Smart companies know well that, like the internet, the metaverse will eventually become an integral part of the business. As people become addicted to the metaverse, they would like to meet, play, shop, and hang on in it.
In short, the metaverse will have a massive impact on life and hence the business.
That’s why big companies like Nike, Gucci, Samsung, Facebook, and others are paying full attention to the metaverse. They are building tools, equipment, games, NFTs, and much more.
Not only big companies but intellectual developers and programmers also contribute a lot individually to building metaverse.
Here is an exciting thing; Researchers and analysts have found that some business opportunities will get massive attraction in the metaverse.
We have discussed all those metaverse business opportunities so that you could also start your business in the metaverse to earn money.
The great thing is that it doesn’t cost much to start your business in the metaverse. For instance, if you are a coder, you can invest your time to build a web3 game, a decentralized app, or NFTs; such things don’t cost anything.
But if you have a sound budget, you can pick even more revenue-generating opportunities in the metaverse. For instance, you can hire developers and programmers to explore creative metaverse ideas.
We have discussed the best possible metaverse opportunities for businesses and individuals.
So if you are a small business or an individual who wants to start a business in the metaverse to earn huge money, here are the life-changing metaverse business opportunities.
Decentralized metaverse social media
Once people acquaint with the decentralized digital world, they might not want Twitter to suspend their accounts and Facebook to delete their pages.
People in the next decade will love to use a decentralized social platform.
It’s also possible that Facebook and Twitter will build BlockchainTwitter and BlockchainFacebook, or some giants who are criticizing social media platforms will lead the world.
It can be you who get into this industry and start working on the world’s first decentralized social platform. This opportunity will become one of the best metaverse business opportunities.
Even if you don’t have millions of dollars to spend, you can still compete with giants. For instance, if you have a firm grip on coding and some fascinating ideas, you will eventually become a brand like Facebook. Facebook, Google, and TikTok are all ideas in the coded form. And it took them years to decades to reach here.
Decentralized metaverse websites
Vitalik Buterin is discussing .eth domains these days. It means he will also focus on providing people with decentralized hostings soon.
So that people could build or engage with decentralized websites.
It’s too early to say anything, but once people get habitual of the metaverse, all other forms of the internet will fade out.
If you have plans to start a business in the metaverse today, this business opportunity can make you a metaverse pioneer in the hosting industry.
Metaverse gaming business opportunity
Here is why gaming is one of the best metaverse business ideas.
According to Statista, video gaming is expected to be a $268.81B industry by the end of 2025.
People spend billions of dollars on gaming.
Players got crazy with PUBG, where they were virtually part of the game. They could interact with one another, say friends and fellows, and even fight.
It caught so much interest that gamers got crazy about PUBG.
What if you tell a player that he can feel everything he was doing in the game and interact with friends – hence every experience can be virtual reality. Only a PUBG lover can understand how madness it can create.
This craze will get the gaming industry to explode in the metaverse.
I believe gaming could be the most successful industry in the metaverse. Meta might focus more on gaming than advertisements in the metaverse.
Although entertainment and business industries will give gaming a tough time, they might not touch it in the first decade.
So here is what you can do.
In the gaming industry, you can build amazing games that people get addicted to and want to feel in the metaverse.
As in the metaverse, everything will be connected and decentralized, so even you could sell your non-fungible tokens in others’ games too.
For instance, you can build fancy cars for the metaverse players. You can charge your cars.
Entertainment industry and metaverse
The entertainment industry (excluding games) could be the second-largest industry in the metaverse. That’s why it’s also the best business idea for the metaverse.
You might say that gaming is also a part of the entertainment, but this is how we feel today. In the metaverse, everything will have its own identity.
Entertainment will be a huge industry where people spend time and money and hang out with friends.
Imagine attending a concert or watching Avatar 3 with your favorite characters (how much would I pay for the ticket? OMG – it’s insane) with your friends in the metaverse.
What can you do for entertainment?
It’s all up to you.
What you can do today for the entertainment industry will be able to do tomorrow in the metaverse.
But the thing is to get ready for it. Attract more people online, and give them a more natural experience in this decade so that you won’t need to spend considerable amounts to market your business in the following decades.
Business Industry in the metaverse
Businesses will also get huge benefits from the metaverse.
Let’s understand it with this example.
You might know how virtual meetings have impacted the business industry. You don’t need to go to a place to attend the meeting; you can do it in your bathroom (using virtual background).
What if we extend it to augmented reality?
You don’t need to look at the screen; you are sitting in the meeting room, discussing everything as in an actual meeting room.
What if I tell you that you don’t go to your office but are experiencing the office environment in augmented reality? You are being watched, doing work and all that at your home. Isn’t it incredible?
In short, the metaverse will revolutionize business.
So in AR/VR, here are the business opportunities to start with.
You can create a metaverse particularly for businesses and companies to meet their needs and solve their problems.
Your metaverse might have a great work environment where you give them control over many things but take the main responsibility to keep things smooth; it will be pretty similar to offering your SaaS or PaaS to businesses.
Land business opportunities in the metaverse
It’s one of the most trending businesses for the metaverse. There are tons of tokens offering you land in the metaverse.
As we can see, the metaverse will be similar to our universe, so people will also use its land as we do here on earth.
Say they will trade with the land, rent, or use it for advertising your business.
Some companies have started offering lands even before we could see the metaverse. Here is how to buy land in the metaverse. If you purchase today, I can still expect that it will take a decade to see the full potential of your land in the metaverse.
The marketing industry and metaverse
The other significant change I can imagine is in the marketing industry.
As we have already discussed many times, the internet has revolutionized marketing. Isn’t it so?
What if you could even feel the stuff you are exploring, see Tony Robbins or Brian Tracy sitting in front of you and teaching you some great lessons? How effective is that going to be?
You got the point.
The marketing industry will become even more effective than ever. Whatever you are doing today in marketing, you would be able to do in the metaverse.
So what can you do today?
For instance, you are a digital marketing expert. You should start learning it deeply and find the best practical ways to market stuff.
It will even help you more in your current state of business.
Virtual goods (NFTs)
If I tell you that people will buy virtual goods like the real ones, you won’t believe it, so here is an example.
Do you know people spend money buying virtual goods in the games like PUBG? Do you think people should spend money buying a pigeon that will sit on their shoulders in the game?
The same will happen in the metaverse, but it will be beyond your imagination.
People will buy land and build houses; they will often destroy and reconstruct, and purchase virtual goods, say furniture, paintings, and other things to decorate their homes. They will host parties in their houses and much more.
So you will get a huge opportunity to sell NFTs.
NFT is one of the business opportunities in the metaverse that appeals to me. I might get in to in my way.
If you don’t understand NFTs, here is an article to understand NFTs.
Manufacture gadgets for the metaverse
Earlier, we discussed what you could do in the metaverse. Here comes the most prominent business opportunity you can avail yourself of in this decade.
It’s a fact that we will surely see web 3.0 in the following two decades. But surely people would need unique gadgets to enter into it.
People need a smartphone to experience Facebook. The gadgets to experience the metaverse will be different.
Mark Zuckerburg says they often limit their apps to meet smartphone compatibilities, but they don’t want to set boundaries for AR/VA.
You can get into this industry to build less expensive, more advanced gadgets for the metaverse. If you could create even a single thing, it would be hard to meet the demand for that thing until you find good competition.
Launch a metaverse cryptocurrency
Metaverse will be decentralized so that people will use digital currencies out there.
You can build a coin that people could use in the metaverse.
You might think there are many coins in the market; why would someone like to use yours?
Give them a reason.
For instance, more quick, cheap transactions?
Build your metaverse
The last big business opportunity I can see in the metaverse is to create your metaverse.
Metaverse is augmented reality; it will be like an extendable universe. People would be able to keep it expanding. But everything will be connected.
For instance, you would create your city and give people a reason to come and live.
There are already many companies working to build a metaverse. The next one could be your company.
You might think, as big giants like Meta are working on the metaverse, how can you compete with them? People might not use your metaverse.
If the same thoughts had arrived in every entrepreneur’s mind, we might have never seen any new platform and technology.
In short, if you want to start a business in the metaverse, don’t overthink. Create an appealing idea that can solve users’ problems and take a calculated risk.