Making money how?
At the SXSW Conference, one of the sessions I attended was a panel discussion called Turning Projects Into Revenue Generating Businesses. There were representatives from various online web sites who had tried various ways of making money with their web sites. A good amount of the chatter was to be expected:
- If you think you’re going to get rich off of Google AdSense ads, good luck—you’re going to need a hell of a lot of traffic (and most likely a web site about asbestos lawsuits) for that to pan out. By the way, if you see any Google Ads on my web site, feel free to click on them.
- Selling and managing your own advertising space is another option. It sounds kind of cool—you’re in the driver’s seat of your own advertising outlet. It stops being cool and exposes itself as work when you realize you must serve as the (a) marketer, (b) sales person, (c) bill collector, (d) accountant, and (e) customer service extension of this cool new facet of your web site.
And of course there were the usual suspects (you can sell your own merchandise, you can sell others’ merchandise, etc.). And then… the not so to-be-expected topic…
Virtual Gifting
Virtual gifting is exactly what it sounds like: One web site member sends a virtual gift to another web site member. The gifts are virtual. The price to purchase them, however, is not. In the U.S. market the runaway sophomoric hit turned dating site Am I Hot or Not is widely credited for bringing virtual gifting to the table. Other popular web destinations including Facebook, Dogster (and Catster) are also offering virtual gifts.
Send a Virtual What?
- On the “Am I Hot or Not” site, the virtual gifts are flowers. The prices aren’t that different than the real variety.
- On Dogster and Catster, there are free virtual gifts that are awarded to members to hand out, but one can also purchase ‘Zealies‘ (Dogster and Catster’s currency) which can be used to send virtual rosettes to their favorite pets (Dogster and Catster are social networking sites for dogs and cats—er, I mean, dog and cats’ owners).
- Facebook, who implemented virtual gifting this year, allows users to send various virtual gifts to one another.
Is This a Viable Way to Make Money?
I would have thought not. How many people would send someone virtual flowers? According the the panel, quite a few. Ok, but how many people would buy and send virtual kitty chachki from their cat to another? There can’t be volume there-or could there be? In our virtual worlds, we have virtual places and virtual identities; maybe virtual ways of expressing ourselves isn’t that far fetched after all.
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