Six
Trade Show Marketing Mistakes and How to Avoid Them
- By Mitch
Tarr
Trade Show Marketing
has changed a lot in the past few years.
As they say, there
is the easy way and the hard way. I learned my trade show
mistakes the hard (and expensive) way. I didn't know that
I didn't know. You may be in that situation too.
If you use trade
shows as a way to promote your business, you should think
about what I am about to tell you and discover if these strategies
can help you get better trade show results at a lower cost.
Trade Show Marketing Mistake Number One:
Not having a clear
purpose and plan for each show.
This seems to be
fairly obvious but so many companies I talk to are in the
trade show rut. They have been in a show in the past and continue
to stay in. Even if the show has shifted its focus, redefined
its market, or has competition of its own.
If
you have people in your company who say “We can’t
miss this show, what will people think?” or “What
message does this send to the market place?” you may
be in this rut.
It’s
clear it’s not their budget they are talking about.
A client of mine did a show for years and had a new product
to launch. It was a product intended for a new market. The
show they had done for years, didn’t suit their market.
But, they couldn’t let go and couldn’t afford
to add new shows to the roster.
So
instead of selecting a different show, one suitable to their
new target market, they stayed in the same show, launched
their product and puzzled over the poor reception of their
product.
Trade
Show Marketing Tip. Do you do a continuous review of your
shows to ensure they stay in touch with your market, products,
competition, and strategy?
Trade
Show Marketing Mistake Number Two:
Investing
heavily in a new (expensive) booth without knowing your show
ROI.
What’s
an ROI you ask? It standsfor Return On Investment and is a
tool the best marketers in the world use daily. Simply it
means I am doing a particular show and expect a certain number
of (hopefully qualified) leads and my budget is X amount of
money.
Your
cost per lead is leads divided by budget. How does that compare
to other marketing strategies you run? Other shows? Past shows?
Or if your expectation is to do a product launch? What is
the number of interviews, media mentions and write ups you
expect to achieve?
Trade
Show Marketing Tip. No matter what your trade show goal is
measure, measure, measure.
Trade
Show Marketing Mistake Number Three:
Not
thinking about your competition.
Trade
shows are great. Delegates can go to the show, see what suppliers
are doing in their industry, look for products that offer
competitive advantage and incorporate them into their buying
plans.
That’s
the good news.
The
bad news is that while they are there they can make a direct
comparison of you and your competitors. How they look, how
they behave, how they represent themselves, and what they
offer.
Now,
people aren’t looking for sameness. They are looking
for difference. You all have the same professional booth,
the same well trained professional staff, the same glossy
brochures, and the same give-aways. So what is your competitive
advantage? You must know first of all, how you separate yourself
from your competition and have a clear message but you must
also ensure you appear to be different on the show floor.
That’s
what’s great about the internet these days. All of your
competitors will have a web site with coming events in it.
So between last years exhibitor list and your competitor’s
web sites there is no excuse for not knowing who will be there
at the show.
Trade
Show Marketing Tip. Figure it out! And separate yourself from
the pack--your results will improve.
Trade
Show Marketing Mistake Number Four:
Not
training the booth staff.
Next
time you attend a show, look for any of the following behaviors.
- Cell phone usage
- Exhibitor staff talking to each other
- Talking about clients
- Food and Beverages in the booth
- Gum chewing
- Corporate secrets-in the open!
You
get the idea!
Perhaps
any one of these is not an indictable offence, but have you
seen more than one? Or even, was it the one thing that caused
a potential prospect to pass you by. An opportunity that would
never come again.
Often
in shows people who are not professional sales reps attend
and pull booth duty. Product managers, PR people, CFO’s
and others. Just being in a show doesn’t mean they know
selling skills and/or show etiquette.
Trade
Show Marketing Tip. Hold training classes before the show,
write out a show guide, and have a pre-show meeting on the
show floor to remind everyone that behavior that would not
be tolerated in the boardroom of your best client would not
be tolerated on the floor either.
Trade
Show Marketing Mistake Number Five:
Not
trying to qualify a prospect.
IF
you are attending trade shows to generate new leads, you will
want to as closely as possible follow your selling process.
The fact you are at a show and everyone is giving away yo-yos
doesn’t shouldn’t keep you from doing what you
do in real sales situations—qualify your prospect.
I
had a client who sold to small business owners. Which of the
following opening statements would have the best effect for
him?
- Hi, would you like to see my product?
- Would you like a yo-yo?
- Do you own a small business?
If
you picked C (I surely hope you did) you are on your way to
leveraging your trade show investment.
It
is critical to know if you are talking to the people who your
marketing efforts are targeting. Just because someone is at
a show doesn’t mean they are your target audience. They
could be media (yay), competition (groan), or tire kickers
(yikes).
Trade
Show Marketing Tip. Your success will be greater if you plan
to qualify in the booth. Qualified prospects are like gold-you
need to dig a little bit. Remember to train you staff (all
of them) to ask the sales question. “Are you my market?”
Trade
Show Marketing Mistake Number Six:
A
weak follow up plan.
You
have in your hand, a list of people who stopped by your booth
(lets say they aren’t qualified) or you have a stack
of business cards (lets say they are qualified decision makers).
What
you do next will make a difference to your result.
You must have a measurable, crisp, FAST follow up plan in
place. This is one way you will most certainly separate you
from your competition. Here is an area where most people fall
down.
The
scariest story I heard of was actually a friend of mine who
worked a booth in a trade show and allowed someone else to
take the business cards home. Can you guess? They lost the
cards! There was no back up. They were GONE!
Now
that leads to poor follow up. The onus was on the prospects
to remember they talked with you and want to continue to talk
with you.
Trade
Show Marketing Tip. So plan and measure your follow up. That
alone costs you no money and delivers a better result.
As
you can see many of these mistakes are common sense. But common
sense only if you have seen them work or not work in your
favor.
Trade
Show marketing is a skill. And as such can be developed to
produce better results.
Discover
how the best trade show marketing professionals in the world
plan, execute and measure their results to continuously improve.
Mitch
Tarr is the Author of:
"The Worlds Greatest Tradeshow Marketing Guide"
His site Tradeshow-Marketing.com
is loaded with a wealth of knowledge for tradeshow and event
planners. |