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Virtual Meetings Cut Travel Costs


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Virtual Meetings Cut Travel Costs

  1. 1. ==== ====MeetCheap: Stream Your Webinars LIVE on facebook! - Talk abouthugely VIRAL.. Go here the check it out: ====A majority of companies have higher travel expenses than they need," says Alisa Jenkins, seniordirector at Bredin Business Information, a business consulting firm. "This doesnt mean you haveto cut out all travel. There are still many cases where meeting face to face is best. But there arealso good ways to meet virtually that can make many of your business trips unnecessary."Alternatives to business travel - such as web conferencing with Microsoft Office Live Meeting orsimilar products - continue to improve with advances in internet and related technologies, mostagree. Well address the options, including video conferencing, teleconferencing, onlinecollaboration tools and the web conferencing in detail below.But first: When do you absolutely need to meet? Here are some scenarios mentioned by experts:You are meeting a new client.You are introducing new people - perhaps your replacement - to an ongoing but importantbusiness relationship.You are attempting to close a significant sale or cut an important deal.You are delivering a product that you must demonstrate.You need to resolve a controversial or complex problem, or discuss top-secret matters such asan acquisition or merger.You need to meet with an attorney to discuss legal matters.You need to solicit money from an investor.You are making sales or training presentations and your materials are best presented in person.Your competitors are meeting face to face with a client you want. Perhaps you could add other scenarios specific to yourcompany or industry. The point is, meetings remain critical to the success of your business.However, there are many meetings where technology can substitute for travel easily andeffectively."You generally need to find the wherewithal to make that initial contact face to face," says DianeParks, an information technology products reseller. "But once you have established a relationship,technology can save you time and money for your later meetings.""It depends on the level of importance and whether deal-making is involved," adds Bruce D.Phillips, senior fellow for regulatory studies at the United States-based National Federation ofIndependent Business. He says there are times when professional meetings, like conventions,may be dispensable.
  2. 2. With increased airport security and the time it takes to get through airports now, the "quick trip" -where you fly to and from a meeting on the same day - isnt so quick, or practical, anymore, Parksadds."Virtual meetings" may not be as much fun, but they can allow you to get a lot of work done at lessexpense. Heres a rundown of the alternatives:Video Conferencing An interactive use of video, computing and communication technologies toallow people in two or more locations to meet - either one-on-one or in groups of up to a dozenpeople or so - without being physically together. Video can be streamed over the Internet orbroadcast over television monitors.Pluses: High-end video conferencing systems (such as those owned by many larger corporations)can bring together large groups of people in disparate locales to hear speeches and presentationsin a broadcast-quality setting. But video conferencing today also can be done on the cheap, withinexpensive webcams and free or low-cost software, such as Microsoft NetMeeting.Minuses: Unless you go to a video conferencing centre, audio and video equipment must bepurchased. (NetMeeting, for example, requires a PC sound card with a microphone and speakers,as well as a video capture card or camera for video support.) Most video conferencing providerscharge by the hour, so you may feel pressured to end on the hour and leave business undone.Web Conferencing Video conferencing without the video - or, put another way, teleconferencingwith the addition of the web for interactive presentations, using PowerPoint, Excel or otherdocuments. Audio can be transmitted by telephone and/or PC microphones.Pluses: All you need is Internet access and a phone. You can make presentations at once to asmany as 2,500 people in different locations. You dont have to email the PowerPoint slides orother documents to your audience ahead of time - you use the visuals and highlight points in realtime. Other participants can also use drawing tools to make points or take control of yourpresentation as well. NetMeeting works well for web conferencing as well.Minuses: Its certainly not the same as meeting in person, and you miss out on peoples facialexpressions and body language, unlike video conferencing. But for straightforward business planreviews, sales meetings, software demonstrations and customer presentations, it works - andbrings a lot of people from far and wide together for one meeting.Teleconferencing Teleconferencing services are offered by long-distance carriers or independentservice bureaus using sophisticated call connection "bridges" to join many different phone callsinto a single conversation.Pluses: Calls can be set up quickly and easily, at relatively low cost. All you need is a telephone.Accompanying documents can be faxed, emailed or shipped overnight to meeting participants inadvance, if necessary.Minuses: Teleconferences work well for simple information sharing and straightforward decision-making that require no visual presentation. But they are not a suitable way to discuss more-
  3. 3. complicated matters, which could be presented better via web conferencing. Teleconferencingalso is not a desirable way to begin or even further an important business relationship. But, in apinch, it can accomplish a lot.Online Collaboration Tools While email remains a key business tool, this discussion will focus onextranets - private websites that allow you to share files, documents and use message boards withselected customers or partners.Pluses: Having an extranet wont take the place of a long-distance meeting using one of thealternatives above. But it can, over time, reduce the need for some meetings by allowing you tohave ongoing communication and document-sharing.Minuses: You can communicate in real time using chat or instant messaging, but mostcommunication is not interactive. Extranets, however, effectively can turn a teleconferencingsession into a web conferencing one if all of the participants have access to the private site.Monte Enbysk is managing editor for U.S. small-business editorial content at Microsoft.Article Source: ====MeetCheap: Stream Your Webinars LIVE on facebook! - Talk abouthugely VIRAL.. Go here the check it out: ====