OPTIMIZE YOUR BUSINESS COST
Virtual events can be a great option for meeting and event planners dealing with shrinking budgets. In fact, virtual events are about 75% less expensive than in-person experiences, as planners typically save money on staff, venue, setup and takedown, accommodations, meals, travel costs, and more. At a minimum, the only thing planners have to worry about paying for is the cost of their virtual meeting platform. Planners also typically save a lot of time on logistics when hosting a virtual event compared to a live experience. Although virtual events do require some setup time (e.g. event website, registration, event marketing, and promotion, etc.) and some extra coordinating with presenters, it’s tremendously less than that of an in-person event. Overall, virtual events are a great option for organizations facing budgetary constraints or that need a quick turnaround time.