Virtonomics Episode 22

How to make money in Virtonomics 

                     

So guyz , there are several ways to make money in this game . In my opinion , the fastest and easiest way to make money is by using stores . Here are the top 5 ways to make money , accessible for everyone.

1.

Stores can be opened or closed in 1 game week . They have not an expensive building price and can be easily managed . They don't have a very large number of employees , that means less salary expenses. There are only costs for advertising and rent . Advertising can be set by you and rent expenses aren't very high ( depending on the store , the bigger , the more you will have to pay ) . Rent depends on every city . Example :

The difference between an african store in the city center and a european store in the city center . Store rents depend also on the location . For example a store in the suburb has a lower rent price per sqm than a store , in the same city , in a trendy neighborhood .

2.

Factories are another great way to make money . They are a risky investition , but a good one . Having a factory with mass production units , that will be sold with more than the cost of production price , means profit . Of course , taxes need to be paid too , so make sure you make good profit . A good profit means over 100% than the production costs . Factories can produce goods that will be sold with 50$ or goods that will be sold with 1 million $ . Goods with a lower selling price are usually built in mass , so not 50 pieces , maybe 5000 pieces . The bigger the factory , the more goods can be produced . If you want to build a factory , ALWAYS build it in a country with very low salary per citizen . Example :

This are the in-game salaries in Nigeria ( Mary ) . Nigeria would be a good place to start your business with factories . There are also other countries with similar salary .

There are 3 key factors for the factory , salary , education level and population . The salary is important for the production . The costs will be lower , if the salary is low too . The education level is also low in Nigeria , that means that the salaries are low too . If the education is high , the salaries are high too and the wealth level of every family would also be increased . Product sales depend on the population . The higher the population , the more people will buy your products . Big population means big market size . 

3.

Farms . As I told you in the last episodes , farms are extremly important in the food industry , textile and other . Farms are same important as plantations or fishing bases . The biggest amount of bought product type is bread ( mary - foodstuff ) . Farms need a big investment at the beginning , but after that , profit will come . They need to be carefully managed .

4.

Restaurants vs. service sector vs medical center vs autorepair shop . Definitely restaurant are more profitable . But , just like the farms , they need a huge amount of money spent on the equipment . Equipment is very expensive , so you can't buy thousands of pieces . The service sector has invaded almost every city in this game . It is hard to find a free spot to open a hairdressing salon , laundry or fitness center . Medical centers aren't that profitable as I thought . The will need high quality products to be sold . The salaries are very high . But if you manage to sell medical supplies with an extremly good price , the profit you will have will be amazing . Autorepair shops are like the service sector . They are everywhere . As I said , if you manage to find a good spot , you will dominate the competition .

A nice restaurant , visited by thousand of people daily ( every update ) will bring you some good profit . The secret is not to build the same restaurant in a city , which also has that type of restaurant . Be different , be special . People want to try other things too . Being the only restaurant in the city , that sells a specific menu for the people will be your advantage in the battle of restaurant supremacy .

5.

Warehouse . The warehouses are an interesting way to sell products . The buy cheap and sell expensive method is a good move , because you have a huge amount of space . You also need to be careful , what object can be sold in a warehouse , Warehouses are also used to deposit different stuff , depending on category , transport units from warehouse to that place or from that place to the warehouse .