'Marketing'에 해당되는 글 2건
- 2007/08/21 State of Play V: Building Businesses in Virtual Worlds (1)
- 2007/08/10 The power of Naver
2007/08/21 01:30
State of Play V: Building Businesses in Virtual Worlds
2007/08/21 01:30 in basic info
Virtual world builders now encourage third parties to develop content inside their worlds, and so we’ve seen the rise of businesses built inside virtual worlds. This panel will explore the nature of these businesses, and look at how businesses get built within virtual worlds. It will ask whether the trend has played out, and examine the future of businesses inside the virtual worlds.The first session was on "Building business in virtual worlds." I liked how the conference started off with the business aspect because you typically get the information that's very "real" when talking about businesses.
Discussion was started with a question about the different branding strategies for real world and virtual worlds. Can the same branding strategy be applied to virtual worlds, too? Obviously, the answer was No". Like in Web 2.0, it's a lot more about having conversations and engagement. There's so much social going on here that virtual world branding strategies must incorporate the social nature of the medium. It's better to start your first chatper and hand the pen over to fans and users. This way you can totally up your innovation speed, too.
The question of "open vs. closed" came up here as well. Again, like in Web 2.0, not everything needs to be open all the time; however, people in this field are increasingly discovering the value of open in virtual worlds.
So I decided to act brave and went up and asked a question:
"It seems like given the strong media nature of virtual worlds, much of their business aspect has to do the marketing/advertising after all. Within the context of convincing the clients, what are some of the metrics and methologies to measure the efficiency of marketing and advertising in virtual worlds?"
I really wanted to know the answer because with my background in Web 2.0/Media, I needed to know how things are different in virtual worlds. Answers were basically that virtual worlds are a lot more about interactions themselves than information flow like on the Web. Also scales are far smaller in virtual worlds than the Web. Thus, we get smaller scale, but much higher engagement in virtual worlds. One of the most frequently used metrics are the amount of time spent by players around a certain advertising object. It could easily go up to hours and hours every day.
The session closed with a question, which I thought was very appropriate for closing, which was "what are some opportunities for enterpreneurs in virtual worlds?" Answers really varied. And when you get diverse responses like that, what that really means is "it's up to your imagination" :) Some of the answers were:
- Creating consultancies within virtual worlds
- Real companies/organizations can use virtual worlds as collaborative spaces
- More opportunities in developing countries because they can move in with so much less barrier-to-entry. Product designer/developers will have huge opportunities
- Turn the World Wide Web into the World Wide World
- Short term: Infrastructure - code developement, design skills, creative (story lines)
- Long term: any job you see in real world will be seen in virtual worlds
- Collaboration applications
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If you're keen on Web 2.0 and what the Web is like in Korea, you already probably know that at some point, I'll talk about Naver and the future of Google Korea at length. You just have to. Naver is known to own over 80% of Korean search market. But I never really experienced the power of Naver firsthand.
Until today.
I checked the referrers to my blog and saw a whole lot of traffic being directed from Naver blog search. I was basically like, "What? For what?
The key search term that led the traffic to TechnoKimchi was "What goes around". The search would land at the article I wrote few days ago called "What goes around comes around." It happens that "What comes around" is a title of a song by Justin Timberlake. Apparently many Korean Web users love the song.
Here's the list of search terms for my blog.
And here's the snapshot of Naver search results on "What goes around".
Search engines are so crazy. I was able to attend the Search Engine Strategies Conference in New York back in April. And trust me, it was HUMONGEST. It had 3 floors of booths. At the core were the search giants--Google, Yahoo, MSN, and Ask. On the side were some other little search candidates like Looksmart and Hakia. And the rest--the "majority" might actually be a better term here--were search engine optimization companies. They would help you get the most ROI on search engines and search marketing. Indeed, there was a huge amount of money going around. If the online advertisement market alone is projected to pass the TV ads market within next few years, this is so obvious. And scary.
Due to a complete different Web dynamics in Korea, very very different SEO strategies are applied here. But that deserves another series of posts, so I'll just leave you at this for now.
Some video clips from the Search Engine Strategies Conference (I talk in Korean in these videos as I go up each floor):
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Until today.
I checked the referrers to my blog and saw a whole lot of traffic being directed from Naver blog search. I was basically like, "What? For what?
The key search term that led the traffic to TechnoKimchi was "What goes around". The search would land at the article I wrote few days ago called "What goes around comes around." It happens that "What comes around" is a title of a song by Justin Timberlake. Apparently many Korean Web users love the song.
Here's the list of search terms for my blog.
And here's the snapshot of Naver search results on "What goes around".
Search engines are so crazy. I was able to attend the Search Engine Strategies Conference in New York back in April. And trust me, it was HUMONGEST. It had 3 floors of booths. At the core were the search giants--Google, Yahoo, MSN, and Ask. On the side were some other little search candidates like Looksmart and Hakia. And the rest--the "majority" might actually be a better term here--were search engine optimization companies. They would help you get the most ROI on search engines and search marketing. Indeed, there was a huge amount of money going around. If the online advertisement market alone is projected to pass the TV ads market within next few years, this is so obvious. And scary.
Due to a complete different Web dynamics in Korea, very very different SEO strategies are applied here. But that deserves another series of posts, so I'll just leave you at this for now.
Some video clips from the Search Engine Strategies Conference (I talk in Korean in these videos as I go up each floor):
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