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by ChristianPerry 6269 days ago
Silly as they may seem, gift cards are a $46.9 billion industry: http://blogs.creditcards.com/2008/04/fed-study-deflates-size...

Now you've just given me a business idea: a gift card that works across different virtual worlds.

1 comments

Well yes obviously they're a profitable industry, I don't deny that. I'd be the first to hunt down numbers to back up what you say, I was in the card industry myself for awhile. But I wasn't answering the question of 'are they a good business' I was answering the question 'would I pay for today's virtual gifts' which I understood to be your submitted topic. And I was being honest: in my experience virtual gifts have never appealed to me as a consumer. I likened them to gift cards because gift cards provide no added utility while reducing liquidity - they're a huge consumer sham. But as to whether these items are profitable, absolutely - they're spectacularly profitable!