An alternative way of earning money online: gold-farming

Written on August 25, 2008 – 8:41 am | by pinolobu |

Job description: Make virtual goods in online games to sell to players

Earnings: more than RM400 per month (average)

Size of industry: 500,000 persons, 80% in China. Already comparable in size to India’s outsourcing industry!

Global market size: estimated USD500 million, but true size could easily be twice as big!

Outlook: very bright, growing rapidly. Has become a significant economic sector in many developing nations so much so that gold-farming has been cited as an early exmple of the “virtual offshoring” likely to become more prevalent as people spend more time working and playing in cyberspace.

Mitigating factor: considered illegal by gaming companies

Source
The BBC, 22nd Aug 2008

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