About the economics of Second Life

The Register ran a story one week ago about the economics of Second Life. They are taking a very close look at the hard facts of the economics in Second Life beside the hype. Some measures are really interesting and were even new to me.

First, there is the churn rate. Only about 15% of the people who create an avatar in October 2006 logged in again after their first 30 days in SL. Very interesting measure, indeed. This drastically reduces the number of real residents, of course. Even more when you take all alts out.

There are about 4 million residents at the moment, when you do the math, this means that there are really about 600.000 residents who login regularly (alts included in this measure).

They are also pointing out that the maximum number of avatars in one sim is around 100 at the moment; also a very important restriction on doing business in SL. But then again, the business in SL has found ways around it.

70% of the revenue of Lindenlabs is generated at the moment by land sales and tier fees. No surprise in there. It’s a bubble at the moment, bound to burst sooner or later. Of course, LL would like it to burst later to generate more profit out of it.

Last number is that there are around 50.000 premium users at the moment; that’s not really much for such a big game/platform/whatever.

It’s a nice article with some new insides beside the mainstream and definitely worth a read.

The almighty lag hell

It seems, the more people are online, the more the almight lag continues to grow. SL is no fun noawadays when more than 30.000 people are online at the same time.

There is lag, lag, lag, teleporting issues, chat lag and other stuff, that turns down your experience. I just hope that the staff of Lindenlab is able to adress at least some of these issues on Wednesday at the scheduled downtime!

4 million residents reached

Today the resident count has reached a new peak – there are now over 4 million residents in Second Life. Again without much fanfare, like it was already when the 3 million mark was reached. This is no wonder, when you consider the problems that SL has in the moment and hopefully the next maintenance slot is somewhat going to fix.

Now let’s see how fast the 5 million milestone is going to be reached; I guess this milestone will be then again covered by a press release.

4 million residents

Germans and their Arbeitsamt

There are many Germans in the game. Many of them are looking for a job. So, what would have been a better idea then to found something like a job agency for them? Yes, there is one, called SLArbeitsamt, the homepage is here.

Well, what is an Arbeitsamt? It is the job agency, founded by the government over there. But, it is already called since some years „Agentur für Arbeit“ (Agency for Work), so no more Arbeitsamt anymore.

Whatever, taking a look at this homepage can be quite amusing. Most people looking for work are really young, so to speak; they should first hone their skills, then get to work. Of course, there are the typical jobs like model or escort – but hey, everybody can look good in SL without doing much, so there are masses of them. No wonder about that, but actually there are not soo much vacancies for them as you may think when you read the press about it.

There are also different kind of jobs, too, like a RW company looking for someone to hire in RL, their are looking for event hosts, DJs, hosts, designers, builders and other stuff.

My opinion? If you really want to get a job, it’s perhaps a nice way to get one at the entry level. But that’s all you can expect from them. Better jobs are surely not going to be posted there, they are given away like in RL, too, by reference and the reputation you’ve got in SL.

And it’s always better to look for yourself for a job then taking the service from such kind of agency at all.