Business Idea: Start A Virtual Event Platform in 2024
Imagine hosting an event with attendees from across the globe without anyone leaving their home. A virtual event platform could make that happen seamlessly. Essentially, it’s a digital space designed to host various types of online events—webinars, conferences, trade shows, and more.
With remote work on the rise, businesses and individuals are increasingly turning to virtual events for engagement and networking. Creating a platform that provides all the necessary tools—live streaming, chat functions, Q&A sessions—could be highly valuable.
Building this platform requires a solid understanding of software development and user experience design. Also, you need to stay updated with trends in virtual reality and interactive technologies to remain competitive. If you’re driven by the idea of connecting people and fostering meaningful interactions in a digital realm, this might be the business for you.
Revenue & Profitability
How much do virtual event platforms make?
Startup Costs
How much does it cost to start a virtual event platform?
- It can cost as low as $10,000 to start a virtual event platform.
- It can cost as high as $200,000 to start a virtual event platform.
Learn more about the costs of a virtual event platform.
Examples Of Successful Virtual Event Platforms
Successful virtual event platform businesses and case studies
Party.Space, a B2B metaverse platform that helps remote teams from big/mid-sized tech companies, Fortune500s, universities, and Web3 DAO/guilds host engaging & immersive events in a browser, has accumulated over 130 customers and more than 30K visitors, boasts revenue bookings growing x3 QoQ, and plans to book $1m this year.
Spacehuntr achieved a +700% growth in 2019 with revenues, despite the global pandemic, on track to match that growth in 2020, by launching a 360° platform for businesses to book and manage unique Work, Play & Stay spaces, catering to international corporations such as Airbnb, Netflix, and Uber.
See full list of successful virtual event platforms.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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