How to Get Rich Quick

Well this is an interesting thread. Someone says that they're going to get into prefabs, and explains why. Then, no less than THREE prefab builders chime in with words of discouragment, and very general words, without citing any specifics. One other prefab builder chimes in to say how well they're doing for him though, and does cite specifics. I think it's important to note the context that this builder is well deversified beyond JUST prefabs.

It sounds to me as if this market is BOOMING, and those who may not have diversified as well REALLY don't want other players entering and snatching up any of their market share. Yep, I think it's time I get a line of prefab structures out as well. I'm thinking that I shouldn't limit my line to just homes, though.

Like the OP, I don't think that I will go it alone either. I'm going to attempt to bring together a small army of quality builders, and together we will try to really run this market over. I have the perfect place to set up a large business presense where all structures can be rezed for full-scale viewing too.

Anyone else interested in STORMING the prefabricated structures market? IM me in-world and let's get moving on the PREFAB BLITZKRIEG! After studying this thread carefully, I'm REALLY excited to be entering this new (to me) and aparently EXPLOSIVE market!

My remark was based on exactly this response.
You're not the first, you wont be the last. Jump on the bandwagon too, like the other 100s of prefab sellers have done. Just don't expect any easy pickings, as the general idea seems to be.

The prefab business hasn't been bad for me, and I never suggested it's a bad move. But as others have mentioned. It takes a lot of hard work to offer a quality product and service. In this respect, it doesn't differ from any other product in SL.

I wish you all good luck, in this 'huge and booming' market though.

1. building hours
2. scripting costs / scripting hours
3. creating advertising materials / vendor management
4. land costs to have you prefabs visible to the public (need large areas)
5. customer service. (prefabs are large structures, often several objects, a lot of people have trouble managing these, as compared to for example clothing)
6. redesign and refactoring, due to SL updates. (expect most of your structures to break several times due to SL updates)
7. prim drift
8. advertising costs
9. external site fees

This list is not just for prefabs, but for a lot of more complex prim based items.
Just to give a small idea of the efforts involved.
I'm glad there are several of those steps that i love to do, whether they would make me any L$ or not.

I don't believe in easy pickings. I'm all for hard work, and as of tonight, I am currently active in recruiting enterprising residents to do their fair share of it. I'm structuring a TOP NOTCH deal for high quality builders who want to be involved in the next BIG thing to hit the prefabricated structures market, as I believe there will be pleanty of wealth to go around.

I know that there are a lot of players in the market, but honestly, only about 1% of the prefabs I've looked at impress me. And let me tell you, I've looked at a LOT of prefabs as a result of my work with Cyberland. How hard can it be to totally dominate this market with a large, well organized conglomerate of quality content developers?

I'm in! I'll send you a prefab to SELL, and a notecard with the address to leave my PILES OF MONEY money at. I think our ODD CAPITALIZATION will do nicely as a SELLING POINT that other prefabs DO NOT have.

w00t!

There is no get rich quick way. Yes you can build and sell prefab homes. But the market is flooded. I have 2 casinos that do really well they actually do pretty well, but what I have found to do is to create an all in one area.

I just started a 33,000 project, that includes homes, condos, apartments. With a Casino and a mall. I don't have to use camping chairs to get my traffic up because people are renting the properties and shopping locally at the mall

The way something looks will also attract people my condos are fetching 400L/week how do I do it buy building something that people deam is worth the money. Don't cheap out. I have invested about $500US in this project and will make the money back in 3 months.

Content creators make the best money though. Build something unique and then capitalize on it, be creative. Look at what is missing in SL that RL has.

I'm rich in knowledge. And I'm passing it along for free.

Yes, the market is set for explosion. I look forward to becoming a virtual Pulte.

So, you're saying your a communist?

i think the prefab market is just OK

I have been a long standing prefab builder and have made considerable profit on them, but everyone else is right, its a lot of money and time and it does not yeild the same profits as many other industries

Some specifics:
Many of you know between my friends and I we own most of Deimos, I am the primary tier doner, i donate 125+25 tier on an alt a month to tier (1/2ish of the region). This is because I use around 6000 prims (about 5x than anyone else in the group) so I pay in proportion to that to the group land costs. This is because I have to display my prefabs (they sell WAY better displayed in full size where people can walk through them).

In deimos I also have a clothing store that takes up about 20x20 meters of land and no more than maybe 300 prims.

Here is where it gets kinda haha funny - My clothing and acessory store alone brings in enough money each month to pay the tier.

I'm honestly not sure my prefab bussiness could support itself, but it is what I really enjoy doing so it doesnt bother me at all. Also I am kind of a niche market as most of my stuff is mid-century modern and has no privacy which isnt always that popular, although recently I have sold out and done a few more conventional houses like an italian villa, tropical beach houses, and a rustic cabin.

Also consider the fact some of SL's most talented builders dont make and sell prefabs. I honestly dont see it as the big quick cash industry as you do and I know I am not alone in that. When considering all the work that goes just into one house and the side expenses of just land to build, display, and sell prefabs on the profit margins are severly limited. Especially if you are planning on subcontracting builders, if they are good enough to rock the prefab industry then they would probably prefer to go solo than with a middle man.

So my advice? Do prefabs if that is what you love, but if you are purely profit driven there are much more lucrative markets out there. Mens clothing for example is a goldmine, i only have about 10 shirts, one pair of pants, and a few suits I have made and people consider me a top mens designer (scary eh?) To be a top woemns designer you need your own two island mega store.

I personally would love to see more quality prefab makers enter the market, I'm sure SL would be a much more beautiful place if we had more quality reasonably priced prefab makers.

Where are they (renters)?!

I have lots of space - apartments and land available...all empty!

I offer more than just an apartment or land...I offer all kinds of value-adds for free (deed my island land to the renters group for free - I know some that charge for this 'service'; assist with setting up and provide free video and radio for my mainland rentals; provide a house for free, the list goes on).

Checked my rates....below market (running at 0% profit)...locations (fantastic..waterfront mainland and my own island)..etc, etc. Advertising...got that too. Still no takers. If you have any renters that you cannot accomidate right now...please send them my way

-2fast

By virtue of sheer luck, I kinda stumbled into something that worked.

I laid down kind of a quirky theme - the 19th century. Because I really like it, and also (this reason of mine may surprise many) - a lot of 19th century stuff is solidly in public domain.

So out of nowhere all sorts of Victorians, Period Goth, Steampunks, and an explosion of like-minded groups such as kindred and the Cultured Furs showed up. I had no idea that they were out there, to be honest.

Instant community. Which translated into all sorts of good things.

It is a lot "bigger than I am" - nothing I ever could have talked people into doing. Just happened by itself kinda.

So maybe a theme to your sims would help? I can't say for sure but it worked for me.

I meant land renters.

Skins seem to be the really high profit item in SL. At anywhere from 1000 to 5000 a pop, the numbers add up quick. Anyone with enough skill to make decent clothes can make decent skins, after all they are only special “clothes” that you wear is special slots just for them.

90% of the work is in the R&D stage. Once you have a good skin template created, doing variations on them would be easy. If you look at the skins offered by some of the big names you can see that it's the same base skin, but with a different face, different skin tones and maybe a tattoo or two put on.

Sell them cheap at first to get established in the market and to generate word of mouth, then raise your rates slowly as demand increases. Once you have built up to a large selection and have gotten enough word of mouth you hope to reach the cult status that the big names enjoy today. Then you don't really need to do much in the way of advertising, so you work load goes down once again.

So if you have any artistic skills at all you should at least give skins a try.

Thanks for your note. Interesting that you mention a theme...some others have mentioned that too. Food for thought

-2fast

Try it. Seriously.

Making a nice human skin is far harder than a nice set of clothes, but it's one of those "you need to try it before you appreciate this" sort of things.




I can't speak for the rest of the community but I wouldn't rent from someone called "2fast4u". Choosing that name causes me to make assumptions about you, and those assumptions mean you would be a very bad landlord.

You may want to double check that your advertising is good. You can have all the ads you want and they won't sell anything if they suck. Try a focus group maybe.

Also, I know this will be an odd suggestion, but have you considered raising prices as a way of changing perception and attracting renters? If you're renting below market just trying to break even, that doesn't appeal to me. It seems unstable and unprofessional, or worse, like maybe there's a REASON you have to sell yourself so short to attract tennants. I would be worried that your "too good to be true" prices, as well as maybe your land, would be gone next week.

You may want to keep your money making plans more diversified. A relatively small amount of residents actually own or rent land so that cuts down your market by 70% or possibly more. You don't have to own land to wear pim shoes and hair though. Or clothes. Avatar accessories are where it's at, which is why I make both.

Jamie, you're SL's top economic mind, I am shocked that you would start a thread without looking into the market more thoroughly. I'll allow it this time BUT NEXT TIME, IT'S PERSONAL GURL.

If I were to make myself an avie of that guy on the Monopoly cards (Mr. Moneybags is his name I think) and walk around SL lighting virtual cigars with 20 L bills, can I pretend to be a big business tycoon too? I mean if I repeat myself enough (Hooray for capitalism - I wonder what it is since I've displayed no actual understanding of it...) or say everything aggressively enough with lots of CAPS I really must be a balls to the wall businessman. Right? I mean it's all a big RP - who cares that I've demonstrated no actual knowledge of anything - quite the opposite really...

My point, exactly.

Do you know the OP, in-world? Have you ever had a conversation with her? Just curious.

Yes, that's how Jamie is. The top economic mind is the best rip off player around. It basically starts with investing free things (freebies, mindless suggestions about business with no foundation) and getting something in revard from others (money, free market investigations and experience) and all offered under a bargain label (cheap stuff for newbies, How to get rich quick).
Of course, little investment and better revenue is a successfull economic strategy. But what is the revenue for those who deal with this? That's how it works for Jamie.

There are other threads that introduce an ideas and opinions collection started by people who provide only little own thoughts but have a huge overall achievement but insist on getting input from others. It's a bit a suckers play.

Some looked e.g. at Torley and saw that Torley occassionally calls for suggestions on a specific topic. But these, if they will be done someday, can provide a benefit for us. So there can be a reward.

Regards,
Leff.

He He He, I conducted a SWAT analysis of the market and selected it due to the absence of many competitors in the market.

The clothing/shoe market is fully saturated and would be quite hard to penetrate.

If time is money to you, you'll be dissapointed with your margins. BUT YOU GO GURRRL!

This is your best alt by far by the way. 4 thumbs up!