Intelligent Tech Channels Issue 32 | Page 58

CHANNEL INSIDER Glyn Yates is Principle Consultant, GTM International. In this monthly column for Intelligent Tech Channels, he shares his expertise and views on the channel and partner community. DISCLAIMER: I have walked many roads and worn many hats and, although my experience and expertise can be valuable, my outlook on the world at large is my own and does not necessarily represent that of ITC. The webinar is dead, long live the webinar During lockdown the ‘event’ calendar has been wiped clean and this has created a massive hole in marketing plans. There are some glimmers of hope and a few regions are optimistic of hosting local and international events later in the year but the confidence from the ever-important attendees is at an all-time low, coupled with uncertainty about travel restrictions and company policy. There are many companies and vendors which have restrictions in place until a minimum of the end of the year and others are monitoring month by month. We see the new spikes/waves hitting our friends across the globe for what seems like Round 2 of a heavyweight clash and while we are all wishing to go back to ‘normal’, we can all agree the ‘new’ and ‘next’ normals will guide our new and next strategies. Many of our friends in the event space have experienced an annus horribilis. Interestingly, this has provided an unusual upside. Events are expensive – from a halfday cookie cutter seminar costing US$5,000– US$10,000 to full-blown events such as RSA and GITEX costing US$10,000–US$100,000+ to exhibit, sponsor or even attend. That means a lot of marketing funds to reallocate and a lot of marketing resources now focused on other channels. Attention shifted to the webinar and has largely stayed on the webinar – and for good reasons. Before COVID times, the webinar was seen as one of the most effective sales engagement tools – it could reach a wide audience, had engaging content, was easily consumed, could be recorded/published and offered on demand, was relatively inexpensive to produce and generated relatively strong leads in the form of MQL and SQL, with lead nurturing and direct follow up by sales teams easily accomplished on the back of the session. Then the world changed and if we look back into the early COVID days, not only did the market dynamic change and the go-to-market shift, but marketing needed to rebalance and align to what was possible . . . the webinar became king. Faster than you could say face mask, every marketing engine roared into full throttle pumping out webinar after webinar, replicated by all vendors in all sectors. Mr Customer was in for a shock – and an absolute bombardment. Very soon we had cookie cutter webinars dominating our calendars – 100 webinar requests from 100 vendors wanting you to see how they secure endpoints . . . who to choose to watch and why? Too much of a The best marketeers understand they must love their customer, trust their product and differentiate the engagement. Glyn Yates, Principle Consultant, GTM International good thing and the webinar has become a victim of its own success. So, what’s the answer? Ditch webinars? Of course not – they can be very effective – but here is where marketing teams have such a vital role to play. The content will take care of itself, but the key element is in differentiating the actual engagement. The standard ‘speaker/slides/Q&A’ format no longer commands as much attention or initial interest. So, what can be done? Well, a few ideas that you may want to consider. Think about creating intrigue in the buildup, draw the customer towards the session. Ask for the customers input to the session, a simple survey on what they want to see, not what we want to show them. Allow questions at the beginning of a webinar – have flexibility to bring that into the session. Create mid webinar engagement – peer breakouts or audience participation. Build a reputation for having surprise guest presenters (of value or humour) – your post webinar actions and recordings will have such a higher impact if you also introduce that an expert/celebrity joined the conversation, even if it was a two-minute video segment. Host small round tables and discussion panels, whether customers or experts . . . leave the slides at home. And there are plenty of other ways to differentiate. Today, I see many companies which love their product and trust their customer to differentiate. The best marketeers understand they must love their customer, trust their product and differentiate the engagement. The webinar can be king again. • 58