#374: Which is better? Webinars or challenges? - Tash Corbin, Heart-Centred Business Podcast
Dec 10, 2023
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Tash Corbin discusses the pros and cons of webinars and challenges in business. She emphasizes the importance of considering the niche, topic, and budget when choosing. The episode highlights the significance of having a clear upsell and educating the audience. Taking action and growing the audience are also key points discussed.
Consider sign-up rates and completion rates when choosing between webinars and challenges.
Factors such as niche, topic, and budget should be considered in selecting the most suitable approach.
Deep dives
Webinars vs Challenges: Pros and Cons
Webinars and challenges both have their benefits and difficulties. Webinars tend to have higher completion rates, with around 60% of attendees watching the webinar live or on replay. On the other hand, challenges often have higher sign-up rates due to their longer duration and perceived value. However, challenge completion rates are generally lower, averaging around 20-30%. The choice between webinars and challenges depends on factors like niche, topic, and budget. Niche and target audience availability impact sign-up rates, with busy individuals more likely to prefer webinars. Specific topics may lend themselves better to one format over the other. Additionally, challenges may require more ad spend to ensure completion rates, whereas webinars usually require investment in sign-up promotions. Ultimately, focusing on audience needs and desired outcomes is crucial in selecting the most suitable approach.
Defining Webinars and Challenges
Webinars are web-based seminars or workshops where participants register with their email address or pay to join. These sessions typically last 30 minutes or more and offer group learning experiences. Challenges, on the other hand, involve bite-sized instruction over an extended period, such as a three-day or five-day challenge. They can be free or paid and involve achieving specific outcomes or goals. Both webinars and challenges provide participants with valuable knowledge and resources through online platforms.
Choosing Between Webinars and Challenges
When deciding between webinars and challenges, factors like sign-up rates, completion rates, niche, topic, and budget should be considered. Challenges often have higher sign-up rates, while webinars tend to have higher completion rates. Niche and target audience availability can influence preference for one format over the other. Some topics may be better suited for challenges due to the need for spaced-out instruction and action steps. Budget plays a significant role as challenges may require ad spend to promote and encourage completion. It's crucial to have a clear understanding of the audience, desired outcomes, and upsell opportunities when selecting the most appropriate format.
In today's episode, I'm going to help you decide whether you should be running webinars or challenges. Which is better? Which is going to suit you more effectively?
If that's something that you've been thinking about, especially as we step into the new year, this is going to be a really helpful episode.
I also quickly want to say that it's no surprise to me that this is a question that I get asked quite regularly. Because people who teach challenges are very quick to present all the evidence of why challenges are better. And people who teach webinars are very quick to present all the evidence of why webinars are better.
The good news for you is that I teach both! I don't have a vested interest in which you choose, so hopefully you find that very reassuring.
We can dive in and talk about the pros and cons of each and you can make an informed decision. How's that sound?