So, you’ve got your VR business up and running. Now, how do you get customers excited and walking through your virtual (or real) door? It comes down to a combination of creating an outstanding brand, marketing online, and holding events. Below, we explore roughly how much it can cost:
1. Brand developmentSimple logos may start at
about $300, business cards—about $50. If you’re aiming for a really polished look and want to work with a full-service branding agency, costs can start around $2,500 and reach well
over $10,000. Developing brand visuals (color palettes, typography, and brand guidelines) can cost
up to $70,000.
Note that VR business brokers franchise cost for branding is way lower than that of an independent startup.
2. Digital marketingTo get your VR business seen online, you’ll need a website. It is your 24/7 digital storefront. Costs depend on how fancy you need it to be: for a straightforward informational site, think
about $500–5,000; for a custom one with special features—$30,000 or more.
Then, make sure people can find your website on search engines like Google. Monthly SEO packages run from $1,500 to $2,500. For more comprehensive local SEO, you might spend more.
You’ll also want to connect with people on platforms like Facebook, Instagram, and Twitter. Budget for ad spend (
$850 to $2,000 per month) and ad management (
10–20% of your monthly ad spend).
3. Events and promosExhibiting at trade shows can really boost your brand’s visibility, but that’s expensive. Just
renting a 20×20 foot booth space could set you back around $12,000. And that’s before you add travel, marketing, and other costs. Alternatively, you can run a promo and create some buzz around your product. With this option, you will likely see bills of
around $300 to $600 per guest.