img_9620
7 Surprising Facts about Virtual Reality You Probably Didn’t Know
April 25, 2017
people-coffee-tea-meeting-1024x683
VR Versus AR – Which One Do You Need?
May 8, 2017

How Virtual Reality Can Boost Your Income

pirx-1

There’s a lot being said about how the use of virtual reality can benefit various types of businesses, but there’s little said about the marketing agencies themselves. And they are the ones which, most of the time, implement the solution for its customers. Naturally, as long as they offer VR solutions… And they definitely should, especially considering how big a boost to their income it can be.

There Is a Lot of Room for Growth

Even though the popularity of virtual reality has been on the rise over the past few years, many businesses are still left behind. This leaves a lot of room for growth, meaning that a lot of companies will be looking for VR solutions in the next year or two. By offering marketing services based on virtual reality, you answer a significant need and can attract a lot more customers compared to agencies that do not provide any VR products or services.

New Services Have a Higher Price Point

All new services and products are more expensive in the very beginning, right after they are introduced into the market. This allows the producer to profit from his innovation handsomely before others start copying his invention. But when it comes to services, it’s impossible to monopolize the market and prohibit others from joining the bandwagon.

Because of this, all companies that include new services in their offer early on can charge higher rates compared to those who join the market at a later date. And considering that for thousands of people virtual reality is still a new concept, you can’t afford not to include it in your offer profit -wise.

Innovation Can Help You Retain Customers for Longer

What’s the most valuable kind of client for every marketing agency? The one that stays with the company for years to come. And typically, there’s no better retainer than innovations and new services (naturally, right next to the quality of the said services). People like convenience, and being able to get all the old and new services at one place is crucial for many businesses. Moreover, this could help you take over some of the customers of your competitors, increasing your client base and income even further.

Positioning and Branding Can Skyrocket Your Revenue

Adding a service that’s regarded as innovative and being one of the first companies to do so, is an excellent way to position your brand as an authority in the marketing industry. And a strong brand can attract a lot of well-paying clients, securing of which could add significant income streams to your company. And those big names could help you attract even more customers with robust marketing budgets, ready to invest heavily in both VR and many other of your services. Remember – big businesses are more eagerly spending money because their expenditures are often just a small percentage of their overall budget.

Secure Your Income with a New Service

Every business should strive to have multiple sources of revenue. Sticking to just one client or one service is never wise nor safe. By adding virtual reality to your offer, you can not only diversify it but also protect yourself from the outflow of customers. Particularly those who could leave your company looking for more innovative services.

 

Tomasz Jelski
Tomasz Jelski
Co-Founder and CEO of PIRX – softwarehouse specializing in innovative products and services in the VR and AR fields.

Leave a Reply

Your email address will not be published.