Looks like the real world economy is starting to grossly effect our virtual economy. It was expected, but for lack of better words - it still really sucks.
Seems every week (if not more often) the big topic in the CCGen Forums is "Who's Buying Credits?" With each passing day, it's becoming more difficult to sell one's credits to a registered reseller. Why? Because with no customers to buy the credits already in circulation, resellers can't afford to take on any more.
There are the lucky few who are partnered with the larger reselling companies that so far are guaranteed their credits will be purchased. But for the rest of the content creating community, they are stuck with large amounts of credits and nothing to do with them but sit and stare at the growing number.
It won't be long before the price of credits drops drastically. That isn't as good as it sounds. Right now, the average resell rate is $46 per 100k. That's not a lot of money. The lower the demand, the less value the credits hold - which means the less value developers hold.
What can we do as a community to help fix the economy? For starters, we can all get together and do our best to advertise for the credit resellers. Even if you aren't partnered with a particular company, it's a good idea to support your favorites - run some shout outs, tell your friends, etc. Every little bit helps! Additionally, it's a good idea to help support the entire community by advertising IMVU. More new faces means an opportunity for us all! More people to buy more credits!
Seems every week (if not more often) the big topic in the CCGen Forums is "Who's Buying Credits?" With each passing day, it's becoming more difficult to sell one's credits to a registered reseller. Why? Because with no customers to buy the credits already in circulation, resellers can't afford to take on any more.
There are the lucky few who are partnered with the larger reselling companies that so far are guaranteed their credits will be purchased. But for the rest of the content creating community, they are stuck with large amounts of credits and nothing to do with them but sit and stare at the growing number.
It won't be long before the price of credits drops drastically. That isn't as good as it sounds. Right now, the average resell rate is $46 per 100k. That's not a lot of money. The lower the demand, the less value the credits hold - which means the less value developers hold.
What can we do as a community to help fix the economy? For starters, we can all get together and do our best to advertise for the credit resellers. Even if you aren't partnered with a particular company, it's a good idea to support your favorites - run some shout outs, tell your friends, etc. Every little bit helps! Additionally, it's a good idea to help support the entire community by advertising IMVU. More new faces means an opportunity for us all! More people to buy more credits!
3
comments
