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Tag: webinar business model

Profitable Perks of Adding the Webinar Business Model to Your Multiplatform Arsenal

It always amazes me how people can worry about good things that happen. Sharon (not her real name) runs a successful $5 million special interest B2C publishing company that now has a successful webinar business model.

After 9/11, her live conference business took a hit, as did many live events during that time when many people feared air travel. Many years later, she did her first paid webinar, which drew about 80 people at $149 per person. And a few years after that, she was selling about 2,000 seats to 15 webinars, generating about $300,000 in revenue. In addition to being six percent of her top-line revenues, webinars rose to 17 percent of her profits.

But like many publishers who are just getting started in multiplatform publishing, Sharon worried that her webinar business was not growing fast enough, even though year-over-year revenues went up 15 percent. She also worried that webinar profit margins were too high to hold (with, mind you, almost no marketing cost, as she only promotes webinars using her email list). And, of course, she worried about whether she’d be able to come up with another new product type to keep her business growing (don’t we all?).