Enabling audiences to engage with live events during the pandemic
During the lockdown, insider launched live digital events. Bringing in a new revenue stream and enabled audiences to participate in events from their home
Being an event ticketing company, Insider’s revenue instantly fell by 70% as all events were being canceled
People resorted to youtube for entertainment, but it lacked what live events gave them – audience participation
Identifying this gap, we started about the core needs of an event goer, why do they go to these events and how might we enable that digitally?
The solution was to build digital events, centered around audience engagement
But, live events had their own problems. It need a dedicated team of event programmers to make it work
So we not only built a product around digital events for audiences, but also a complete dashboard to help event programmers manage the event live
The new product was a huge success:
Average audience participation across all events was around 3000
There was a 17% increase in website traffic, generated due to live events being shared via social media
A completely new revenue model for insider.in, which accounts for about 10% of the total revenue even today.