Avoiding Trade Show Faux Pas
Six tips exhibitors should know.
By Christopher Hosford
originally appeared in Inc.
Magazine
Bob Uhle had a challenge on his hands. As director of
sales and marketing for a start-up called the Aviation
Technology Group, it was his job to build interest in
and book deposits for the Javelin, the company's slick
new private jet. Competition in the private jet industry
is pretty intense, however, and buyers certainly have
every reason to eschew an unknown company. Further complicating
ATG's efforts was the fact that the business was still
in the prototype stage and wouldn't be able to deliver
planes to customers until 2009.
With these chips stacked against him, Uhle decided
to bet a big chunk of his budget--more than $200,000--on
a major industry trade show held annually in Las Vegas.
That's a large sum for most companies, but in the airplane
business it's peanuts, especially for a launch. To introduce
the brand (and maybe sell a few planes) ATG designed
a 50- by 60-foot booth that included a full-scale model
of the plane and a flight simulator and arranged to
send 25 executives, technicians, and salespeople to
the event.
These days, many companies are returning to trade shows,
which slumped following the terrorist attacks and recession
of 2001. Event organizers are reporting gains in revenue,
attendance, and the number of exhibitors, and many exhibition
halls are expanding, according to the Center for Exhibition
Industry Research.
Making a trade show pay off can be tricky, however,
because "the cost per contact is the highest of
anything in the marketing tool kit," says Ruth
P. Stevens, a professor at Columbia University's business
school and the author of Trade Show and Event Marketing.
On the flip side, "the benefit of trade shows is
that they can be extremely efficient for having a series
of meaningful conversations with a targeted audience,"
Stevens says.
To have a successful trade show, you should prepare
months in advance. In fact, Stevens recommends that
you think of a show as the midpoint, if not the culmination,
of a marketing campaign. What should you hope to accomplish
at each stage in a campaign built around an expo? Here
are some pointers.
Before the show
An easy screwup: Picking the wrong show
At last count, there were more than 14,000 trade shows
held annually in North America. In some industries,
the big national shows are all but unavoidable. In others,
shows addressing niches draw more attractive audiences.
The website TSNN.com provides a comprehensive online
directory of trade show data.
When you've identified a show that interests you, ask
the organizers to provide you with independent audits
of the size and demographics of the audiences they have
brought in for previous shows. Based on this type of
information, for example, Bob Uhle decided to commit
fewer resources to the annual Oshkosh Fly-In in Wisconsin.
Though the show has always attracted a large number
of visitors, the audits suggested that the audience
was not filled with people who would actually buy a
jet.
An expert strategy: Using teaser gifts to draw crowds
In a 2004 study, researchers at Georgia Southern University
found that companies that sent formal invitations with
a gift to attendees prior to an event drew larger crowds
than those that sent only invitations or invitations
with redeemable coupons. Further, the study said that
76 percent of trade show attendees retained a favorable
impression of a company that sent them a promotional
product. There are myriad gifts to choose from, of course,
ranging from mousepads that cost a few cents to T-shirts
and flash drives for a few dollars.
At the show
An easy screwup: Small signage or bad signage
It seems like such a simple thing to remember, but when
it comes to signs at trade shows, the bigger, the better.
And make sure the message is as direct as possible.
Henry Barbey learned that lesson as an exhibitor at
New York City trade shows. Barbey, the director of the
New York Center for Coaching, a group of business coaches,
was looking to increase visibility for his two-year-old
group. At first, he showed up at trade shows with a
meager sign that proclaimed, "We Match You Up With
the Right Coach." When that didn't draw crowds,
he switched to a larger sign mounted high in the air
and blaring, "Success: The Right Coach Makes All
the Difference!" Voilà, he had a crowd.
An expert strategy: Huddling with staffers frequently
From time to time during a show, plan on huddling with
your staff to share information. At the show where they
unveiled their new sign, Barbey and his partners swapped
suggestions every hour or so. For ATG's multiday show,
Uhle organized meetings at the end of each day, brainstorming
answers to particularly difficult attendee questions
and talking about which staff messages seemed to have
the strongest impact.
After the show
An easy screwup: Failing to follow up on leads
Don't pull off a flawless performance at the actual
event only to mismanage everything that comes afterward.
Follow-through and post-trade show evaluations are essential.
Uhle's team asked people who came by their booth to
fill out questionnaires. They also collected information
saved by the trade show's infrared badge-screening system.
From the two sets of data, they culled a list of 400
qualified leads and followed up with the most promising
of them in the weeks after the Las Vegas expo.
Uhle recommends that you also make sure you discuss
and document any mistakes you made at a show, so that
you can avoid them in the future. For example, he regretted
that ATG had not adequately trained all booth staffers
on how to use a slick PowerPoint presentation as a sales
tool. In a do-over, he'd have everyone get comfortable
using the slide show.
An expert strategy: Tracking your ROI
Because trade shows are so expensive, it's important
that you keep track of the resulting sales. The contacts
that Barbey made using his bigger sign subsequently
produced $12,000 in new business, or $10 in revenue
for $1 of exhibition expenses. After the Las Vegas air
show, Uhle determined that contacts his team made resulted
in 17 deposits of $25,000 each on the company's new
plane. Since the jet was priced at $2.6 million, that
should ultimately produce $44 million in sales. That's
a $176 to $1 return. The show was such a success for
Uhle, in fact, that he decided to leave ATG to form
his own marketing and trade show consultancy. His advice
to new clients? "A commitment to excellence should
be your goal," he says, "even if your booth
is just 10 feet by 10 feet."