How Conference Organizers Make Money From a Verbatim Audio Transcript of the Event

If you are organizing a conference next time, makefor some reasons.
sure that you have arrangements in place for makingThe visiting delegates on getting to know that a
available verbatim transcripts of the event. This newtranscript of the event will be available on demand
revenue stream is earning many organizers additionalspend more time on active participation, the time
resources through the distribution of the transcripts.that was spent on writing notes is now put to better
In a recent conference that just concluded, theuse, either assessing the discussions or networking
professional delegates that visited the event paid aswith other participants.
much as $275 for an accurate transcript of theThe delegates that are unable to be present during
important event.important discussions while attending to calls from the
According to the visiting delegates, the transcripts ofoffice or in a meeting with other dignitaries, were
the conference have valuable points of referenceassured that the availability of the transcripts will
which can be effectively used in marketing and sales,allow them the opportunity to review the discussions
and on the other hand the event organizers claimedat leisure.
that by including advertisement and other interactiveThe event organizers also format the transcripts as
content with web links, the revenue that theye-newsletters or allow access to portions of it to the
earned was not only through the sale of transcripts,press for promotion or marketing the event. The
but through sponsored advertisements that weretranscription services to the event organizers is
included in the transcripts.provided by a company on a nominal fee of $ 60 to
At first, the conference organizers felt that making$ 65 for transcribing an hour of recorded audio, these
available a transcript of the event may affect theservices are available online. The company website
numbers of visiting delegates, but this was not to be,has a file transfer feature available for facilitating
and 80% of the visiting delegates were the oneseasy uploads of the audio recordings of the
that solicited the transcripts, apart from otherconference and the transcripts are usually delivered in
delegates that were unable to attend the conference24 to 48 hours by the company.