* A video conference is three times less expensive than a traditional meeting.
* An audio conference is seven times less expensive than a traditional meeting.
Source: A January 1998 survey by InfoCom, a division of NFO Research Inc., for Network MCI Conferencing. The typical meeting includes five participants from five different locations, four of which fly to the meeting. Total hard and soft costs for the traditional meeting add up to almost $5,200, approximately $1,700 for a videoconference, and less than $700 for an audioconference.