How To Promote Your Virtual Event On Twitter

With a rapidly growing and highly engaged user base, Twitter can be a great vehicle for driving registrations and attendance to your next virtual event.  Here’s a step-by-step guide on how to get that done:

1. Find your target audience on Twitter – first, of course, you need to define the target audience of your virtual event.  Once you do, go seek them out on Twitter – you don’t need to engage with them on Twitter just yet, but you can start following them – and identify the “places” where they tend to congregate (e.g. read their tweets, click through on links they’re sharing, read their blogs, attend chats they participate in, etc.).  You may find that by following folks, they’ll follow you back – and, may engage with you on their own.  Next, leverage Twitter’s search capabilities – search on key terms associated with your virtual event and observe who’s tweeting about them.  Sign up for a service like tweetbeep and you’ll receive daily email alerts with all tweets about your selected terms.  Start following the folks who seem to know what they’re talking about, as your virtual event may be of interest to them.
2. Identify Twitter users whom your target audience follows – if you handled Step #1 well, then you’ve half-way completed this step already.  By researching topics (and users) on Twitter, you’ll begin to build an authority map – those with more authority on topics tend to have more followers.  Identify users whom your target audience is following – then, determine which users they’re following (and so on).  You’re now starting to build potential promoters who can help in the outreach efforts of your virtual event.
3. Leverage prominent or active tweeters in your own company – is your CEO or VP Marketing an active tweeter?  If so, them reach out to their multitude of followers to promote the virtual event.  On your corporate web site, use a service such as TweepML to share a list of your company’s Twitter users – giving web site visitors a single-click option to start following every member of that list!
4. Identify other prominent / relevant Twitter users – find prominent industry bloggers and start reading their blogs.  Engage with them by leaving comments on their blogs or send them @replies via Twitter.  Making these folks aware of your virtual event is a good thing (e.g. perhaps they’ll attend) – having them promote the event on your behalf is even better.
5. Build your Twitter following - if you’ll be using a corporate branded Twitter account to focus your marketing efforts, use the aforementioned steps to start building your list of followers.  For me, quality always trumps quantity with Twitter followers – I’d rather have the right people follow my corporate branded account than have 200 “non relevant” folks follow me (in the hopes that I’ll follow them back).  Especially with a corporate Twitter account – make every tweet count.  Potential followers will often review your last 5 or last 10 tweets – if you tweet too often about breakfast or the weather, then you will NOT be followed.
6. Start promoting by adding value – first, you never want to over-promote your virtual event.  Doing so will only turn users off from your corporate branded Twitter account.  Each time you promote the virtual event, you want to add value.  So again, make every tweet (promotion) account and give users something useful each time.  Similarly, ask your fellow promoters to start spreading the word – and suggest phrases or facts they should be using in their tweets.  Use a link shortener such as bit.ly and track the number of clicks you generate – this way, you can start to determine what’s working and what’s not working.
7. Define (and use) your virtual event’s hash tag – make sure all tweets (e.g. from you, your colleagues and your fellow promoters) utilize the hash tag that you’ve created for your virtual event.  Ask your event’s exhibitors to pitch in as well – have them tweet about their presence at the event.  Once you’ve seeded the discussion with your event’s hash tag, you may see the interaction and commentary spread – if a few prominent tweeters jump in (e.g. >100,000 followers) and their tweets are then re-tweeted by other prominent tweeters, then awareness of your virtual event can spread beyond even your wildest dreams.
8. Leverage other (relevant) hash tags – the hash tag can be a wildly effective means for promoting content to indirect followers – I may only have a few hundred followers, but if I post something insightful with the #eventprofs hash tag, I may have my message seen by the 50,000 (this number used merely as an example) users who monitor that hash tag.  Make sure the hash tag is relevant to your virtual event – assuming it is, including that hash tag along with your event’s tag. [Addendum, 10/27/09: be careful not to over-promote to the related hash tags, as constant promotion of your virtual event will surely turn off the followers of that hash tag - you'll even receive backlash from them]
9. Think outside the box – instead of continually pointing users to the registration page for your virtual event, try to mix things up – link to other areas, such as: short video of the keynote speaker; text quote from a prominent presenter; a testimonial (quote) from a pre-registered attendee; a twitpic (image) of the event’s show floor or auditorium; a page that lists titles or companies who have already registered.  Of course, on all of these pages, place a link to your event’s registration page.
10. Have fun – Twitter can be an effective business tool – but remember, it’s also fun!

Tweet this posting:

How To Promote Your #Virtual Event On Twitter: http://bit.ly/n74Aj #eventprofs

What Virtual Events Can Learn From Twitter

Virtual Events - Twitter

In 2009, Twitter has taken the world by storm – in fact, it wouldn’t surprise me if Time magazine named Twitter their Person of the Year.  In my opinion, Twitter’s success hinges on its simplicity, celebrity (use by celebrities, that is) and portability (users stay connected to the service from nearly anywhere).

While virtual events have been around for a few years – they too took the world by storm in 2009 – mostly, the business-to-business world.  As we look forward into 2010, here’s what virtual events can learn from Twitter:

1. 140 characters or less – I often find it a challenge to condense my thought into 140 characters – the usual trick is to lean on acronyms (or abridged versions of words) to get under the limit.  The better approach is to be more efficient, using less words to make the same point.  While I still get frustrated at times (having to distill my thought down to 140 characters) – other times, I find that my message comes across clearer and more elegant in the shorter form.  In virutal events, a lot of chatter (e.g. group chat in the Lounge) is long-winded.  It would be interesting to participate in a group chat in which each chat message was limited to 140 characters.  I get the feeling that the chat would be much more enjoyable and productive.
2. Application Programming Interface (API) – Twitter was recently valued at $1B – it couldn’t have possibly reached that valuation without it’s excellent API and the rich ecosystem that’s been created by developers and start-ups.  The API has made possible desktop clients such as Tweetdeck and Seesmic Desktop, along with numerous third party services, such as Tweetbeep, Twimailer and many more.  Virtual event platform providers should look to “open up” their platform via API’s – allowing show hosts and exhibitors to tap into underlying registration data; customize the look and feel of their events; and develop functional mini-apps that ride on top of the platform.  As Twitter discovered, opening up the platform creates a “wealth” of opportunity.
3. Mobile support – Twitter’s API allow for applications like TwitterBerry (for BlackBerry) and Tweetie (for iPhone).  Users are increasingly on the go these days – whereby less and less interaction with the web occurs from their desk and keyboard.  Virtual event platforms that can extend their reach to smartphones will stand to benefit greatly – adoption will increase, as will average session time and overall session counts.  Twitter also integrates with the Short Messaging Service (SMS) – making access nearly universal (e.g. from non-smartphone cell phones).  Perhaps there are capabilities in a virtual event that can also be triggered via “commands” transmitted via SMS.
4. Connecting with others – Twitter’s growth in 2009 has resulted from (a) needing to connect with your friends, family and colleagues who are already on the service and (b) a desire to “follow” celebrities or sports figures.  In business-to-business virtual events, you won’t have this same sort of dynamic (wanting to follow others) – however, the platforms can do a better job of finding and recommending folks you should be following or connected to.  For instance, a CIO at a small-and-medium sized business (SMB) may want to know that a CIO from another SMB company is also in attendance.
5. Self service / self starter – Many companies are now active on Twitter, to provide customer outreach, customer service, outbound marketing and even e-commerce sales.  Other than learning the basics of social media and Twitter etiquette, the process to get started with Twitter is very straightforward.  Virtual event platform providers ought to provide a means for curious/inquisitive users to set themselves up with a test event – some day, configuring your virtual event (a basic one, at least) should be analogous to creating a new blog in WordPress.

And there you have it – adopt these five principles and your virtual event platform may some day be worth $1B as well!

How To Create A Vibrant (And Virtual) Business Community

Source: flickr (User: Samuele Storari)

The virtual events industry got its start in replications of a physical trade show or conference – the very first virtual events were virtual tradeshows, whereby platform providers re-created the look and feel of a physical trade show within a web-based environment.  These sorts of virtual events continue to gain traction and I expect to see continued growth as additional corporations (and entire industries) enter the mix this year and into 2010.

Due to the flexible nature of virtual event platforms, however, we’re seeing parallel growth occurring via many other virtual applications that ride atop the same shared infrastructure and platform.  As I wrote in a blog posting titled “Virtual Events: Available In Many Flavors“, we’re seeing virtual job fairs, virtual sales kickoffs and virtual partner summits running on vendors’ virtual event platforms.

Another application/venue that’s gained traction in 2009 is the virtual business community.  Rather than a discrete and fixed event that occurs over a live date (or a series of live dates), the virtual business community is a 365 day/year service that users leverage for explicit business benefits.  In my opinion, the Intranet of 2001-2008 will be moving towards virtual business communities, powered by the same platforms that service virtual tradeshows.

For me, the concept of intranet does not inspire much excitement or enthusiasm.  I’ve used intranets to find information (specifications, pricing, a phone number, etc.), but have never yearned to log into the intranet while bringing up my morning email.  “It’s just there” was the mentality I used to have.  I believe that virtual event platforms can create a vibrant and virtual business community, significantly moving the intranet concept up the value chain.  In fact, the business community becomes a virtual office, tearing down physical walls (and cubicles) to turn a globally distributed workforce into a close-knit and collaborative team.

Here are key tactics in building a vibrant business community:

Get users to keep coming back

You want your user base to login to the business community each morning before they even fire up their email client.  In fact, a truly successful business community may support email-like communications within the platform, making users less dependent on email.  To get your users to return over and over, you need:

1. Content - it needs to be timely, relevant and useful.  Business-critical content should be housed here – the type of information that users need to get their job done – pricing sheets, internal contact information, customer contact information, product documentation, competitive analysis, etc.  Don’t lose sight of the timely angle – have your executives post company updates/news and make them available via videocasts or video webcam.
2. Network effect – a bit of a chicken-and-egg problem here – but, you need to get a critical mass of engaged and sought-after employees interacting in the business community.  Once you have that critical mass, you’ll see the community grow, as the “draw” will be access to and interactions with key colleagues.  This is the same network effect that AOL Instant Messenger, Facebook and Twitter enjoyed – users sign up because their friends, family or colleagues were already there.
3. Enable social and interactive tools – today’s intranet needs to be empowered with the capabilities of AIM, Skype, Twitter and Facebook.  This way, I not only find documents to download, but I interact with key people who have the answers I need.  If I’m a product manager and need an answer from a lead software developer, he might not answer my phone call or return my email right away, but if I connect with him via text or video chat, perhaps he will.  After all, I’m finding him in an (online) environment that he’s most comfortable operating in.

Enterprise-enable your Business Community

Today’s most successful social networking sites/services are used in a consumer setting (i.e. friends and family) – ask yourself what makes them successful and determine how those features can be adopted in a 100% (internal) business social network.  I could see parallels of the following services made available internally within the business community platform:

1. flickr
2. Yahoo Answers
3. Skype
4. Facebook
5. Twitter
6. StumbleUpon
7. del.icio.us
8. Google
9. digg

The key, I believe, is not just to enable social tools for the sake of being social – it’s to enable social tools while simultaneously connecting those tools to your business applications and business processes.  Possible ideas:

1. Integration with your HR / Human Capital Database – if you have a rich profile on each employee (birth date, interests, job function, etc.), expose shareable information within your social tools and auto-fill that information to make it convenient for all users.  So if I’m sending out an internal tweet, my user ID is hyperlinked to a rich profile that describes all shareable information about me and my job role.
2. Integration with CRM Database – are users posting links to industry news and analysis?  How about doing a keyword search by company and matching those up to sales opportunities in your CRM database?  If an article was posted about Acme Corporation’s latest product launch, let Acme’s sales rep know, so that she can contact them about applicable services that you offer.
3. Integration with ERP systems – perhaps a crazy idea, but what if you could tweet about your latest business trip and have the expense management system parse your (internal) tweet and auto-generate a row in your online expense report?

All told, the possibilities are endless and quite exciting.  I foresee the virtual business community (powered by a virtual event platform) to be a significant trend in the coming year.  I believe this to be the future of the intranet for 2010 and beyond.

Virtual Events: Available In Many Flavors

Source: flickr (User: rkeohane)

In my Virtual Events Year In Review: 2009, I summarized key trends that I witnessed in the virtual events industry this year.  The trends for 2009 included global adoption, emergence of new industries (as virtual event show hosts), emergence of hybrid (virtual/physical) events, the shift to ongoing communities and the shift to multi-day events.  There was one trend I neglected to include – and it may be the number one trend for 2009: virtual events in many flavors (aka virtual events take on many shapes and sizes).

Virtual tradeshows still constitute the majority of virtual events in 2009 – however, new flavors emerged (or generated strong growth) in 2009.  Here’s how they’re different from virtual tradeshows:

1. Virtual Job Fairs - first off, virtual job fairs are quite similar to virtual tradeshows, especially in structure.  There are exhibitor booths, lounges, presentations (live Webcasts or live Video), prize giveaways, a document Resource Center, etc.  Here’s a big difference with the job fair, however – attendees pursue the exhibitors more than the exhibitors pursue the attendees.  The virtual job fair brings a rather engaged attendee, who’s more keen to visit booths and interact with exhibitors (hiring companies) than typical virtual tradeshows.  Hosts of virtual job fairs will want to work with their virtual event platform provider to create unique tools/applications within the show – for instance, a resume wizard (builder), resume submission tools, attendee<->exhibitor match-making (i.e. find the right job for you – find the right candidate for the hiring company), etc.
2. Virtual Sales Kickoff – that’s right, the annual sales meeting (for some companies) is moving 100% virtual.  Michael Doyle of Virtual Edge published an interesting article on Cisco’s Global Sales Experience.  For most companies, the goal of an annual sales meeting is to bring the entire salesforce together, reflect back on the past year (acknowledging and rewarding sales reps for their efforts) and talk about the year ahead (set priorities and goals).  Similar to a virtual tradeshow, education (e.g. live sessions) is a focus for this type of event.  Unlike a virtual tradeshow, however, there’s less pitching and selling (from exhibitors to attendees) and the need to network (e.g. find new contacts) is lessened.  It’s incumbent on show hosts to make the virtual sales meeting fun and engaging, as attendees are used to going out for dinner, drinks and parties after physical sales meetings.  Virtual cocktails don’t work too well, so be sure to make the virtual experience memorable and fun.
3. Virtual Partner Summits - a virtual event platform makes perfect sense for a b-to-b vendor’s partner / reseller network – gather the network of partners virtually, give them the training and tools on your products and services and allow them to network with one another.  You improve relations between you and your partners – and, you encourage resellers to partner together to create joint solutions for the market.  Cisco Virtual Partner Summit ran concurrently with a Boston-based physical Partner Summit (June 2009).  Oracle has similar plans for a virtual partner summit.  PartnerPoint has created a 24×7 virtual community “to help connect Microsoft Customers with qualified Microsoft  Partners from around the globe”.  While virtual tradeshows tend to be “lead focused”, virtual partner summits revolve around networking among exhibitors [peers] – they’re unique in that the exhibitors and attendees are one and the same.

My prediction for 2010 – these three flavors will gain further adoption.  Virtual tradeshows will still carry the majority – however, we’ll be seeing more and more off these flavors, in the following order:

1. Virtual Sales Kick-off
2. Virtual Partner Summit
3. Virtual Job Fair

Virtual Events: Year In Review 2009

Coming into this year, I considered 2009 a taking-off point for the virtual events industry.  Sure, virtual events and virtual tradeshows have been around for some time, but I felt 2009 would see enormous growth (in both event volume and in the breadth of industries entering the mix), as virtual event organizers (and virtual event platform providers) pushed the envelope with new technologies and new event models.

From my perspective, this has come to fruition – 2009 has had so much activity and excitement that I’ve decided to publish my year in review before the summer is out!  And maybe I should re-label this – I don’t intend to provide a review of the entire year – but rather, highlight the important trends that I’ve noticed in 2009:

1. Virtual events go global – since I reside in the United States, it’s not surprising that many virtual events I hear about are produced by U.S.-based show hosts  (e.g. b-to-b publishers, corporations, etc. based here).  In 2009, I saw a marked increase in virtual events outside of the U.S. – including those for a global audience and those targeting a specific geography.  I saw a few “24 hour consecutive” virtual events that sought to follow the sun.  I saw the launch of ExpoNZ (a global showcase for New Zealand) and virtual job fairs in Europe, powered by IMASTE.  I expect to see this trend continue into 2010.
2. Many new industries come on board – prior to 2009, b-to-b publishers and technology vendors took up the lion’s share of virtual events.  That’s no longer the case now.  In my Virtual Events Calendar, you’ll see events from the following industries: pharmaceutical, packaging, consumer goods, mortgage, travel, healthcare, retail, textile.  I’m sure there were other industries (not listed here) that saw their first virtual event in 2009 (e.g. auto, financial).  Expect this trend to continue as well – in 2010, additional industries will surely enter the mix.
3. The emergence of hybrid events – it’s only logical to complement your physical event with a virtual component.  In the technology space, SAP and Cisco ran virtual events concurrent with their annual customer conferences.  In the minds of the virtual events industry, this trend is quite clear, as more and more physical events will be expected to have a virtual component.  I haven’t yet seen a scenario whereby a physical event was produced to complement an existing virtual event – so perhaps that’s a trend to come in 2010.
4. The shift from event to ongoing community – the use of live show dates will continue with virtual events – but increasingly, show hosts are looking to take the audience generated for the event – and support post-event continuation, in the form of an ongoing community.  Virtual events are shifting from a single (or multi) day focus – to one of a 365 day/year community, sprinkled in with pre-scheduled live dates throughout the year.  Working hand-in-hand here is another important 2009 trend – the integration of social networks into virtual events.  Jeremiah Owyang had a very interesting blog posting on this topic.
5. The shift from single-day to multi-day events – prior to 2009, the typical virtual event ran during the business hours of the show host’s local timezone (e.g. 9AM to 6PM ET).  In 2009, we witnessed some 24-hour consecutive virtual events, along with an increasing number of events that ran for 2 consecutive days or more.  Part of the multi-day trend runs in parallel with the hybrid event trend – for physical events that run multi-day, it’s only natural that a virtual event also span more than one day.

And that wraps up my 2009 trend watch for the virtual event industry.  Let me know which trends I missed!

Low Cost Options For Virtual Events And Communities

Source: flickr (User: businesspictures)

Can you run a virtual event with zero budget?  Maybe, but maybe not.  Let’s consider one use case – the B-to-B Editor or Editorial Director.  For the Editorial side of b-to-b publications, virtual events can be quite productive and rewarding.  They put you in direct contact with your readers, allowing you to engage via interactive tools (e.g. text or webcam chat) while both parties remain in the comfort of their office or home.

During the virtual event, attendees (who often come from across the globe, no matter what the time of day) can provide direct feedback to Editors regarding the event content, theme, speakers, presentations, etc.  Often, Editors will also receive input regarding the online content they’re publishing (on their web site) – and even find sources for upcoming articles.  I’ve spoken to a number of Editors who were thrilled about the attendee/reader interactions they experienced at a virtual event.

There’s an economic model to a virtual event, however – and that rests on the fact that the event needs to generate revenue – enough to cover the cost of the event, with room for a profit margin.  Thus, at a b-to-b publisher, it’s not the Editor that drives the virtual event, but rather the Publisher, VP Sales or Sales Director.  If there’s no forecasted revenue around a particular event topic, budget isn’t approved and the event has no funding to move forward.

I was recently contacted by an Editor, who was interested in pursuing virtual events (or virtual communities) – he wanted to facilitate interactions around new topics.  However, as with many new topics, they were not mature enough to achieve the right revenue model for the Publisher.  As such, the Editor asked me for available low cost (or no-cost) options.  Here were my initial responses:

1. OpenSim - according to the FAQ, “OpenSim is a platform for operating a virtual world, and supports multiple independent regions connecting to a single centralized grid. This is somewhat similar to the web, where anyone can run their own web server, tied together through the internet. It can also be used to create a private grid, analogous to a private intranet.”  I noted that OpenSim has no hard cost, but there’s soft cost (e.g. your time).
2. BlogTalkRadio - a web-based, free service that allows you to create your own Internet radio show.  Your host and your guests call into a standard telephone bridge and the audio is streamed over the web in real-time.  For the free model, you may have house ads served up around your content – there are premium service options available, however.

So my off-the-cuff response was based upon two concepts: (1) try out a no-cost, 3D virtual world environment and/or (2) generate a community discussion (via streaming audio) with no hard costs.  In thinking about my response further, however, I realized I could do better.  First, about OpenSim.  I think OpenSim is great, but it’s probably not the tool of choice in this particular scenario.

First, the build instructions and configuration instructions indicate to me that a fairly technical person  (e.g. SysAdmin) needs to build out your grid.  Second, end users (e.g. the Editor’s readers) need to install an OpenSim client in order to participate.  That might work in some industries (e.g. a gaming publication), but probably not for a b-to-b audience (as they rarely use an OpenSim / SecondLife client on their work computer).

BlogTalkRadio has a lot of potential – in fact, I think b-to-b publishers would be well served by hosting live broadcasts for their readership.  However, the nature of a call-in radio show (even if you have active callers participating) is fundamentally different from the private and group chat activity that occurs in a virtual event.

Source: Metaplace

Taking all of these considerations into account, I felt that Metaplace might be an interesting solution – it allows the creation of a customized 3D world (with avatars) that requires no software download (as it’s Flash based) and can be easily embedded in web pages or blogs.  That may fit nicely at a b-to-b site – in relevant blog postings or article pages, you cam embed the Metaplace world.  So you pair your created 3D world (it’s theme) with content you’re already developing  for your sites – and then use reader traffic to drive participation in the Metaplace world.  And then that community can grow on its own (hopefully).  Again, no software download and no hard cost.

After all that, I’m still not satisfied with my answer – what tools or technologies would YOU recommend to this Editor?

Coming To A Physical Event Web Site Near You: Video, Blogs, Social Networks

Source: BtoB Media Business

In the current issue of BtoB Media Business, Charlotte Woodward published a cleverly named article, “Face to Facebook“, that highlights the incorporation (by physical event organizers) of digital technologies into the once-static event web site.  The inclusion of these technologies is helping show hosts extend the life of their events and support a 365 day/year experience – with a (hopefully) engaged online community to go along with it.

The article references the latest CEIR / GPJ research report:

Digital sponsorships contribute only about 7% of an event’s marketing budget, according to a recent report from the Center for Exhibition Industry Research and George P. Johnson. The study, “Digital+Exhibiting Marketing Insights 2009,” conducted online in April and May, surveyed 287 event managers and corporate brand exhibitors about the use of digital media.

As a result of the trends noted in the article, my belief is that in next year’s report, the percent of event marketing budget allocated  to digital will climb to 15-20%.  Why?  Because online/virtual will become a standard component of physical events.  The “new” event web sites of today – that include video, blogs, social networking, trackability, additional “impressions” for exhibitors, additional revenue for event organizers, etc. – could stand to benefit by leveraging a virtual event platform.  So rather than building your own event web site from scratch, you leverage virtual event/tradeshow technology to power the next generation “site”.

For the event organizer, the business model seems rather straightforward:

1. Bundle sponsorship of the online community with the physical event sponsorship – upsell those low/mid-level sponsorship packages into a premium package, which includes a presence in the virtual component (e.g. full-blown virtual booth, signage within the environment, etc.).  You can create a “presence” for all of your physical event sponsors, but only those who have signed on for the full bundle will have real content behind the virtual booth storefront.  Those who opt not to purchase the bundle will have only their logo in the environment – a great way to incent the non-believers to enter the fray.
2. Create value to attract online attendees – the online venue cannot solely be an area to appease exhibitors/sponsors.  In the same way you attract attendees to your physical event, you need to make it valuable for online attendees to visit your virtual community.  For me, this means a combination of compelling content (e.g. videos, articles, external links, etc.) and effective social/sharing tools (e.g. blogs, message boards, chat, etc.).

The incorporation (blending) of physical and virtual events creates very exciting possibilities.  Let’s consider what b-to-b publisher Hanley Wood is doing:

Additional improvements also integrate all the customer data Hanley Wood has collected, demonstrating to exhibitors and attendees who register that Hanley Wood remembers them and allowing the company to make recommendations based on a customer’s profile and history of participation at its events.

“We can put together some cross-show marketing, as well as up-sell the events that these people participate in,” Buraglio said.

The aggregation of attendee data from physical + virtual creates value:

1. Attendees - by better understanding all of the touch points by an attendee (across physical + virtual), event organizers can more effectively package and target content that’s uniquely tailored to that attendee.  Give attendees precisely what they want (or need) and you create a more satisfied user, who will be more likely to stay engaged and return to the site frequently.
2. Exhibitors/Advertisers – by building a complete picture of physical + virtual engagement from attendees, you can more intelligently plan and execute your lead follow-up paths.  If a user had her badge scanned at your physical booth, then entered your virtual booth to download 3 separate documents, she’s probably an advanced lead / “A” lead.

Related links

1. Blog posting: The ABC’s Of Lead Follow-Up For Virtual Events
2. Blog posting: The Convergence Of Physical Events And Virtual Events

Real-Time Search For Virtual Events

Among its many uses, Twitter has become an indispensable technology for event planners – whether the events are physical, virtual or mesh/hybrid.  Just about every event today defines a Twitter hashtag, which allows Twitter users (“tweeps”) to associate their tweets with the event.  If you want to follow comments about TWTRCON SF 09 (which is now over), just search for the hash tag “#twtrcon” in the Twitter client of your choosing.  Here’s how it looks for me in Tweetdeck:

The great thing about Tweetdeck is that the “search view” updates in near-real-time, which means that as new tweets are posted with that hashtag, I see them appear in this particular search pane.  Periodically glancing at a hashtag search in Tweetdeck allows me to keep my finger on the pulse of a live event that might be occurring hundreds of miles away.

Similarly, I’ve attended physical events where I’ve spotted Tweetdeck running on attendees’ laptops – clearly, they’re tweeting about panel discussions, keynote presentations, etc. right there from the event itself.  Those who left their laptops tucked away are likely sending status updates from a Twitter client on their smartphone.

The beauty of Twitter is not just in its capability for organizing a global discussion around particular events – it’s also great for tracking what’s being discussed around a topic.  For a b-to-b marketer, you might want to know what’s being said about your products and services.  For a salesperson, you might want to know how the competition is positioning themselves.  Twitter allows you to search for that chatter in real-time – and, third party services (e.g. tweetbeep, twilert, etc.) allow you to set up agents to send you search results via email.

Now, let’s consider a virtual event.  With all due respect to great White Papers, Case Studies and Product Collateral, I find that the most interesting content at a virtual event is the group chat that occurs in booths and lounges (e.g. the Networking Lounge).  If microblogging content occurs in the statusphere, then I think of a virtual event’s chat content as the chat-o-sphere.

In a very active/engaging virtual event (e.g. lots of activity, plus a number of interesting Webcasts/Videocasts), it can be hard to keep up with all the interesting discussion in the chat-o-sphere.  If I’ve attended a 50-minute Webcast and return to the Lounge, I’ll often find 100 chat entries added since my last visit – it can be challenging to read through what I’ve missed.

Virtual event platforms may need to consider Twitter-like capabilities to search the chat-o-sphere in real-time – and, provide Tweetdeck-like widgets to keep real-time views on specific tags or search terms.  Exhibitors at a virtual event may be interested in real-time searches on the following terms (within a Lounge chat):

1. Mentions of my company’s name
2. Mentions of my own name
3. Mentions of my competitor companies’ names
4. Mentions of my products
5. Mentions of my compentitors companies’ products

An exhibitor tracking these search terms can quickly send a product marketer, sales engineer, etc. into the Lounge to quickly address questions being posed – or, simply participate in the discussion.

What do you think about the chat-o-sphere in virtual events – is there value in real-time search against it?

Related Links

1. NY Times: Hey, Just a Minute (or Why Google Isn’t Twitter)
2. Blog posting: For Virtual Worlds Info, Here’s Whom I Follow on Twitter (and Why)
3. Blog posting: Leverage Twitter for Virtual Tradeshow Outreach

Four Ways To Make Virtual Conferences Better

Nick Morgan, on the Conversation Starter blog at Harvard Business Publishing, wrote a recent posting titled “Three Ways To Make Conferences Better“.  To summarize, Nick’s suggestions are:

1. Tell a unique story
2. Make attendees active participants, rather than onlookers
3. Leverage the gathered group to give something back to the community in which the conference is held

Nick’s blog posting served as inspiration for me – I’d like to cover ways to make virtual conferences better.  Virtual conferences (along with virtual tradeshows, virtual job fairs, etc.) do allow attendees to participate – in fact, some of the more interesting “content” in a virtual conference is the free form text chat that occurs in areas like the Networking Lounge.

And by its nature, a virtual conference gives back to the community in the form of carbon emission avoidance, time savings, convenience and productivity gains.  As for telling a unique story – that’s something I have not seen virtual conferences achieve.  But at the same time, I don’t think physical conferences do a good job of  this, either.

Without further ado, here’s my list:

1. Leverage a Requests For Proposal (RFP) Tool for attendees – in a b-to-b virtual conference, you often find that the exhibitors offer a common set of products and services (they’re direct competitors).  As an attendee, the virtual conference affords me with a convenient and efficient means for comparison shopping.  So if I’m in the market for blade servers, I might want to spend time visiting numerous booths, downloading product collateral and chatting with some booth reps.  Instead, what if I could fill out an online form (within the virtual conference) and tell prospective vendors what I’m looking for?  Perhaps I need 1U blade servers with redundant power supplies and are remotely manageable.  I fill out my RFP form, check off the exhibitors that I’d like to receive my request and click “Submit”.  I then receive responses within the virtual conference environment from exhibitors – and start to create my short list, based on those responses.  As one can imagine, such a tool could greatly benefit attendees and exhibitors.
2. Play some games – making games available within the virtual conference creates a sense of fun, which increases attendee satisfaction – this, in turn, increases retention and session time (attendees remain in the environment longer).  And of course, you’re not hosting the game solely for the sake of fun – you’re forcing participants to perform desired activities (e.g. visit a booth, view a Webcast, etc.) in order to advance within the game.  Again, win-win scenario – attendees and exhibitors benefit.
3. Incorporate social media – attendees at physical conferences generate lots of Twitter, Facebook, etc. updates  from their PDAs.  In a virtual conference, it’s all too easy to remain well-connected with your social networks.  That being said, don’t force attendees to leave the virtual environment – instead, provide interfaces for them to post a status update directly from the virtual conference platform!  They should be able to tweet directly from the virtual conference, update their Facebook wall, etc.  This provides a convenience to the attendee and generates no-cost “PR” of the virtual conference across social networks.
4. Embark with an Aardvark – a new service that describes itself this way –  “just send Aardvark a message through IM, like you do when talking to a friend.  Aardvark figures out who might be able to answer, and asks on your behalf — Aardvark is the hub.”  While it might be interesting to consider an integration directly from the virtual conference to the Aardvark service, it’s the concept that most interests me.  And that is, tapping into the collective wisdom assembled at a virtual conference in order to help attendees answer questions.  After all, most b-to-b virtual conference audiences login to the event with a common set of business or technical challenges.

Source: Aardvark (vark.com)

Related Links

1. Blog posting: Three Ways To Make Conferences Better
2. Blog posting: Virtual Events And The Power Of Social Media (authored by me on my company’s blog)
3. Blog posting: Cisco has integrated Twitter into their Cisco Live Virtual event
4. About Us page: Aardvark

Virtual Event ROI

Virtual Edge 2009 Panel on Measurement & ROI

What’s a hot topic on the minds of virtual event marketers? I’ll give you a hint – it’s spelled R-O-I. At Virtual Edge 2009 in Santa Clara, CA, I participated in a panel discussion on the topic of virtual event ROI.  It’s pretty clear that virtual events are driving significant ROI today – signified by the interest in last week’s conference, the keen interest from marketers and the growth of the virtual event industry.  However, the audience questions from this panel discussion make it quite clear that ROI discussions and analysis need to advance to the next level.

Here were the 3 hot buttons raised by the audience:

1. Tracking ROI via closed sales – yes, I know that virtual events will drive awareness, engagement and great overall statistics.  But at the end of the day, I need to know that my investment drove product sales.  And I’m just not sure I can quantify that today.
2. Understanding user/activity profiles – my company wants to produce a virtual event for the C-level, but we just don’t know whether C-level employees will attend virtual events – and if they do, we certainly don’t know the typical activity profile of a C-level employee within a virtual event.  As such, we’re not sure we can recommend the investment to produce one.
3. More meaningful engagement statistics – it’s great that I had 200 private chat sessions with attendees – but there’s a difference between a “I can’t find the auditorium” chat and a “can you provide me with pricing information” chat.  How do I make the distinction when analyzing my ROI?

Let’s address each of these hot buttons.

ROI via Closed Sales

Here’s where the platform provider needs to work hand in hand with the client.  First, the provider and client need to develop certain engagement patterns that are meaningful for the client.  One pattern may be as simple as, “attendee initiated a private chat with one of my booth reps”.  Another pattern might be, “attendee downloaded more than 5 documents from my booth and had more than 2 return visits”.  Once these patterns are defined, the following should occur:

1. Platform provider – upon detection of a pattern match, insert (or update) a record in the client’s CRM system (e.g. Salesforce.com, Siebel, etc.).
2. Client - have the processes and technologies in place for a timely response.  Then, have a secondary process to accurately track and measure the actions/outcome that result from the sales inquiry.

The job of the platform provider is to detect the engagement pattern and seamlessly update the client’s CRM system.  By handling the CRM import automatically, the platform provider is significantly accelerating the potential payoff (ROI) – since a marketer or sales rep is no longer required to manually import the sales opportunity from an Excel spreadsheet.

The client, then, needs a process to have the right person respond in a timely manner to the sales inquiry (e.g. Inside Sales, direct sales rep, etc.) and be able to track the eventual outcome.  The outcome then needs to be mapped back to the source (e.g. virtual event) – to complete the equation.  If these pieces work together, you’ll be able to track closed sales to your virtual event investment.

Activity Profiles

As noted during the Virtual Edge panel discussion, platform providers and clients will need to agree on the use of aggregate event data.  Today’s contracts specify that the client (event producer) owns all data on registrant profiles, activity data, etc.  To publish industry-wide data, it will be important for the lion’s share of clients and vendors to participate.

The data will not be as meaningful if large players (clients or vendors) are not part of the effort.  In addition, vendors and clients will need to agree on standard definitions – for instance, what is “C-level employee” defined as – and how do we map that definition back to registration fields?  A single vendor may have 10 clients – and 10 unique registration forms (with unique registration fields).

Unique registration fields make data aggregation challenging.  In addition, both clients and vendors will want to disclose (to virtual event attendees) that their activities will be utilized in reporting and analysis (at an aggregate level).  This discussion, in my mind, leads me to believe that an industry wide standards body is needed – an Internet Advertising Bureau (IAB) for virtual events.

More meaningful engagement tracking

On the specific topic of deciphering chat content, technology is beginning to emerge to perform natural language recognition.  In child-based virtual worlds, I’ve read that technology can attempt to detect the presence of child predators within virtual world environments (where text chat is occuring).  I believe this technology can be applied to the business setting of a virtual event – whereby the sales worthiness of a chat session can be rated.

Have a look at this very interesting article from The New York Times – Software That Guards Virtual Playgrounds.

On the disclosure side, I think we need to make attendees aware of the use of this technology – so that they understand that the private chat they engage in may be read by a computer.

These are all interesting topics for the industry to address – I believe that in doing so, we’ll advance the industry significantly – and generate even stronger growth than we’re already seeing.

Related Links

1. Blog posting: Increase Your Virtual Event ROI
2. Blog posting: Virtual Event Adoption by the C-Suite
3. Blog posting: What CPL Should I Pay For VTS?