B-to-B Events

When the economy took a turn for the worse, many companies began taking a hard look at virtual environments as an alternative to live events, or at least as a part of the package. But if the down economy hadn’t been enough to convince companies about the benefits of virtual, the Icelandic volcano Eyjafjallajökull that erupted unexpectedly this spring and caused air travel to come to a halt because of a menacing ash cloud served as yet another reminder.

As part of an effort to educate older consumers about Connected Care, the nation’s first telehealth network, UnitedHealth Group brought its 18-wheel Connected Care mobile clinic to the AARP Orlando@50+ national convention and expo held earlier this month. The stop was the latest in a national mobile tour that launched in 2009 and has visited state capitols, customer locations and industry events.

Event marketers are known for their ability to take an idea from concept to execution quickly. However, even they agree the turnaround times are getting tighter as program time frames continue to shrink. Are shaky budgets delaying sign-off on program costs? Is technology fueling the last-minute frenzy? Or, is it just the new speed of business?

Health care company Medco generally spends about $3,000 per person at its annual 800-attendee sales conference, which brings together three of its markets—employer accounts, key accounts and health plans—for training and networking opportunities. But in 2009, when the unsettling economy caused companies to tighten their belts and Medco’s customers to cut travel budgets, its remedy was a virtual conference, the 2009 Market Group Virtual World (Unisfair, Menlo Park, CA, handled). The cost: a mere $62.41 per person.

Conventional wisdom dictates that the best way to woo those hard-to-impress c-suite decision makers is to fly them all to the Seychelles, put them up in the swankiest all-inclusive resort, buy them a few rounds of golf and along the way, chat up your product. The thing is, sometimes it’s better to leave the gravy at home and focus on the meat.