By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
9
Notification Show More
News
How much money does Ukraine need?
25 minutes ago
News
Donald Trump and Volodymyr Zelenskyy to discuss pause to US weapons deliveries in call
1 hour ago
News
House of Representatives approves ‘big beautiful bill’ in victory for Donald Trump
2 hours ago
News
Signs of a pick-up in venture capital exits are finally emerging
3 hours ago
News
Germany seeks deal with Taliban to deport Afghan migrants
4 hours ago
News
French air traffic control strikes cause flight delays across Europe
6 hours ago
News
Full EU-US trade deal ‘impossible’ before deadline, says Ursula von der Leyen
7 hours ago
News
Chris Hohn’s hedge fund TCI beats stock markets with 21% gain
8 hours ago
News
US economy surpasses expectations to add 147,000 jobs
9 hours ago
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Small Business > Six Lessons Learned From Launching A Product In The Metaverse
Small Business

Six Lessons Learned From Launching A Product In The Metaverse

News Room
Last updated: 2023/06/06 at 2:51 AM
By News Room
Share
8 Min Read
SHARE

Aslak is the CEO of Selfly Store, works with customers in 20+ countries generating more revenue with data and intelligent vending machines.

Contents
1. Have clear goals.2. Conduct a proper marketing campaign around the event.3. Work with a partner who knows the metaverse.4. Make an agenda.5. Plan the recording.6. Create a well-planned script.

My company, which provides intelligent vending machines, decided to launch a new product in the metaverse. Our previous product launch in the metaverse was done in Milan, Italy in 2022, but this time, we wanted to attract a wider audience while also positioning the company as one that is on top of the technical curve.

If you are considering doing the same and using the metaverse to launch a new product, there are a few things to keep in mind.

1. Have clear goals.

For my company, the main goal was to sell our product, which was a smart freezer. On top of that, we wanted to get new leads to our database and get a larger audience compared to our normal webinar attendees.

Having clear goals makes it easier to focus on the actions you need to take to be successful. For instance, if you have a goal for sign-ups, you can work more creatively and do everything possible to reach your target. Moreover, the actual purpose of your product launch is likely to gain more attention and attendees. Quantify the number of attendees you’d like, as this can help you and your team to evaluate your progress. When you reach your goal, celebrate and give credit to the team.

2. Conduct a proper marketing campaign around the event.

Our marketing team started working on concepts regarding the event two months before the launch. The first focus was to build awareness and interest in the metaverse. Much of our team was active on LinkedIn, so they would share posts and start conversations on the platform with pun-intended comments such as, “I like how cool this will be,” or, “This will freeze the metaverse.” One of the main emojis we used was the frozen face.

In order to create a successful marketing campaign, you need to take a creative approach and have an eye-catching message. Creating something memorable and unique while also innovating and using creativity for new ideas make a difference. Sometimes, it is hard to stand out, so test new ideas and measure the results as you go. This can help you create something that will stand out and provide the results you were looking for.

3. Work with a partner who knows the metaverse.

One of my team’s main goals was to provide an enhanced user engagement opportunity and allow people to “touch and feel” our products in the metaverse. However, we didn’t have the skill and competencies in-house, so we worked with a partner who could do this for us. We wanted to have 3D models that we could use on our website as well and reuse the content for a longer time.

When outsourcing crucial parts of production, it is critical to have a proper plan. I cannot over-emphasize the importance of conducting frequent checkups and testing to ensure the project is progressing as planned. It is your task to ensure the final outcome is what you expected. There are no reruns, thus, you need to nail it when you go live. It is good to have some time to spare before the actual live date.

4. Make an agenda.

Make a plan for what is going to happen during the event and in what order, and share the agenda with your audience. This helps ensure they are not wasting their time or expecting something that is not going to happen.

At my company’s launch event, for example, we started with an introduction and presentation of the product and the market. Then, we had a panel discussion, and, finally, we allowed attendees to see and test our products in a metaverse hotel lobby or office (similar to places they would be using our product in real life).

5. Plan the recording.

It is hard to do a live event in the metaverse without big investments in the setup or studio, so it is important to plan your recording and camera angles well. You are not able to change your camera angles (similar to a webinar recording) because you create avatars and the world based on the recording. It will be hard to cut the video and edit like you would be able to do with a normal recording.

A lesson I would have wanted to know would have been to focus more on the wide-angle cameras and to have two or three of them instead of one. I found changing camera angles helps the audience concentrate. But don’t zoom in too much, as it is harder to keep the high quality of avatars. These videos will be edited to fit the metaverse, thus a lot of graphics and other elements can be and should be added while editing the final version.

6. Create a well-planned script.

The second focus of the event was to create a fun-to-work-with feeling for our attendees, so we created a script that included similar jokes as our marketing campaigns. Our CMO went the extra mile and designed new product-themed shirts for us to wear. The shirts are now worn by the whole team on different occasions, which continues the story.

Having a proper script helps in many ways. First, it can help you have a clear message and plan the filming and flow of the event. The script also helps in rehearsals and ensures the presenters and guests look and sound professional. It is not an easy task to be in front of the camera and talk; you need to be a great presenter and remember your message.

How did our event go? Overall, we got the attention we wanted and managed to reach our original goals. Overall, I am happy that we took this road and tried out something new. It gave us an opportunity to stand out and learn. This was a great team effort and something we couldn’t have done without our product management and research and development teams.

So, if you ask me, consider trying out the metaverse. By leveraging these best practices, you can help set up your product launch for success.

Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?

Read the full article here

News Room June 6, 2023 June 6, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
How much money does Ukraine need?

How much money does Ukraine need? I ask the question because the…

Donald Trump and Volodymyr Zelenskyy to discuss pause to US weapons deliveries in call

Donald Trump and Volodymyr Zelenskyy will discuss the abrupt halt in some…

House of Representatives approves ‘big beautiful bill’ in victory for Donald Trump

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Signs of a pick-up in venture capital exits are finally emerging

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Germany seeks deal with Taliban to deport Afghan migrants

Stay informed with free updatesSimply sign up to the German politics myFT…

- Advertisement -
Ad imageAd image

You Might Also Like

Small Business

Brilliant Or Lucky? 4 Key Insights For Ventures & Angels

By News Room
Small Business

A Conversation With Agile Expert Harry Narang

By News Room
Small Business

College enrollment is down, Gen Z losing faith in a degree. Here is a better option.

By News Room
Small Business

The Digital Cyrano De Bergerac Of Modern Business

By News Room
Small Business

Why Do We Stay In A Job When We Are Not Happy? Insights To Help You Get The Career You Deserve

By News Room
Small Business

Making A Large Language Model Transparent, Compliant And Reliable

By News Room
Small Business

The Important Initiative For Real Digital Marketing Results

By News Room
Small Business

The Future Of Real Estate

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?