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Online summits are virtual events designed to build your email list organically (and sometimes with some paid ads) using the power of Other People’s Audiences (or OPA). You build your email list when your expert speakers promote the summit to their audiences. Experts get exposure, you grow your list... it's a WIN WIN!
Summits can be set up different ways and with tons of customization. I prefer to produce and run a summit where all the trainings with experts are pre-recorded and then scheduled to be released over a few days when the summit launches.
Summits are generally free to attend but also have a VIP or all access pass option. I love a good VIP bundle and they can make the host a few hundred up to thousands of dollars.