By Prime Star 
There are some who talk about Virtual Reality (VR) as if it’s going to heal and fix the world. However, it has been around for more than a few years, and it’s yet to see the mass adoption we’ve come to expect. Meta has sunk billions of dollars into being a pioneer, and while they’ve had some success, their products haven’t had the same transformative effect that ChatGPT has had for the AI world.
A few years ago (2022), the global VR market was valued at about $60 billion. However, projections from Grand View Research indicate that within the next five years, it will be a $435.36 billion market. Given this reality, it’s clear that there’s plenty of scope for the entrepreneurial-minded. In this article, let’s look at a few interesting ways you can use VR to be more than just a fun gadget.
This option is great if you already have experience working out or are trying to become a personal trainer. Fitness is a big priority for a lot of people who are also trying their best to stay motivated in their health journey. Interestingly, it looks like VR fitness lessons are helping people in this regard.
Research has found that VR-based exercise participants showed significant reductions in BMI (-2.6%). Even body fat mass showed a -5.3% reduction along with decreased hip circumference. During the follow-up one month later, the VR group was the one that had higher physical activity levels when compared to the control group.
That said, VR headsets are still relatively expensive, and people are always on the lookout for great uses to justify their purchases. If you can get people to take physical coaching with you, you instantly unlock a new source of income.
Of course, there are some limitations, as wearing VR during weight-lifting can be a bit of a logistical problem. However, for many other forms of fitness, such as bodyweight-based, cardio, and Zumba, it can work perfectly.
This is another great business option with minimal complexity in terms of setting things up. You are operating on the fact that most people don’t want to drop $500 to $650 for models like the Meta Quest 3. If you can acquire a collection of VR headsets and set an attractive pricing structure, you can earn considerably well.
Of course, you’d also need the core essentials for any new business. A good website is a must, but that isn’t too difficult to set up these days. As Hocoos explains, you can have your own website up and running in a matter of minutes with the help of AI website builders. You simply answer a few questions about your needs, and AI takes care of the rest.
Likewise, good insurance is another must because if equipment gets damaged by a customer, it can be a serious hit to your business. To be specific, you’ll want liability insurance that covers damages from drops, scratches, theft, and damage in transport. From your side, having some sort of security deposit and clear rental terms is also going to be a hard requirement.
This one might take a little more effort when compared to being a fitness coach, but it’s probably the most lucrative option. Corporate companies across the country and the world are always trying to invest in the latest thing. Sometimes, it’s just to have a talking point and a one-up on their competitors. However, at other times, these initiatives end up becoming the new norm.
VR training services, where you create a system that helps companies train new workers in their own unique roles and environments, are a critical requirement. Millions of dollars are spent every year to ensure workers meet company standards, and VR has the potential to streamline and make this process far more uniform and standardized.
Unsurprisingly, there are already people who have spotted this opportunity. Moonhub, a London-based VR training platform founded by three people, managed to raise $1.4 million in funding. Dami Hastrup, one of the founders, states that their clients include everyone from corporate and security to even names like Amazon, Just Eat, and Mitie.
All things considered, these are just some of the ways you can use VR to start making money. The field is clearly ripe for the picking, so if you even have half a mind to explore it, now is the time. Competition exists, but we’re still very much in the early stages of adoption. Wait too long, and you’ll end up wishing you had taken action sooner.
YOU MAY ALSO LIKE: From Concept to Creation: Transforming Your Production Line With Cutting-Edge CAM Software
Bemi Brooks