By Theodore F. di Stefano E-Commerce Times
01/19/07 5:00 AM PT
A recent Google search on the term "Webinar" came up with over 9 million hits! Obviously, this type of marketing and communication has quickly become popular. There are new tech words that are morphing into our vocabulary almost on a daily basis. "Webinar" is one of those words. It's the latest tech approach to attracting and keeping a customer.
Reading the Avaya-Nortel Roadmap requires a navigator The release of the Avaya-Nortel roadmap has many people wondering what lies ahead for their customer contact initiatives. Join Ovum’s Ian Jacobs and Aspect CTO Gary Barnett to discuss how the integration of two product lines may affect you. Register for the webinar.
In the late 1990s, a new application appeared on the World Wide Web. It allowed people from different places and different time zones the opportunity to simultaneously view a slide show, commonly PowerPoint, and to hear a speaker explain the details behind each slide.
The viewers also had the opportunity to send an instant message to the presenter with questions about a particular slide. The presenter could then either answer the questions via an instant message, or simply answer the questioner orally, so that everyone attending the Webinar could hear the response.
Targeted Marketing
Webinars soon came to be recognized as an excellent vehicle for a company to get its message across to a discrete, tightly targeted audience. The audience would ideally be made up of an exclusive group of listeners who would be most likely to purchase the product that the company was offering.
This type of communication, the Webinar, gave both large and small companies great economies of scale. Given that many people throughout the world could be reached at an extremely reasonable cost, it permitted these companies to leverage their image and sales pitch to a remarkable degree.
A recent Google (Nasdaq: GOOG) search on the term "Webinar" came up with over 9 million hits! Obviously, this type of marketing and communication has quickly become popular. Yet, many people still haven't heard of the term.
A Typical Meeting
If you were invited to attend a Webinar, you would commonly be sent an e-mail with all of the necessary information that would allow you to join the other attendees at the allotted time.
As an attendee, you will be asked to call a toll-free number to join the Webinar. You will then go to the Web site where the slides for the Webinar are presented so that you can hear the speaker while the visuals are being discussed.
When the Webinar starts, the first slide appears on the Web site, and a speaker starts explaining the fine points of the slide. Usually, all callers' voices are muted except those of the speaker and the host (assuming that these are two different people).
When the speaker finishes talking about a particular page/slide, she/he then advances to the next page. In most cases, viewers have no control over the advancing of the pages. Unless you have any questions, you basically just sit there and listen.
If you do have a question, as I stated earlier, you send an instant message to the presenter. The message appears to the presenter as well as to all of the other viewers. The speaker then has the choice of orally answering your question or answering your question on the Internet slide presentation screen.
Commonly, as previously mentioned, all lines are muted except for the presenter and the host company. The reasons for this are obvious -- background noises such as sirens, horns, and conversations, can really distract both the speaker and the audience.
The last slide has the presenter's contact information such as phone number, Web site, and e-mail address.
Why the Webinar?
This form of "meeting" allows you to focus on a target audience that you have differentiated from your universe of possible customers so that you are getting the biggest bang for your buck.
Assuming that you are properly identifying who your "best" audience is and have targeted that audience, this is one of the most direct, most effective and, yes, cheapest forms of marketing for your company.
I was recently asked to conduct a Webinar for an international software company and its subsidiary, ComputerShare and World Records. The subject was making Sarbanes-Oxley (SOX) compliance easier for board members. Since both of these companies are in the business of providing sophisticated software for corporate governance and compliance, I obviously mentioned them as an option for companies seeking software assistance.
The main point that I want to make is that the audience was so well targeted that most of its members were from Fortune 500 companies such as Bank of America, Wal-Mart, Chevron, and DuPont.
I won't get into the fancier things that can be done with Webinars and Web conferencing. Suffice it to say that there is a good amount of flexibility for the company wishing to do a Webinar in order not only to attract the right attendees, but also to give them visuals and interactivity that really let the Webinar appear like a town meeting.
Once you get your customers' attention in such an interactive manner, they are more likely to take the serious interest in your product or service that you are hoping for.
There are new tech words that are morphing into our vocabulary almost on a daily basis. "Webinar" is one of those words. It's the latest tech approach to attracting and keeping a customer , and from everything I've seen and read, it works!
Good luck!
Theodore F. di Stefano is a founder and managing partner at Capital Source Partners, which provides a wide range of investment banking services to the small and medium-sized business. He is also a frequent speaker to business groups on financial and corporate governance matters. He can be contacted at Ted@capitalsourcepartners.com.
Google, Yahoo Rack Up Gains in Search Market Share January 16, 2007
Google and Yahoo continue to pile on the percentage points as their shares of the Internet search market grow. Google is still king, claiming 47.3 percent of the pie, while its nearest competitor, Yahoo, has a not so shabby 28.5 percent chunk, according to the latest report from comScore Networks.
Related Stories
Don't Be Shy About Jumping Into Conversational Marketing December 19, 2006
Conversational Marketing creates possibilities for up-selling and cross-selling, maximized revenues and profits and loyal customers. That's why all aspects of the organization must be involved in personalization and customization as viable business strategy choices. Top management must be involved and give support to the organization to accomplish these tasks.
SAS Upgrades Explore Digital Marketing November 08, 2006
Understandably, some firms are hesitant to tap the digital marketing channel. A text message could easily inspire the same customer outrage that fax marketing campaigns did 15 years ago when unsolicited, faxed ads quickly added up in cost to customers -- not advertisers. "Obviously, this is not something a firm could do randomly," said Larry Mosiman, a SAS product marketing manager.
Where Companies Are Getting Search Engine Marketing Results June 23, 2006
Finding prospects starts with a paid search strategy for many companies and evolves into SEO. To get maximum results from these combined strategies, companies need to commit to make SEO a part of their marketing strategies for the long-term.
Related News Alerts
More by Theodore F. di Stefano
Should My Startup Be Incorporated? March 05, 2010
The form of business that's right for you is something you should decide after consulting a professional. That said, it's helpful to know some of the basics in advance. Here's a rundown of some of the advantages and disadvantages of four common forms of business: sole proprietorship, partnership, corporation, and limited liability company.
The Unique Role of the Board Strategist February 04, 2010
Choosing a new board member for a company is seldom an easy task, but when directors find themselves at a creative dead-end, a shakeup is inevitable. In selecting a new board member, consider choosing someone to fill the role of the strategist. This person should have extensive business literacy, of course, but it need not be someone who's closely familiar with the workings of the company.
Where Is the Stock Market Headed? January 07, 2010
How much can we learn about the future of the stock market judging by what it's done in the past? Answers to that question range from "a lot" to "nothing," depending on who you ask. It's an incredibly complex system affected by countless factors and participants moving on a variety of short-, medium- and long-term commitments.