Should you charge for a webinar or webcast? Money matters can be tricky in a world where content is so easily and often freely available. But, for some companies, charging for webcasting content is a smart way to lift the bottom line. Ask yourself these questions to find out if offering paid live streaming is right for your business strategy:
- Is the webcast for marketing purposes? If generating leads or driving website traffic is the goal, then common business wisdom advises that the webinar should be free. It’s perfectly fine to collect information (contact info, web address, etc.), but avoid the urge to ask for a fee.
- Will attendees be willing to pay a webinar fee? Everyone has an eye on the bottom line these days, but it’s still important to consider the audience when deciding whether to charge for webcast events. For example, a homeschooling mommy blogger audience is likely less able to pay a webinar fee than a multinational corporation. Always consider the target before setting a price structure.
- Is the webcast for training purposes? Whether the content is designed for professional development or software training, chances are better that attendees would be willing to pay for learning opportunities. Be aware that some decision makers will view this type of online learning as voluntary, so prices generally need to be at the lower end of the scale.
- Is the content necessary for compliance? Compliance training is a must-have for a range of sectors, making it more likely an employer would be willing to pay for relevant, targeted webinar content.
- Can we make the payment process smooth? Not all live streaming webcast providers are set up to provide a payment solution that’s easy for you and attendees to navigate. Look for a web streaming company with the tools to integrate a range of payment options, from PayPal to credit cards.
For more info about offering paid live streaming content that includes stress-free payment solutions and mobile-friendly viewing technology, contact RollCall Business Conferencing.
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