5 Virtual Events Postings You May Have Missed

February 23, 2011

5 Virtual Events Postings You May Have Missed

Introduction

In the rush to get caught up with RSS feeds (that I routinely neglect when busy), I unintentionally skip articles and postings that I’d find quite interesting and valuable. With that in mind, I thought I’d round up recent virtual events postings (from this blog) that you may have otherwise missed.  And yes, I do still use an RSS reader.

1) Interactive Emails and Potential Use in Virtual Event Promotions

Virtual Event Email Promotions and Hotmail Active Views

Like banner ads, email marketing and email (in general), response rates tend to decline over time.  The use of interactive elements (within the email) could be a big win – and this certainly applies to virtual event email promotions. Here’s a link to the full posting:

https://allvirtual.wordpress.com/2011/01/14/virtual-event-email-promotions-and-hotmail-active-views/

2) Virtual Event Lead Management

Virtual Event Lead Management

I outline the “drive-by viewing” that you often see at virtual events and note that those visitors are names, not leads.  I also introduce the notion of curating your leads, as if they were fine art.  Here’s a link to the full posting:

https://allvirtual.wordpress.com/2011/01/22/book-supplement-virtual-event-lead-management-leadmanagement/

3) Why I’m There on Pure Virtual Events

I wrote a counterpoint to an article from Velvet Chainsaw’s Dave Lutz on the topic of pure virtual events. While I’m a firm believer in hybrid events, I also believe in the benefits of “pure” virtual events.  Here’s a link to the full posting:

http://inxpo.wordpress.com/2011/01/27/why-im-there-on-pure-virtual-events/

4) Can I Get a Woo Hoo for Virtual Events?

Can I Get a Woo Hoo for Virtual Events

I loved the tactics used by a department store to encourage customers to contribute (to a charity) at the cash register. I loved it so much, in fact, that I decided to draw parallels with the store’s tactics and apply them towards the planning and promotion of virtual events.  Here’s a link to the full posting:

https://allvirtual.wordpress.com/2011/02/07/can-i-get-a-woo-hoo-for-virtual-events/

5) Use Virtual Booths to Complement Your Physical Booths

Use Virtual Booths to Follow Up with Leads from Your Physical Booth

I outline ways in which a virtual booth can allow trade show exhibitors to distribute content, nurture leads and engage with prospects in real-time (after the event).  Here’s a link to the full posting:

https://allvirtual.wordpress.com/2011/01/30/use-virtual-booths-to-follow-up-with-leads-from-your-physical-booth/

Conclusion

If you liked any of these postings, but missed them when they were originally published, subscribe to the It’s All Virtual RSS feed.  If you do subscribe, but “Mark All As Read” in a rush to get caught up, I forgive you (I know the feeling).


Book Review: Viral Loop

February 12, 2011

Image courtesy of Amazon.com

Introduction

Adam L. Penenberg’s “Viral Loop” was published in 2009, but retains a lot of relevance in 2011.  Its subtitle is “From Facebook To Twitter,  How Today’s Smartest Businesses Grow Themselves”.  The book begins by telling the story of the web site “Hot or Not” and how that web site (in 2000) “rode a simple idea to a fortune”, by virtue of “an insanely viral scheme”.

It goes further back in time to the original viral models, Tupperware and Ponzi Schemes and then works its way up through many of the present day (or past-present day) Web 2.0 success stories (e.g. Mosaic, Netscape, Ning, Hotmail, eBay, PayPal and more).

The Viral Coefficient

Early in the book, Penenberg explains the “viral coefficient”, or the “number of additional members each person brings in” (to a web site or service).  The success of a web site, or even a YouTube video, “going viral” hinges on this figure.  Penenberg explains that if the coefficient is equal to 1, the site “will grow, but at a linear rate, eventually topping out”.  Then, “above 1, it achieves exponential growth”.

The early growth of Ning was due to the fact that its viral coefficient was 2.0 – “each person who signs up is worth, on average, two people (compounded daily)”.  And while Ning doesn’t attain the lofty position it once had, its viral coefficient (and how it achieved it) is important in understanding its early success.

Web 2.0 History Lessons

Viral Loop Cover with Social Media icons

Image courtesy of ViralLoop.com

Netscape

In addition to explaining viral coefficients and how viral loops are created, Penenberg provides interesting history lessons (stories) behind some of the web’s most well known creations.  He tells the story of how Marc Andreessen created the Mosaic browser at the University of Illinois in Urbana-Champaign, left Illinois to move west to Silicon Valley, and there co-founded Netscape with Jim Clark.  Version 1.0 of the Netscape browser was released on December 15, 1994, and Netscape engineers “rigged servers so a cannon fired every time a browser was downloaded”.

eBay

In a chapter titled “eBay and the Viral Growth Conundrum”, Penenberg tells the story of Pierre Omidyar, whose inspiration for eBay came from a stock order gone bad – he placed a pre-IPO order for a stock, only to see it jump 50% on the day of its IPO. Omidyar, whose business was called AuctionWeb, hosted the site on eBay.com because his desired domain, Echobay.com, was already taken.

PayPal

The chapter “PayPal: The First Stackable Network”, takes us through the very genesis of PayPal, starting with a lecture at Stanford, given by Peter Thiel. Max Levchin was one of six in the audience. They agreed to meet for breakfast the next week and over breakfast, agreed to launch a start-up around Levchin’s ideas for cryptography software.  The initial company was called Fieldlink and went through a few iterations of cryptography business ideas until they settled on the idea that would become PayPal.

Epilogue

Before reaching the Epilogue, we learn about the beginnings of several other well-known names, including Flickr, MySpace, Bebo and Facebook.  In the Epilogue, Penenberg summarizes the characteristics of viral loop companies and compares the similarities to human population growth – “the human population growth  rate [also] mirrors the curves for companies like Skype, Hotmail, Ning, Facebook”.

Penenberg’s book makes me ponder the coming decade (2011-2020). What new viral loop companies will be created (and how) – and who will be this decade’s Hot or Not, Ning and Netscape?


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