Virtual Reality Tour: Enhancing Real Estate Business This 2020
virtual realityMarch 3, 2020

Virtual Reality Tour: Enhancing Real Estate Business This 2020

Virtual Reality Tour Continues to Evolve this Year

If you’re still viewing a home on pictures and videos, you haven’t seen the full-blown house-hunting experience yet! This year, virtual reality takes the experience higher as it promises an all too real immersion when touring a home. While images still appeal to the traditional market, the Virtual Reality Tour is innovating with even greater visuals this 2002! The rapid evolution is an incredible response of the VR companies to ensure that clients enjoy a virtual reality tour to the next level!

Many people have adapted to positive change. Most brokerage or real estate agents featuring VR tech are the ones with remote clients. For others, they save costly expenses from constructing a model home as VR makes it possible to see yet-to-be-built homes. These yet-to-be-built homes are mostly modified and customized based on the request of clients.

A Success Story

In 2016, VR technology was used by Sotheby’s International Realty real estate agent, Gregg Lynn. He sent a link of a VR tour to a few agents in San Francisco. The property was a massive loft condo to which he recalled sending the link to several agents. Fortunately, the link reached a buyer who wanted to relocate to San Francisco. The selling point was the incredible VR seen by the buyer. The client finally decided to see the home in person and fly to the city. Clients need the inspiration to make sure that they are purchasing worthy assets. The client assured the agent that as long as the reality is as good as the VR, he’ll take it. The sale became one of Mr. Lynn’s greatest, inspiring numerous agents to sell better.

Ensure that clients enjoy a virtual reality tour to the next level

The deal closed at $7 million, holding the record as the most expensive loft sold in the city.

Lynn adds that he believes that it’s the best alternative for remote tours. Now that he has a home listing in Russian Hill, the VR tech is making things brighter as ever! Clients are taking notice of how well VR is working. It’s interesting how views on Lynn’s $19 penthouse listing reached 17,000 views. You cannot accommodate that much tour when done in person. Virtual Reality Tour is making home tours easier featuring a remote tour to a larger audience.

The New Phase

VR doesn’t cease to amaze us all, it doesn’t stop developing. It can be used in partially complete communities. The rendering presented can be realistic and overlaid on photos or drone videos.

Tim Costello shares his thoughts about how VR can enhance the experience of buyers. He says that showing buyers the built and unbuilt homes give them a sense of the life quality there. Costello is the CEO of Builders Digital Experience in Austin, Texas.

Not everyone is trained to see what a place looks like with furniture. Ernesto Cohan, Oceana Bal Harbour sales director, says they used virtual staging. They created a 3-D walkthrough of model units enabling buyers to see it with pieces of furniture.

A month ago, BDX delivered as many VR tools to builders in a single month like they did in all of 2016, according to Costello. He said that growth is more than 12 times across the last four years. A virtual reality tool created from renderings was used to sell condos at Oceana Bal Harbour in Bal Harbour, Florida, before construction. The VR tours of the units can be viewed online.

Real estate experience enhanced with VR means a wider audience reach. You can just imagine the condos worth millions just like in Oceana Harbour making use of VR tools.

Developers are latching to VR to showcase units especially when selling a property with a larger area

Conclusion

The evolution of technology gave an edge to think better ways in marketing properties. The virtual reality tour makes the buyers feel more at ease about their pre and post-construction purchase. Find out more about how a virtual reality tour can improve your sales!

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How Vacation Rentals are Benefitting From Virtual Tours
BlogFebruary 17, 2020

How Vacation Rentals are Benefitting From Virtual Tours

Virtual Tours Bring Compelling Experiences

As real estate adapts to change, vacation rentals are responding to new and creative ways to inspire leads. Airbnb hosts can now create immersive tours, making more clients experience a virtual representation of their properties. Now, travelers have the opportunity to explore virtual familiarity and imagine how they fit into the picture. Dynamic tours bring a new flavor in renting spaces and properties in vacations worldwide.

We cannot dismiss a visual’s influence on selling products, services, and properties. This is why this new tour will bring a new light in creating a perfect vacation memory, even destinations are beginning to use this feature.

Real and Riveting

Virtual tours provide an intriguing platform for rental previews

Traveling is the new way of life with destinations developed to accommodate travelers and their need to de-stress. With 2020 gearing up for long weekends and holiday getaways, virtual tours will be a big hit this year! Augmented reality is officially the travel industry’s power tool to entice customers.

Vacation Rental feat Virtual Tours

Think of the tour as an immersive 360-degree preview of a home but unlike videos, you’ll be the one to take the lead and navigate through the entire space. You can have a walk-through without worrying if it takes you a lot of time to check interesting parts or space around. Your tour, your pace will be perfect in persuading online leads. The tour will engage the clients as they will have a better understanding of the rental’s layout, and other details before booking.

You won’t have to click off on the site since the tours are mostly integrated with the listings already. Click on the listing and get started. This is especially a valuable feat for guests having accessibility concerns. These tours make it easier to find the perfect place that meets their standards. Where you’d thankfully avoid client disappointment if they have a vacation rental preference.

Adopting the Tool

Soon, it became clear that virtual tours generate more rental bookings. While descriptions prove to convince clients, the detailing overview needs to integrate a handy but highly-effective approach. Features that give clients the chance to look at the corners of the room or how each room blends to the next makes an excellent booking point.

Succeed by tapping into the right partner. Virtual Tours Easy helps create digital tours as easy as 1-2-3. Dozens of features are available for customization from location, hotspots, and audio. Tours are guaranteed to be compatible with any devices and integrated directly on your application and website. We provide statistics to help you get insights, views, and share.

Booking a Vacation Based on a Virtual Tour

People don’t always book the first vacation rental. Sometimes, it takes them longer to choose a property that fits their requirement. Virtual Tours Easy created an accessible tool for clients’ easy navigation. Looking through the property like you’re walking in your perspective as if you’re actually inside it. Other clients are blown away by how realistic they seem to be, checking out spaces and looking around.

Virtual Tours Easy created an accessible tool for clients’ easy navigation

We’ve seen the evolution of different industries where they flourish. Today, we are presented with a better way of letting clients scout on their escape. We can give them an option to decide what kind of places they’d like to stay.

Think of yourself as the client, given two choices: a property rental with still images or one with a series of images where you can navigate the area and get familiar with it. Which one would you likely pursue?

The possibilities of showcasing even the most enchanting space you can find, virtual tours provide an intriguing platform for rental previews. Find a reliable partner in growing your business, sign up now for free!

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Enjoy the Stunning Luxury Tower in NYC Through This Virtual Reality Tour
virtual realityFebruary 6, 2020

Enjoy the Stunning Luxury Tower in NYC Through This Virtual Reality Tour

Virtual Reality Tour

Virtual Reality Tour is a way to immerse its users into a virtual world. Clients can interact with the surroundings that a 360 video can’t do. You are not only in control but can also go into an alternate world.

The latest smartphone devices can support the VR-quality graphics making virtual reality accessible to everyone. The built-in accelerometers detect movements as you navigate your way into your virtual space. Businesses do better using Augmented and Virtual Reality technologies.

Skyscrapers

New York’s 57th street is the world’s most luxurious street in the world! In the last five years, more houses were bought on Billionaire’s Row. The properties amounted up to $25 million that’s way more than any other road around the world. It’s rife with super-tall towers: 432 Park Avenue, 111 West 57th Street, and Central Park Tower. All these towers are taller than 1,300 ft. That’s about a quarter of a mile high.

Virtual Reality Tour is efficient in pursuing leads

Shadows of these skyscrapers cast on Central Park. Critics noting that building owners of the multi-million dollar residences pay little or no property tax at all.

Not everyone can experience being in these towers but the virtual reality tour makes it possible. Imagine immersing in an apartment in one of the towers. The height as high as a helicopter could fly that some even described being occasionally above the clouds. Perplexed whether its terror or exhilaration, the view will leave you euphoric.

Why A Virtual Reality Tour?

There are many benefits as to why people are using a virtual reality tour. Here are a few of them:

Low Costs

Instead of printed promotional outputs, Virtual reality allows business owners to show the real beauty. There won’t be a need for designing new concepts. A virtual reality tour is an efficient way to connect to fresh leads.

Reach Remote Prospects

The augmented reality still allows for printed collateral but made better by bringing an interactive experience. Think of it as the combined use of a custom brochure, a tablet, and an app.

Remote leads will find luxurious NYC towers accessible to them, especially when they’re caught up in business somewhere else. VR’s ability to reach a wider audience within minutes create a meaningful and impressive experience. It conveys quality graphics for leads without requiring them to travel pronto.

Emotional Experience

A virtual reality tour places its users inside a new world. Imagine viewing a home for the first time, the elegant and luxurious tower in New York. you’d still get stunned with the views virtually, in awe of how the virtual world connects you to its virtual representation.

Customized Surface

VR is more than a walk through the towers of New York. Sudden changes in renovations can easily be modified to make an updated version of the layout and design. The up-to-date modification bringing a rewarding experience on what’s to be expected in the home’s every corner and hallways. Even the fabrics can be designed meticulously.

Angle Inside and Out

The virtual reality tour includes a great copy including the interiors and exteriors of the stunning NYC tower. It will give you the feeling of the ultimate experience of an overlooking room in one of the suites in the building. The VR experience reflects the euphoric journey into a sales-generating campaign.

Conclusion

The best advantage you can get out of this experience is that it's just a virtual reality. It can be a preparation for what you could expect before actually going there. You still see it’s beauty and look at the amazing view up and down. You can get away anytime you feel like it’s way too high for your taste. Reality would take a lot of factors before you reach the lowest ground. Explore more about the Virtual Reality Tour by creating your free account!

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Find Out How Virtual Reality Tour Will Shape The Future
virtual realityJanuary 16, 2020

Find Out How Virtual Reality Tour Will Shape The Future

As technology continues to advance, more and more people are adapting the virtual reality tour. In fact, VR is already used in the hospitality industry. Most customers nowadays like the convenience of checking their favorite establishment without inspecting it physically.

Curious as to how the virtual reality tour will affect or evolve your business? We’ve asked the Forbes Technology Council and they share their old predictions out of it. Let’s unravel how VR’s applications will shape our future.

Virtual Shops

There’s no doubt that online shopping is dominating the eCommerce industry thanks to Amazon. We enjoy the perks of shopping for our favorite products and items anytime. We also love the idea of having it delivered to our doorstep. Then, we get to unwrap or unbox the parcels like it’s our gift.

virtual reality tour
Shoppers can now scan their favorite brick and mortar shop thanks to virtual reality tour.

Despite this trend, the study reveals most people still prefer to shop in physical stores. Thanks to VR, these physical stores can now compete with online shops. Your customers can just put their VR glasses on and they'll be transported to your shop. They'll surely reminisce about the joy of walking and strolling down the aisles. It enables shoppers to do shopping to their heart’s content since they get to check the virtual mall in one go.

Real Estate

There’s no doubt that you can earn trillions of dollars in the real estate industry. However, most real estate agents struggle to make sales because customers claim it’s a hassle arranging schedule to inspect the property personally. They just don’t have time to squeeze meetups in their hectic schedules. Good thing virtual reality tour solves this problem!

You can now render a free virtual tour to your properties and upload it online. Your customers can then check your virtual tour anytime they want. Also, you'll be able to highlight the important features and angles of your house. Not only it helps save you more time, but it also reduces your operational cost.

Healthcare Industry

Doctors, nurses, and medical professionals can now invent and derive innovative medical solutions thanks to the virtual reality tour. They can now conduct preliminary trials with their experiments by simulating it with virtual bodies before testing it out actually. Likewise, the patients can now avail of therapy and fitness programs thanks to VR.

Dangerous Jobs

People who have a dangerous job scope can now avail of an effective training method without actually harming their lives. For example, technicians, firefighters, and other professions with hazardous jobs can practice intense situations via simulations. This interactive yet realistic training method will help hone their skills and determine whether or not they’re suited for the job.

Education

Teachers can now implement interactive and exciting lectures thanks to the virtual reality tour. For example, they can now conduct immersive experience with their students as they tackle biology (see microscopic organisms and cells), chemistry, astronomy, etc. Whether you’re teaching elementary, high school, college, or post-university studies, learning has never been this fun!

Improving Emergency Response

Virtual reality can help the emergency response team simulate real-life situations like earthquakes, bomb exercises, typhoon, or fire incidents. They’ll be able to formulate their response strategies to stay calm and be effective when dealing with real-life emergencies.

For Leisure

Of course, virtual reality also helps boost the entertainment industry. With the rise of virtual games and augmented reality like Pokemon Go, we’re able to transport in our favorite fictional world; even for just a moment. Virtual reality games and leisure helps promote distraction and relaxation as you take a break from intensive work. It also serves as a quality-time bonding with your family and friends.

Conclusion

Curious about how to start making your own virtual tour? Sign up here for free!

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The World Has Changed Because of Virtual Reality | Find Out These 10 Changes
virtual realityNovember 18, 2019

The World Has Changed Because of Virtual Reality | Find Out These 10 Changes

It’s quite difficult to find a millennial or a Gen-Xer who hasn’t had any experience in playing virtual reality games or watching a 360-degree movie. It used to be seen only as a gimmick and not seriously as a technology with massive uses and propensity for change.

Here are 10 noticeable changes that occur in the world because of Virtual Reality.

1. Video Gaming

One of the industries that have adopted several applications for virtual reality is video games. Large companies like Google, Facebook, HTC, and Samsung. Facebook bought Ocular Rift which is a VR headset manufacturer. Video gaming was changed by virtual reality. It is now possible to play in Wimbledon with players around the world.

2. PTSD Treatment

Virtual reality can become a full-blown therapy for those who suffer from PTSD. Post-Traumatic Stress Disorder is a serious illness that often affects those who experienced being in the battlefield or conflict zone and also those who are victims of rape and any form of abuse as well as survivors of disasters. There are different triggers to PTSD. For a survivor from a conflict zone, loud noises are often the trigger such as the slamming of the door. The primary if not the best technique in handling PTSD is to face one’s fears. This is where virtual reality plays a major role. The person may be able to experience having to face his or her fears through virtual reality.

3. Travel Industry

Virtual reality is often used by people to go to various destinations around the world without having to go there physically. This is perfect for those who don’t have the budget to spend on traveling. Virtual reality is also capable of adding more realistic features such as smells and the different kinds of weather into the entire virtual experience. People may tend to undergo the real travel experience but there are businesses these days that cater to virtual visits of the world’s famous landmarks.

4. Cinema Experience

3D movies have been introduced a long time ago, but there are talks about 4D movies becoming the latest innovation. Entrepreneurs propose that the moviegoers will wear VR headsets and that the seats will be modified to enable them to move from side to side and vibrate. There are other features such as the wind and steam machines and temperature control, which will enable some changes around the cinema all throughout the movie.

5. Improved Medical Education

It is difficult for medical students to undergo the first-hand experience of live surgeries and complicated operations. The usual process is for the medical students to observe live surgeries done by surgeons or to perform fake surgeries on dead bodies after asking for permission from the person’s dead relatives or the dead person himself according to his last will. These conditions make it time-consuming for medical students to learn how to operate. VR hospitals and government organizations may create virtual representations of the human body which can be used by the medical students. There are several benefits to the use of VR for medical education. It is of less risk to students; it is not costly; it can also be used by every medical student individually.

6. Changing the Museum Experience

There are several applications of VR technology in a museum. One of these is Earthquake Recreation that enables you to experience a simulated earthquake when you enter a room and there are tourists and things falling off. There are other applications that enable people to experience Victorian England, the Roman Empire, or the Stone Age. Experiencing the museum through virtual reality like this makes children more interesting in history.

7. Autism Intervention

Autism is a genetic disorder that affects 1 out of 59 people around the world who are on the different levels of the autism spectrum. Autism affects the behavior of the person. It gives them difficulties in pronouncing words, reading, and some of the autism patients also exhibit symptoms of OCD or obsessive-compulsive disorder. The role of virtual reality in addressing autism is that it provides the patients with a virtual scenario that enables them to give speeches and talk to virtual people. It is more effective when used with artificial intelligence that can converse with the patient.

8. Athletic Training

The sports industry is a multimillion-dollar industry, and many of its top-performing players earn millions from product endorsements and wages. Sports teams strongly compete with each other. Training in sports can get boring and draining. Virtual reality changed this. Not only is it fun, enjoyable, and more fulfilling; it also gives you more freedom and opportunities to play and practice because there is no need for you to find a partner. It is also cost-effective. Virtual reality will be able to provide you statistics of your performance while training which will enable you to focus more your attention on the weakest aspects.

Source: hotel-magazine

9. Real Estate

Virtual reality has a massive impact on real estate. Through the use of a virtual reality tour, customers will be able to view properties without being in the physical location and even before its completion. It saves time and money for the sellers and potential buyers. Sellers can create their virtual tour using a tour builder and have an option to embed it directly on their website, share via email, social media, and more!

10. Military Training

It is possible to recreate the war scene in virtual reality. This will enable soldiers to be more prepared to go to war. VR may also allow them to wear suits that have electronic simulation which can make them feel pain in the spots where they are hit while they are inside the virtually simulated room.

There are many uses of virtual reality from virtual reality tour to machines simulated for different industries. If you want to know more about this fascinating technology, check Virtual Tour Easy now.

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The Booming Virtual Technology: Top 9 Industries That Uses Virtual Reality
virtual reality, Virtual ToursOctober 21, 2019

The Booming Virtual Technology: Top 9 Industries That Uses Virtual Reality

Virtual reality has unexpected uses in various industries. Most people think that it can only be applied in gaming, entertainment, and movies like those in Ready Player One. However, there's more than that. The following are the top industries that benefit the most from this type of technology:

1. Construction and Real Estate

When it comes to construction and design, people can be easily persuaded when they see the end product. Virtual tours are perfect for visualization. Studies revealed that 75 percent of online users prefer to view a virtual tour before they decide to buy. Through virtual reality, it is possible to look around the property and even oversee its construction or add furnishings and do some changes in the design without being in the actual location. Architects and designers also benefit more from virtual reality. It is easier for them to visualize the construction plan and to check for any possible mistakes and to share professional opinions with colleagues.

Lost In Reality
Photographer: Matthew Kwong | Source: Unsplash

2. Sports

People love sports. Millions of people around the world watch live events online or watch races on TV. Some services broadcast live events on 360-degree cameras. This enables everyone to witness the event as if they were in the actual game. Professional athletes also use virtual reality for training. Ski members can use virtual sessions to practice for the Winter Olympics in Korea. It may also be used by players for post-trauma rehabilitation.

3. Retail

VR is a superb tool to attract more customers in the retail industry and to increase profits. Seventy percent of customers expressed their interest in doing virtual shopping. There are new experiences that virtual reality can provide customers from the ability to try on clothes from the shop without leaving the home to decorating a dining area that’s not even created yet. VR is highly applicable and scalable.

4. Automotive

A 360 virtual tour has just started in the automotive industry. It is possible to create a concept and design a manufacturing line using virtual information. Ford has an immersive vehicle environment which enables engineering forces from different countries to combine and produce a design and simulate the assembly process. Other automotive companies focus on virtual user experience, allowing customers to test-drive virtually.

5. Education

There are many interesting and efficient applications of a 360 virtual tour in education. The education process is made more interactive and informative through simulators and immersive workshops. In general, VR enhances the engagement of students and the efficiency of the education process.

People from various industries use virtual simulation to upgrade their professional skills. This technology aids people in handling dangerous and critical situations such as firefighters, military, doctors, etc. VR also makes it possible for training and workshops to be highly engaging and more innovative.

VR Painting @ Trailerpark I/O
Photographer: Billetto Editorial | Source: Unsplash

6. Film and Entertainment

It started with a 3D image and then it led to the interactive film. We can expect to find more virtual reality cinemas in the future. This new experience where the storyline and the viewer both become elements of the movie is called cinematic VR. This is based on 360-degree videos taken with the use of a special camera. Many companies use VR technology to present their products in a different twist.

7. Tourism

Tourism just like real estate can gain the best advantage through using VR technology as a visualization tool. Travel agencies can showcase destinations better compared to the use of brochures. Thomas Cook used a 360-degree virtual tour to convince people to travel more which increased bookings. Virtual reality can also be used in museums and art galleries such as the British Museum and The Metropolitan Museum of Art that used 360-degree video excursions to show their artifacts to the people.

8. Marketing and Advertising

Consumers today no longer respond to traditional advertising. It is virtual reality that can make them awed. It offers a great means for consumers to have a different experience of interacting with the brand. There are multiple ways to use VR for advertising. Every brand has creative ideas and brand-new solutions. It can be used to tell the story of the company and how the product came about. It can also be used to provide entertainment for a summer collection for instance. VR offers marketers a lot of opportunities to create and keep their customers interested.

Photographer: stephan sorkin | Source: Unsplash

9. Health Care

Virtual reality in health care can benefit both doctors and patients. Patients can receive therapy through VR applications which will do away with phobia and fears. Some solutions can help in sharing knowledge and experiences such as emergency training, virtual surgeries, and also VR anatomy apps. You can also have a live stream of an operation. There are many possibilities in VR technology application when it comes to health care. Perhaps in the future, it may not be necessary to go anywhere to get checked by a physician.

There are many uses of virtual tours and virtual reality. If you want to get started on using this technology, you can create your account on Virtual Tour Easy for free! Sign up today.

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Real Estate and Architecture: Top Industries Where Immersive Tech Flourished
virtual realityOctober 10, 2019

Real Estate and Architecture: Top Industries Where Immersive Tech Flourished

Almost every creative field including architecture has been radically changed with the help of virtual reality. The field of real estate and architecture embraced immersive tech in just a short amount of time since its inception a few years ago. Many consider it to be an invaluable tool, helping relay a property design.

Architects and their respective clients can work as true collaborators during the design phase of their projects with the help of the technology promptly. Having a fully-visualized interior before deciding the fine details makes it possible to create a property walkthrough pre-build. Its novelty has worn off, but the technology stays relevant, becoming a groundbreaking resource in the design, communication, and property trade. Let us look at what role immersive technology plays in changing the work and function of architects.

State of the Art Visualization

There is a story in every building an architect creates. The functionality and purpose of the property need to be cohesive, and this can be seen in how architects tell their stories, bringing them to life through paintings. Drawings, 3D models, and 2D digital simulations were often the visual narratives architects use to relay information to their clients. Although these methods are proven to work, their scope is somewhat limited as this does not allow an individual to truly immerse themselves inside the property.

Things changed for the better in the introduction of VR, this having the ability to immerse an individual into a projected building, giving a much clearer overview of its layout. Architects can save a fair amount of time and resources with the help of this immersive tool. VR has poised itself as a discovery tool with its ability to find design flaws earlier before breaking ground. The option to explore and have a feel for the interior and exterior of a property is available from the get-go as if the individual steps inside the building. Things can also be easily changed if there are elements that do not go well to the overall value of the building.

Collaboration with Its Design

Architects, interior designers, and clients can work hand in hand to complete on design through virtual and augmented reality. The process itself can be troublesome and can consume a considerable amount of time, but it is something that should not be overlooked. Changing layouts, adding windows, doors, and hallways all from a headset is a welcome change and at the same time helps cut downtime and fees when done through free virtual tours.

An Effective Training Tool

VR provides timely information of a property to potential clients while at the same time the future generation of architects will be able to use the lessons administered within the tool. VR has become a staple tool in the field of medical, automotive as well as architecture and real estate due to the teaching tools it provides.

Helps Seal the Deal

The final step passed on to a real estate agent is selling the vision of the company and its property. Back then, building completion is what agents will be waiting before they are allowed to step in and build out a selling strategy and messaging points. The process, however, is streamlined through VR. Now real estate agents can get a headstart on finding the perfect client as they will be able to get an early preview of the final product.

Now that you know the importance of a virtual tour builder in many industries you can start creating your own. Check on Virtual Tour Easy for an easier process.

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[Guest Post] Is a Prospective VR Business Model Just a Dream?
BlogSeptember 23, 2019

[Guest Post] Is a Prospective VR Business Model Just a Dream?

Nowadays computer games have become a usual part of our life. Keyboards, mouses, gamepads, joysticks – all these devices are so familiar to us, so we had no such interest in games as it was at the beginning of our introduction to video games. We don’t feel being a part of events happening on our screens and smartphones while we’re holding them. So how can we return to the previous experience? The answer is virtual reality.

The first virtual reality system appeared in 1962, however, it has begun acquiring the greatest popularity only now. And now it is time when it is not just moving forward – it’s jumping up! So let's see what this sphere is all about, and why now is the best time to think of your virtual reality business model.

Virtual reality is multifaceted, you can use it in medicine, construction, make 360 tours for real estate and sell apartments as our partner's virtual tours easy, develop games, do training in virtual reality, but we want to talk about our sphere.

Entertainment is a large sphere for sharing your ideas meanwhile receiving money. Grand View Research forecasts, the worldwide VR gaming market, is thought to reach about 46 billion dollars by 2025 comprising the largest geographic markets now located in the United States and China.

Here you may discover the most noticeable VR companies:

-Sandbox (UFL, Amber Sky 2088, Star Trek: Discovery, Deadwood Mansion, Curse of Davy Jones),

-Zero Latency (Sol Raiders, Zombie Survival, Singularity, Engineerium, Zombie Outbreak, Outbreak Origins),

– Avatarico (Cosmos, Mind Horror, Dracula, Alice in Wonderland: Crazy Clockwork)

Also, there are Virtual Room, Golem VR, and many others. Their profit today is calculated in millions of dollars and their VR experiences are already distributed far abroad. However, they also started with some minimal investment. In that case, the most important is not the amount of money, but the ability to choose the profitable investment.

In the diagram below you can see how a young VR industry is developing:

If you are a young businessman and you want to make the right choice in the field of activity and earn money, Avatarico has got some tricks and tips for you.

One of the most promising VR areas is VRcade. That may seem difficult, but like any new venture, it becomes more understandable when you break it down into several key steps.

Choose a VRcade location

Find a place in your city with a lot of people. Choose a space for rent with enough space to set a VR club there and the possibility of its future expansion. It can be a shopping center or a game park with a sufficient flow of visitors. Pricing policy should suit you, and comply with preliminary calculations of the economic part. Your club should have a unique design related to VR or gaming topics. In this matter, you can creatively approach the design or hire designers. Brand promotion and recognition is one of the important tasks of the future VR club.

The club should have a bar and a place where visitors can watch your game sitting in comfortable sofas.

Equipment selection is a key aspect of any VR business. Yours must be among the best products in the VR market: Oculus Rift S and HTC Vive Cosmos. They have the best picture and interaction speed. This equipment will meet modern game requirements for a couple of years.

Before opening, you need to analyze the location of the club. You must clearly understand who can become a visitor to the club, their age, gender, and paying capacity. This research will greatly facilitate your choice. And again, you can do the market analysis by yourself, or hire an agency. You can also consult some shopping center owners. Pay attention to visits by months and a season because seasonality is crucial in every business.

Choose a VR content

The next stage is the selection of content. After receiving the data, you can clearly understand who your potential buyer is and what content you should order. Usually, they are divided 70/30 in favor of an individual game in VR glasses. But those 30 percent you should consider as a location-based entertainment for group visits. LB VR is the most cost-effective use of a headset and territory in a high-margin club. The club can be divided into zones and made for both individual user and group visits.

According to the Space Efficiencies` indicator, the experience of work with 6 players is the most profitable for a room with VR content. Other companies offer a solution for only 4 players, which leads to less efficient use of premises and earnings.

Avatarico recommends using this scheme of interaction with the audience. We have released a series of games and continue developing various solutions to entertainment for 6 players. Our performance is backed up by statistics and the introduction of our products in various clubs around the world. You can try other products, but the reviews of visitors and club owners give you a reason to think about choosing the content.

About the Author:

Anton Zaitsev, Avatarico CEO, AR / VR developer. His company was the first to develop a VR escape game for location-based entertainment. He has been dealing with VR technology for more than 6 years. He likes to share his experience in that sphere providing some useful tips for VR business success. He is always ready to help with any questions related to VR technology. You can contact him at [email protected].

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