You may be wondering why to invest in virtual events. The answer to that question may surprise you. Many companies are investing in this form of communication, which has several advantages. One of the most compelling is the ROI. Virtual events can help you increase your company’s profits while increasing your attendance. This article will examine the cost of hosting a virtual event and the benefits of using a hybrid event platform. We’ll also examine the top performance indicators that help measure ROI.
ROI of virtual events
The ROI of virtual events depends on how well the event meets its objectives. Some virtual events cost $2,500 to produce but only generate 50 new leads, and forty percent of these will become paying customers. Another metric used to determine ROI of virtual events is Net New Pipeline. This tool tallys the potential revenue for each lead based on the sales potential of that lead. In addition, virtual events don’t have location or capacity restrictions.
Hybrid event platforms
There are a variety of hybrid event platforms available to businesses today. One such service is 6Connext, which caters to the virtual trade show, summit, and job fair market. Its system allows you to accommodate thousands of virtual attendees while still ensuring an engaging experience. You can also set up two-factor authentication for added security. Other features include reporting and user analytics. Listed below are some of the best hybrid event platforms available for virtual events.
Identifying top performance indicators
The number of leads generated from a virtual event is an important KPI. During virtual events, the number of leads generated can help you gauge the success of the event. Ideally, you should start tracking the number of leads generated months before the event and track them monthly. Detailed analysis of the results will help you understand trends in your event and how to improve it. To help you determine whether or not a virtual event is worth investing in, below are some tips to consider:
Cost of hosting a virtual event
There are many hidden costs associated with hosting a virtual event in India. These can range from credit card processing fees, which can account for three to five percent of the cost of the event, to the design of branding elements. Virtual events can still provide value to patrons, however, and can be a great alternative to an in-person event. In order to avoid unexpected expenses, you should carefully plan your budget before starting your event.
Getting investors to attend virtual events
A virtual event can offer investors the same benefits as a physical event but in a different time zone. It also provides an opportunity to establish a connection with investors, a critical component of attracting investment. While offline meetings provide undistracted time for discussion, virtual events need to be designed to accommodate a more distractible environment. Listed below are five tips for hosting a virtual event: