Asian Social Networking Sites Profit From Virtual Money
New age web has shown numerous ways to make money from websites selling virtual stuff for virtual money. Thanks to the new dynamics of the internet that money earned from such websites is real. Average earnings per user are in cents. The sum seems to be paltry to start with. But as the number grows up, profits mount as well. Millions of online users want to keep themselves busy doing everything they do in their daily life and that includes shopping, giving away gifts, playing cards etc. Virtual money comes as a perfect fit at such occasions. Many websites will offer virtual money in return for real money and also allow you to perform some guided task in order to gain more points and hence more virtual money. Advertisers are always there to pay for the expenses of web host as well as developer’s daily expenses. Social networking sites present a perfect place for users to feel their ‘normal’ life on screen and repeat their purchasing habits in accordance to their nature. People are paying for games, photo editing, chatting etc. Big brothers like Facebook and Myspace are already targeting more than few hundred million dollars on the same lines. Making money online does not require much intelligence but it does ask of patience and quality work. More than anything else you have to understand the psyche of the user. User’s likes and dislikes on a virtual social networking site might be totally different as compared to their daily lives. Keep in mind the fact that people on social networking sites are not what they are, but what they want to themselves to be. Making money form websites would be surely a better option with this model.
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