SL is growing exponentially right now. It may not seem like it, but we are barely the seeds to the beginning of virtual worlds. I can't remember what article it was, or the exact numbers, but I believe some article said that by 2011, 80% of the population will be in virtual world. If you believe that, and you feel that SL may be the main platform (as I do), then you have to think that with JT Financial having a strong position in the financial sector of SL, that we will benefit the most as we grow with SL. We operate one of the biggest banks in SL and have one of the best managed stock exchanges in SL. That alone should have some merit for growth and a potential buyout by a RL company.
But let's take a look into some of the other things we are doing. First, based on our interest rate of 44% annually, and our total deposits of 70M, we are paying about 2.5M a month in interest. If you look on our ATM, you will see that we have turned our ATMs in to ads - the first grid wide advertising network. And we are going to cater to Real Life corporations who can afford to have ads on there. In short, our goal is for those ads to bring in about 2M a month, and as our ATM network grow, along with our customer base, so will the revenue from the ATM ads. Let's assume we only pull in 1M a month, that leaves us with about 1.5M of interest we have to cover. We'll leave out profits from the stock exchange (www.slcapex.com) for now since profits will have to go to paying off the purchase debt, which I think should be paid off in about 6 months. If we can achieve that, we've basically bought a stock exchange for 1M from the upfront cash we paid out, is that not a sweet deal?
Now, let's look at my profile and the businesses we're trying to start up or have. These businesses will end up helping one another grow because there is some synergy in them.
-SLReports.net: already generating revenue from ads. Let's assume we can make 200K from this business a month.
-Wisemetaverse.com: this is our advertising engine that is located on all of our ATM. The system is a very sophisticated system that allows you to control textures and what item the textures give, as well as keep track of clicks. We are still trying to make this system commercially ready. Let's assume we can get 500 users to pay us 2000L a month to use this system, that's 1M in revenue
-www.slmarketlive.com: This is our retail site. It is currently up and only sells virtual items, but we're going to rebuild it so that we can sell Virtual and Real Life versions, or Sell Virtual Versions while advertising RL versions. Let's low-ball it and say we only make 100K a month (by the end of the year), even though a site selling Real Life items should make more.
-www.helpture.com: If you are a small e-commerce business and sell RL items, but need virtual versions of it built, you need a solution to find builders. Helpture will be a site allowing you to post images of your items so that others can bid to build it. The site is up, but not ready. This one can be a goldmine if you have hundreds of thousands of people needing virtual versions of their personal items built, or thousands of home-based eBay businesses needed virtual items built. Shall we peg potential profits at 1M a month?
There you have it, all of our current businesses that are in operations, or should be by the end of the year. If we add up the guestimates we just made on revenue, that's about 2.3M. We only had to cover an additional 1.5M.
Now think about this. This idea is still just a thought, but the wheels have been set in motion. We have reserved the domain www.slwallet.com. As SL gets bigger, and more retail sites get into it, they will want to accept L$ as a form of payment. By then, we'll have a VERY large customer base from JT Financials. Think BIG, as in SLWallet can be for SL what Paypal was for eBay. Instead of "We Accept Paypal", it'll be "We Accept Lindens". Someone has to provide the payment gateway, why not us? We're heading towards that direction.
So, do you see all of the dots starting to connect now? And after reading this long essay about our in-world business, you probably forgot that I've mentioned in the beginning we do RL investments that can pay back the interest alone. So if EVERYTHING I've just written about completely flops, we'll still be OK. That's putting your money to work right there.
Finally, we're also going to be donating 5000L to Johnlight strictly for trading on www.slcapex.com, as a separate portfolio to help his cause and see how he does. We have set some term limitations with him, but he'll probably provide you more details in his own blog.