Weblo is an online space which mirrors a few financial aspects of the real world. You can buy virtual real estate (like cities) and collect taxes on developments on your land. You can set yourself up as the agent of the virtual version of a real-world celebrity and you can buy domain names inside Weblo's universe. Recently introduced is the ability to add real world web assets to your portfolio. Earning advertising and revenue and trading the assets, either virtually, or in reality.
You buy, of course, so you can sell later, hopefully at a nice multiple to what you paid. Why would somebody want to buy your properties to begin with? So he or she can sell it to the next person, of course. Weblo is a trading game, with a currency of real U.S. dollars. Fortunately prices for Weblo analogs of real-world items are not comparable.
Some people, apparently, have bought properties at Weblo's startup prices and flipped them for thousands of dollars. You can cash out of Weblo whenever you want, and transfer your earnings into your PayPal accont.
Because there is nearly a world full of untapped resources on Weblo right now, there's the potential for a real land-grab to start on the system. Un-purchased addresses are less than two bucks. Weblo figures the prices of states and cities by using an algorithm that incorporates real-world population.
If you own a Weblo property, like a building, a state, a site, or the rights to represent a celebrity, you can also develop it -- you can build a Weblo Web page to support it, drive traffic to it from your other Weblo pages or even the "real" Internet. Weblo runs advertising on every page and you'll get a cut of the ad revenues from your properties, as well as a percentage of all properties developed on your real estate (if you're the mayor of a city, you get a share of all the revenues generated in it). How big a cut you get depends on which of the five Weblo membership levels you're signed up for. Free accounts get 10% of revenues. Top-tier "VIP" accounts ($30 a month) get 50%; paid accounts also pay less for unpurchased Weblo resources.
CEO Rocky Mirza has plans to introduce new resource types. In July, Weblo has secured $3.2 million USD in venture capital financing from VantagePoint Venture Partners. Geoff Mott, Managing Director, VantagePoint Venture Partners will also join the Company's Board of Directors.
Click here to join Weblo for FREE, build your Virtual Empire and Make Money!
Weblo is a virtual world based on the real world. Members earn real money by owning online replicas of real cities, states, famous properties and Internet domain names. Members also claim FREE celebrity fan sites. Members create sites and get paid for their popularity via Internet advertising. Owners of cities and states earn additional money from transaction fees in their territories and by selling their virtual investments for a profit.
Join for Free and start building your virtual empire today!
Having checked it out what is it like?
Ease of use - 3 stars, takes some navigating
Enjoyment - 4 stars, if you don't enjoy trading and writing, it isn't for you
Ease of making money - 5 stars, every click gets a share and building blocks are in place
Worth a visit and trying out.
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