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Event Drop-Off by Month...

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Partners spend a lot of time asking about effective execution of events and which variables have the most impact.

Oftentimes, I say that it is The Long Runway in terms of demand gen. That was anecdotal, now I have some data which supports (sort of) the hypothesis.

These are 8 partner-led events in Mid-Atlantic that we tracked in terms of Registration and Attendance by Month for April. So, in this case, Month 1 is March, Month 2 is April (I will be tracking going forward as well).

All of the events (except Partner 8) took place at the end of April.image

The list is sorted by those with the highest attendance. Partner 1 is an anomaly in many respects. You could also argue that we don't have enough data yet (which is why I will be tracking going forward).

Some observations...

  1. The drop-off of customers is not equal month to month. More drop-off the farther out you go.
  2. However, those who registered more than 30 customers more than 1 month in advance tracked towards a successful event (more than 25 people). As Partner 4 shows, it can be done, but your odds are better if you start earlier (at least that's how I read it).
  3. Those who started earlier became better event marketers with practice, with on average 23% less drop-off than those who were ineffective more than one month out.

What am I missing? What do you see in the numbers?

Comments

  • Anonymous
    May 02, 2007
    Matt Rothman from Guru stopped by the office this morning. He's prepping for a June 10th event and already

  • Anonymous
    May 04, 2007
    What I see is that you have higher attendence the closer to the event that you register folks. So if you had applied the same marketing resources it would be better to focus on using twice as many telemarketers the month before the event then to spread it out over two months. Having said that, I realize that all organizations have limited resource to spend during any time frame and realistically it might be better to use those fixed resources steadily over the two months then try to cram it, with limited resources, into one month.

  • Anonymous
    June 05, 2007
    I think the latter, but time will tell, of course. Matt and the team from Guru ran their first event