It doesn’t matter what size your company is. It doesn’t matter how big your tradeshow booth is compared to your neighbor or competitor at the big tradeshow.
There will always be a company that is bigger than you. There will always be a competitor that is smaller than you, and probably nipping your heels.
There’s a sports analogy here somewhere, let’s see if, by fishing for it, I can find it.
We can’t concern ourselves with the other team. We have to play our game to the best of our ability. – a coach somewhere
I’m sure that applies in business as well. You should be aware of your competition, certainly, but more importantly, take care of all business needs in-house. That’s the paramount need to succeed.
So when it comes to tradeshows, you’ll always be somewhere in the middle. Others will be bigger, richer, have wider distribution, more products and more staff. There will be competitors who are smaller, with fewer resources, have less distribution than you and fewer products available.
The biggest competitor – and the biggest cheerleader – will always be yourself.
Given my recent propensity to do more promotion that usual (see TradeshowGuyWebinars.com), I had one of those middle-on-the-night flashes: GET SOME TRADESHOWGUY BUTTONS! And GIVE THEM AWAY!
Of course. Why not?
So if you see me at a show, ask. I should have a handful in my pocket. And in March, I’ll have a hundred or two at Expo West in Anaheim, handing them out to exhibitors and attendees.
It appears that our first webinar of 2016 went off with a hitch or a hiccup. At least that’s what it felt like! Here’s a replay in case you missed it:
Sign up for future webinars at TradeshowGuyWebinars.com. Our next one is set for February 16 at 10 am Pacific, and will feature Hiett Ives of Show Dynamics, Inc. of Houston Texas. The title of his presentation is “Tradeshow Leads Guaranteed” so you’ll want to make sure to attend!
In this recent webinar from Handshake.com and Andy Saks of Spark Presentations, you’ll see how the process works on how to get those most-valuable prospects to actually come to your booth, and once they do, what to do with them when they’re there.
I always learn something from watching and listening to Andy. I’m sure you will, too.
Hey, it’s a Top Ten List! Let’s look at ten things to do as you prepare for another year of tradeshow marketing:
Assess what happened this year. What did you spend? What were your results? Are there any areas where you can cut back? Are there areas that you need to invest more?
Create a will-attend show list. Perhaps you know this by heart. Maybe there are a few shows that have slipped down in your estimation, or some that that become more important.
Create a list of other shows that are on the bubble.
Know your show goals. Your overall goal is to grow the business, but each show likely presents an opportunity to do different things, such as build brand awareness, reach new markets, recruit partners, generate sales leads, solidify ties with current clients, maximize press and media outreach, unveil a new product or service or do research. Shows are often a combination of all of those (and more), but it is worthwhile to create a plan for each show that focuses on 2 or 3 specific areas.
Come up with new ways to attract booth traffic. What you did last year may or may not work this year. Don’t sit on your laurels; try to come up with at least one new concept per show on how you can drive traffic to your booth.
Ensure your lead generation system is working. Your show ROI depends almost exclusively on how you manage your sales leads. Work with your marketing and sales teams to make sure that each step is clear and workable.
Assess your booth. This might mean taking it out of the cases or crates and setting it up. This should be done with any booth regardless of size, just to make sure it withstands the rigors of regular set-up and dismantle. So often a booth is quickly packed at the end of a show and sent back to the storage facility, and no one bothers to check the condition of the booth until right before the next show. Or during set-up, which is ever worse! If repairs are needed, get them done in a timely manner.
Plan to book travel well in advance. Especially hotel rooms at popular and growing shows. If show hotels are booked, you can usually find a good deal on AirBnB.
Plan the logistics of your upcoming shows. Order services, promotions, uniforms and other items a few months ahead of time or as needed.
Plan your pre-show marketing outreach, from email to postcards, social media and other methods.
The more prepared you are, the better the opportunity to increase your leads, sales and brand awareness.
Two conversations I had this week starkly illustrated the vast difference between companies and their approach to show prep and post-show follow up.
In one instance, I was speaking with a potential client about their upcoming schedule for 2016. The gentleman told me that he was relatively new with the company, having come from a much larger company with about ten times the amount of employees. He had been the coordinator of all of the company’s tradeshow marketing efforts – which were big. The new company had an ambitious schedule, too, and he went into some detail about what it took to prepare for the show in terms of logistics, promotion, planning, tradeshow giveaways and so on, and then he went into detail about how much information they brought home from each show in terms of data and sales leads and how much time it took to digest and disseminate that material throughout the company.
In other words, they rocked it. Deep and wide. No stone left unturned as it were.
Contrast that to a conversation I had a day later with a consultant who worked with dozens of companies to help them ramp up their abilities to engage with attendees, gather sales leads and create a plan for follow up.
“It astonishes me how many companies still don’t have a clue. They wait until two weeks before the show and call me and want help doing promotion and preparing. Fact is, they should have called me six months earlier,” he said.
So there’s definitely a large real-world spectrum of how much involvement companies have in their tradeshow strategy, preparation and engagement. Some get it and are taking every competitive advantage available to them. Others are shooting from the hip and hoping to get something good out of the show.
Tradeshows cost time and money. A lot. So how do you differentiate from the thousand other exhibitors all vying for attention?
One way is to become a person of interest at the tradeshow. Here are a few ways to stand out from the crowd.
Be a speaker, or participate in a panel presentation. Typically these slots are open to company management, so if one of your management team is good at delivering a presentation or speaking extemporaneously in a panel situation, work to get them involved. Depending on the show, this kind of exposure can do wonders for word of mouth, especially if the presentation is top-notch. When I’ve given presentations at tradeshows, no matter how many people were in the audience, there were always a handful that wanted to pigeonhole me right afterwards and talk shop. Some have become clients.
You want more ways to become a person of interest? If you’re good, give demonstrations in the booth.
What about one-on-one interactions with booth visitors? You can be interesting by being energetic, outgoing, and asking a lot of questions. And if you have good stories, tell them. Everyone should have at least three good stories. At a party, they could be about things you’ve done or how you’ve lived. But at a tradeshow, if you have three good stories about the business, your products and how they impacted customers, share them.
Above all, if you want to be a person of interest at a tradeshow, just be an interesting person.
A tradeshow is a perfect opportunity to track stuff: sales, leads, visitors, and so on. Here’s a quick list of things you might consider measuring at each show. It’ll give you a chance to not only compare different shows, but it’ll help you track trends at different appearances at the same show year after year.
Sales. The key indicator of your success. The challenge with tracking sales from tradeshows is that you may get a sale in another 6 months, year or two years as a result of a single appearance. Be aware of where sales come from and track them to their source if you’re able.
Leads. Not quite as critical as sales, but a key indicator of the success of your overall tradeshow program. Identify cool, warm and hot leads and follow up appropriately.
New customers. Sales are great, but what percentage came from new customers?
Visitors. While many exhibitors don’t normally track booth visitors, if you can get a handle on at least an accurate ballpark number of booth visitors from show to show, that information will come in handy.
Samples. Do you give away samples, such as food or flash drives or swag? Keep track.
Demonstrations and attendance. Do you have a professional presenter at your booth? Keep track of how many are given each day and make a headcount of attendees.
Social media content. How many tweets, photos, videos and blog posts are you generating as a result of your appearance? Check things such as how many times your tweets were re-tweeted, or how many times your hashtag was mentioned, the numner of times you received an @ reply. If you saw a spike in Twitter followers or Facebook fans or Instagram followers during the show appearance, track that information.
Other online engagement. Do you steer people to your website during tradeshows? Did social media engagement drive traffic to your site? If you create a specific landing page for visitors, track the traffic on that. If you give away digital assets such as downloadable PDFs, white papers or product sell sheets, track that.
Finally, track the ROI. To calculate the ROI, divide the gross profit minus the cost of the show by the cost of the show. It will look like this:
ROI = (Gross Profit – Cost of the show) / Cost of the show.
For example, if it cost you $200,000 for the booth, travel, lodging, salaries, food, parties, transportation, etc., and you know that six months later the business generated as a direct result of the show was $359,000, you’d write the equation like this:
ROI = ($359,000 – $200,000) / $200,000
ROI = $159,000 / $200,000 = 79.5%
Measure as much as you can. You’ll be glad you did!
Doesn’t every Tom, Joe and Susie have a newsletter these days? After all, they can be very useful in getting your message in front of eyeballs on a consistent basis.
The fact is, my inbox is filled daily with dozens of newsletters of all sorts: news, marketing, comic strips, social media engagement, big biz, small biz, and so on.
I tend to open about one in ten if I’m in a generous mood. More like one in twenty or one in fifty. In other words, it’s hard to get my attention (or anybody’s) these days with just a newsletter. There’s got to be something in there that makes it worthwhile to click and open. And read.
But there are several newsletters that I read frequently. Some I open every single time right when I see it and stop what I’m doing. Others get put on the ‘later’ list and I usually make it back to them.
These are the tradeshow industry-related email newsletters that I read almost every time they arrive. I say almost because, hey, even I have to take a day off now and then! There are others out there – some are closed to the public and others don’t arrive frequently enough to warrant attention, and some I just don’t know about – but here are the tops in my book.
Exhibitor Magazine: a companion to their monthly print magazine, the newsletter is a useful and professional addition to your inbox.
TSNN: The Tradeshow News Network: between this and Exhibitor Magazine, you will have your pulse on the beat of the tradeshow industry news and happenings. Bonus: they have several editions available.
Classic Exhibits Tradeshow Tales: Mel and Kevin at Classic Exhibits in Portland, Oregon, offer great insight, humor and passion on a regular basis.
Andy Saks, Spark Presentations:Andy is a tradeshow presenter, Emcee, Staff Trainer and Auctioneer. In other words, he gets up in front of people. A lot. And his now-and-then newsletter is always a good read.
Anders Boulanger, the Infotainers: I enjoy this newsletter as much as any. Anders is a solid writer and communicator and always has thoughtful, meaty – and useful – pieces.
Marlys Arnold, Tradeshow Insights: Marly has been a show organizer and an exhibitor and comes at the topic from a unique perspective. A worthwhile read anytime.
Susan Friedmann, Tradeshow Tips: Susan is a CSP (Certified Speaking Professional) who has written many tradeshow related books and publishes a weekly tip sheet for exhibitors.
Skyline Tradeshow Tips: Friendly and useful, this newsletter doesn’t seem to show up a lot but when it does it’s good.
BONUS
Here are some non-related business/marketing/sales newsletters that I read all the time. I think you’ll love ’em:
Monday Morning Memo: Roy H. Williams of Austin, Texas, author of the Wizard of Ads and a former radio ad salesman, rings my Monday morning with a loud and clear bell every week. I look forward to this.
Tim Ferris, author of the 4-Hour Work Week and the 4 Hour Body, publishes a newsletter every Friday (and at other random times) of stuff that has caught his eye. Good stuff.
Dave Pell’s Next Draft, billed as ‘The Day’s Most Fascinating News,’ is all of that and more.
As part of the promotion of my new book Tradeshow Success: 14 Proven Steps to Take Your Tradeshow Marketing to the Next Level, I assembled 14 videos. Each short video focused on a specific step as detailed in the book. If you hang out on Twitter or LinkedIn and follow me, you may have seen them. They’re quick and descriptive, and are good introduction to the book. Here’s the playlist of all of the videos:
