flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

The Worst Mistakes with Virtual Events and How to Avoid Them

With nearly two years of the pandemic under your belt, a virtual event is nothing new for your organization. Attending and hosting these digital webcasts is normal now for the corporate world.

Despite how common virtual/hybrid investor events are nowadays, it’s easy to fall into traps when organizing your own. Avoid the mistakes below, and you’ll deliver virtual events that stand out to all your attendees.

Mistake #1: Using the Wrong Webcasting Platform

There’s a broad range of “wrong” when it comes to webcasting. Perhaps the most obvious problems involve glitchy tech, security vulnerabilities, or bad design.

But there are less flashy issues that can drive away investors. Subtle things like not having tech support or a branded environment reveal you aren’t at the same level as your competitors.

Outsourcing your webcasting to an established IR firm will help you avoid making such blunders — large or small.

You should expect a fully branded webcast that you can customize to suit any event — from digital roadshows and townhalls to earnings meetings and more. It should also come with intuitive design backed by reliable event support and security.

Mistake #2: Overlooking Accessibility

Accessibility is just as important as when you gather under one roof for an in-person event. Your IR software should make it easy to stream for all your investors — whether they’re tech luddites or Hard of Hearing.

Accessibility is all about removing barriers that may prevent guests from participating. Your first step to achieving this is by choosing inclusive webcasting design.

Next, consider having IT and web design professionals test whether assistive technology is compatible with your IR software before you go live. You may also want them available on the big day as tech support if attendees have questions.

Mistake #3: Choosing Presenters without Remote Experience

You can have the best content in the world. It won’t resonate with your audience if it isn’t delivered in an engaging, charismatic, and confident way.

Delivery comes down to your presenters, who face unique challenges with virtual events. They’re performing in front of a screen, potentially all by themselves. They won’t pick up on any of the energy of an audience like they would at a live event.

They’re also juggling a lot of technology while trying to deliver their presentation. Tech can trip up inexperienced presenters, resulting in frustrating delays as they attempt to navigate a system they don’t understand.

That’s why it’s best you stick with someone familiar with webcasting tech. A digital native will make it look easy.

Mistake #4: Running Long

Lastly, you’ll want to avoid creating an event that disrespects your audience’s time.

Your guests are likely fitting your virtual event in between other important obligations, and there’s a very good chance this isn’t the only digital meeting they’ll attend in the day.

You also have to consider your guests are tied to their computer screens. You don’t want to make a long presentation that keeps them staring at the screen all day.

Instead, keep things concise. Aim for 45 minutes, so you don’t take up too much of anyone’s time. And if you need more time, mix things up by scheduling breakaway rooms, fireside chats, and bathroom breaks.

Bottom Line

Learn from other people’s mistakes when organizing your next virtual/hybrid investor event. They provide you a rubric of what not to do!

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.




Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]   This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]
We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]   We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  


The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.


Connect with Flevy:

   
  


About Flevy.com   /   Terms   /   Privacy Policy
© 2022. Flevy LLC. All Rights Reserved.