what's working in exhibit sponsorship
TRANSCRIPT
What’s Working in Exhibit and Sponsorship Sales?
Sam Lippman, Founder and President, Lippman Connects
Wendy Loew, Group Show Director, Questex Media
Jason Stookey, Vice President Sales, National Association of Broadcasters
• Explore how to integrate exhibit and sponsorship sales
• Examine ways to find and retain talented sales staff
• Develop techniques for building a culture of exceptional customer service
Learner Outcomes:
• Self-Introductions
• Audience demographics polling
• Exhibition trends
• Find, train, and retain star salespeople
• Selling exhibits and sponsorships
Agenda
• 35 years producing exhibitions, conferences, forums, and roundtables
• Produced International CES, GRAPH EXPO, and PRINT
• Consults in strategic planning, management, and marketing
• Facilitates board meetings; user groups; and attendee and exhibitor focus groups
• Produce by-invitation events for the exhibition and convention industry
Sam Lippman Founder and President Lippman Connects
Show Name Attendance Purpose200 industry executives annually
• Exclusively for independent and association executives
• Focuses on increasing revenue and the relevance of events
16 attendees 3 times a year
• Show managers with at least 125,000 net square feet of exhibit space
• Exchanges best practices for large shows
18 attendees 3 times a year
• Event marketers focus on ways to find, attract, and retain quality attendees
• Tracks lifecycle of attendees• Identifies new prospects and rebuilds lists• Boosts conversion rates
18 attendees 3 times a year
• Exhibit sales and service managers share sales technique
• Benchmarks exhibit pricing, space assignment, and sponsorships
Lippman Connects Events
• Manages Questex Technology Events portfolio - trade shows, conferences, hosted buyer summits, and media properties
• 25+ years sales management at 1105 Media, Advanstar, and CES
• Track record of building strong external and internal relationships
• Enjoy creating, launching, and selling integrated programs and new sponsorship opportunities
Wendy LoewGroup Show DirectorQuestex Media
• 18 year Tradeshow Industry Veteran
• Joined NAB in October 2011
• Previously worked at TNT Productions, CES, and Hanley Wood Exhibitions
• Suggests “Rhinoceros Success” by Scott Robert Alexander as a must read for any sales professional
Jason StookeyVice President SalesNational Association of Broadcasters
Audience Demographic Polling
Exhibition Trends
Trends: Technology
• Matchmaking/Scheduling being used by 47% of organizers
• Effectiveness of these programs (ECEF 2012 Pulse)
Not very effective
Undecided
Somewhat effective
Very effective
23%
23%
35%
19%
18%
31%
35%
16%
Exhibitors Attendees
Trends: Technology
• 27% of organizers are extending their physical event online (ECEF 2012 Pulse)
• Objectives in extending online:– Strengthen your event’s brand– Increase the number of attendees at future physical events– Offer content to prospects that can’t attend your physical event– New revenue from virtual booths and sponsorships– Increase booth sales at future physical events
Trends: New Event Models
• Challenges and Opportunities – Hosted buyer programs– Sponsored conferences– Exhibitors hosting private events– Finding the “ROI ratio” for each company
Trends: Exhibit Space Pricing
• 56% of organizers open to the following new exhibit space pricing (ECEF 2012 Pulse):– 18% Charge based on different sections of the floor– 15% Offer multi-year contracts– 10% Change based on when the space is paid for– 10% Reduce net square foot charge the more space purchased– 2% Charge based on performance– 45% Other
Trends: Year-long Engagement
• Create reasons to engage throughout the year
• Connect with multiple decision makers
• Build communities with exhibitors and prospects
• Constantly re-book
• Use survey data to craft sales message
• 80/20 rule: Generate majority of revenue from 20% of clients
Find, Train, and Retain Star Salespeople
Star Salespeople
None
Senior level communications people
Social media experts
Conference session development experts
Senior level marketing people
Individuals with recognized industry experience and knowledge
Senior level sales people
0% 5% 10%15%20%25%30%35%40%45%50%
41%
14%
14%
24%
28%
28%
41%
30%
8%
23%
17%
24%
24%
26%
ECEF 2012 Pulse: Adding Expert Staff
20122011
Star Salespeople
Five of top six threats are exhibitor-related (ECEF 2012 Pulse):
1. M&A reducing exhibitor base
2. Exhibitors downsizing exhibit space
3. Exhibitors downsizing sponsorships
4. International exhibitors unable to get in the U.S.
5. Exhibitors cancelling booths
Star Salespeople
31% of exhibition producers increased their exhibit space and sponsorship sales budget in the past year (ECEF 2012 Pulse)
Star Salespeople: Motivation
• Compensation
• Contests and spifs
• Managing a non-performer
Selling Exhibits and Sponsorships
ECEF 2012 On-site Polling Results
• Which of the following is top of mind for exhibitors?
Cost shifing from show man-agement to exhibitors
Cost of exhibiting continually increasing
Show management providing measurement tools/data
Creating compelling experiences for attendees
0% 10% 20% 30% 40% 50%
2%
21%
31%
46%
Exhibit Space and Sponsorship Sales
• Create customized sponsorships, media opportunities, and digital offerings
• Work with exhibitors to develop powerful sponsorships
• Create bundled, integrated proposals
• Sell marketing solutions, not concrete or ad space
Thank you
For more information, please contact:
Sam Lippman [email protected]
www.LippmanConnects.com
Wendy Loew [email protected]
Jason Stookey [email protected]