This is the Social27 presentation for the PCMA Supplier Showdown at the PCMA event in Las Vegas in JAn 2011.
Four virtual event platform vendors were presented with a business challenge faced by a an Organization, trying to improve event atttendence and increae revenue.
See presentation fro more detail...
Increase event attendence and scale revenue with virtual events: Social27
1. Presentation for PCMA: Supplier Showdown International Fundraising Professional Association (IFPA) Presenter: Ike Singh Kehal Co-Founder & CEO Jan 2011, Las Vegas
2. The IFPA (Fictitious Organization) Total members = 45,000 40 years old 255 Chapters worldwide Two annual events in North America The International Conference on Fundraising (January) The Future Of Philanthropy For Nonprofits (July) Event Attendance= 16% of membership Event Revenue = $5.75 million Revenue Split = 40% attendee & 60% sponsor fees
4. Recommended Solution Introduce Hybrid Events On Demand Phase for 6 months (until next event) Stream main sessions (20%) Put remaining sessions On Demand (80%) - available 15 days post event Additional Revenue / Cost Recovery: Virtual Expo Hall Lower registration fee option for virtual event Problem Solved!! The Obvious
9. Re-visit Challenge At Hand Strengthen IFPA Community Increase Event Participation Increase Revenue $$ Expand direct event participation to beyond 2%
10. Firstly: IFPA members NOT Kindergarten StudentsThey have a lot of knowledge, give them an opportunity to share their knowledge…….
16. The Tactic for the IFPA IFPA Virtual: In a Box Virtual Summit in a Box TM
17. The Process: IFPA provides virtual event environment package “In A Box” to all chapters Local: Chapters launch Local event as follows: Choose 80% content from IFPA Virtual Event Library Develop 20% content locally as per priorities Bigger chapters have 1 day hybrid event Smaller chapters have virtual only
18. The Process: continued…. Revenue: IFPA shares virtual expo hall environment with chapters Chapters generate revenue by selling virtual booths and advertising to local sponsors