Worst case scenario: your business isn’t making it.

Maybe you have broken pricing model? Perhaps you should have given more attention to your business plan? Or taken advantage of that legal advice your annoying brother-in-law attorney kept hounding you about?

Thanks to a new social networking phenomenon, all is far from lost for those facing real-world business challenges.

Second Life, calling itself a “3D Online Digital World Imagined, Created and Owned By Its Residents” has minted its first millionaire.

As per Fortune:

“Anshe Chung, a real-estate tycoon in the digitally simulated world known as Second Life, has apparently become the first virtual millionaire–i.e., someone whose holdings in a make-believe world are legally convertible into genuine U.S. currency worth more than $1 million.”

Now pay close mind to that “digitally simulated” part, because that’s where things get a bit confusing. And encouraging.

Turns out people are making real money in the simulated world of Second Life. Shopping, buying, selling, invoicing, acquiring, merging - check writing! All is taking place every hour with the millions of Second Life members.

Smart businesses are taking their products and services online into the virtual world of Second Life, and giving the custom designed residents many reasons to practice all manner of consumer retail interaction.

So what’s stopping you? With the real-world promise of real-world money, you can give your ideas a new shot in the brave new virtual world of business opportunity.

Who knows? Maybe Kid Rock and Pamela Anderson can get a second shot in Second Life, too!

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