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1.
Make Every Conference Exhibit a Selling Event
Educational
conferences consume a large percentage of the marketing and sales budget
for most companies that market and sell to schools. They are an
important part of the marketing mix.
Unfortunately, results from trade show exhibits usually fall short of
what could be achieved by rethinking your trade show strategy. It boils
down to one thing. You must make sales your number one objective for
every conference you participate in. This is especially true when floor
traffic is down in light of tight travel budgets and other distractions.
Your booth staff should be prepared and trained. They should have
specific objectives that will drive specified sales targets so your
exhibit is part of a sales process, not an isolated event. Focus on a
key product or service that differentiates your company from the
competition. Resist the temptation to try to promote everything you sell
if you have multiple products and services. And be ready to quickly
follow up on every qualified lead you get. Give every qualified prospect
a reason to buy from you instead of your competitor.
2. Rebalance Your
Trade Show "Investment" Portfolio
Most companies invest their conference budget on very large conferences
that have, in the past, attracted large numbers of educators. These are
exactly the conferences that have been impacted recently by safety
concerns and travel budget restrictions.
You should rethink your trade show investment mix, moving to a more
conservative portfolio that is appropriate for slower economic times.
Think about exhibiting or participating at regional conferences.
Consider not participating in some of the big national conferences, and
instead participate in niche conferences that attract a very targeted
audience. If you do decide to invest in the big shows, downsize your
exhibit space and cut back on some of the fancy furnishings that cost
thousands to ship. Shift those dollars to pre- and post-conference lead
generation and off-exhibit sales activities that are designed to drive
more business from your best customers and close strategic deals with
hot prospects.
3. Use Incentives
as a Tool to Help You Qualify Visitors
Now is the time to reevaluate the
items you give away at your exhibit. Much of the money exhibitors spend
on premium items is wasted and does not contribute to sales. Instead of
giving away non-product-related gifts like stuffed animals, pens and
pencils, chocolate chip cookies; entertaining exhibit-goers; and holding
raffles for vacations or other bonus premiums, give away sample products
and services or provide useful, product-related information like white
papers, reports, and teaching materials.
Product-related
incentives will discourage unqualified prospects from distracting you
from the business at hand. And, no matter what you give away, make
visitors to your exhibit do something in order to get rewarded—like
making a commitment to the next step in the sales process! Try to avoid
the “it and run” goers who are on the floor mostly to collect freebies.
4. Rethink Your
Exhibit Space
Make use of smaller exhibit space by replacing presentation theatres and
other large group venues with solutions demonstrations stations and
areas for meaningful one-on-one consultations. Presentation theatres
make sense in some situations, but rarely are the presentations
memorable or action-oriented.
Be sure your booth signs clearly communicate what you are selling and
have a strong sales message that quickly communicates your “why to buy”
message. Also, if you have solutions partners that exhibit at the same
conferences that you do, why not team up with them and share the cost
and the space?
5. Expect More
From Show Sponsors
Conferences can’t survive without
exhibitor fees. During slow economic times, it is important that you
take advantage of every opportunity that you can work out with the
exhibit sponsor.
Look for creative ways to promote your product or service beyond what’s
being offered by the sponsoring organization. And don’t be afraid to
negotiate for better floor location and other opportunities to help you
get your message across.
In tough times, sponsors may be more flexible with what they are willing
to do to keep your business. Be proactive in requesting changes to the
exhibit hours, inquiring about deals on exhibit space, and enlisting the
help of the sponsor to make your exhibit give you a higher return. If
the conference sponsor is inflexible or unwilling to make an extra
effort to help you achieve your sales goals, then consider investing the
same dollars instead on a direct marketing program or other
“one-on-many” events you can do on your own. |
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Glen McCandless, Editor
and Publisher of SellingToSchools.com, is the principal of
Focus Marketing, Inc., a marketing firm that
specializes in the education markets. Glen is an expert in channel
strategy with nearly 20 years of experience helping companies
efficiently and effectively sell and market to buyers in the K-12 and
higher education markets. You can reach Glen via e-mail at
gmccandless@sellingtoschools.com.
Copyright © 1999-2005
Focus Marketing, Inc. All rights reserved. Reprinted with permission. |