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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. |