Post-COVID-19 Survey H2: The New Normal

COVID-19 has led to unprecedented changes in socio-economic conditions globally. Organizational priorities have reformed across the board, with key objectives and focus areas being re-strategized for the post-COVID-19 environment.

 

Management Events sought how the COVID-19 pandemic continues to affect the European business community and what restrictions have been implemented for the second half of the year to ensure business continuity. These surveys reflect the views of almost a thousand EU delegates and solution providers that joined us in transitioning from physical to virtual events due to the COVID-19 pandemic. Here are the responses.

 


 

The results show that at least 70% of the respondents will not be attending any external or physical events, despite companies not setting a clear policy.

 

As the health crisis continues, studies predict an increased demand for virtual event platforms. At Management Events, we strive to broaden your network by connecting your business to 20,000 top decision-makers and 2,500 solution providers. Join us at our upcoming virtual events.

 

 

Blanket bans among the EU Member States against international traveling have been in effect since the first half of the year 2020. The survey results show that over 80% indicated their organization placed restrictions against international business traveling. Consequently, ICAO estimates a record-breaking -62% decline in world passenger traffic.

 

 

Interests in international traveling increased as the situation seemed to improve in September. However, the infection rates rose again, resulting in a dip that is consistent with the resurgence of cases. Employees are encouraged to work from home as much as possible and only meet physically or work from the office on crucial matters.

Online Connections: A New Normal For Online Events

Events are considered ubiquitous in most industries, especially those that focus on B2B. In-person events and conferences have always been seen as the most effective way to build and connect with other decision-makers.

However, the current global pandemic with COVID-19 has forced physical events to a screeching halt. But the temporary halt of physical face-to-face meetings does not mean the end of business connections.

We understand businesses still need to network and communicate with each other, even though we can’t be in each other’s physical presence. As such, we want to push the boundaries of business conferences by experimenting with online events.

Meeting and Engaging In An Online Space

Unlike web seminars, where it’s often one-sided in terms of engagement, online summits and online conferences can be highly interactive while giving a similar look and feel to physical events.

The current situation regarding COVID-19 has forced everyone to be stuck at home and many executives are struggling to find ways to expand their professional network. Without a means to network and communicate, many organizations are missing out on opportunities to establish business connections.

As such, online events are quickly becoming the means of communicating and networking for decision-makers and industry leaders. Given the bleeding-edge nature of this technology, online events can become the ultimate networking platform for many solution providers and businesses in the future.

Those unfamiliar with online events might be hesitant to jump straight in. Thankfully, today’s online conferences act similarly to conventional conferences and can be highly engaging.

Those attending these online conferences have the luxury of deciding which streams or sessions to attend. And with the help of modern technology, you can engage with speakers via polls, chats, and even live Q&As.

 
Sign up as a member of our Executive Business Network Aurora Live, to connect with leading CxOs across Europe all year round.
 

The Same Winning Matchmaking Formula

One of the key factors that make our events unique is our business matchmaking sessions.

With the power of technology, the same formula can be applied to our online events. While you might not be able to give a handshake to potential business partners, you can establish important business connections online through our digital events.

And yes – you will still get keynotes, speaker panels, 1-to-1 meetings, and tailored content pre-and-after the event. The only difference is that everything will be delivered to you online, at the comfort of your home.

Establishing Business Connections Anywhere

With online events, the notion of “being at the right place, at the right time” is out the window.

While the majority of businesses practicing remote working or work-from-home initiatives, online summits will be an indispensable outlet for CEOs, CFOs, and other high-level executives to network with each other while still getting the latest industry insights from thought leaders and influential speakers.

This Is The New (Online) Normal

It can’t be overstated how impactful the effects of COVID-19 has been towards businesses and major industries around the world. The scramble to transition towards digital communications and means of networking is now a priority for many organizations looking to adapt to the situation.

While there’s no denying the power of a meeting someone in person that can spark new ideas and opportunities through naturally engaging conversations. Due to the viral nature of COVID-19, the way face-to-face meetings are done will have to change, at least for now.

It will take some time before people are confident enough to be part of major physical events. However, just as one door closes, another (online door) opens and these online events will be the main outlet for people who are still keen to network with other executives and gain the latest industry insights.

4 Tips To Maximize The Benefits of Online Events

Maximize Benefit of Virtual Events

For many executives, online events can be quite intimidating as there are a lot of moving parts that they might not be familiar with. Especially if they’ve only ever attended in-person events.

However, entrepreneurs, businesses, and solution providers are exploring new avenues of networking and online conferences/summits can become the ultimate networking platform for many executives given the current circumstances regarding COVID-19.

If you’re a first-timer, it’s can be hard trying to figure out ways to maximize the benefits of attending online events. To help you out, we’ve highlighted a few tips that you can put into action and help make your online event experience a success.

So, are you ready to maximize to benefits of online events?

 

Tip #1: Managing and Scheduling Your Time

One of the biggest problems with attending conferences is finding ways to manage your time. While you might think that having a completely online event allows you to be a bit lax when it comes to punctuality, think again.

Timing (and being on time) is still important and since all presentations or keynotes will be digital, you can expect it to start and end on time. This is why, when you have access to the event’s schedule, you should manage and decide which speaker or showcase that you want to attend to beforehand.

Do a quick research on the speakers and determine which ones are more likely to give you insights. Set up a reminder in your calendar for their presentations and the meetings that you want to attend, but don’t forget to leave room for any other seminars that you might be interested in joining.

The flexibility of an online event also means that you don’t need to rush to an event hall and miss out on any keynotes from being late. Even if you’re currently working from home, all you have to do is just prepare your laptop and log in at the right time. So, there are no excuses to be late!

 

Tip #2: Actively Participating and Constantly Engaging

We know face-to-face networking is the most sought-after experience for physical conferences but when you’re in a presentation or keynote, all forms of communication are on-hold and the experience tends to be one-sided. This makes it hard for you to discuss with others until the presentation is over and the floor is opened to the audience.

With online conferences, some of the most engaging and informative discussions can occur during the online presentation as attendees can actively participate by talking directly to the speaker or with each other.

Since you’re participating in the discussion in real-time, the presenters themselves and the moderators can see and react instantaneously to your comments and thoughts on the presentation without disruption. This gives you plenty of opportunities to gain insights directly from the speakers themselves.

 

Tip #3: Constantly Networking With Everyone

Online conferences/summits have a much wider geographical reach which allows attendees from all over the world to join the event. With that, you now have a deeper pool of people that you can network and develop business opportunities with.

Many deals and profitable business relationships start over (online) drinks at a conference event and you shouldn’t pass up the opportunity to meet with like-minded entrepreneurs, investors, event speakers, and event organizers to pitch yourself as a potential business partner.

Be active and participate in roundtable discussions, or our Campfire, and discuss with your peers and the speakers on the keynote presentation. By doing so, you’ll gain access to insights and industry knowledge that you normally wouldn’t get in a typical in-person conference.

Talk and engage with other attendees in the chat during a presentation. Exchange emails and social media links when you have your online 1-to-1 sessions. Follow up with each valuable connection that you’ve made during the events and fully optimize your online networking experience.

 

Tip #4: Taking Advantage of The (Digital) Convenience

Since larger conferences tend to have multiple sessions overlapping or running at the same time, you often have to choose which sessions you want to attend. This is why you need to take advantage of the unique conveniences that online events offer by having the ability to attend multiple sessions at once.

And the process is as simple as having multiple windows open for the session that you want to attend, and just switching between them when you want to move between the different keynote presentations.

Of course, a big convenience that online events offer is to remove the logistical issues that you often associate with physical events such as traveling, accommodation, and just having enough time for 1-to-1 meetings.

While it’s by no means able to completely replace physical events, you have greater conveniences as you have more access to different sessions and more time to network with the right people.

 

Final Thoughts

Gathering like-minded people in one location is one of the most powerful aspects of conferences and while online events might not be able to completely replicate the same face-to-face connections, you can still maximize the benefits of online events by following our actionable tips above.

How To Optimize Virtual Networking

Virtual networking

Networking in online events is vastly different from the face-to-face interactions at live conferences and forums. When you’re missing the essential human contact and full body language, you’ll need to rely greatly on your content, presentation, and most importantly, active listening skills to ensure a great networking session.

Here are some tips on how you can optimize virtual networking at digital events and organize an effective online meeting.

Impression

In any face-to-face meeting, the first impression you set is critical, and the same is true for virtual networking. But it’s not just about the way you’re dressed.

As remote working increases and more sales are conducted through video conferences from the home or office, the environment you are calling from, both physical and online, becomes a part of your impression. This includes the smoothness of the video call.

Aside from a professional appearance, you should also ensure that:

  • You are familiar with your laptop or computer settings to prevent any technical or audio issues that may arise during your meeting with the decision-maker;
  • The online conferencing program is tested and set up in advance so that you know how to navigate through the application. You should also make sure that the application allows file and screen sharing so you can easily share information with your client;
  • Your headphone, webcam, and microphone are all in working order for a steady flow of communication;
  • All pop-up notifications are turned off to prevent distractions and accidentally sharing confidential or irrelevant information with your client. You might also consider putting your phone and messages on silent or Do Not Disturb mode as opposed to vibrate, which can still be picked up by your mic.

To minimize other potential interruptions or disturbance, set your conference call in a quiet area of your home or office. Additionally, pick a place with a neutral background and good lighting to show a professional image of yourself.

Content

As Cvent puts it, “In a virtual setting, your content is your event”, and the same applies in virtual networking.

In online meetings, you need to capture the full attention of your client. Therefore, your content needs to be both engaging and powerful. And the best way to do that is to ensure your content is appealing and applicable to the decision-maker and presented in a concise and easy-to-understand manner.

  • Visuals

Based on an article by SalesFuel, a verbal-only approach in online calls leads to less engagement and recollection of your message. In fact, 87% of sales representatives either rarely or never used visuals to engage the prospects during their online meetings.

Make your remote presentation more engaging by sharing your screen, which allows you to show your files, links, images, and presentation in real-time. Brief and engaging videos serve as an effective tool to highlight key aspects of your presentation, ensuring sustained interest from your clients, especially during CXO meetings where time is highly valued.

If you are doing a PowerPoint presentation, make sure that the slides are clean with minimal wordings, and use high-quality images to avoid pixelation. Also, don’t be afraid to draw or write on the slides to emphasize certain points. Movement on the screen captures the attention of your audience and helps to maintain their engagement level.

  • Narration

As with every story, your sales narration should have a beginning, a middle and an end, with some elements of suspense.

Rather than presenting cold hard facts on your slides, tie them all together into a continuous and intriguing thread of information. Your content should encourage your prospect to think so consider adding some open loops with questions or concepts that will be addressed at the end of your presentation. 

Tone is another aspect you can optimize for your online sales meeting. Keep your tone energetic and enthusiastic. Emotion can be contagious and leaves a long-lasting impression. So while your prospect might not exactly remember your words, they will remember your passion and how you made them feel with your presentation.

Active Listening

Active listening is a vital part for every sales, regardless if it’s done online or physically. While you might want to showcase your solution and all its benefits, listening to your potential client is the basis for a solid interaction and will help you to better understand their needs.

Try to implement these points for effective active listening:

  • Maintain eye contact – Look at your webcam instead of the screen. It might be a subtle move, but looking directly at the camera gives the impression that you are looking at your client and builds a stronger connection.
  • Positive body language – Even during an online meeting, you should be aware of your body language, including your posture, facial expressions, and hand gestures. Use these non-verbal signals to project confidence and attentiveness. Also, keep an eye on your client’s body language if they are on video. Their gestures and expressions will indicate if they’re getting distracted or losing interest.
  • Seek clarification – Asking specific open-ended questions helps to ensure that you have a clear idea and understanding of your client’s needs and pain points. At the same time, encourage your prospect to ask questions so you can alleviate any concerns they may have.
  • Listen for the meaning – When the decision-maker is talking, don’t just listen to the facts. Go deeper to find the meaning, and possible opportunities, behind their words.
  • Give your full attention – Avoid thinking of your responses while the client is talking. Your facial expression will show on the video call if you are not 100% focused on what they are saying. Furthermore, inattention can cause you to miss out on key points of the discussion.

Adapting to virtual networking may be daunting for some salespeople. But by optimizing your online sales meeting, you can discover new ways to better serve and communicate with your clients while gaining opportunities to assist new prospects looking for solutions during tumultuous times.