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Virtually Yours

leader
September 14, 2011

Virtually Yours

Virtual and hybrid meetings are set to become the norm rather than the exception

By Tyler Davidson

Diving headfirst into the world of virtual meetings can be quite a challenge, as meeting planners need to familiarize themselves with a whole new universe of terminology, figure out what the best solution is for their organization and make sure the experience doesn’t result in a hefty price tag.

According to a spring 2011 survey of marketers by virtual events company Unisfair (www.unisfair.com), 60 percent of respondents said they planned to increase spending on virtual environments and events, and 67 percent contemplated hosting 10 or more virtual events in the 12 months following the survey. Forty-six percent of the respondents said they expect more than 50 percent of corporate events will be physical-virtual hybrid affairs within two years.

But while terms such as “webcast,” “webinar” and “hybrid event” may be easy to grasp, what does one make of a “bannercast” or “slidecast?” And is now a good time to commit to this new form of meeting? As with any technology, the learning curve started out fairly steep but has now become manageable for meeting planners from novice to veteran.

“There are a lot of different levels you can get into,” says meetings technology speaker Corbin Ball, of consultancy Corbin Ball Associates (www.corbinball.com). “From bringing in a remote speaker—Skype offers an HD signal, so you don’t have a fuzzy image, an image suitable for projecting on a screen in a big room—so you can get into it at virtually no cost.”   Read more...

   
Determine event theme and mission statement.
Identify audience.
Identify event platform or virtual event service provider.
Determine who will create and deliver content.
Establish a promotion plan.
Establish a timeline.
Content is king! Develop captivating and engaging content for your virtual event.
Develop a plan for getting sponsors.
Promote your virtual event to attendees and potential sponsors.
Produce the event.
Develop a follow-up plan with sponsors to ensure satisfaction.

60% of respondents to a virtual meetings survey say they planned to increase spending on virtual environments and events

67% of respondents contemplated hosting 10 or more virtual events in the year following the survey

From $20 to $200,000 or more, there are many different types of virtual and hybrid meetings

HSMAI’s MEET National educational content is available on-demand for free

Virtual components help make live events more measurable and scalable

     

Hyatt Workers Strike in Four Cities

CHICAGO—Unionized Hyatt hotel workers in Chicago, Los Angeles, San Francisco and Honolulu launched a week-long strike on Sept. 8 in concern over a contract battle now in its second year.    Read more...

MPI COO/CFO Resigns

DALLAS—Greg Lohrentz, COO/CFO of Meeting Professionals International, is resigning from his position, effective Oct. 3, to become the COO/CFO of the Kansas State University Foundation based in Manhattan, Kan.   Read more...

CEIR Says Exhibition Industry Outperforming U.S. Economy

DALLAS—The Center for Exhibition Industry Research (CEIR) released semiannual data that says the exhibition industry outperformed the U.S. economy during the first half of 2011.   Read more...

MedRec Ad


USTA Reveals 9/11’s Impact on Industry

WASHINGTON, D.C.—In an industry conference call Aug. 24, U.S. Travel Association President Roger Dow shared some key information on the industry’s downturn following the tragic attacks of Sept. 11, 2001—and outlined some ways in which his organization would like to change the current state of travel to and in the U.S.   Read more...


AMEX Study Shows Rising Biz Travel Costs

NEW YORK—American Express Global Business Travel released business travel pricing trends for the second quarter of 2011 from its eXpert insights Business Travel Monitor (BTM), its long-term price trending index for domestic and international trips originating in North America. The BTM data demonstrates continued rate increases for flights and accommodations as suppliers continue to take advantage of the return in demand and other market factors to raise rates.   Read more...

Corbin Ball & Associates (technology links)

Harvard Business Review How to Conduct a Virtual Meeting

HSMAI

HSMAI
Bring Your Conference to Your Members Via Hybrid Events

Meetings Focus
Hybrid is Happening

The Virtual Edge Community

Virtual Meeting Definitions (The Virtual Edge Community)


MedRec Ad

New this year, HSMAI has made content and exhibitor information from its two-day HSMAI’s MEET National event available for free online as a virtual extension of the live program. Called MEET On, HSMAI says the effort will be the prototype for a new Freeman virtual package available to organizations that conduct conferences and expositions. HSMAI’s MEET On also contains video interviews with representatives from leading destinations, properties, and meeting suppliers, and will be updated throughout the year.

To check it out, visit:
www.hsmaimeeton.com

 

BONUS CHECKLIST:

Selecting the Right Virtual Event Platform Provider