Can You Make Real Money in Second Life?
With Second Life becoming a booming virtual environment, with over 2 million users worldwide (if we credit the games statistics), it was inevitable that real life profit would be produced sooner or later, using the game itself. But since you might not be familiar with Second Lifes economy system, let me give you a short overview on it
Second Life Economy
The economy of second life is based around the Linden Dollar (L$) which has a rate of around 270 L$ to one US Dollars. This means that if you have 270 Linden Dollars in game, you can cash in $1 IRL (in real life). Of course, this looks like peanuts, but considering the fact that the game allows you to make millions of Linden Dollars if youre a dedicated and skilled Resident, you can easily see how making real money in Second Life became a reality.
Second Life Making Money by Crafting and Selling Items
Second Life features a powerful and flexible item building tool which basically allows you to create everything you could possibly imagine (with some logical restrictions) and then use it as an item in game. Obviously this takes a bit of skill and some failed attempts before youll be able to make some nice items that you can sell. In addition, if youre familiar with programming and scripting, you can enhance these items by giving them behaviors. For example, you can create a ball using the item editor, then slap a script to it that makes it bounce or swirl around just for fun.
Now, lets face it, most of us are not particularly skilled at design and/or scripting, as the majority of Second Life players simply play for their entertainment. But if you manage to skill up a bit and try out a few designs of your own, who knows, your items might sell like lemonade on a hot August afternoon, earning you a nice profit. You can also ask someone skilled in design and scripting to create an item for you, either freely or for a fee after which you can sell that item for your own profit. Last but not least, a common practice that translates into good real money is buying cheap (or getting free) items and reselling them for profit.
Second Life Making Money by Buying and Selling Real Estate
The virtual real estate market in Second Life is, to its credit, pretty close to what you can find in the real world. Although everyone starts out with a patch of land, a clever real estate management campaign can soon earn you several acres in the Grid and allow you to build property, or simply resell an area that increased its value for a profit. Reportedly, several virtual real estate moguls in Second Life earn millions of Linden Dollars in game (translating them to thousand of US Dollars in real life) after succeeding in building a real estate empire. If youre clever and inspired enough to buy and sell property in Second Life at the right time, theres a good chance you can net in a good income from the game and it can even be good practice before starting out an actual real estate career.
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