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Archive for the ‘Face to Face Business’ Category

Technology versus Face-to-Face

Friday, January 29th, 2010

By: Barry Siskind

My kids think I’m a Luddite. I am from the world where the value of face-to-face marketing was one I understood. Now I live in a world where people communicate with their thumbs. However lately I’ve seen that faces and thumbs can live in harmony.

I will admit that thumbs can connect to the world instantly. They can communicate to large numbers of people in real time, even at the cost of good grammar and spelling. Faces still have the advantage of being able to stare eyeball to eyeball with a client even if it is only one at a time. So in a world where it is faster and considerably less expensive to connect with a text, can one justify the cost of face-to-face?

A report I read recently prepared by the Harvard Business Review called, “Managing Across Distance in Today’s Economic Climate” focused on the issue of the high cost of business value versus the benefits.

The report described four key areas where face to face trumps technology:

  • Developing new clients. 95% of respondents said that face-to-face was crucial for building strong and long-term client relationships.
  • Negotiating: When negotiating major contracts and agreements, 82% said that face-to-face meetings are the most effective tool in their arsenal.
  • Maintaining relationships:  It’s relatively easy to hide feelings, concerns and priorities behind technology. Any one who deals with people face-to- face on a regular basis will attest to their ability to pick up on signals that often reveal the real story behind the words.
  • Cultural barriers: Try texting a partner on the other side of the world and see if the real message was understood the first time. I am not just talking about language but the nuances of your message which may or may not be recognized. The value of face-to-face is to be able to read the non-verbal acceptance of what you are saying and be able to clarify if necessary.

So there are advantages to face-to-face. However, with the high cost of business travel in a shaky economy do these advantages justify the cost?

In this same report 60% of sales and marketing people said that cutbacks in their business travel would hurt business, while 36% of finance people said cutbacks  would have no impact on the business.  So now we have the age old conflict between those who solicit business and those who pay for it.

The solution is to make a strong enough case for face-to-face and to provide new metrics for measuring return. Here are three things to consider:

  • Combine business travel with other activities.  A major event like a trade show or conference is a magnet for buyers and sellers. By combining your exhibit investment to include time for individual sales calls, meetings and presentations, you can amortize the cost and increase the value of the investment to your corporation.
  • Establish a singular budget. Often the exhibition budget is a marketing activity while sales calls are sales. When you combine both activities under one budget line you create a corporate expenditure that has a higher probability of measurable success.
  • Establish multiple metrics. In the past, corporations measured success by focusing on one or two metrics. In our new world this list of metrics should be expanded. For example you may use your trade show to gather quality leads, a sales meeting to close a sale and an on-site presentation to advance the sales cycle. Three activities needing three individual metrics with the results of the three being attributed to the overall success of the exhibition program.

The battle of thumbs and faces has only just begun.  Perhaps in the future one will totally replace the other – but that’s not the case now.  Before you let the finance people decimate your face-to-face budget perhaps its time to sit down with them and have a serious conversation.

Reference: . http://hkg.grants.ba.com/harvard-business-review.pdf

Are you a Hunter or a Fisher?

Thursday, May 21st, 2009

Hunt or Fish

By: Barry Siskind

What is the difference between a hunter and a fisher?

A hunter knows ahead of time what he is chasing; deer, pheasant or rabbits. A fisher, on the other hand casts a large net hoping that what is caught is of use. When the net is pulled in there may be some fish that are eatable and quite tasty but there will also be lots of things that simply get thrown back. The result for the fisher is lots of wasted resources and lost opportunities.

The same analysis holds true for your exhibit program. If you are a hunter you have carefully determined the profile of your quarry. If you are a fisher you end up simply hoping for the best.

Turning your program from fishing to hunting requires careful attention. You want to properly focus on the show visitors who will most likely help you achieve your exhibiting objectives. Rarely will you want to talk to every visitor who walks past your trade show booth. The trick is to clearly identify who you want to spend your time with.

Defining your customer’s profile requires time and skill but once you have it, it will affect every part of your exhibit plan from choosing the right show to post show follow-up. The greater depth you put into your profiles the easier it is to focus your exhibit plans. Here are four typical tools that trade show exhibit managers use to define their customers.

1. Demographics answer the question: Who is my customer? Some examples of information in this category include: Industry, Gender, Marital status, Geography, Age, Profession, Wealth or Lifestyle.

2. Psychographics answers the question: What do they do? Some examples of information in this category include: Social responsibility, Business style, Position, Affiliations, Management Style, Family stage, Hobbies or Leisure time activities

3. Behavioral analysis answers the question; How do they do it? Examples in this category include such things as; Number of times they purchase, Amount of product used, Decision making cycle, Where purchase was made or How purchase was transacted

4. Causation analysis answers the question; Why do they do what they do? The best way to develop this category is to focus on the benefits of your products and service and understand which of these benefits is of most importance to your specific customer profile.

While you are developing your profile it’s not uncommon to unearth more than one. That doesn’t present a problem as long as your able to articulate the difference between one customer and the next. Now that you have a strong profile(s) your next task is to use this information in your exhibit plan. Ensure that this information is clearly communicated to all the people on your exhibit team including; administrative staff , sales and marketing staff, display builder, show/event manager and anyone else who will be involved in your program.

With a clear focus on the right people, all other decision should fall into place faster and easier.

A Case for Face-to-face Marketing

Monday, May 4th, 2009

By: Barry Siskind

The most important single ingredient in the formula of success is knowing how to get along with people” —Theodore Roosevelt

Think back to the people you feel comfortable with. It could be your spouse, other members of your family, colleagues, business associates, customers, and even the mail carrier. What is it about these people that make you feel comfortable?  Where does this comfort come from?

It may have been a common experience you had with a particular person—a movie you both appreciated, mutual friends and acquaintances, or a similar outlook on life. If you have the same experience with the people you do business with, the results can be the same. The people we like to do business with are people we like, respect, and trust – people we feel comfortable with. But where does this comfort come from?

In the 1960s, psychologist Albert Mehrabrian conducted a groundbreaking experiment. He found that people judge other people based on three observable clues: words, the para-verbal, and the nonverbal.

Words

Think about someone you met for the first time. You may have thought to your self, “What an interesting person. I really liked the way he or she answered that question. That is exactly what I would have said.” Or you may have thought, “This person is a real jerk. I never would have said that.” Either reaction would have been based on what the person said—the words—but words are only one part of the equation.

Para-verbal

Para-verbal is not what you say but how you say it. It is the tone, pace, tempo, speed, or volume of your voice. We all listen to people and create impressions of them based on how they use their voices. This is the second part of the equation. But there is one more element.

Nonverbal

Yes, we do judge a book by its cover. We are all guilty of judging people by how they present themselves.  We might say, “There is a successful person—she has that look of confidence in her eyes” or “He’s a loser—look at the way he is dressed.”

What do para-verbal and nonverbal clues have to do with face to face marketing – everything? Mehrabrian discovered that the relative importance of each in the equation is as follows:

These numbers tell us that 93 percent of a person’s impressions of another is not directly related to what they say but how they say it; an important lesson for anyone in business. Customers do not just look for the best price; they also need a comfort level with the people they plan to do business with and they can only achieve this goal through a face-to-face marketing experience.  Rapport will develop faster and last longer if you show your customer how much their business means to you rather than tell them.  Build rapport with actions rather than words.

Rapport during the Ice Breaker

When you greet someone for the first time, it’s difficult to know how this person will react. If the person is timid and you greet them with a loud and boisterous “Hello!” there is a good chance this person will quickly move on. The best way to approach and begin to make someone feel comfortable is in a manner that is most compatible with the way they normally act. Rapport building starts the minute the conversation begins. Listen and watch how this person answers questions. Don’t just listen to the words; also study the para-verbal and nonverbal.

Para-verbal clues will reveal that some people speak loudly and others are soft-spoken, some will talk fast and others slowly, some have lots of inflection in their voice and others are monotone.

Nonverbal clues reveal that some people are demonstrative and others are standoffish, some will stand tall with perfect posture and others will slouch, some will come inside your personal space and others will keep their distance.

While many of the differences may be cultural, they all give strong clues on how you should proceed. By reading the clues properly, you are taking the first important step toward building rapport.

Let’s assume you approached by a potential customer and asked a well thought-out question. Let’s suppose that this person replies in a soft voice as in our previous example. If you normally speak in a loud voice and don’t adjust the volume this person will feel alienated and uncomfortable and a wall of indifference will develop. When you lower your voice to match theirs, the chance of creating comfort is greatly enhanced. There are many clues to look for such as posture, gestures, personal space, personal greetings, speed, pace, and tone of voice, to name a few.

By matching the para-verbal and nonverbal, you two now have something in common. As you proceed, look for additional clues that tell you how to act.

One word of clarification: Even though para-verbal and non-verbal are adjusted to match the person you are with, you never change your level of enthusiasm for your product or service. If a prospect approaches and the person’s body language says he or she is tired and irritable, you adjust your para-verbal and nonverbal to closely reflect theirs, but on the inside you always remain as passionate and enthusiastic as ever.

Conclusion

While e-commerce is growing by leaps and bounds, there are still many situations where customers want to know the people they are going to do business with. The best tool in your marketing arsenal is face-to-face opportunities like special events and trade shows. When you add well honed rapport building skills to your approach, you can expect a definite increase in your results.

Looking Professional Matters

Tuesday, March 17th, 2009

Looking Professional

By: Barry Siskind

Studies have proven that fifty-five percent of your visitors impression of you comes from what they see. It’s your para-verbal behavior, which is made up with such things as gestures, eye contact, posture and what you are wearing.

Dress is always a controversial topic. Exhibitors either dress too formally or too casually. Then there are those who choose to have their staff dressed all the same. It’s hard to know what’s right. The underlying word that should guide your choice of dress is professional. How would a professional in your industry dress? The problem is that the word professional has changed dramatically over the past few years. In some industries it would have been the norm to dress in a suit and tie. Now it seems that sport shirts are quite appropriate. Then there is the issue of culture. In some areas of the world culture demands more or less formal clothes.

The bottom line is that its difficult to find what is the appropriate way to dress. So, here’s a guideline for you to consider. Wear what you would wear if you were visiting a customer at their place of business from Monday to Thursday -we don’t count dress-down Friday’s. If it’s okay to attend at their place of business then it’s probably okay for a trade show.

Then there is the discussion about themed clothing – golf shirts, buttoned down shirts etc. Well chosen themed clothing can look very professional. In addition it provides lots of additional benefits such as when you tie in the color and messaging on your clothes to the display. Then it becomes easy for visitors to know who to approach at the busy show. Your staff also becomes a walking billboard during their breaks as they make their rounds of the trade show.

If you choose the theme clothing option here are some considerations.

1. Don’t limit your choices to shirts. Theme clothing comes in all forms such as ties, arm bands, blazers, hats, bandanas, vests and sweaters. So rather than doing what everyone else is doing make a statement and do something different.

2. Choose clothes that are of good quality. It’s your image that is at stake, Loose threads, wrinkles and arms that are falling off are a direct link to your visitors impression of your company.

3. Tie the coloring and messaging on your clothes to those in the booth. Remember that your staff is walking billboards. Don’t make these messages so subtle that someone has to be standing immediately in front of your staff to get the message.

4. Choose clothes that are gender and physique neutral. You don’t want any one feeling uncomfortable wearing what you choose.

5. Make it mandatory. If you choose theme clothing it is a must for everyone who is working at the trade show booth. Your instruction should also include that cloths to wear in addition for example you provide the shirt and everyone wears black pants.

6. If you show is more than one day long ensure that people have a change of clothing. Or, at least provide overnight laundry service. It’s important to look fresh and eager each day of the show.

Whether you choose a professional look related to how you would visit a client or choose theme clothing you need to understand the consequences of that decision. Make sure your staff are on board and understand how important how they look can be.

The Art Of Consumer Show Exhibiting

Friday, February 20th, 2009

consumer trade shows

By: Barry Siskind

For some strange and mysterious reason exhibitors at consumer shows (B2C), don’t follow the same guidelines that those who chose business to business trade shows (B2B). While there are some obvious differences, there is no reason that many of the same rules shouldn’t apply. Here are some of the basics for the consumer show exhibitor.

1. Get focused – One of the mistakes both trade and consumer show exhibitors have in common is the lack of clear, measurable and realistic goals. For the consumer show exhibitor these may include such things as selling products, setting up meetings for future business, branding, samplings and so on. What is important is to put a value on these activities ahead of time and then ensure that your results fall within these guidelines. For example, if it would normally cost you $50.00 to realize a sale of $1,000.00 in your normal activities, then use this as your baseline. Your cost for a sale at the show needs to fall below the baseline or you are not moving forward. However, one mistake consumer show exhibitors make is focusing all their attention on immediate sales. Studies have proven that you can expect to achieve between 30% and 60% more business post-show. These money-making contacts should also be equated into your calculations.

2. It’s not retail – A consumer show exhibit is different from a retail store for three reasons: time, space and choices. Consumer show visitors spread their visit among hundreds of exhibitors which eliminates the luxury of relaxed browsing. A typical trade show booth is 10 X 10: a fraction of the size of a normal retail store. In addition visitors have lots and lots of choices to make in a very harried environment. All this means that your display, the number of products you bring and the focus of your booth needs to be well thought out so you don’t add confusion to the list of obstacles these visitors face.

3. Provide a meaningful experience – Customers don’t just want to buy products and services they also want an experience. Savvy exhibitors know this and avoid product pitches and flat uninteresting displays. The trick is to bring your presentation to life. Let your visitors feel what it is like to shop with you.

4. Give them options – Some visitors may not be prepared to make a commitment immediately and say something like “I would like to walk around and see what else there is first.” The chances of them coming back are slim. There is too much at the show to remember, too many products to differentiate between. So, rather than pressuring them into a decision, provide some mechanism for staying in touch with them. For example you may want to send them a text message in 2 – 3 hours reminding them to drop back to your trade show booth. Consider putting them on a mailing list or inviting them on a studio tour.

5. Be proactive – I am not suggesting you become overly aggressive, but rather take the approach of welcoming visitors to your trade show display. Get rid of those time-worn questions like, “Can I help you?” Attempt to engage them in a meaningful conversation which will give you clues to what products and services you can direct their attention to.

Participating in a consumer show has its rewards. With some pre-planning and effort you can realize your goals.

Do you have any experience in consumer show exhibiting? I’d love to hear about it!

The Right Frame Of Mind

Sunday, January 25th, 2009

By: Barry Siskind

One pet peeve of visitors at trade shows is pushy booth staff. These are people who think everyone is interested in hearing about their newest product or service. They wait in their booth with the eye of the tiger for an unsuspecting booth visitor to accidentally make eye contact or ask an innocent question. Then they pounce.

The booth staff, on the other hand have difficulty working in a trade show booth when their manager is demanding so much and giving so little to work with.

The quandary is finding a happy balance between being aggressive enough to produce the desired results and being the kind of person visitors want to do business with. The answer is all a matter of attitude. The right attitude at a booth is not as a hard-core sales person but rather as a host.

Let’s step back from the trade show for a moment and look at another scenario. Assume for a minute that you just moved to a new home. The moving truck has delivered all your furniture and your boxes have been unpacked. Now you quickly realize that you are a stranger in a brand new neighborhood. What can you do?

One technique is to hold an open house where you invite your neighbors over for some wine and cheese or a barbeque as an opportunity to get together.  The invitations have been delivered and its time for your open house to begin. Your home looks perfect: everything is put away and dusted. Your front door has a sign that says, “Welcome”. Your first neighbor walks up the door and enters. What do you do? Do you jump up and immediately tell them all about you, your family and where you work not leaving the neighbor time to interject a word? Hardly. Rather the right approach is to act as a host, introduce your self and begin a conversation where you both have an opportunity to learn a bit about each other.

The role of a host is often easier to assume than the role of sales person. It is the perfect mind-set for anyone working a trade show booth. Your display is your place of business for a few days. When visitors approach, your job is to welcome them, make them feel at home and initiate a conversation where the two of you will learn a bit about each other.  There is no difference between having your open house for neighbors and working a trade show booth.

Here are four steps that will help:

1.    Get rid of the same old, tired greetings like, “How are you doing,” or “Can I help you?” Replace them with questions or statement that show your genuine interest in your visitor such as, “Is this your first visit?” or “”What attracted you to our booth?”

2.    Invite the visitor into your space.
Conversations that stay in the aisle are subject to constant interruptions.

3.    Explain how your booth was developed to help make their visit easier.
Point out the demonstration areas, the section where one-on-one presentations will take place or the location of a new product or service.

4.    Ask about their buying needs.
In the first few minutes of your conversation the emphasis should be on asking rather than telling.

The right frame of mind will make the show experience more productive and fun for both your exhibit staff and your visitors.

The Untapped Potential of Your Trade Show Network

Wednesday, December 3rd, 2008

By: Barry Siskind

When it comes to networking opportunities, trade shows provide one of the best venues. Here is the one place where everyone in your industry congregates for a few short days and is focused on one thing – business.

Over the last few years we have seen a significant drop in the number of people who attend shows while the quality of those who do come has risen. This is important news for an exhibitor or a visitor who wants to meet and greet those often inaccessible industry people.

These are the same people you have left countless unanswered telephone and e-mail messages for. These may be the same people who will ultimately decide on the purchase of your product or service. There will be the movers and shakers – people who have their finger on the pulse of your industry. All you need to do is be prepared.

Here are a few tips on preparing your networking activities for your next trade show.

1. Define your objective. Be really clear about what you want to accomplish whether it’s meeting decision makers, product experts, industry guru’s, forecasters or people who work for your competitors.  Ask yourself, “What do I want to accomplish with these people?”  If you want to learn more about your industry for example, take this statement a step further and ask, “What specifically?”

2. Make a list of the people you want to meet and the most likely place to meet them. This will include such places as receptions, on the show floor, at participating hotels, during industry events such as meetings, banquets and sporting events or at a lecture.

3. Attempt to reach these people ahead of time to set up a pre-arranged meeting. This is a great idea because the people that you want to meet, just like you, are busy and have full schedules.

4. Develop a list of questions. Rather than leaving the meeting to chance it’s always better to spend a bit of time preparing the questions ahead of time. Questions like the one in Step 1 – “What specifically?”

5. Recording information. Bring a notebook, to record the information you are gathering.

6. Bring your business cards. Its simply good business etiquette to exchange business cards during a business meeting. Having this contact’s card also gives you their vital statistics so you can get in touch with them after the show in case you have additional questions or need some clarification on the information they gave you.

7. Thank them. Not only after the meeting is over but immediately after the show. It’s good business practice to send an e-mail or letter thanking them for the time they spent with you and the value their information had.

8. Look for opportunities to add information of your own. During your face to face meetings you may stumble across bits of information the person you are meeting with may be looking for. Here is a great chance to give something back to the conversation. But, be careful and avoid gossip. Keep the information you are sharing factual and positive.

Sometimes we get so focused on setting up  a trade show exhibit or planning a trip we neglect the power we can cultivate with a strong network. Put these eight simple steps to work at your next show and reap the rewards that come from adding networking to your show schedule.