Video Conferencing for Online Meetings
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Video Conferencing Economies of Scale
May 14th, 2008 by Video Conferencing Expert
Standard business travel can quickly become expensive. Sending four employees to a conference is twice as expensive as sending two and sending two employees is still twice as expensive as sending one. Video conferencing, unlike physical travel does not follow the same model. While additional seats can still increase the price of video conferencing, doubling the participants does not double the price. This allows businesses to have many more employees join the video conference without worrying about a travel budget.
Increasing the number of remote locations that you video conference with increases the value of the technology. Like most network applications, the usefulness and cost efficiency of video conferencing is proportional to the number of people that use it. If you only hold videoconferencing sessions with one remote office, it may not be a cost effective solution. If every location of a large company has video conferencing technology and anybody in the company can use it, the savings can be significant.
The power of video conferencing increases as you offer the technology to more employees and extend it to multiple points on your network. Where a company really starts to see value is when it reduces sales travel and customer meetings and begins to replace them with virtual meetings that incur only a fraction of the cost.
[...] Investment Info Spot wrote an interesting post today onHere’s a quick excerpt Standard business travel can quickly become expensive. Sending four employees to a conference is twice as expensive as sending two and sending two employees is still twice as expensive as sending one. Video conferencing, unlike physical travel does not follow the same model. While additional seats can still increase the price of video conferencing, doubling the participants does not double the price. This allows businesses to have many more employees join the video conference without worrying a [...]