Welcome to aaron chua make money blog

Hi, welcome to my blog. In this part of my world, I talked about how to achieve financial freedom by learning how to make money online through creating sites and earning from them.

Below are some current and past make money projects that details my learning journey.

My current experiment in making 50 amazon site niches. If you have not been following this challenge, best place to start is this resource page for the amazon challenge, that lists all the articles that I have written so far.

My experiment in making 1000 a month through adsense in 9 months.

If you came here looking for low cost startup ideas, here are 140 startup ideas that you can browse through.

Friday, 7 March 2008

Startup idea #41: Ad market for virtual item

As virtual worlds proliferate like blogs, I see a need for an advertising market where brands can sponsor virtual items. The benefits to the advertisers is that through these virtual items, they can collect preferences of their users, which can then be translated to real world items.

For such a market to work, we need markets where publishers or developers of virtual worlds are willing to open up their virtual item inventory spaces. Currently, all such worlds are closed and it is difficult for any third party to supply services into them. The arrival of 'open source' world making, given tools like what Metaplace is providing, can help to alleviate this problem.

We also need data metrics on interaction or prosumption to tell advertisers about how their virtual goods are being used. What colour is most preferred? What designs are favoured by girls? How many blue colour tshirts are paired with camouflage Bermudas? All these data gives advertisers valuable information on consumer preferences and fully exploits the cheap interaction that is now possible on the net.