How to make 5.000 US$ per month ?

Indeed.

With some modest effort, you can make about 170 USD/mo from an island at current rates. That's with 468 prims set aside for infrastructure and no more.

170 USD * 9 is 1530 USD/mo or 18360 a year.

Also realise, that if SL fades a bit, and your occupancy drops from 100%, you might be lucky to make 100 USD/mo, which is 10800 a year. Or less.


* * * * *

So how many islands for 5000 USD/mo? 5000/170 = 29.4. That's 30 islands.

30 * 1675 USD = 50250 USD to start.

30 * 295 USD/mo is 8850 USD/mo tier.

It's good to have say 90 days tier on hand: 8850 * 3 = 26550 USD.

So startup (50250) + 90 days tier (26550) is 76800 USD to start.

* * * * *

Let's say each island has 15 tenants on average. 15 * 30 is 450 people.

In my experience you'll spend about 1 hour on average 'explaining things' to a resident and another hour on average helping them settle in.

2 hrs * 450 people = 900 hours, or 22.5 40 hour weeks, slightly over 5 months.

But wait! There's such a thing as resident turnover or 'churn'. This number varies from area to area, I tend to be a bit confidential about it, but let's just say 5 months is about right... except you'll be doing about 60 hr weeks not 40.

* * * * *

So it's 6 months later - what happened?

Well, for one thing, you got most or all of your 50,000 USD down recovered. Because you charged $L 7 per meter for land. Remember, you kept 468 prims aside, and rented out 96.88% of your sims: 63492m.

$L 7 * 63492 * 30 sims = $L 13,333,320.

Lindex cashout: $L 13,333,320 / 266 * .965 = 48370.87 USD recovered in one shot over the course of a weekend, or even one busy Friday night! It won't even move the LindeX rate by $L 1. You effectively put down only 1879.12 USD for the sims, not 50250 USD, by the time it's over.

But what of the 26550 USD you keep aside for 90 days tier reserve? Well, at 5000 a month, that's easily covered with 6 months income at full occupancy. Since you had vacancy to start, expect it recovered after about a year.

* * * * *

So there you go, 5100 USD/mo or 61,200 USD/year. Now taxes. You are roughly in the 30% category, so your 'take home' will be about 61,200 * .70 or 42840 USD a year cold, hard cash after a year of effort, and about 77k USD invested. And largely or fully recovered in 12 months. Not bad!

I'll leave investment income/wage income definitions, incorporation, sole proprietorship or whatnot up to you.


Ah, and this assumes you can make a compelling area with 468 prims per region and whatever spare social time you have left after 60 hour weeks doing the 'land' thing. And that the land market or SL doesn't implode, &c &c.

And that island setup time is zero hours (takes me a few days each; 30 regions would take me 3 months) and that you will have area developers that do stuff for nothing (possible, but I pay 10's of 1000's of $L for each region to be developed myself - I'd estimate $L 1M or say 3000 to 4000 USD for that).

Fun speculation, mmm?

Only one thing crazier than following your dream... that's thinking you are secure making someone else rich from the confines of a cubicle your entire life!

Good luck, and dare to dream.

SO basically this says if you invest 80,000$ US dollars
work 60+ hours a week
Manage to stay in full occupancy.
AND nothing goes wrong with SL ...
After 6 months youll have recouped and be making 5,000 USD/month.
Ahh
so easy a caveman could do it.

The nature of business is that the market always, eventually, adjusts to eliminate easy money.

Any 80,000 dollar downpayment investment and 60+ hour work week with HUGE risk and MAYBE paying off dont count as easy.

LOL

Exactly. The market always shifts to eliminate easy money, and the market for SL land already did so long ago.

When they open source servers, I think people will be trying again by undercutting Liden Tier prices a lot.

But they will start undercutting each other and that "easy" money wont last either.

Many people prefer to buy/rent land only on the mainland, read why;

take the money and run
/327/47/184330/1.html

.

There are a lot of legit dealers still,don't make it like everyone is scamming.

....

If you lose your broadband for a month because someone foolishly left your cable in the path of a meteorite, what are you gonna do?

GACK!

Folks, I was utterly wrong. Look at the post title.

"How to make 5.000 US$ per month ?"

Five dollars. Per month.

Ah, just get one sim, rent out about just over half of it, then go play World of Warcraft.

You're all set!


by 2017 you will make 1200 dollars...

In parts of Europe they use "." for the thousands place and "," for the decimal place.

so 5.000,00(there) is 5,000.00 (US)

My friend started off 6 months ago with 3 sims; things were going great, he was at 100% occupancy, so he thought, 'heck, I'll buy more!' So now he's up at 11 islands, LL has released 3 new continents, the land market is in the toilet, and he's at about 50% occupancy. I hope he's breaking even...tho I sort of doubt it.

Not that it hasn't already been beat to death but:

Only 400 people made more than US$2000 last month.

That's about 1% of the daily population of SL.

US$2000/month is actually a rather pathetically low "RL salary".

As one of those people (barely), I will note that I worked an average of a 16 hr day all last month -- 7 DAYS A WEEK.

CONCLUSIONS:

--SecondLife is not currently a viable commercial platform. The economy is still developing, the actual value of things is still being determined, the platform is still trying to stabilize itself, and too many people continue to think of the environment as a 'game' with no inherent value.

--Those of us who are investing a great amount of time into the environment are doing so because we see FUTURE potential and because we honestly have a lot of fun doing it.

--ANY 'easy money' in SL is going to quickly become 'hard money'. ANYTIME an 'economic profit' exists, people quickly discover such and flood the market to a point at which work once again = return.