Second Life Forums Archive - Business opportunities

Yumi Murakami

DoIt!AttachTheEarOfACat!

Join date: 27 Sep 2005

Posts: 6,860

07-30-2007 15:39

From: Domaiv Decosta

I'm sure anyone of the sl residents has the ability to make some money but only a small amount can make a living out of it I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining, and that we will not hear about rags to riches storys of residents that missied the boat when sl was launched.

The majority of people making a living from SL are either:
a) people who have been here from quite early on,
b) art professionals or people who could have been art professionals, (programming professionals don't have _quite_ the same capacity, because competition works differently for them),
c) people who established a new market,
d) people who invested heavily in land (which has "built-in" profit as long as you are good at "playing the market"

, or
e) people who don't earn their living by cashing out from SL, but who are instead hired by a company for helping that company establish themselves in SL.

There are still occasional rags to riches stories still in SL, but they are relatively rare, just as they are in RL.

Mickey James

Registered User

Join date: 4 Nov 2006

Posts: 334

07-30-2007 16:45

From: Domaiv Decosta

Thanks for all your comments.

The point of the post was not really to ask for ways to make money. It was to find out if people come to sl to make money, as acording to a lot of press it is easy to do so. This being the reason for over 8 million accounts yet only a very small fraction of those are still using sl. And are LL marketing the game correctly?
I'm sure anyone of the sl residents has the ability to make some money but only a small amount can make a living out of it I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining, and that we will not hear about rags to riches storys of residents that missied the boat when sl was launched. As has been said in previous posts, there is a lot of competition. Lots of people selling the same thing and offering the same services, I think these people have been left long behind. The only way now to get your name and products or services Known to the masses would be to invest a lot money into sl to start with, and at the moment investing in an sl business seems to be a huge gamble (no pun intended).

I don't personally know anyone who is here primarily to make real-world money. My partner and I have a small business and we have some nice items, I think, but once you deduct the costs of paying for store space, it's a money loser for us so far. We do it because we like to make things and it's a nice ego boost to see that blue box pop up and tell you you just made a sale.

Eventually I'd like to be able to make enough through the SL business to pay the in-world expenses for tier, rent and shopping I don't know if I ever will get to that level, but that's as high as my hopes get. I do not expect to ever earn enough to cash out a month's real-world mortgage payment or anything.

SL is a place for social interaction. That's my main purpose, and it's worth the costs. Anything I can do on top of the social aspect is a bonus.

Jesseaitui Petion

king of polynesia :P

Join date: 2 Jan 2006

Posts: 2,175

07-30-2007 17:08

From: Domaiv Decosta

I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining,

I highly doubt that.

_____________________

a i t u i // Tattoo & Fashion House

http://slurl.com/secondlife/Aitui/127/128/41

Lenny Jester

Registered User

Join date: 10 Nov 2006

Posts: 24

07-30-2007 17:14

From: Dave Braess

you used to be able to gamble

The OP was asking how to MAKE money, not LOSE it.

Yumi Murakami

DoIt!AttachTheEarOfACat!

Join date: 27 Sep 2005

Posts: 6,860

07-30-2007 20:58

From: Jesseaitui Petion

I highly doubt that.

The thing to bear in mind is that very, very few people actually make a living from SL generally, and _relatively_ few make any money at all.

While it might not be true that most of the money making people now are people who joined early on, I think it _is_ true that a person who joins now (with all other things abstracted) has less chance of becoming a money maker and remaining as one for some period of time than someone who joined back then. Moreover, this will remain the case, until the point where you have no real better chance of becoming a money-maker in SL that you do of getting an artistic job IRL.

Business opportunities
Yumi Murakami DoIt!AttachTheEarOfACat! Join date: 27 Sep 2005 Posts: 6,860	07-30-2007 15:39 From: Domaiv Decosta I'm sure anyone of the sl residents has the ability to make some money but only a small amount can make a living out of it I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining, and that we will not hear about rags to riches storys of residents that missied the boat when sl was launched. The majority of people making a living from SL are either: a) people who have been here from quite early on, b) art professionals or people who could have been art professionals, (programming professionals don't have _quite_ the same capacity, because competition works differently for them), c) people who established a new market, d) people who invested heavily in land (which has "built-in" profit as long as you are good at "playing the market", or e) people who don't earn their living by cashing out from SL, but who are instead hired by a company for helping that company establish themselves in SL. There are still occasional rags to riches stories still in SL, but they are relatively rare, just as they are in RL.
Mickey James Registered User Join date: 4 Nov 2006 Posts: 334	07-30-2007 16:45 From: Domaiv Decosta Thanks for all your comments. The point of the post was not really to ask for ways to make money. It was to find out if people come to sl to make money, as acording to a lot of press it is easy to do so. This being the reason for over 8 million accounts yet only a very small fraction of those are still using sl. And are LL marketing the game correctly? I'm sure anyone of the sl residents has the ability to make some money but only a small amount can make a living out of it I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining, and that we will not hear about rags to riches storys of residents that missied the boat when sl was launched. As has been said in previous posts, there is a lot of competition. Lots of people selling the same thing and offering the same services, I think these people have been left long behind. The only way now to get your name and products or services Known to the masses would be to invest a lot money into sl to start with, and at the moment investing in an sl business seems to be a huge gamble (no pun intended). I don't personally know anyone who is here primarily to make real-world money. My partner and I have a small business and we have some nice items, I think, but once you deduct the costs of paying for store space, it's a money loser for us so far. We do it because we like to make things and it's a nice ego boost to see that blue box pop up and tell you you just made a sale. Eventually I'd like to be able to make enough through the SL business to pay the in-world expenses for tier, rent and shopping I don't know if I ever will get to that level, but that's as high as my hopes get. I do not expect to ever earn enough to cash out a month's real-world mortgage payment or anything. SL is a place for social interaction. That's my main purpose, and it's worth the costs. Anything I can do on top of the social aspect is a bonus.
Jesseaitui Petion king of polynesia :P Join date: 2 Jan 2006 Posts: 2,175	07-30-2007 17:08 From: Domaiv Decosta I believe that a huge majority of the people that do make a living out of sl are the ones who joined at the begining, I highly doubt that. _____________________ a i t u i // Tattoo & Fashion House http://slurl.com/secondlife/Aitui/127/128/41
Lenny Jester Registered User Join date: 10 Nov 2006 Posts: 24	07-30-2007 17:14 From: Dave Braess you used to be able to gamble The OP was asking how to MAKE money, not LOSE it.
Yumi Murakami DoIt!AttachTheEarOfACat! Join date: 27 Sep 2005 Posts: 6,860	07-30-2007 20:58 From: Jesseaitui Petion I highly doubt that. The thing to bear in mind is that very, very few people actually make a living from SL generally, and _relatively_ few make any money at all. While it might not be true that most of the money making people now are people who joined early on, I think it _is_ true that a person who joins now (with all other things abstracted) has less chance of becoming a money maker and remaining as one for some period of time than someone who joined back then. Moreover, this will remain the case, until the point where you have no real better chance of becoming a money-maker in SL that you do of getting an artistic job IRL.

Welcome to the Second Life Forums Archive

Business opportunities