Metaverse is a hot topic of discussion. People use this platform to host events, open up virtual stores, and more. Do you know that you can earn from the Metaverse as well be it Second life or Cryptovoxels? No? Here is the post on How to make money in Second Life, the world’s first Metaverse platform.
Second Life was launched in 2003. It is the first-ever Metaverse to be launched. It is a three-dimensional virtual world developed by Linden Labs. During those times, the concept of graphics and virtual reality was very rare. Second Life is a well-known platform that allows users to make avatars and enjoy Second Life in its online virtual world. You can interact with other users here in this virtual world.
Second Life made a comeback recently in the Metaverse world by upgrading all its functions. SL believes Metaverse can be enjoyed without virtual reality devices. They are working on Screen Metaverse. Let’s find out more about Second Life and how to make money in Second Life.
What Is Second Life?
This is the virtual world at the time of Windows XP. The 3D world that was played on computers those days. Second life seems a little complex to use today. It is perhaps because of the environment that was created a decade ago. The users of Second Life are called Residents. They can create virtual representations of themselves, like avatars. They can interact with each other explore places and objects.
Like a fancy chat room, the residents of the Second Space are communicating with each other in their avatar form. They can also create buildings, objects, and animations. Like any other Metaverse, you can enjoy social gatherings, press conferences, live concerts, and college classes. You can go shopping and do things that can’t be done in real life.
How To Make Money In Second Life?
Second Life uses its in-game currency called Linden Dollars. If you purchase a premium membership plan for $9.95/ month, you will receive L$300 per week. Apart from this, you can purchase Linden Dollars in several ways.
- Residents can purchase L$ with real money at the LIndenX. For $1, you get about L$ 250.
- Residents can earn L$ in the game itself.
- Residents can start their own business to earn L$.
This part will discuss on how to earn in Second Life:
1. Work For Others
You can easily work for others in Second Space. Entrepreneurs want to show some activity around their establishments. They pay you a few L$ for 20 minutes. This is a good job to earn some L$ as a fresher to this world.
2. Develop Real Estates
Real Estate in Second Life has a greater potential to generate income. For this, you need to buy the land first. Then you have to construct or build on this land. After the development is complete, you can sell it for a higher price or put your space on rent to earn continuously.
3. Become A Real Estate Agent
How to make money in Second Life?
Simple go for Real estate. You can earn a good commission by becoming a real estate agent in Second Life. Livingston properties charge the seller 5% of the transaction price as commission.
4. Publish A Newsletter
This is like starting a new business in Second Life to make money. There are few newsletters in the Second Life. Making money through newsletters is pretty simple. You either charge for ads or through newsletters. There are three ways of doing this business.
- Messenger: This newsletter is in pdf format and is free.
- SLNN: This is an online SL news website inside Second Life.
- Avatar: This is a type of magazine in Second Life.
5. Start A Credit Card Company
Second Life already has a credit card service called MetaCard. You have to link your real-world credit card to this service to use this service. You can start making money from this service as well. You can earn from the interest rate just like in the real world. Meta card charges 0.13 % of interest per day.
6. Open A Boutique
This is another business idea for making money in Second Life. There are a lot of stores already if you have a good sense of designing and new fashion you can surely earn from this way of business.
Giorgio Armani has a store in Second Life along with the house of Nyla.
7. Banking Services
If you have a keen understanding of banking services, then you can open your own bank in Second Life. There are several banks in Second Space that are providing loans in L$ and deposit L$. L&L Bank and Trust is a successful bank in this world.
8. Stock Exchanges
Another way on how to make money in Second Life is Stock exchange.
Second life has its stock exchange, just the real world. You can buy stocks and shares in this marketplace and earn from that. Although the risk is similar to real-world stocks, it is continuously growing, reducing the risk factor to a greater extent.
9. Wedding Planner
This is a great way to earn money in Second Life. Avatars are getting married in Second Life. They must be married in real life or not. Residents are hiring wedding planners to get married in the virtual world.
Also Read, How To Change Name In Second Life?
Many avatars want tattoos on their avatars. If you can make tattoos in Second Life, you can easily make money here. You can also learn to make tattoos and start earning.
We have discussed ten easy ways on how to make money in Second Life. It all depends on your abilities and handling of tools that will help you to choose the best for you. The Second Life made a comeback by upgrading its graphics and adding new features. Now, this virtual space is too popular among people.
Leave a comment below on which one way of earning fits best for you.
Frequently Asked Questions
Q1. How Much Do People Make On Second Life?
About 200 Linden Labs staff are working on Second Life. They are earning on average $1000,000 a year.
Q2. How Do You Get Free Money On Second Life?
Here are some ways to get free L$ in Second Life.
- Get paid on a weekly stipend
- Activity devices
- Completing surveys
- Working on a job