The Tradeshow Network Marketing Group
Our Company    Resources    News/Events    Client Log-in
   
Trade show Marketing Trade show Exhibits Trade show Services

Posts Tagged ‘custom trade show displays’

How to Measure Exhibit Staff Training

Wednesday, June 24th, 2009

By: Barry Siskind

It’s an age old problem. Managers intuitively know that providing staff with specialized training makes them more proficient, helps increase confidence and improves the bottom line. So, you might ask, what is the problem? The answer is simply they can’t prove it. And, proof is what’s needed in order to justify the time and cost of providing training.

The challenge of creating a ROI for training is that it needs something to be compared to and without the ability to know what the training investment is being compared to, calculating the ROI is next to impossible. The root of the issue is the establishment of benchmarks. Here is where many trade show exhibit managers fall down in their ability to collect meaningful data from their exhibit experiences and to use that data to establish a benchmark from which future performance is compared.

Here is an example of a few of the bits of data that should be included in a post-show statistical analysis:

Sales cycle
This calculation of the average time it takes once your sales folks have met someone to the time it takes that contact to make a decision. This is an important number because once it is defined, it helps your booth staff focus on the right people.

Average time to convert a visitor to a lead
This is important because it helps your booth staff determine the length of a booth presentation and helps them manage their time.

Audience profile
You need to have a breakdown of the audience at any event to determine if there is a match between who is attending and the profile of your target contact (that is the person most likely to turn into a high quality lead)
that  you should have created ahead of time.

Success ratio
Success ratio answers the question “If you gave one of your staff 10 good quality leads, how many of these leads will be converted into a sale in the next 12 to 18 months?” The challenge is that when you measure ROI the number is often distorted because actual sales take time depending on your sales cycle. However knowing what the success ratio is helps you put real numbers to short term success.

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.

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 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.