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Insights

6 Ways Micro-Influencers Will Increase Your Sales In 2018

on June 3, 2018

Everyone is talking about it, most brands have tried it, and others remain skeptical. What is it? Influencer Marketing. The current buzzword and latest social media marketing trend is a popular way to grow brand reach, social media following and most – importantly, sales.

What Is Influencer Marketing?

Influencer marketing is a word-of-mouth marketing strategy that involves identifying and engaging with influencers and their followers by sharing content, thoughts, and opinions online about a brand’s products, services, and experiences. As mentioned, many big brands rely on the use of influencers and have taken full advantage of its provided success. Daniel Wellington, Frank Body, Triangl Swimwear, Coachella, … just to name a few who have reaped the benefits.

 

Depending on your brand, your campaign objectives, as well as your budget, that will define what type of influencer you decide to partner with. There are three types of influencers: micro, macro, and celebrity.

How Micro-Influencers Can Increase Sales  

TapInfluence partnered with Nielsen Catalina Solutions in 2016 which revealed that influencer marketing generates 11 times the ROI of traditional digital marketing. So… just exactly how can micro-influencers increase your sales?  Check out our 6 ways that micro-influencers will increase your sales in 2018!

Reach

By selecting the right influencers, you gain access to their niche following base.

Believe it or not, it can be better if your influencer’s audience it relatively small, especially if you have a specialized product offering. You want your influencers to reach audience members who are most likely to participate in the call-to-action and become your customer. By utilizing a micro-influencer campaign, you are able to reach a new set of users who would be interested in your product but might not have otherwise known or shown interest in your brand without being backed by a credible influencer.  

Brand Messaging

Partner with a micro-influencer that resonates with your brand. You will want to find an influencer whose audience isn’t so large that your message will get lost, but also large enough that your message will reach potential qualified leads.

Developing your brand message is crucial for awareness, therefore, you want it to remain consistent even throughout the influencer marketing campaign process. Although you want the brand messaging to remain the same, don’t restrict the influencers access to creative control. They know what their followers best engage and interact via certain language and design, and they too need to remain authentic.  

Trust

Successful influencer marketing depends on trust. Influencers are known to have their followers best interests in mind when posting, which makes them credible and trustworthy. Typically, consumers trust their peers and the recommendations they provide, hence why brand marketers are turning to influencer marketing. This is because micro-influencers remain unbiased as the relationship is based off similar beliefs and values and not-necessarily a paid advertisement, whereas a celebrity-influencer receives compensation for their posts. Trust isn’t only found in the influencers, due to this strategy is also establishes consumer trust for a company.

Loyalty

Influencer marketing allows for brands to build loyalty through influencers themselves. By choosing an influencer who personally reflects the brand’s values, the organization can leverage that influencer to increase customer loyalty.  

Trackable Sales

Tracking sales can be difficult to begin with, and adding in an influencer marketing campaign just makes the process even more complicated. This is because the sales cycle can extend beyond just the campaign, making continual tracking essential for measurement and results purposes. There are a few ways to track influencer marketing-powered sales via UTM parameters such as comment to buy, tracking pixels, x-hour window, retargeting, promo codes.

Engagement

Research conducted by PWC shows that revenue growth is tied to customer engagement. With micro-influencers, you are guaranteed to have higher engagement. Another study by HelloSociety revealed that micro-influencers are able to generate 60% higher engagement than other traditional means. Due to the strong relationship and sense of community established between the influencer and their followers, they are more likely to interact with posts. Engagement is created through consistent communication with their followers. Engagement can be measured by reviewing social analytics such as clicks, likes, reactions, shares, comments, and mentions.

Influencer marketing is truly a growing and effective trend. If you haven’t done so already, definitely explore this marketing strategy for your brand. To recap, working with a micro-influencer to promote your products provides you with access to a larger reach, strengthens your brand messaging, builds trust and loyalty, provides you with trackable sales, as well as increased engagement levels. When you’re successful complete with your micro-influencer marketing campaign, you will have boosted sales.

Want to know more about this topic and how to get started with your own campaign? Reach out to our friends at Socialpeeks, as they promise that the “results of influencer marketing have shown to have one of the highest ROI of any digital marketing activity”.

 

Author:

Brooklynn Boyer is Marketing Director for Socialpeeks, a marketing technology company that runs wildly successful influencer marketing campaigns with the help of its campaign management team. Visit www.socialpeeks.com to learn more.

Insights

Choosing a Domain Name That’s Right for Your Website

on June 2, 2018

Before your new site can take the web by storm, you’ll need to decide on a suitable domain name. Unfortunately, this is often easier said than done. Whether this is their first site or one of many, a fair number of site owners fail to put in the proper amount of effort when selecting domain names. Tackling the name selection process with a lackadaisical attitude can have a number of far-reaching consequences, most notably low search engine rankings and confusion on the part of visitors. Luckily, choosing a name that perfectly suits your site doesn’t have to be an uphill battle. Putting the following tips to good use will ensure that your site receives the domain name it deserves.

Utilize Relevant Keywords

When creating a domain name, it’s important to give prospective visitors a solid idea of what your site’s all about. This will help keep confusion to a minimum and improve your chances of receiving a favorable search engine ranking. For best results, choose words that emphasize the specific field your sites cater to and any services you may offer. For example, if your site is meant to promote a hamburger restaurant in Austin, TX, your domain name should be something along the lines of “BestBurgersAustin.com” or “AustinBurgers.com.” In the search for premium domain names, the importance of clear-cut keywords cannot be overstated.

Keep it Short

In the digital age, people are bombarded by information from all fronts. Whether surfing the web, watching television or checking social media, most people are constantly processing new info at a relentless pace. That being the case, it’s in your best interest to keep things brief when deciding on a domain name for your website. Not only will this make your domain name easy to remember, it will ensure that it can easily be typed as well. For best results, make a point of limiting your domain name to no more than three words. Additionally, if possible, make these words as short as possible. The shorter the name, the more likely it is to make a lasting impression on prospective visitors suffering from information overload.

Limit Your Use of Symbols

In the quest to create a catchy, concise domain name, take care to limit your use of numbers, hyphens and other symbols. The inclusion of any of these items can make domain names very cumbersome to type, thereby increasing the likelihood of typos and misdirected visitors. Regardless of what area of interest your website serves, odds are it has its fair share of competition – and prospective visitors won’t hesitate to hit up one of your competitors if accessing your site becomes a chore. While it’s true that a small number of successful websites have domain names that break this cardinal rule, these represent rare exceptions.

Choosing the right domain name can seem like a daunting prospect, particularly for first-time site owners. However, with the right tips at your disposal, this doesn’t have to be the case. Keyword integration, brevity and the exclusion of unnecessary will all serve you well in your efforts to craft the perfect domain name.

Martech

How to use live videos to grow your business

on May 25, 2018

An important element of crafting a winning content marketing strategy is live video. The tribe of content marketers leveraging Facebook live video and YouTube live streaming is multiplying. This can be attributed to the fact that YouTube has an estimated 1.5 billion active monthly users and stands second to Facebook. Facebook has an estimated 2 billion active monthly users. The numbers are colossal!

Can live videos be used to grow and build a business? Yes!

According to Facebook, users are 3 times as likely to watch a live video as compared to a non-live video. Facebook live video and live YouTube streaming can help you generate business leads, acquire new customers and retain the existing core base.

According to Statista, Facebook live and YouTube are the go-to platforms for streaming live videos. Let’s look at the state of live video streaming platforms.

Platform

Preference Percentage

Facebook Live

17%

YouTube

16%

Snapchat Live Stories

12%

Periscope

9%

Twitter

9%

YouNow

8%

Others

5%

Here is an informative account on how to use live videos to grow your business and make money live streaming.

#1: Host a live session

Thinking of hosting an on-location event?  Have you finalized the venue? Have you taken overhead costs such as food, transportation, stationery (books, pens, etc.), etc., into consideration?

Here is a simple and cost-effective solution – Broadcast live so that you can do away with over-head costs. Only a small number of your audiences will be able to join you for an on-location event. By hosting a live session, you can target a big chunk of audiences.

#2: Answer questions

Content marketers and influencers are known to write informative and insightful blogs. Audiences may post their queries and concerns in the comments section. It may take a day or two for the influencers to answer all the questions. Sometimes, it may take a week. In all likelihood, questions may be repetitive and extremely complicated. Providing lengthy answers is not a viable solution. Lengthy blog posts and answers can eat up your valuable time.

Shouldn’t customer service be top-notch? If yes, how should you ration time between doubts clarification and promotion? YouTube live streaming and Facebook live video are here to help.

You can use Facebook live video to host a Q&A session. This encourages audiences to tune into live video sessions. They can get their doubts, concerns and issues addressed sans any delay.

#3: Give audiences behind-the-scenes videos

Audiences are keen on learning about how you work. They want to know more about your core competencies. They want to know how you treat your employees. Introduce your staff to your viewers. If you give your audiences an inside look at your business, they are likely to be delighted.

Let’s say you make ice creams and dairy products. Dairy industry in the US is messed up completely. Cows are exploited a big time. For all intents and purposes, your business can be a first class exception. You can show your customers how you treat and how much you care for animals. You can broadcast the entire quality inspection process. 

Such videos can improve customer confidence in your brand and boost your sales

#4: Conduct live tutorial sessions

I use Facebook Live to explain complex processes and methodologies. I have expertise in using Adobe Photoshop. I organize live tutorial sessions to explain how to efficiently use Photoshop software. ‘

I also maintain a Facebook group and more often than not, I give free mini-courses to the members.

Audiences may not be receptive to lengthy blog posts. However, they connect well with live videos.

#5: Host Product / Service Launch sessions

Thinking of launching a brand new product/service?

People go crazy during product launch sessions. This is one of the reasons why Apple announces new product launches, upgrades, and redesigns by hosting live sessions. Check out Apple’s archive of product launches and services. You will gain a mountain of knowledge!

#6: Promote your scheduled events

Still using Twitter to promote your upcoming events? There is little harm in resorting to traditional techniques. But did you ever think of using live videos? Create a post to keep your audiences informed on your special announcements. When you go live, unfold the specifics and details of your upcoming event

Don’t forget to share your easy-to-remember URL. It is likely that viewers may not have enough time to write it down. It’s best to post the link in the comments section. It’s easy to create easy-to-remember URLs. Use tools like Bitly.

#7: Generate huge product pre-launch buzz

For all intents and purposes, you can bet your chances on YouTube live streaming to generate huge product pre-launch buzz. Let’s say you have a shipment of an innovative product which is yet to hit the markets. Tease your audiences by using a live video. By teasing your audiences, you are building excitement.

Provide a link to take pre-orders. If your prospective customers have any doubts, clarify then and there. Capitalize on the excitement!

#8: Share breaking news

Be the first one to share industry relevant breaking news. Share your opinion(s) on how exciting or terrible the news can be. Tell your audiences to keep viewing your timeline for updates and events.

#9: Go live with an industry influencer

Invite an industry influencer or an opinion leader. Do a live interview with him / her. Your leads are likely to multiply.

Final Thoughts

It’s important to focus on the quality of live videos. Purchase a tripod and a stabilizer to stabilize your videos. Shaky content is loathed by audiences. If you are keen on doing live streaming with a smartphone, invest in a tripod mount. And yes, optimal lighting is also mandatory. Purchase a portable LED lighting solution. Nobody likes dark and poor quality videos.

Found this post useful and insightful? Keep watching this space for more informative content on Facebook live video and YouTube live streaming. Cheers!

Software
Startups

Awesome Tips to Create a Distraction-Free Tech Team

on May 8, 2018

No matter how hard we try sometimes, we just can’t seem to find enough time to handle all of our work-related and personal responsibilities throughout the day.

Distractions are running rampant in our society with the advent of email, smart phones, social media, and so many other technological advances that seem to suck up our time.

If it’s not one distraction vying for our attention it’s another.

You’re probably tired of your phone and text messages coming in at all hours of the day and night. Are clients always emailing looking for status updates?

It’s time to learn how to navigate these major distractions. But how do we do it?

This isn’t going to be easy, but you can learn how to focus, get in the zone, and eliminate distractions so that you can stay there when you need to be productive the most.

How to Use Time Blocking to Get in the Zone

At regular intervals in our lives, we have these large lists of responsibilities that we have to accomplish. And no matter how hard we try, we never seem to make a dent in them. The responsibilities keep piling on and there is never enough time to get everything done.

Or is there?

Maybe you just aren’t using your time wisely. Maybe, if you focused on a concept called time blocking, and eliminated your biggest distractions for a short while during the allotted blocks of time, you’d have an easier time completing projects on your to-do list.

What is time blocking and how does it work?

First off, add everything on to-do list to your favorite digital calendar, an online time clock like Clockspot, or put it in a physical date book if you prefer to have a hard copy.

By doing this, you will have allotted a specific date and time to complete each one of your most important action items on your list. Make sure you’ve blocked off enough time to complete each specific item.

Why schedule my to-do list on my calendar?

By putting it on your calendar, you’ll realize in your subconscious that these tasks are important enough to schedule them. So you will take them seriously and work on them in a focused, less distracted manner.

If you truly want to enter the zone and accomplish amazing things in very little time, you’ll avoid your biggest distractors and begin working on your calendar full of important tasks without any interruptions.

Work on the Tasks That Are Most Important First

As you look over your to-do list, there’s no doubt that a few key, important tasks are going to immediately jump out at you.

Everyone’s list has things that they want to get done and things that they absolutely have to get completed, no if’s, and’s, or buts about it.

As an example, let’s say you need to set up a crowdfunding campaign. You’re using the site to raise money for a vacation that you desperately need to relax, unwind, and regroup.

Since this is such a big priority in your life right now, you should add to this task to your calendar first. That way you’ll be able to focus on it immediately.

When you work on your most important tasks quickly, you’ll feel a lot less stress because you’ve eliminated these challenges from your to-do list.

Plus, you’ll even have more time available to take care of the less important items on your list. Or you can just kick up your feet and take a break for a little while because you deserve it!

Development

How Live Streaming Platforms Are Spawning New Industries

on May 8, 2018

A lot is written about the effect that the streaming era might have on television. The widespread assumption is that a growing variety of streaming options are giving birth to a generation of “cord-cutters” who will ultimately dismiss television (and perhaps movie theaters as well) entirely. The data backs up the idea. A 2017 analysis revealed that while the transition is somewhat slow (a predicted decline of 1.5% a year in cable subscriptions over the next decade), it is happening. The notion of conventional viewing entertainment may look very different in a matter of years.

What we don’t spend as much time writing or talking about however is that the emergence of “streaming” as its own portion of the Internet is also spawning new entertainment industries altogether. It allows those who enjoy television, film, gaming, etc. to have more control over what content they access, and in some cases, it even enables closer interaction with that content.

The clearest examples of this can be found in some of the newer streaming options that have become available to consumers. YouTube TV may be the first that comes to mind – a platform that essentially operates as a more comprehensive version of Sling, providing a variety of cable channels, as well as a very robust DVR system to its users. However, while YouTube TV is certainly one of the more competitive alternatives to cable, it’s also a fairly basic concept already. It’s an adaptation more than a new concept.

We can look to more niche streaming options as indications of new industries, per se. For instance, one of the most recent to come about is ESPN+. Faced with a rapid change base of consumers with a variety of different preferences, ESPN introduced this platform not as an app version of its TV network, but rather as a sort of catch-all for interesting, streamed sports content. Users signing up for the service can enjoy everything from live games to, for instance, a new exclusive program in which ex-NBA star Kobe Bryant breaks down the tactics of a recent basketball game. Again, it’s less a version of the ESPN you can get with a basic cable package (or YouTube TV or Sling for that matter), and more an alternative form of streaming sports content.

In other areas, streaming platforms are also enabling fans to take part in the action rather than simply choose what action they’re seeing. Most notably, live streaming has become a very significant part of the online betting Singapore and others in that industry. Through platforms like YouTube and Stitch, as well as those dedicated to specific sports, games, or activities (like, say, horse racing or poker), live streaming is able to create a gaming experience that’s almost as good as being in the thick of it. In this instance, not only can fans choose their content and access it live – they can use that real-time access to make informed betting decisions on the content, should they so choose.

Taking all of these developments together, we begin to see the emergence of new industries spinning would-be television content (or in some cases events that are simulated or would never have been on TV before) into specialized and/or interactive entertainment. Streaming platforms, ultimately, have the power to give each individual almost exactly what he or she wants out of viewing entertainment. And we’re starting to see things moving slowly but surely in that direction.

Development

ECommerce Website Development Steps to Help You out Developing a Successful eCommerce Site

on May 3, 2018

Time and Tide wait for none and so is the case with the increasing trend of purchases from an eCommerce website.  According to an estimation, there have been 1.66 billion people from across the globe who made the online purchases from a different eCommerce website. Based on this trend, there has been a projected growth of 4.48 trillion USD by the year of 2021. Obviously, these figures are capable enough to enchant the big names to go live to expand the reach of the customers but it is equally important to ponder over some criterion that makes your eCommerce website development a successful and fruitful venture be it the user experience or the overall performance of your website when it goes live.

Here are some intuitive tips that will definitely help you create a custom e-commerce website of your dream.

  • Enchanting Design responding exactly to the visitors:

The simple message that I wish to convey here is that while you are planning to create an eCommerce website, it is inevitably crucial to take care of the Responsiveness of your website be it to a mobile device, desktop, or a tablet. It has to be so mainly because, according to a survey, 62% of mobile devices users have preferred to make their purchases through Smartphone in the past few months and the same trend are still expected to grow in numbers.

Hence it is more advisable to equip your website responsive using effective CMS platforms to make your website Smartphone user-friendly in order to grab a maximum number of customers for the products or services you are offering online.

  • Checkouts:

The most successful online businesses are expected to have the complete details of the visitors visiting their websites and for it, they need to create an ideal checkout funnel with which one can access to the information of the visitors for future follow-up and/or for the communication of new products launches.

However, every customer may not prefer to register at your website or may avoid the filling up process. And hence, it would be ideal to design the Purchase Process in such a way that the customer is required to fill the necessary details and creating an account on your website (guest purchase).

  • Ideal Site Search Options to glide through the website:

It is interesting to note here that when a visitor lands on your website, he would first prefer to go to the Search Option to select the product of his/her choice. Hence, it is desirable to equip your e-commerce website with Product Search Option with automated details filling facility which will ease the comfort of the visitors. This functionality will definitely reduce the pain of their search in terms of the size of the product, color, category, price range, availability etc.

  • Strong Security Checks:

Before you boost your e-commerce website marketing strategy, this aspect is very crucial to be taken care of. Because every individual making an online purchase expects that his/her personal information relating to his debit/credit card, bank account number, and password are secured with proper encryption of the data he is submitting online. For this, your website is required to be equipped with SSL (Secure Sockets Layer) which ensures the encryption of the data. This feature on your online website will help you earn the trust and loyalty of your customers.

  • Well Optimized Performance:

What if your e-commerce website does not act as it is expected to perform. It is the most common experience of major website handlers that when it takes too long to load a website, then the possibility of the switching over to another is always greater. And you need to take care of this element mainly because of the multi-tasking trend prevailing among today’s mobile devices users.

This load time issues can be eliminated by:

  • Combining the CSS files to boost the speed of the website in respect of the load time your website is taking.
  • In the same, graphics or images should be compressed to a comparatively small size as it would also help in reducing the load time.
  • Proper management of the data transportation between the website server and database server.

There is a law in economics, that as the demand increases, the price for the same goes down and I would love to add to it considering the current mindset and time that as the Demand increases the multiplicity of choices increases and every business needs to cope with this with an ideal e-commerce website that matches rightly with the expectations of an end-user.

Products

How Smart Locks Are Changing The Industry

on April 21, 2018

Smart locks are electronic locks that are connected to smart devices. These locks are typically equipped on external doors, or those that separate the interior of a home from the outdoors. 

In most cases, smart locks are attached to the deadbolts of standard locks, allowing both traditional, physical keys and their electronic, “smart” counterparts to unlock the doors they’re attached to. However, some smart locks are only able to be opened with smart devices. 

Smart locks don’t let just anybody inside. Rather, smartphones, tablets, and computers have to be configured before using smart locks. In most cases, an application or software is downloaded onto a smart device. Logging onto those programs grants access to the smart locks they’re connected to. System administrators – parents, for example – can grant temporary authorization to guests or lower-level users – family members or children, for the example’s sake – as well as permanently add users to their smart locks’ configurations. 

What if the homeowner’s device breaks or is misplaced – can locksmiths gain entry to smart locks? 

Most smart locks are supported by secure, encrypted, Internet-based access platforms. If the only system administrator’s smartphone gets waterlogged and stops working, a locksmith can still pick or drill that lock manually as long as it has a keyhole. 

For the rare few smart locks without keyholes, system administrators can call the customer support line maintained by the device’s manufacturer to temporarily gain access to the smart lock or disable it entirely. Homeowners, renters, and people who are otherwise system administrators of their residences’ smart home networks must prove their identities to these support lines, usually carried out by answering questions that only those people could answer correctly

Insights

The Ultimate Warning Signs Checklist of A Low-Quality Web Host [Infographic]

on April 20, 2018

While mistakes are a part and parcel of doing business, some mistakes can cost you more than others. As an ever-evolving landscape, the online world is full of opportunities that can help make your business a profitable niche. However, for you to achieve success, you need to ensure that your website is built on a robust CMS, have a good domain name and has a reliable web hosting. Thus, one such common mistake, which if not rectified can negatively affect your site’s ROI is a poor quality web hosting.

A good web host is important in order to improve your site’s speed, which will help enhance user experience leading to improved ranking. It will also help improve your website security by providing you with a safe and secure framework. Additionally, it will help make integration of new software on your site easy and provide essential features like daily backup, 1-click installation and more, which will further aid in keeping your site one-step ahead of your competitors.

However, choosing a reliable web host can be a challenge, simply because there is a wide range of hosting providers to choose from. This makes the task of selecting the best from the lot difficult as mostly all claim to be the best while offering you ‘unlimited’ everything.

Thus, if you are facing this dilemma and are not sure which is the best hosting for your website then check out this web hosting warning signs infographic that will help you make the right decision. This infographic can be used as a checklist by both – those looking to purchase a web host as well as those who have already purchased one.

Comprising of 21 warning signs, this checklist will help you steer clear of terrible hosting service providers. As such, take a look at this infographic and make the most out of it!

21 Warnings That Indicate It’s Time to (Switch) Your Web Hosting Right Away[Infographic] by the team at Hostgatorcouponcode.in

Martech

Assessing Virtual Reality as a Viable Marketing Strategy

on April 16, 2018

No one likes to read papers anymore. They are considered by many to be a waste of time, energy, and money in today’s era of lightning-fast media. Why should you wait for the early morning newspaper when you can simply swipe your smartphone screen and get updated without having to get out of bed?

This is a groundbreaking change in consumer behavior which is being felt across the wide commercial sphere. Sensing this transition in public taste, marketers have decided to alter their promotional techniques, shifting from old-school tactics to technologically-incorporated strategies.

One such strategy is the use of virtual reality (VR).

People love watching videos online. It’s now something we can do at any place and at any time. Now imagine if we could interact with the video content as well. This brings us back to virtual reality.

VR is a computer-generated simulation which imitates reality and enables users to actually physically interact with the artificially created visual scenario. It’s nothing short of a thrill ride, which you as a marketer can easily monetize.

The main question then becomes: is VR the new marketing vehicle? If so, will it work? 

All about the Immersion

Looking at an image of new sports equipment is one thing. Getting the chance to virtually engage with the equipment in order to test it out is an experience of a whole other level. Which one do you think would attract more leads? The second option, obviously. Why? Because it builds a much more immersive and interactive connection with the product. And it is only possible because of virtual reality.

Potential Adoptions

Businesses are continuously looking for new ways to entice young people and to convert consumers into clients. To do so, they tend to rely on social media marketing, email marketing, and content marketing. But all of this is already being done by their competitors.

So how can they stand out and get an extra advantage? By changing their groove and adopting a new innovative technology, like virtual reality, into their strategies.

In what potential sectors can VR benefit the conversion rate and bring in profits? Take a look at the following industries which can possibly implement the VR advertising strategy:

  • Travel: With VR, people can experience luxurious flights over the Atlantic Ocean and into the heart of the sunset, the best an airline has to offer, right from the comfort of their home. Or they can travel to exotic places in an artificial simulation as a part of a travel agency’s ad campaign. How cool would that be!?
  • Real Estate: Virtual reality takes traditional home viewing to a whole new level. Now, you can check out new estates and get virtual tours of properties, even ones under construction, by simply wearing a VR headset and interacting with the sellers’ avatar. Imagine, seeing the house of your dreams in VR even before its creation! In addition to this, and speaking safety-wise, you can also check out the most optimal spots for installing your wireless home security cameras, where they won’t jut out and ruin the outlook of your home.
  • Retail: People love to shop, but they can’t practically travel to a foreign market just to buy that perfect pair of sneakers, can they? So what can they do? Visit the store in VR right from their plushy armchair, and then buy whatever they like using a simple hand or head gesture. Revolutionary, right?
  • Education: Reading up on concepts in books gets boring after a while, doesn’t it? What if you could walk through the lives of famous scientists and virtually see them at their work, or visit famous landmarks right from the classroom using VR? Wouldn’t this sort of learning experience stay with you forever?
  • Music: Watching a music video is all well and good. But being able to participate and interact with the video in virtual reality is a totally phenomenal experience for users. They’d be more than willing to buy such a track using their Xfinity deals, wouldn’t they?

Gear Restriction:

Although virtual reality sounds quite promising to many businesses, there are many who are still reluctant to adopt it. Why? The main reason is the equipment hassle and cost. It is still quite cumbersome to set up, even though it provides an out-of-this-world experience.

Thus, VR gives people a preliminary choice. It allows them to virtually test a product before buying it. To expand their experiential scale. To achieve the impossible using this technology.

Though it is still in its developmental stages, it seems to modify the sphere of marketing tenfold and projects it into a progressive future.

Development

Innovation in Legal Services and the Growth of Automation

on April 13, 2018

Legal professionals have pervaded every aspect of the lives of the common man, from businesses, or writing a will to going through a divorce or buying a home. However, this traditional image of legal services is all set to change with large scale disruptions through in the introduction of innovation and the growth of automation. The rise of the Internet has made consumers go online to seek advice and guidance on legal matters that were hitherto given by experienced lawyers. Hence to stay relevant it is necessary that the legal luminaries adapt themselves to the changing times.

What has made things easy for technology to bond with the current legal setup; is the tremendous scope for innovation in this field. Legal services that have recently changed little is now being forced to come out of its comfort zone. The rise in communication technology has led lawyers to outsource legal services and upload documents to experienced agencies seamlessly and in a fully secured environment. Consumers too have gained a better insight into the legal profession through online searches giving rise to concerns about fee structures especially among low-income groups. This has led to pressures for reduction of existing charges.

These factors have led to law firms exploring the legal support services market so that new innovations and automation can streamline the legal sector.

One of the ways that automation and advanced technologies will take over the legal industry will be the manner in which the courts function, in fact, the whole legal profession. The focus now is on local jurisdiction or domestic jurisdiction and even national jurisdiction. In the modern era of globalization all that is set to change. Businesses operate in a global environment and they would want a network where they can have easy local access to arbitration or dispute resolution. This is regardless of the country they are operating from.

The key here is that courts of the future will be connected and the concept of standalone courts will slowly pass into oblivion. A somewhat similar exposure of the legal profession to international levels was witnessed with the rise of external legal support services that provided impeccable and top quality legal backup to law firms from around the world. This was when these firms realized that to improve the bottom line, there was no alternative to outsurcing.

Today, a great deal of thought is being given to use Blockchain technologies and increase operating efficiencies of the legal sector. What will be embedded into the Blockchain; will be for example smart contracts, smart laws, smart regulations. It is quite possible that the judge might have to be an expert in coding apart from being an expert in law. The point then is that if innovation and automation have to walk together, a new set of training programmes and courses have to be structured that takes all these things into account.

However, implementing these new changes requires a radical and paradigm shift in the manner in which courts and the legal profession function today. Hence, the movers and shakers of the profession have to come together and decide on the future of law, future of courts, future of arbitrations and how these issues can be addressed.

Some of the areas where legal professionals have been forced to acknowledge current realities of innovation and automation are –

  • Ranking and review information – This was previously a very difficult proposition. But today, all details about the legal profession are increasingly available and clients can before retaining them assess the quality of their work. Similarly, law firms can evaluate the worth of external agencies before deciding to outsource legal services.
  • Online service delivery – The legal profession is increasingly taking the benefit of several online digital platforms currently available to serve clients based in remote locations with the same level of efficiency as before.

Summing up, it can be said that innovations in and automation the legal sector is not about minor process improvements only. There is potential to redefine the practice of law and take it beyond international borders in keeping with the modern globalization trend prevailing in all industries around the world.

Image Credit:

Shutter Stock

Summary:

Innovation in technology is driving every business process and legal sector is no exception in this regards. After so many decades, working with piles of paperwork, researching for information in the library; legal companies have left behind their traditional models and embracing advanced automating tools.

Tags:

Legal, Automation, Blockchain, Outsourcing, Technology, Law Firms, Lawyers

Author Bio:

Alika Cooper writes about outsourcing, technology and the business. She is passionate about customers and building products that change the way people run their business. She is also a big supporter of the startup community and teach professionals how to think about and use technology in their business and does regularly for her clients at Cogneesol.com.

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