if you’re not familiar with the virtual world of second life , you need to keep reading. Those who already know of it they need to read to make more money.
Second life offers the potential to make TONNES of real world money. Only few will make to the top of the earnings ,those who are good but many of the second lifers would still make a decent money .We will know about the Second life mobile apps and wil know how some are making significant money in this virtual world.
Linden Lab, the 2003 creator of the multiplayer world, declined to give me current numbers, but in 2013 Second Life reported more than one million monthly users. Numbers from 2018 showed that number had dropped significantly, to around half a million active monthly users.
If you’re not familiar with the virtual world of SL, and even if you are, you need to keep reading. SL offers the potential (and I stress potential) to make a lot of real world money. Like blogging, the big bucks will go to a select few, though many more can still make a respectable amount of money in SL. I’ll briefly describe what SL is and then describe how some are making significant money in this virtual world.
What is Second Life ?
Second Life is an online virtual world game with elaborate chat room and part commerce. The starting account with Second Life is free. Upon downloading software, you will be given an avatar (3-D graphical figure that is a visual representation of you within SL) that you use to explore the Second life world and interact and chat with other members of Second life.
Few of us an adult might think that this must be an utter waste of time for an intelligent mind with lots of responsibility but trust me you will be surprised to know about the money in Second Life.
As on date , Second life has more than 11 million residents. over 800 million square meters of developed virtual land (areas to explore). Over $7 million (that’s actual U.S. dollars) are exchanged between residents each month .
Real-world companies like IBM and General Motors are developing a presence in Second Life, Second Life has already produced millionaire ,Anshe Chung.
Linden dollars–virtual currency in Second Life
With a Premium Membership Plan ($9.95/month), residents receive a stipend of L$300 per week. Second life residents buy and sell goods and services using a currency called Linden Dollars (L$). Linden Labs, the creator of Second Life, implemented L$ for the exchange of goods and services within the virtual world. Residents can obtain Linden Dollars in several ways:
Residents can buy L$ with real world money at the LindenX, Second Life’s currency exchange. Currently, $1 buys about L$250 Linden Dollars
Residents can work for money within Second Life for other residents (more about this below)
Residents can start their own business selling goods or services (more about this below, too)
So what would you do with all these Linden Dollars you earn?
You can buy apparels for your Avatar. You can rent or buy land from other Residents and build a home or a store. You can buy virtual cars and boats, furniture and jewelry. You can subscribe to magazines published by other residents. You can hire an architect to help you design your virtual (or “in-world” as Residents say) home. You can partake of in-world entertainment such as amusement parks (yes, some residents have built virtual amusement parks). And you can also sell Linden Dollars for real money, which brings us to the reason of this article.
How can Second Life residents earn real money?
Making real money in Second Life is simple. offer goods or services that Residents want to buy. Accumulate Linden Dollars and then exchange them for real money.
There is a huge spread in the price for buying versus selling Linden Dollars. Like sometime back, buying L$1000 costs about $4.05. Selling L$1000, however, nets just $3.51.
The buy/sell prices of L$ do fluctuate depending on supply and demand. Much like a central bank, Linden Labs has several mechanisms with which to control the price of the L$. You can read more about this function The Second Life Economy article posted on Second Life blog.
Second, making money on Second Life is a lot like making money with a blog. While a select few will make significant money, most will not. Linden Labs keeps publishing statistics on the amount of money
So how is money being made? This is where your imagination is just about your only limitation. considerable research gives us a small hint of how Residents make money in Second Life, and list of money-making ideas Residents pursue to make money. Here are few examples of such ideas.
Working for others in Second Life
: You (your avatar) can work for other Residents in-World. For example, some entrepreneurs will pay you to simply hang out at their business. Why? They want to show a lot of activity around their establishment to build interest and a community. Called camping, wages are miserable at just a few Linden Dollars per 20 minutes. I mention this aspect of making money because, if you start a business, you may need to hire people to generate interest in your new venture.
Real estate in Second Life
Real estate in Second Life generates substantial income. It requires the ability to design and build structures within the Second Life environment, or you can pay someone to do the design and construction work. You can develop property for resale or for rent. Here are links to some SL real estate developer websites to give you an idea of some are already doing:
Become a real estate agent: The Second Life world can be a bit overwhelming at first .Just like real life, you don’t know the up and coming neighborhoods from all the rest. To find out where the best properties are and whether the asking price is reasonable, some are hiring in-World realtors. Realtors can also help you sell your property. Here are few already providing this service:
Second Life Real Estate Rentals: This site provides listings of available rental properties.
Publish a newsletter in SL
There are several newsletters in print, but more are sure to follow. Some charge for the newsletter while others generate revenue through advertising. Few of such newsletters in second life are
Like Metaverse Messenger: it is free and comes as a pdf file.
SLNN: Second Life news site.
The Avastar: Another pdf formatted magazine geared described as a “professional tabloid newspaper.”
These newsletters may provide an effective avenue to advertise your new business venture, too.
Start a credit card company in Second Life
Second Life = has its first virtual credit card, called the Metacard. Offered by FirstMeta, it allows its card holders to charge in-world purchases. In three flavors, basic, gold and corporate, the Metacard works much like a real world credit card. Interest is charged at 0.13% per day (for the gold card), there is a credit limit, minimum payment requirements and over-limit fees. To qualify, you must have a real world credit card that can be charged in the event you don’t pay your Metacard bill.
Open a boutique n Sl:
There are many boutiques throughout Second Life that cater to every imaginable taste. One aspect of marketing that is important to understand is that many of these stores have a presence in both SL and on the web. Here are a few websites to give you an idea of the competition:
Giorgio Armani:. Armani opened its SL store just last month.
House of Nyla: A real world fashion designer seeks brand awareness through an in-world boutique.
Banking: Several virtual banks have opened in Second Life that accepts Linden Dollar deposits and make L$ loans. At the moment, these banks are not regulated like real world banks, and some banks have already collapsed (see below).
L&L Bank and Trust: L&L banking activity . Sometime back it was hacked which underscores an important point about doing business in a virtual world–treat it like a real world business. The virtual world can make you real money, but it can also create real headaches and real legal issues.
Run a stock exchange in Second Life
Second Life has World Stock Exchange. The WSE has listing rules, IPOs, analysts and a trading room. The dollars being traded on a daily basis are relatively small, but the potential for growth is significant. As an aside, I suspect that real world regulation of the exchange (and banking) will become a reality if Second Life continues to grow in popularity. Although it has the feel of a game, real money is at stake, which eventually will attract regulators. One fascinating issue, though, is which regulators. The virtual world of Second Life spans the real world globe.
Wedding planner: Avatars can get married in Second Life. Never mind if the people behind the avatars are married in real life to real spouses who have real problems with this. And where there’s a wedding, there’s a wedding planner.
Tattooist in Second Life
Many want tattoos for their avatars. While you can create a tattoo for yourself (here’s a how-to guide), you just may want to hire a professional.
The list of earning online money ideas in Second Life could go on forever, but the above list gives you a good understanding of the range of opportunities. making large amounts of money in Linden Dollars is like the real world, unlikely. But it is possible, as is making enough money each month to make it worth your effort.
Frequently Asked Questions about Second Life
Is there a mobile app for Second Life?
Mobile Grid Client is a Second Life app for Android powered cell phones and tablets like the Samsung Galaxy, Google Nexus and Sony Xperia series to name just a few. Simple, fast and efficient= Mobile Grid Client generates just a fraction of the traffic other Second Life viewers do.
What happened to lumiya app?
Lumiya, the popular SL viewer for Android devices — over 100,000 copies have been bought at $2.99 each — is no longer in Google Play. This about a year after word that Lumiya, created by SLer Alina Lyvette, was removed from the official Third Party Viewer Directory.
Is there a second life app for iPhone?
iPhone/iPad “Companion App” for Second Life Coming Soon from Linden Lab. It’ll enable SL chat, inventory management, and other select features for iOS, much like the (sadly discontinued) Pocket Metaverse for iOS once did.
Can you kill in Second Life?
If you push, damage, kill, or log out another player and they aren’t in the combat area, then they you can be reported for abuse. If you are reported for abuse, you could also be suspended or banned. However, that anyone in the combat sandboxes can be killed.
What can you do in Second Life?
In Second Life, residents can go to social gatherings, live concerts, press conferences and even college classes. They can do a lot of things you can do in real life — buy land, shop for clothes and gadgets or just visit with friends.
Is Second Life still a thing 2020?
Second Life is a virtual, online world where users create avatars which can travel to worlds and lands (called Sims), participate in role-playing games, create and sell products, and socialize with other Second Life residents.
Can I play second life online?
Second Life is a free to play online virtual world,like a traditional MMORPG but No dependency on conflict or objectives; In second life, the objective is simply to be! … Players can literally take on a “second” life; you create an avatar and set off to explore and discover yourself and the world!