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Local Street Events

Building a Community Based Events Business

Thursday, September 16, 2021 12pm EDT to 2pm EDT

Virtual Event Free Event
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A community-based approach to your customers can drive a more resilient and successful business model.


Session dates:

Tuesday, September 14, 12pm - 2pm ET

Wednesday, September 15, 12pm - 2pm ET

Thursday, September 16, 12pm - 2pm ET


We hope you will be able to attend all sessions, but please do not hesitate to register if you're only available for one or two sessions.


Digital and hybrid events are now a long-term part of the event mix, but the shift to digital has made many organizers question their model. When the value you add in providing learning, networking, and connecting an industry is de-coupled from the particular "moment in time" of a physical event, how can you maintain market engagement, create barriers to entry for competitors and demonstrate continuing value on digital platforms.

Becoming a centerpoint for your community isn't an easy pivot from the traditional event business model, but it has been proven to deliver rewards in terms of stickiness, profitability, and engagement.

Join our training to find out how a community-based approach to your customers can drive a more resilient and successful business model as well as open up new routes to monetization.

 

Key take-aways

Build your niche: Although it may seem counter-intuitive not to chase volume, the value of a highly targeted, well-engaged audience has never been better appreciated.

Keep engagement levels high: A community needs constant sustenance to work and grow. Engagement based around infrequent events won't work—you need a content and engagement strategy to keep interest high.

Offer more than you have to: This doesn’t mean under-valuing your offering, it means valuing your community enough to want to engage and contribute in non-monetizable ways.

Earn the 'right to play': If you’re asking your community for their time and money, they need to trust that you have the expertise and commitment to deliver what they really need.

Work out your monetization model: From subscriptions to branded partnerships, brokerage fees to consulting – monetizing your community will be a fine balancing act between your output and their needs.

 

Outline

Session 1: September 14, 12pm - 2pm ET
What is a community and can it work for you? ​

  • Why are community business models so popular at the moment?
  • Distinguishing a community business model from other routes to market and identifying the fundamentals which will drive success for your business
  • The key elements needed for community: the roles and processes you need to consider before embarking on this model
  • What expectations do audiences have for a community
  • The "building blocks" of community—critical elements which will deliver community success
  • Communities that work and case studies on successful pivots to a community model
  • There is no one "community" model: understanding your market and your resources to determine the best fit for your business


Session 2: September 15, 12pm - 2pm ET
Building and engaging your community

  • Defining and growing your expertise
  • The importance of niche and market connection
  • The role of advocates and how to build loyalty and advocacy in your community
  • Mapping personas: understanding market engagement for your community model
  • Balancing community with (and incorporating community into) your face to face and digital events mix
  • The processes and systems you need to consider to develop a seamless customer interface
  • An overview of community platforms and what they can offer to you


Session 3: September 16, 12pm - 2pm ET
Content and monetization

  • Community isn't just content ... but getting your content right will power your community
  • Finding the right fit content and communications to drive value for your market
  • Who generates content? Supporting your team and working with third parties
  • Earning the "right to play" within your market
  • Examples of how communities have been monetized and how community-focused businesses accelerated during the pandemic
  • The role of good data management in community
  • How can communities be monetized? From increased event engagement to subscriptions, monetizing your data and connections to XaaS

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