What is a Webinar?
How Does it Work? [Real Examples]
Webinar is an interactive online video seminar that is hosted by an individual presenter or a company.
Hosting webinars is currently one of the most lucrative forms of online marketing.
Increasingly many small business owners and marketers leverage webinars to convert leads attendees into paying customers.
And they do it with excellent results.
Successful companies, like Unbounce have reported webinars as their
No. 1 marketing channel.
Why is that?
On average, 19% of the webinar attendees are interested in purchasing the product after attending a 60-minute webinar.
You don’t even need a large audience – even with a couple dozens of targeted attendees, you can generate thousands in revenue.
In this case study, Shauna created her first ever webinar. She emailed 255 people and 55 people signed up. 35 of them attended the live webinar.
The result: $2170.75 in sales revenue.
In this case study, Jenna gathered 30 attendees and generated $5,000 from a single webinar in the first 24 hours.
Some marketers are even generating nearly $300,000 with a single webinar.
Ultimately, we’ll discuss how to create a fully automated webinar funnel.
What are the Features of a Webinar?
Webinar attendees are an exclusive group of people who have signed up beforehand.
There’s a specific set of features that make webinars different for any other type of live event or live video, for example:
- specific date and time when the event is happening
- built-in interactive tools to engage with the audience
- focuses on sharing knowledge and teaching practical skills
- creates a personal connection with the audience via video
- ability to share your screen to show a product demo or slides
To get a better idea, let’s see why so many small business owners and marketers are adapting webinars as their primary marketing channel.
What are the Advantages of a Webinar?
Technology has created a whole paradigm shift in presentations and knowledge sharing.
Hosting an online webinar offers some serious advantages, for example:
Here are the main reasons why companies have shifted from seminars to webinars.
1. Webinars are Easily Accessible
When is the last time you heard someone say „I have too much time on my hands“?
People are busy. Literally, all the time.
A really practical advantage of hosting an online webinar is that it’s just so much more convenient to host and to attend.
Attendees don’t even have to leave the building.
In today’s hectic time schedules and busy lives, this is key. Especially when selling a B2B product. Anyone can participate while being at home, at work, on a business trip or even on vacation.
Let’s do a quick comparison:
An average webinar duration is 52 minutes.
To attend an hour long seminar, participants might have to drive to you for an hour. And then back home. That’s at least 3x more time investment.
Hosting an online webinar also lowers the barrier for your potential guest speakers, because they alike don’t have to spend their valuable time and money.
Easier entry-barrier for everyone! That’s a no-brainer.
2. Webinar Hosting is Cheap or Free
Speaking of time investments, hosting a seminar requires you to:
The average cost to host a live event is $ 1,294 per participant, including travel (Oxford Economics Event Council study).
You’re shooting yourself in the foot by hosting a physical event.
Hosting a webinar online has dramatically lower costs.
It’s possible to even host it for free. However that’s not recommended, because the free webinar software we’ve tried is lacking in reliability and features.
3. Webinars are Available On-demand
Like any live events, they always have a specific time they’re happening.
However, people can’t always make it to the live event. The reality is that only 35% – 45% of your signups actually attend it live.
But that doesn’t necessarily mean the rest just don’t care. For some, time zones are just way off. For some, things just come up. Some just want to attend just exactly when it’s convenient for them.
But they still want to attend.
Luckily, most webinar software have video recording built into them.
That means you can easily feature the event video replay in the event follow-up e-mail:
4. Webinars are Engaging and Interactive
One key difference between a webinar and a YouTube video is that a webinar is interactive.
Desktop sharing, visualizations and even whiteboards are excellent to emphasize your key points during a webinar.
As a webinar host, your goal is to educate and ultimately encourage some action. Interaction during webinars likely converts to action after the webinar, like a sale.
You’ve cleared away doubts and created trust with our attendees. With barriers dismissed, they’re willing to buy.
That’s why most webinar software have tools to get attendees from passively watching to actively engaging. Most popular webinar engagement tools are:
Surveys are also great for creating unique data-backed content. If you can get enough attendees to fill your survey, you’ll get a statistically significant sample size of responses that is backed by data. Keep those records and use them to create blog posts, social media posts or infographics.
5. Great Webinars are Educational
Why would anyone attend your webinar?
Well, for some type of value, obviously. But what is the most valuable to the attendees?
The answer: Timely and highly actionable advice from a leading industry expert.
Often, webinar attendees seek career advice that they can use right away.
In fact, 34% of all webinars fall under the category of Online Education.
Attendees can ask questions and get instant feedback on specific problems they’re struggling with.
As a host, make sure you communicate this value to your attendees to maximize your participation rate. Show them what they will learn after attending your webinar.
There’s a lot lower entry barrier to sign up for a webinar when compared to other live events.
Attendees can essentially tune in from work or from home, not having to sacrifice that much time to attend.
What are the Disadvantages of Webinars?
To be fair, there are some disadvantages to hosting webinars, for example:
However, luckily it’s possible to overcome these obstacles and reap the benefits of online webinars.
Next, we’ll discuss how to use them for different fields and purposes.
How to Use Webinars for Digital Marketing?
Hosting webinars is an effective marketing tool to build brand awareness, create a powerful lead magnets and to convert those leads into paying customers.
In fact, 85% of marketers consider webinars to be a key part of their marketing efforts (according to Redback State of Webinar Marketing 2020 Report)
Many successful companies have included webinars into their marketing strategy, for example:
There are multiple reasons why top marketers have started using webinars:
1. Hosting Webinars to Increase Brand Awareness
Webinars are usually not created for the sole purpose of selling something right on the spot.
The majority of time in a webinar should be spent on educating and sharing useful knowledge. Industry-specific, actionable knowledge.
And by doing that, you’re effectively associating yourself and your brand with the cutting-edge practices in the industry. This creates a connection and a memory of you and your brand as an authority within the industry.
60% of people are more likely to buy a product if they are familiar with the brand.
Some brand awareness webinar types are:
Remember, these are awareness webinars, so focus more on educating and providing insight and less on promoting your product.
2. Hosting webinars for Targeted Lead Generation
The registration page allows you to collect more data about your attendees.
Here’s an excellent example by Unbounce where they collect some relevant information about the attendees that help them in targeting:
Here are some other webinar landing page examples.
Everyone who signed up to your super industry-specific webinar is a highly targeted lead who is a lot more likely to convert to a sale. Especially if you’re giving up-front value in your webinar.
73% of marketers say that webinars are the best way to generate high quality leads.
Some signups will not attend your webinar. There are always some who can’t make it. However, the fact that they signed up shows their intent and interest in in-depth information on the subject.
That means they’re more responsive and likely to be a qualified lead.
Use those leads in your e-mail campaigns!
3. Webinars are Highly Effective for Acquiring Paying Customers
Taking it a step further, webinars are the best video format to engage and interact with your audience. Engaged attendees are more likely to follow your call-to-action and convert into a sale.
Being in this group of attendees feels exclusive.
And the fleeting live-ness factor adds to the feeling of scarcity. Participants are forced to pay attention, so they don’t miss anything important.
With webinars, you can deliver the full message, you can really paint the picture. Whereas with blogs, readers can just skim through.
Let’s use average webinar statistics to illustrate how much potential there is for someone who is just starting out.
78% of webinars have 50 or less attendees.
Let’s say for your first webinar, you manage to attract around 25 attendees, which is very doable.
Now, the average webinar attendee-to-sale conversion rate is 15%.
Webinars work best for high ticket B2B product sales.
Let’s say you have a B2B SaaS product with an average customer lifetime value of $300.
Based on these averages, let’s do some math:
That’s more than a thousand dollars of revenue for a 1-hour webinar (excl. prep. time)
Depending on your landing page and registration form, you could reach a significantly higher attendee count.
The interaction tools like Q&A, polls and call-to-actions increase audience engagement.
So, having an engaging presentation and using these interaction tools, you could even boost your attendee-to-sale conversion rate up to 20%.
Smart webinar marketers maximize each webinar topic by repeating each event multiple times for different audiences.
Webinars have high intent, interaction and a personal touch. These factors combined make it an extremely efficient marketing tool.
4. Webinars Can help to Increase User Activation and Reduce Churn
Show your audience how to solve a problem with the software you’re promoting.
Set a real-world problem, like how to make a website. Then show your attendees how to solve it during a demo webinar.
That’s an excellent way to educate your attendees while showcasing your product use cases and features by explaining the benefits of using it.
All webinar platforms have a screen sharing feature that enables this.
User onboarding webinars are a smart and efficient way to introduce product use cases to new users. Especially if you’re running a complex product with tons of features and endless options to customize.
These onboarding walkthrough webinars can be recorded and watched on-demand later.
39% of webinars conducted in 2019 were product demo webinars.
An introductory webinar can massively improve the user experience and dramatically reduce the learning curve and frustration it takes to get the most out of a product.
Run a feature update webinar to your active users. Once you roll out a set of new features, host a webinar to showcase how your existing users can benefit from using these new features. This can be a valuable method to convert users to the next product plan.
5. Co-Hosting Webinars to Create Partnership Opportunities
Having a co-host or a guest speaker can give a fresh perspective to your audience. An opportunity to deliver even more insight and value.
However, before inviting a co-host or a guest speaker, do your homework.
A little research can help you understand in which areas are they most knowledgeable. What are they really good at?
Create a mutual promotional schedule together which would detail the specific dates and marketing channels that both parties would use to promote the webinar.
Schedule your e-mail campaigns, social media campaigns and blog posts to boost your webinar attendance. Have your guest host do the same.
If both parties leverage their audiences in multiple marketing channels, it can really skyrocket your signups and reach a wider audience.
An important rule for co-marketing a webinar is to make sure you have similar goals with your co-host or guest speaker. Establish that your audiences’ intent is similar, so you’ll be delivering the most relevant information to everyone.
However, avoid stealing customers! Try to establish up-front if your products/services are too similar that they’re actually competing for the same customers.
6. What is the Best Webinar Software for Marketing and Sales?
To host a successful marketing or sales webinar, you have to be able to promote your webinar and get visitors to sign up. For that, you’d need an attractive landing page, that’s optimized for conversions.
After you get people to sign up, you’d need to send reminder emails to actually make sure they attend your webinar. That’s why the webinar platform must have built-in email reminder scheduling.
During the marketing webinar, it’s critically important to engage with your audience. Greet them as they enter the webinar room, talk to them. To make your webinar as interactive as possible, make sure your chosen webinar software has these interaction tools:
And finally, you should be able to send automatic follow-up emails to your webinar attendees. That’s critically important, because the follow-up is often where the sales happen.
Make sure you can include the webinar replay and a clear call-to-action in your follow-up emails.
How to Use Webinars for Training?
Highly skilled and motivated workforce can be your most valuable asset.
So, it makes sense to invest in trainings and seminars to help your teams collaborate more effectively, boost customer satisfaction and hit those sales targets.
1. Webinars for Employee Onboarding
Company newcomers are usually greeted with a huge wave of new information they’re expected to understand and remember. This can be a daunting challenge.
The interactive tools of live webinars can really take the stress off by enabling newcomers to engage more.
Active participation helps them retain information a lot better. For example, learners retain:
You can easily test their knowledge with polls and survey tools. Additionally, this gives you better feedback on which parts of the onboarding material you should improve on.
Newcomers might be shy to ask questions, especially if they lean more to the introverted side. They’re afraid they might ask stupid questions in front of their new colleagues.
The webinar Q&A feature helps to really take this stress off, since they can just type their questions without fearing the judgemental looks.
2. Webinars for Staff Training
Sales reps and marketers need to be familiar with the latest industry trends and technology to be the best at what they do.
However, hosting training events can be really expensive and time consuming. Hosting your training events as webinars can be a great solution to that.
On average, companies spend at least $1,200 per employee on training and development per year, and it’s increasing each year.
Some of the higher costs are venue rental, logistics and catering. These are all costs that don’t add to the content quality of the training.
Cutting those administrative costs and investing in a higher profile trainer and a professional webinar software will have dramatically higher ROI for your employee skill-set.
You can also easily share files and training materials directly with the attendees, so they can download them, without the additional printing costs.
Webinar training is also reported to have higher productivity during the training sessions because of the focused content.
Additionally, most webinar platforms have a feature to record the webinars. You can make these webinars accessible to your employees on-demand, whenever they feel they want to revisit the training material to remember it better.
3. Webinar for Enabling Remote Work
Remote jobs are rapidly becoming more popular globally. Flexible work hours and location independence are attractive to software developers, marketers, sales people and customer support reps.
According to a report by Zapier, 74% of employees would be willing to quit their current job to work remotely.
26% of the employees have actually quit their job to work remotely.
Some successful companies, like Buffer, InVision, Hotjar, Toggl, Toptal and Zapier have even gone fully remote.
They’ve realized that in order to attract and keep top talent, they have to offer location independence and flexibility.
Companies are starting to realize this and are adapting their internal processes to enable remotely working employees.
Hosting more company events as webinars is a great segway into doing that.
4. What is the Best Webinar Software for Edaucation and Training?
For educational and training webinars, you need a bit different set of features. For example, there’s less emphasis on converting attendees and more emphasis on collaboration and feedback.
That’s why it’s important that your chosen webinar software for education has these built-in features:
One great webinar platforms that I can recommend, which ticks all these boxes is ClickMeeting. The audience engagement and follow-up features are perfect for hosting webinars for education and trackings.
What Types of Webinars are There?
Webinar definition – An interactive seminar conducted over the internet. An online seminar, basically.
Live webinar is where the most enticing benefits of a webinar can shine – the high engagement and interactivity, like answering live questions from the audience.
For example, 92% of attendees want a live Q&A session.
Pro’s of hosting a live webinar:
Live webinars take up more effort, but also have the highest engagement and conversion rates.
The main benefit of On-demand (pre-recorded) webinars is that they’re available for your audience in their most convenient time.
Pre-recorded webinars will save you from technical difficulty hell – when your mic doesn’t work for whatever reason, your demo product doesn’t work like it should or the internet connection decides to lag.
Your entire audience will associate your webinar with bad quality.
All this nonsense can be avoided.
Also, pre-recorded webinars make the webinar content available instantly, without the wait.
Your attendees register by providing their e-mails and get the webinar content right then and there, while their intent is the highest.
Strike while the iron is hot!
Pre-recorded webinars are not live, as the name suggests.
Good news is that your attendees can still ask questions. You will get these questions sent straight to your e-mail immediately and reply to them. However, your attendees won’t be getting the answers live in the video.
Usually, pre-recorded webinars are just replays of live webinars.
Here’s an example of a great on-demand webinar from CXL:
However, you could take it a step further.
After a live webinar, it’s best to edit your recording to make it more to-the-point and easily digestible.
Pros of pre-recorded webinars:
Should you choose to do live or pre-recorded webinars?
To maximize your audience, you should do both. Get the best of both worlds.
Evergreen webinars are what the name suggests – they’re everlasting. That means the content won’t get easily outdated and can hold true even for several years.
They’re ideal for sharing timeless information that will stay fresh for the majority of your attendees each time.
Pro’s of evergreen webinars:
Cons of evergreen webinars:
The reality is that industry best practices change. Technology changes. Times change. And your pre-recorded webinar relevancy suffers.
If you share case studies and time-tested advice in your evergreen webinar, it’s more likely to stay relevant and fresh.
It won’t stay like that forever, though. But for as long as it does – automate the delivery!
This is the most advanced form of webinars – evergreen webinars delivered to your audience automatically.
As your webinar content quality improves and you’ll start attracting more audience and hosting each event will eat up your calendar.
To start with automated webinars, first record all your live webinars, track your conversion rates and improve your content each time.
Once you’ve reached around 10-15% conversion rate (depending on your product pricing), proceed to automate your webinar funnel.
Once you’ve established your funnel, it comes to customizing, testing and measuring each step of the way – your webinar landing page, invitation emails, video content, follow-up emails, etc.
It’s important to choose a webinar platform that enables tracking and optimizing each step.
We’ve found that Everwebinar is the best platform for that.
Everwebinar also allows you to have live chat for your automated webinars. You can reap the benefits that come with audience interaction, without having to host the webinar live every time over and over again.
Pro’s of automated webinars:
Cons of automated webinars:
With valuable and polished content and delivery, you can decrease your cost by 10x just by automating your webinars.
With automation, your webinar sales funnel becomes a money machine, where you want to focus on optimizing each step of the funnel.
One of the best webinar platforms for hosting automated webinars is EverWebinar.
What are the Best Webinar Software Platforms?
Choosing a webinar software is one of the most important decision you can make for your webinar marketing strategy.
Luckily, we’ve tested them all by following our rigorous 13-step review process for evaluating webinar software platforms. We’re used them all and ranked them accordingly.