How To Increase Seminar/Conference
                               Registrations With Irresistible Offers
                 ...
What are some ways to turn the cancellation policy into an irresistible offer? One choice is to
drop all cancellation pena...
Use Pricing Discounts - Fifth, a provider can use pricing discounts to create an irresistible
offer. By offering a price d...
registration fee for participants from selected market segments without alienating participants
who are paying the full pr...
Alternatively, a provider may want to establish a waiting list. Participants who call after a
course is full would be put ...
Other providers may think participants will exploit an irresistible offer. For example, a
     provider may feel attendees...
Upcoming SlideShare
Loading in...5
×

Irresisibleoffers[1]

326

Published on

How to get people to book on your seminars and conferences ....by creating an offer they can't refuse ...

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
326
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Irresisibleoffers[1]

  1. 1. How To Increase Seminar/Conference Registrations With Irresistible Offers By, Ralph Elliott, Ph.D. When planning a program, most seminar/conference providers conduct extensive needs analysis to determine content, presentation dates, and location. Providers also research competitors and complete financial scenarios to determine the registration fee. While doing the needs analysis and financial planning, providers develop data bases and promotional literature to sell the course. Having thoroughly planned their marketing mix, seminar/conference providers begin their sales campaigns, expecting high enrollments and a lucrative return on the venture. Unfortunately, these quot;best laid plansquot; often go awry because the provider has not made the seminar/conference offer irresistible. Ralph Elliott, world- renowned event By combining an irresistible offer with a well-planned seminar/conference marketing plan, a marketing expert and creator of the provider can increase registrations. What are some of the characteristics providers should “Effective include in an irresistible offer? Seminar/Conference Marketing” Provide Registration and Payment Options - First, the seminar/conference provider should workshop. give the prospective attendee both registration and payment options. A provider can give registration options by permitting prospective attendees to register by toll-free phone, by Fax, or by mail. Other response options include voice mail and email. Payment options should include (a) enclose check with registration form, (b) VISA, MasterCard and American Express payment choices, (c) bill me, (d) letter of intent/purchase order enclosed, or (e) pay at the door. Continue To Sell After the Sale - Second, providers should spell out on promotional literature what registrants will receive after enrolling in a particular seminar/conference. For example, providers should state registrants will receive a confirmation letter. Providers should quot;continue selling after the salequot; by noting in promotional literature that immediately after registering, a prospective attendee will receive a questionnaire to supply questions to the speaker(s). Providers might consider mailing registrants (a) copies of recent articles by the speaker(s), (b) a list of registrants by name/organizational affiliation, (c) detailed information on seminar starting and stopping times, breaks, and social functions, (d) alternative transportation choices, along with corresponding costs and (e) a reminder notice about one week ahead of the seminar/conference start date. By continuing to sell after the sale has been made, a provider reduces the likelihood that quot;buyer's regretquot; will cause the registrant to cancel or to become a no-show. Have An Irresistible Cancellation Policy - Third, a seminar/conference provider should have an irresistible cancellation policy. Instead of being friendly, some providers charge $100 to registrants who change plans and cannot attend. In other cases, providers impound a registrant's total registration fee if he/she cancels within five days of the program. Other providers state registrants are liable for the registration fee if they fail to cancel and have not paid. Oftentimes, these same providers note in their promotional brochure they reserve the right to cancel the seminar/conference and they are liable for refunding only the registration fee. Registrants who have purchased non-refundable airline tickets to attend the seminar/conference absorb the cost when the provider cancels the course.
  2. 2. What are some ways to turn the cancellation policy into an irresistible offer? One choice is to drop all cancellation penalties and restrictions. Providers of high-price/high-profit-per- participant seminar/conferences should consider taking this course of action. In fact, providers should capitalize on a quot;no riskquot; cancellation policy, encouraging unsure registrants to register simply because there are no cancellation penalties. Once a prospect has registered, a provider can begin the quot;selling after salequot; campaign mentioned above to convert the tentative registrant to a firm sale. Providers with low-price seminar/conferences with small profit margins per attendee should impose cancellation charges no greater than the actual transactions cost of handling a change. Ideally, a provider should convince the canceling registrant to leave the monies with the provider in a quot;hold on accountquot; file for future use on other upcoming meetings. If the canceling attendee agrees to the transfer, no cancellation charge should be imposed. Of course, in all cases, participants should have the option of having a substitute attend a meeting in his/her place. How about liability statements? Providers should consider dropping quot;limited liabilityquot; statements from seminar/conference promotional literature. By using such statements, a provider may give a prospective registrant the impression the provider often cancels seminars/conferences. Otherwise, why would the statement be included in the offer? By planting a seed of doubt in the prospect's mind, a provider creates uncertainty about whether a seminar/conference will quot;make.quot; One result of the uncertainty is prospective attendees will postpone their decision to register until it's certain the seminar/conference will make it. As prospective attendees collectively wait, the seminar/conference provider may lack enough enrollments at the go/no-go date and have to cancel the course. Of course, a provider would like to market only programs that have a high likelihood of making it. In instances where enrollment is only a little lower than expected, a provider should go ahead with the meeting to avoid a quot;cancellation reputation.quot; If the provider must cancel because to hold the session with such a small audience would be embarrassing and/or the incremental costs of presenting a course exceed the actual or anticipated revenue, the provider should stand prepared to reimburse attendees who have purchased non-refundable airline tickets plus take what other steps are necessary to maintain good customer relations. The seminar attendee should not bear a cost as a result of the provider's decision to cancel a meeting. Give A Money-Back Guarantee - Fourth, providers should use money-back guarantees to create an irresistible offer. With a money-back guarantee, a provider offers to refund the registration fee if an attendee is dissatisfied for any reason with the program. By including a money-back guarantee in the offer, a provider builds credibility with the prospective attendee. Knowing the provider will give a refund helps convince the attendee a quality program is being offered. A provider can structure a money-back guarantee in several ways. In some cases, providers guarantee participant satisfaction by the mid-morning break on the first day. In other instances, providers offer participants a lifetime money-back guarantee. Most providers offer a refund at the conclusion of the program. One of my clients offers a quot;double-your-money-backquot; guarantee. In this case, the provider offers to pay the prospective attendee twice the registration fee if he/she doesn't receive the benefits promised in the promotional brochure. A provider should carefully choose the wording in the money-back guarantee statement. The provider's wording should presume the attendee will be satisfied with the seminar/conference. Otherwise, a provider may unintentionally plant seeds of doubt in the mind of the participant. After the positive reassurance, a provider should give the refund policy.
  3. 3. Use Pricing Discounts - Fifth, a provider can use pricing discounts to create an irresistible offer. By offering a price discount, a seminar/conference provider gives a prospective attendee an opportunity to save on the registration fee. Pricing discounts are typically based upon timing, volume, and/or type of organization. In the case of timing, providers offer a discount to prospective registrants who enroll before an established deadline. The reduced price is sometimes called quot;an early-bird registration fee.quot; Providers who present annual conferences often use early-bird registration fees to encourage prospective participants to take immediate registration action. Participants who prefer to register just prior to a meeting may feel the provider's timing discount is a penalty. These registrants may feel the provider is taxing their decision-making style. As a result, they may call the provider after the price reduction deadline, ask for the discount, and threaten not to attend if they do not receive the discount. A provider's early-bird discount also has implications for marketing lead time. Once a provider establishes a pricing discount deadline, he/she should make sure prospective attendees receive promotional invitations well in advance of the deadline. In many cases, original recipients pass promotional invitations along to colleagues/friends. If the provider does not use an adequate lead time, some prospective attendees will receive an invitation after the pricing deadline has expired. These recipients will be upset to learn they do not qualify for the reduced price. They will not perceive the provider's offer as being irresistible, but instead resistible. Because a provider may lose registrations with a price discount based upon timing, some may want to offer a price discount based upon volume or type of organization. With a volume discount, a provider typically offers a reduced registration fee to additional individuals from the same organization who is registering for a given program. Typically, the second or third participant pays ten to fifteen percent less than the first registrant. In some instances, providers charge the full price for the first three registrants, and then the fourth registrant is free. When offering volume discounts, most providers require all registrants from a particular organization enroll at the same time for the same course to qualify for the discount. Requiring all to register at the same time simplifies bookkeeping. Volume discounts based upon group registrations are sometimes called quot;teamquot; discounts. When giving a volume/team discount, providers should note in their promotional literature team attendance is encouraged. A special section in the promotional brochure should discuss the merits of team attendance and encourage multiple registrations from an organization. At the same time, a provider should design the registration form so multiple attendees from the same organization can easily reserve space at the seminar/conference. In other words, the price discount, the team attendance statement, and the registration form should all complement one another. To create an irresistible offer, providers may want to give price discounts across multiple sessions of a seminar. For example, a provider may present four sessions of a seminar at different locations and dates. Price discounts could then be given to organizations that send attendees to several sessions. In this case, the provider gives a quot;packagequot; discount. Some providers give price discounts based upon type of organization. For example, for-profit providers often let participants from non-profit organizations attend at a reduced price. When offering a lower price to participants from certain kinds of organizations, a provider must make sure participants who pay the full price will not object. A provider does not want his/her full-paying customers to feel cheated because some participants are attending at a reduced price. A provider might call these discounts quot;tuition scholarships.quot; By calling the price discount a scholarship in the promotional literature, a provider can reduce the
  4. 4. registration fee for participants from selected market segments without alienating participants who are paying the full price. A provider may want to offer a reduced price to association members. Perhaps, a provider has an association as a co-sponsor. All participants who are members of the association receive a price discount. Or, association providers may give a price discount to their members. In other words, a non- member pays more than a member. Sometimes the quot;spreadquot; between member-non-member fees is almost equal to the cost of membership. By illustrating the benefits of membership, an association provider encourages non-members to become members. A provider may want to offer quot;menuquot; pricing to create an irresistible offer. With menu pricing, a provider gives prospective participants numerous purchase options. During an annual conference, a provider may have concurrent sessions, numerous social functions, seminars within the conference, spouses' tours, and field trips. With menu pricing, the provider lets the prospective attendee select and pay for the areas of interest. In other words, each event is priced separately. So the provider lets the prospective attendee choose a selection of activities that best fits his/her needs. At the same time, most providers offer a quot;packagequot; price to participants who buy all of the scheduled activities. Spell Out Enrollment Limits - Sixth, a provider should make judicious use of a quot;limited enrollmentquot; statement. Often promotional literature states quot;enrollment is limited so register now.quot; Providers use the statement as a technique to encourage prospective attendees to take immediate registration action. Unfortunately, providers mislead prospective attendees if enrollment is not truly limited. Prospective attendees may infer from the limited enrollment statement that class size will be small -typically in the twenty to thirty attendee range. When the attendee arrives at the program and finds a relatively large class (perhaps over 100 participants), he/she may feel deceived. A provider can use a limited enrollment statement several ways. First, the provider can list in the promotional literature the limited enrollment number. For example, a provider might say enrollment is limited to thirty attendees. By spelling out the actual enrollment number, a provider adds credibility to his/her limited enrollment statement. By putting a cap on enrollment, a provider clearly demonstrates the seminar/conference is exclusive and only a select few will attend. A provider should use a limited enrollment number that is credible. If a provider says enrollment is limited to 150 attendees, he/she may lose the credibility established by the exclusivity of limited enrollment. In other words, a provider needs to have congruence between the limited enrollment statement and the number of participants allowed in the course. Sometimes, a prospective attendee will purchase a non-refundable airline ticket prior to registering in a limited enrollment program. Later, the individual attempts to register and is told the class is full. The prospective attendee pleas to be admitted to the course. When refused admission because the class is full, the prospective attendee becomes very upset. To head off this problem, a provider should state in the promotional literature prospective attendees should register before purchasing non-refundable tickets. A provider limiting enrollment should exercise care in quot;overbooking.quot; If enrollment is allowed to exceed the specified number and if all registrants show up for the course, a provider may be accused of misleading participants in his/her program offer. Before overbooking, a provider should analyze past cancellation/no-show percentages. From this research, a provider can estimate the number of cancellations/no-shows for an upcoming course.
  5. 5. Alternatively, a provider may want to establish a waiting list. Participants who call after a course is full would be put on the waiting list. As soon as a cancellation is received, a provider would register the first person on the waiting list. With this approach, the provider eliminates the risk of having more participants at the course than specified in the limited enrollment statement. While maintaining a waiting list, a provider may want to call all currently enrolled registrants to confirm the registrants are planning to attend the seminar/conference. By reconfirming the participants, a provider can identify potential cancellations/no-shows and go ahead and register individuals on the waiting list. Sometimes, a provider may not have a large enough staff to call all enrolled participants. In this case, the provider may want to only call the participants who have not paid. Usually, unpaid participants are more likely to be cancellations/no-shows. Humanize the Registration Process - Seventh, a seminar/conference provider should create an irresistible offer by humanizing the registration process. By humanizing the process, a provider makes the potential registrant feel comfortable with the entire registration process. What are some ways to humanize the registration process? In some cases, anxiety arises because a prospective attendee may feel the provider's organization is an impersonal entity. This is especially true if the seminar/conference provider is a large organization. The provider can help to reduce this anxiety by listing a staff member's name for the prospective attendee to call to register. By listing a name with the registration number, a provider convinces the prospective attendee that he/she will receive personalized attention. A provider reassures a prospective attendee individual attention is being given to registrations. In some instances, providers may list a fictitious name along with the registration phone number. This is often the case where providers have a large volume of incoming registrations. When a prospective attendee asks for the fictitious name, a provider's registrars know the caller is a registrant. The registrars may tell the caller the person listed with the registration phone number is away from his/her desk but he/she will be happy to handle the registration. Listing a contact person's name is another way a provider can humanize the registration process. Oftentimes, a potential attendee has questions about the seminar/conference content the registrars can't answer. Rather than have a registrar relay an inquiry, a provider might consider listing the name and phone number of an appropriate contact person for each seminar/conference. In the promotional literature, the provider should recommend prospective attendees call the registrar to register or call the contact person for more information on the seminar/conference. In some cases, a provider may not have a contact person available to list on the promotional literature. If so, the provider should ask the registrars to keep a record of the most commonly asked questions. Answers to the commonly asked questions should be developed by the seminar/conference director or a speaker and given to the registrars. Armed with answers, registrars can effectively handle questions and convert inquiries into registrations. A Final Thought - As a rule, a provider will find an irresistible offer will produce more registrations than an unfriendly offer. Registrations at seminars/conferences will be higher, attendance will increase, and the bottom line will improve. In some instances, a provider may feel a less friendly or harder offer will give the best return. These providers may feel a hard offer gives their seminar/conference credibility. For example, a provider may feel a tough cancellation policy ensures only highly committed prospects will register.
  6. 6. Other providers may think participants will exploit an irresistible offer. For example, a provider may feel attendees will take advantage of a money-back guarantee. Some providers may feel uncomfortable with the uncertainty created by an irresistible offer. These providers want to know the final enrollment in a seminar/conference several weeks prior to the starting date. By using registration deadlines, early-bird discounts, and large cancellation penalties, these providers are able to establish enrollment counts well in advance of the start date. Certainly, different strategies may work for different providers. When using a hard offer, a provider should recognize its potential impact on enrollment. A provider may use a hard offer to build credibility, eliminate refunds, and reduce uncertainty; a provider may also find the cost of a hard offer is reduced registrations. Ultimately, a provider may want to split test irresistible versus a hard offer. With a split test, a provider can calculate which offer produces the most profit. Or, a provider may want to ask the target audience which offer is most acceptable. To question the audience, a provider might use a combination of approaches such as questionnaires, focus-group interviews, or education committees. After evaluating the results of the research, a provider can determine the most suitable offer for the audience. A provider should carefully monitor how successful competitors structure their offers. If competitors use hard offers, a provider may want to use an irresistible offer as a tactic to beat the competition. If competitors already have irresistible offers, a provider may want to match the competition and compete on some other basis. In conclusion, providers should realize that product or course development, pricing, promotion, and presentation are essential determinants of seminar/conference success. However, a provider should combine the traditional four P's of marketing with an appropriately structured offer to maximize profits. More often than not, a provider will find an irresistible offer yields the best overall return. Ralph Elliott, world-renowned event marketing expert and creator of the “Effective Seminar/Conference Marketing” workshop. Contact him at elliot@clemson.edu, call 864.710.2815 or to view upcoming seminar dates, go to http://www.clemson.edu/esm/ © Ralph Elliott, 2008 JOIN Elliott's Seminar/Conference Marketing List Serv

×