![]() Virtual event platforms specialized for large online conferences also offer the functionality to charge for tickets. Here you can find an example of a virtual event sponsorship prospectus. This means that you can offer additional benefits for sponsors who pay more money. Virtual event platforms also offer the capability to sell tiered sponsorship packages. Sponsors can upload assets to the virtual booth and it also includes a chat functionality so that the audience can chat with the sponsors. Virtual event platforms that are specialized in large online conferences allow sponsors to configure their virtual booth. SponsorshipsĮvent organizers of large virtual conferences often partner with companies and offer sponsorship packages.Ĭompanies who purchase those packages are looking for lead generation opportunities and also reinforcing their brand with the target audience of your event. The two primary methods are charging for sponsorships and ticketing. When it comes to hosting virtual events, there are many ways to offset the costs of the online event platform. The outcome is usually expected to make a positive impact on the bottom line of your business. How can I offset the costs of virtual event platforms?Īt the end of the day, investing in virtual event platforms comes from a business goal or need. These are optional costs if you need help with training, portal branding, assistance building registration pages, or if you need help to record sessions. When it comes to budgeting for your virtual event platforms, it’s best practice to overestimate the number of attendees.Įvery virtual event platform also offers additional services. Naturally, this is never going to be 100% accurate so you will only know the final price after all of your events took place. It’s common that you have to predict the number of attendees for all of your virtual events throughout a year. This means that your costs will go up as your number of attendees are increasing. Virtual event platforms often charge a monthly subscription fee supplemented by a cost per registration. What are common virtual event platform pricing models?
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