However, don’t shortchange your overall look and feel of your display just to be there. Stay visible in a smaller space but maintain the optics of success. Yet, surprisingly few have adopted this basic business tenant and integrated the practice into their exhibit plans. When you withdraw your support for your face-to-face program you run the risk of losing the direct advantage you sought by choosing to be there in the first place but of equal importance is that you also create a negative impression in your customer and industry’s eyes that can be irreparable. When my parents would peak into my room they would say “It’s nice to see you so busy.” That’s optics.
During the past few years there has been much talk about the value of face-to-face marketing. If more marketers would take the time to calculate their results, they would have the crucial answer on their return of their exhibiting investment. This may seem a more difficult number to calculate, but there is enough industry data around to help. But the issue of optics involves one more criteria. Industry experts, including myself, have detailed the process that will help exhibitors calculate a return on investment and return on objectives. At the end of the day your investment is sure to reap rewards.
Statistics like these and the many more that are available point to a clear value for maintaining an exhibit program. Other marketers are reluctant to reduce their face-to-face marketing exposure, continue their program, albeit with a reduced budget, for fear of creating a negative impression on potential buyers.
When I was young my parents told me to study hard, I would sit at my desk with a pile of books on one side, an open workbook book in front of me. Some opt out when they learn that their efforts have not been as good as they would have imagined, other stay because they are led by the mistaken idea that the calculation of results are only for those who sell products.
Exhibitions assist in gaining/retaining market share-
67% agree or strongly agree
Exhibitions increase corporate and/or brand recognition-
67% Agree or strongly agree
(Source: CEIR, The Cost Effectiveness of Exhibition Participation, spring 2009.)
With these numbers in mind the issue of optics comes into play. You also have to look at the cost of not exhibiting. For example the CEIR recently (Spring 2009) found that the cost of obtaining a high value lead at an exhibit was about half the cost of obtaining a similar lead without a trade show. Even if you can’t justify your show participation by new contacts or orders written it is important to let the rest of the world know that you are not hurting.
Making decisions based on optics alone can catch up with you sooner or later resulting in bad grades, foiled campaigns and lost opportunities.
Stay visible even if you participate in a show with less space. In a CEIR’s recent census, a survey of exhibitors found the following:. The knee jerk reaction is to chop the number of shows and events. The cost of an initial visit with a high quality contact was about a fifth of the cost when compared to non-show activity.
One of the concerns that many marketers face in these troubled times is a reduction in marketing budgets. Similar studies provide evidence that there are definite values in these non-monetary goals. However, what about those non-monetary values such as reinforcing a brand or gaining market share
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Posted by admin on November 19th, 2015 :: Filed under Uncategorized
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