Virtual reality (VR) is a rapidly growing market, with many big tech companies investing in the technology and creating content for their own VR headsets. Advertising and marketing build brands primarily by generating "mental availability," or the likelihood that people will remember your brand and product. Virtual reality has the potential to increase emotional impact of advertising and marketing and make interactions easy and intuitive. It can also be used to revolutionize customer training, sales, and even brand loyalty.
Virtual reality and virtual worlds open up a new box of ideas for marketers and brands, such as virtual reality billboards, 360 degree experiences, and live performances. These changes in advertising lead to customers adopting new behaviors, including brand loyalties, which is a behavior-change process. In 10 years, we may be replacing commercials for virtual high-fives and taking meetings to the 360 Web conference room.
To find brand success, companies need to know how to uniquely tap into virtual reality and virtual worlds. As with the rise of digital marketing, brands need to keep the pace and hop onto the next big move. With the limitless potential of virtual reality, it’s time for marketers to start taking advantage of the technology and use it for their own benefit.
How to Effectively Build Your Brand Within Emerging Virtual Worlds
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