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The Future of Advertising in the Metaverse

August 18, 2022

Imagine being able to immerse your customers in an experience that was uniquely yours. Now you can with the Metaverse. 

The Metaverse is the future of marketing. There’s a lot to explore, and it’s packed with opportunities. 

But is it just for the big brands? We don’t think so. If you want to learn more about how you can market your product or service in the Metaverse, keep reading. 

How can you advertise in the metaverse? 

This virtual world is still in its infancy, with brands beginning to take notice of its potential. For now, advertising costs remain low compared to costs in the real world. However, it’s safe to say that this will definitely change one day. Our advice? Get your business on board before the big boom comes. 

The Metaverse is still a relatively new medium for marketing, and it’s not likely to see the usual types of interest pop-up and banner advertising here. It’s predicted to be more personal and experience focused.

Costs, for now, are not extremely high. To be successful, you don’t have to be a big brand with a big budget, but you do have to be an innovative brand with a big imagination.

Experiences

Using virtual experiences, such as test driving a virtual car or walking through a new construction home. We’d even say that these special experiences are one of the best forms of marketing we’ve ever seen.

Metaverse experiences let their customers get an inside look at their brand and let them feel as if they’re a part of it. We can compare them to Instagram stories that give followers a peek into a brand’s behind the scenes. Essentially, consumers can now be immersed in something that was once distant.

Need inspiration for your business? Check out this list of brands that have created experiences in the Metaverse.

Billboards

This is one of the easiest ways to build brand awareness. Just like traditional billboards, these ads help increase visibility, develop a company’s reputation and act as a huge creative canvas. What makes Metaverse billboards so unique is that they are very engaging and even have the ability to drive consumers straight to a sales page. 

While they are currently one of the more affordable options, the impressions you get won’t be as high as they would be on social media platforms, since it’s a limited userbase. In any case, it’s recommended that you get set up early on. They will definitely take off in the future.

Event sponsoring

Engage with your audience wherever they may be. If hosting an event does not interest you, you can sponsor one instead. There are endless options when it comes to events.

In the Metaverse, there are conferences, concerts, fashion shows, movie screenings, and more. It’s also likely that more business meetings and corporate events will be held here.

Similar to billboards, the cost of sponsoring an event in the Metaverse is much lower than sponsoring an event in the real world. It gets your brand’s name out there without having to deal with the techie side of the Metaverse.

There’s no limit to what you do in the Metaverse. The only thing left to do is ask yourself if you’re ready to take your business to the next level. 
Currently, advertising on traditional methods? Contact us today to book a consultation to review your current strategy.

Seth Rand

Seth Rand founded Rand Marketing in 2010 and served as CEO until August 2017. While Seth was CEO, Rand Marketing was named a Premier Google Partner and added to the Inc. 5000 list for growth as a privately-owned company. Seth was also named 40 Under 40 by South Florida Business Journal in 2016.