Yesterday our Co-Founder and CEO, Keith Smith had the opportunity to participate in the Vator Spark conference presented by Vator News. The event was titled “Get Game: How to Gamify your startup” and it brought together entrepreneurs, VC’s, startup enthusiasts and more to the Berkeley Skydeck. Keith was invited to share his own thoughts on gamification and presented a talk entitled “Monetization: The Love Child of Gamification and Rewards.” As we see it, gamification and rewards can really drive monetization. One of our principles from early on has been that gamification should be a profit center not a cost center. We believe the keys to monetizing gamification is to create yearn, or as Keith puts it “Yearn matters. Without a deep desire on the part of your users, you are left with uninspired and uninterested users.”
So how do you create that yearn? Yesterday Keith shared a few tips from the BigDoor wheelhouse:
1) Onboarding – First impressions matter a lot. Websites often invite users to their site and then don’t give them any ideas about how to interact with their content. Gamification can help users navigate a site through directed user engagement. Tell users what’s important when they first come to your site.
2) Rewards matter – Tell your users why they should stick around on your site. Reward users with something that’s important to them and give them the incentives for being there.
3) Virtual Currency – A redeemable virtual currency makes for a wonderful means to an end. Giving users small, incremental rewards in the form of points makes it so they actually have a reason to participate and be there. Points become meaningful for the user because of what they can be traded for.
You can see more of Keith’s presentation below.







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