{"id":47858,"date":"2023-07-21T11:08:11","date_gmt":"2023-07-21T15:08:11","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=47858"},"modified":"2023-10-25T17:35:41","modified_gmt":"2023-10-25T21:35:41","slug":"exploring-4-types-of-virtual-stores","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/exploring-4-types-of-virtual-stores\/","title":{"rendered":"Exploring 4 Types of Virtual Stores"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;47859&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Retail has been changing over the last decade, with \u201cretail virtual reality\u201d picking up speed big time during the COVID-19 pandemic. It\u2019s hard to land anywhere today without some type of virtual shopping experience\u2014whether it\u2019s <a href=\"https:\/\/www.forbes.com\/sites\/bernardmarr\/2021\/09\/13\/10-best-examples-of-augmented-and-virtual-reality-in-retail\/?sh=6876786b6626\">stores with augmented reality<\/a> that allows shoppers to scan products for more information, or AI-driven shopping platforms that let users build their dream closet. There are even <a href=\"https:\/\/venturebeat.com\/business\/loreal-launches-virtual-reality-hair-education-for-salon-stylists\/\" class=\"broken_link\">virtual reality hair salons<\/a>! Today we\u2019ll be looking into 4 different types of virtual stores and how this might affect retail in the future. Let\u2019s go!<\/p>\n<p><strong>Completely Virtual<\/strong><strong>\u00a0<\/strong><\/p>\n<p>Fully virtual stores aren\u2019t stores at all, in the fact that they exist solely in the digital realm. Customers won\u2019t be able to physically interact with anything, but the sights and sounds (and of course purchasing options) of a brick-and-mortar are made available via mobile device or computer screen. Through the use of your device\u2019s camera, virtual stores allow customers to try on makeup or clothing and then buy the items they love online. Some virtual stores even present shoppers with fun, non-shopping experiences; for instance, <a href=\"https:\/\/www.charlottetilbury.com\/uk\/virtual-store\" class=\"broken_link\">Charlotte Tilbury\u2019s Virtual Store<\/a> lets you create an avatar, travel through the store on a moped, invite friends to shop, and even play games.<strong>\u00a0<\/strong><\/p>\n<p><strong>Augmented Reality<\/strong><strong>\u00a0<\/strong><\/p>\n<p>The value of augmented Reality, or AR, is <a href=\"https:\/\/www.retailtouchpoints.com\/resources\/ars-retail-value-to-hit-7-billion-by-2023\" class=\"broken_link\">projected to hit $7 billion<\/a> this year. This is one of the coolest types of virtual retail experiences because it really allows customers to see how things would look on their bodies or in their homes. For example, companies are using <a href=\"https:\/\/www.indigo9digital.com\/blog\/how-six-leading-retailers-use-augmented-reality-apps-to-disrupt-the-shopping-experience\">AR in their apps<\/a> to allow customers to see if a couch might fit in their living room, or how a pair of glasses look on their face. Other retailers are implementing AR into their brick-and-mortar shops in the form of virtual mirrors that display what a shade of eyeshadow looks like on a customer. AR has the ability to make customers feel more confident about their purchases, plus it decreases the headaches and cost of returns.<strong>\u00a0<\/strong><\/p>\n<p><strong>Online Marketplaces<\/strong><strong>\u00a0<\/strong><\/p>\n<p>Online marketplaces are basically ecommerce sites that allow third-party sellers to do business, as opposed to businesses selling their own goods through their own website. Places like Amazon and eBay are the heavy hitters here. These sites are able to display products, take and track orders, collect payments, and release payments to the seller. The benefits are enormous to sellers, as well: They offer wider audiences than someone might get on a personal website, plus they reduce costs by eliminating the need for dedicated websites, hosting, and payment software.<\/p>\n<p><strong>Social Media Stores<\/strong><strong>\u00a0<\/strong><\/p>\n<p>If you\u2019re like the majority of the world and regularly frequent social media sites like Instagram and TikTok, you\u2019ve likely been served with in-app shopping options. Social media stores enable customers to buy items directly through these platforms\u2014and it\u2019s their convenience and ease of use that makes them so appealing. In fact, <a href=\"https:\/\/www.insiderintelligence.com\/insights\/social-commerce-brand-trends-marketing-strategies\/\">it\u2019s predicted<\/a> that by 2025, social commerce will reach a global value of $1.2 trillion.<\/p>\n<p>What\u2019s next for your business? Whether you\u2019re looking to incorporate some type of AI into your retail space or you simply need additional funds to support a new venture, <a href=\"https:\/\/www.arffinancial.com\/development\/?urlsource=blog\">ARF Financial<\/a> has you covered. With expert loan consultants backed by decades of experience, we\u2019re the most-trusted name in business loans and <a href=\"https:\/\/www.arffinancial.com\/development\/loans-by-product\/revolving-line-of-credit\/?urlsource=blog\">lines of credit<\/a>. Visit us today to learn more about what makes ARF Financial the best place to help your business grow.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;47859&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Retail has been changing over the last&#8230;<\/p>\n","protected":false},"author":5,"featured_media":47859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[686,698],"tags":[398,402,400,399,443,386,535,1104,220,213,944,943,401,224,222,172,226,142],"class_list":{"0":"post-47858","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-retail-financing","8":"category-small-business-financing","9":"tag-affordable-business-loans","10":"tag-affordable-small-business-growth","11":"tag-business-expansion","12":"tag-business-growth","13":"tag-business-line-of-credit","14":"tag-business-loans","15":"tag-equipment-leasing","16":"tag-exploring-4-types-of-virtual-stores","17":"tag-flex-pay-loans","18":"tag-line-of-credit","19":"tag-marketing","20":"tag-operations","21":"tag-small-business-expansion","22":"tag-small-business-financing","23":"tag-small-business-funding","24":"tag-small-business-growth","25":"tag-small-business-loans","26":"tag-working-capital"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - 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