See the video: The Case For Virtual Trade Missions
We will all have experienced the increased use of video conferencing and webinars – and realised just how cost effective and easy can be. The goal of this Section is to set out considerations and guides for you to host your own Virtual Events. (To see our approach to Virtual Events see the Live Events section.)
Virtual events range from:
They are being used for:
Their main characteristics are described in more detail below. However, they all build on the same concepts of:
Whether you organise or simply attend these events, they will require you to think carefully how you can benefit from the features they offer – and there are lots of benefits they can bring:
A word or two of caution. Given the clear benefits and their relatively low cost, it is reasonable to expect an explosion of virtual events. At that point, there is the challenge of attention overload. For your events to be successful – they must be significantly interesting and useful – otherwise, they will simply get lost in the digital fog.
A webinar is simply a group meeting conducted over the Internet. They are particularly effective when having pre-sales discussions with groups of potential clients and\or managing user groups:
From thought-leadership panel discussions to weekly live demos, webinars are an effective way to move prospects from product awareness to closed deals.
If you use webinars, you should then consider developing a webinar hub\YouTube channel with:
There are a number of platforms that can be used for small Group Sessions (see: The ExportersAlmanac Team Collaboration Programs as well as Larger Meetings and Webinars for multiple, simultaneous workshops.
Trade Missions, Trade Fairs and Industry Exhibitions
These are platforms which mirror the visual experience of attending a trade mission, a trade fair or industry exhibition – complete with entrance hall and company stands. If you have not experienced one of these, then check out this short demo video from Virtual Tradeshow Hosting.
In addition to the benefits listed above, virtual trade fairs and industry exhibition typically offer these additional features:
Event Promotion - Timings
According to research from GoToMeeting, you should start promoting your webinar at least four weeks in advance and keep promoting up to the day itself. In practice, we would suggest that you need at least three months’ preparation and for bigger events anything from 6 – 12 months.
Promotional Material
Prepare all of the following before the event:
If the event is one which needs to generate revenue, the main sources of potential revenue are similar to those for physical events:
According to InEvent, the ROI for events average 24% - 34%; stands are typically charged out at $500+ with sponsorships with B2B companies spending $20,000 on average sponsoring an event (although these do range from about $200 to much, much more depending upon the event and the sponsorship packages offered).