Thread: SUCCESS: Entreprenuer earns millions in virtual real estate

Anshe Chung is the tip of the proverbial iceberg.

She is one of the "top 5" land owners in Second Life.

A bit further down the food chain are people like myself and my wife.

We earn a modest living in this business, which we have been doing since 2007.

kirrubi, it is definitely not too late to get in on this.

I've got the "rough" draft done of my how-to product which explains exactly how to earn real money from fake land.

The ROI is great but it is a capital-intensive business if you want to get up to the Anshe Chung level.

The business will never be FASTLANE unless you host your own virtual worlds, which some people do!

Anyways, thanks for the post.

Any specific questions anyone has about the business please ask, I could talk about it forever. (rough draft is over 200 pages!)

hey thanks, and thanks for the post.

the 2nd article is this one: Man Sells Virtual Real Estate in Online Game for $635,000! WTF? | Singularity Hub

That was from a different "virtual world" called Entropia. At a glance it looks very similar to the Second Life business model. One key difference is the currency exchange in Entropia is set to a fixed rate, where in Second Life it is a floating rate.

This quote from the article stood out for me: "Jacobs originally paid $100,000 for the property that would become Club Neverdie, and he did so by mortgaging his real world home. Within a few years Jacobs had paid off that debt and was making enough from Entropia to live comfortably."

That is a very high-risk move he took and its nice to see that it paid off for him!

Hi JoeV -

Thanks for your response. As someone who does this for a living, I appreciate hearing what the perception is from people who are not involved in the business. You do raise some good points.

People dont need virtual land, but they do spend money on entertainment and escapism. The worse the economy gets, the more people seek escapism. That's what the virtual land provides.

There is definitely a huge risk when the "infinite virtual space" can be created, but it really depends on what you are doing and how you do it. I make money basically renting land out for a profit. The company that runs Second Life can flood the market with more land, but that won't really impact my business. I have customers that have been paying me every week or every month for years now. Literally two, three, four years. Week in week out like clock work.

The article you are referring sounds pretty negative, but somewhat plausible. I have always maintained that no one should spend any money in Second Life, or any other virtual world, for at least a year after they join. That gives you enough time to get a feel for the place, learn some of the ins and outs, and decide if you like it.

Its not much different from doing business in a foreign country. If you have never been there before, dont know any of the locals, or know anything about the local customs and laws, you are increasing your investment risks.