The Virtual Experience
In today's rapidly evolving digital landscape, the move towards virtual experiences has become not just a trend, but a fundamental shift in how businesses engage with their audiences. The rise of virtual events and podcasts has opened new avenues for connection, networking, and education. The compelling story of Bidcurement's founder, Chad Smeltzer, exemplifies this transition from traditional, cost-intensive methods of client engagement to a more efficient, digital approach.
Traditional Methods and Their Limitations Traditionally, businesses like civil infrastructure relied heavily on in-person interactions – tradeshows, client dinners, and extensive travel. While effective, this approach was costly and time-consuming. Chad Smeltzer's experience of driving 55,000 miles annually and as a business his previous company incurred a combined $500k+ in traditional method expenses a year highlights the need for a more sustainable model.
The Digital Pivot: A Necessity Post-COVID The onset of COVID-19 accelerated the shift to digital platforms. The pivot to virtual events was a response to the restrictions of the pandemic but soon revealed its intrinsic value. In 2021, 47% of virtual event registrants attended live, indicating a significant interest in these platforms. This shift wasn't just a temporary fix but a revelation of the untapped potential of virtual engagement.
Virtual EXperience: Virtual EXperience emerges as a solution to these challenges, offering a sophisticated, all-in-one video solution to enhance marketing strategies through digital engagement and content creation. With a conversion rate of 80% from registration to attendance for virtual events, Virtual EXperience demonstrates its capability to not only reach wider audiences but also to maintain their engagement effectively.
Cost-Effectiveness and Reach One of the most significant advantages of Virtual EXperience is its cost-effectiveness. The average cost for hosting small virtual events ranges from $1800- 2500 considerably lower than traditional methods. Moreover, the reach of virtual events is not constrained by geographical or physical limitations, enabling businesses to connect with a global audience.
Building Credibility and Trust Virtual events and podcasts allow for the creation of engaging and informative content, establishing businesses as thought leaders in their domain. The format allows for more personal, interactive sessions, enhancing the relationship between businesses and their audience.
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Analytics and Strategic Insights Performance analytics play a crucial role in understanding audience engagement and refining strategies for future events. The insights gained from these analytics can guide businesses in tailoring their content and approach to meet the needs and interests of their audience more effectively.
Conclusion The transition to digital platforms like Virtual EXperience represents a significant evolution in business engagement strategies. By reducing costs, extending reach, and enhancing the quality of engagement, virtual events and podcasts are not just an alternative but a superior approach in many respects. As businesses adapt to this new digital era, the value of virtual experiences in building relationships, trust, and credibility cannot be overstated.
Contact Chad Smeltzer at [email protected] for more information on how Virtual EXperience can revolutionize your engagement strategy.
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