Meta meltdown? We beg to differ – What business owners must know about the ‘Metaverse’
When Chief Executive Mark Zuckerberg announced Facebook’s rebrand to Meta, the internet went into melt-down mode.
Much of the criticism over Facebook is fair and reasonable.
Meta and wider the tech world have a way to go to repair the damage caused by its ethically questionable approaches – let alone its own reputation.
But we’re here to chat about the other side of the coin.
And why this presents an incredible opportunity – for marketers, creators, businesses, and of course – end users – and how to embrace this evolving world for the overwhelming better.
What it really means…
The Facebook to Meta transition means innovation is about to happen.
What the ‘metaverse’ will look and feel like is something that will always be evolving, but from initial reports we can expect, 3D virtual rooms, shared virtual experiences with loved ones across the world, concerts, virtual workrooms for collaboration, shopping, VR gaming and fitness (essentially, the options are endless)!
Where there’s change, there’s opportunity
With growing amounts of businesses using Instagram and Facebook particularly to generate sales, it’s reassuring to know these platforms will remain as the apps we all know and love.
At Cali Social, we run Facebook ads for so many great businesses, so I find comfort in knowing their campaigns won’t be heavily affected by the re-brand.
If anything, I think this could be an interesting avenue most businesses will be able to add to their growing online presence.
Shop ‘til you drop
Not only will consumers be able to enter virtual spaces, but we’ll be able to walk through these spaces in our favourite custom clothes or now referred to as ‘digital skins’.
But more than looking snazzy, there is a real potential for businesses to facilitate a new ‘e-commerce’ and shopping experience.
Currently, the term ‘creator’ refers to individuals, but in the Metaverse, this will be expanded to include organisations that will be able to develop digital places like stores, and ‘worlds’, a nod to show the integration of advertising in a clever and integrated way.
Laggy Zoom meetings are a thing of the past
Personally, as an owner of an ads agency, I’m particularly excited to have collaborative meetings through Meta’s Horizon Workrooms so we can hire and connect with the best minds across the globe, without them ever having to step into a physical office.
Up to 16 people will be able to join the Workroom from a VR headset, and up to another 34 people can then enter through video or audio call without the need for a headset.
This gives a whole new meaning to ‘global connection’ and recruitment – with the ability to connect with the best of the best, regardless of physical location.
When I look into a crystal ball, this is what I see
I’ve been touting augmented reality to be the next ‘big thing’ for the last 12 months and maybe this will be the catalyst!
Spark AR is an incredible piece of software in the Meta family allowing users to create AR experiences.
Perhaps we will start to see businesses jump on the AR bandwagon and weave this into their advertising.
I may be thinking a million steps ahead, but I imagine the VR headset would integrate ads in between experiences.
An alternative development when hugs aren’t possible
Personally, I have lots of my loved ones living in the UK who I’ve been unable to see for the last 24 months due to travel restrictions.
While digital experiences will never be the same as a long hug after missing someone or dancing to your favourite artist together, I think it’s a fun development to experience AR festivals, events and dropping some cash at digital stores!
What now? Four steps to being ‘Metaverse’ ready
So, if you’re a business owner, creator, retailer, or marketer, what do you need to do to make sure you’re an early adopter and here to embrace the benefits of the Metaverse?
It’s time to follow these four steps:
Training – embrace as many training programs offered by Meta or Facebook for you and your business. There are loads of free ones available, which you can stay across via Facebook’s free online learning platform, Facebook Blueprint.
Investments – start investing in AR technology online and in-store, training, or looking to hire the right talent, or work with the right experts in this space. Spark AR has some great training and information for beginners. If you are looking for inspiration on what can be achieved with AR look no further than Ikea, ASOS, and Patron Tequila!
Regulations – make sure your policies and procedures are set up to protect the privacy and rights of your consumers, staff, and community. This should already be a strong part of your business – but if it’s not, ensure you seek the best professional legal, and ethical advice.
Stay open-minded. With any new development comes opportunity – so get ready to embrace the Metaverse with the right passion and excitement!
By Lauren Swidenbank
About Lauren Swidenbank and Cali Social
Cali Social is an award-winning paid advertising agency for female-focused brands.
Founded in 2018 by economist and mathematician turned paid ads specialist, Lauren Swidenbank – Lauren’s turned her love of numbers and big picture impact – to leading the top paid advertising agency for female-focused brands.
In fact, Lauren and her team have been recognised as a qualified Google and Facebook Partner – based on their industry-leading results – which is particularly unique as a boutique-sized agency.
Headquartered in Brisbane, Lauren and her team work with some of Australasia’s, and the United States’ leading female-focused and led brands, including fashion, property development, lifestyle and e-commerce businesses.
Lauren’s passion lies in empowering women to be leaders in the tech, business and marketing world – overhauling the current industry dynamic.
Lauren has an honours degree in Economics and in 2020, was recognised as ‘Digital Marketer of Year’ for Women in Digital’s National Awards.