
“Find a group of people who challenge and inspire you, spend a lot of time with them, and it will change your life.” – Amy Poehler
❓ What You’ll Learn
- How to offer hands-on experience in online events?
- What are examples of successful metaverse concerts?
- How to validate demand?
- How to get early revenue?
- How to find qualified prospects with online events?
- What are hybrid events?
- Who’s building online events for AR/VR headsets?
- How will open startups use online events?
- How to break the ice in your online event?
💎 Why It Matters
Online events are borderless.
They are a cost-effective and scalable way to spread your message.
🔍 Problem
We want to connect, learn and be entertained without leaving home.
💡 Solution
Online events have lower friction.
Anyone with web access can join.
🏁 Players
Online Events
- Trends.vc Masterminds • Share your goals, progress and solve problems together
- Userlist Happy Hours • Live SaaS-related hangouts
- API World • Trends, insights and best practices on the API and microservices
- The Women in Tech Summit • Event for educating, inspiring and connecting women in tech
- Zoomtopia • Annual celebration of Zoom customers, partners and communities
- TypeScript Congress • Online event for web developers using TypeScript
- Silicon Labs Works With • Developer conference for the Internet of Things
Online Event Tools
- Zoom • Connect with video, audio, phone and chat
- HeySummit • Build, grow and monetize online and hybrid events
- Livestorm • Simple meeting and webinar platform
- Gather • Build 2D online conference spaces
- Podia • Sell workshops, classes and webinars
- StreamYard • Live streaming and recording studio in your browser
- BigMarker • Platform for webinars, virtual and hybrid events
🔮 Predictions
- People will join remote group fitness classes to boost accountability and track progress.
- Peloton lets you invite friends to fitness classes.
- Uptivo tracks the performance of remote fitness groups.
- Apple Fitness lets you share fitness activities with your friends.
- Myzone tracks group fitness performance in the gym, outdoors or at home.
- Online events will send craft kits to offer hands-on experience.
- Host sends cocktail kits with recipes for Virtual Mixology Classes.
- Unexpected Virtual Tours sends mini-golf kits with Design a Golf Course.
- Scott’s Pizza Tours sends kits with pizza ingredients for Online Pizza Making Classes.
- Artists will hold live concerts in the metaverse to break physical barriers. They will perform for tens of millions of fans at once.
- Lil Nas X, 24kGoldn and 21 Pilots performed in Roblox.
- Justin Bieber, John Legend and Tinashe performed live in Wave.
- Travis Scott, Marshmello and Ariana Grande performed in Fortnite.
☁️ Opportunities
- Presell your online event to validate demand and get early revenue.
- IRE21 is a virtual event for journalists that offers a 25% discount for early tickets.
- SHARP is an event for authors, readers and publishers that offers a 33% discount for early booking.
- ATOMICON is a hybrid sales and marketing event for small businesses. It offers early tickets with a 55% discount.
- Turn your online event sessions into on-demand videos. This is free marketing material.
- Globant shared Converge 2020 on YouTube.
- Amazon shared parts of AWS re:Invent 2020 on YouTube.
- Salesforce shared parts of Salesforce World Tour Reimagined and Dreamforce.
- Use free online events as lead magnets to build an email list of qualified prospects.
- Ben Collins turned SheetsCon into a free online course.
- Alex Hormozi used an online event to launch his book $100M Leads.
- MarTech Alliance offers Anticon DialUp recordings in exchange for contact details.
- Lumivero Virtual Conference is a free conference on data analysis and student placement.
🏔️ Risks
- Connectivity Issues • Internet disruptions, slow speeds and lag spikes can lead to missed content, poor peer interaction and frustration.
- Coordination Risk • Failure to manage groups can lead to poor attendee experience.
- Reputation Risk • Misbehavior such as Zoom Bombing can lead to negative experiences and a lack of interest in future events.
🔑 Key Lessons
- Online events have higher margins. Lower costs and wider reach make it easier to make a profit.
- Hybrid events are a “two-sided medal”. Balancing in-person and online aspects of the same event requires 2x much effort.
- Have a backup plan. You should be able to switch platforms when having technical issues.
🔥 Hot Takes
- Online events with hundreds of attendees make it hard for each member to share value. This makes it more appealing to watch the recording on-demand than attending a live event.
- We’ll see online events built for specific AR/VR headsets. Connect is a virtual event on virtual, mixed and augmented realities. You need a Quest device to attend the event.
- Open startups will host public board meetings with past achievements and future plans. Gumroad shares its board meetings on YouTube.
😠 Haters
“It is hard to engage remote audiences. They can get distracted by their friends, family and pets.”
Host the event over a few days. Break down content into shorter portions. Add interactive activities such as polls and Q&As. Change the pace of the event with videos and quick discussions. This can help attendees stay focused and to not get bored.
“In-person events have higher-fidelity interactions than online events.”
True. In-person events also have more friction since everyone needs to attend in person. Online events are more inclusive while in-person events have higher fidelity.
“Hybrid events have the best of both worlds.”
Hybrid events are complex. You need to solve logistics, catering and security problems for in-person attendees. As well as connectivity, engagement and moderation issues for online attendees.
“Online events are exhausting. Zoom fatigue is real.”
Short breaks, chit-chatting and letting attendees turn off video can help to lower online fatigue.
“What if I want to go to two sessions that happen at the same time because of tracks?”
This is a tradeoff for having a focused experience. Most online events share recordings that you can watch later.
🔗 Links
- Building a Report on How to Grow and Monetize Online Events • The Tweet behind this report.
- 35 Ice Breaker Games for Virtual and Hybrid Events • Ways to lighten the mood at the start of an event.
- Hybrid Events Are Essential • Learn the 10 benefits of hybrid events.
📁 Related Reports
- Audience-First Products • Validate products, build distribution and stay accountable
- Gamification • Boost engagement with missions and rewards
- Presales • Validate demand before investing time and money into building new products
- Influencer Marketing • Borrow audiences’ attention to build awareness and find customers
- Freemium • Lower your customer acquisition costs with a free version of your product
🙏 Thanks
Thanks to Frank Jones, Mark Todd and Stewart Townsend. We had a great time jamming on this report.
✏️ Emin researched and wrote this report. Dru researched and edited this report.
📈 What else?
Trends PRO #0127 — Online Events has more insights.
What you’ll get:
- 20 Online Event Examples (186% More)
- 14 Online Event Tools (100% More)
- 12 Predictions (300% More)
- 15 Opportunities (400% More)
- 7 Risks (133% More)
- 12 Key Lessons (300% More)
- 7 Hot Takes (133% More)
- 9 Links (200% More)
With Trends Pro you’ll learn:
- (📈 Pro) How can artists make live concerts more accessible?
- (📈 Pro) What are token-gated online events?
- (📈 Pro) How to help team members feel closer when they are miles apart?
- (📈 Pro) What are VR business meetings?
- (📈 Pro) What are virtual workspaces?
- (📈 Pro) How can companies help employees fight loneliness?
- (📈 Pro) How to handle traffic spikes during online events?
- (📈 Pro) How to build an immersive online event?
- (📈 Pro) How to lower competition?
- (📈 Pro) How to use online events to onboard SaaS users?
- (📈 Pro) How to boost engagement?
- (📈 Pro) How to boost brand loyalty?
- (📈 Pro) What are breakout rooms?
- (📈 Pro) What are online event tracks?
- (📈 Pro) How to maximize reach?
- (📈 Pro) How to help attendees build personal connections?
- (📈 Pro) Why should you vet attendees?
- (📈 Pro) How to boost the attendance rate?
- (📈 Pro) Why should you offer virtual gifts?
- (📈 Pro) What is NFT ticketing?
- (📈 Pro) Who has built an online event for 5,000 people with no-code?
- And much more…
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