The metaverse is the emerging 3-D-enabled digital space that uses virtual reality, augmented reality, and other advanced internet and semiconductor technology to allow people to have lifelike personal and business experiences online.
1. Embracing the Metaverse:
A Paradigm Shift in Consumer Behaviour and
Marketing
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VIJAY RAJ SHARMA | 161315213 1
2. Introduction
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The Metaverse, a concept originating from science fiction, has
become a buzzword in recent years.
It refers to a collective virtual shared space, merging the physical and
digital worlds, where users can interact, create, and transact in real-
time.
This presentation aims to explore the implications of the Metaverse
on consumer behaviour and marketing activities and how forward-
thinking organizations can leverage this digital trend for their benefit.
VIJAY RAJ SHARMA | 161315213
3. Analysis of the Metaverse
•The Metaverse offers a host of exciting
opportunities for users, including
• Virtual reality (VR)
• Augmented reality (AR)
• Mixed reality (MR) experiences.
Users can immerse themselves in 3D
virtual environments, interact with digital
objects, and even socialize with others
across the globe.
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VIJAY RAJ SHARMA | 161315213 3
4. Impact on Consumer Behaviour
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Increased
Personalization:
Brands can gather vast
amounts of user data
from the Metaverse,
enabling hyper-
personalized marketing
strategies. This level of
personalization can
enhance the consumer
experience and build
stronger brand loyalty.
Blurred Boundaries
between Real and
Virtual Worlds:
As users spend more
time in the Metaverse,
their perception of
reality will blur,
influencing their
purchasing decisions
and preferences.
Brands that establish a
presence in the
Metaverse can capture
consumers' attention
and create lasting
impressions.
Multi-Platform
Engagement:
With the Metaverse
spanning multiple digital
platforms, consumers
will expect seamless
brand experiences
across these
environments.
Companies will need to
adopt an omnichannel
marketing approach to
remain relevant.
VIJAY RAJ SHARMA | 161315213
5. Evaluation of Consumer Behaviour Shifts
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Digital Identity:
Consumers may adopt virtual personas in the Metaverse, impacting how they present themselves and
interact with brands. Marketers must understand and respect these digital identities to build authentic
connections.
Virtual Commerce:
As virtual marketplaces grow, consumers will shop for virtual goods and experiences, presenting new
revenue streams for companies and innovative advertising opportunities.
Social Influence:
Social interactions within the Metaverse will carry weight, as influencers and trendsetters emerge in
these spaces. Brands will need to collaborate with these digital influencers to reach their target
audience effectively.
VIJAY RAJ SHARMA | 161315213
6. Impact on Company's Marketing Activities
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Immersive Brand Experiences:
Companies can create interactive and
immersive experiences in the Metaverse,
showcasing products, services, and brand
values to forge deeper connections with
consumers.
Virtual Events and Product Launches:
Brands can organize virtual events and
product launches to engage global
audiences, making use of the Metaverse's
borderless nature.
Virtual Customer Support:
Implementing virtual customer support
services in the Metaverse can enhance
customer satisfaction, providing a unique
and innovative way for consumers to
interact with brands.
VIJAY RAJ SHARMA | 161315213
7. Campaign:
Nike's Metaverse Sneaker Launch
Nike, a pioneer in digital marketing,
capitalized on the Metaverse trend by
launching a limited-edition virtual
sneaker collection. They partnered with
a popular virtual world platform, allowing
users to purchase and showcase virtual
versions of the sneakers within the
platform.
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VIJAY RAJ SHARMA | 161315213
8. Campaign: Key elements
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Limited Availability:
Just like physical sneaker drops, the
virtual collection was available for a
limited time, creating a sense of urgency
and exclusivity.
Virtual Try-On:
Users could virtually try on the sneakers
in the platform, boosting engagement and
increasing the likelihood of purchase.
Social Sharing:
Nike encouraged users to share their
virtual sneaker collections on social
media, amplifying the campaign's reach
and generating user-generated content.
Real-World Rewards:
Select users who participated in the
virtual campaign were eligible to receive a
physical pair of the limited-edition
sneakers, bridging the gap between the
Metaverse and the physical world.
VIJAY RAJ SHARMA | 161315213
9. Conclusion
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THE METAVERSE REPRESENTS A PARADIGM
SHIFT IN CONSUMER BEHAVIOUR AND
MARKETING ACTIVITIES.
AS CONSUMERS EMBRACE THIS IMMERSIVE
DIGITAL WORLD, COMPANIES NEED TO
ADAPT THEIR MARKETING STRATEGIES TO
CREATE PERSONALIZED, AUTHENTIC, AND
SEAMLESS EXPERIENCES.
BY LEVERAGING THE METAVERSE
EFFECTIVELY, BRANDS CAN UNLOCK NEW
OPPORTUNITIES, ENGAGE THEIR TARGET
AUDIENCE, AND STAY AHEAD OF THE
COMPETITION IN THE DIGITAL AGE.
VIJAY RAJ SHARMA | 161315213