November 6, 2006in Trade Show Displays 0 Likes

Generate Traffic, Boost Sales with the Right Trade Show Graphics

Six Do’s & Don’ts for Creating Impact

The graphic elements of your trade show display are as essential to getting results as the paint on an artist’s canvas. There are many creative directions you can go with this idea, and many of your competitors will default to using the company logo for their graphic because it’s easiest. But this works best when you have firm brand recognition, like Apple Computer or a compelling, attention-grabbing logo like Target Stores, or you have a combination of both, like McDonald’s

But if you don’t have that concrete brand recognition yet, there are plenty of alternatives to effectively executing the use of your trade show display graphics. Here are some guidelines you should follow to give you the best chance at getting the results you want.

Do:

Think from the Customer’s Perspective – If a prospect knows nothing about your company, what would you first want them to know or understand about you? And how can you communicate that in your trade show display graphics at first glance? Put yourself in the customer’s shoes – most of us know from Marketing 101 that if you don’t get the customer’s attention in a few seconds, you can forget it. So, don’t waste their time – make them feel grateful that they stopped to talk to you. (more…)

November 3, 2006in Trade Show Displays 0 Likes

Safety and Security for Your Next Trade Show Visit

When planning to participate in a trade show, how often to you really think about safety and security? Exhibitor Online’s Candy Adams reviews potential risks in her article, “Trade Show Safety and Security.” From splitting the contents of her wallet between two pieces of luggage to making sure you safely set up your trade show display, she covers common vulnerabilities and how to protect yourself, your staff and your equipment during the next trade show that you visit.

Trade Show Safety and Security
By: Candy Adams

From airports, to the hotel, to the show floor itself, exhibit managers face threats to safety and security at every step of the trade show experience. Because much of what we do, and exactly how and when we do it, is not within our personal control, planning safety and security for ourselves, our staff, and our exhibit property isn’t something we can leave to chance.

Personal Travel Safety
What would you do if your wallet, containing all your cash, traveler’s checks, credit cards, and ID, was stolen going through the security checkpoint at the airport? This exact scenario happened to me a few years ago on a two-show road trip.

I now split my cash and credit cards between two pieces of carry-
on luggage whenever I travel. I also keep a photocopy of everything in my wallet on file at home, just in case I have to report the loss or theft of my credit cards or ID.

But simply arriving safely is only half the battle. Be aware of scams at gas stations near airports where travelers typically refuel rental cars. One thief will set up a distraction as you pump gas, and another will grab your purse or wallet from the opposite side of your car.

When checking in to your hotel, be sure the desk clerk doesn’t ann-ounce your room number in front of other guests. If this happens, request a room reassignment.

October 6, 2006in Trade Show Displays 0 Likes

Increase Sales By Thinking Beyond Your Standard Trade Show Display

The most incredible, cutting-edge, innovative product or service in the world is not going to generate revenue without a valiant marketing effort. Attending trade shows is a smart initiative to get exposure for your company – but if you are not paying close attention to the details of your trade show display, you are missing an opportunity to showcase your company above the competition.

Your trade show display creates a backdrop for you to meet new prospects and hopefully lay the foundation for a lucrative relationship with them. When a trade show attendee stops by your exhibit, they are stepping into your portable office, and you are offering a snapshot of what your company is about. If you want to keep a prospect in your trade show booth for more than a couple of seconds, you must be able to quickly establish trust – and projecting a polished, professional image, combined with a personable staff, sets an excellent foundation of trust.

(more…)

August 25, 2006in Trade Show Display Rentals 0 Likes

Stretching Your Marketing Dollar: Maximum Exposure on a Budget

You can’t get customers without exposure and you must invest some money to get that exposure. But you don’t have to go broke doing it.

Following the old, basic marketing model – putting a sign with your company’s name on the door; sprinkling your advertising budget across print, radio and television campaigns; and paying a graphic designer for a slick brochure or pamphlet – minimizes your impact in the marketplace. An important step in expanding your customer base is gaining exposure to generate interest in your brand. And if you were thinking that you couldn’t get a lot of exposure because of a limited budget, keep in mind that there are always effective, low-cost marketing options to attract potential customers.

Here’s a look at a couple of ideas to stretch your advertising dollars.

Website

Just under a decade ago, only the large companies were using their websites as effective marketing tools. Today, almost every business needs one. Your website serves as an essential piece of your overall marketing plan that fuels a sense of legitimacy for your business. If you don’t have a website, potential customers may be turned off because these days, the perception is this: if you are a legitimate professional, you have a website. It’s as important as having a phone number for your business. (more…)

August 7, 2006in Trade Show Displays 0 Likes

Leading Trade Show Exhibit Trends Create A Profound Experience for Attendees

Trade shows have traditionally served as an opportunity for industry leaders to showcase their latest products and innovations. Competing companies have always clamored for the attention of potential customers by sticking to the benefits sales model, showcasing how their product can solve a common problem.

But current trends are creating a different climate at trade shows these days. With competition for the customer’s attention stronger than ever, exhibitors are no longer fixated on separating themselves from their competitors by focusing on a particular product and simply talking about solutions and benefits. Which leads us to the first, and probably most profound, trend in trade show exhibiting. (more…)

February 25, 2006in Trade Show Displays 0 Likes

Making Trade Shows Interesting

Attending trade shows can be an effort in futility, imagine being a presenter at a trade show. Sometimes you need more than just a trade show display…

One of the hard parts about running a conference is figuring out a reasonable strategy for the trade show. Some conferences don’t have a trade show at all; if you can get the attendees to pay all the costs associated with an event, then that’s a worthwhile strategy.

From 2001 until late last year there was such a downturn in the high tech industry that vendors were having a hard time justifying the costs for booths and booth staff. The XML conference certainly noticed the downturn. It wasn’t all about the money, of course. As Tim said, a web site can function as a booth and doesn’t pack up and go home after a couple of days.

Except for, everyone now has a web site, many complete with blogs and RSS feeds and Flash demos of happy customers using the product to do marvellous things. If you know the names of the companies whose products you’re interested in, or the standard name of the type of product you’re looking for (so you can at least google for it), then you’re probably well served by the web. Always assuming that what you’re looking for is the slick, polished, demo information that most web sites specialise in. If you don’t know what types of products you might need, or you don’t know the names of relevant companies, then you have a harder time trying to find it. Or maybe you’re just suspicious of whether the products shown in the slick demos really can solve the issues you have.

I’m reminded of the scientific research community. When I was doing my PhD, you either had time to keep up with the related literature, or you had time to do your own research. You didn’t have time to do both. The way you found out about stuff that actually was relevant to what you were working on was to go to a conference or two a year, listen to the papers, and talk to people. Merely publishing your research in a recognised journal was not enough; you had to take the research to where they were going to be. I think we’re getting close to this with web sites, where one of the only ways for vendors who aren’t household names to be found is to go to a trade show and make it worthwhile for attendees to stop by their booths.

So what makes it worthwhile for attendees to stop by a booth? Part of the answer is for what they can’t get off the web. Eric Sink points out, amongst a lot of other interesting comments, that the big difference is face time. Time to put companies and products into perspective, compare them to the competition, maybe talk to some real developers. Time to see whether they can trust the vendor to fulfill the promises that vendors always make about ship dates, feature sets, and standards-compliance. And time to find out about that new style of product that they hadn’t known even existed before this week.

At the XML conference we’re doing our bit to help attendees get an experience they can’t get on the web. We’re emphasizing interoperability demos, and comparative product demos. We’re getting new vendors on to the show floor, and a lot of vendors this year are planning product launches at the conference. It looks like it’s going to be a good complement to the technical program, showing attendees another side to the innovations going on in XML-land.

February 10, 2006in Trade Show Display Rentals 0 Likes

Trade Show Display Rentals: A Good Idea!

Trade shows can be a great way to win new business, make new contacts and unveil new products to the marketplace. Exhibiting at a trade show means you are going to need to a trade show display to attract attention and showcase your company and products. The benefits of renting a trade show display, instead of purchasing one, can be numerous for small businesses or start-ups attending their first trade show and large businesses looking to increase interest at their next show. Below are some of the reasons why renting a trade show display is a good idea.

Convenience
The convenience that provides, as opposed to buying one, can be one of the most important factors in one’s decision to rent. Renting a booth for your first few trade shows will allow you to get a feel for these shows and how much money you may be able to make by attending them. You don’t want to make a big investment in a trade show display only to find out that the trade show scene is not for you. Using a rental gives you the impact of having a customized trade show display and the convenience of not having to commit to a specific format. (more…)

February 9, 2006in Trade Show Displays 0 Likes

Trade Show Displays and Budgets

Start planning well ahead. You already know this, right? Keep yourself as organized as possible right from the beginning — even before you book your space. You know how carefully today’s brides plan their weddings. Months, even years ahead, they start thinking about the church, the reception, the dresses, the flowers, the cake. And of course, the cost. Well, you’re the bride. Grab your planning book and start writing down everything you must do to get yourself ready for a successful trade show season — next year’s.

Even before you decide to go into a show or two, you should have a hard look at the costs and expected returns. This is why you create a trade show budget. Whether you admit it or not, everything has a cost, and trade shows are no exception. Remember that your objective is to make sales, or at least generate opportunities to make sales. So you have to view your costs in that light. Everything should be done with an eye on its potential return.

How to Start your Trade Show Budget Planning

The normal starting point for your campaign is the trade show budget. If you work from a budget, you have an outside chance of keeping your costs under control. Of course there is a certain amount of hocus pocus involved in budgeting for things like trade show marketing — especially if you’ve never seriously done it before and have no track record to go on. Still, you should give it your best shot. This is not rocket science, and any research or analysis you do will be better than just “winging it”. Try using a “brainstorming” process similar to the following.

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First, ask yourself some BIG questions:

Question 1. Do I really believe I can recover my costs within a short enough period of time to make it “profitable” (make more than it costs)?

Answer 1. Like most promotion and advertising, until you’ve done it, you have little idea how successful it will be. First you will have to summarize all the costs, and then try to figure out how many sales you’re likely to get from this sort of exposure.

Question 2. Do I have any idea which trade shows are more likely to be “profitable”.

Answer 2. There are trade show directories and reports that can tell you about industry-specific shows. Usually they will tell you the number of attendees, and hopefully something about their buying habits. Find the relevant directories, and figure out some method of choosing between shows.

Question 3. Are there obvious ways to enhance my “Conversion Rate” — the number of attendees who buy from me?

Answer 3. Yes, of course. Having an attractive, eye-catching trade show display is a good start. Getting a good location on the floor will help. Setting up your booth properly will help you “process” the attendees more efficiently. Having a lead-gathering system will help you do more profitable follow up. Giving out memorable hand-outs will enhance your chances of being recognized later on. Training your booth staff could make an important difference.

Ask yourself a few more questions like this to get yourself in the right frame of mind. Then you’ll be ready to start preparing your trade show budget.

Let the Planning Begin – Selecting Appropriate Shows

Begin by assembling the following information (and anything else that seems relevant as you go along):

Find a trade show directory for your industry (online is the best source), or check out the major trade show venues or exhibition companies. They will put you on the right track very quickly.

Select the 10 most promising looking shows based on your “gut feeling” about their potential for your campaign.

Make a chart and list the five or six most relevant bits of information for each of your most promising venues:

– Location
– Date
– Number of attendees
– Geographic area served
– Target market (who will be attending)

Calculate Your Costs for Each Show

Now add some columns to your chart where you can list the costs that are specific to each show:

– Booth space cost
– Other space-related costs
– Travel costs to and from the show
– Things to rent or buy at the show (tables, power, etc.)
– Accommodation costs for booth staff
– Shipping costs for booth display(s) and materials
– Vehicle rentals required

Campaign Costs when Entering a Number of Shows

Now think about the actual “sales process” and make a list of what you will need in order to have a successful trade show experience. These will usually be things that will be used for several shows, so think of them as “campaign costs” that will be amortized over a number shows:

– Display booth design and production
– Product literature
– Hand outs
– Staff training
– Show promotion (free passes to clients, etc.)

If you estimate that your campaign costs will service 4 shows, then take these costs and add 25% of the total campaign costs to the cost of each show. That should give you a realistic estimate of the total cost of each show:

Cost to to Attend Show = Specific Show Costs + pro-rated Campaign Costs

Calculating Your Break Even Point

Now that you have a fairly clear idea of your costs, it should be possible to arrive at an accurate estimate of your Break Even Point for each show — the number of sales you have to make to cover your costs.

For instance, let’s say you calculate that your costs for Show A are $3,000 (including a pro-rated amount for the one-time costs such as the booth). And let’s say you can relatively easily calculate your “gross profit” on each sale (gross sale amount minus out-of-pocket). For example, in the case of the wedding photographer let’s say his gross profit margin is 50%, and the average sale is $1,000. That would give him a Gross Profit of $500 per sale.

In order to recover his $3,000 he will have to get 6 sales (6 x $500 Gross Profit on each sale)

Factors Affecting Conversion Rate

What are his chances of getting 6 sales from a specific show?

Well that depends. If our photographer goes to a wedding show with 1000 warm and willing blushing-brides-to-be battering down the doors of the show, then perhaps 6 is a conservative estimate. However, if the show has only 200 attendees, it might be much more difficult to get 6 sales.

But that also depends. A smaller show may have fewer exhibitors (less competition), will have a more intimate feel about it, will give you more time with each prospective client. And, of course it will cost considerably less than a bigger show — so his break even sales point may be considerably less.

The same goes for much larger shows: more attendees (prospective sales), but higher costs, and much more (and more intense) competition. So the “conversion rate” (number of sales per 1000 attendees) will be lower. There will be more people, but they may be harder to sell.

Once you have a feeling for the idea of “conversion rate” you can start to see how other factors have an important bearing on it: the price of your service, the attractiveness of your presentation, the quality of your samples and handouts, and so on.

Every show and every product will have its “conversion rates”, and the only way you can establish the numbers for your own business is to research, experiment, and constantly “tweak” your presentation.

It certainly wouldn’t hurt to talk to friends and acquaintances who have trade show experience. Ask them about their own success rates. Ask them how many actual sales they get from a good show. Ask them which shows have been most successful for them, and how often they have broken even.

Putting it together…

The only way you can arrive at hard conclusions is by trying. That will allow you to establish a track record. If you think the numbers for a particular show almost add up, then take a stab. Go to a show or two, and when it is over do a careful analysis of your costs and returns. Then you can establish a reliable “Target Conversion Rate” — a number you can seriously shoot for and expect to reach — and then you’re in business. Preparing a trade show budget for next year will be a piece of cake.

And of course, once you do commit to a show or two, your focus has to immediately shift to hitting (and smashing through) that Target Conversion Rate. Design a better display, have more impressive samples and portfolio books, fine tune your product, get some memorable handouts, memorize your sales pitch, take voice lessons, get a hair cut…

Author-Bio: Rick Hendershot is a marketing consultant, writer, and internet publisher.