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The Biggest Virtual Events Opportunity No One Is Focusing On


Introduction

Let’s talk opportunity, by way of an analogy. Amazon.com. Consider that at this moment in time, Amazon’s users have thousands (if not millions) of items in their shopping carts. Combined, I have to believe that the aggregate (but untapped) value of Amazon users’ shopping carts is in the millions of dollars.

Now, let’s consider virtual events. For public-facing virtual events, the average attendance rate is 35-50%. If a virtual event generates 10,000 registrations, let’s be generous and say that half of those registrants (5,000) attend the live event.

E-tailers like Amazon would love for you to take the contents of your shopping cart and “check out.” Virtual event planners need to focus on the 5,000 users who didn’t attend the live event and get them to “check out” (the on-demand archive of the event).

These “no shows” are an enormous opportunity for every virtual event planner, but I don’t see enough effort around this opportunity. So here are tips to get your registrants to “check out” (your event).

The basics: a follow-up email.

Imagine that users registered for your virtual events two months prior to the live date. You’ve scheduled reminder emails, but the users missed them. When your live event comes around, users have forgotten about it. This means that they’re also not aware that an “on-demand archive” exists. Sending a “Sorry we missed you” email is easy to do and gets you immediate results. Invite your “no shows” to experience your event “any day, any time.”

Scheduled webcasts.

Plan an editorial calendar in advance, which includes a few presentations after the live date of your event. Did you covet particular speakers, but they weren’t available on your event’s date? If so, plug them in to the post-event schedule. And, make sure you invite not just the “no shows,” but folks who attended your live event as well.

Scheduled chats (Experts).

Re-feature some of your presenters and invite them back for a 2-hour, text-based chat in your environment. Invite attendees to return and promote this opportunity to “no shows” (e.g. “A great opportunity to interact directly with our featured industry expert.”)

Scheduled chats (Sponsors).

Schedule a few dates to allow sponsors to host chats in the on-demand environment. This could be a nice up-sell feature in your sponsor packages. Note that sponsors tend to generate less response (attendance) as your experts, so plan accordingly.

Email Alerts for New Content.

Did sponsors upload fresh content? Or, perhaps a featured presenter provided an updated slide deck from her webinar. Send an email out, alerting users that new content is available in the environment. Don’t do this too often, of course – and, be sure to include an opt-out link, so recipients can be removed from subsequent mailings.

Activate Social Games.

Find some prizes, then activate a few social games. The games require that users login to the environment, engage with content and engage with one another. It creates fun for the users and active engagement for you (and your sponsors).

Conclusion

Just because users took the time to complete your registration page, doesn’t mean they’re “sold” when your event comes around. Utilize your event and its content, however, to “re-sell” the event to non-attendees. If you sell it well, your users will empty their shopping carts … and buy in.

Note: I invite you to connect with me on .

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2 Responses to The Biggest Virtual Events Opportunity No One Is Focusing On

  1. Great ideas here. It’s all about conversion, isn’t it?

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