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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[The big business of selling virtual goods]]></title><link>http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/</link><guid isPermaLink="true">http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/</guid><comments>http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://massively.joystiq.com/category/business-models/" rel="tag">Business models</a>, <a href="http://massively.joystiq.com/category/mmo-industry/" rel="tag">MMO industry</a>, <a href="http://massively.joystiq.com/category/virtual-worlds/" rel="tag">Virtual worlds</a></p><a href="http://www.craftster.org/forum/index.php?topic=199460.0"><img vspace="4" hspace="4" border="1" align="right" src="http://www.blogcdn.com/massively.joystiq.com/media/2009/05/monopolydressbackat225.jpg" alt="" /></a>It doesn't seem like it was that long ago that the entire concept of people spending real money on virtual items and currency was just bizarre. The first mentions of such a thing this writer ever came across were back in 2003, when <a href="http://www.juliandibbell.com/">Julian Dibbell</a> told the story of <a href="http://www.juliandibbell.com/texts/blacksnow.html">Black Snow Interactive</a>, rumored to have been operating virtual sweatshops operating in Mexico. Fast forward to 2009 and the notion of shelling out real world cash for the ephemeral has become commonplace. Moreover, these formerly arcane business models centering around virtual trading have <a href="http://massively.joystiq.com/2008/12/03/fortune-and-failure-in-real-money-trading/">ballooned into a huge business</a>, much to the chagrin of many game companies and their players. <br /><br />However, not all companies attempt to fight this ever-increasing gravity of real money trading (RMT) that now permeates the MMO and virtual worlds industry, and some seek to make it an aspect of their business that they control rather than something they need to curb. Indeed, the profits of many (legitimate) businesses are largely derived from sales of virtual goods, as Rory Maher explains at <a href="http://www.paidcontent.org">paidContent.org</a> in his article titled "<a href="http://www.paidcontent.org/entry/419-virtual-goods-clearly-a-big-business-by-now-but-what-are-the-big-seller">From Pet Penguins to Flame Throwers: The Biggest Sellers In The Virtual World</a>".<br /><br />Maher looks at three companies doing well for themselves in the virtual goods game, and what they're selling that's proven so popular. He points out <a href="http://www.tencent.com/en-us/index.shtml">Tencent</a>, a Chinese IM provider that incorporates microtransactions into the service, allowing users to spend their "<a href="http://en.wikipedia.org/wiki/Tencent_QQ">QQ</a>" currency to enhance and customize their IM interactions, even buying virtual pets that exist on their desktop and run around inside their instant messages.<p><a href="http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/" rel="bookmark">Continue reading <em>The big business of selling virtual goods</em></a></p><p style="padding:5px;background:#ffffcc;border:1px solid #ffff99;clear:both;"><a href="http://massively.joystiq.com"><img src="http://massively.joystiq.com/media/feedlogo.gif" alt="Massively" style="float:left;padding:0 5px 5px 0;" /></a><a href="http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/">The big business of selling virtual goods</a> originally appeared on <a href="http://massively.joystiq.com">Massively</a> on Fri, 08 May 2009 20:00:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.<br style="clear:both;"></p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href=http://www.paidcontent.org/entry/419-virtual-goods-clearly-a-big-business-by-now-but-what-are-the-big-seller>Read</a>&nbsp;|&nbsp;<a href="http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://massively.joystiq.com/forward/1540778/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://massively.joystiq.com/2009/05/08/the-big-business-of-selling-virtual-goods/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>black-snow-interactive</category><category>julian-dibbell</category><category>microtransactions</category><category>mobsters</category><category>pets</category><category>play-money</category><category>playdom</category><category>qq</category><category>rmt</category><category>rory-maher</category><category>tencent</category><category>virtual-currency</category><category>virtual-goods</category><category>virtual-items</category><category>yoville</category><category>zynga</category><dc:creator><![CDATA[James Egan]]></dc:creator><pubDate>Fri, 08 May 2009 20:00:00 EST</pubDate></item></channel></rss>
