Saturday, July 17, 2010

Entropia Universe and particularly Planet Calypso. I have been a resident for years. The sweat trade is a boondoggle. Sweating can bring it at most currently (7/17/10), $0.65 to $0.70 per hour. This is barely minimum wage in any country other than the poorest. The trick is to not sell to resellers. Leave the mining to others and the force nexus needed is bought at auction for $1.00 per 1000. With 1000 sweat gathered over 1 hour to 1 hour and half combine the two for $0.10 for 100,000 mind essence that can be sold for $1.60. Subtract out costs of force nexus, a $1.00 and cost of refining, $0.10. Then sweat acquired through the hard work of sweating for zero cost basis other than time. And get a $0.50 to $0.55 profit.

To further goose returns mine your own force nexus and spend around $10 to get back $7-$8 in force nexus and other raw materials. $7 worth of force nexus is 7000 force nexus with 7000 sweat can be combined for 100 mind essence per 1 force nexus or 700,000 mind essence. 7000 sweat over 6 hours is very doable. 700,000 mind essence can then be sold for tt value of $7 and markup value of 160% for $7 times 1.6 or $11.20. This is a profit of $1.20 or $0.20 per hour (6)of sweating and mining. By just buying force nexus pay 109% and collect all the money back for $11 spent (10,000 force nexus), 6 hours of sweat gathered, and 1,000,000 mind essence generated. Sell mind essence for $16 sale price. Subtract out costs of $10 force nexus, $0.10 refining costs for $11 rounded costs and $5 of profit. Then it's $0.83 per hour versus the $0.20 previously. A simple transaction obscured by numerous and repeated understatements of what's involved.

This $0.20 to $0.83 per hour is no where close to minimum wage in most countries. In fact the fears of chinese or other country gold farmers are overblown as the profits are so slight not even Grameen bank would lend to someone doing this work. But considering it is a game after all the return is attractive and doubtless will draw more players in to experience the success that is Entropia Universe.
I have been going over some web marketing strategies and tactics. To open up my content (writing and ideas) to wider audiences I ough to build an email list. From the first subscriber through the 40,000th subscriber goal I hope to enlighten, entertain, and help solve problems for them and me.
I read a telling paragraph in Internet Riches book by Scott Fox. The section has a home constructin/repair website example of a business person with 40,000 subscribers to his email list. That list and the website, support a 90-acre property, a family and one full-time email answering employee. The ad revenue being key to revenue. I got to the point of how much revenue and profit is needed to meet the goals of support?
Take a profit of a conservative $400,000 a year. Divide by 1 million website hits per month for 12 million hits in a year. Take 30% of revenue is website hits or $120,000 a year. That values each website visitor at $0.01 per visitor. Then the email list of 40,000 generates $280,000 a year for $7 per email subscriber. No products sold (other than ads) and no services (other than ads). Run entirely off ads with relevant content on the site and in the ads. What does this mean as a baseline for other topics and interests?
How many hits would it take to reach your goal. Say my goal is $1,000 a month. 30% of it or $300 comes from website visitors at $0.01 per visitor. I need 30,000 visitors a month for that portion. Then the email list portion can generate $700 a month. How m any subscriberes are needed? Round out conservatively that the revenue per email subscriber is $4. My topics are not as keyword expensive as home construction/remodeling is. In a base case I need 175 subscribers. The $4 into $700. Such a list seems imminently doable and begins with one sign-up at a time.
Creating a content and ad-only website seems a daunting task at first with few clues to profitability other than testimonials. It can be done. If I did not believe it will not happen. If I do believe it can happen. There are many successful publishers of content on the internet. By techcrunchies some 2,000,000 who make a living at blogs. I don't think there are anywhere close to that many topics to go on about yet people do.
When the stars align, gravity is in balance. A life in balance can achieve the high-wire act of ethical sales and truthful, fair, wealth generation.