Commentary

In-Person Or Virtual Event?

The Professional Convention Management Association, UBM Studios, and the Virtual Edge Institute  released a joint report, revealing the business motivations and social behaviors of attendees and exhibitors when participating in physical or online events.

 Michael Doyle, executive director of VEI, says that "...Too often the argument centers on how face-to-face or virtual best delivers on an event experience... there are significant similarities... (but) fundamental differences... regardless of format... this report will help... look at the combined effect of wrapping a digital event strategy around physical events and meetings... "

Regardless of format, people have the same drivers for attending an exhibit hall, seeing ‘what is new' is the number one motivation by far. Gathering relevant product and company information as well as gaining access to subject matter expertise are all clustered in second place. Demos and application education are highly sought as well.

Motivation Importance For Trade Show Attendance (% of Respondents)

 

Virtual Exhibition Hall

In-Person Exhibition Hall

 

Not Motivate

Possible Motivate

Will Motivate

 Not Motivate

Possible Motivate

Will Motivate

Get company/product solution for review

10%

51%

39%

8%

47%

45%

See how company can help

9

52

39

9

54

37

See demo or product

10

44

45

7

48

44

Talk to sales person

63

33

4

51

40

9

See what is new

5

41

55

1

28

70

Talk to expert

13

47

40

9

45

45

Source: PCMA, UBM Studios and VEI Study, July 2011

Attendees continue to show interest in virtual events due to the value of the content provided and the ease-of-use or access with virtual environments. As expected, content is king with 97% of respondents saying that compelling content is important or very important, as is an easy-to-use environment, Interestingly, the ability to ‘ask questions and participate actively' also scored 90%. The drivers to attending virtually include reduced travel costs and hassles and minimizing time away from family/office.

Importance of Factors in Determining If Virtual Event Worthwhile to Attend

 Factor

%of Respondents Saying Important

Content compelling

97%

Easy to use virtual environment

90

Participate actively

90

Eliminate travel costs and hassle

88

Time "away"

87

Maintain relationships

70

Make new contacts

68

Knowing attendees

58

Earn certification/license

58

Acquire new business

58

Source: PCMA, UBM Studios and VEI Study, July 2011

Compared to their online counterparts, in-person participants are just about as likely to be checking email or leave a meeting/session for some reason. Online attendees are significantly more likely to take a phone call during a presentation than physical attendees. Though both physical and virtual attendees admit to surfing the web or shopping during a presentation, it's more common amongst online attendees.

Personal Behaviors and Actions At Events

 

Attendance Online

Attendance In-Person

Action

% of Respondents

% of Respondents

IM'd due to boredom

26%

18%

Shopped/surfed on web

42

28

IM'd to share info

33

28

Texted/Tweeted from boredom

32

35

Taken phone call

66

48

Texted/Tweeted to share info

41

51

Left meeting/session

68

65

Traded contact info

33

78

Checked email

83

81

Source: PCMA, UBM Studios and VEI Study, July 2011

Though physical meetings and events are beginning to show signs of recovery, delegates remain largely unchanged in their plans for traveling to these events. As high as 78% plan the same amount of travel over the next 12 months.

When asked why respondents would attend a physical event over an online event, the primary motivations were related to networking and collaboration: meeting with speakers/experts/colleagues, meeting customers/prospects, and to collaborate more effectively.

Primary Reasons for Attending In-Person (Versus Virtual)

Reason for In-person Attendance

% of Respondents

Meet speakers/experts/colleagues

68%

Meet customers/prospects

56

Collaborate effectively

52

Easier to collect/absorb information

49

Present content

37

Combine work and personal travel

37

Source: PCMA, UBM Studios and VEI Study, July 2011

For those who exhibited at conference and tradeshows, the main motivations cited for exhibiting included: brand awareness, new business development, educate market on products/solutions, new lead generation, and thought leadership.

Motivations for Exhibiting at Trade Show (% of Those Who Have Exhibited)

Motivation

% of Respondents

Brand and product awareness

68%

New business development

65

Educate on products/solutions

62

New lead generation

57

Thought leadership

51

Generate immediate sales

25

Source: PCMA, UBM Studios and VEI Study, July 2011

Deborah Sexton, President and CEO of PCMA, concludes that these findings show "... a tremendous opportunity for meeting and event practitioners and virtual event vendors to come together on common ground... together...  the conversation (can move to) provide a richer experience that engages the visual and auditory senses... and ultimately delivers definitive business results... "

And Kate Spellman, President, UBM Studios, says "... virtual events can compliment an organization's marketing and business objectives while also expanding the overall audience experience... "

To access a copy of the "Business Motivations and Social Behavior for In-Person and Online Events" report, please visit here.

 

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