From Content to Close: Selling Extraordinary Spaces with VR

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The title of this talk today is content to close, selling extraordinary spaces with VR.
But I’m here today to talk to you about the here and now, and about having a 3D | VR content business
and that content being created to motivate purchase intent

So how did I get into this business? In college I wrote my senior thesis on the genesis of the cyborg, After that, I worked in the Video Game Industry and Japanese Anime industries and was part of a very small group of people trying to monetize video on demand and other media in the digital space. So, new media monetization, and in general selling space, is something I’ve been doing my whole career. In early 2015 I began making 3D models with Matterport 3D Pro cameras.

So I started Hopscotch because I wanted to answer two key questions:

How can I best help someone sell a space
Can I make them more successful.

And the reason I asked those questions is pretty simple: if I can make you more successful, I will always have business!

The Jungle of the VR Industry Landscape put together by Tipatat Chennavasin at the VR Fund (currently deploying $50 million into the space).

As far as I’m concerned, these are all relevant to my business, because as this thing grows, everything from the reality capture and the distribution models, al the way to how the content is deployed is important to understanding the space.

The company is media agnostic by design, but I am going to talk today about the first way that I was able to make my first VR content and use it for marketing spaces.

Market Traction?
More than 250,000 scans and 1-2% of market penetration in the United States, so there is still a long way to go!
According to CNN, Sotheby’s International Realty San Francisco using VR for 33% of listings moving to 2/3 of listings
Cushman & Wakefield Using VR for a new mall…using VR to sell retail spaces
Commercial Real Estate is catching on
And, one of the clients that I work with actually didn’t want me to talk about their business today, because VR is their secret sauce, so I am going to talk about a few other clients

So since I started the business, I have marketed millions of dollars worth of real-estate. The orders of magnitude are staggering, especially in markets where real estate demands huge premiums. Here are some examples of 3D|VR

Greenbaum House, filming and photo shoot location, this home is being used to rent for agencies and so we did a full 3D model of the home

This home is an exquisite new construction in West Oakland, for this home we did 3D only
The global real estate market is $12.9 trillion dollars, and the global automotive industry is $1.65 trillion dollars for comparison.

3D & VR are planned for a dozen vineyards and wineries in Sonoma County starting this month. The wedding industry is a $300 billion dollar industry which is 3x the size of the gaming industry worldwide

The Global Real Estate Market is $12.9 trillion in size, according to DTZ Research, and BlackRock projects that it could grow to $23.9 trillion by 2020.
$12.9 Trillion vs. $1.65 Trillion
Global Real Estate = 8x Global Automotive
$300 Billion vs. $100 Billion
Global Wedding Industry = 3x Global Video Game Industry

Short-term vacation rental. Airbnb right now only allows photographs except with about 40 listings that they are testing with this technology. So that’s actually not too far away. A 2015 estimate of Airbnb’s room nights was 37 million nights per year across about 1 million properties. This is the Pop Pad Berkeley by Spacepop Design, and they own a number of rentals, so this has really helped them with bookings.

Different media accomplishes different things, but VR has a specific solution and that is ultimate that it sells, motivates, and enables a decision making environment.
Much like in the advertising industry and the early days of video-on-demand, we were thrilled that we could time shift –it was a revelation. Now, we are able to place shift, and by doing that we actually can visit many, many places from an office or from our home

Lots of added value for the client, but also for me, the provider of the content, because once we have the media we can do so many awesome things with it!!!!
Statista: 207.2 Million Smart Phone Users in USA (2016)
Monetize New Technology
Create share-worthy media and value for clients,
and monetize new media
eeGeo – Interactive 3D/VR Mapping Platform
Virtual Brochures
3D Virtual Map
Facebook
Website

El Cerrito California
$8,000,000 listing
26-units
Chinese Investor
VR, Video, Websites, and all marketing channels to get it out there…

Matterport 3D|VR Showcases
Still |360° Photography
Sometimes we collaborate, and sometimes we innovate
One size does not fit all

Each time I’m enabling sales and successful, happy clients.

Please be in touch!

From Content to Close: Selling Extraordinary Spaces with VR

Emily Olman

From Content to Close: Selling Extraordinary Spaces with VR