I agree with you.. nowadays, businesses are already becoming dependent online. well, they have their point since most consumers now also depends on the net and to be much more practical.

Passive Income

Businesses such as Nike used Second life to create new designs etc using their customers input, this could be seen by rivals and copied, massively reducing their market share or new design launch.

PC enclosures

Graham Gallagher
CEO

Good point, Graham--and one that goes beyond virtual worlds to any public discussion of future plans. Del Monte has been successful holding virtual focus groups for some communities where it's possible that competitors are lurking but no one knows which ideas Del Monte is using and which ones they are ignoring. Other companies like P&G are using crowdsourcing for solving knotty problems, but the solutions that they use are not disclosed.

With this kind of recession going on world over. I think it would be a demise of this fancy concept of virtual world

I don't agree, Selbourne. I think the concept is here to stay and private virtual worlds are real cost savers. Now whether the specific public virtual world companies such as those behind Second Life (and others) survive an economic downturn is a fair question. But I think the concept is one that isn't going away.

These days, there are many established virtual companies and i think running a virtual company is less expensive than physical office, but good efforts needed to make it constructive.

Hi SEO,
you are right, the virtual offices are more cost efficient than physical offices.Enrolling the services of a virtual office company on a ‘pay as you use’ basis is a lot cheaper and less risky than investing in new employers and equipment, especially if the project doesn’t work out.