Virtual Goods: Why & How They Work

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  • talk about how you're building a platform for brain fitness to put people in the right mindset
  • Virtual Goods: Why & How They Work

    1. Amy Jo Kim CEO, Shufflebrain Virtual Goods Why & How they Work
    2. What are Virtual Goods (vGoods) ?
    3. Digital Items w/Contextual Meaning
    4. Decorative vGoods DO NOT affect stats or gameplay
    5. Functional vGoods DO affect stats or gameplay
    6. What ACTIVITIES are enabled by vGoods?
    7. Socializing Express your identity with a customized avatar
    8. Decorating design your own room, restaurant, garden, farm, fishtank
    9. Shopping experience the pleasure of browsing/choosing/using new stuff
    10. Gifting express your respect/love/good wishes with a social gesture
    11. Enhanced Gameplay Pay More  Get Ahead Faster
    12. Why do vGoods WORK?
    13. People are impatient (time == money)
    14. People want better stuff
    15. People want to feel important
    16. People want to express themselves
    17. People want to build relationships
    18. People want to show they care
    19. People want to feel good about themselves
    20. vGoods work because Social Context provides meaning and emotion…
    21. Online …
    22. … and Offline
    23. Virtual Goods let you monetize your most engaged players
    24. 5 Key Steps for Launching Virtual Goods
    25. 1. Create a meaningful context
    26. 2. “Prime the pump” with free goods or currency
    27. 3. Create demand for premium content
    28. 4. Offer fresh content at a range of price points
    29. 5. Make it EZ to purchase currency
    30. So remember…
    31. Virtual Goods evoke real emotions…
    32. … in a well-understood social context
    33. Virtual Goods enable self-expression…
    34. … and enhance social activities
    35. Virtual Economies drive ongoing use…
    36. … and turn a game or website into a service
    37. Thank You - Any Questions? [email_address] @amyjokim on Twitter

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