trade shows - should we or shouldn't we
DESCRIPTION
How to decide whether to attend a trade show; how to prepare for a trade show; how to work a trade show; how to maximize ROI from a trade show.TRANSCRIPT
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Trade ShowsShould we or shouldn’t we…
Betty Eitner
Modal Consulting Inc.
04/11/23
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Key trade show statistics
• 91% of attendees say that trade shows impact their buying decisions
• 85% of an exhibitor’s success lies in the performance of the staff
• 83% of the attendees have some kind of buying power
• Trade shows cost 38% less than sales calls
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Source : Merchant Circle
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Before you decide
• Do your research• Ask questions• Validate the vendor claims• Does this address our target
audience?• Will we get a good ROI?
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Trade show research
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Who attends
When they attend
What role they play
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Trade show musts
• Define your show objectives• Clearly display your brand & image• Give attendees a reason to visit your
booth• Put your best foot forward• Plan the “after show” activities
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Define goals & objectives
• What do you expect to gain– New customers & how many– Additional business & how much
• Are you promoting existing products/services
• Are you launching something new• Are you after brand awareness
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Attract attention
• Booth placement, design, collateral• Theme & brand message• Pre-show advertising and invitations• Sponsor a seminar or presentation• Hold product/service demos
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Put your best foot forward
• Your most professional staff• Your best listeners• A professional speaker, chef,
demonstrator• A way to engage your visitor• Visit prospects’ booths
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Keep these at the office
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Trade show evaluation
• What worked? What didn't? • What about the booth? Location? • Was this right for our business?• What did we learn about the
competition?• Did we meet the right people? • Did we reach our objectives?
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We did it !! What’s next…
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After the trade show
• Plan ahead for the “after show”• Segment your contacts• Follow-up immediately & stay in
touch• Do not ignore or prejudge a
contact• Have an action plan for turn-downs
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Plan for the “after show”
• Ask the right questions at the show• Define a contact scoring system• Research before you connect• Design different marketing
materials• Customize your message
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Why follow up
• 2% of sales are made on the 1st contact• 3% of sales are made on the 2nd contact• 5% of sales are made on the 3rd contact• 10% of sales are made on the 4th contact• 80% of sales are made on the 5th-12th
contact
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Source : National Sales Executive Association
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What are the rules
• Follow up from 5 to 12 times to get in that 80% bracket
• Let technology assist you with the follow up
• Call your prospects on the phone and make a personal connection
• Use client-centered, benefit-focused copy to get your message across
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Trade show evaluation
• What worked? What didn't? • What about the booth? Location? • Was this right for our business? • What did we learn about the
competition?• Did we meet the right people? • Did we reach our objectives?
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Ensure trade show success by implementing powerful and
memorable marketing initiatives before, during, and after the
event.
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Modal Consulting Inc.
www.modal.biz
04/11/23