, which would've created a permanent $L wall just a week ago (prices wouldn've never declined beyond that), but this time it was all gone within two hours. Good trends, plus means manipulating the market through undercutting (if that was happening) has gotten MUCH more costly

I'd love to see more businesses directed at furries. Everyone deserves a wider variation on whats for sale.

I basically manage Pi Islands (just Pi right now) for free. It's my way of saying "thanks for charging so much for Islands". But I have fun and break about even, so that's all I really care about.

MM

"Break even?" Oh you evil greedy profit-making land baron you

"Break even?" Oh you evil greedy profit-making land baron you


(Pay no attenton to that Riffy Divine character. I forgot to log out of that and log into Rasah. He's the friend I mentioned I'm helping trade)

Well we'll be hostin an AC panel on secondlife, (i'm bringin a projector and everything woo) wanna show people theres more to it than mebbe they've heard through the less official channels.

kinda sucks the hotel and convention center were gonna basically charge 17 arms 3 legs and a spleen to the AC organizers for wifi though... Going to be hard to demo live content. We got a bunch archived to divx though that we're editing into reels.

You'll be in Pittsburg. Ask someone to bring a powerfull directional antenna, point it out the window, and you should be set But DivX will definitely make things easier (make sure to speed up the playback so they don't notice the lag )

I have translated my balance sheet and the income statement into english. I also simplified the Non-Current Assets position, because the only fixed asset in SL is land.

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Balance sheet May 2006 - Mad Designs (Virtual) Corporation
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ASSETS

A. Non-Current Assets (Land)
...I. Land_______________________L$ 14,080.00

...SUM A. Non-Current Assets______________L$ 14,080.00

B. Current Assets
...I. Accounts Receivable_____________L$ 250.00
......1. Loans____________________L$ 250.00

...II. Cash and cash equivalents_______L$ 50,388.86
......1. SL Account________________L$ 3,279.00
......2. Ginko Account_____________L$ 47,109.86

...SUM B. Current Assets_________________L$ 50,638.86

SUM ASSETS L$ 64,718.86

EQUITY AND LIABILITIES

A. Owner's Equity
...I. Withdrawals/Deposits____________L$ 24,077.30
......1. Private Withdrawals_________L$ -21,053.00
......2. Private Deposits____________L$ 45,130.30

...II. Monthly net profit_______________L$ 40,641.56

SUM A. Owner's Equity___________________L$ 64,718.86

SUM EQUITY AND LIABILITIES L$ 64,718.86

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Income statement May 2006 - Mad Designs (Virtual) Corporation
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REVENUES
Revenues Headwarez (glasses)__________L$ 11,815.00
Revenues Six Stringz (guitars)___________L$ 37,819.00
Interest Revenue______________________L$ 1,611.44
Other Revenues (Stipend, Rent etc.)______L$ 4,099.12
--------------------------------------------------------------------
Total revenues________________________L$ 55,344.56

EXPENSES
Rent________________________________L$ -735.00
Tier_________________________________L$ -11,058.00
Advertisement________________________L$ -558.00
Gifts________________________________L$ -138.00
Equippment purchases__________________L$ -2,000.00
Upload fees___________________________L$ -60.00
Other expenses_______________________L$ -154.00
--------------------------------------------------------------------
Total expenses________________________L$ 14703.00

NET PROFIT L$ 40,641.56

I need to get in on the z selling business!
Good profits.

Your poll is skewed because you are asking the general
population to respond instead of ONLY business owners.

The first sentence should already implies that I only ask business owners and not regular residents who are playing slingo...

And currency traders as they are also making a profit in SL.

How do you filter out those who aren't business owners
and decide to vote?

Is business picking up for everyone the last week and why? I had as many sales the past week as I did the entire first four weeks of May.

I can't, you are right. I would like to have a website, where you can register your business and with which one can make business related statistics. An interface where every business owner can put in their information (example: this months profit) which automatically is transformed into an anonymous bar chart.
Or even an online single entry / double entry accounting system for business owners would be nice.

I don't see any explanation in this post regarding business owners only. The question was: "How much profit did you make in May 2006?". Being part of the majority category of unemployed consumers, I naturally replied zero.

No, my business was almost dead after I have raised the price of my guitar from 750 to 800. So I reverted the prices back the other day and business picked up again.

is the poll in USD or L$?

L$

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It is interesting to see that we have a large number of big-sized companies (100k+): 25.42 %
I think that a bunch of the votes are fake.