A Guide To Making Money with Virtual Events

making money with virtual events

 

Live events provided a substantial revenue stream for businesses during pre-pandemic days. That income stream quickly dried up once COVID-19 arrived and social distancing regulations shut down any service deemed non-essential. Compounding the issue is the randomness of outbreaks threatening to destroy your careful planning with unpredictable lockdowns.

Fortunately, it is possible to transfer live event forums by planning virtual events as a substitute. However, taking your monetization strategies to a virtual platform will require adjustment. When monetizing your virtual event, you will want to replace as much of your income stream as possible with online equivalents. A few obvious obstacles will include:
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Everyone Loves Virtual Team Building Activity

Virtual team building activity
With the prolonged prevalence of the pandemic, remote work is here to stay. Many companies have initiated Work from Home Programs globally offering remote work opportunities. Along with its benefits, remote work can become daunting for the employees due to increasing feelings of awkwardness, disconnection, and isolation among the remote workforce, significantly reducing productivity by almost 21%. This makes it vital for businesses to initiate effective an effective virtual Team Building activity.
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The Benefits of Using an Abstract Management System

 

Abstract Management System

 

Since the dawn of email, its main shortcoming has been that it’s rarely concise or categorizable. Naturally, this poses a considerable challenge when coordinating conferences in which minute detail and adherence to regulations are of utmost importance for a successful outcome. This issue is primarily a consequence of a few ways one can immediately obtain all their required information from a quick scan of an email.

 

Shortcomings of email correspondence for abstract management

Submitting proposals over email is another roadblock to the smooth running of research conferences. Often the candidate/researchers will not be aware of the criteria their proposal must meet, leading to frustrating confusion, delayals, and unnecessarily increased workload.
A possible solution to this common problem is to inform all potential participants of the expected due dates, word counts, etc. However, adherence to these guidelines is challenging to track, considering the sheer volume of emails involved. There is also the added step of forwarding the email contents to prospective reviewers for reviewal. In turn, these reviews would be submitted by email. Thus manual pairing of reviews to the proposal would be necessary. As expected, an email-based correspondence platform for a conference would require considerable admin and extra hours of work/maintenance.

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Hybrid Event on Budget: Tips from Covid Pandemic

Hybrid Event

 

Thanks to COVID-19, it’s 2022, and the workplace dynamic has shifted a lot. When businesses tend to opt for an in-person event back in the old days, today, people are gravitating toward hybrid meeting solutions for higher efficiency and workplace functionality. According to statistics, around 34% of event organizers and businesses expect to invest more in hybrid meeting solutions in the coming years. However, hybrid meeting solutions can also be incorporated into your events, even if you happen to be on a budget.
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