A bigger percentage of companies are currently spending millions of dollars to develop a wide range of Virtual Reality (VR) products. Even startups are raising money from angel investors and venture capitalist in order to get into the VR game. What about you? Are you also willing to join the VR bandwagon but don’t have enough capital or simply don’t know how to start? Well, as a guide, here are a few small-business Virtual Reality ideas that you can start with little startup costs:
1. VR Headset Rentals
Generally, VR headsets are more of luxury items than everyday devices. This is because the hardware is not affordable yet. However, many people are still interested in experiencing Virtual Reality. This means that a business that can offer VR rentals has a great potential. You can target people who are willing to try the new technology but are still not sure if they want to invest in purchasing their own equipment.
2. VR Content Creation
In the Virtual Reality world, people are always searching for interesting content. As a startup, you can take advantage of this gap by creating a YouTube channel, website or blog that review some of the latest VR technology, games, movies, exhibitions, and conferences. By winning a sizable audience, you can monetize it and double your influence and income later.
3. Virtual Reality Studio
Virtual Reality studios are currently opening globally, attracting both the attention and customers. This idea requires a bit of investment because you will need to find a space and buy a few VR equipment. However, once you find a space, you can opt for a low budget pop-up studio where people sit with VR headsets and enjoy VR videos or photo galleries. With a wide range of VR products being released every day, getting a few products with affordable price points will not be that difficult.
4. VR Events
In larger metropolitan areas, there are companies that are looking for venues or businesses that organize VR events. Most of these companies are looking to expose their employees to the VR world. This because as marketing potential of VR becomes more apparent, a bigger percentage of companies will be looking to wow their potential clients with VR presentations. You can easily get into the VR bandwagon by capitalizing in this market gap. Besides corporate events, you can host private parties such as birthdays, company promotions and fundraisers.
While big companies with the financial wherewithal are trying to invent and create fascinating VR products, you can still jump into the VR arena without a big investment. Hopefully, the above-highlighted ideas will start you off in your Virtual Reality production business journey.