Determining Price in Second Life
On the Second Life Music Development List, there’s a discussion concerning price for music services in Second Life. The question brings to light a very important topic; how do you determine price in a virtual world? What would you charge a virtual person for your services rather than a real person? The economies of scale in Second Life versus that of the real world are quite different. While the Second Life economy is strong, the value of 1 Linden ($L) is not the same value of 1 United States dollar ($). Many entrepreneurs, business people, and hobbyist, benefit from this smaller scale, they are able to deal with larger sums of value virtually with little impact to their wallet. Determining prices is still an issue; it requires surveying, taking a look at the economic data, and the value of the provided service.
