The virtual goods economy is roaring, growing in adoption and importance, and making the branded product or gift a powerful social media marketing tool. Members of virtual worlds are purchasing virtual goods for self-expression, social status, or to gain advantage in game play.Â Companies, including Kohlâ€™s and Sears, have witnessed success by creating virtual boutiques and selling branded virtual goods and apparel on sites such as there.com, Zwinky.com and Stardoll.com.
With widespread adoption of social networks such as Facebook, virtual goods have found a new purpose and home. In these social networks, sending a gift to a friend has become a form of communication. Virtual gifts are self-selected – a user chooses to give a virtual gift because it appeals to their own or their friendsâ€™ interests, making them highly targeted.Â This is where brands come in. Continue reading “Thanks for the branded virtual gift!”