Conference and Event Value Propositions
The following is an excerpt from our book, Pricing for Associations, available now on Amazon.
Conferences and events organized by associations are pivotal in delivering value to members and sponsors. To effectively convey the worth of participating in these gatherings, associations should present a well-rounded set of value propositions, embracing both quantitative and qualitative advantages.
Quantitative Value Propositions: Measurable Returns
Quantitative value propositions for conferences and events concentrate on the concrete, measurable benefits that participants can anticipate. These benefits offer clear indicators of the practical returns on their investment. Consider the following quantitative value propositions:
Educational Content: Conferences offer a set number of educational sessions or workshops, allowing attendees to quantify the volume and depth of knowledge they can gain.
Networking Opportunities: The number of networking sessions, exhibitors, or attendees at an event provides quantitative value. Attendees can gauge the extent of their networking possibilities.
Cost Savings: Many conferences offer discounts or early-bird rates for registration, enabling attendees to calculate their financial savings compared to standard fees.
Continuing Education Credits: For professionals requiring continuing education credits, events that offer such credits provide a quantifiable advantage. Attendees can track their progress toward maintaining their credentials.
Qualitative Value Propositions: Enriching Experiences
In addition to the measurable benefits, value propositions for conferences and events should also encompass qualitative advantages that enhance participants' overall experiences. These advantages go beyond the numbers and contribute to personal and professional growth. Consider the following qualitative value propositions:
Networking and Relationship Building: Events facilitate meaningful connections and relationship building, contributing to a qualitative sense of community and support.
Inspiration and Motivation: Conferences often feature keynote speakers and thought leaders who inspire and motivate attendees. The qualitative aspect is the personal and professional inspiration gained.
Professional Growth: Attending educational sessions and workshops can lead to qualitative professional growth. Participants acquire new skills, knowledge, and perspectives that enhance their career journeys.
Rejuvenation and Renewal: Events provide an opportunity to step away from daily routines and gain a fresh perspective. The qualitative value lies in the rejuvenation and renewal of enthusiasm and commitment.
Recognition and Visibility: Presenting at or being recognized at a conference can boost one's visibility and reputation in the industry. The qualitative benefit includes a sense of accomplishment and recognition from peers.
Successful conference and event value propositions strike a balance between the quantitative and qualitative aspects of participation. While the tangible benefits offer concrete reasons for attending, the intangible advantages enrich the overall event experience and contribute to personal and professional growth. By presenting a comprehensive set of value propositions, associations can effectively communicate the full value of their conferences and events to participants and sponsors.
