During the summer
Fatal error: Class ‘expKrc’ not found in /home/ling1/domains/virtual-coach.com/public_html/php-bin/eBay_cls.php on line 138
I am incorporating World of Warcraft into Camp Ling 2008. Imagine my delight when I came across:
Everything I Know About Business I Learned from World of Warcraft
to wit:
… Well, not really… reading good books and personal experience has certainly taught me most of what I know about business, but it’s amazing what you can learn about the fine art of money-making from a game.
To me, one of the most fascinating aspects of massively-multiplayer online games like World of Warcraft, Eve Online, and Lord of the Rings Online is the in-game economy. These games have millions of players, and it’s amazing to watch the economy that emerges as they interact with each other.
…As in real-world economies, MMORPG players buy, sell, and trade goods and services in ways that emulate real world economics. Crafters create items like weapons and armor; enchanters offer services to improve items; adventurers put their wares up for sale in the auction house. If you observe carefully, you can learn a lot about real-life business from watching virtual economies in action.
Here are 11 real-life business concepts you can learn from playing an MMORPG like World of Warcraft ….MORE….
The lessons you’ll learn include:
- The Value Chain
- Product Pricing
- The Law of Supply and Demand
- Price vs. Value
- The Power of Wholesale
- Arbitrage
- Marketing & Sales
- Seasonality
- Frictional Costs
- Specialization Pays
- Achieving Goals
Enjoy!
Owlbert
Like this post? Please feel free to Digg It – I very much appreciate your time!
ps – speaking about World of Warcraft:
Fatal error: Class ‘expKrc’ not found in /home/ling1/domains/virtual-coach.com/public_html/php-bin/eBay_cls.php on line 138
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Like what you've read? Swing on by either my:
to see more!
PS - Speaking about making money, have you seen:
Fatal error: Class 'expKrc' not found in /home/ling1/domains/virtual-coach.com/public_html/php-bin/eBay_cls.php on line 138
