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Now is not the Time to Hide from your Customers. Rizwan iqbal Managing Partner First Trade Show Go Green Displays. Kellogg ’ s wins During Depression. What are the Challenges?. We are in a recession Marketing spending is tight You need to justify every dollar of spend
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Now is not the Time to Hide from your Customers Rizwan iqbal Managing Partner First Trade Show Go Green Displays
What are the Challenges? • We are in a recession • Marketing spending is tight • You need to justify every dollar of spend • Management does not understand the return from events • Non-Critical travel is limited • Tradeshow attendance is down
Why you must be out there • Your competition probably is • Customers/Prospects who can buy still need to meet you • If you go dark, your customers assume the worst • Your competition will make sure they know it • And the best reason…2010
What you need to do now • Select the best shows for your organization • Determine your event objectives for today’s environment • Work Smarter to reduce costs • Measure the return on your events • Sell to the decision maker
Selecting the Right Shows • “Just keep doing what we have been doing” • Determine shows you should be at • Match shows to marketing objectives • Talk to your customers • Review the universe of shows • Evaluate opportunities • Make decisions • Annual evaluation/Online tools
Dive Deep with Show Management • Past year total and net attendance • Past and upcoming show exhibitors • Who is attending? • Titles • Companies • Educational program • Cost per sq ft
What are my objectives? • Take into account the current economic environment • Layout the quantifiable objectives • Gain agreement on qualitative objectives with team • Plan in advance and ensure your systems are up to the task
Setting Goals • A goal • I want to generate a lot of new customers from the show • A SMART Goal • I want to generate 100 new leads at the show and convert 10 of them into new customers by the end of the year • Specific • Measurable • Agreed upon • Realistic • Time bound
Measurable Objectives • Total Leads • Qualified Leads • Cost per Lead • Sales at different intervals • At show • 1 month • 3 month • 6 month • 1 year • Have basis of comparison • Benchmark to industry • Benchmark to other sales tools • Historical
What else? • Establish/reinforce brand positioning • Publicize new promotional message • New Product Intro • Learn about competitors • Current customer relations/sales • Networking within the industry • Collect feedback from current customers • Advance existing pipeline • PR opportunities
How do you work smarter? • What is the total cost of show participation • What are your key cost drivers? • Can you change your work habits? • How much space do you really need for your booth?
Key Cost Components to Manage • Booth Materials • Shipping • I&D • Drayage • Travel & Hospitality • Staffing
Break Bad Work Habits • Last minute=Higher Cost • Rush charges from suppliers • Shipping charges • Overtime I&D/Drayage • Lower weight=lower cost • Shipping decreases • Drayage decreases • Question everything…
Matching your Booth to Your Objectives • Right-Size your booth to your needs • Meetings • Demonstrations • Product Showcase • What are you communicating? • Message • Market Strength • Positioning
Does Renting Make Sense? • Need a new booth, but don’t have budget? • How many shows? • Want to try before you buy? • Do you have custom needs?
Going Green Doesn’t Have to Cost a Lot of Green • Green is not a fad • Focus on practical green • Cost effective green that doesn’t compromise
Increasing Trade Show Return • It’s Easy! • Reduce costs of attending trade shows • Increase revenue attributed to trade shows • Reality is much more complicated • How do you give a value to soft benefits? • How do you track it all? • Are all leads worth the same to the organization? • How do you reduce costs with out affecting performance?
What was the show ROO? • Define specific objective for attending a show • Weight the objectives in terms of importance • Attach a metric to each objective • Rank metrics based on importance • Score each show on common scale
Was the show a success? • Perform a post show evaluation • Did it meet or exceed your goals? • Did the ROI make sense? • How strong other benefits? • Brand Awareness • Competitor Insight • Customer Retention • Networking • Feedback
How to sell it to management? • Clearly define ROO vs. ROI • Measure it • Web traffic landing page • Pre/post show surveys • Focus on the facts • Quantifiable Results • Measurement against Objectives
Not just a budget line… • Invite managers to show • Set up meetings with top influencers • Arrange speaking engagements • Send updates from the floor • Post show write up • Do a face-to-face annual review • Before budget time
Now, get out there… Thank You! Gary Survis Garys@GoGreenDisplays.com 732-602-7799 www.FirstTradeShow.com www.GoGreenDisplays.com Friend uson Follow uson Search for “Go Green Displays” Search for “Gogreendisplays”
Thanks… Friend uson Follow uson • Search for “Gogreendisplays” • Search for “Go Green Displays” • www.GoGreenDisplays.com • 732-723-7799 • RizwanI@GoGreenDisplays.com