In simple terms, Metaverse is an immersive digital world, a world full of opportunities for people looking to earn money. Be it starting a business or offering their services to residents of the metaverse, it is possible to earn money from the metaverse at its current stage of development. Several brands and individuals have already started incorporating Metaverse in their business models. Listed below are 12 ideas that can help you earn money through Metaverse.
Developers can make some extra money by creating their own games for the metaverse. Like it would on any other platform or device, the game you develop will gain followers eventually. As the players grow, so will the revenue earned through the game.
Since Metaverse is focused on community, where people come to spend their free time and for entertainment, these people are probably looking for things to do. Although there are numerous games in the metaverse, developers can always come up with unique gaming ideas that could attract the tech-savvy citizens of the metaverse.
For a more detailed and comprehensive take on building games for the metaverse, you can refer to this great guide on How to Create Metaverse Games to attract users.
2. Play Games in Metaverse:
If you are an avid gamer who revels in challenges, then one of the easiest ways to make money from the metaverse is by playing games that offer rewards not only in the form of in-game currency but real-world currency as well.
Metaverse gaming platforms such as Axie Infinity, Sandbox, Sorare, Illuvium, and AlienWorlds are widely known to offer their players valuable rewards for their dedication and invested time. Many of the games available are also free-to-play, which means all you need is a device’s metaverse optimised device, a decent internet connection, and time to play. Playing games on the metaverse on money gives new meaning to the term: Time is money. Additionally, players with expertise and experience will likely have an edge in this world.
3. Create and sell Fashion Online:
Metaverse, at its core, is a platform that allows users to express themselves with their attire and digital belongings. You can exploit the very principle that the metaverse is based on creating clothes and fashionable accessories for the avatars.
The constantly evolving fashion industry survives on its constant rehaul of trends and styles, ensuring its attentive audience is always enthralled with its offerings. It should be enough of a push for you to start exploring and learning to design and develop virtual clothes that would perfectly fit characters of all sizes and shapes.
There’s also the option to design custom clothes and accessories on demand. It will make sure that all outfits are tailored to the avatar. To make the offer enticing, you can also add future alternation to the outfits if the character dimension changes within reason. Refer to Dissrup’s Guide for Digital Fashion in Metaverse to understand how it works.
4. Create and Offer Virtual Tours:
Museums all over the world have already jumped on this trend. They completely embraced the idea of creating virtual tours so that people far away could also visit the place without having to cross oceans. In addition, virtual tours can also immortalise such places, preserving them in digital archives.
People in the tourism industry have the unique opportunity to create a 360degree interactive virtual tour of places far away. Consider making virtual tours of popular locations and then selling virtual tickets to these virtual tours. Provided that you capture the essence of the place, you are bound to make a killing with this idea.YOu can also create property or house tours for real estate, offering customers who are out of the country a chance to explore the space.
Fitsmallbusiness’ Guide on How to Create A Virtual Tour for real estate gives you an idea of what goes into the process of creating a virtual tour.
5. Organise virtual parties or events:
Ariana Grande and Billie Elish, two current spectacular musicians, have been a part of virtual concerts that reached millions of fans worldwide. The Metaverse not only bridges the distance between the fans and stars but also helps these stars reach their fans across the world
Ariana’s Fornite concert also included mini-games that added more value to the already immersive and interactive concert.
Billie Eilish’s concert on SpatialWeb has also attracted a large audience, pulling in users who have never heard her songs before.
All metaverse platforms are open to new events and concerts, and it pays to organise events, converts, and parties for high-profile clients. People with the skills and experience in organising such events can try their luck and pitch an idea to their clients.
6. Sell NFTs in Metaverse:
NFTs, by their nature, are one-of-a-kind products, attractive merchandise for investors and collectors of unique and antique items. If you have the talent to create such NFTs, you can put them to use. So far, the record shows that NFTs can sell for millions of dollars, which makes them an attractive prospect.
7. Sell Digital Property in Metaverse:
Owning a piece of digital property is just as important as owning a premium property in real life. Since Metaverse is still in its infancy, digital property owners have a headstart over countless others who still remain unaware of this new investment opportunity. Just like NFTs, these digital properties are unique. And with the way the real estate prices go up and the coming launch of Metaverse, the value is only going to increase. While not a hack to earn money quickly, with this method, you can earn big money gradually.
You can also purchase multiple properties and sell them for profit. The same principle as traditional real-estate works here.
Apart from selling the property yourself, you can always find a real estate broker in the metaverse.
8. Become a Metarverse property broker:
Brokers help people find a property, land, or house that meets their requirements. Brokers make money by not only charging people fees to find a property but also taking a percentage of the profit from the property owner whose property is on sale.
Tech-savvy real-estate brokers have the skills and knowledge to pitch a sale to both house owners and people intending to buy new property or land in the digital world. Additionally, you will also have the freedom to charge a reasonable commission for your work.
9. Start a business in Metaverse:
Metaverse offers a new way to start a business. If your business is set up in the metaverse, it saves you a lot of operating costs, including the rent for the office space.
The concept of starting a business in the Metaverse is similar to starting a business in the real world. However, you would have to consider how a real-world business idea would fare in the digital world. The digital world gives you a range of tools that can help you take your idea beyond its basic concept, an additional advantage for your business to benefit from.
You can refer to the following two resources to find business ideas for Metaverse.
- 8 metaverse business opportunities and the future of the virtual world
- 15 Best Metaverse Business Ideas
Once you go through these guides, you’ll understand the kind of services and products that do well in the metaverse.
10. Offer architecture services:
Since we have already covered property and real estate, it makes sense to include architecture and design services as well. Many digital property owners have no clue how to build or even design a home or institution on their property. People with the skills to build digital buildings can offer their services for a price, making money from this hack.
11. Offer marketing services:
Many people have grasped the value of metaverse and now have started using Metaverse for business, exploring ways in which it can help their brand grow. Many of these business owners have little to no knowledge about the workings of the metaverse and will require a helping hand, especially for marketing their products and services.
People with marketing experience can offer their skills to such businesses.
12. Become a metaverse tutor:
People at all stages of life are interested in learning new skills. A metaverse is a place that brings people together, regardless of age, gender, race, or ethnicity. It unites people. Many of the Metaverse participants are likely to be tech-savvy adults and teenagers, a pool of audience that is always eager to learn.
Experts with tutoring skills can join communities that are centred around learning and find students who are interested in learning the subject in more depth and willing to pay the fee you charge.
Metaverse uses more than one technology. It is an amalgam of all the latest virtual technologies put together to build a world where limits don’t exist. Even if you choose to join metaverse with the goal to earn money, you still end up contributing to the Metaverse as a whole. Helping build a digital world that’s years in the making.